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Matched Bonus Betting

  • Hi guys,

    Fairly new to matched betting here but pretty much grasped the concept within a few days and have made a decent buck since doing so!

    However there are a few welcome offers I have yet to do but these are matched bonuses, often requiring a specific turnover of the matched deposit + bonus.

    My question is, how do I take advantage of this? For example with a free bet you usually do your qualifying bet at low odds (in which case it usually wins at the bookie) but obviously I don’t want my bookie bet to win otherwise I’ll be tied into meeting the turnover requirement. Therefore, would it make sense to do the first bet on high odds?

    I.e. if I have a £50 deposit matched at 100%, so £100 in total. Would I bet all £100 on a market, or £50 on a market? I assume that once you have accepted the promotion you can no longer withdraw your initial £50 deposit until the turnover is met?

    Sorry for the wall of text, any help would be greatly appreciated!

    +0
    Andy
    0
    September 28, 2016 at 8:19 am

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    deathstar 25 September 28, 2016 at 9:19 am

    Hi and welcome.

    First things first, get out of your head that high odds lose. Its been the ruin of many a matched betting career to bet at high odds, have it win and then all the money is in the bookie with nothing in your exchange to get it out with.

    The other thing with rollover bonuses is that it will (usually) be stake returned, meaning that you do not forfeit the stake when you bet with it. this means that you don’t need high odds to make a good profit, and you usually find that high odds don’t actually match that well with the exchange odds, so you will lose out on more cash anyway.

    So the general advice is just make sure you have enough money in your exchange for EVERY SINGLE BET WINNING and if you don’t, come back to it when you do. If your bet does happen to lose, that’s great, if not be prepared to grind through the rollover. It doesn’t take that long now all the footie comps are back up and running.

    You could underlay the first bet (search the forum for the underlaying threads) so that you will make slightly less if the bet loses but you don’t have to do the rollover (and therefore could actually be better off) and if the first bet wins you have slightly more at the bookie to play the rollover with.
    HTH

    +0
    deathstar 25 September 28, 2016 at 9:59 am

    for the other point, how much you bet depends on a) whether they let you, sometimes you have to place a bet and wait until its settled before they give you the bonus, and b) how much you fancy betting and what the odds are like. It may also depend on whether the bookie allows you to place as much as you want. Bear in mind liquidity at the exchange as well.

    Remember to take your time, you usually get at least a week to rollover (bet365 give you 3 months!) so if you can’t find any good odds, come back tomorrow or the weekend.

    +0
    Andy 0 September 28, 2016 at 10:21 am

    Cheers for the reply mate. And yeah makes sense, don’t want a freak result screwing me over. Will probably wait till the next week of champions league and Europa league action so I’ve got mid week and weekend football to play around with

    +0
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