BetStars new promo
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Just received an email
Same promotion as Sky
Bet £25 through the week and receive £5 free bet on the Monday
For 6 consecutive weeks and not sure if it’s email only?
+0March 22, 2016 at 3:09 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.
Agreed FOG they get you by taking 10% each time….so depending on your back and lay odds you’re losing £1.50 each spin? based on a £10 stake. odds of 10x is 0.5% so it would take you 200 spins to get this 10x multiplier…….granted you would get a few 1.5x and the odd 2x and 5x along the way but just can’t see their being money in it they would have designed it to be profitable for them not us.
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They’ve gotta be working on the principal that overall the punter is gonna lose, as this 10% deduction is what goes on to fund these enhanced odds
Just thinking if there’s any way to exploit it on the MB front?… Maybe spin n win combined with punting a £5 free bet to offset the 10% or the likes?… In hope of hitting the enhanced holy grail
Of course I may be talking absolute nonsense as I’ve had a long day and only had a slimming world ready meal for me tea ?
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On average looks like a bigger profit by taking the spin?!
Take the example of 2/1.
Just straight bet and your profit is potentially £20.
Or spin.
80% chance profit is £18
10% chance profit is £27
8.5% chance profit is £36
1% chance profit is £90
0.5% chance profit is £180So expected potential profit is
= 0.8*18 + 0.1*27 + 0.085*36 + 0.01*90 + 0.005*180
=21.96So when you win you win on average £1.96 if you spin.
Of course this is not enough to make up for the over round ….
Am I right? Best to spin every time?
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No idea FOG I guess no one is actually going to try it but it is interesting…what happens in reality though if you were laying off each bet though…as like I said you’d lose £1 spinning and then even more laying that bet off?
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Yes 80% of the time you make a further loss when laying because your losing that £1 off your back stake.
But 20% of the time you would be making a qualifying profit.
It’s not matched betting and not guaranteed profit. But looks to me that the long term value is in spinning each time – provided they are honest about their numbers.
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Don’t forget that you’re losing the initial sunk cost of the Spin & Bet. The expected profit in the example is therefore £0.96.
In principle, they are profitable for close odds. However, funnily enough, the initial odds offered on the Spin & Bets are terrible! 🙂
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