100% deposit bonus
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Hello, i am quite new to matched betting and have a question about a 100% deposit bonus.
Lets say the bookie “bestBets365” (made up bookie) has a 100% bonus on your first deposit. Let’s say i deposited 75€ and they gave me an extra 75.
I got 150 to play with then, what happens if i place 3x 50€ bets and ALL of them lose, but obviously my smarkets lay bets win 3 times (stake calculated with the calculator on this site)
Then of course my funds @ bestBets365 are 0.
And now this is where i am just too slow in my head to figure out if i am correct or not, but i think i am when i assume that i already profited ~65€ from this offer, right? even though i never got to withdraw anything from bestBets365
Or am i wrong about that? is there any reason to deposit at this bookie again like haven’t i fully received the bonus yet ? obviously theres roll over requirements before withdrawing it but by matching they dont really matter and i already have profited as much as possible from this offer right?
I am sorry, im not the smartest when it comes to maths…
So basically my question: have i profited as much as possible from this offer already and have i done everything correctly?Thank you 🙂
+0April 15, 2016 at 12:44 pm
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Thank your for your response FoG_BLoG
That’s exactly what i meant, i do understand that there is a chance of winning on the bookie, but in my scenario with a bookie that has reasonable rollover requirements (3-6 times, and i only deposited 75€, + 75 bonus, 6x 150 = 900€) let’s say if i won all the bets that you stated, i won the 1342,50 on the bookie, i can just place qualifying bets worth 900€ on lets say games where both backing and laying odds are 3.0 and 3.0 (i understand it could take a while to find them, but they do exist) i would then lose a total of 12€ from those qualifying bets, no matter if i do 9 bets worth 100€ if they state you can only unlock 100€ of the bonus max with one bet, or if they dont have that i could do like 3x 300€ bets, if i find enough games with 3 v 3 odds or even 3.2 vs 3.3 i would still profit.
And if i win THOSE i will have unlocked the requirements to withdraw them either way, its not like i could go on a 20 wins winning streak and never be able to withdraw those funds.
Of course, lets say i deposited 100€ with a 100% bonus and the rollover requirement was 30 times, it would be a whole different story, but even in that scenario you would still profit with this tactic if you have enough funds on your exchange account
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No even then you wouldn’t profit, with a 30 times rollover requirement? I don’t think you understand the dangerous situation that you could put yourself in or put someone else in who is reading this and believes that you can just “lose to the exchange”.
+0Alright, just forget my question.
i still dont see the fault here, but i guess i will just find out myself soon+0
By the way ….
“Thank your for your response FoG_BLoG
That’s exactly what i meant, i do understand that there is a chance of winning on the bookie, but in my scenario with a bookie that has reasonable rollover requirements (3-6 times, and i only deposited 75€, + 75 bonus, 6x 150 = 900€) let’s say if i won all the bets that you stated, i won the 1342,50 on the bookie, i can just ….”
Let me stop you right there. Did you not see that your exchange is already down over £1200. A lot of people can’t “just” continue in that situation. You need to come up with a whole bunch more funds.
+0I totally get that, that’s why i would never bet on anything with odds greater than 6.0 if its over 50€ and nothing over 8.0 if its over 25€.
My example was with 3.0 odds, and of course i only bet on things when i know i have enough on my exchange to cover for wins.
And if you won them with a 5 times rollover requirement, you wont need that much money to cover for that, maybe a few hundreds (you would get them back in the end once you met the requirements to withdraw the funds from the bookie)
But of course in your scenario one would need maybe 3-5k euros to cover for a huge win like 14 villa 9 palace and 4 west ham. in my scenario i would pick teams with odds ranging from ~2.8 to 5.0 and if all of them won then it still wouldn’t be THAT much to cover up for – to me at least, i was only talking about myself.
+0This whole discussion missed my first question
My question was in a scenario where i lost all 3 50€ bets at odds of about 3.0 each, i am done with this bookie. i fully profited from the bonus.My question was if that was a correct assumption if those outcomes are the case.
that was all i was trying to find out originally, i am not saying thats a tactic, i was wondering that IF this is what happens i fully profited from that bookies bonus.+0
Case Study 1:
https://matchedbettingblog.com/topic/big-pickle-winner/#.VxEBJjArLIU
“Hi guys,
I’m new to the forums but have been following the site for a while now.
I am currently in a very sticky situation. On Saturday I joined Winner to use their sports bonus (Depositing £200 to get £200 bonus), the rollover requirements are ridiculous and almost impossible to complete so I was planning on just losing the money in that account to win it in my Smarkets account.
After a lot of bad luck I have now found myself with £1600 in Winner (£1400 of my own money through losing from my Smarkets account since odds were at least 3+) and don’t know what to do, I still have 10 days before the bonus and winnings are scrapped but now I’m scared to continue betting in case I keep funding the Winner account.I don’t care about making any profit now, i just want my money out. I am all out of ideas and would really appreciate somebody’s wisdom?
Thanks in advance,
Scott”Case Study 2:
https://matchedbettingblog.com/topic/winner-deceptive-200-welcome-bonus-help/#.VxEAmTArLIU
“So I opened an account with Winner, depositing the full £200 to get £200 matched. I read the summarised T&Cs but couldn’t open the full ones, so I just clicked accept anyway…
There is a £3,200 turnover requirement, and if you happen to keep winning in Winner and your lay bets in the exchange lose, you CANNOT withdraw any of the profits until you have bet on 8 different matches with at least £50 each. This wouldn’t sound so bad until you realise they will effectively STEAL money you have made in your account, using your own money, unless you have done these 8 bets (which reduces your likelihood of a quick payout) AND THEN bet £3,200! That means if you’re unlucky – like me – and your 3/1 shot comes off you’re left with £1,440 in your account and you need to either clear it, or bet another £1,800 just to make sure you don’t LOSE IT ALL after 14 days.
Has anyone else had this problem? How did you get around it?? This is NOT a welcome bonus that should be endorsed on Matched Betting Blog EVER IMO…”
Case Study 3:
https://matchedbettingblog.com/topic/winner-co-uk-help/#.VxECGjArLIU“Right, I need help!! Opened an account with Winner yesterday and deposited £100. This was matched with another £100 and I put it all on a draw in the Wolfsburg game today. I’d looked at the form and thought they’d win. The tossers drew. So I’ve not got over £800 in the Winner account. How do I get rid of this?
Do I bet through the whole £1600 wagering requirement, withdrawing money from my savings account and topping up my Betfair account?
Or do I try to lose the whole lot? If I go for this option how do I do it in a sensible way which keeps as much of the profit as possible?”
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Long and short of it DON’T do any sign up offers if you do not have the necessary funds to clear the bonus or the knowledge to complete them
+0Point taken, my bookie would have offered 100% up to 100 as well, i chose to only deposit 75 for that exact reason. because theres a big difference between having to roll over 150€ 3 times or rolling over 400€ a lot of times like @ winner bookie
I was only talking about my case, i completely get your guys’ point, but in my scenario it is just impossible, since after youre rolled over 450€ in my case you would be able to withdraw the funds anyways!
and that was all im asking, i was asking did i fully benefit from my bonus already, and yes i did. i do have enough funds to cover up to a bookie of up to ~1000€ right now, the worst case in my case was winning so much that i would just have to find some good odds to still make profit, since after 450€ were rolled over i wouldve been able to withdraw anyways.
I do realize that other scenarios can have a horrific outcome!
Thanks guys, i may seem like a complete idiot because of the stuff i said, but i do get what you guys are saying and i took that into consideration even before asking my question, i thought about that when i signed up for the welcome offer. thats why i only deposited 75 at a bookie with a 3x roll over requirement
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Okay hsv96. Anyway I’m glad you were able to lose it into the exchange pretty quick which makes it more profitable and convenient.
Just when ppl come up with comments like “lose it to the exchange”, “you just have to lose” then the community here will jump and highlight the dangers.
Matched betting is not about gambling 1000’s or even 100’s or dipping into your savings account to cover a float. So just trying to protect other ppl from taking your advice the wrong way. I think that you got it, but you never know.
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