How we're financed. Martin's blog. New Post. Go to Category.. Grabbit while you can It's Gone, but was it any good? I won! Important update! Please take the time to familiarise yourself with the latest version. I look for probably a maximum of 15 minutes per bet. By then I've got bored so I just go for the best one I've found! Kruger wrote:.
I've done quite a bit of match betting myself, and I would not want the responsibility of someone elses bets, sometimes matching the odds can be easy, only taking a couple of minutes, sometimes you can spend a couple of hours looking for something close, without wanting to sound harsh, YOU really need to read and understand the concept, devote the necessary time etc before asking others to advise.
Lewisc wrote:. I've read through the guide over and over again, tried writing it down, working it out as I go along, working with real examples, and I just can't get my head around it. Perhaps I'd pick it up better in practice, but would need a guiding hand to show me which bets to practice on first!
DontDoDebtKids Forumite posts. Could I suggest something before people start giving away all their profits? If you want really good advice on matched betting, try the gambling offers loopholes board - those guys REALLY know their stuff and won't charge for being gambling advisors! Download the matched betting spreadsheet from one of the sticky threads and play with it, then ask the guys to check your figures.
Eventually you get your :idea: LBM! Matched betting works because it cancels out the risk of your back bet by betting against yourself at the exact same odds. You are matching your bet. This is where you can make your money. Everyone could match bet, but it does take time when you start. There really is no risk, as you are covering yourself by betting for and against the same scenario. Making a mistake can also cost you money so making sure you do it step by step and slow, no rushing will help stop as many mistakes.
Match betting is not a scam. It may sound to good to be and is understandable as this is how we all, in our heads, work out if something is to good to be true. Match betting does work but like everything you just need to take it slow and make sure you do your research first. This gives you enough time to work out if matched betting is really for you. We use Profit Accumulator as they offer loads of handy guides and walkthroughs.
The system is really easy to use. They list all the offers known in the UK and help you to odds match, meaning you spend less time working out what to bet on and more time making money. If you do this using the hundreds of free bet offers, then you can easily make thousands of tax-free cash!
Sign up to Betfair. Betfair is the only place where you can bet against other people, so this needs to be done first. Remember to check the terms and conditions. Are there any restrictions? Expiry dates? Will you get the free bet back?
Once logged in to your bookie of choice, change the odds to decimals, as this helps you compare them to Betfair. Lay odds can on Betfair are the red boxed, not the blue. Some offers will have terms that state you must pick odds of greater than something. For this example, our odds matcher, Profit Accumulator, says we would lose 11p on this qualifying bet. This then brings up your betting slip. On Betfair, find the same match, and click on the lay odds of 1.
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You can create a digital spreadsheet using a program like Excel. Alternatively, you can download a ready-made spreadsheet from somebody else. Again Profit Accumulator has a free one on offer. So, if you follow the above, all should be fine and dandy. And generally, this is a risk-free way to make money.
Occasionally, sport likes to throw in a surprise here and there and bookies have different rules to measure results. For example, if a tennis player withdraws through injury during a match, some bookies will void the result, whilst others will pay out. So, the bookie with your win bet may just give you your stake back, whilst the exchange where your lay bet sits may take your money. That means one void bet and one loser. The only other issue you may have is by not paying attention. Fortunately, there are ways to minimise your losses in these situations, such as cashing out as soon as possible.
Like most things in life, the more effort you put into matched betting, the more you will get out. Plus, all your winnings are tax-free. It is definitely worth trying out. The money you make from matched betting will never replace a full-time living. The first few months will always be the most lucrative as that is when you use most of the sign-up offers. That is where Profit Accumulator becomes most useful, as they will let you know of any offers you may miss.
Can it? However, there is a potential issue in applying for a mortgage. Banks are not keen to see large amounts of money coming in and out of your current account to bookies. Because of this, I have always used a separate current account for all of my matched betting.
Matched betting is something you can do yourself if you take your time and make sure you know all the potential pitfalls. To get started, it is essential to sign up to an exchange where you can place your lay bets. The best place for this is Betfair and you should get a free bet for joining. They offer a free trial to show how you can make the most of two bookie bonuses.
If you make money which everybody does , you then have the choice to upgrade to the Platinum Membership. Of course, signing up to a new company as well as bookies can be a little worrying. They have been operating since and have had over , paying customers. Or follow this link to find other ways to earn extra. I have gone through streaks where I have backed 10 winners in a row. You could actually make a lot of money.
But it could easily be the other way round and you could end up losing far more than you can afford. If you ever find that you have slipped into gambling and it starting to cause issues, then seek help. Contact Gamcare for advice and support. This is something you will hear quite often. However, this should be very rare. However, from the research I have made, because single bets are made where one person will win and another will lose, it covers the Islamic definition of gambling.
So matched betting is considered haram. This is known as gnoming and is popular as it allows people access to more free bets. The legality and morality around it have always been questionable. If a bookmaker finds you have multiple accounts, expect them to be closed, possibly with money still in your account.
Gubbed or gubbing means that your account at the bookies has been restricted in some way. They will either stop sending you free bets or only allow you to place bets worth pennies. This is different from having your account deleted. This is a tough one. That is just random bets to make you look like a regular gambler. However, the danger is that you could lose any profits you have made. Profit Accumulator offers a free matched betting calculator you can use to work out odds and how much you need to bet.
Notify me of follow-up comments by email. Notify me of new posts by email. This site uses Akismet to reduce spam. Learn how your comment data is processed. Thank you for the information. I would like to have a go at match betting but scared to make that 1st step , is there a way to do a minimum bet and what sort of sports to start with? Many Thanks. Hi Maxine. I would look at companies with a smaller bonus to start with such as Coral. I always use football markets because there are plenty of them and they generally don't move very quickly.
Matched betting is very daunting at the start. It is something you can do by yourself, but if you're not confident, I can't recommend using a company like Profit Accumulator enough. And I used to struggle with money. What Is Matched Betting? Table of Contents. Visit Profit Accumulator. Redalligator Forumite 58 posts. I have also made a lot of money from MB'ing Ironically its probably not the best time to start it, as it is in the off season for football, but there are still offers available.
I am happy to offer any assistance. Its easier then people think to be honest. The biggest advice I could give you Match Betting could make anyone a lot of money, but dont get greedy. Maybe even take a risk every now and again with the odd bet, this is what the bookies are looking for! I'd say definitely give it a go. Even if it gets a bit complicated after a while, just do the sign up offers and you can make a few hundred pounds in no time. I've hardly touched it in the past weeks but the lure of Royal Ascot got me interested again.
Luke, which spreadsheet are you using? Any that I come across are either too complicated to make it worth while or don't work at all. Matched betting is great, providing you pay attention to what you're doing. I've lost out on a few because I didn't check properly what I was doing, still up though. The bigger bankroll you can start with the better.
Seems so difficult to me Could you take this to the actual matched betting forum please - everything is covered there already. Browntoa Forumite, Board Guide