Bet365 – won in bookies

New to the forum and to matched betting – so Hi all..

I’ve built up about £550 profit in a couple of weeks and started the £200 Bet365 offer.

I’ve just won 450 in the bookies which I now need to get out. But I’m not sure how to set up the calculator….
Obviously the first bet was my qualifier bet and when I was using the resulting £200 free bets they were the free bets but now some of the £200 free bets won at the bookies I’ve obviously lost money out of the exchange and now have more int eh bookies.

When using the calculator to get the £450 out of Bet365 which radio button should I select? Qualifying, Free Bet or Risk Free?

My guess is its no longer a free bet because I’ve won some at the exchange and some in the bookies and I’m now using my cash in the exchange to cover the liability so my guess is its not free any more…?

Cheers

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Dramster
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April 23, 2017 at 10:25 pm

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Sunny 2 April 23, 2017 at 10:34 pm

It was never a free bet to begin with, the Bet365 offer is essentially a cash bonus with wagering requirements. For those, you should use qualifying bet mode or “Free Bet with stake returned” mode. Remember to always read the T&Cs so you understand what type of offer it is!

Are you saying that you used Free Bet SNR mode when placing some of your bets?

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Burger Me 2 April 24, 2017 at 2:36 am

Sounds like you need to slow down and make sure you understand what you’re doing before you do it!

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matchedem
Blocked
10 April 24, 2017 at 7:04 am

Agreed…and this is not a new offer. Should be in the newb forum

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Dramster 0 April 24, 2017 at 9:09 am

Thanks all. I did do all this and *thought* I knew – was obviously wrong. Thanks for the advice. I will certainly be adding this to my ‘lessons learnt’ in my notes.
On posting in the wrong forum my apologies – I thought “new offers” was somewhere to discuss the newbie, welcome offers. My bad.

@Sunny – Yes, after the initial qualifying bet I did all the following bets under Free SNR. I see now that was wrong but what impact does it have?

Thanks all

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deathstar 30 April 24, 2017 at 9:52 am

by doing these as free bets, you have taken the value of the stake out of the calculation, therefore effectively underlaying the bet. if your bets won you will be up, if your bets lost you will be down.

i wrote a guide for these a while ago, but it might be too late now…
https://matchedbettingblog.com/topic/a-guide-to-rollovers-playthroughs-wagering-etc/

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Dramster 0 April 24, 2017 at 12:41 pm

I see, thanks Matt. Yeah I read that guide before I started the Bet365 offer.

So after reviewing the bets – I got £150 of the £200 out by winning at the Exchange and my last bet (£50) won at the bookies.

I actually did a mixture of SNR and SNR free bets (seems I forgot that bit on a couple of the bets) and ended up with £138.37 of the £150 where I won at the exchange.

Than that £50 bet won at the bookies leaving me with £450 at the bookies.

I guess I don’t understand how to work out my real profit…
* I’ve definitely got £138 out of the £150
* And my £50 generated £450 minus the £397 liability at the exchange = £53

BUT I’ve still got £450 at the bookies which needs wagering out

I must be making a mistake somewhere because how can I be in so much profit?

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Dramster 0 April 24, 2017 at 12:50 pm

Thinking it through a little more…

I guess my issue is that the £450 I now have at the bookies isn’t really a free bet any more as a good portion of it includes my money lost at the exchange..

Does that make sense?

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