High Turnover Stuff
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I’ve been running through the offers available in various places before I realised there was specific sites for matched betting, I’ve done Bet365 but only made 80 from a £200 deposit. I didn’t use matched betting, I just placed hundreds of small bets at £2 or £5 depending on the odds. It all went fine until I lost around £90 in the last £200 of the turnover really cutting into my profit.
Now I’m looking to match and on my day off I’m going to simulate a run in Excel to see how much I would make on some of them.
I know I need to watch out for the following….
* Making sure the bets hit the 1.5 or 2.0 or 1.8 odds requirement.
* Making sure I don’t exceed the maximum bet for each bet – e.g. £50.
* Making sure I don’t do a type of bet that doesn’t qualify.
* Carefully reading their T&Cs and going to a live chat to confirm if needed
* Assuming every bet I place loses 4%. Meaning if I put in 200 and get a 200 bonus and have to wager 3200 then I’m going to lose 160 of that turning over the bets.However I’m thinking something and maybe I’m wrong… but should I not be _trying_ to lose by going for big odds?
Let’s say I pick something at odds of 21 and I lay off at 21.98 on the exchange. I’d lose £3 on that transaction.
There’s a very strong chance I’ll transfer 47 of my money to my exchange account and a smaller chance that I’ll turnover 50 of the betting requirement…
Once I have lost all the money in the site I’m turning over I’ve transferred it to the exchange faster than I’d turn it over in the site, meaning I lose less to attrition. Additionally it’s better to lose at the bookies site and win at the exchange as far as limiting is concerned… the bookie will see I put in £200 and lost it all so they’ll be keen to give me more bonuses?
On the off chance that I do hit a win with one of these bets then I’ll have a large amount of money locked in the bookies account, but I can continue turning it over and eventually get it back out?
