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Random_poker_player
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PostPosted: Fri Oct 11, 2013 11:15 am
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Hi mate. Just a quick one

Do you know much about matched betting? I've heard some good things about it but would like to hear from somebody else, if you know anything?
peterH
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PostPosted: Fri Oct 11, 2013 11:30 am
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I'm currently running matched betting to relieve bookies of their sign up bonuses, if that's what you mean?
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Random_poker_player
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PostPosted: Fri Oct 11, 2013 11:42 am
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Yeah that's exactly what I mean.

How far into it are you? I'm in Australia at the minute and they have ridiculous sign up offers, $300 $400 $500!
If I'm right though, I would need a few thousand in my bet fair account to cover the lay?

Did you start with the small ones?
TheBlueBoy
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PostPosted: Fri Oct 11, 2013 11:45 am
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Just make sure that there's liquidity on betfair for your lays. (and yes, a few bags may be required) Always check the T&Cs as you don't wanna be stuck with a massive downside.
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Grumbledook
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PostPosted: Fri Oct 11, 2013 11:45 am
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think it would be more helpful to you and everyone else if you asked about matched betting in the thread title

someone who knows a lot about it may not click on a thread aimed solely at brodders ;]
Random_poker_player
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PostPosted: Fri Oct 11, 2013 11:51 am
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Thanks grumble, yeah I should have. I wasn't sure who to aim it at and knew that Brodders was into the old betting game Smile

If I'm right, it's better to lose the free bet when backing isn't it? Beau use then you have the money straight away in the lay account?
peterH
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PostPosted: Fri Oct 11, 2013 12:02 pm
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Random_poker_player wrote:
Yeah that's exactly what I mean.

How far into it are you? I'm in Australia at the minute and they have ridiculous sign up offers, $300 $400 $500!

Did you start with the small ones?


Yep, started on Monday, 200 seed money, so far the bookies have given me 46 in free money. There's around 2000 out there to be had, virtually risk free if you understand what you're doing and follow all the requirements to meet the criteria needed to trigger the free money.

Most of the time you're just waiting around, the bet i placed on Tuesday is for tonights England game.

More seed money means you can place concurrent bets and run it faster, but just be careful and make sure you know the difference between stake not returned and stake returned bets, for example. There are sites that will calculate the best bet for you.

I'll probably make about 700 the way i'm running it, before I bottle it. Even though it's risk free, there's one bonus that takes 2x 1200 bets to achieve, and I doubt I can do that!
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Random_poker_player
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PostPosted: Fri Oct 11, 2013 12:11 pm
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Yeah I heard there are sites that actually tell what to bet. They take into consideration whether it's Snr or the stake is returned, what odds to place etc.
How long do you think it will take you to clear all of the bonus's?
I have around 1500 to start. Would you say I could clear the bonus's in a week/10 days.
Sorry for 20 questions, I'm just trying to get a feel for how quick I could clear it Smile
peterH
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PostPosted: Fri Oct 11, 2013 12:19 pm
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I'd think you'd be looking at a couple of weeks, maybe longer, the bottleneck is having enough in betfair to lay several big bets at the same time.

It's free money, take your time, avoid mistakes!
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Random_poker_player
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PostPosted: Fri Oct 11, 2013 12:25 pm
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I've got 10 people lined up who want me to do it for them with a 50/50 split. I will be a happy happy once I get through them all.
peterH
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PostPosted: Fri Oct 11, 2013 12:28 pm
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Random_poker_player wrote:
I've got 10 people lined up who want me to do it for them with a 50/50 split. I will be a happy happy once I get through them all.


Be careful about IP verification if you're doing it all from the same computer.
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The problem with socialism is that you eventually run out of other peoples money.
Random_poker_player
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PostPosted: Fri Oct 11, 2013 12:39 pm
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No I will be at their houses when I do it using their bank details. I will be just doing the work.
Brodders
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PostPosted: Sat Oct 12, 2013 5:06 pm
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Sorry for the late reply... Not something I'm into so can't add anything to Peter's posts.

Good luck though !
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