Matched betting- the penny has finally dropped

Annie_Fanny

OK...deep breath...can someone tell me the best thread to go to learn about this matched betting marlarky?

Thanking you!

jessicamb

Annie_Fanny wrote:

OK...deep breath...can someone tell me the best thread to go to learn about this matched betting marlarky?

Thanking you!

:hello:

Do you get this?

I bet £10 on A at 2.0 so I can win £20 or lose £10
I lay £10 on A at 2.0 so I can win £10 or lose £20

If I win I get £20
If I lose I get £20

This is the match

Overall effect is nil - useless with my own money, but with a £10 bonus from a bookmaker I have only spent £10 of my own money on this match and made £10 profit.

It is a simplified mathematical explanation but this is how it works in principle

If so then read the starter thread until it all sinks in.

I would then suggest looking at the latest tip in the no chat just tips page (preferably within a couple of hours of the latest post) and try and replicate it. Dont put down any money - its just useful because somebody has done the hard work already in finding a good match and you can see how it works in practice.

Download the matched spreadsheet from the newbie thread, look at the bookmaker screen and look at the betfair screen (the exchange where you make the second half of the match). Try and follow it through. When you get stuck ask!

Rgc_3

tsharp wrote:

Well, brushing my teeth didn't totally explain it. Try the washing up instead...

:rotfl: by the time i get my head round it ill have brushed me teeth ..washed up and cleaned every house in the street:rotfl:

But on a serious note...i just read the matched betting thread for the first time(never heard of it before i joined this forum)and my head started to hurt trying to unravel it...but im going to persevere and figure this all out:j (with or without cleaning anything:beer:

Rgc_3

ive got a real dumb !!! question on this match betting:rolleyes:

dont you eventually run out of free bet offers(it is a serious question im afraid )

tsharp

One question regarding matched betting:
I'm surprised that the bookies aren't wise to it. They usually close most loopholes once they realise they are not making much out of it.

jessicamb

Rgc wrote:

ive got a real dumb !!! question on this match betting:rolleyes:

dont you eventually run out of free bet offers(it is a serious question im afraid )

In theory yes.

But there are loads out there and new ones come along all the time.

And some bookmakers notice that you haven't used your account in a few months and give you a free bet to try and entice you back.

I'm only a few weeks into it but I think that there is enough out there to keep me going for many months yet.

Dan29

Rgc wrote:

But on a serious note...i just read the matched betting thread for the first time(never heard of it before i joined this forum)and my head started to hurt trying to unravel it...but im going to persevere and figure this all out:j

Yes, the first time is always painful - but read the starter post a few times, ask any questions in the newbie thread, and eventually the penny will drop as it has for Mrs S.

NO ONE understands it straight away!

Dan29

Rgc wrote:

ive got a real dumb !!! question on this match betting:rolleyes:

dont you eventually run out of free bet offers(it is a serious question im afraid )

There's definitely £10,000 out there to be made right now. It'll take you at least a year to do all that and by then new ones will have come along as jessicamb says.

jessicamb

tsharp wrote:

One question regarding matched betting:
I'm surprised that the bookies aren't wise to it. They usually close most loopholes once they realise they are not making much out of it.

True - but to the bookie its not a loophole because they are accepting it as a normal bet. The matching side of it doesnt mean that they are automatically losing anything.

The promotion is there to entice people - and just like the supermarkets there are people who will only buy what is on special offer.

It is perfectly reasonable for you to lose both your qualifying bet and free bet at the bookmakers thus making them money, whilst you still make money from the lay side.

Dan29

tsharp wrote:

One question regarding matched betting:
I'm surprised that the bookies aren't wise to it. They usually close most loopholes once they realise they are not making much out of it.

Once you start doing it you realise one very useful thing:

You often lose money at the bookies!

However you win a similar amount at the betting exchange.

The point is that from a bookie's point of view, if you lose your original £25 of your own money, and then also lose your £25 free bet, they're £25 up. You're also the best part of £25 up. It's a win win situation

Obviously sometimes you win at the bookie but I'm willing to bet(!) they make more than they lose.

EDIT: Beaten to it by Mrs Rabbit