Matched Betting

smiler26

Hi everyone,

Can somone please explain to me how matched betting works?

I can't figure it out, so any advice would be great!

Fiona

Sammz

There is a whole thread dedicated to it in the Gambling Loopholes forum.

I'm getting started with it this week

mizmir

Try this Starter Guide for an explanation of the basics and some examples - then ask any questions you have on the newbie thread - people are really helpful! a good idea once you think you have got the hang of it is to try a dry run without actually placing bets - but find the matching odds at the bookies and Betfair and post your selection for comment on the newbie thread - you can then iron out any misunderstandings before you use money!

It is well worth getting the hang of. I started on 13th January and have made £190 + about £75 in cash back.

Crown

I also am interested in Matched Betting and have been following the threads on that forum.

My problem is that I dont really want gambling showing up on my credit report as I have lost money before by "mug betting" trying to get myself out of a debt and making a bad case worse.

Also I do not have a debit card and only one credit card that would charge £3 a tranaction.

Anyone who wants to try it should make sure they dont get involved with ANY cash they cant afford to loose. although in principle it looks surefire things could always go wrong and it worries me that there are some desperate people on here .

good luck

mizmir

Gambling won't show up on your credit report - the transactions you make on a card don't - though granted if you need to supply bank statements etc say for a mortgage you may not want this. Many people therefore open a separate bank account for matched betting.

Certainly a debit card is important as many bookies charge for credit card transactions.

I agree that you should not assume it is risk free. There is no risk in theory but in practice we are all human and make mistakes. I made one yesterday by breaking one of the "golden rules" though managed to sort it out for a £6 (though I made £38 profit on the free bet - so in fact my profit was reduced to £32 rather than any real loss). We are also sometimes not as fast moving as the odds so a match that we think we are making may have disappeared in the seconds it takes us to place both bets. Bookies sometimes also prove to be unreliable and may refuse to pay the promised free bonus. However most mistakes if they happen can be covered to minimise significant loss and people on the boards here are really good in that regard. But my suggestion to anyone wanting to do this is to start small and take your time. You will see signatures of people who have made thousands out of this and may be tempted to run before you can walk. Most of those with that sort of level are also arbing which involves investing large sums. Personally I am aiming for about £200 a month to help with my Olympic Challenge - and am sticking to mainstream bookies and the offers that require less investment to make a profit. There are plenty about and I make sure my exposure is not such that if it went horribly wrong I would be in trouble. I absolutely agree with crown on that.