Deleted
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Post by Deleted on May 31, 2015 12:19:19 GMT 1
Just wondering if anyone else on here has been doing matched betting? I started under 2 months ago and have made just over 2 grand, spending a couple of hours a day on it at most. I haven't had a job in this time so it's been an absolute godsend. For anyone unfamiliar, it is a technique of taking advantage of bookmaker promotions to make guaranteed winnings, whatever the outcome of a given event. I use the below website, which gives complete instructions on how to do it. www.profitaccumulator.co.uk/idevaffiliate/idevaffiliate.php?id=1432You can do the first two offers, from which you make about £50, for free then choose whether to subscribe after that. If anyone is thinking about getting involved and has any questions on it, feel free to ask.
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Post by neilsalop on May 31, 2015 13:57:16 GMT 1
Nice work if you can get it. Well done Not sure if I'd be able to find the time with working full time, but might look into it. Cheers, might be able to go on holiday again this year if it pans out
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lewie0
Shropshire County League
Posts: 71
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Post by lewie0 on May 31, 2015 17:04:46 GMT 1
If you have self discipline it really is quite easy to make money this way.
The problem is the bookies will close down your accounts or severely restrict them over time.The free online bets are still lucrative, but the golden era of "matched" betting is probably gone. The bookies used to hold their prices on the football coupon for example, so i would drive around about 12 betting shops on a saturday putting say £100 in each on the relevant match and lay the bet off on betfair exchange at lower odds,but now they just change the coupon price so its not viable.
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Post by callum on May 31, 2015 17:25:53 GMT 1
Just wondering if anyone else on here has been doing matched betting? I started under 2 months ago and have made just over 2 grand, spending a couple of hours a day on it at most. I haven't had a job in this time so it's been an absolute godsend. For anyone unfamiliar, it is a technique of taking advantage of bookmaker promotions to make guaranteed winnings, whatever the outcome of a given event. I use the below website, which gives complete instructions on how to do it. www.profitaccumulator.co.uk/idevaffiliate/idevaffiliate.php?id=1432You can do the first two offers, from which you make about £50, for free then choose whether to subscribe after that. If anyone is thinking about getting involved and has any questions on it, feel free to ask. As someone that doesn't bet, how does this work?
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Post by davycrockett on May 31, 2015 18:13:17 GMT 1
Just wondering if anyone else on here has been doing matched betting? I started under 2 months ago and have made just over 2 grand, spending a couple of hours a day on it at most. I haven't had a job in this time so it's been an absolute godsend. For anyone unfamiliar, it is a technique of taking advantage of bookmaker promotions to make guaranteed winnings, whatever the outcome of a given event. I use the below website, which gives complete instructions on how to do it. www.profitaccumulator.co.uk/idevaffiliate/idevaffiliate.php?id=1432You can do the first two offers, from which you make about £50, for free then choose whether to subscribe after that. If anyone is thinking about getting involved and has any questions on it, feel free to ask. As someone that doesn't bet, how does this work? You click on the link and follow the instructions
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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 May 31, 2015 19:01:22 GMT 1
I know more about quantum physics than I do about betting...
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Post by callum on May 31, 2015 19:02:00 GMT 1
As someone that doesn't bet, how does this work? You click on the link and follow the instructions A great help thanks very much! I was just after a general overview from a fellow fan rather than a website trying to sell something.
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Deleted
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Post by Deleted on May 31, 2015 20:01:22 GMT 1
Don't need to know anything about betting to do it fellas. I didn't really but instructions are very easy to follow.
A simplified explanation of how it works for you would be the following: you find events where the odds of backing an outcome with the bookie are very close to the odds of laying the same outcome with an exchange such as Betfair (laying is betting against an outcome).
Take Paddy Power who might be offering £50 bonus to anyone who opens an account and bets £50.
You open acc, deposit £50 then find an event where the odds match closely. E.g. Liverpool 2.0 to beat Arsenal on Paddy Power, 2.0 to lay them (bet on them not to beat Arsenal) on Betfair.
Place £50 with Paddy Power on Liv to win then £50 with Betfair on them not to win, and you are guaranteed to get your £100 back whether Liverpool win, lose or draw.
You will not have lost any money, but you will now have a free bet of £50. Repeat the process with the free bet and you will have made £50, more or less, for about 10 minutes work.
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Post by QuorndonShrew on May 31, 2015 23:36:14 GMT 1
This is all well and good if you've never signed up for a betting site in your life, but if over the years you've joined up pretty much every single one going like I have and taken the introductory offers, where do you go from there?
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Post by Worceshrew on May 31, 2015 23:50:29 GMT 1
This is all well and good if you've never signed up for a betting site in your life, but if over the years you've joined up pretty much every single one going like I have and taken the introductory offers, where do you go from there? I'm in the same boat so I was interested to read about this fella How did you manage to keep doing it for 7 years, you'd need quite a lot of friends!
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Post by SeanBroseley on Jun 1, 2015 0:12:47 GMT 1
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Post by bobbytheblock19er on Jun 1, 2015 0:43:29 GMT 1
I have watched a video on this , and decided it is much simpler to go to work .
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Deleted
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Post by Deleted on Jun 1, 2015 6:58:50 GMT 1
In my opinion gambling (along with Eamonn Holmes, Garry Birtles ,Christine Bleakley , alcohol and the Suziki Alto) is the work of the devil.
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lewie0
Shropshire County League
Posts: 71
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Post by lewie0 on Jun 1, 2015 8:17:26 GMT 1
How did you manage to keep doing it for 7 years, you'd need quite a lot of friends! There are only so many reputable bookmaking companies out there, so once youve had all the free bets thats your lot. I made my money mostly from the betting shops but thats difficult now. I also do conventional betting which isnt risk free, so not of interest here. I helped friends out with what things to bet on to qualify for their free bets, as most people struggle to grasp the concept of matched betting. If you havent opened accounts already there are always good offers for a new customer. i found the big racing festivals of cheltenham and royal ascot as the best times. Definitely worth doing, just dont be the person who ends up getting hooked on gambling, which is what these offers are ultimately trying to do
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Deleted
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Post by Deleted on Jun 1, 2015 12:58:10 GMT 1
This is all well and good if you've never signed up for a betting site in your life, but if over the years you've joined up pretty much every single one going like I have and taken the introductory offers, where do you go from there? There will probably be a fair few you haven't signed up with, even if you've done all the main ones. Also if you haven't used any of your adcs in a long time you can get them on the live chat on their website and ask if you are entitled to any offers. I did this with Bet 365 and they gave me the full £250 intro offer even though I've had acc with them for years. If you have moved address in that time you could also just use your new address and maybe add in a middle name when you sign up and chances are they'd never know. Potentially slightly dodgy though doing that. Also their are lots of ways to make money from sites even after the sign up offers are gone, is just a little more complex/time consuming. For examples horse racing refunds you can make £100s per week from alone if you have a bit of cash behind you. This is the list of offers you get initially upon signing up, plus there are more posted every day on the PA Facebook (closed) group: Sportsbook Offers - BeginnerMatched Betting Basic Training - £20 - £30 Understanding Lay Bets & Calculating Profit (Optional) - £10 The Profit Accumulator Facebook Forum - £20 Unmatched Bets - £30 + £10 - £50 Maximising Profit - £20 - £25 - £25 - £10 - £10 Keeping Track of Your Money - £50 - £10 - £150 - £200 - £50 Sportsbook Offers - AdvancedHow to Make £1000-2000 a Month - £30 - Bet £25 get £25 Skrill - £25 - £25 - £50 - £50 - £50 - £50 - £80 - £50 - £25 - £50 - £30 - £50 - £50 - £50 - £30 - £30 - £10 - £50 - £25 - £20 - £50 Keeping Your Accounts Open Advanced Mug Betting - £50 - £80 - £50 Matched Betting for a Living - Varies - Varies = - £200 Spread Betting - £300 Transitioning to Reloads Casino Offers- Scratchcard Refund - £10 - £25 - £20 - £25 - £25 - £20 - £10 - £10 - £5 - Varies No Deposit First Deposit No Deposit Bet £55 Get £55 and 55 Free Spins
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Post by SouthStandShrew on Jun 1, 2015 13:29:43 GMT 1
Is this impossible to lose money?
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Post by QuorndonShrew on Jun 1, 2015 15:14:12 GMT 1
Take Paddy Power who might be offering £50 bonus to anyone who opens an account and bets £50. You open acc, deposit £50 then find an event where the odds match closely. E.g. Liverpool 2.0 to beat Arsenal on Paddy Power, 2.0 to lay them (bet on them not to beat Arsenal) on Betfair. Place £50 with Paddy Power on Liv to win then £50 with Betfair on them not to win, and you are guaranteed to get your £100 back whether Liverpool win, lose or draw. You will not have lost any money, but you will now have a free bet of £50. Repeat the process with the free bet and you will have made £50, more or less, for about 10 minutes work. 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?
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Deleted
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Post by Deleted on Jun 1, 2015 17:35:07 GMT 1
Take Paddy Power who might be offering £50 bonus to anyone who opens an account and bets £50. You open acc, deposit £50 then find an event where the odds match closely. E.g. Liverpool 2.0 to beat Arsenal on Paddy Power, 2.0 to lay them (bet on them not to beat Arsenal) on Betfair. Place £50 with Paddy Power on Liv to win then £50 with Betfair on them not to win, and you are guaranteed to get your £100 back whether Liverpool win, lose or draw. You will not have lost any money, but you will now have a free bet of £50. Repeat the process with the free bet and you will have made £50, more or less, for about 10 minutes work. 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.
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Post by QuorndonShrew on Jun 1, 2015 17:49:51 GMT 1
Ok I follow you now but how do you make that money continue to turn a profit or do you just withdraw it and then keep trying different sites?
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Deleted
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Post by Deleted on Jun 1, 2015 19:31:25 GMT 1
Ok I follow you now but how do you make that money continue to turn a profit or do you just withdraw it and then keep trying different sites? Initially you'd probably withdraw cos there are that many start-up offers from different sites that you'll spend a long time and make a lot of money doing them. Once the start up offers are done you're getting onto reload offers. For example Paddy Power offer a free £10 bet on every PL game that broadcast live on TV. The most lucrative ones lately have been Bet365 who offer a free £50 bet for every champs league game. You can also start thinking about opening accs in mates' or family members' names (with their permission of course), to redo start-up offers and to get better value from reload offers.
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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 1, 2015 19:34:31 GMT 1
I'd quickly lose the motivation to check, place, check, compare, check, join, place, check...
I find it hard concentrating on keeping my CDs in order, never mind accounts and actual finances!
I can see it making a great deal of cash for people far more patient/intelligent/autistic than me, though.
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Post by lenny on Jun 1, 2015 19:58:47 GMT 1
I'll take a look at this over the summer - as a student, I'll have both the time and inclination to work at it!
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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 1, 2015 20:03:30 GMT 1
I'll take a look at this over the summer - as a student, I'll have both the time and inclination to work at it! Lazy freeloader!!!!
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Post by lenny on Jun 1, 2015 20:19:28 GMT 1
I'll take a look at this over the summer - as a student, I'll have both the time and inclination to work at it! Lazy freeloader!!!! Won't be taking that from any grumpy northern glory-hunting fairweather barstewards!
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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 1, 2015 20:48:57 GMT 1
Lazy freeloader!!!! Won't be taking that from any grumpy northern glory-hunting fairweather barstewards!
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Post by Liam on Jun 1, 2015 21:04:52 GMT 1
This does work, and if you do it properly there's no risk involved. Even moneysavingexpert.com used to recommend it. I made a few hundred quid off it a few years ago. My understanding was that it is much harder to do now, however, as bookies have drastically tightened up the small print on what you need to do to access their bonuses.
Basically, it's good, but there are catches. It does take a while to go trawling through betfair and the various bookies' websites for advantageous odds to maximize your profits. Also, if, like me, you're not super rich, the chances are you can only afford to have so much of your disposable income lying in a betting account at any one time, which limits the number of them you can fleece at any one time, and slows down the rate at which you acquire the money.
Also, although the mathematics are foolproof - you literally can't lose if you do it right - they are far from simple. Although you can't lose if you match the bets properly, if you fail to understand it properly and **** the choice of bet matching up, you could certainly still lose through your own human error.
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Post by QuorndonShrew on Jun 1, 2015 21:18:42 GMT 1
I'm doing my own bit of research and I'm considerably more clued up on it than I was before but I'm getting confused with liability and things like that. Also, does the commission on Betfair make it much harder to make a profit?
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Deleted
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Post by Deleted on Jun 1, 2015 21:43:01 GMT 1
Also, although the mathematics are foolproof - you literally can't lose if you do it right - they are far from simple. Although you can't lose if you match the bets properly, if you fail to understand it properly and **** the choice of bet matching up, you could certainly still lose through your own human error. That's what the website I linked to is for. It's gives you walk through guides with exact details on how to do every offer and also they look through small print for you so you don't have to worry about doing it for yourself. There is odds matching software to find close matches and a calculator to work out the amounts you need to bet. The only way to lose money is if you mis-type an amount. However, any errors you make are going to be more than made up for by wins elsewhere, unless you are a complete klutz and make errors every single time!
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lewie0
Shropshire County League
Posts: 71
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Post by lewie0 on Jun 1, 2015 22:05:59 GMT 1
whilst the mathematics are correct, you cant lose if done properly, there are a number of risks i would point out:
Some of the bookies on the long list above are regulated oversees. Ive heard stories of difficulty in withdrawing funds from some of these. Making you produce copies of passport, utility bills etc. I would stick the the UK household names.
I wouldnt open accounts in other peoples names (even with their permission). The t&c nowadays usually give the bookie the right to void bets if they suspect abuse of their bonuses. They will check IP address etc. This could leave you losing one side of the bet, but not getting paid on the other side. Also to set up an account would need bank details, security questions such as mothers maiden name. I wouldnt trust someone else with this. Far better to let your mates open the accounts themselves but to help them with the betting side of things, hopefully they would give you a few quid of their profit for doing so.
LSF - the betfair commission will eat into your profit. Indeed in the long run this is dead money and you would be better off to use betfair purely as a guide to the true odds of an event, but not to lay off your bet. If your risk averse though i can see why you wouldnt want to do this.
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Deleted
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Post by Deleted on Jun 1, 2015 22:18:35 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. . 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?
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