Advice appreciated
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I’m relatively new to MB, but have completed 6 new sign up bonuses and made about £100 profit. I understand the stats and the maths (I’m a pharmacist, who works with stats every day), but I’m really struggling with betting terms and the T&C having never really bet much in my life before. For example: I have no idea what wager through, in play betting (especially at the Exchange), accumulator really mean. I’m making OK profits (75%), but I realise I need to get a better understanding of the whole betting terminology to realise more profit.
Should I: Find a good book/website that would explain the terminology OR join a subscription site e.g. Odds Monkey (claim to have a lot of tutorials)/Profit Accumulator etc. etc.
Are there any good sites that explain the fundamentals beyond the standard MB, without trying to sell you something?
Does anyone have any experience of subscription sites – is it worthwhile financially while you’re learning; do you leave them after you’ve learnt to stand alone or are their tips/odds matcher features worth staying for?
Are the sites offering ‘strategies’ a scam as some I’ve seen talk about loss and that goes against the whole MB ethos?
Sorry for the long post – just have lots of questions!
Hope someone a bit more experience than me can help, thank you+0September 18, 2016 at 8:58 pm
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New to matched betting?
My Matched Betting Academy is the best place to get started. Learning the fundamentals takes 10-15 minutes and you’ll make £15 in the process.
Learning the fundamentals takes 10-15 minutes and you’ll make £15 in the process.
What sort of bank do you have and what bookies accounts do you hold? And are you banned or restricted on any accounts?
Only asking because £100 in 2 weeks is not a massive amount but a good start and suggests you are probably only utilising a few accounts and offers.
There are a massive amount of offers about without going into the acca offers.
A big offer last week was the 188bet Redcard refund which could have netted you up to £500 (Big bank would have been required!)
Betfred DDHH is another that can pay big dividends (some risk but potentially big rewards). Lots of bookies offer similar goalscorer offers.
888sport is another must have account and love to hand out free bets like sweets!
Loads of horse racing offers every day, Coral BBL is a good offer on a daily basis and C4 racing is usually a very good day.
Not sure you need to look outside the box for different things lots of money to be made with the current offers available.
+0@Tony
I appreciated posts from Mark and deathstar because they tried to answer my questions
I may be new to MB, but I would like to and have the ability to advance beyond simple betting.
I was a bit irritated and felt patronised by people posting basic MB advice to me, which I fully understand. I think having made £100 profit on 6 free bets in 2 weeks would demonstrate I have a good understanding of the basic calculation.
I don’t have a clue about OddsMonkey If I’m missing the point, tell me! Why would I know?
Thank you for the rest of your advice – By adventurous I meant accumulator bets and I don’t have a clue what Acca bet is
This is my problem, I know nothing about gambing+0
Alchemist.
There is lots on the forum, have a read. Still not sure what you want to know by adventurous. There is no harm in just betting and laying on win-draw-win because that is the most popular markets and usually the tightest back and lay odds.
The more adventurous suggestions are listed below. Some will require a big bank roll or float. For example laying a 5-fold accumulator you may need to lay £200 on the final leg. When you’re talking playing with money like £200, its risk free but still prone to human error or website crashes/faults which is costly at that level. So in that sense not risk free. Also be careful of acca legs getting postponed or cancelled which will mean you do not qualify for the offer. Be careful of non-runners which can cause the paid number of places for ew arbing/extra place offers to change and you could get stung bad. Be careful of different rules of retirements for tennis betting for bookie and exchanges. Be careful of Rule 4 deductions or prices shortening when playing some of the free bets for winners promos like 4/1+ on B365 or 3/1+ on betfair. It’s risk free in general but before you get more adventurous I would plug away at the basic offers until you can do them in your sleep and get more used to how bookies operate and terminology and dangers.
Anyway the list in order of adventurousness (just search the forums with the key terms and do your own research after this)
1. Sign up offers
2. Reload offers (basically look at the blog offers and follow them word for word https://matchedbettingblog.com/). Worth £500+ per month and I suppose this is enough for most ppl. You shouldn’t really need to be aiming more adventurous than this level for now in my opinion. This is where you can really build your experience and build up your float/bank roll.
3. Basic horse offers – there used to be a lot more of these around, the best now is probably the 4/1+ Feature offer on Bet365. (Other offers are described here https://matchedbettingblog.com/2nd-place-refunds/). There are lots of threads on this bet365 offer too. At this point you will need a decent float of £1000-ish and be comfortable with methods like underlaying/overlaying.
4. Price boosts/enhanced prices/price bombs/power play/price rush. Sky always has a good one on the weekend football. Paddy come out with good ones all the time, Boyle often have them at half time of big matches. They are basically odds boosted by the bookie and you can lay at the exchange for guaranteed profit. An arb. You can play them for guaranteed profit, or risk-free for a shot at a bigger (but less frequent) payout.
5. Bet365 welcome offer. Leave this until you have built up a float of £1000.
6. Extra place races. https://matchedbettingblog.com/extra-place-offers/.
7. e/w arbs. see the thread on the Matched Betting forum called something like “life after matched betting”.
8. Acca insurance offers. There is already a link on this thread to start your research.
9. Arbs. This is simple enough, don’t know why I left it till the end, but probably do need odds matching service and a big bank roll to make it worth while.
10. Sharbing. Eventually you will lose your online accounts and find the shops are the only way to get your fix of offers. There are threads on this. Search for sharbing.
11. There is a feeling that there is more ways to make money off the bookies out there than I have listed above. Ppl that discover anything else will generally keep it secret so that they can fully exploit it themselves. I’m not at this level yet (I think Mark is). So I can’t really elaborate.
Sorry for being patronising before (not sure if I still am, am I?).
And good luck! Take your share!
+0@HillHill Thanks for the armchair psychoanalysis. I’m going to ignore it as it has nothing to do with MB.
I asked help to move on beyond simple MB betting, which I have mastered and evidenced by my profit over 2 weeks.
Instead of trying to help me you decided to try to attack me:
‘As a research pharmacist, you say that you are used to finding the answers you need, rather than asking other people for help, but during your training, you would have read other research papers, and referenced other people’s work whilst writing yours’
You don’t really understand what quoting is, as that was not my quote or how scientific research is conducted and I have asked fairly normal questions, which you have no ability to answer,+0
Alchemist.
” I have asked fairly normal questions, which you have no ability to answer”.
Actually you have barely asked a single question and definitely not a normal question. Sounds like you don’t know what you want to know or ask.
You have a lot of advice here especially from billhill.
Change the thread to “advice unappreciated”.
It’s forumites like you that we need Patrick or Johnson to sort out. Where are you Patrick?!
+0LOL, So I don’t know how scientific research is conducted. Mmmmmmmmmm!
If only you knew what I did for a living now, you would realise how funny that statement is. You remind me of many of the interns I work with. They often arrive with similar attitudes on life and other people as you. 🙂 We soon sort that out for the better.
But good luck with your MB career anyway.
+0@FoG_BLoG Thank you for the very comprehensive advice list – those were the sort of things I wanted to know.
For the record, all BillHill did was cut and paste my posts back at me and tell me to read Wiki. Not really sure how helpful that is ….
My previous post (11.35pm) was not aimed at you. I do appreciate you taking the time to reply to me and sorry that I obviously irritated you. Thank you again+0
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