Matched betting (1 Viewer)

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Noggin

New Member
I've recently started doing matched betting and it's been very profitable, about £700 over 2 weeks with almost no risk, I thought other people might like to hear about it.

First if you do this make sure you understand what is happening before you bet and make sure you read and understand the terms and conditions of the offer you are doing before you place your bet. This is almost risk free but only if you are fully informed.

Most bookies will offer you free money to sign up with them. For instance Ladbrooks when you deposit £100 they will give you £100. Now that £100 will come with terms and conditions attached, with a little bit of care and effort you can guarantee a profit of about £75 from that £100.

The idea is that you place a bet with ladbrooks and then go onto a betting exchange (like betfair or smarkets where you get to be the bookie) and lay the bet (basically bet the opposite), this means whatever happens you won't win anything but will lose very little. You can use this to fulfil the terms and conditions of the free money that ladbrooks gave you while guaranteeing you make say £70 whatever happens with your bets.

I'll write more with a bit more explanation if people are interested in doing it.
 
torchomatic

torchomatic

Well-Known Member
Sounds interesting, Noggin. Heard about this before but didn't realise it was matched. To be honest I've never been a better and have only been into a bookies about five times in nearly fifty years. Usually to put my £1 each way on the Grand National.
 
Greggs

Greggs

Well-Known Member
Interesting!!! More info please. Does it work with any betting field, horses etc?
 
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Greggs

Greggs

Well-Known Member
How much have you invested for that £700?
 
N

Noggin

New Member
yeah there is no gambling involved in this at all, the only risks are something like the internet going down after placing one bet but before you place the one that cancels it out (which is very unlikely) or more likely is human error but as long as you check the bet you made then any mistake can normally be fixed for the loss of a few pence.

It can take a reasonable ammount of effort searching for the best odds if you want to make the most money but you can take a bit less profit to do it quickly. For instance if you want to make £65 profit from the free £100 you can find a bet in a couple of seconds, if you want to make £80 though you might have to spend 20 minutes looking for the right odds.
 
N

Noggin

New Member
italiahorse said:
Don't you run out of online bookies eventually ?
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Yes you would, should be able to make a couple of grand before that though and you can continue to make money from their reload offers or their normal offers that appear most days (these can be a bit more complicated to get your head around though how to make guarenteed profit, these offers are things like your money back on a losing correct score bet if Arsenal fail to score)
 
jimmyhillsfanclub

jimmyhillsfanclub

Well-Known Member
At the risk of taking this off topic.....anyone on here use Tradefair? (Its the FTSE/shares/forex version of betfair)
 
Greggs

Greggs

Well-Known Member
Noggin said:
I've recently started doing matched betting and it's been very profitable, about £700 over 2 weeks with almost no risk, I thought other people might like to hear about it.

First if you do this make sure you understand what is happening before you bet and make sure you read and understand the terms and conditions of the offer you are doing before you place your bet. This is almost risk free but only if you are fully informed.

Most bookies will offer you free money to sign up with them. For instance Ladbrooks when you deposit £100 they will give you £100. Now that £100 will come with terms and conditions attached, with a little bit of care and effort you can guarantee a profit of about £75 from that £100.

The idea is that you place a bet with ladbrooks and then go onto a betting exchange (like betfair or smarkets where you get to be the bookie) and lay the bet (basically bet the opposite), this means whatever happens you won't win anything but will lose very little. You can use this to fulfil the terms and conditions of the free money that ladbrooks gave you while guaranteeing you make say £70 whatever happens with your bets.

I'll write more with a bit more explanation if people are interested in doing it.
Click to expand...

How do you make profit long term then?
 
N

Noggin

New Member
Greggs said:
Interesting!!! More info please. Does it work with any betting field, horses etc?
Click to expand...

yes but horses and tennis require a bit more research before doing it, because there are risks involved if your bookie and exchange have different rules on what happens to a bet if someone retires.

I've done horses, darts, football (including some extremely obscure football), American football, formula 1 in the last week.
 
C

CTID

New Member
jimmyhillsfanclub said:
At the risk of taking this off topic.....anyone on here use Tradefair? (Its the FTSE/shares/forex version of betfair)
Click to expand...

I signed up for a free trial and watched a few youtube videos and still dont understand it. Im interested in it though would like to have a good go at it


Sent from my iPhone using Tapatalk
 
jimmyhillsfanclub

jimmyhillsfanclub

Well-Known Member
CTID said:
I signed up for a free trial and watched a few youtube videos and still dont understand it. Im interested in it though would like to have a good go at it


Sent from my iPhone using Tapatalk
Click to expand...


Yeah...It can be overwhelming at first. Did you give the demo account a good go? I've ended up "specialising" in the relatively simple things I understand....so I normally stick to Currencies & commodities (mainly oil & gold). Every now & then a gift horse arrives in the form of a Thomas Cook or similar.....but that's when things can go wrong very quicky.....
 
C

CTID

New Member
Bet365 has a 100% bonus up to £200 at the minute

Edit: But, the terms and conditions are:

To bet with your bonus, simply play through the amount of your deposit once on the sports and markets of your choice. You will need to play through your deposit and bonus three times prior to making a withdrawal.

So....in order to do this matched betting. I need to put £200 on bet365, £200 on betfair. And then to withdraw from bet365 (if my bet was to win here) I would have to wager another £600 in order to withdraw?
 
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N

Noggin

New Member
Greggs said:
How do you make profit long term then?
Click to expand...

Ok so you've signed up with ladbrooks and betfair. you read the terms and conditions for the ladbrooks offer and see you have to bet your £100 in order to be credited with the free £100 bet.

So you bet £100 on Tottenham to beat Aston villa at odds of 2.150 then you lay that same bet at betfair, I found good odds for this 2.140, you put the numbers in a bet matching spreadsheet to find out how much to bet, in this case the odds are so similar its the same £100. Now whatever happens you will win one of these bets and lose the other. In my case Tottenham won, so I won £115 at ladbrooks and lost £114 at betfair. So down a pound.

but now ladbrooks give me a £100 free bet. Yay! Now the terms and conditions say after the bet the free stake won't be returned, this affects the profit we can make and it means we need to bet at higher odds to make good money. In this case I bet the £100 free on Tottenham to win 1 - 0 with the free bet at odds of 8.0, on betfair the odds to lay this were 8.8 put the numbers in the spreadsheet and it says bet 79.88 on betfair. So I do that, Tottenham don't win 1 - 0 and I win £78.14 on betfair (actually I used smarkets) and lose my free bet on ladbrooks.

So now I'm done, I lose £1 in the first bet, gained £78.14 in the second one, I finish up £77.14 and if I want I can now cash out. Within a few pence I would have made the same amount of money weather tottenham had won or lost and weather I gained the correct score.
 
Houchens Head

Houchens Head

Fairly well known member from Malvern
Never been a gambler. Only winners are the bookies!
 
N

Noggin

New Member
If you are going to do this sign up with Topcashback (this is my link so I get £2.50, £5 or £10 if you do I think, go straight to their site if you hate me :p) everyone should have an account at these 2 sites for buying mobile phone contracts, house/car insurance, moving banks, doing online shopping etc. I've had £600 cash from from topcashback alone before starting the bookies), dont rely on the bookie cashback though its an extra bonus, i've found it to be unreliable for tracking bookie signups. get yourself a new e-mail address specifically for this purpose so you can get rid of it when you stop and download the spreadsheet to help you.
http://www.topcashback.co.uk/ref/noggy1980
http://www.quidco.com/user/4633793/1931247/
Then sign up with money saving expert website as they have an entire forum dedicated to this, be aware that asking questions answered in their sticky will get you grief.
http://forums.moneysavingexpert.com/forumdisplay.php?f=41get yourself a new e-mail address specifically for this purpose so you can get rid of it when you stop and download the spreadsheet to help you.
http://forums.moneysavingexpert.com/showthread.php?t=5032213&highlight=ultimatcher
 
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N

Noggin

New Member
Houchens Head said:
Never been a gambler. Only winners are the bookies!
Click to expand...

This isn't gambling, its fleeceing bookies. like I said you are betting on all possible outcomes, unless you make a mistake you know what the result will be financially before a ball is kicked and for the most part it doesn't matter what the result is (sometimes you care as you'd prefer your exchange bet to win so you can do another bookie quickly rather than having to wait to withdraw)
 
jimmyhillsfanclub

jimmyhillsfanclub

Well-Known Member
like it Noggin....fair bit of admin involved though isn't there......maybe i'll get a chance to take a look at this over the weekend......Its the bookies T&C's that have put me off in the past.
 
C

CTID

New Member
Noggin said:
If you are going to do this sign up with Topcashback (this is my link so I get £2.50, £5 or £10 if you do I think, go straight to their site if you hate me :p) everyone should have an account at these 2 sites for buying mobile phone contracts, house/car insurance, moving banks, doing online shopping etc. I've had £600 cash from from topcashback alone before starting the bookies), dont rely on the bookie cashback though its an extra bonus, i've found it to be unreliable for tracking bookie signups. get yourself a new e-mail address specifically for this purpose so you can get rid of it when you stop and download the spreadsheet to help you.
http://www.topcashback.co.uk/ref/noggy1980
http://www.quidco.com/user/4633793/1931247/
Then sign up with money saving expert website as they have an entire forum dedicated to this, be aware that asking questions answered in their sticky will get you grief.
http://forums.moneysavingexpert.com/forumdisplay.php?f=41get yourself a new e-mail address specifically for this purpose so you can get rid of it when you stop and download the spreadsheet to help you.
http://forums.moneysavingexpert.com/showthread.php?t=5032213&highlight=ultimatcher
Click to expand...

Im all over this. Ive heard about it before but not bothered. But after the hammering i have taken from the bookies recently, its time to fight back. This is going to be my new obsession for the next few weeks no doubt :) Nice work Noggin
 
N

Noggin

New Member
CTID said:
Bet365 has a 100% bonus up to £200 at the minute

Edit: But, the terms and conditions are:

To bet with your bonus, simply play through the amount of your deposit once on the sports and markets of your choice. You will need to play through your deposit and bonus three times prior to making a withdrawal.

So....in order to do this matched betting. I need to put £200 on bet365, £200 on betfair. And then to withdraw from bet365 (if my bet was to win here) I would have to wager another £600 in order to withdraw?
Click to expand...

I'd start with easier ones than that that don't require you to bet through the money multiple times but there is very good profit in the bet365 bet.

there will be a thread on the matched betting forum of money saving expert advising the best way to do that one.

but no its harder than you think, it's deposite £200, get £200 free, total £400, bet through it all 3 times, ie bet £1200 then you can withdraw. Your bets will need to be at odds of 1.5 or greater.

I would expect that there is about £140 of guaranteed profit in that offer and it would probably take a couple of hours of effort.
 
C

CTID

New Member
Noggin said:
I'd start with easier ones than that that don't require you to bet through the money multiple times but there is very good profit in the bet365 bet.

there will be a thread on the matched betting forum of money saving expert advising the best way to do that one.

but no its harder than you think, it's deposite £200, get £200 free, total £400, bet through it all 3 times, ie bet £1200 then you can withdraw. Your bets will need to be at odds of 1.5 or greater.

I would expect that there is about £140 of guaranteed profit in that offer and it would probably take a couple of hours of effort.
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£70 an hour? Im up for that! :) Just wish i hadnt exhausted so many peoples free bets lol. Im sure i can get somebody on board though. Plenty of stupid mates who will let me do it and split the profit
 
L

limoncello

Guest
Noggin said:
Ok so you've signed up with ladbrooks and betfair. you read the terms and conditions for the ladbrooks offer and see you have to bet your £100 in order to be credited with the free £100 bet.

So you bet £100 on Tottenham to beat Aston villa at odds of 2.150 then you lay that same bet at betfair, I found good odds for this 2.140, you put the numbers in a bet matching spreadsheet to find out how much to bet, in this case the odds are so similar its the same £100. Now whatever happens you will win one of these bets and lose the other. In my case Tottenham won, so I won £115 at ladbrooks and lost £114 at betfair. So down a pound.
Click to expand...

What if it's a draw?
 
torchomatic

torchomatic

Well-Known Member
Thanks Noggin, makes sense. However, what happens if that Spurs game ended up a draw? Apologies if this is "smash me in the face" obvious, but as I said I'm not a gambler.
 
N

Noggin

New Member
jimmyhillsfanclub said:
like it Noggin....fair bit of admin involved though isn't there......maybe i'll get a chance to take a look at this over the weekend......Its the bookies T&C's that have put me off in the past.
Click to expand...

The spreadsheet I linked too will take a few mins to set up but it will do the majority of the admin work, it will show you graphs of how you are doing etc too, but yes this isn't free money for no effort, you can do it for little effort but the more effort you put in the more profitable it is, the closer the lay odds are too the bookie odds the less you will lose on the bet and you can occasionally even find odds that are guaranteed profit.

It can be quite hard to get your head around the first couple of times, and if you want to continue to make money from a bookie after the initial sub offer then some of those regular offers can be very confusing the first time you do them. Some of the people on the other forum have made 50k over 4 years doing this. But personally I'm happy doing the easier bookies and making a couple of quick grand to give my family a great christmas.
 
N

Noggin

New Member
torchomatic said:
Thanks Noggin, makes sense. However, what happens if that Spurs game ended up a draw? Apologies if this is "smash me in the face" obvious, but as I said I'm not a gambler.
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Laying a bet is betting against something happening,

So I backed Tottenham to win ladbrooks and I layed tottenham (still to win) at betfair. So as long as Tottenham don't win (ie aston villa win or a draw) I win at betfair. If Tottenham win I win at ladbrooks.
 
torchomatic

torchomatic

Well-Known Member
Ah, I see. Thanks v much.

Noggin said:
Laying a bet is betting against something happening,

So I backed Tottenham to win ladbrooks and I layed tottenham (still to win) at betfair. So as long as Tottenham don't win (ie aston villa win or a draw) I win at betfair. If Tottenham win I win at ladbrooks.
Click to expand...
 
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