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Matched betting and matched deposit bonuses

  • Hi! I’ve been reading a lot about matched betting this past month and have decided to try it out.

    I want to focus on matched deposit bonuses, eg. deposit €100 get 100% up to €100. And then usually there are rollover requirements.

    But before I try it out, I want to clear up some things that I hope someone can help me with.

    Scenario: I deposit 100, and get 100 bonus, giving me a total of 200. Lets say this bookies rollover req. is 6x deposit+bonus amount. In my case 6×200, that is, 1200.

    Now, what are the chances that my account gets banned mid rollover? Lets say I’ve played for 700 and have 500 to go and most of the cash is in the bookie account, but the bookie decides to either limit my account or ban me because of bonus abuse. Has this ever happened to anyone?

    Because in theory, that would mean that all the winnings + bonus amount are forfeited. That would lead to potentially major damage.

    So in my head, this doesn’t feel safe enough. Better to focus on free bets. But my greedy side still wants to focus on matched deposit bonuses, because I feel that there is more to earn. 100 or 200 deposit bonuses vs 20 something free bets.

    I would appreciate any thoughts on this from people with experience around matched deposit bonuses.

    +0
    AmirKhan123
    0
    January 3, 2018 at 11:01 pm

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    JoeBloggs 0 January 3, 2018 at 11:31 pm

    Outright banning for bonus abuse never really happens perhaps unless you are shown to have multiple accounts, etc.
    You’re right in that there is a real risk of your stakes being limited mid-way through wagering, which makes completing wagering difficult. Generally, this is unlikely to happen with good bookies such as Bet365, but is more likely to happen with the some of the worst bookmakers such as TonyBet or RaceBets. Looking at discussion pages for these sign-ups will help identify tricky ones.

    It’s only happened to me once though and that was with SportingBet, where my stakes where restricted to £2 football bets, but luckily I only needed a little bit left to wager.

    +0
    AmirKhan123 0 January 4, 2018 at 1:21 am

    Thank you for the reply!

    As I’ve read, sites like Bet365 are as likely to “gubb” as well. That’s why I wanted to hear more about personal experiences.

    How long have you been match betting? Do you usually go after the matched deposit bonuses?

    And is it suspcious to bet big amounts (if the exchange liquidity is good enough) in order to finnish the rollover more quickly?

    +0
    beaser 7 January 4, 2018 at 3:00 am

    Big deposit bonuses are tempting. You’ll find as you improve and diversify that actually there is better money to be made elsewhere without the same stresses.

    I just signed up to 10bet for the £200 bonus. I bailed and withdrew therefore forfeiting the bonus. Ideally of course you lose at the bookie and all is well. All my bets won though. All of a sudden I had a huge rollover to complete! If you factor in the qualifying loses you make completing the rollover all of a sudden the £200 turns to £100-£150. For me, not worth the effort.

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    jameslegg97 11 January 5, 2018 at 12:16 pm

    My advice to you, that I cannot stress enough is that you are very much gambling when you do the rollovers with the less known bookies, where your fund get locked into a bonus on depositing, and needing to do big rollovers. Anyone who tells you that you aren’t risking your money is wrong. In cases you could find yourself trying to get a £100 free but end up down a grand. When the bookies go against you and so do the outcomes, these things can happen. There will always be people who have done them and not got stung, but it’s quite frankly very naive to think that means they aren’t very risky – they are.

    The ones where you get the bonus only after six (or whatever) bets are the good ones – because your original funds are never tied up. The only risk there is if you win the eventual bonus free bet at the bookies, and then they decide to confiscate your funds – but this is, from what I know, fairly unheard of. So your risk, whilst evidently there, is very small. Whereas getting stakes restricted on the offers you mentioned is not that rare, you can find lots of posts on this forum where its happened to people.

    Any lesser known bookie that offers you a seemingly ridiculously large bonus (e.g. 100-200 quid) and wants you to roll that over X times are set up against matched bettors – their T&C’s can be unforgiving, with hidden stipulations such as having to use the % of funds for accumulators etc.

    I didn’t ever end up doing any of the dodgy ones, like Winner, TitanBet, etc, and I don’t regret it. They always seemed too risky. Never underestimate the risk! Because when it goes wrong, it really goes wrong. And its too late then. I find the sign up offers were always a good way to get started and the odd boost when I got gubbed from a bookie, but out of the £8k I’ve made, I think its gonna be mostly reload bonuses, arbs (via boosts or just normal arbs), and casino/vegas promotions.

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