How do i build up my money?

Hi,

As I am just learning and getting started with matched betting I just need a couple of questions answering. Does my ‘Back’ bet have to be placed with the money I have gained from various sign up offers (free money) and then eventuality the money have gained from existing customer offers? would I just continue to find offer after offer to build my money?

Secondly, as I would be using so many different bookies for sign up/existing customer offers and my money will be spread across many different accounts, would it be best to withdraw it all into my bank? (except my exchange account money) Then from there I could use the money I have made for bigger back and lay bets which means more profit?

Any help wouldn’t be great as I am unsure that theory’s and ideas are correct, I might be talking a load of rubbish! Thanks.

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Tommobet
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October 4, 2016 at 4:31 pm

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potato 0 October 11, 2016 at 11:22 am

Its not worth starting matched betting unless you have a decent chunk of liquid money in your account already to work with IMO. You could start small and build your bankroll but you’ll be waiting ages as withdrawls can take a couple days.

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Tony S 6 October 11, 2016 at 11:33 am

Disagree with potato completely

Use PayPal where you can, some bookmakers e.g. Sky and BetStars withdraw within 15 minutes using this payment method… a lot of others within 8-12 hours

I started with a modest £300 and moved money around via PayPal the best I could and was averaging £350-£500 pm in the early days…

Gubbings have crippled me and a lot of others since but I’m still bringing in £200+ pm without trying most of the time

Good luck

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deathstar 25 October 11, 2016 at 11:49 am

agree with Tony S, I started with £50. most of the time the drawback to a small balance is waiting for funds to move round so get on the paypal sign ups first. also make sure you’ve got internet banking to move money into your exchange as smarkets doesn’t use paypal.
The majority of your money should go into the exchange and then just fund the bookies as and when you sign up, you don’t need to put any more money in than you have to, then you can withdraw, or if you see that they have another offer on use the money in there to do it. that of course depends on whether theres anything left in your exchange.

The absolute golden rule is make sure you have enough money in the exchange to cover EVERY SINGLE BET you need to make if every one wins to do the offer and rollover. If you haven’t got enough, come back to it when you have.

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potato 0 October 11, 2016 at 1:16 pm

Oh yeah, using paypal speeds things up a lot if the bookie accepts it.

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