A beginner's guide to lay betting - OddsMonkey Blog

How To Bet On Sports Online | Beginners to Professionals | Online Betting India

Are you anticipating registering with a brand-new bookie? Or looking for the very best betting join up deals? You don't need to look any additionally.
On betbarter web site, you can find the best betting subscribe offers or best sporting activities betting signup deals. You will certainly likewise find the very best complimentary betting pointers in addition to the web sites that promote complimentary betting services. To benefit from our listing of bookmakers, you need to click the web site summary that you like and also push the "Claim" button, and also you will be driven to the most effective free wagering sites to obtain the side of redeeming offers.
If you are searching for worth lifts or renovations, cashback discount rates and various other uncommon ideas for football, horse auto racing, tennis and various video games, then look at the Betbarter wagering offers web page. There are numerous extra pounds of cost-free wagers available to any individual, so do not skip a significant possibility!
Betfair
Betfair betting websites use a minimum deposit of ₤ 10 bet for the sportsbook. Betfair cost-free wager no down payment deal additionally exists for new signing up consumers.
Betbarter
It offers 15000 INR free wagers for new customers just. If you are an existing client having betbarter betting account, after that you will not be eligible for this deal. Put down your FIRST wager on any type of Sportsbook display and if it sheds we will certainly discount your stake in CASH. Max discount for this offer is 15000 INR. Just shops made utilizing Cards or Paypal will certainly satisfy all requirements for this promotional offer.
Before you begin wagering, we wish to present the three sorts of Handicap betting that leaves.
22Bet
Consumers can get a 100% incentive on the deposit of a minimum ₤ 50 in their wagering account. The started incentive amount must be bet multiple times with the chances of 1.65 before it will certainly be moved to the player's 22BET wagering account.
Finest Promotions Betting
Whether you are a beginner or a skilled gambler, no matter, as well as there are hundred pounds complimentary bet offers readily available on the internet sites.
What is a totally free bet?
Bookies use free wagers as a reward for joining with them or for being faithful to them. Considered that bookmakers are concentrating on you with an array of offers, not each of them can be viewed as cost-free wagers. A complimentary bet is as the name claims, a loosened action of debt offered for the gamblers to wager in particular.
For more details, you can likewise examine the very best new wagering account supplies a blog site on our site. We will certainly have a detailed conversation of the kinds of complimentary bets readily available out there.
What are some kinds of Free wagers?
No Down Payment Free Wagers- The bookie provides you a complimentary wager without need for you to transfer any cash.
Matched Free Bets- The bookmaker offers you a free wager that equivalents the step of your very first down payment.
Qualifying Free Wagers- A qualifying totally free wager is the important things for both brand-new and present clients as well as requires the conclusion of particular criteria with completion objective for you to obtain a totally free possibility. One of the most extensively acknowledged version desires you put down numerous wagers having a certain number and also get a totally free bet instead.
Reload Rewards- The bookie mainly includes some added credit histories as a totally free wager to your wagering account, ordinarily around a substantial video game.
Threat Free Wagers- The bookmaker credit scores you the measure of your real wager back as a free wager on an opportunity when it sheds.
Just how can you locate the very best promotions wagering?
You remain in the right place-- we have an amazing decision of Indian best promo betting.
When seeing cost-free wagers, you should certainly take into consideration which complimentary wager fits you ideal. For instance, the amount you need to make a down payment? Bookies [1] will routinely collaborate your initial deposit with complimentary wagers, so the even more cash you make at your very first down payment, the more cost-free wagers you will obtain.
Free wagers for new clients
Several bookies attract their consumers by advertising an outstanding deal for recently joined clients specifically. The fact is that brand-new consumers are provided a more magnificent option to pick from-you should locate at least one bet deal if you are new to the site, and some supply a range of option.
Free wagers for existing consumers
Free Wager suggestions for existing customers are less routine; nonetheless, they are available-- and also we're right here to grandstand them.
There are additionally other free wagers depending on your commitment towards the bookie as a customer. So if you've sought an additional account, don't feel that is its finish-- being steadfast will certainly continue recompensing you.
Special Occasions cost-free wagers
A great deal of cost-free wagers promotions are supplied when there is a substantial occasion of sporting activities happening about like World cup free wagers, Grand National complimentary bets, Cheltenham Celebration wagers as well as a lot more. So if you are a regular sportsbook bettor, then you will likely find free betting chances for you.
For the matter of the truth, several sportsbooks introduce their advertising deals around some major sporting activities event so continue checking the website for most recent cost-free bets
Conditions for free wagers
Before pursuing a cost-free wager, make certain that you check out the required get rid of the goal that you totally comprehend what it is you're looking for. The primary issue to learn about is that a totally free wager will frequently expect you to transfer cash money or even put down a wager before you are gotten approved for the totally free one.
You should also take into consideration points like least possibilities. Lots of free betting offers expect you to bet on results at particular expenses.
It also pays to know when the totally free wager is mosting likely to expire-- sometimes, as well as the cost-free wager may be accessible for a number of days.
Grand National Free bets
The event of Grand National is amongst the most vital meeting in the whole auto racing schedule, and it is a considerable occasion which attracts die-hard followers of racing from all over the globe.
So if you are a beginner or a seasonal punter, we'll have all the very best Grand National cost-free wagers, and also best promo wagering deals straight below, prepared for you to load an extraordinary signup deal.
It's not tough to perceive any kind of reason betting on the Grand National is so tempting-- with no victor being much shorter than 10/1 in the previous 10 years, as well as with some enormous worth champs integrating Regulation the World in 2016, that was successful at 33/1.
If you go back to 2009, you can locate a significantly higher success in Mon Mome who won the race at a massive expense of 100/1.
Cheltenham Free wagers.
A genuine enthusiastic gambler is not mosting likely to miss this free wagering possibility for Cheltenham incorporating of Cheltenham Gold Mug. We'll offer to every one of you of the best complimentary wagers and also betting supplies as the Celebration moves nearer, aiding you obtain a side on the bookmakers. At the factor when the Celebration appears, each bookmaker is contending for their organisation, which implies there are some fragile free wagers as well as betting uses to be had.
The offers alter for every single bookmaker, other than there will certainly be a great deal of brand-new best choice join up cost-free wagers provides for you.
Additionally, in case you're an existing client, do not fuss-- because they'll put forth an extra unique attempt to give amazing existing client offers at Cheltenham.
Free Bank On Royal Ascot
Royal Ascot is prominent among bettors having a passion in flat auto racing, and this 5-day amazing occasion understands a grip of target market. That suggests there are many punting openings as well as lots of bookies that need you to take down a wager with them.
As we talk about it with information, we'll refresh our web pages with the most effective Royal Ascot cost-free wagers and wagering offers around. That suggests you have no engaging reason to look, as we'll place the leading bookie provides across the board location.
Despite whether you're one more or existing customer, there will be an unbelievable Royal Ascot deal just for you. It's probably the very best season to be watchful for brand-new bookmakers, with sign up with incentives at their best.
Betfair Free wager no down payment
Betfair complimentary wager offer serves both hardcore wagerers and casual ones, through their selection of alternatives in the sportsbook. These sportsbooks [2] are straightforward to make use of and also give a wealthy market variety for the consumers. The exchange works remarkable for punters who find out about wagering, permitting you to back or lay outcomes-- an unbelievable tool in the realm of steed racing.
Betfair complimentary wagers for existing customers, equally as other existing customer uses that everyone can make use of.
Additionally, Betfair supply best probabilities made sure-- to assist you with obtaining the very best worth wager accessible.
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How to Eat a Bet| BetBarter.net

Are you expecting signing up with a brand-new bookie? Or looking for the very best wagering join up offers? You don't require to look any type of even more.
On betbarter web site, you can find the most effective betting join bargains or best sports betting signup offers. You will certainly additionally find the best complimentary betting suggestions together with the internet sites that promote totally free wagering services. To gain from our checklist of bookmakers, you require to click the web site description that you like and also push the "Case" switch, as well as you will certainly be driven to the best free betting websites to get the edge of compensatory deals.
If you are looking for worth lifts or improvements, cashback price cuts as well as various other unusual suggestions for football, equine auto racing, tennis and various video games, at that point consider the Betbarter wagering offers page. There are numerous pounds of free wagers offered to any individual, so do not miss a substantial chance!
Betfair
Betfair betting websites offer a minimum down payment of ₤ 10 bet for the sportsbook. Betfair cost-free bet no down payment offer additionally exists for new signing up consumers.
Betbarter
It uses 15000 INR complimentary bets for brand-new clients just. If you are an existing consumer having betbarter wagering account, then you will certainly not be eligible for this deal. Take down your FIRST wager on any kind of Sportsbook display and also if it sheds we will certainly discount your stake in MONEY. Max discount for this offer is 15000 INR. Simply shops made making use of Cards or Paypal will fulfill all requirements for this advertising deal.
Prior to you begin wagering, we would like to present the 3 types of Handicap betting that leaves.
22Bet
Clients can obtain a 100% bonus offer on the down payment of a minimal ₤ 50 in their wagering account. The initiated benefit sum should be bet several times with the opportunities of 1.65 before it will be relocated to the gamer's 22BET betting account.
Finest Promotions Betting
Whether you are a beginner or a skilled wagerer, it doesn't matter, and also there are hundred extra pounds totally free wager uses readily available on the sites.
What is a free bet?
Bookmakers provide cost-free wagers as a prize for joining with them or for being faithful to them. Given that bookmakers are concentrating on you with a selection of deals, not every one of them can be viewed as free wagers. A cost-free wager is as the name states, a loose step of credit rating offered for the wagerers to wager specifically.
For more details, you can additionally check the best brand-new betting account supplies a blog site on our web site. We will have a comprehensive conversation of the types of free bets offered in the marketplace.
What are some kinds of Free wagers?
No Down Payment Free Wagers- The bookie offers you a totally free wager without requirement for you to deposit any kind of cash.
Matched Free Bets- The bookmaker provides you a complimentary bet that equivalents the action of your first down payment.
Certifying Free Bets- A certifying complimentary bet is things for both brand-new and present customers as well as requires the conclusion of specific criteria with the end objective for you to obtain a free chance. The most commonly acknowledged design seeks you put down different wagers having a specific number and obtain a free wager instead.
Reload Incentives- The bookie largely includes some extra credit scores as a free wager to your betting account, usually around a considerable video game.
Risk Free Wagers- The bookmaker debts you the measure of your genuine wager back as a totally free wager on a chance when it loses.
Exactly how can you find the most effective promotions wagering?
You remain in the correct spot-- we have an amazing decision of Indian best promotion betting.
When seeing complimentary wagers, you should certainly consider which cost-free wager fits you ideal. For instance, the amount you require to make a down payment? Bookmakers [1] will on a regular basis collaborate your first deposit with complimentary bets, so the more money you make at your initial down payment, the much more cost-free wagers you will certainly get.
Free bets for brand-new customers
Numerous bookmakers attract their consumers by advertising an extraordinary offer for freshly subscribed consumers specifically. The fact is that new clients are offered a more fantastic choice to choose from-you should certainly locate a minimum of one wager deal if you are new to the website, as well as some give a series of selection.
Free bets for existing consumers
Free Wager concepts for existing clients are much less routine; nonetheless, they are out there-- and also we're below to grandstand them.
There are furthermore various other free wagers based on your loyalty in the direction of the bookmaker as a client. So if you have actually sought an additional account, don't feel that is its surface-- being steadfast will certainly go on remunerating you.
Exclusive Occasions totally free bets
A lot of complimentary wagers promos are supplied when there is a considerable event of sports happening about like Globe cup complimentary bets, Grand National free wagers, Cheltenham Event wagers as well as a lot more. So if you are a regular sportsbook bettor, after that you will likely locate complimentary wagering possibilities for you.
For the matter of the truth, many sportsbooks introduce their advertising offers around some significant sports event so go on inspecting the site for latest complimentary bets
Terms for free bets
Before pursuing a totally free wager, make sure that you read the necessary part with the goal that you completely comprehend what it is you're seeking. The primary issue to find out about is that a totally free bet will regularly expect you to transfer cash money and even take down a wager prior to you are qualified for the totally free one.
You should certainly similarly take into consideration points like the very least possibilities. Numerous totally free wagering offers anticipate you to bet on results at certain prices.
It likewise pays to recognize when the complimentary wager is mosting likely to run out-- sometimes, and also the free wager may come for a couple of days.
Grand National Free bets
The occasion of Grand National is amongst one of the most vital conference in the entire auto racing schedule, as well as it is a substantial event which draws die-hard fans of racing from around the world.
So if you are a beginner or a seasonal punter, we'll have all the most effective Grand National totally free wagers, and ideal promo betting deals directly below, planned for you to pack an amazing signup deal.
It's not tough to regard any type of reason why betting on the Grand National is so tempting-- with no victor being shorter than 10/1 in the previous ten years, and also with some huge value champs incorporating Rule the Globe in 2016, that prospered at 33/1.
If you return to 2009, you can locate a substantially greater success in Mon Mome that won the race at a substantial price of 100/1.
Cheltenham Free bets.
A real enthusiastic bettor is not going to miss this free wagering opportunity for Cheltenham incorporating of Cheltenham Gold cup. We'll present to every one of you of the best totally free bets as well as betting offers as the Celebration relocates nearer, aiding you obtain a side on the bookmakers. At the factor when the Festival shows up, each bookmaker is competing for their company, which implies there are some delicate complimentary wagers as well as betting provides to be had.
The offers transform for every single bookmaker, except there will certainly be a lot of brand-new best option join up cost-free bets provides for you.
Likewise, in case you're an existing customer, don't fuss-- due to the fact that they'll put forth an additional distinct effort to give amazing existing customer deals at Cheltenham.
Free Bank On Royal Ascot
Royal Ascot is prominent amongst gamblers having a rate of interest in level auto racing, and this 5-day interesting event understands a grasp of audience. That implies there are many punting openings as well as many bookmakers that require you to put down a wager with them.
As we discuss it with information, we'll revitalize our web pages with the most effective Royal Ascot free wagers as well as wagering deals around. That means you have no engaging reason to look, as we'll place the leading bookmaker supplies across the board place.
Despite whether you're an additional or existing client, there will certainly be an incredible Royal Ascot deal just for you. It's possibly the best period to be careful for new bookies, with join rewards at their best.
Betfair Free bet no deposit
Betfair free bet deal serves both hardcore bettors and informal ones, with their option of choices in the sportsbook. These sportsbooks [2] are straightforward to utilize as well as give a rich market range for the consumers. The exchange works extraordinary for punters who discover betting, allowing you to back or lay outcomes-- an amazing tool in the realm of horse auto racing.
Betfair free wagers for existing consumers, equally as various other existing customer provides that everyone can make use of.
Furthermore, Betfair supply best probabilities ensured-- to help you with getting the very best worth wager available.
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Banned From The Bookies - How to Win a Million a Day Sports Betting

Banned From The Bookies - How to Win a Million a Day Sports Betting
If you're reading this post it's fair to say you may have either been banned from a bookmaker for winning too much, or had your account limited. If you're not aware of this happening, then a quick Google search will present you with many stories of people having accounts closed or reduced to only being able to bet with pennies for simply being too damn good at betting.
They don't tell you that on the TV adverts do they!?
I've been banned from most well known online bookmakers, and had my account limited with the majority of the remainder for either winning large amounts, or just too regularly.
With only a handful of bookies remaining that I've spread my wins and losses to keep the accounts active, these will still let me login and place a bet with max stakes.
I genuinely appreciate Betfair for what it brought to the industry with the exchange, allowing people to bet against each other, taking a commission only when you win, meaning you will never be banned for winning too much or too often betting or trading on the exchange.
Betfair did join the bandwagon by adding a sportsbook, and if betting using this part of their website and winning too much then expect your Betfair betting account to be limited.
There is a section of Betfair that is rarely visited or even known about by most users of the site, and you can create multiple bets that win every day without any restrictions applying.
It's called BSP Multiples, you can find out more about how to locate it and place bets using it from the video I posted on You Tube some time ago at the base of this blog.
So, did you know that the maximum payout in a day using the BSP Multiples section of the Betfair exchange is 1 million pounds?

https://preview.redd.it/8i6drgb8tgm11.jpg?width=565&format=pjpg&auto=webp&s=ed8bffaa71060e6fa15f39db94af088c79a3c025
I'm not sure if this is the ceiling for the exchange as a whole per day, but I had it confirmed as you can hear on the call below that it is for the BSP Multiples.
The BSP Multiples is something I use regularly each week with my Dutch betting systems, the One Dutch and Value Dutch Bet utilize the BSP Multiple features to combine many horses from different races in to one multiple bet.
I understand the BSP Multiple section is based on the exchange, but somehow linked in to the sportsbook with the way the algorithm calculates everything.
With this in mind I thought I should check with Betfair directly to see if I was to win a million pounds a day hypothetically, or in fact just keeping winning and growing the bank as I'm doing at present using BSP Multiples, albeit far from a million a day, would I in fact be banned or have my account limited.
The customer service agent didn't know and had to check with her manager, but did in fact confirm that I would not be limited as with the sportsbook if I kept winning. When using BSP Multiples and taking the maximum payout of 1 million pounds per day, I could in fact do this every 24 hours.
When I informed her the call was recorded and asked if I could use this information in my blog and the call, she did in fact put me on hold for a long time to double check this information, and came back confirming no limit would be placed and the 1 million a day was the max payout. Also, that I could use the information and call.
Although, her tone instantly changed with me, and I don't think she liked me very much from this point.
It is a useful fact to know that you can build your staking up to a level where your max payout is 1 million pounds per day.
This is if your return was higher than your stake of course, if you're betting and the return is less than evens, you could not bet a million, as stated the max payout is a million including the amount you stake.
The bet slip would not let you place a bet at this level, it would auto adjust the return and alert you.
Let's be realistic though, to be able to return a profit in the thousands per day using a platform such as Betfair with a winning betting system, and not have to worry about having your account limited or closed is still amazing.
Let's listen to the call.
I chopped out the wait times and a few bits where the Betfair agent said the line dropped and I had to repeat myself, but all the important stuff confirming no limitations would be placed if making a daily profit are included.
https://soundcloud.com/zerohype/how-to-make-a-million-pounds-a-day-sports-betting
Summary:
The call was awkward for me, I didn't enjoy it, and was just trying to get a straight answer.
The line kept dropping which I cut most of this out, which made the whole thing much more difficult than it needed to be, but we got there in the end.
As stated, I've been using BSP Multiples for years to place my Dutch bets, and never had any issues with winning virtually every day.
The BSP Multiples used to contain football betting, correct score and match odds, and you could even create lay betting multiples for the football bets, but for some unknown reason they stopped all this.
BSP Multiples is kind of the forgotten section of Betfair, and most people would not even know it exists.
In fact, when members sign up for my Dutch betting service typically I receive a lot of questions about using it, hence why I posted a video on You Tube and the Dutch betting page about using it.
I'd say approximately 5% of the year it will fail to work due to website updates, or the Betfair traders not loading the markets in the morning.
From what I've heard the originator of this section was originally hailed for his efforts, putting in a lot of work to develop a very clever service, but has since left and it's been a tad neglected.
That said, I don't think it's going anywhere soon and all my best efforts to get inside information about this have all come back positive.
To the best of my knowledge it is here to stay, and there is quite literally nothing else like the BSP Multiple section.
It's the only service I'm aware that allows you to place multiple horses from different races into one combined odds bet, ie a double, treble, fourfold etc, all the way up to an eight fold.
This is in fact truly brilliant and incredibly useful, so long may this continue.
Maybe one day that will plan to expand it, maintain it better, and add more features. I'd suggest contacting Betfair to let them know how good it is if I thought they would listen, or even have a firm contact that could escalate your feedback in a useful format, but with so many layers to go through I wouldn't know if this would be worthwhile, or even detrimental to the existence of the BSP Multiples.
To have a Dutch multiple placed at SP odds from the Betfair exchange with the stake per horse automatically calculated, commission deducted etc is a such a useful feature. If a none runner occurs it auto calculates the Dutch bet, with no need to get involved or re adjust your bet, it's all done for you which is genius really.
Not only this, you do get a combined multiple odds return which is actually pretty good and adds up nicely over time. The bets for my Dutching service can be placed as singles, but it works very well for the One Dutch and Value Dutch bet to have this feature.
I now include Dutch Single bets straight to the exchange, which I automate using a betting bot called Fairbot.
The reason for this is I'm the eternal pessimist thinking I'll wake up one day for find BSP Multiples pulled, as I did when the football section was taken down, but for now let's enjoy this unique facility for as long as it exists.
As using BSP Multiples we will not be banned or have our accounts limited.
If they ever decided to develop this section of the site, I'd also like the place market multiple betting for horses to be added, and if they brought back football BSP Multiple betting that would be stunning.
For more information on Dutch Multiples which is a horse racing Dutching service I provide that uses BSP Multiples, please get in touch any time, [[email protected]](mailto:[email protected]).
The video below shows how to locate and place the BSP Multiples:
https://youtu.be/mI1adXU5-e8
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How I won $22,000 by gaming a Betfair competition with virtually zero risk

Over the last 6 months I have won 2 competitions valued at close to $40,000. Both times I made it so there was virtually no risk at all, only upside. I posted this on my blog (www.daily25.com) last week. Bookmakers have these sort of competitions all the time.
You can read the article with all pictures on my site at http://www.daily25.com/how-i-break-down-competitions-and-won-22000-thanks-to-betfai
You may remember that earlier in the year I won the Tattsbet (Ubet) Awesomely Excellent American Sports Tour. It was an all expenses paid trip for 2 to Phoenix to watch the Superbowl and a few other sports. I ended up also watching an NBA game, a PGA tour event and an NHL game. I also used frequent flyer miles to upgrade myself and the two mates who ended up coming. I keep meaning to write a post about how I gamed that contest to make sure I had a very very high chance of winning it.
The prize was valued at $17,000. I doubted I would ever win anything like that again in my entire life. Well 6 short months later I may have won an even bigger prize.
Betfair, like every other bookie have VIP customers. Usually when a sportsbook has "VIP" customers, you can replace the "VIP" for "big time losing customer". They happily take them to sporting events, give them merchandise, free bets and other little inducements to keep them coming back and betting. VIP customers make up a very high percentage of a sportsbooks profits and it pays to keep them happy. I've been told many horror stories of VIP's being given millions on credit and losing it all.
Unlike all other bookies, a VIP at Betfair doesn't have to be a losing punter. A VIP is simply someone who makes them a profit. The more I make, the more commission I pay. I rarely use Betfair anymore as my style of betting (betting early) really doesn't work that well there. But over the years I have paid over $110,000 in commission to betfair. That's a very nice profit for them.
The Prize
Over the UK Summer (Aussie Winter), Betfair ran a competition for its Aussie and New Zealand VIP members. It looks as though at least 180 people entered. There were 7 rounds and each round had its own prize. The 7 rounds were the 5 Ashes tests, the Wimbledon Tournament and the British Open Golf.
For each round, the person who made the most profit on the event won $2,000, the person who came second won $1,000 and 3rd place scored $500. This meant they gave away $24,500 in prizes over the 7 rounds.
There was also a Major prize for the one VIP member who won the most over the 7 events. The prize was $15,000. In total the prize pool was just short of $40,000.
The Rules
Before I even start to break down how I can win a competition, I head to the rules and terms and conditions page. I make sure I follow every single rule and do not break any of them. After I have read all the rules, I read them again. I am looking for two things when I read the rules.
Any loopholes that I can take advantage of Any rules that might make the competition not worth the effort
I qualified for the promotion and there were no terms or conditions that would make it hard to try and figure out a way to win the prize.
Breaking down the competition Now I had to breakdown the competition and see what strategy I could use to not only win it, but also get the best possible return even if I didn't win it. At the start, there were many unknowns. I had no idea who I was up against. Were some VIP's betting hundreds of thousands? What profit would I need to win one of the round prizes? I could only guess at this stage.
So I needed a baseline. Lucky for me I had plenty of time to work this out. All I needed to do was bet and win and I would get a basic idea of what was needed.
The first event was Wimbledon and to be honest, I had completely forgotten about the competition. Luckily I had placed some normal bets. This was a difficult one as it was profit over the entire tournament, so I had no idea how much someone would have won. Looking back, this was the perfect tournament to get an insurmountable lead. There were hundreds of chances to win a lot of money. From my 3 bets on the tournament, I made a profit of $900 and ended up 28th for the round. That gave me absolutely no usable data. I assumed each jump up could have been a $250 difference (on average) and that meant first place probably made close to $7,000. But as I could not be sure, it was back to the drawing board.
The 1st Ashes test was next on the list and it was time to really get cracking. Now, I was never going to risk any money to win a prize. So I had to make the risk as low as possible. How did I do that? I simply narbed. A narb is a near arb. Simply put it meant I backed something at a bookmaker and laid it on betfair for a small loss. Some understanding of the markets was necessary here. I knew that the Aussie bookmakers would be taking a lot of bets on Australia, which would push out Englands odds. I also knew Betfair markets are primarily made up of UK punters, which would make the English price lower.
So I started comparing the odds at the Aussie bookies to the lay price on Betfair and managed to find odds of $4.00 on England at one bookmaker and a lay price of $3.95 on Betfair. It was a simple case of using a back/lay calculator to work out how much to lay on Betfair.
Normally the Aussie books would laugh at me if I tried to place a $2,500 bet on anything. But when there are big one off games and you bet late and call up, they will take the bet if it will balance their books. There were a few times where they flat out denied me, but I stuck to one bookie (TAB) who would never let me bet $50 on EPL games, but seemed happy to take bigger bets to even their books.
As you can see in the image above, this bet cost me $50. That was a price I was willing to pay for information. My hope was that the first test would end in a draw or Australia winning and I would win the $2,559 at Betfair and know where that amount put me in the pecking order. As with most things in betting, the plan usually comes unstuck. England won the game and I lost $7,550 at Betfair. But that loss did give me one vital piece of information. It told me that of the 59 people who bet in that round, I came dead last. That said to me that no one was betting huge. I now had 2 small pieces of knowledge.
The next event was the British open golf and I follow a few tipsters so just bet normally into that. I think I lost a small amount and came mid table. After 3 rounds I was sitting on a $7,000 loss and was dead last overall.
It was time to kick things up a notch. I had to go big or go home. I had decided to change my strategy and back the longest possible odds (the draw) and lay them on Betfair. What this meant was pretty simple. If any of the remaining games ended in a draw, I could kiss my chances of winning goodbye. I was very close to just betting $50,000 on the Aussies and laying them in the second test, luckily the odds were never there to do that. Instead, I noticed the TAB were way out of line with the rest of the market with their draw odds. I called and they would only accept $2,000, so I took that and waited. The odds stayed the same so online I tried to bet another $2,000. To my surprise that was taken, and so too were the next 3 bets. In total I had $10,000 on the draw at $3.85 and laid at $3.80 for a loss of about $250. For me this represented great value. I was pretty sure that a $10,000 win would put me first for the round and thus win me $2,000. I also picked the most unlikely event (the draw). An 8 times return was well worth the chance that it would end up a draw.
Happily for me, the Aussies won the second test and I won that rounds top prize. It also moved me from -$7,000 to +$3,000 in the major prize draw. I moved from dead last to inside the top 25.
So now I had won $2,000 and knew that no one was betting to win over $10,000. I still had no idea how much profit 1st place had.
Onto the 5th round and the 3rd Ashes test. I had found a great price on England at Ubet and called them up and was very specific on the phone. Asking for $12,000 on England at the current price. The customer service rep rang the trader and told me "yes that would be fine". I placed the bet and the trader had moved the price in 25 cent. I was still on the phone while trying to place the bet and asked why the price had moved. I was then told that I could still place the bet at the worse odds. A complete joke. I complained on twitter and received a call from their media relations guy who did admit there was a bit of a stuff up and offered to let me on at the same price at much lower stakes. I declined on principle and I am glad I did. Once again I ended up at the TAB and the draw price was tempting. So over several bets I managed to get on for $12,500 and laid it off on Betfair for another small loss.
This was my one piece of big luck. If Ubet had taken my bet on the poms, I would have lost at Betfair and been out of the running. Instead I won another $12,000 on Betfair and that meant another $2,000 top prize. I was now sitting on +$15,000 in total and sitting in second place. I also now had a nemesis. Player 53. Player 53 had come second in the Wimbledon round, 4th in the 1st Test, 18th in the 2nd Test and 5th in the 3rd test. I guessed that Player 53 was a trader, and a damn good one. He was sitting above me after Round 5 with at least $16,000 profit. The other wildcard was Player 41, who seemed to be betting big like me. He picked up a 1st, a 2nd and a 4th placing. But also a last place.
So now I had won $4,000. Was sitting on $15,000 profit and knew a fair bit about my competition. By this stage I was pretty happy. I assumed I would win at least one of the next 2 rounds and take home at least $6,000 (minus $1,000 in losing narbs).
That brings us to the 4th test. The draw prices kept getting bigger and there was a massive drift just before the game started. Once again I got on at the TAB across a number of bets. This time I managed to get $15,000 on at $4.80 before they moved the price. I had to be careful with my laying at Betfair as the lay side at $4.80 was only there for a few thousand and I did not want to spook the market with a $15,000 lay. I had to drip feed in my bets and at one stage the prices started going against me. I still had over an hour and thought the price would contract so took the risk and held off. The prices did come back in a little and I had to take a bigger loss on this game of $500.
Once again England won (boo) and I won 1st prize. So all up I now had $6,000 in winnings and was sitting on $30,000 profit. Player 53 was in second and Player 41 was lurking in 6th.
This is where I started some gamesmanship. I had been posting on the blog and twitter about my wins, and I assumed that the other players probably read my blog. So decided to try and put them off by stating I was at least $50,000 in the lead. I assumed they were also doing everything they could to win and if they saw that I was massively ahead, they just wouldn't bother.
I believed I was ahead by at least $10,000. But could not be sure. This is where I really had to think. Do I not bet and hope the players behind don't catch up? Do I continue on like normal and back and lay the draw again? Do I factor in the prize being mine and arb it to make a guaranteed profit no matter what? This was a very tough decision. In the end I decided that I would not bet. If the other players were good enough to catch me, well so be it. $6,000 was still a great prize.
I asked a few friends what they thought I should do and one evil one eventually convinced me to go for it. He said if I won the last round as well, it would be a $17,000 prize and in all likelihood the other guys would be betting big as well. The email from Betfair said the competition was really close (I didn't believe it) and all of this combined pushed me into what I still think was the wrong decision.
I bet $8,000 on the draw and laid it for a small arb profit. There was still a high chance that one of the other guys would just arb an Australian or England win for big money and that would see me out of the top prize. But I had placed the bet and now had to pray that either team won. I had put myself in a really bad position. If it was a draw, I 100% would have lost the competition as I would be in negative territory. Even if it wasn't a draw, would $38,000 be enough to take it out? I really wished I had been in second place and could have really gone for it. Once I knew I was going to bet, I should have pushed my entire balance into the bet. This was a big mistake from me.
We know how the 5th Test ended. The Aussies won, but it was not really as simple as that. If I asked you to play a word association game and gave you the word England, many would come back with RAIN.
On the 4th day the Aussies needed 4 wickets to wrap it up, but the forecast was also for nonstop rain for the next 2 days starting at lunchtime. The Aussies had about 3 hours to clean up the tail. They managed 2 wickets before the heavens opened and my butt cheeks closed. I thought it was all over, the game would be rained out, it would end in a draw and I had just cost myself a potential $15,000 prize. When I worry, I like to clean, during the rain delay my house went from looking like a tornado had ripped through it, to a spotless masterpiece. The rain relented and the Aussies finished off the innings. I had won the bet, $8,000 profit at Betfair and a total profit of $38,000 over the tournament. Was it enough? Would I just be beat out?
Now all we could do was play the waiting game. I prefer Hungry hungry hippos, but that was not an option here. I actually wrote the entire article up till this point on Monday. I really had no idea if I had won or lost. Just moments ago I received the email from Betfair stating that the final round and tournament placings were in. I don't know why but I loaded up the Round competition first. Why I didn't just look at the grand prize is beyond me, maybe I like to self inflict mental wounds on myself.
This is what I saw. I had come second to Player 41. Player 53 had come 5th so I knew I had beat him, but the big question was.... How much had Player 41 won? It was over $8,000. Was it enough to knock me off the top placing overall? Another agonising wait as I went back to the email and clicked on the overall prize link....
Do you remember when you had dial up internet as a teenager and tried to download pictures of naked ladies? Do you remember how slow that was, you would see some hair, then a forehead, followed by eyes, nose, mouth.... finally about 8 minutes later it got to the boobs, and just as it was about to reveal all someone would pick up the phone to make a call and disconnect you.. Noooooooo
That's how it felt as I clicked that link.... it loaded so slowly in my mind. But finally it was in front of me.
Stayed tuned next week when I will let you know if I won... hahaha. I wouldn't do that to you. This is what I saw.
As idiot punters like to say, BOOM. I had won it. Player 41 hadn't done enough to dethrone me. In the final Round I had won $1,000 for coming second and added to the $15,000 grand prize, my final tally came to a massive $22,000. Total loss from the narbs was well under $1,000, so let's call it a total profit of $21,000.
That brings my prize winning this year to just shy of $40,000.
Update: I asked how close second place was and it seems if I had not have bet in the final round I would have lost. So big props to my evil friend.
Risks involved This was a low risk, high reward scenario for me. I was risking about $1,000 to win well over $20,000. There were a heap of stages where I could have lost this competition and I did get very lucky with some bets. But even in a worst case scenario, the way I was betting meant I would win 1 or 2 top round prizes, making this almost risk free.
What I will do with the money
The money will be used to set up a sort of trust fund for my Son, his first birthday is coming up and $22,000 worth of shares will be put in his name. On his 21st birthday he will have access to the fund and use it however he wants. I'd hope he either uses it to travel and experience the world or maybe start his first business, but if he wants to blow it on some frivolous purchase that is also fine with me. All things going well, it should be worth close to $100,000 by his 21st birthday.
Any lessons? This isn't just a fun story. There are real lessons that can be taken away from this. Every year there are so many little areas where extra profit can be made. Apart from my 4th year of betting where I made $160,000, I have actually made more from loopholes, cashbacks, rewards and so on. A break even year with the pure betting does not mean I made no money in the year. But this blog is more about if Tipsters can make you a profit, so I never add in the extras.
Always try and breakdown things and see if there is an opportunity there. In most cases there won't be, but in those rare cases where you find something that very few others have found, you will be able to make a huge profit from it. While a few hundred every week or month might not sound like a lot, it adds up very quickly over time, especially when you have multiple streams of profitable extras.
In regards to competitions run by bookies, understand that there are likely to be very few entries. Just entering will give you a massive chance. There were really only 2 other people I was competing against in this competition.
Hopefully there are a few more competitions that pop up this year. I doubt I'll ever win another one, but it won't be from a lack of trying.
Have you guys ever won a sportsbooks competition?
submitted by ooii79 to SoccerBetting [link] [comments]

I have been a matched betting enthusiast for years and now I am teaching it for free to everyone.

Hey beermoneyukers!
After years working in my 9-5 job as a website developer for a large corporation I decided I could not face selling my soul any longer lols and packed in my job.
Since then, I had a stint working as a freelancer whilst also making a healthy side income via matched betting. And over the past 9 months I’ve been building a website that teaches people how to do the same.
There are a lot of websites out there that teach matched betting, but most require a monthly subscription and most have long articles that can be a bit dry and hard to follow.
So instead, I built a website, Team Profit, that:
  Is completely free
  Uses animated video guides to teach people (link)
  Has infographics to accompany all video guides
  Provides step by step guides for 25+ bookmaker offer which will make you £600+ risk free (link)
I have amended the video script over 50 times to try to make it as concise and helpful as possible, hopefully they are a good watch!
Any feedback on the videos, guides, blog or anything else, please let me know, I spend every day adding new content and improving existing content.
If you are thinking of learning matched betting and making £600+ risk free, please check it out!
www.teamprofit.com
 
MEGA FAQs GUIDE TO MATCHED BETTING
 
The video guides I posted above will teach you everything about matched betting.
However, I figure no harm in me writing down everything I know about matched betting in an FAQ style layout. Hopefully this will be useful to you.
I have tried to answer every question as concise as possible / no rambling :D
I have split the FAQs into the following sections:
 
INTRODUCTION
1) What exactly is matched betting and how I do make money risk free?
2) How popular is matched betting?
3) Does it involve gambling?
4) How much money will I need to start?
5) How much time will it take me to learn matched betting?
 
OFFERS & YOUR PROFIT
1) How much money can I make matched betting from the welcome offers (new customer only)?
2) How much is a free bet worth in actual cash profit?
3) After I have finished the Welcome Offers, how much money can I make matched betting each month from Daily Offers (existing customer offers)?
4) What type of Daily Offers are available?
 
BOOKMAKERS AND BETTING EXCHANGES
1) Which bookmakers have the best welcome offers?
2) Which bookmakers have the best offers for existing customers?
3) What is mug betting?
4) What is a betting exchange?
5) How do we use a betting exchange?
 
ADDRESSING COMMON CONCERNS
1) How sustainable is matched betting?
2) Will it impact my credit rating?
3) Do the bookmakers have terms to stop customers from withdrawing?
4) Do I need to know about sports?
 
WHICH WEBSITES TEACH MATCHED BETTING - YOUR OPTIONS
1) Where can you learn matched betting?
 
ADDITIONAL FAQS
1) Depositing and withdrawing
2) Sending identification documents
Any questions that haven’t been answered please add a comment and I’ll add the FAQ and answer.
 
INTRODUCTION
 
1) What exactly is matched betting and how I do make money risk free?
There are more than 25 online bookmakers in the UK. In order to attract new customers, they each offer free bets, known as ‘Welcome Offers’.
In total they offer over £800 in free bets to new customers.
In order to receive the free bet, bookmakers require you to place your first bet. An example offer is ‘Bet £5, Get £20 free bet’.
The risk is that you could lose both the £5 bet (your own cash) and the £20 free bet.
By using a technique called matched betting, we remove this risk.
This is because we match our first £5 bet on the bookmaker with a £5 bet on a betting exchange on the opposite outcome (this is known as a ‘lay bet’).
For example, we bet £5 on Man Utd to win on the bookmaker, and £5 on Man Utd not to win on the betting exchange.
As we have now bet on all outcomes, regardless of whether Man Utd win, draw or lose, we will neither win nor lose money. However, we have received the £20 free bet!
With the £20 free bet, we can now repeat this process by betting on say Liverpool to win on the bookmaker and Liverpool not to win.
This time, because we are using a £20 free bet but our winnings are paid out in cash, we will always make a profit.
We repeat this process for 25+ bookmakers, one by one. In total we can convert the £800+ in free bets to over £600+ in actual cash profit, in very little time at all.
 
2) How popular is matched betting?
Matched betting isn’t new and has been around since at least 2005.
However, it is only since 2015 that it has really increased in popularity due to the rise of websites teaching matched betting. You can see this trend here: Google Trends Link
By looking at the various matched betting sites popularity, a reasonable estimate is at least 25,000 people in the UK are matched betters. You can see a review of sites that teach matched betting in the ‘Which websites teach matched betting?’ section below.
 
3) Does it involving gambling?
This is the most common assumption with matched betting. You’d be forgiven for thinking that it did involve gambling simply because the name ‘matched betting’ would suggest it did.
However, matched betting does not involve gambling, you will never be risking a penny.
Because we are always covering the opposite outcome occurring, there is never any risk we will lose money. Furthermore, we still receive the free bets which we will where we make our profit.
The profitability and risk free nature of matched betting has been reviewed in the Daily Telegraph and the Guardian
 
4) How much will I need to start?
You can start with as little as you want, however the lowest I would recommend starting with would be £25.
With £25, you can start your first bookmaker welcome offer and make a deposit into your first betting exchange, meaning you can start making a profit.
For more details, see this Starting with £25 guide.
The downside, with only £25 you are restricted by having to wait for withdrawals before you can move onto the next offer.
Therefore, I would say an optimal amount to have available for your cash flow would be in the region of £200 as this allows you to complete multiple welcome offers simultaneously.
 
5) How long will it take me to learn matched betting?
To learn the principles of matched betting, it will take up to 20 minutes.
To become familiar with completing your first offer, I would set aside another 30-60 minutes so you can take your time and ensure you are completing it correctly.
For example, the video guides on Team Profit last a total of 21 minutes (8 minutes for the explainers videos and 13 minutes to watch the step-by-step real time example). Although they last just 21 minutes, some users watch certain parts of the video again to become comfortable with the process.
It is very much recommended to avoid trying to learn matched betting by yourself. There are thousands of experienced matched betters who can help you. For more details on this, see the ‘Which Websites Teach Matched Betting’ section.
If you need any help anytime, please do comment in this Reddit thread and I’ll help you out.
 
OFFERS
 
1)How much money can I make matched betting from the welcome offers (new customer only)?
From the welcome offer, you can make approximately £1,000 cash profit.
There are 25+ bookmaker offers available on sports for at least £600 profit. These are relatively straightforward offers and good value in terms of time to complete. It would take around 12 hours to complete these offers, which works around £40 / hour tax free. You can complete them over any time period you like.
There are at least another 5 bookmaker offers, such as Bet365 and BetVictor, though these require more time, you could make around £100 to £200. They require more time because the bookmaker requires you to bet many more times before you can withdraw.
Plus 20+ offers across casino and bingo, though some are not risk free and typically take more time to complete, but you should be able to make at least £200 profit from these offers.
So overall, there is an easy £600 profit risk free, then up to another £400 if it’s worth your time to do them.
 
2) How much is a free bet worth in actual cash profit?
A £10 free bet is worth between £5 to £8 in actual cash profit.
The reason for the range is because the higher odds you choose for your free bet, the more actual cash profit you will make.
For example, if you bet on a football team with odds of 2.0, the £10 free bet will convert to around £5 cash profit. Whereas if you bet on a football team that is unlikely to win, with odds of say 6.0, the £10 free bet will convert to around £8 cash profit.
Note though, the higher odds you choose, the more you will need in your betting exchange account in case the bet wins. For a detailed explanation with examples, read this free bet profit article.
 
3) After I have finished the Welcome Offers, how much money can I make matched betting each month (from existing customer offers)?
Anywhere from £100 to £1,000+ per month.
Bookmakers continue to run free bet offers to retain their customers, I refer to these as Daily Offers.
Daily Offers are typically less valuable than the welcome offers but still worth completing.
For example, rather than ‘Bet £5 Get £20’ that they offer to new customers, they may instead run ‘Bet £20 Get £10’ and on a particular football match.
I would say for people with a day job, aiming for between £300 to £500 a month is realistic. In terms of time required, for every hour you spend, you should make around £30 tax free.
So to make £300 a month, expect to spend around 2-3 hours a week. I’d say to earn more than this, you will likely need to accept a lower hourly rate and do some of the low value offers too.
If you are looking to make £1,000+, I’d expect you would have to be near full time and also be fortunate to keep your enough of your bookmaker accounts open for 12+ month period (what is mugging bet FAQ below).
 
4) What type of offers are available for existing customers?
 
Easy offers:
The most common easy offer on football matches is Bet £20 Get £10 free bet. Many bookmakers run this offer, though it will usually be on a particular football match.
The most common easy offer on horse racing is usually on SkyBet, who will run simple offers such as ‘Get £25 free bet if your horse comes 2nd or 3rd’.
There are also easy casino offers, such as ‘£5 risk free’, where you spin on slots and hope to win, if you don’t they’ll refund up to £5 of losses.
These offers can make you up to £300 per month (or £500 on a good month with European football) and are easy for those with a day job.
 
Harder offers:
If you are looking to make more than £300 to £500 a month, then you will need to spend time on Saturday’s completing horse racing offers on Channel 4 racing and during the week too, though Saturday’s are the most profitable.
Plus you will need to do more advanced offers such as football accumulator refunds, each way offers, though I will leave these aside given they could have their own separate thread :p
If you’d like to understand where you can learn more about these offers, see ‘Which sites teach matched betting?’ FAQ below.
 
BOOKMAKERS AND BETTING EXCHANGE
 
1) Which bookmakers have the best welcome offers?
 
There are 3 formats of bookmakers welcome offers.
 
‘Bet £X Get £Y free bet’ - these are the most straightforward. Simply place your first bet and receive a free bet.
This format of welcome offer, ranging from Bet £5 Get £20 to Bet £50 Get £50, is available on Coral, SkyBet, BetBright, Betfred, Paddy Power, BetStars, William Hill, Stan James, Betway, Ladbrokes, TitanBet, 32Red and MarathonBet.
 
‘Refunds’ (also known as Risk Free offers) - these are similar to Bet £X Get £Y free bet. The only difference is you only receive your free bet if your first bet loses, hence I refer to these offers are refund offers.
This format of welcome offer is, ranging from £10 to £50 refunds, is available on Bwin, Dafabet, UniBet, Totesport, 188Bet, SuperLenny, Genting and 888Sport.
 
‘Multi Bets’ - these welcome offers require multiple bets to be placed before receiving your reward. It can take form of a bonus which requires to bet £X amount until you can withdraw any winnings, or the form of a cash reward once you have bet £X amount.
This format of welcome offer is available on Bet365, BetVictor and some other bookmakers, however they often require such a large amount of betting that I haven’t included them in this list.
The quickest to complete are the Bet £X Get £Y due to their simplicity, then the next best are the ‘Refunds’ offers.
The Multi Bet offers can be very valuable (e.g. Bet£365’s offer is worth over £150 profit risk free) but can also require much larger deposits in order to place the bookmaker bets and lay these bets in your Exchange.
 
For details of each bookmaker offer, see this Welcome Offer List & Guides
 
2) Which bookmakers have the best offers for existing customers?
 
Bookmakers vary in their level of generosity to existing customers. This is a little subjective, but in my opinion, this is the ranking of bookmakers for existing customers:
 
Best: Bet365
Bet365 run a £50 Risk Free offer most months (sometimes twice a month during popular football months) which is worth £35. It is very quick to complete (less than 10 minutes) so for £35 to £70, or around £500 a year, it is a great offer.
Plus they have one of the best horse racing offers, up to a £50 risk free bet if your pick a winning horse with high odds. This is a profitable offer worth around £20-£30 a week, or up to £1,000 to £1,500 a year.
 
Second Best: SkyBet
SkyBet run regular £5 to £25 free bet offers on horse racing and football, plus regular £5 risk free offers in SkyVegas.
 
Third & Fourth Best: Coral and Paddy Power
Both these sites run regular horse racing, price boosts and football offers (Bet £20 Get £10 in particular), at least £20 to to be made on every week from these two sites.
 
Good: William Hill, Ladbrokes, BetStars, Stan James, Betway, Bwin, Betfred, Totesport, 188Bet, 888, BetVictor
All these bookmakers run offer(s) each week so it’s worth ensuring you have completed the welcome offer for each of these sites so you can take advantage of their daily offers for existing customers.
 
3) What is mug betting?
If you are only ever betting when you receive an offer, the bookmaker will no longer allow your account to receive free bet offers (this is known as being ‘gubbed’).
To get around this, you should place ‘mug’ bets. ‘Mug’ bets are simply bets that a ‘mug’ punter would place. Mug bets include £1 accumulators (betting on several teams to win) and betting on favourites without an offer.
Most advice suggests that for every offer you receive, you should place 2-3 mug bets.
If you are gubbed, it does kinda suck when you receive the email, as you can no longer profit from the bookmaker’s offers.
It is also becoming increasingly common as bookmakers are noticing more suspected matched bettors, due to its increasing popularity. My advice is to make money whilst you can and take sensible precautions to try to keep your account active.
For more details, see this Mug Betting article
 
4) What is a betting exchange?
A betting exchange is a marketplace for customers to bet between each other on the outcome of particular events. This differs from a traditional bookmaker because an exchange also gives you the ability to be the bookmaker yourself and take bets from other exchange users.
Standard bookmakers generate profit by offering odds that are in their favour. Betting exchanges explained in terms of how they generate revenue is they charge a commission on any winnings a player receives.
The two market leading betting exchanges are, Betfair and Smarkets.
For more details, Betting Exchanges Comparison.
 
5) How we use betting exchanges?
When matched betting, a betting exchange is used to place our lay bets (the opposite bet to our trigger bet). So when we place the trigger bet with the bookmaker on one outcome to release the initial free bet, we must also cover the opposite outcome so that if the bookmaker bet does lose we still win on the lay bet - making it risk free!
Similarly when we are placing the free bet bet with the bookmaker we then lay off that bet using the exchange and because we’re using a free bet but being paid out in cash, this is how we turn free bets into withdrawable cash.
We only ever use betting exchanges for lay bets.
 
ADDRESSING COMMON CONCERNS
 
1) How sustainable is matched betting?
Matched betting over the past 6-9 months has become harder. Most bookmakers have realised they are thousands of matched betters taking advantage of their offers and so have either reduced the generosity of their offers or have made the daily offers more complicated.
However, there is still intense competition between the bookmakers, meaning they will always run special offers to an extent.
By spending a few hours a week, you can still make £300 to £500 a month, whereas in past year(s) this figure could have been £500 to £800.
The biggest issue matched betters face is being ‘gubbed’. As explained in the mug betting FAQ, this is when a bookmaker restricts you from receiving free bets and bonuses.
There are various theories as to how a particular bookmaker decides to to gub a customer. Reasons include taking up too many offers, winning a high % of bets, withdrawing regularly, placing bets far in advance or at irregular times.
The truth is nobody really knows precisely why people gubbed. However, you can expect to get gubbed at some point from a particular bookmaker, it may be 2 months, it may be 2 years, it is hard to know.
I really think though that everyone can make up to £1,000 from the Welcome Offers and at least £300 to £500 a month without any problems. I think the issues comes when you are making £1,000+ every month which sooner or later bookmakers will catch up that you are taking up a lot of offers.
Having said this, some people say they have been making £1,000+ every month for years, so maybe it is possible if you are using a wide variety of bookmakers and consistently placing mug bets.
 
2) Will it impact my credit rating?
Having betting activity on your bank statement does not impact your credit rating.
The only thing to be wary of when making betting deposits and withdrawals is that it can affect your application for a mortgage. So if you’re planning on applying for a mortgage in the near future then I’d recommend using a separate bank account to that which you’ll be applying for the mortgage with.
 
3) Do the bookmakers have terms to stop customers from withdrawing?
The vast majority of welcome offers do not have any withdrawal restrictions.
A handful of welcome offers do but this will be state in the terms and conditions. It is much easier though to use a matched betting website as they will clearly highlight the key terms of each offer (see ‘Which websites teach matched betting’ section below).
Casino offers will almost always have withdrawal restrictions, however for the matched betting welcome offers we are focusing on sports betting.
 
4) Do I need to know about sports?
Not at all! You do not need a sports background or have any sort of betting knowledge, many matched betters do not know anything about sport or betting before learning matched betting.
You may learn matched betting a little faster if you have sports betting experience but it really isn't important at all.
 
WHICH WEBSITE TEACH MATCHED BETTING - YOUR OPTIONS
 
There are 30+ websites that three key stages to matched betting:
Stage 1) Learning matched betting
Stage 2) Completing the Welcome Offers (for new customers)
Stage 3) Profiting in the long term from Daily Offers (for existing customers)
Below I have tried to cover the main sites that will help you with each of these stages.
 
In summary, I may be biased :p but I think the:
Stage 1) and Stage 2) best approach is to use TeamProfit.com
Stage 3) Join a paid membership site, either OddsMonkey.com, ProfitAccumulator.co.uk or ProfitMaximiser.co.uk to continue to make money from the Daily Offers.
 
FREE SITES:
 
TeamProfit.com (link)
I really believe Team Profit is the best site to learn matched betting and complete the welcome offers, but compare us to the other sites and see what you think!
Learn matched betting with animated videos (link)
25+ Welcome Offers using the step by step guides (link)
A free Facebook group to provide help to you anytime you need (link).
 
MoneySavingExpert.com (link)
The advantage of MoneySavingExpert is the sheer volume of content, covering all aspects of matched betting.
The disadvantage of MoneySavingExpert it is not well structured as it is just one forum with a long lists of posts so it takes quite a while to find relevant threads and miss key information.
 
MatchedBettingBlog.com (link)
The advantage of MatchedBettingBlog is the clear layout of the daily offers posted each day for with step by step instructions. It’s a good site to check to avoid missing the best and easier daily offers. The forum community also helps to post additional offers on top of those listed on the homepage, and also provides general advice on completing daily offers.
The disadvantage of MatchedBettingBlog is it is relatively limited in terms of teaching matched betting and does not provide a clear list of welcome offers. Also, for those looking to make £500+ every month, it doesn’t provide any software to help with the more advanced types of matched betting with daily offers, such as horse racing refunds and accumulator refunds, that the paid member sites offer.
Additional free matched betting sites include:
Matchedbettingfree.co.uk (link) (Reddit thread link)
Freebets4all.com (link)
 
PAID SITES:
 
Paid sites usually charge £15 to £25 a month.
In return, they will teach matched betting, provide list of welcome offers and provide daily offers too. Additionally, most paid sites will also provide software that helps to make you more money plus save you time.
 
OddsMonkey.com (link | non)
OddsMonkey charge £15 per month or £150 per year.
They are the most well known provider of matched betting software. Earlier this year, they added the full range of matched betting services, so now they provide all of the below:
Tutorial articles
Welcome offer step by step guides
Daily offers calendar
Software: OddsMatcher, Horse Racing Refunds, Tennis Refunds, range of calculators and spreadsheet
Forum
The advantage of OddsMonkey is the exceptional value. They have the best range of software and tools for matched betters to maximise their profits, are consistently bringing up new tools at no added cost. At only £15 per month it is one of the best options to consider.
The only disadvantage is the forum is not as busy as the next two options, ProfitAccumulator and Profit Maximiser. Though the forum is still a sufficiently active to ensure any questions have you are answered quickly.
 
Profit Accumulator (Link - Chazmer87's I don't have one | non)
Profit Accumulator charge £23 per month or £150 per year
Profit Accumulator helped to bring matched betting to the main stream with a highly active community. There are clear similarities between OddsMonkey and Profit Accumulator in terms of their high standard of software and offers.
The advantage of Profit Accumulator is their very active community. There is a great deal of advice in virtually every aspect of matched betting and the information is all well structured. Plus they have a very good offers coverage.
The only disadvantage to Profit Accumulator is the higher cost. The membership itself is £23 per month, plus their version of the Horse Racing Refunds software is £10 per month, or £115 a year. So in total you are paying £33 per month versus OddsMonkey’s £15 per month.
 
Profit Maximiser (Link | non)
Profit Maximiser is run by the original matched betting guru Mike Cruickshank.
Mike has been building software for matched betters for many years and has a very active Facebook Group.
Each piece of software is sold separately, I believe the below is accurate, each have their own £1 free trials:
Bonus Bagging £27 plus VAT - provides a list of all welcome offers and teaching (Link | non)
Profit Maximiser £97 plus VAT - provides all daily offers (Link | non)
Each Way Sniper £47 plus VAT - provides a horse racing betting system (Link)
Accumulator Generator £149 plus VAT - provides a football betting system (Link)
I believe Mike may have a couple more tools, if so I’ll edit this post if you could please comment / send me a message.
The advantage of Mike’s products is that there is no monthly recurring fee, so if you intend to do this for many months, it may work out profitable to do so. Plus from what I understand their Facebook Group finds some lucrative casino loophole offers faster than other matched betting providers.
The disadvantage of Mike’s products is that you have to buy each product separately rather than having it all within one simple account. Additionally, the total cost if you were to buy all 4 above listed products is £320 + VAT (total cost £384) whereas you could receive all these tools for £15 per month from Oddsmonkey. Having said that, Mike’s products do come with a £1 free trial, just be careful to cancel before the trial ends if you don’t want to continue.
Additional free matched betting sites include: Yes Bets link
Pure Profit link
 
ADDITIONAL
 
1) Depositing and withdrawing
To ensure you qualify for the Welcome Offer, use a bank card to deposit into your newly set up bookmaker account. Most sites will allow Paypal too though check the terms and conditions.
If you use Skrill or Neteller, typically you will not qualify for the Welcome Offer (bookmakers have this rule to prevent fraud) but you can check the terms and conditions.
Withdrawing is easy, you should receive your funds within 1-3 working days depending on the bookmaker.
 
2) Sending identification documents
Occasionally, bookmakers may require to send in identification documents (passport or drivers licence for example) and a copy of your bank card. This is to prevent fraud. This usually happens if you are not listed on the Electoral Roll or there is a difference between your home address and billing address. Simply take a photo of the documents they ask for and email them back.
 
THAT COMPLETES THE MEGA FAQ GUIDE TO MATCHED BETTING!
 
If you have any questions, comments or suggestions, please do post a comment thanks!
 
submitted by greenmachine9 to beermoneyuk [link] [comments]

Beat the bookie

So hello to anybody reading this, my first Blog!!
I have just finished reading a great book on the world of sports trading and thought to myself...Hey, I have a system, or a way of competing with the bookies to make a profit which I'd love to share so why not do it. So here I am and here it is. Now there is nothing too technical or ground-breaking about my system but I do believe that if followed correctly, over time it will work and become profitable.
So what made me come up with this System?
A few months back I began looking around the Internet for successful betting systems as I was getting tired of the depressing task pressing deposit but never withdraw through my various accounts. Iv always had a passion for going up against the bookies but with little or no success and thought, surely there must be a better way. So I decided to start trying out a few of those 'challenges' as the 'tipsters' seemed so successful. It wasn't long after that I managed to turn £10 into £500 by backing at odds roughly 1.12. This was great and I thought yes iv done it, I've finally beaten the bookie!! My plan was to withdraw the £490 and go again with another £10.
The joy was short lived. The first problem was going from making £30 plus per bet back to single £'s. Putting the same amount of care and attention into going from roughly £400 to £445 to £10 to £11.20 just wasn't there. I found myself regularly losing before even hitting £100. It was hard to understand at first and made me realise how lucky I actually was to make it to £500. I was back to square one.
I knew that what I had achieved had its positives but also a huge negative. I was risking all my bank every bet, and so one single loss would override all the wins. Also I would be again depositing yet another £10. I had to find a way of never depositing with my money and also stop the £500 or nothing mentality. So after a bit of thought this is what I came up with.
The System
£10 - £20 = initial deposit returned (free bet) £10 - £50 withdraw £40 ] £10 - £50 withdraw £40 ] £10+ £10 - £50 withdraw £40 ] = £210 = Level 1 £10 - £50 withdraw £40 ] £10 - £60 withdraw £50 ]
Start with £10. Hopefully this will be the only time you ever need to deposit your own money.
By using odds ranging from 1.08 to 1.12 increase your bank to £20. I do all my betting on Betfair Exchange as you have the ability to set you own odds and also lay bets if needed. The type of bets I prefer are under goals. So for example if a game was 1-0 and roughly half time, I would place a bet of under 4.5 goals in the game which is usually around odds of 1.10. Being selective and a little bit of luck should see these bets win far more often than the rare times they don't.
Once at £20 withdraw the £10 and hey presto you have your initial deposit back. If you fail at this stage, deposit another £10 and repeat the process until you are in a position where you have a free £10 to start with.
Now we have £10 of the bookie money it's time to repeat the process, but this time we are going to £50. This may seem a lot further than £20 but as stakes increase, so do the winnings.
You now have £50 in your betting account. I call this 'level 1 leg 1' completed. I will explain this later. Simply withdraw £40, set it aside and go again with the remaining £10. The beauty of this is if you fail on a leg you simply revert to your £40 bank and go again.
Repeat to same process 5 times or until you have a bank of £220. Or another way of looking at it is £40 * 5+20 = £220. This is what I call Level 1 completed and within each level are the 5 legs.
Level 2
Exactly the same as Level 1 but we now up the stakes. Notice we went to £60 in the last leg. This allows us to have a starting bet of £20. In Level 1 we had a target of 5 times our starting bet and so we will use this rule again. £20 * 5 = £100 and so this is our new target. We then withdraw £80 and add it to our bank. Although it may seem a much bigger gap, there is actually no difference to Level 1 and should take the same amount of time in the same amount of bets proving you use identical odds. So Level 2 Leg 1 is £20 to £100. If your bank falls below the Level Target then drop back a Level until complete
Repeat as before through 5 Legs remembering that Leg 5 you will need to go to £120 in order to allow a starting bet for Level 3. You should now have a total bank of £640.
Level 3
Repeat once again. We once again double our starting bet so now it is £40 and our target is 5 times this amount which is £200. Again I stress that this is no different to Level 1, we are now just using larger stakes. For Level 3 to be complete we should have a total bank of £1480.
Options
There are a few different things that we could now do once Level 3 is complete.
1) We could withdraw the money and be pleased with our return 2) We could carry on to Level 4 3) We could repeat Level 3 Leg 5 but rather than adding the winnings to our overall bank, we could withdraw as profit. So for each time Lv3Lg5 is complete we make £160. For each Level we complete this figure would be double and so for completing Level 4 we could be looking at a continuous profit of £320.
In Summary
As mentioned at the start of this post, my previous problem was trying to turn £10 into something significant like £500. Although it can be and has been done, its a long shot and would see many losers before a winner. With this system I believe I have addressed all my weaknesses. Smaller Steps - the steps between targets a smaller allowing for loss and recovery No more depositing my own money - using winnings instead Scalable - Can go as far as I like. My personal target is to complete Level 4 and reap the rewards Safety net - Each leg won allows 5 losses before even.
My current progress is £520 with £20 locked and loaded to go again. Sticking to the rules is the key as deviating will only give the bookie more of an edge. I will try to update my progress frequently and I welcome any feedback, comments, criticism and please if you are having a go, keep me posted on how your doing.
Cheers for reading Danny
submitted by dannyg_87 to gambling [link] [comments]

How do I use a p-test to determine how many bets are needed to show a prediction model's works and is not "luck"?

I have an algorithm that picks "back" and "lay" bets for races on Betfair. How many bets (of each back and lay) do I have to predict in a holdout dataset to be satisfied that the algorithm's results are not chance? I hope to keep the question narrowed to the statistical test for that, and not on gambling or algorithm building, etc. The results below are hypothetical.
This page suggests calculating a p-value with this xlsx spreadsheet which requires the number of bets, yield, and average odds in order to calculate the standard deviation, t-statistic, and p-value. If the p-value is less than 0.01, then I can say with 99.99% confidence that it's not chance alone. Correct?
That seems straightforward for back bets. If I make 1050 back bets with an average profit yield of 0.2 (20%) with average decimal odds of 5, I have a p-value of 0.001 and can be confident that the system works.
However, how would I do the same calculation for lay bets? If I have 7,000 bets with an average profit yield of 0.05 (5%) and average decimal odds of 10, it doesn't seem intuitive that the same calculation as back bets should work. For every bet, on average, I am risking $10 to win $1. Does anyone have an idea on how I should use the data I have to determine if the results are chance?
(For reference, a "back" bet is to win, and a "lay" bet is to lose. As an example, if I back $1 on a participant with decimal odds of 5, if that participant wins, I get paid $4 profit + the $1 I bet. If that participant loses, I lose $1. If I lay a participant with decimal odds of 6 and that participant loses, I get paid $1. If that participant wins the race, I lose $6.)
submitted by bitcoinbets_com to AskStatistics [link] [comments]

LIVE Trade Lay to Back Betfair Trading Back to Lay Trading strategy for profit on Betfair How to place a lay bet Understand BACK & LAY! (Betfair & Orbitx) How to lay a horse to lose on betfair

That is because a lay bet is only available on a betting exchange such as Betfair. Find out more about Betfair in this post. A betting exchange is a peer-to-peer betting platform that matches the bets of two users. Arbitrage betting can be repeated over and over which is what makes it attractive. Specifically this type of betting is called back lay betting. A back bet is made with a bookmaker with a corresponding lay bet being made at a betting exchange like Betfair (Betfair FAQ). The rule is back high and lay at lower odds. Betfair trading – Lay the draw – Automatically Author Dallas Posted on 5th August 24th June Overview of the Lay the draw Betfair trading strategy Trading football is an intuitive and popular strategy on Betfair, everybody has an option on... Lay betting can help you clear sportsbook bonuses through matched betting. Lay Betting in a Nutshell. You can think of lay betting as the exact opposite of traditional betting. Instead of backing a team to win, with lay betting, you’re wagering your money that the team in question will not win. Any other outcome will bring money your way. Betfair International Plc is licensed and regulated by the Malta Gaming Authority. Licence Number: MGA/CL3/454/2008 17th March 2015, Triq il-Kappillan Mifsud, St. Venera, SVR 1851, MALTA.

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LIVE Trade Lay to Back Betfair Trading

Video outlining how to place a lay bet on Betfair - one of the essentals when match betting. For more information on Matched Betting and earning RISK FREE profits check The Punters Choice at - www ... Bet Smart - Back to Lay Betfair Strategy - Last Sunday - Caan Berry - Duration: 5:59. Caan Berry Pro Trader 33,985 views. 5:59. Stock Market Break Down 8:30am Penny Stock Scanner & Gap Scanner ... Follow the blog @ caanberry.com Or on twitter @CaanBerryTrader ... This video is a recent example using the back to lay betting strategy on Betfair's exchange, using Geeks Toy. If you're not ... It's often the bridge that closes the gap between punters and Betfair traders. Many years ago it was something that interested me, before I started to trade Betfair full-time. What is a lay bet? We have the answers to your questions. In this video, we explain what lay betting is and how it makes matched betting possible. For other matched betting techniques, read more ...