Never, Ever Cash/Trade Out

Been match betting for a few weeks now & all is well. (Until the other night!)

I started with £100 at the beginning and got up to £300. The other evening I signed up to LeoVegas’ double winnings promo and placed a £5 boost on the footy at odds of 19/layed at 11.5.

The said team were winning 1-0 in the 93 minute & I thought, “They won’t lose this now” & decided to trade out on Smarkets.

Big mistake! Penalty was conceded in the 95 minute and the match ended up being a draw. So I’m now back to approx £200.

I ended up gambling instead of letting the match run it’s course & being sensible.

This is (hopefully) useful info. for any other newbies new to match betting.

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waftycranker
5

June 8, 2017 at 2:10 pm

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cosmos 5 June 8, 2017 at 8:49 pm

Indeed. I used to mug bet and never got anything out of it so when I started match betting I told myself never to gamble. I will very occasionally overlay but the whole point of match betting for me is being able to make a profit regardless of the result.

We can’t ever know what is going to happen and as you’ve seen one mistake can wipe out a lot of hard work – especially as match betting returns can be relatively small and build up over time.

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waftycranker 5 June 8, 2017 at 9:22 pm

Indeed cosmos.

I felt it was necessary to post it as I’d hate other newbie’s falling into a similar trap. Still annoyed with myself but I have found some more bookie offers (mobile bet/redbet/grosvenor casino) so more profit there.

After reading some posts on here I’ve decided to underlay all my free bets as someone mentioned it’ll give you a bigger return in the long run.

Fingers crossed Paraguay will beat Peru tonight.

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waftycranker 5 July 4, 2017 at 12:06 pm

Is it possible (providing there is enough liquidity) to trade out on Smarkets & they lay again?

I’ve used a £50 free bet this morning & got odds of 13/13. Profit of £45.29

Just checked again & the lay odds have gone down to 8.6!!

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Mr Crispy 29 July 4, 2017 at 1:19 pm

It is but, you’ll be worse off (unless the odds come in, between you trading out and laying again).

The “trade out” function just places a back bet to even out your profit.

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waftycranker 5 July 4, 2017 at 1:32 pm

Smeg! Lay odds now at 8.2

Would’ve been £71.88 profit if i’d waited.

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Mr Crispy 29 July 4, 2017 at 9:56 pm

Smeg! – I used to love Red Dwarf..
Did it win?

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waftycranker 5 July 5, 2017 at 8:23 am

No. It pulled up

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