Author Topic: Matched betting?  (Read 1509 times)

jade

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Matched betting?
« on: May 15, 2018, 07:27:22 AM »
hi all,

I have been toying with the idea of trying matched betting. Profit accumulator is mentioned a lot as a way to get started. Anyone have any experience or feedback on MB and PA?

Cheers!

highlandterrier

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Re: Matched betting?
« Reply #1 on: May 15, 2018, 09:37:55 AM »
I did mb for years, (I even ran a related website for a while). Very profitable then but much more limited now due to the offers being much poorer after the initial online land grab. More value in using bricks and mortar bookies nowadays apparently.

You need to become an expert in reading the small print.

Best resource to start back then was the MSE forums, worth a read.

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ExitViaTheCashRamp

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Re: Matched betting?
« Reply #2 on: May 15, 2018, 10:14:49 AM »
I started MB in Sep '2016, made very nearly £9,500 so far with PA as my guide.

 Football is the most consistent form of offer/boosts (where you make your risk-free money). With the Premier league season just ending, things will be quiet for the next few months - perhaps the World cup will through up a bit - but expect July to be limiting.

 The casino offers can be really profitable, they are mathmatically in your favour if you pick the right ones (known as positive estimated value) but does of course come with risk of loss... and addiction.

 Be aware though - whilst sports betting is risk free money -- it is not time free money. It does require an investment of time, especially when starting out. The upside is, there is an easy £1k from the sign up bonuses.

frugledoc

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Re: Matched betting?
« Reply #3 on: May 15, 2018, 02:45:58 PM »
Go through the intial offers on all the sites.  Easy 800 quid. After that it's too boring to continue.

I got banned from a few big websites and I was only doing an occasional bet. No idea how others don't get banned.

Manchester

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Re: Matched betting?
« Reply #4 on: May 16, 2018, 03:00:08 AM »
Hi Jade, i'm quite interested in doing this as well.  I've had a look at signing up on profit accumulator and it asks me for a 'referral ID' - presumably it rewards someone with a cash incentive.

If you're happy to share it, let me know your username and I'll enter you in this field so you get the referral reward? 

jade

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Re: Matched betting?
« Reply #5 on: May 16, 2018, 04:54:16 AM »
thanks for all the replies. :)

highlandterrier - I did wonder about the small print and having to double double check to ensure you didn't lose money. I saw some MSE forum's on it so will check them out - thanks.

ExitViaTheCashRamp - good work! appreciate the info.

frugledoc - that's interesting. Could be a way to make a lump sum.

Manchester - that's kind of you, I'll let you know if I do.  (probably won't be for a few wks if so).



ExitViaTheCashRamp

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Re: Matched betting?
« Reply #6 on: May 16, 2018, 05:44:29 AM »
One thing I forgot, PA has links to sign up with the bookies to make things easier for you... however don't blindly use them. Get yourself a cashback account with Topcashback or Quidco or similar as these sites get a kickback for 'introducing' you to the bookies -- and will give you a cut of it. I've gained an additional £200 this way. Takes a while for the kickback to arrive in your account... but it's more free money.

jade

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Re: Matched betting?
« Reply #7 on: May 16, 2018, 05:48:44 AM »
thanks ExitViaTheCashRamp - that's v useful!

highlandterrier

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Re: Matched betting?
« Reply #8 on: May 16, 2018, 06:19:40 AM »
ExitViaTheCashRamp - well done, a great feeling when you know you can earn money from thin air independently.

Out of interest where is the EV nowadays after sign up offers?  The generous reloads have gone, and the occasional goalscorer boast or individual match boost are for small amounts. Is a good proportion straight up arbs ?

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dutty

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Re: Matched betting?
« Reply #9 on: May 16, 2018, 07:48:05 AM »
It's absolutely worth a crack even just for a few months. If you pay close attention and devour as much of the free information out there, you might even work out a little niche for yourself.

jade

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Re: Matched betting?
« Reply #10 on: May 16, 2018, 07:52:57 AM »
thanks Dutty.

Manchester

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Re: Matched betting?
« Reply #11 on: June 04, 2018, 03:52:36 AM »
So I created a profit accumulator account and have decided to give it a bit of a go.  I'm going to try and practice over the next few days before the world cup comes on.  Already made one school boy error and I'm officially down by 50p. :')


They're running an offer where you can sign up for 3 days for £1 to try it.  If you fancy it, I'd appreciate if you could use my referral code so I get £20. :)

301221

https://www.profitaccumulator.co.uk

Manchester

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Re: Matched betting?
« Reply #12 on: June 06, 2018, 04:23:02 PM »
Thought I'd update you all on how I've done so far.  I've placed 11 bets and made a profit of £50.  My deposits have added up to £127.50.  I've withdrawn £73.50 and the remainder is in 3 different bookies accounts (one I'll withdraw tomorrow).  I'm struggling with the liability, because I only put £60 in the exchange account, I've found I can only really put one bet on at a time.  In hindsight I'd have put a little bit more into it to start (maybe £200) and just gone for it.  Overall I'm happy with it so far.  I'm going on holiday at the end of the month, so I'll be buzzing if it earns enough to pay that off!  my target is £1k over 2 months.

poppydog

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Re: Matched betting?
« Reply #13 on: June 06, 2018, 05:17:09 PM »
Sorry to chip in here negatively. I have family experience of betting and gambling destroying lives.  I wouldn’t touch this subject with a barge pole. 

Each to his own, but there has to be a better way to construct a side hustle.

Manchester

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Re: Matched betting?
« Reply #14 on: June 07, 2018, 04:31:02 AM »
I'm sorry to hear about your family experience @poppydog  I'm not a big gambler either (although I do enjoy playing poker every now and again).  The point with matched betting is that it's completely risk free.  Although you're using gambling sites, you're not technically gambling because there is a guaranteed outcome (no risk of losing money).

SpreadsheetMan

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Re: Matched betting?
« Reply #15 on: June 07, 2018, 06:14:15 AM »
I'm sorry to hear about your family experience @poppydog  I'm not a big gambler either (although I do enjoy playing poker every now and again).  The point with matched betting is that it's completely risk free.  Although you're using gambling sites, you're not technically gambling because there is a guaranteed outcome (no risk of losing money).

Yes, "free offer bagging" is probably a better description of what is (mostly) going on. It's a load of tedious and time-consuming admin trying not to make mistakes (i.e. by making a real bet) and dodging the bookie's AI trying to catch MB patterns as far as I have seen.

My problem with it philosophically is that I find the gambling industry both sleazy and tawdry, so it's unpleasant to go anywhere near it even with a guaranteed profit at the end. Yuk.

ExitViaTheCashRamp

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Re: Matched betting?
« Reply #16 on: June 09, 2018, 02:27:06 AM »
Although you're using gambling sites, you're not technically gambling because there is a guaranteed outcome (no risk of losing money).

 Addiction is an awful thing and it catches matched betters too - usually via the casino offers.

Manchester

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Re: Matched betting?
« Reply #17 on: June 09, 2018, 05:40:14 PM »
Although you're using gambling sites, you're not technically gambling because there is a guaranteed outcome (no risk of losing money).

 Addiction is an awful thing and it catches matched betters too - usually via the casino offers.

I imagine there are a few people who've been caught up in addiction and been introduced to gambling through matched betting.  I personally don't think it will be an issue for myself.  There is an option to hide any 'risky' offers within profit accumulator, focusing on Casino offers which are more likely to get people hooked. 

If someone who's reading this has an addictive personality, then stay away.  If you can handle it, I'd recommend it so far.

Manchester

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Re: Matched betting?
« Reply #18 on: June 09, 2018, 06:15:01 PM »
Here's a short summary from my first week within matched betting.

PLEASE BARE IN MIND THIS POST IS SIMPLY TO LOG MY PROGRESS AND TO GIVE A PERSONAL OPINION ON THE PRO'S AND CON'S OF MATCHED BETTING IN GENERAL. 

Betting accounts opened: 13
Amount deposited: £370.49*
Amount Withdrawn: £353.13
Current Balance on betting accounts: 95.45
Number of Live bets: 2
Guaranteed profit from live bets: £48.60
Time invested: 9 hours
Overall profit/(loss): £126.69
£/hour: £14.08

*This includes £18.99 I've paid for a profit accumulator account (£1 three day trial + £17.99 monthly membership).
 
Positives/Negatives:

+ Easy enough concept to grasp.  Training videos etc make it dummy proof.
+ Other than my initial deposits into betting accounts, it doesn't require much to get going.  I already had a laptop and internet connection.
+ Anyone (with some spare cash) can do it.  Don't need to be fit or have much free time.
+ Looking through the forums, there clearly are a lot of people earning over £1k per month from this.  Some people have made £20k+ within a couple of years.  This is a positive because it has reassured me that it's not a con. 

- Bookies take deposits instantly, but only credit your withdrawals after 3/5 working days.  NOT GOOD FOR CASH FLOW IF YOU'RE EXPECTING BILLS GOING OUT.
- Seems a bit slow at first.  You'll learn about liability if you get into matched betting (M/B).  Basically, because I didn't want to dump a ton of money (£1k+) into M/B, I have to wait for one bet to finish, then I can place another.  This should reduce as my accounts grow, but I'm sacrificing higher profits in order to pick events that happen sooner, in order to get more bets in per day and make more money.
-There's a very negative perception of bookies, so people assume you're doing something either illegal or risky.  Get's annoying explaining to everyone that it isn't illegal, nor risky.

Anyone who's debating doing it, I'd recommend trying the free offers and deciding if it's for you after that point.

dutty

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Re: Matched betting?
« Reply #19 on: June 10, 2018, 06:53:18 AM »
As you've mentioned it's 100% risk free so if I were you I would add more cash to your exchange. Theres no reason to have £500 in the bank when it can be working for you outside of it.

Roland of Gilead

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Re: Matched betting?
« Reply #20 on: June 10, 2018, 08:08:36 AM »
Having never heard of matched betting I am guessing that the strategy here is to make a win/loss bet on different gambling websites and your profit comes from some bonus offers they give you for placing a bet?

That is pretty genius but I think illegal here in the states.

ExitViaTheCashRamp

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Re: Matched betting?
« Reply #21 on: June 10, 2018, 11:32:27 AM »
Having never heard of matched betting I am guessing that the strategy here is to make a win/loss bet on different gambling websites and your profit comes from some bonus offers they give you for placing a bet?

That is pretty genius but I think illegal here in the states.

 More or less, yes :) The profit comes from free bets (i.e. that they give you a token to make a bet, if it wins - then they pay out in cash, if it loses - then your 'lay' bet wins in a betting exchange -- ensures profit either way). Sometimes to get market share or other promotion, bookies offer above odds -- e.g.   "Hey ! Bet with us today as we are boosting the odds of Brazil to win the world cup !"   You then bet with the bookie on the enhanced odds, and bet Brazil won't win on the exchange at the standard odds -- ensures profit again.

Manchester

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Re: Matched betting?
« Reply #22 on: June 15, 2018, 09:16:09 AM »
As you've mentioned it's 100% risk free so if I were you I would add more cash to your exchange. Theres no reason to have £500 in the bank when it can be working for you outside of it.

I'd love to add more to the exchange, but financially I'll need to wait until next payday.  I've moved up to having around £175 in my exchange account, which seems to be enough for the bets I'm doing right now.  This has grown organically from placing bets.

Having never heard of matched betting I am guessing that the strategy here is to make a win/loss bet on different gambling websites and your profit comes from some bonus offers they give you for placing a bet?

That is pretty genius but I think illegal here in the states.

That's it.  There's also casino bonuses, where you deposit a certain amount of money to get free spins/credit.  Some aren't risk free, but most have such a low risk that they're worth doing.  So far I've made around £20 profit from £40 deposited.  The best part is that any winnings (whether gambled on sport or casino) are completely tax free. 







If anyone's still interested in my progress, I'd say the money is snowballing.  I've not had as much time to put into this through the week.  Here's some info:


- Deposited: £598.49
- Withdrawn: £582.54
- Current balance with bookmakers: 251.63
- Profit actual: £235.68

So I'm making pretty good money off it.  Most of this is prior to the world cup being on and with low funds.  I reckon I could make that per week whilst the world cup is on now. 

Can't recommend it enough.  If you're on the fence, get off and try the free offers! 



Manchester

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Re: Matched betting?
« Reply #23 on: June 25, 2018, 06:32:49 AM »
So I've got another update after 3 full weeks of MB'ing:

- Deposited: (£793.49)
- Withdrawn: £841.74
- Current Balance With Bookmakers: £362.93
- Profit Actual: £332.38

ExitViaTheCashRamp

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Re: Matched betting?
« Reply #24 on: June 25, 2018, 07:56:01 AM »
I am about 100 miles from the most skilled & dedicated matched bettors, but thought would mention this by way of example of what can be done:

June Profits: £772.37, I expect to pull in at least another £100 before the month is out. The best deal was from Betsafe which netted me £50 in under 4 minutes !

 The really serious MB folk will have picked up a couple thousand. The World cup has been astonishingly profitable.