Getting Gubbed
-
Hi, guys. Just wanted to draw from the benefit of your collective experience. How likely is it for Joe Punter, like me, to get gubbed? What should I be looking out for to avoid it? Do the Betting Exchanges gub punters? Any and all information around “Getting Gubbed” would be greatly appreciated. P.S. I understand the concept of placing deliberate, mug bets.
+0August 27, 2020 at 9:47 am
-
-
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.
You won’t get gubbed from the exchanges unless you get caught manipulating odds or placing large stakes on known outcomes (i.e fixed matches).
Mug bets have little to no effect on your account longevity and although you are aware of the concept of mug betting, I would hasten to believe that you are unaware of what an actual mug bet is.
A regular punter could easily be gubbed, however they would be extremely unlucky – if they unknowingly constantly take value they would be gubbed just as easily as any matched bettor
+2Cheers, Pea, for this info. I really do appreciate you taking the time to answer in such detail, 🙂 I am fairly new to Matched Betting and it’s been a real “learn-on-the-job” experience for me. I didn’t fancy paying a sub to Oddsmonkey or somesuch and I was very glad to find this blog. Would like to voice my appreciation to Matt and all you boys for contributing; I am currently preaching the gospel of Matched Betting to my fellow “mugs” but they’re still at the “let’s all laugh at Simo” stage—.
+0P.S. May I ask, isn’t a mug bet where you place a silly bet in order to confuse the bookie?
P.P.S. After reading your advice, I am going to stop wasting my money on it!
+0The term mug bet is a derivative of the old term mug punter – however in the matched betting community you will usually mug betting passed around as betting on something that is not related to an offer in order to prolong the account life.
A true mug bet is a bet that swings massively in the favour of the bookie – A true mug bet would effectively be an accumulator, lucky 15, scorecast etc… They are basically bets that have no value. Most people in the matched betting community will usually place what they think are mug bets with selections that have close matches on the exchanges (as to not lose so much money) however these can easily turn into value bets as the majority of the time they will end up beating SP – this will actually do more harm to your accounts than good.
Bookies are looking for customers they can profit from, which can be calculated by the odds you are taking – when they deem you as a unprofitable, you will eventually get gubbed. So take too much value and you will eventually get gubbed.
I started matched betting before these subscription services started and in my opinion mug betting appears to be made up to get you to place extra bets so they could gain affiliate revenue after they realised that most of your winnings end up at the bookies rather than the exchange. I’m pretty sure that none of them now have affiliate links for bookies for this reason as they’re not profitable for them
+1Good evening, Pea,
Sorry this reply is so late— real life gets in the way of my gambling! LOL. Although I can’t wax as lyrically as some, I hope I can make up for it with a sincere thank you? Your information has been really useful to me and I honestly do appreciate your taking the time, 🙂 🙂 🙂 We have been struggling financially for some years and this Matched Betting malarkey is, actually, invaluable to us,
Thanks once again,
Simo.
+1No Problem.
Just to add a bit more information as you appear to be new to this. It is widely regarded that new accounts are monitored more heavily than those that have been open for a long time. I would say this holds some truth as the majority of my bookie account opened before I started matched betting are still going strong – despite hammering the offers since 2013 on a near day to day basis.
If you have only just started – it might be worth only doing the sign up offers and ignoring the reloads until you have everything open. I see so many people complaining they lost their accounts within a few weeks after signing up and hitting reloads straight away.
Also – Avoid horses for any new account offer unless it happens to be part of the offer. It is far too easy to take value from these bets when you are taking close matches .
hope that helps and good luck
+1I have been gubbed by Mansion Bet AND Virgin Bet within the space of two weeks, 🙁 Is this normal, guys?
+4Get regular offer updates, tip and tricks, big offer alerts and more straight to your inbox.
Mansion Bet didn’t last long for me. Just once doing the weekly bet club. Virgin a bit longer but only a couple of months or so I think.
+3As if that wasn’t bad enough, I was also gubbed by Betway with whom I have been betting for several years! I can’t understand why these companies gub their punters anyway? They still make money whether the punters profit from the Exchanges any way? 🤔🤔🤔
+3
You must be logged in to reply to this topic.
