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Post by ThrobsBlackHat on Jun 1, 2015 23:17:23 GMT 1
If you're going down this route I would suggest using www.topcashback.co.uk to get cashback on signing up, before you even get a free bet. So for example, betfair give you £15 for signing up with them. If you want to sign up to them then follow this link www.topcashback.co.uk/ref/ThrobsBlackHatand we both get a little bonus. Always, and I mean always delete all your cookies (probably easier to do your whole browsing history) before logging into TCB and then clicking through. That way some old cookie lying around doesn't give your money to somewhere else because you'd googled it the night before.
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Deleted
Deleted Member
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Post by Deleted on Jun 2, 2015 10:07:53 GMT 1
If you're going down this route I would suggest using www.topcashback.co.uk to get cashback on signing up, before you even get a free bet. So for example, betfair give you £15 for signing up with them. If you want to sign up to them then follow this link www.topcashback.co.uk/ref/ThrobsBlackHatand we both get a little bonus. Always, and I mean always delete all your cookies (probably easier to do your whole browsing history) before logging into TCB and then clicking through. That way some old cookie lying around doesn't give your money to somewhere else because you'd googled it the night before. I followed your link Throbs to sign up so hopefully you will be a little richer because of it.
Typically though the whole site is under going maintenance so I don't know how long this will take.
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Post by Pilch on Jun 2, 2015 13:37:10 GMT 1
Does that work though? Surely once you've got your free bet from Paddy Power and lose that on your next bet, regardless of whether you lay it on Betfair or not, you are only breaking even and not making a profit as you've lost your free bet? Unless I'm missing something completely? If you take the above scenario to apply to the free bet. You lay £50 on Liverpool on Betfair then use your £50 free bet to back them on Paddy Power. Once again you will get £100 back whatever the outcome of the game. Only this time you have only staked £50 of your own money, with the bet on Paddy Power being free. So you have a £50 profit. what kind of an idiot would lay £50 on liverpool ? ;-)
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Post by Pilch on Jun 2, 2015 13:46:24 GMT 1
If you take the above scenario to apply to the free bet. You lay £50 on Liverpool on Betfair then use your £50 free bet to back them on Paddy Power. Once again you will get £100 back whatever the outcome of the game. Only this time you have only staked £50 of your own money, with the bet on Paddy Power being free. So you have a £50 profit. . As LSF as noted does this only work as long as your free bet keeps winning?
Maybe I'm not quite grasping it but here is my scenario:
First free bet Liverpool to win 2-0 (evens) £50 paddy power free bet Lay bet Liverpool to lose (evens) £50 betfair
First scenario comes good and a clean £100 gain made up of £50 paddy power free bet + £50 winnings. I get that the free bet fifty is suddenly yours for keeps along with the winnings but if you lose that but win the lay off bet does that basically mean that the original free bet is blown and start again elsewhere?
i.e the system can only work aslong as the free bet remains solvent?
that scenario seems bad a draw and you've lost both bets, and i presume you just mean liverpool to win which would mean you only get £50 back and not a clean £100 at all, free bets never refund the stake, it seems the best you can do with that scenario is break even
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Post by Pilch on Jun 2, 2015 13:55:09 GMT 1
when i signed up to betfair they gave me 3x£10 free bets if i bet £10
most i could lose was £10
yes i could have bet on town to win lose and draw but where is the fun in that ?
i placed 4 different bets and actually won 3 of them giving me almost £150 profit
something not really possible if you bet on every outcome
for me betting is fun, don't bet more than you can afford to lose you will probably lose in the long run but now and then you win
my only bet last week was arsenal to score 4+ in the cup final
invested my winning on england to win the cricket @ 11/10
current odds 100/1 :-(
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Post by lenny on Jun 2, 2015 14:04:50 GMT 1
. As LSF as noted does this only work as long as your free bet keeps winning?
Maybe I'm not quite grasping it but here is my scenario:
First free bet Liverpool to win 2-0 (evens) £50 paddy power free bet Lay bet Liverpool to lose (evens) £50 betfair
First scenario comes good and a clean £100 gain made up of £50 paddy power free bet + £50 winnings. I get that the free bet fifty is suddenly yours for keeps along with the winnings but if you lose that but win the lay off bet does that basically mean that the original free bet is blown and start again elsewhere?
i.e the system can only work aslong as the free bet remains solvent?
that scenario seems bad a draw and you've lost both bets, and i presume you just mean liverpool to win which would mean you only get £50 back and not a clean £100 at all, free bets never refund the stake, it seems the best you can do with that scenario is break even Believe the point of a lay is you're betting on an outcome not to happen - so it would be a lay bet on Liverpool winning, not losing - and that would mean you can't lose. Don't fully understand how lay bets work, there was something with premium or something, but I think the basic principle is that you convert the free bet into actual money with the first bet and reinvest it in a second one. As I said, I haven't really looked at this and will explore the Website given in the OP, but I do know everyone everywhere says that it works if done properly!
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Post by SeanBroseley on Jun 2, 2015 19:32:36 GMT 1
Is this impossible to lose money? As long as you don't make a mistake with the procedure.
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Post by QuorndonShrew on Jun 2, 2015 23:11:11 GMT 1
Had a bit of a play around with this tonight, made a little profit but nothing to write home about.
Do you have to open new accounts and use the free bets on both sites to make any money by laying your bets?
For example I claimed the £20 free bet on Coral by putting a £5 on. I then had to deposit a £26 liability to place the second bet which in total made me a profit of around £13. As I was already a member on Betfair I couldn't use any introductory offers so had to stake a fiver of my own money. Is this right?
Crunching a few numbers on the matched betting calculator it seems you generally have to whack serious money (£200/300) to turn over a measly profit of £20/30. Which is risk free in the sense that you can't lose the bet, but isn't it feasible that one of the betting sites work out what you're up to and can just suspend your account? Therefore lose any potential winnings you've made.
I'm pretty sure it's me going wrong somewhere and if so some advice would be more than welcome. But it looks to me at the moment that you have to have serious capital before you can make any money doing this, and that some of the sample odds given in the introductory video on the website you linked aren't realistic.
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Post by lenny on Jun 3, 2015 10:53:57 GMT 1
Had a bit of a play around with this tonight, made a little profit but nothing to write home about. Do you have to open new accounts and use the free bets on both sites to make any money by laying your bets? For example I claimed the £20 free bet on Coral by putting a £5 on. I then had to deposit a £26 liability to place the second bet which in total made me a profit of around £13. As I was already a member on Betfair I couldn't use any introductory offers so had to stake a fiver of my own money. Is this right? Crunching a few numbers on the matched betting calculator it seems you generally have to whack serious money (£200/300) to turn over a measly profit of £20/30. Which is risk free in the sense that you can't lose the bet, but isn't it feasible that one of the betting sites work out what you're up to and can just suspend your account? Therefore lose any potential winnings you've made. I'm pretty sure it's me going wrong somewhere and if so some advice would be more than welcome. But it looks to me at the moment that you have to have serious capital before you can make any money doing this, and that some of the sample odds given in the introductory video on the website you linked aren't realistic. I've also started playing around and I'm in the same boat as you - took up the coral offer but already had a betfair account. Don't think you need massive amounts of money though - if you have a few hundred to spare, you'll make slightly more but not actually all that much than picking substantially lower odds. I've had no problems finding reasonable odds (although I have only done coral and the qualifying betfred bet so far). I guess it isn't going to be huge at first - I've stuck £100 on betfair so can usually only do one at a time - but will be £30 up once my free bet at betfred comes through and is staked, and if I keep adding it to the betfair account (or winning with betfair, as has happened so far!) and pay for access, it'll start picking up fairly quickly when I can either get 2/3 on the go at once, or go for some of these very long odds I can't do yet.
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Post by QuorndonShrew on Jun 3, 2015 11:03:14 GMT 1
Had a bit of a play around with this tonight, made a little profit but nothing to write home about. Do you have to open new accounts and use the free bets on both sites to make any money by laying your bets? For example I claimed the £20 free bet on Coral by putting a £5 on. I then had to deposit a £26 liability to place the second bet which in total made me a profit of around £13. As I was already a member on Betfair I couldn't use any introductory offers so had to stake a fiver of my own money. Is this right? Crunching a few numbers on the matched betting calculator it seems you generally have to whack serious money (£200/300) to turn over a measly profit of £20/30. Which is risk free in the sense that you can't lose the bet, but isn't it feasible that one of the betting sites work out what you're up to and can just suspend your account? Therefore lose any potential winnings you've made. I'm pretty sure it's me going wrong somewhere and if so some advice would be more than welcome. But it looks to me at the moment that you have to have serious capital before you can make any money doing this, and that some of the sample odds given in the introductory video on the website you linked aren't realistic. I've also started playing around and I'm in the same boat as you - took up the coral offer but already had a betfair account. Don't think you need massive amounts of money though - if you have a few hundred to spare, you'll make slightly more but not actually all that much than picking substantially lower odds. I've had no problems finding reasonable odds (although I have only done coral and the qualifying betfred bet so far). I guess it isn't going to be huge at first - I've stuck £100 on betfair so can usually only do one at a time - but will be £30 up once my free bet at betfred comes through and is staked, and if I keep adding it to the betfair account (or winning with betfair, as has happened so far!) and pay for access, it'll start picking up fairly quickly when I can either get 2/3 on the go at once, or go for some of these very long odds I can't do yet. Let me know how you get on mate I'm interested to see how it works. I don't doubt that there is a potential to make money here but when people say they made £10/20k doing this I just can't see it. Unless you have a never ending supply of friends and family who are willing to let you sign up betting accounts in their names and not take any cut from it.
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Post by lenny on Jun 3, 2015 11:41:46 GMT 1
I've also started playing around and I'm in the same boat as you - took up the coral offer but already had a betfair account. Don't think you need massive amounts of money though - if you have a few hundred to spare, you'll make slightly more but not actually all that much than picking substantially lower odds. I've had no problems finding reasonable odds (although I have only done coral and the qualifying betfred bet so far). I guess it isn't going to be huge at first - I've stuck £100 on betfair so can usually only do one at a time - but will be £30 up once my free bet at betfred comes through and is staked, and if I keep adding it to the betfair account (or winning with betfair, as has happened so far!) and pay for access, it'll start picking up fairly quickly when I can either get 2/3 on the go at once, or go for some of these very long odds I can't do yet. Let me know how you get on mate I'm interested to see how it works. I don't doubt that there is a potential to make money here but when people say they made £10/20k doing this I just can't see it. Unless you have a never ending supply of friends and family who are willing to let you sign up betting accounts in their names and not take any cut from it. Will do. I've put my Betfred one on now, so I'll be about £30 up from the two free ones - I told myself if I got more out of it than one month's membership on that site costs, I'd do that (and then the same for yearly membership). I assume there must be a huge number of reload offers - which I haven't researched at all yet, and my plan is to always keep all the accounts other than betfair empty - that way, I won't lose anything if they suspend my accounts. I can't imagine betfair would do so - I'm just betting normally there, after all, and on the exchange so even if I always win, they still make money off me. Personally I'm keeping my expectations a bit lower and if I get a grand or two from this over a year then I'll be happy enough - it'll come in very useful!
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lewie0
Shropshire County League
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Post by lewie0 on Jun 3, 2015 11:43:52 GMT 1
I hadn't read the thread properly when I suggested you could make thousands sorry. The bookies seem to be much more alive to matched betting now and their prices are very closely tracked to betfair odds. I'm sure you could make about £300 guaranteed from sign up offers though. The easier money was to be had in the betting shops back when bookies had their own opinion rather than copying the betfair market
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Deleted
Deleted Member
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Post by Deleted on Jun 3, 2015 12:16:54 GMT 1
. As LSF as noted does this only work as long as your free bet keeps winning?
Maybe I'm not quite grasping it but here is my scenario:
First free bet Liverpool to win 2-0 (evens) £50 paddy power free bet Lay bet Liverpool to lose (evens) £50 betfair
First scenario comes good and a clean £100 gain made up of £50 paddy power free bet + £50 winnings. I get that the free bet fifty is suddenly yours for keeps along with the winnings but if you lose that but win the lay off bet does that basically mean that the original free bet is blown and start again elsewhere?
i.e the system can only work aslong as the free bet remains solvent?
that scenario seems bad a draw and you've lost both bets, and i presume you just mean liverpool to win which would mean you only get £50 back and not a clean £100 at all, free bets never refund the stake, it seems the best you can do with that scenario is break even Sorry, it was mean't to read 'lay bet Liverpool not to win'.
In the event of a draw it doesn't matter if they draw because they haven't won.
I know the free bet stake is not refunded but does it remain in use for the next time i.e is that £50 debited to your account or does it dissappear leaving you with the profits, if there are any.
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Deleted
Deleted Member
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Post by Deleted on Jun 3, 2015 17:36:54 GMT 1
I hadn't read the thread properly when I suggested you could make thousands sorry. The bookies seem to be much more alive to matched betting now and their prices are very closely tracked to betfair odds. I'm sure you could make about £300 guaranteed from sign up offers though. The easier money was to be had in the betting shops back when bookies had their own opinion rather than copying the betfair market You can make thousands. I've made 2 grand in a couple of months.
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Deleted
Deleted Member
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Post by Deleted on Jun 3, 2015 17:53:12 GMT 1
Had a bit of a play around with this tonight, made a little profit but nothing to write home about. Do you have to open new accounts and use the free bets on both sites to make any money by laying your bets? For example I claimed the £20 free bet on Coral by putting a £5 on. I then had to deposit a £26 liability to place the second bet which in total made me a profit of around £13. As I was already a member on Betfair I couldn't use any introductory offers so had to stake a fiver of my own money. Is this right? Crunching a few numbers on the matched betting calculator it seems you generally have to whack serious money (£200/300) to turn over a measly profit of £20/30. Which is risk free in the sense that you can't lose the bet, but isn't it feasible that one of the betting sites work out what you're up to and can just suspend your account? Therefore lose any potential winnings you've made. I'm pretty sure it's me going wrong somewhere and if so some advice would be more than welcome. But it looks to me at the moment that you have to have serious capital before you can make any money doing this, and that some of the sample odds given in the introductory video on the website you linked aren't realistic. You can have accs suspended yeah. But it's unlikely unless you make it too obvious what you're doing. But PA explains ways and means of making yourself seem like a normal punter. But if acc is suspended they can't take money back off you that you've won anyway so you don't need to worry about that. If they accept your bet they can't then turn round and deny you your winnings or cancel the bet. The only circumstance in which they can hold on to your money is if you're unable to prove your identity or if you're caught committing fraud: e.g. you get busted for using accs in someone else's name. Again very unlikely you would ever be caught even if you are doing that. As regards the money you need to do it: The more money you are trying to make, the more you need obviously, although it shouldn't be as extreme as you're suggesting needing £200 to make £20, unless you are taking odds of 10/1. If you're betting £10 at 3/1 on bet fair you would need £30 in your account to cover the liability, because that's what you'll lose if your bet fair bet loses (however you'll win the £30 back on Bookie website for your matched bet). So the higher the odds you take, the more money you need in your acc. What I would advise is to set aside anything you win into a separate bank acc you just use for betting. That's what I've ended up doing and it's made it a lot easier to keep track of stuff. Then if you're not planning to live off the money you make you can keep on building up your betting bank to the point where you can make serious money. With the intro offers alone you can make well over a grand. Re: the sample odds, if you're not finding decent odds you might want to wait until the weekend when there's champions league and more football on. The more events there are at a given time, the better odds. If you have any specific questions on stuff you're struggling with feel free to PM me.
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Post by Pilch on Jun 3, 2015 23:14:11 GMT 1
fuzzy, is the original link anything to do with you though, or a family member ;-)
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Deleted
Deleted Member
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Post by Deleted on Jun 4, 2015 2:16:44 GMT 1
haha no mate, if only. The lad who's set it up will be raking it in. 7,000 members at £18 per month.
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northern salopian
Midland League Division Two
Visiting Shrewsbury again soon...
Posts: 147
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Post by northern salopian on Jun 4, 2015 6:25:23 GMT 1
haha no mate, if only. The lad who's set it up will be raking it in. 7,000 members at £18 per month. Clever boy, show what you can achieve if you're prepared to speculate... I'm too bloody lazy.
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Post by jockeyshrew on Jun 7, 2015 18:36:04 GMT 1
Signed up for this couple days ago and I'm already £48 up, recommended!
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Post by lenny on Jun 7, 2015 18:56:25 GMT 1
Signed up for this couple days ago and I'm already £48 up, recommended! That all?! I'm over £200 up after less than a week, can add my recommendation.
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Deleted
Deleted Member
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Post by Deleted on Aug 4, 2015 18:21:04 GMT 1
Anyone who is now a grand or two up care to thank me?!
Big money to be made with this now season's starting again.
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Post by shrewder on Aug 4, 2015 18:50:54 GMT 1
First rule of betting. If there are winners there must be losers to fund the winners.
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Deleted
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Post by Deleted on Aug 4, 2015 22:55:53 GMT 1
Mugs is the word you're looking for
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Post by shrewder on Aug 5, 2015 8:17:03 GMT 1
Yes, hence the expression betting is a mugs game!!!
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Deleted
Deleted Member
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Post by Deleted on Aug 5, 2015 8:46:01 GMT 1
Anyone who is now a grand or two up care to thank me?! Big money to be made with this now season's starting again. Made about a grand for holiday spending - so thank you :) having a rest from it for a bit now.
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