Matched betting

[cpfc4evandeva]

It's great but I have absolutely no idea how your accounts haven't been closed Elgin? Mine were closed fairly quickly

Still, I made nearly £2k in the end within about 3 months. I would suggest to anyone who can be bothered to put in some time, who is ok with maths and following instrustions, and more importantly to anyone who isn't a gambling addict.

[elgin eagle]

None have been closed mate, but a few have been restricted from doing promotions with. After some early excitement of winning more at the bookies than at the exchange, I discovered that that is not the way to keep them happy. Bloody obvious in hindsight!! Now I match bet everything away using the oddsmonkey scanner which finds arbs (eg red rum at 5.5 at bet365, 5.4 at matchbook), or close matches (5.5 at 365, 5.6 at smarkets). Doing these bets to 'lose' the money to the bookie and 'win' into the exchange account keeps them happy. Plus it appears to anyone scanning your betting history that you aren't just matched betting.

I just sit down with a piece of paper on Saturday mornings and write down the itv races times, then have a column for the betfair sportsbook choices and one for the bet365 choices. Then have 3 windows open, scan the cards and see which looks like the best matches. Place them, lay them, and write them down. Then do the sky bet race (it's structured differently as you know), and also the Ladbrokes one. Try to perm them to give yourself multiple chances in each race. Then it's done.

Then just use your free bets in the evening/next day on close matched high odds events (as the stake part isn't returned with a free bet), and lay them all off to ensure profit at one site or the other. Really doesn't take that long and is enjoyable in a 'virtual fishing' kind of way. Anyway you are 2k up so you clearly know all this already

[Wolfnipplechips]

My head hurts.

[elgin eagle]

Originally Posted by Wolfnipplechips

My head hurts.

Do you have a betfair/smarkets/betdaq/matchbook exchange account where you are the bookie? If so try a bet and lay tonight with low stakes on watford v chelsea. You wont win any money but if you bet £2 on chelsea say at bet365, and lay chelsea (the pink column) at one of the exchanges, for £2, then you will see where the money moves based on the result. If watford win you will be up at 365 and will lose the proportional amount at betfair exchange etc, and if chelsea fail to win, you will lose your stake to bet365 but gain £2 off the punter who takes your lay at betfair.

Its this principle, called a qualifying bet, that we apply every time on promotional races that bookies offer as they are all competing for business, that we find ways to take advantage of in order to try to secure free bets for ourselves. We then repeat the process with the free bet to ensure profit at the bookie or at the exchange. Note that with the free bet though we would choose to bet on watford instead as the bookie doesnt return the stake with any winnings with free bets.

[Louis]

I took up Bet365's free in-play bet on Tottenham v Juventus last night.

The in-play bet lost. Does anyone know if Bet365 still refund losing bets on this offer, as they used to? (No refund yet, after nearly 24 hours).

[elgin eagle]

Originally Posted by Louis

I took up Bet365's free in-play bet on Tottenham v Juventus last night.

The in-play bet lost. Does anyone know if Bet365 still refund losing bets on this offer, as they used to? (No refund yet, after nearly 24 hours).

I would send them a message. They should refund it I think, unless you have been restricted.

[Louis]

I think I've just found the answer ...

To view the link you have to Register or Login

... which is 'NO'

I can't see any mention of losing bets being refunded (as there used to be), so it's safe to say that they are not.

It used to be £50, stake returned on wins, with losing in play bets refunded. It's now (for me, anyway) £5, stake not returned on wins, and losing bets not refunded.

[elgin eagle]

Originally Posted by Louis

I think I've just found the answer ...

To view the link you have to Register or Login

... which is 'NO'

I can't see any mention of losing bets being refunded (as there used to be), so it's safe to say that they are not.

It used to be £50, stake returned on wins, with losing in play bets refunded. It's now (for me, anyway) £5, stake not returned on wins, and losing bets not refunded.

Sounds like you might be stake restricted then. There used to be a way to turn a guaranteed profit of 33 quid on those offers based on 2 bets with 365 on say the home win and an in play on the draw combined with a bet elsewhere on the away win.

[Louis]

Originally Posted by elgin eagle

Sounds like you might be stake restricted then. There used to be a way to turn a guaranteed profit of 33 quid on those offers based on 2 bets with 365 on say the home win and an in play on the draw combined with a bet elsewhere on the away win.

I'm not stake restricted. I believe if you are, you don't receive these offers at all.

[Cletus]

Originally Posted by Louis

I took up Bet365's free in-play bet on Tottenham v Juventus last night.

The in-play bet lost. Does anyone know if Bet365 still refund losing bets on this offer, as they used to? (No refund yet, after nearly 24 hours).

Mine changed a few months ago. I place the first bet as a qualifying bet then the inplay is a free bet token, you tick the box when placing Inplay so no need for refunds anymore

[Louis]

Originally Posted by Cletus

Mine changed a few months ago. I place the first bet as a qualifying bet then the inplay is a free bet token, you tick the box when placing Inplay so no need for refunds anymore

Yes, I know. They used to refund your in-play bet stake if the in-play bet lost. They sent you a message 'We've given you your money back'.

[elgin eagle]

Originally Posted by Louis

Yes, I know. They used to refund your in-play bet stake if the in-play bet lost. They sent you a message 'We've given you your money back'.

That's the same message you get with the feature 4+1 horse races. A goldmine with 2 accounts that is.

Not sure what's happened with the football bet there though.

[Louis]

Originally Posted by elgin eagle

That's the same message you get with the feature 4+1 horse races. A goldmine with 2 accounts that is.

Not sure what's happened with the football bet there though.

I'm now convinced that they on longer refund your stake on the losing bet, because I haven't had a refund, and their offer terms here make no mention of a losing bet stake refund ...

To view the link you have to Register or Login

If anybody knows differently, please tell

[Louis]

I take it you don't do these offers yourself now Elgin?

[elgin eagle]

Originally Posted by Louis

I take it you don't do these offers yourself now Elgin?

No i do mate, but didnt see that one. I used to do it every day as i could average 20-50 profit, which makes for a decent extra income over 30 days, but now i just do it when i can be bothered. Saturdays are easily the best day with all the various itv races you can perm to guarantee profit.

[Louis]

Originally Posted by elgin eagle

No i do mate, but didnt see that one. I used to do it every day as i could average 20-50 profit, which makes for a decent extra income over 30 days, but now i just do it when i can be bothered. Saturdays are easily the best day with all the various itv races you can perm to guarantee profit.

OK

Anyway, Bet365 have definitely scaled their in-play footie offers right back, to the point where I'm sure not sure whether they are worth bothering with.

[elgin eagle]

Originally Posted by Louis

OK

Anyway, Bet365 have definitely scaled their in-play footie offers right back, to the point where I'm sure not sure whether they are worth bothering with.

Yeah sounds like it. It was a great offer but i guess too open to abuse from the matched bettor as it was. Really surprised the 4 + 1 offer has lasted as long as it has.

[elgin eagle]

Lots of free money at Cheltenham this week

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[mart63]

Originally Posted by Louis

I'm now convinced that they on longer refund your stake on the losing bet, because I haven't had a refund, and their offer terms here make no mention of a losing bet stake refund ...

To view the link you have to Register or Login

If anybody knows differently, please tell

The previous offer was a risk free bet.
The current offer is a free bet.

That is why the stake is not returned.

[cantspell]

Originally Posted by elgin eagle

Lots of free money at Cheltenham this week



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