What are the first steps? Seems like Smarkets and Betfair are necessary for laying, can you get shut out with them or are you always ok?
I've bookmarket a few 'start here' blog pages.. I guess I'll go into it slowly.
I just started by doing to free trials at Profit Accumulator. However some good things to do are:
- Create a new email address to use specifically for MBing
- Take a photo of your ID, proof of address, Debit Card (with middle numbers and csv blocked out).
- Create an Excel Spreadsheet with a list of your username/login for different bookies and also to manage where you've deposte/withdrawn from etc. (I also keep a spreadsheet of every bet I've placed and what the offers assosciated to that bet were).
- Open a new bank account to use for your matched betting (so you can keep funds seperate and easily trackable). I haven't done this... wish I did!
Betfair can restrict/gub you and will, most likely do it from their sportsbook or casinos, eventually. They probably wouldn't restrict you from the exchange (or if they did you'd be very unlucky). Smarkets are solely an exchange and wouldn't restrict you... they like matched bettors as we provide liquidity into their site for punters to bet against (they mainly make profits from charging a commission on punters backing bets rather than MB'ers laying bets).
My only other bit of advice would be to start slowly. You can easily start with, say £50 and turn that into a couple hundred £'s in you first month, strictly through no-risk sign up offers. But when I started I rushed a bit and made a couple of mistakes. Perhaps limiting yourself to 1 or 2 sign ups per day would be beneficial.