Originally posted by Zippy
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Matched Betting
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Originally posted by Zippy View Post£25 for placing a couple of bets seems easy to me and well worth the effort.
And try to arrange it so you lose at the bookies.
There seems to be a decent amount of free bet offers around at any one time to take advantage of.
Loosing at the bookies is the trick I haven't twigged yet. Any suggestions."Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.Comment
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Originally posted by Pondlife View PostWhen you look at it in £/hr you end up better off with a paper round."Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.Comment
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Originally posted by DaveB View PostIt only takes 10 minutes or so to do, so the hourly rate is actually pretty good.Comment
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Originally posted by DaveB View PostIt only takes 10 minutes or so to do, so the hourly rate is actually pretty good.
Old housemate of mine used to be obsessed with it. He would be up all hours trying to match bets on tennis, footy etc all over the world.
In the morning he'd look like sh!te and tell me about hi £6.70 winnings, which as he put it was "about a tenner if it was taxed earnings"
It's a good idea on paper but not worth the effort IMHO. Not trying to whizz on your cornflakes and as I said, things may have changed.Comment
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Originally posted by Freamon View PostBe very careful - make sure you stick to matched bets and do some serious research before moving onto any other strategies.
As an example of what can go wrong, here's an MSE thread from 2007 where they decided to start playing the overround on the First Goalscorer market for an Arsenal Chelsea game. You can see about pg 3-4 of the thread where the realisation slowly sinks in that, since not all the players in the market started the game, some of their lay bets would be cancelled, leaving them unhedged and in for thousands of pounds worth of losses:
Overround Thread - Does Not Work!!! Ignore - MoneySavingExpert.com Forums
And here is the "so, how much did you lose?" thread:
How much did you lose today on the Dutching Fiasco - MoneySavingExpert.com Forums
It wasn't anything to do with matched betting though, it was a bunch of numpties thinking they were taking advantage of the overround but infact they didn't understand the non-starter rule.It's about time I changed this sig...Comment
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Originally posted by Pondlife View PostMaybe things have changed...
Old housemate of mine used to be obsessed with it. He would be up all hours trying to match bets on tennis, footy etc all over the world.
In the morning he'd look like sh!te and tell me about hi £6.70 winnings, which as he put it was "about a tenner if it was taxed earnings"
It's a good idea on paper but not worth the effort IMHO. Not trying to whizz on your cornflakes and as I said, things may have changed."Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.Comment
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Originally posted by MrRobin View PostJust read through those two threads... very entertaining, in a schadenfreude sort of way.
It wasn't anything to do with matched betting though, it was a bunch of numpties thinking they were taking advantage of the overround but infact they didn't understand the non-starter rule."A life, Jimmy, you know what that is? It’s the s*** that happens while you’re waiting for moments that never come." -- Lester FreamonComment
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Be aware that some bookies do not release the sign-up bonus until you've bet a set amount through them, even if the bonus becomes part of a winning bet.
So if your bonus is £20, you put £20 in yourself and then win at 2/1, you'll only be able to collect £60 - the bonus won't be freed until you've put something like £200 worth of bets through them.
Obviously it's not an issue if you win on the matched account, but it's a bit of a pain if not.Qdos Contractor - IR35 expertsComment
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Originally posted by Qdos Consulting View PostBe aware that some bookies do not release the sign-up bonus until you've bet a set amount through them, even if the bonus becomes part of a winning bet.
So if your bonus is £20, you put £20 in yourself and then win at 2/1, you'll only be able to collect £60 - the bonus won't be freed until you've put something like £200 worth of bets through them.
Obviously it's not an issue if you win on the matched account, but it's a bit of a pain if not."Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.Comment
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