Question about offers with rollover requirements for new customers
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Hi all,
I’ve started matched betting this week and its going ok so far. I’ve done a few of the smaller welcome offers.
I’ve also seen the big welcome offers from bet365, winner etc, but I have a question about the rollover requirements.
Before you can withdraw any winnings you have to bet ‘X’ times your original deposit amount (and also meet the other T&C’s for the bets which count towards the rollover). Is the main idea behind this to have enough of a float to lay off the bets which are placed when meeting the rollover requirements i.e. you’d need a pretty big float if you make a large original deposit? Is it right to say that the bets placed when meeting the rollover requirements are similar to a qualifying bet i.e. you lose a little but need enough cash to lay the bets off?
Just trying to get my head around the rollover requirements and how you can make the most profit. Any tips or advice would be great.
Cheers,
J+0February 28, 2016 at 8:58 pm
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New to matched betting?
My Matched Betting Academy is the best place to get started. Learning the fundamentals takes 10-15 minutes and you’ll make £15 in the process.
Learning the fundamentals takes 10-15 minutes and you’ll make £15 in the process.
you are correct re: rollover definition; treat as qualifying bet. One strategy is to underlay slightly, so that if the bet wins, you win more money in the bookmaker (as you have less liability in the exchange, due to staking less) and so can maintain a higher proportion of the awarded bonus. If the bet loses, the bonus ends up in your exchange account, with a little bit lost but no further rolling over in your bookmaker account.
Use excel
Plot out each outcome and liability
Plan for the outcome requiring the biggest liability: If you haven’t got the float to support you through a rollover, steer clearAnd steer clear of the Winner welcome offer – there are many posts of people in dire straits from failing to read the terms of this brutal ‘offer’
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Yes. Treat them like qualifying bets and try to lose as little as possible.
Don’t do either yet. Don’t ever do winner.
There is a thread on this every other day on the bet365 offer and the winner offer.
Read through what others have said on those threads.
For starting matched betting – for your first weeks – I would do paddy welcome offer, do sky welcome offer and do will hill welcome offer. Once you have those three accounts you will have enough existing offers to keep you ticking over and get your confidence up and your technique honed. Maybe then start adding coral, betway, betfred, etc as you go along …
+0Thanks guys. Yeah I’ve seen lots of threads about people depositing £200, winning with th bookie and then needing £3,400 of rollover required before they can touch their money. Ouch.
I don’t think I’d ever have enough spare cash to lay off the bets required to meet the rollover for winner or bet365!! Staying away from those. Are the others just as bad for rollover i.e VIP, real deal etc. I’ve not read their T&C’s yet but saw the offers on here.
It does require some thought and understand at first but I’ve done will hill and 32red. Made around £40 profit so far so not bad. I haven’t got a massive float so I can’t afford to go for big odds on the free bets.
I have accounts with some bookies already so I’ll just have to make use of the reload deals they offer and keep an eye on the blog here.
I forgot I had an account with betfred from ages ago under an old email address. I signed up with them again and they closed my account because they obviously thought I was trying to scam them. Whoops. Lost £10 there 🙁
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How did you lose a tenner in betfred!?
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FoG_BLoG is right about only doing paddy, sky and WH. Go steady and be rock solid in your understanding of how to tackle offers. If I can add anything more;
Always place your back bet first; this can avoid any issues with placing your lay stake and suddenly finding out you have been restricted by the bookmaker
Use oddsmonkey to find good odds matches; it will save you time and the premium account (£8 per month) is, without question, worth it
Understand how the exchange works and liquidity: You may have found great odds that would give you a tiny qualifying loss, but if you need to stake £25 and the liquidity is £15 for example, your lay stake would not be fully matched at those odds, unless someone came forward later and decided to bet on those odds. Additionally, low liquidity means the odds are likely to change very soon, so it is likely they could change in between placing your bookmaker bet and laying it in the exchange. Higher profile football matches and horse races will have more people betting and higher liquidity therefore
+0I placed my £10 bet with betfred but because I had an old account they closed them both. Then they emailed me saying I had my £30 free bet which rubbed it in!! I totally forgot I signed up with them ages ago. There are too many bookies these days! I need to keep a record now.
Yeah I understand the liquidity thing, and it’s surprising how quickly it can change…..I’ve seen this on smarkets as it updates.
Are the existing customer offers the same concept…..lay off the qualifying bet, use the free bet to make profit. I think it’s great how the blog explains how to do each offer, makes it so much easier to understand 🙂
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Surely you can get your £10 back though….?
+0I didn’t think to ask really. They said it was breach of T&Cs. I spent the £10 on a bet so I’m not sure? No harm asking I guess.
I get the feeling that the idea is to do as many bets as you can afford, and build up the little bits of profit slowly i.e there’s not quick way to make a massive profit. Its kinda like having a second job 🙂
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Most of them are more or less the same concept. Start off following all the blogged offers. I don’t know how much time your going to commit to.
But if you get all those done then hit the forum here for more offers like boosts and horses that don’t always make the blog.
If your still bored then by all means work through more and more welcome offers but be wary of turnover requirements.
That is how I would tackle it, and do. I have only done about a dozen welcome offers and that’s been enough to keep me ticking just on those bookies with their reload offers.
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I think he bet his £10 so won’t get it back? Assume you laid it too so haven’t really lost £10…
If they have just stole your deposit though then I would be on to them.
+0Yeah I bet the £10 and I laid it off, so you’re right I didn’t lose it really.
My plan was to work through the welcome offers (ones with little or no turnover) first, but it seems that most of you guys recommend going with the reload offers with a few bookies ?
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Up to you. I’m telling you what worked for me. But I got into it a different route.
Others here will have worked through all welcome offers first. They probably pay more but are just once offs and need to study the t and c very very carefully.
When you have an offer that you know is going to be on every week or every day then it’s just second nature to do them. No messing around with deposits or verifying account or studying terms and conditions….
Will depend how much time you have to get through the existing offers. Or what time you are free during the day. If you work all the afternoons during the week then some of the horse offers won’t suit you.
I was making €100 per month just on paddy before I decided I had time and it was well spent opening up more bookies.
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I’ve only been doing it 5months but signed up for all welcome offers.the only problem ones were race bets they gunned me straight away after second bet!i did the 365 one quite early and ended up with big cash flow problems when it was all settled I ended up with £1300 in my 365 account I kept hitting the biggest long shots lol!i thought it was over when the sign ups finished but realised that is just the beginning!
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One think that hasn’t been mentioned is rollovers are usually stake returned instead of SNR so no need for high odds.
Only exemption to the rule I know of is Betvictor which is usually SNR and x4 rollover on all their bonuses.+0Thanks for all the info. No doubt I’ll have some more questions when I get into the bonus offers.
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