Matched betting (1 Viewer)

Noggin · Nov 12, 2014

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 · Nov 12, 2014

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.

italiahorse · Nov 12, 2014

Don't you run out of online bookies eventually ?

Greggs · Nov 12, 2014

Interesting!!! More info please. Does it work with any betting field, horses etc?

Greggs · Nov 12, 2014

How much have you invested for that £700?

CTID · Nov 12, 2014

italiahorse said:
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

Noggin · Nov 12, 2014

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.

The Lurker · Nov 12, 2014

CTID said:
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 quid sorted lol

CTID · Nov 12, 2014

The Lurker said:
do what i do, get your sister to sign up for an account and use it, give her a few quid sorted lol

Ive ran out of siblings, and the misses still complains years after that she gets so many bookies emails

Noggin · Nov 12, 2014

italiahorse said:
Don't you run out of online bookies eventually ?

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 · Nov 12, 2014

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

Greggs · Nov 12, 2014

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.

How do you make profit long term then?

The Lurker · Nov 12, 2014

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

i did and got too greedy and fingers burnt

Noggin · Nov 12, 2014

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

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.

CTID · Nov 12, 2014

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

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

Noggin · Nov 12, 2014

Greggs said:
How do you make profit long term then?

I mean your 2 bets cancel so you don't loss much but then you get the profit because of the free money the bookie gave you. I'll write up a proper example, five mins please.

jimmyhillsfanclub · Nov 12, 2014

The Lurker said:
i did and got too greedy and fingers burnt

Ha Ha....Yeah, I've had a few scary moments......nowadays I usually just hop on a market that's moving & get off again quick.....limited profit but hardly ever have to rely on my "stops".....

jimmyhillsfanclub · Nov 12, 2014

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

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.....

jimmyhillsfanclub · Nov 12, 2014

Anyway...apologies Noggin. I'll shut up now & look forward to your proper example.....

Sterling Archer · Nov 12, 2014

Colour me intrigued

CTID · Nov 12, 2014

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?

Noggin · Nov 12, 2014

Greggs said:
How do you make profit long term then?

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 · Nov 12, 2014

Never been a gambler. Only winners are the bookies!

Noggin · Nov 12, 2014

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

Noggin · Nov 12, 2014

Houchens Head said:
Never been a gambler. Only winners are the bookies!

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 · Nov 12, 2014

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.

CTID · Nov 12, 2014

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 ) 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

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

Noggin · Nov 12, 2014

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?

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.

CTID · Nov 12, 2014

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.

£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

limoncello · Nov 12, 2014

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.

What if it's a draw?

torchomatic · Nov 12, 2014

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.

The Lurker · Nov 12, 2014

limoncello said:
What if it's a draw?

when you lay tottneham you get the villa win and draw in your favour

Noggin · Nov 12, 2014

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.

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.

Noggin · Nov 12, 2014

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.

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 · Nov 12, 2014

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.

Matched betting (1 Viewer)

New Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

New Member

New Member

Well-Known Member

New Member

New Member

Well-Known Member

Well-Known Member

Well-Known Member

New Member

New Member

New Member

Well-Known Member

Well-Known Member

Well-Known Member

Well-Known Member

New Member

New Member

Fairly well known member from Malvern

New Member

New Member

Well-Known Member

New Member

New Member

New Member

limoncello

Guest

Well-Known Member

Well-Known Member

New Member

New Member

Well-Known Member

Users who are viewing this thread

Privacy & Transparency

Privacy & Transparency