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  • Matched Betting

    Anyone else done this? I started a few months back after reading the following guide:

    http://www.savethestudent.org/make-m...d-betting.html

    I'm now 860 quid up. While I won't be quitting the day job it keeps me in beer money. It's not really betting as such, more using the betfair exchange to lay a bet whilst simultaneously using different bookies freebets to generate profits. It can be pretty relaxing watching a game knowing you are going to be 20 up at the end regardless of the result!

    I'm interested to see if other nobbers are taking this approach to gambling and perhaps share reload offers on here once we've exhausted the bookies intro offers? I'm nearly out of bookies!

    Here's a few tips if you are interested
    1) careful, careful, careful. One mistake, one bet that doesn't go through can wipe out your float. I still check my bets twice to make sure they have been placed on both the exchange and the bookie site
    2) the guide features a calculator but I would just scroll down and use the 'manual calculator's and put your odds in yourself
    3) keep a spreadsheet of your profits/losses/passwords/games bet on
    4) try to get the 'backing bet' with the bookie to be a losing bet as it's far easier to withdraw cash from the betfair exchange (the money you take is money off other punters so betfair don't get arsey like bookies can with big wins.)
    Last edited by Durutti; 04-11-2016, 02:27 PM.

  • #2
    Have any of your bookie accounts been restricted through doing this? Is it not essentially arbing or are you only using promotional offers?

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    • #3
      Originally posted by healey View Post
      Have any of your bookie accounts been restricted through doing this? Is it not essentially arbing or are you only using promotional offers?
      Matched betting can be either - but both will result in accounts getting either restricted or offers withdrawn if you're not careful. There are some bookies that will clamp down very quickly (BoyleSports, Betfair Sportsbook for example) but others are a bit more forgiving (365 and Coral for example).

      One thing I want would say is do not pay for subscriptions to matched betting sites, or if you do then only do it for a short period. There are free sites available that help (one on Money Saving Expert in particular but also Matched Betting Blog) and you end up paying nearly 20 a month for information that is mostly available elsewhere.

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      • #4
        Originally posted by healey View Post
        Have any of your bookie accounts been restricted through doing this? Is it not essentially arbing or are you only using promotional offers?
        No accounts have been restricted. I often 'lose' on the bookie bet anyway and try to get my betfair lay to be the winning bet. Why would a bookie restrict a punter who seems to be placing a couple of bets on their site, losing, then walking away?

        If anything my inbox is always inundated with reload offers from the bookies offering me more freebets.

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        • #5
          [QUOTE=wld;2339539]Matched betting can be either - but both will result in accounts getting either restricted or offers withdrawn if you're not careful. There are some bookies that will clamp down very quickly (BoyleSports, Betfair Sportsbook for example) but others are a bit more forgiving (365 and Coral for example).

          One thing I want would say is do not pay for subscriptions to matched betting sites, or if you do then only do it for a short period. There are free sites available that help (one on Money Saving Expert in particular but also Matched Betting Blog) and you end up paying nearly 20 a month for information that is mostly available elsewhere.[/QUOTE

          I'd agree that betfair sports book is one to avoid as they will be able to see you are backing all eventualities. How could another bookmaker know you've laid their bet on the betfair exchange though?

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          • #6
            [QUOTE=Durutti;2340032]
            Originally posted by wld View Post
            Matched betting can be either - but both will result in accounts getting either restricted or offers withdrawn if you're not careful. There are some bookies that will clamp down very quickly (BoyleSports, Betfair Sportsbook for example) but others are a bit more forgiving (365 and Coral for example).

            One thing I want would say is do not pay for subscriptions to matched betting sites, or if you do then only do it for a short period. There are free sites available that help (one on Money Saving Expert in particular but also Matched Betting Blog) and you end up paying nearly 20 a month for information that is mostly available elsewhere.[/QUOTE

            I'd agree that betfair sports book is one to avoid as they will be able to see you are backing all eventualities. How could another bookmaker know you've laid their bet on the betfair exchange though?
            They won't, but your activity will be similar to other accounts who are noted to be non-profitable.

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            • #7
              If you're using Betfair Sportsbook you need an account at SMarkets - does the same thing as the Betfair Exchange but on a smaller scale and with less commission.

              Worth noting that Paddy Power is owned by the same people as Betfair - so don't lay any Paddy bets on Betfair.

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              • #8
                Originally posted by wld View Post
                If you're using Betfair Sportsbook you need an account at SMarkets - does the same thing as the Betfair Exchange but on a smaller scale and with less commission.

                Worth noting that Paddy Power is owned by the same people as Betfair - so don't lay any Paddy bets on Betfair.
                Good tip. I already waxed my PP bonus a few years back.

                I've used a ton of bookies: from the big names like William Hill to the more down market ones like redbet and had no real issues. The first time you go through 'verification procedures' it can seem weird but lots of them do it

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                • #9
                  Extract below is from the Times. Really quite shocking.

                  (Incidentally, they never had to ask me for ID when I was gambling…)

                  Mr Chappell described dozens of cases where winning customers were denied payouts or had their betting restricted. “Customers who show any skill or talent are often restricted to 5p or 10p bets to stop them making any money,” he said. “Odds are sometimes reduced on a winning horse after the race has finished. In one case we fought, a customer was paid 1,600 rather than 2,700 on a winning bet after the bookie refused to honour the odds promised. The terms and conditions apparently allow that, but how can it be fair?”

                  He said that bookmakers sometimes used the excuse of money laundering checks to stop or slow the withdrawal of winnings. “Often if a winning punter wants to withdraw money they will demand to see his ID, for example, by asking him to send a picture next to a passport, but then they will say the details came through incomplete or the picture was fuzzy, forcing the customer to jump through hoop after hoop to get their cash. They never make such rigorous checks when you are losing money,” he said.

                  “In one case, a bookie refused to pay 35,000 won in an online casino on a lucky day. They dressed it up as social responsibility by asking questions about who was funding the account, even though they never asked those questions when the punter was losing money. It’s double standards.”

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                  • #10
                    Originally posted by Ohnotagain View Post
                    Extract below is from the Times. Really quite shocking.

                    (Incidentally, they never had to ask me for ID when I was gambling…)

                    Mr Chappell described dozens of cases where winning customers were denied payouts or had their betting restricted. “Customers who show any skill or talent are often restricted to 5p or 10p bets to stop them making any money,” he said. “Odds are sometimes reduced on a winning horse after the race has finished. In one case we fought, a customer was paid 1,600 rather than 2,700 on a winning bet after the bookie refused to honour the odds promised. The terms and conditions apparently allow that, but how can it be fair?”

                    He said that bookmakers sometimes used the excuse of money laundering checks to stop or slow the withdrawal of winnings. “Often if a winning punter wants to withdraw money they will demand to see his ID, for example, by asking him to send a picture next to a passport, but then they will say the details came through incomplete or the picture was fuzzy, forcing the customer to jump through hoop after hoop to get their cash. They never make such rigorous checks when you are losing money,” he said.

                    “In one case, a bookie refused to pay 35,000 won in an online casino on a lucky day. They dressed it up as social responsibility by asking questions about who was funding the account, even though they never asked those questions when the punter was losing money. It’s double standards.”
                    I had this with redbet. When trying to withdraw 880 quid from my account with them they wanted to see three documents. Took me about a week before the withdrawal got approved. At the end of the day they did pay me back in full though.

                    The industry is currently being investigated for a number of issues like those highlighted. Will be interesting to see the outcome

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                    • #11
                      I have had accounts at numerous bookies and only been asked for ID proof by two - netbet and betway. They should be able to obtain plentiful information re money laundering from the information you give them when signing up.

                      If they're going to ask for ID, they should be forced to do so when you sign up.

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                      • #12
                        Yea made 6k since starting in August. Im in a fb group which helps greatly and obviously Oddsmonkey . This month I'm 500 up already so hoping for a, 2 k month .Best offer for me is 2 up and 14 up. Gubbed by Betway ,MoPlay and Lads so far .Yea anybody want to make money it's great .

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                        • #13
                          Originally posted by Ohnotagain View Post
                          Extract below is from the Times. Really quite shocking.

                          (Incidentally, they never had to ask me for ID when I was gambling…)

                          Mr Chappell described dozens of cases where winning customers were denied payouts or had their betting restricted. “Customers who show any skill or talent are often restricted to 5p or 10p bets to stop them making any money,” he said. “Odds are sometimes reduced on a winning horse after no deposit free spins nz. In one case we fought, a customer was paid 1,600 rather than 2,700 on a winning bet after the bookie refused to honour the odds promised. The terms and conditions apparently allow that, but how can it be fair?”

                          He said that bookmakers sometimes used the excuse of money laundering checks to stop or slow the withdrawal of winnings. “Often if a winning punter wants to withdraw money they will demand to see his ID, for example, by asking him to send a picture next to a passport, but then they will say the details came through incomplete or the picture was fuzzy, forcing the customer to jump through hoop after hoop to get their cash. They never make such rigorous checks when you are losing money,” he said.

                          “In one case, a bookie refused to pay 35,000 won in an online casino on a lucky day. They dressed it up as social responsibility by asking questions about who was funding the account, even though they never asked those questions when the punter was losing money. It’s double standards.”
                          Well, I played here 3 months ago...
                          When I wanted to withdraw my funds, they have required my ID. I send it, they took about 3 weeks to answer me.
                          I am still waiting my money.

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                          • #14
                            Originally posted by Sensin View Post

                            Well, I played here 3 months ago...
                            When I wanted to withdraw my funds, they have required my ID. I send it, they took about 3 weeks to answer me.
                            I am still waiting my money.
                            Keep sending them emails demanding they pay you, they will hope you give up. Tell them you have consulted your solicitor and he has recommended you take the case to a small claims court .
                            Be persistent ,keep a record of everything the law is on your side.

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