Few Matched Betting advises needed for a rookie…

Hi guys!
I came across this blog a few days ago when I got interested a bit more in matched betting idea. I am a casual gambler that likes to have a bet now and then. I do not stake a lot, usually do it for fun hoping to win big me silly. I have been gambling like that for over a year now with some really good success rate in previous footy season. Unfortunately as we all know usual gambling will not make you any money in the long term.
I always looked for some way to make extra money on the side just to improve my monthly budget. I have known about matched betting for a while know but never really looked closer into it, only until a few days ago when I decided to give it a go.
One of the tipping sites I have been following for a while advertised a company that had their own website and was specialised in matched betting for newbies. I did get a discount code for 1st month and decided to sign up (couldn’t do a trial offer as I have already signed up with those bookies in the past).
I have just finished 2 offers from their site and came up with £27 of profit.
I couldn’t believe how easy it was (now when I know what I am doing and found this magnificent blog – big thanks to the author by the way – I will cancel that subscription:).
It only took me about 30 minutes to go through the basics and I was able to place my very first matched bets. £27 for nothing hehe.
Now I would like to make matched betting a part of my life but wanted to know how you guys deal with it.
I did read a lot of guides and tutorials now so have some basic knowledge.
I wanted to know what is your strategy.
*First of all I am a bit worried that matched betting could leave some sort of bad footprint on my financial history. I do not want my bank to think I am a gambler and wasting money. What is the best way to avoid that situation? Do you know any reliable institutions offering a debit card but not necessarily a bank one???
(I have already made a boo boo when doing these 2 sign up offers and now have 4 bookie operations showing in one same day on my statement for overall amount of £120 and it scares my a bit as my mortgage offer may need to be renewed in February so they will probably see the money going out on gambling)
*Can my credit score/history get affected by signing up to to many bookies?
*How many bookie accounts should I go for as I know it might be hard to maintain all of them and what are the best ones to follow?
*How do you keep track of your profits? Do you use any software or a spreadsheet?
A link to it if one like that exists would be appreciated.
*Is there anything else I should think of as a beginner???
All your help will be much appreciated.
Thanks and good luck with ur matched bets.
Rob

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Rob
3

January 10, 2016 at 9:24 pm

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.

Learn Matched Betting

kjillman 1 January 10, 2016 at 9:36 pm

Welcome aboard. Basically if you follow Matt’s blog and check in on the offers section in the forum there will never be a need for these paid subscription sites where they email you the offers for each day.

Bookies – sky,paddy,bet365, william hill,ladbrokes are the main one’s you want to keep sweet.

If you make a mistake always do the opposite to get out of it.

Quite a few spreadsheets out there, ultimatcher or the one I use is:

https://www.aussportsbetting.com/tools/betting-tracker-excel-worksheet/

The British version pretty simple & straight forward.

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Pavlon 3 January 10, 2016 at 9:46 pm

Hi Rob,

I’m not sure about the credit history / mortgage thing, but over time you’ll be withdrawing more money than you put in.

I have a Google spreadsheet which contains everything. One row per bookmaker. column A has the passwords; B has the bookies (listed alphabetically except with Smarkets and Betfair at the bottom); column C has the funds per bookie; D has amount currently in a bet; E amount deposited that month; F amount withdrawn that month. I then have a table in the next two columns, stating what my bookie accounts totalled on the last day of last month and the amounts deposited this month, and then what’s currently in the bookies combined and how much I’ve withdrawn this month. That then shows how much I’ve won this month, with my target being £500 per month. I’m already on £408.27 since January 1st.

(Once I hit my monthly target, I’ll more willingly take risks with some of the bets for the remainder of the month.)

I highlight a bookie orange if I have any bets going on with them. Once the bets are settled, I update the funds in the spreadsheet, and then highlight the bookie green, so I know I’ve checked and confirmed the balance.

Hope that’s clear – sorry I can’t send a link.

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Rob 3 January 10, 2016 at 9:48 pm

Hi and thanks for your help:)
You are totally right about subscription sites. Now when I found Matt’s blog I will definitely stick to it. Fair play he is doing a brilliant job here. I am gonna cancel that subscription just before my first month with them runs out but first I will squeeze out as much as I can of them:)
Thanks for the spreadsheet info. I will have a look as this is something I am after.
Rob

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Rob 3 January 10, 2016 at 10:03 pm

Hi Pavlon!

Great idea for the spreadsheet. I am thinking of something similar just to know where I am every month.
I have just started my adventure here and will be trying to build my bank asap.
I am gonna stick to some of these welcome offers for know just to get more money to follow Matt’s tips then.
Unfortunately with all that mess with my mortgage now (house is not ready yet but mortgage offer runs out soon) I want to be a little bit more careful with any sort of betting now that would possibly show up on my statement. This is in case they would ask for fresh bank statements and seeing my betting activity (don’t think they would take on board that I am actually only profiting and matched betting isn’t really gambling) could cancel my application. I don’t think banks like that sort of thing when u apply for a mortgage…
I am thinking about opening other account possibly somewhere else than in a bank. Only condition is it must give me an advantage of having a debit card as most bookie sign up offers are only valid with a deposit made with one of them.
I know that in a long term I will be using PayPal or Neteller but for the starters I want a separate account with a debit card:)
Rob

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Pedro 0 January 10, 2016 at 10:07 pm

A separate bank is a good idea anyway. Keeps things tidy and away from the household budgets.
For match betting purposes I got a basic account with nationwide, which comes with debit card. You can apply online.

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Rob 3 January 10, 2016 at 10:14 pm

Hi Pedro.
Thanks for your reply.
Nationwide would personaly be an own goal for me as their my mortgage provider hehe.
I have been browsing through and just found a site called “ffrees”. They offer something I need so may give them a go.
Thanks for your advice anyway;)
Rob

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Starlord 1 January 10, 2016 at 10:17 pm

What kind of encryption do you use for your excel sheet? I’m guessing it must be strong to trust it with all your passwords?!

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Pavlon 3 January 10, 2016 at 10:19 pm

I use asterisks for most of the characters. I just need a single alphanumerical character to be shown for me to know the rest of the password.

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JDUBU 1 January 10, 2016 at 10:38 pm

Welcome aboard!did you come from Ian’s tips group by any chance?

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Rob 3 January 10, 2016 at 10:52 pm

Hi mate.
No I found the blog just surfing the internet and looking for some info regarding matched betting if that’s what you ask about.
Never heard of Ian’s group:)
Thanks
Rob

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JDUBU 1 January 10, 2016 at 10:59 pm

Oh ok when you said
One of the tipping sites I have been following for a while advertised a company that had their own website and was specialised in matched betting for newbies

Thought you might of come from same group I came from that was all:)

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Tony 12 January 10, 2016 at 11:23 pm

Welcome along!

If you are concerned about how it might look to your bank, use PayPal instead. All bar one of the bookies I have accounts with accept PayPal as a deposit method that will allow you to qualify for sign up and existing member offers.

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Pickle 57 January 10, 2016 at 11:36 pm

Little story from earlier this week. It was time for me to go the the local building society to renew my mortgage. My wife had threatened to kill me if we got turned down due to our joint account looking like a whos who of the betting industry. Anyway our account was up on the screen but the female mortgage advisor id guess about early to mid 20s didnt mention anything. After we got it finalised i said to her i thought she’d have mentioned it. She said they only look at current accounts for new mortgages that are over 75% and anyway she knew what i was doing. She said she sits and matched bets all day saturday when shes off work. I couldnt believe it but she says shes dealt with loads of people who do it. Moral of the story is hopefully its nothing for anyone to worry about in similar circumstances.

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JDUBU 1 January 11, 2016 at 7:17 am

Hi pickle that’s interesting what you have said. In actually in the same boat where I’m getting everything together for a mortgage advisor and praying they don’t check one of my bank accounts. My main current bank account is 100% clean so I’m hoping that will be enough for them not to go checking other one?

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Starlord 1 January 11, 2016 at 7:43 am

Even if you do use your main current account for gambling transactions, they’re only gonna check the last three months of statements. I’ve just opened a separate basic bank account that gives a Visa debit card (some bookies charge a fee for Mastercard) to be used purely for this hobby. I also have Paypal and Skrill to use where possible where possible.

I’d also recommend using Ultimatcher. It’s a good base to start from and if you’re handy with excel you can modify it to fit more with your needs.

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