Don't you run out of online bookies eventually ?
Yeah i assume so....and if youre anything like me you have already had all of these free money offers lol
do what i do, get your sister to sign up for an account and use it, give her a few quidsorted lol
Don't you run out of online bookies eventually ?
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.
At the risk of taking this off topic.....anyone on here use Tradefair? (Its the FTSE/shares/forex version of betfair)
Interesting!!! More info please. Does it work with any betting field, horses etc?
At the risk of taking this off topic.....anyone on here use Tradefair? (Its the FTSE/shares/forex version of betfair)
How do you make profit long term then?
i did and got too greedy and fingers burnt
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
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How do you make profit long term then?
Never been a gambler. Only winners are the bookies!
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) 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
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?
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.
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.
What if it's a draw?
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.
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.
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.
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