Matched Betting

southernscouser

msArcher wrote:

Ummm... potentially stupid question, but...

Surely there is a limit to what you can do, eventually you'll run out of bookmakers free offers? Or is there something I've missed? (Like the number of bookmakers offers there are.)

Eventually yes but there are European and American ones to do aswell. There are potentially hundreds if not thousands of bookies out there.

And there's no such thing as a stupid question!

msArcher

Hmmm... now, if I can finish decorating the study and get my home computer back on-line, I may give this a go. The concept seems simple (now that I've got it), just need to find the time...

lotto-dreamer

Originally posted by Dan29

It's just that SS is an egomaniac who has to start his own mini-board

...and very grateful I am too!

Originally quoted by Dan29

I've made over £5,000 and still have a huge great long list of bookies left to do

...and what inspiration...Wow!

Dan29

lotto-dreamer wrote:

...and what inspiration...Wow!

That is true. SS doesn't even do matched betting for the money, he just does it to be like me :rotfl:

jessicamb

Cor blimey SS

I go away to work for a few hours and look at all the posts!

Hello to all newbie matched betters - I'll see you on the other board

southernscouser

Dan29 wrote:

That is true. SS doesn't even do matched betting for the money, he just does it to be like me :rotfl:

So when are you gonn start giving me a list of bookies?

Dan29

southernscouser wrote:

So when are you gonn start giving me a list of bookies?

Coral.co.uk
Totesport.com
Paddy Power.com
Stanjames.com
Sportingodds.com
eurobet.com
bet24.com
winamax
skybet.com
betdirect.net
victorchandler.co.uk
betuk.com
canbet
ladbrokes.com
Boylesports
gamebookers.co.uk
Expekt
WinUnited
Interwetten
Betandwin
Unibet
3bwin
Betking
Gaming Club Sportsbook
Sunderlands
bluesq.com/star
Betsson
betoto
seangraham
Extrabet
Bet365
Betway.com
Winunited
Interwetten
betandwin
centrebet.co.uk
betclic.com
betoddoreven.com
betfred

System

Dan, you should stick your referer codes on there, lots of extra bets

Dan29

13000 wrote:

Dan, you should stick your referer codes on there, lots of extra bets

BAD 13000.

People will have to PM me for them

tomstickland

I think the simplest way to understand laying a bet is to understand that it means you acting as the bookmaker on a bet.

if you place a normal bet at some decimal odds with a certain stake then if you lose you will lose your stake. If you win your total packback will be the odds multiplied by the stake. However, you already paid the bookmaker the stake, so your profit is (odds-1)*stake.

If you lay the same bet then you are the bookmaker. The person backing the bet pays you the stake. If the bet is won by the backer then you have to pay them their winnings, ie: odds x stake. Total payout (odds-1)*stake. If they lose the bet then you collect the stake as profit.

The concept is that you back and lay the same event in order to meet the T&C of a betting offer. ie: Back £10 on the betitng site, lay £10 on the same event on the exchange. You don't win or lose any money doing this.

Next, when they give you a free bet you once again back and lay the same event. Now the magic is that you didn't pay for the bet in the first place. If you win the bet then you make a big profit on the betting site, but you have to pay out the winnings on the betting exchange.

If you lose the bet then you lose nothing because it was free and you get paid the stake on the betting exchange.

So you make a profit close to the stake value whatever happens.