Matched betting forum - who?

robatwork

Never even looked at it, but before I dip my toe in, does anyone who posts in this forum "do" a bit of matched betting now and again or regularly?

(Ronaldo Mcdonaldo and moneysavinglog I already know about from the daytrading thread)

MoneySaverLog

I don't do matched betting ;-)

Might be best asking that here
http://forums.moneysavingexpert.com/forumdisplay.php?f=41

Sampong

MoneySaverLog wrote: »

I don't do matched betting ;-)

Neither do I ;-)

innovate

IMO it's the MSE board with the largest profit-making potential by a country mile. You have to be prepared to invest a lot of your time though, and there's a finite amount of money you can make from it. 'nuff said.

cepheus

I tried matched betting about 5 years ago. Going through all the conventional bookies was good for about a thousand quid, (far more with big US companies I didn't risk) but you have to be careful to match up the bets by the correct amount, or you can lose out. Yes it takes a bit of time as well.

Strictly speaking it's the free bets which bookies offer first timers which provide the value. Matching the other side of the bet always guarantees the pair of bets are profitable as a whole. Of course bookies only only offer free bets because they think punters are enough stupid enough to carry on betting in the normal way.

latecomer

I looked at it for a while and was going to do it but OH wasn't keen on the idea of it so I didn't bother in the end. Far better to have a peace at home than a couple of extra £ in the bank.

Well worth a look though if you have the time and patience. Do lots of reading first through.

nicknameless

Has been a 'hobby' of mine for just shy of 2 years.

You need to be organised (record keeping), have a reasonable grasp of numbers, and I think ideally have a fondness for sports and wagering. I say the latter not because you would be 'gambling' but because if you actually enjoy those two things, the investment of time needed to separate bookies from their profits doesn't become a chore.

I use this for pocket money so that I can indulge other cash consuming hobbies without diverting investment and retirement funds! I hit another profit landmark at the weekend which was nice.

nicknameless

latecomer wrote: »

I looked at it for a while and was going to do it but OH wasn't keen on the idea of it so I didn't bother in the end. Far better to have a peace at home than a couple of extra £ in the bank.

Well worth a look though if you have the time and patience. Do lots of reading first through.

I find if you show your OH the profits spreadsheet such concerns rapidly turn into consumerist glee.

Seriously though, just not sure why any partner would be concerned?

innovate

nicknameless wrote: »

Seriously though, just not sure why any partner would be concerned?

Could be a multitude of reasons, from pigheadedness and ignorance to traumatic experience with gambling. Even though matched betting isn't gambling if done properly, it's that 'if' that may be is difficult to handle for some, and they slip into gambling.

I would agree that, bottom line, it's not anything to get into if your partner is seriously unhappy with it.

ChopperST

I do a bit. A really useful site to joint is Bet365.

For big games they offer a free £50 inplay bet if you stake £50 before the game kicks off. If your inplay bet loses they refund you the £50. Therefore if you are not greedy you can win without risk.

The system works as follows.

Say Man Utd play Chelsea.

You stake £50 before the game on either team to win (double chance).
Which is usually 1/5.
In play you then bet on the draw which is usually around 3/1.

If Man U or Chelsea win you win a tenner as your inplay bet gets refunded.
However if its a draw you win £100 as your first bet loses but your inplay bet winds you £150, clearing £100.

This happened in the Man Utd v Real Madrid game this season at odds of 3.5/1 and netted a tidy profit.

nicknameless

ChopperST wrote: »

I do a bit. A really useful site to joint is Bet365.

For big games they offer a free £50 inplay bet if you stake £50 before the game kicks off. If your inplay bet loses they refund you the £50. Therefore if you are not greedy you can win without risk.

The system works as follows.

Say Man Utd play Chelsea.

You stake £50 before the game on either team to win (double chance).
Which is usually 1/5.
In play you then bet on the draw which is usually around 3/1.

If Man U or Chelsea win you win a tenner as your inplay bet gets refunded.
However if its a draw you win £100 as your first bet loses but your inplay bet winds you £150, clearing £100.

This happened in the Man Utd v Real Madrid game this season at odds of 3.5/1 and netted a tidy profit.

Not the thread for discussion of this but that is not a 'matched betting' approach to this particular offer. By implication of the term, profit is equalised regardless of outcome, which depending on odds is usually £35-£40 for this particular offer.