Matched Betting

[DaveB]

Anyone tried it?

Matched Betting

[FiveTimes]

Anyone tried it?

Matched Betting

I looked into it a while back but couldn't be bothered with it.

[Zippy]

Yep,I've made a few quid out of it.

I'd advise sticking to football untill you get the hang of it.

[DaveB]

Yep,I've made a few quid out of it.

I'd advise sticking to football untill you get the hang of it.

That's my thinking atm. Something easy to under stand in terms of matching the odds between bets.

[kandr]

Isn't it just gambling? The bookies are the only winners.

[MrRobin]

Did it once or twice but you quickly run out of offers, and it's not really worth the hassle for the small sums involved.

[DaveB]

Isn't it just gambling? The bookies are the only winners.

No it isn't, that's the point. It's exploiting the bookmakers free bet offers to make money.

[Freamon]

Be 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

[Pondlife]

Anything other then Betfair arbitrage it way too much effort for the return.

I'll have a pop at it on BF if I'm watching the game anyway and I think the odds are too extreme.

[Zippy]

£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.