Newbie – Gubbing

Total newbie here, have read the advice on this site how matched betting works and on others and underlying all sites are warnings about Gubbing.

I can see that in the end you may become gubbed, but what advice from the experienced betters can you give to a newbie how to avoid it for as long as possible.

Is it sufficient to back and lay off on a couple of regular football teams or horse races each week as mug bets, trying not to loose too much, when there are no Bookies offers on, trying to emulate Joe punter or is it much more involved than that ?

thanks JG

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JamesGrant
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January 23, 2017 at 4:14 pm

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sleepless 8 January 23, 2017 at 5:41 pm

If you take advantage of new customer offers or promotions, always deposit/stake a bit more than he minimum. Just my theory.

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jameslegg97 8 January 23, 2017 at 8:20 pm

Its all theories though. Personally I wouldn’t waste my time! Some of my longest accounts are where I’ve rinsed offers and won loads, and done zero ‘mug’ bets. Just don’t waste your time on it really.. Bookies hate winners, that’s all you need to know! Everything else is just a theory.

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JamesGrant 0 January 25, 2017 at 8:52 am

If I’ve understood the process correctly, most of the time our Back bets at the Bookies loose and our Lay bets win. Which on a Qualifying bet equates to a small loss to us.

We then use the free offer from the Bookies to extract cash at the Exchange. So from the Bookies perspective we have placed 2 Back bets and both have lost – making us a perfect customer.

At the Exchange we also made 2 bets and both won (most of the time). 1 small win and 1 larger win.

The Bookie hasn’t lost any actual money, he’s won our cash. But we used their free bet offer to extract approx 80% of it’s value in cash from the Exchange.

I may have the wrong end of the stick here but shouldn’t it be the Exchange that is going to Gub us and not the Bookie ?

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deathstar 25 January 25, 2017 at 9:42 am

The exchanges don’t care whether you win or lose because they are earning a commission from every bet placed. if your selection loses, you win the lay bet so you pay, if the selection wins, the person that offered the odds pays the commission. either way – exchange wins.
Its the bookie that is actually offering the value here, higher odds do win and when they do the bookie has to pay out. seeing as most free bets are taken at high odds, its even more cash they have to pay out.

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