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PLEASE READ THIS FIRST!!!

#1

Post by xLc » Thu Nov 10, 2016 7:02 pm

Please Note, Matched Betting Is NOT Gambling.
LCF Does Not Endorse Gambling Of Any Kind.


I did Matched Betting a while back, 2006 I think it was and I made some good money from it.
Its all perfectly legal and tax free and as long as you are very careful then its pretty much risk free.
Some people have made thousands from doing it. There is currently just over £2000 worth of easy free bet offers, and many more if you search for them.
I stopped because I ran out of UK betting companies that where offering free bets and didnt want to start using ones in the USA. (After Id used all the UK offers I could find I then opened new accounts in the wifes name and did them all again to double the money Id 'earned')
However its been a while since I dabbled and Ive moved house and email etc so I can register with betting companies again and get their free bet offers.
Please ask on this board for any help and advice.
If you are still skeptical about it then go on Martin Lewis' Money Saving Expert website and you will find a board that is just for Matched Betting, Or Google 'Matched Betting'
If you do have a 'dabble' then please post your results on this board so others can see how you are doing.



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Re: PLEASE READ THIS FIRST!!!

#2

Post by xLc » Thu Nov 10, 2016 7:03 pm

Matched Betting (when done correctly) is a low-risk way of utilising your own hard earned cash to access free offers from bookmakers and then maximise (again in a low-risk way) the amount of the bookmakers free cash that you are able to keep.

Matched Betting can be started with funds of as little as £50 of your own money (assuming you start on Bookmakers £10 free bets, which is recommended).

It is not rocket science but does require you to have some understanding of maths and the ability to use simple spreadsheets.

It is also most important that you to invest your own time in understanding the basics of Matched Betting.

If you feel you are still interested in Matched Betting then please take the time to read the following thread.

Here is a quick summary on how to get started with Matched Betting. Please post any questions and suggestions in a new thread.

DO

1. take your time - this is not a competition

2. if you aren't yet, sign up for free to Quidco, and TopCashBack (TCB). For maximum cashback, use Quidco or TCB.

3. set aside a matched betting starter budget. You can start with as little as £50.

4. sign up to Betfair

5. place your first set of bets only when you feel comfortable with the concept and when you are sure you have the correct numbers. Ask on here first if you are unsure.

6. keep a record of your bets - best in a spreadsheet that adds up your profits as you got along, and helps you track your funds.


DON'T

1. ever risk money that you cannot afford to lose, or ever deviate from the matched betting principles. If you have an uncontrollable gambling streak, or are under order not to do any betting, don't venture into this.

2. jump into it head first.

3. be afraid to ask questions.

4. think you will do best if you don't tell anyone that you do matched betting. Particularly, don't hide it from your partner.

5. feel discouraged if it takes you quite a while to grasp the concept - you are in good company

6. confuse matched betting with traditional betting or gambling

7. expect this to be a get rich quick scheme. Such schemes simply don't exist.

Many bookmakers offer free bets to encourage people onto their sites during particular sporting events or to attract new customers.

What people often do with free bets is to try to bet on a 'dead cert' (for example Chelsea to win the Premiership, Celtic to win the SPL), or to take a flyer at high odds. You can get lucky this way, but bookmakers are canny, and even favourites don’t always win. And because people who win when they do this tend to post onto Internet chat boards gleefully, and those that lose don't, it’s often possible to think it is easier to win big than it actually is. In fact, you can lose both qualifying and free bet very easily.

However it is possible to use these free bets to make very easy free money, using a technique known as back/lay bet matching. As a general rule, you can get 95-100% of the free bet amount as real cash for bets where the stake is returned, and about 75% where the stake is not returned. This way, you win every time! It does take a little bit of getting your head around at first, but is well worthwhile as literally hundreds of pounds of real hard cash are available very easily.

It is really not all that difficult, and there are full instructions below.

Bet/Lay matching transforms any bet into a simple two way choice and greatly simplifies the process.

First the standard disclaimer. As always, do your own research, and if things go wrong it is your responsibility, not mine or this site's!


How this all works.

When you make a bet with a bookmaker, you place a stake on an event at particular odds. For example if you were to put £10 on a bet on Team A winning a football match at 2/1 (decimal odds 3.0), if you were to win the bet you would receive a total of £30 back, i.e. your stake of £10 plus the bookie’s £20. However if you lost, the bookie would gain your £10 and you would receive back nothing.

Now imagine you as the bookmaker. In this case you could also offer the same odds to someone for the same outcome (team A to win the match), gaining £10 if the punter loses, but risking £20 of your own money. This is known as 'laying' a bet.

So if you were both to bet on the event and act as a bookmaker at the same time, something interesting happens: whatever the outcome, the bet side and the lay side of the bet cancel out completely:

Outcome 1 (bet won - Team A wins):

You win £30, i.e. your stake of £10 plus £20 profit.
Bookmaker loses £20

If you are both the punter and the bookmaker, your total profit is:
(£30-£10) - £20 = £0

Outcome 2 (bet lost - Team A does not win (draws or loses))

You lose £10, i.e. your stake.
Bookmaker gains £10,

If you are both the punter and the bookmaker, your total profit is:

£10 - £10 = £0

So you can see that in both cases, both the lay and the bet cancel each other out. You neither lose nor gain money.

Obviously this is useless for normal betting, but it is extraordinarily useful when going after bookmaker’s bonuses, as it allows you to place a completely risk free qualifying bet on any event you can both bet on and lay a bet on. And then if you repeat the same thing with a free bet stake, you will always magically come out with a profit that is roughly equal to the free bet stake – you can prove this to yourself by working out the profit and loss on both sides of a free bet. Taking the same odds as an example and assuming a £10 free bet.

Outcome 1 (Team A wins):

You bet the free bet of £10 at 3.0. Return is £30 with no outlay to you. On the lay side, your loss is £20, as before. Thus overall profit = £30 - £20 = £10.


Outcome 2 (bet lost - Team A loses or draws)

Your loss on the bet side is zero (as the bet was free). You gain the punter's stake of £10 on the lay side.

So regardless of the outcome, you have made £10.

Now in practice this is rarely quite as neat as the example. To lay bets, you use betting exchanges, and these generally never offer lay odds which are the same as those at bookies. Also there is a commission of between 1% to 5% payable on winnings at the bet exchange. Even so, it’s easy to use the technique to qualify for a free bet with a very small loss, and then to match out most of the free stake money without any risk at all.

The other slight complication is that sometimes free bet offers do not return the stake with winnings. This alters the calculations a little, but you can still make guaranteed money by looking for events with relatively high odds (above 7.0) and a close match for a lay. You should be able to clear about 75% of the free bet amount.

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Re: PLEASE READ THIS FIRST!!!

#3

Post by xLc » Thu Nov 10, 2016 7:04 pm

Ok if youve read this far then you are interested...
It sounds complicated but once you get your head around it then its pretty simple.

Any questions please start a new thread.

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Re: PLEASE READ THIS FIRST!!!

#4

Post by xLc » Sun Nov 13, 2016 8:57 am

Have a read of this guys blog, hes made over 21k in a year, all tax free and legal

http://www.matchedbettingguy.com/blog/

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