Increasing Your Float
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You guys got any tips on increasing the Float?
I see a lot of these offers on here but they almost certainly require a fairly healthy float – I actually got hammered yesterday & lost £100 from my float but that money was won back in the Bookies but its hampered my activity today.
Just wondering how you guys kept your float increasing steadily – Was it an initial injection at the start or is there continuous small wins that built it up?
Cheers in Advance
+0May 1, 2016 at 4:40 pm
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valid question, I remember starting with £300 in smarkets and going through all the welcome offers first,,starting with betfair,sky,hills,paddy,bet365 all the main high street offers and then your float will be up to at least double and went from there.
Currently keep about £1000 in betfair and withdraw quite a bit when over that and enjoy life !
+0Thanks for your valuable input there nick – really makes coming to his very helpful site that little bit more welcoming.
+0Thanks kjillman – That’s what I’m doing at the moment, working through the SIgnups 1st, my float is around the same level you mentioned @ £300.
This site has helped me with reload offers and its been quite helpful.
Cheers again for the reply 🙂
+0I just whack a load in as and when I need it, but rarely withdraw. My Smarkets float is over £4k now, which handily allows me to lay a lot of horses on a variety of races in one go, but still had to put a few hundred in today owing to the long odds of the horses I was selecting. My concern though is that someday I’ll accidentally add a ‘0’ one day to my lay bet.
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Its the common saying the more money you have the more you can make. When I first started I only had quite a small exchange balance but seemed to manage, now looking back I have no clue how I managed with such a small float, clearly I just didn’t do as many offers as I do now/wouldn’t even think about doing a lay which involved high odds and therefore quite a few hundred needed. I guess just as kjillman said just do the easier sign up offers which involves the mainstream bookies which have £10-£30 free bets which won’t require that much of a big float..granted you won’t be able to probably extract 90% + of a free bet without the use of a big float that’s where you are at a disadvantage, but it will grow. Obviously people with a few grand in savings will find matched betting easier to begin with as they can do multiple sign up offers at once and wouldn’t have to go through the hassle of being delayed by a big win in the bookie having to wait for the 3-5days withdrawal before continuing they could just whack another few £100’s into the exchange.
+0Do not need a big float in the exchange but it does make it a lot easier!
When on smaller float, just need to plan your bets out in time order and the liability. Also do not tie up all your float in one bet or one market. With the racing maybe just adjust your stakes and bet say £10 per bookie (When multiple bookies running offers). No point getting a £50 free bet if you have not got the float to lay it!
If multiple bookies are running an offer, e.g 2000 Guineas use different selections.
Accept that QL will be higher and that you will be able to extract less out of free bets.
I when I started in January, only put Qualifying bets on odds upto 5\1 and free bets on odds upto 10/1. Helps to keep the float intact
+0I borrowed £500 out of my savings account at the start of the year, best return I’ll ever receive in my lifetime.
Paid it back into the savings at the end of april showing £1500 profit.
When I have explained matched betting to colleagues and that I have borrowed savings to start they have pulled very strange faces! But matched betting is simple if you do it correctly you can loose.
If your going to matched bet you need to stop gambling.
+0Get regular offer updates, tip and tricks, big offer alerts and more straight to your inbox.
lose*
you’re*Sorry, couldn’t help myself! 😉
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I would never recommend someone to touch your savings for matched betting.
That’s crazy.
It’s not simple, you can lose. There is a mine field of gotchas like tennis retirement rules, exchange prices moving fast, badly understood rollover requirements, non-runners changing the number of places paid for those sequential lays or extra place offers, laying the wrong horse (everyone’s done it right?) …….
+0As in most things in life ,money makes money.
The bigger the float the bigger opportunities you have of doing multiple offers.
But as Pavlon states above there is always the danger of adding another digit by mistake and risk wiping out the exchange balance in error.+0
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