So I have been Matched Betting since May and always used Betfair and have gotten very used to it! I think it was back August time? can’t really remember..but Matt started to use S Markets on his blog but I decided to stick it out with Betfair as I was comfortable with sticking to what I know. However, as my knowledge of matched betting has increased I now feel more comfortable opening an S Markets account alongside my Betfair as I think it will be handy to have both due to the 2% commission, and therefore laying off any popular bets such as premiership games I suspect the odds between S Markets & Betfair will be fairly similar.
Could anyone let me know how you go about the £10 bonus you get from S Markets? It says any loss will be refunded up to £10, so I therefore just have to back and lay and hope the bet wins in at the bookies? and therefore loses at S Markets?
Cheers for the help!+011December 31, 2015 at 1:16 am
Shaun46 1 December 31, 2015 at 1:22 am
HI Ryan basically your first ever loss and you will get one gets offset less £10 so if your lay should lose £20 you will only lose £10 so you will be literally £10 up, Just lay as normal and record as you would normally+0RyanB 11 December 31, 2015 at 1:24 am
Ah cheers for the quick reply Shaun! So basically I don’t need to do anything as like you say i’ll eventually win a bet at the bookies and therefore lose £10 less than I thought i’d lose, nice one!+0RyanB 11 December 31, 2015 at 1:31 am
Any idea if the first loss is smaller than £10 do you lose the difference?+0Mark 1 December 31, 2015 at 1:36 am
Just do as you’d normally do and on your first loss you’ll get an extra £10.
I made the switch and haven’t looked back, have saved hundreds a week by dropping to 2%commission. It really adds up. The only time I use betfair now is for some of the more obscure football markets and goalscorer bets as well as darts.
For mainstream football and horse racing the odds are generally the same so it’s a no brainer for me.
Laid off Phil Taylor last night and although smarkets odds were a smidgen higher the 2%commission meant I broke even instead of took a small loss. That was a good decision after the darts tonight!!+0Tony S 6 December 31, 2015 at 7:24 am
Markets are VERY limited and liquidity is pretty poor in comparison!
Worth opening but not something I could use as a standalone exchange
Also no app if that’s an issue for you?+0Tony S 6 December 31, 2015 at 9:25 am
Aye I’ve seen people rave about it… I think it’s just one of those things you either take to or don’t… If they got a few more punters in and developed an app it’d be hard to keep away from the 2% commission+0Pavlon 3 December 31, 2015 at 9:35 am
Are you guys talking about bet-daq or bet-fair as the alternative?+0Mark 1 December 31, 2015 at 10:10 am
Liquidity close to the start of a horse race in my opinion is identical. Based on my spend of over 6k this week alone and assuming only 50% of my bets “won” at the exchange (it’s likely much more than that). Then I have saved £100 by using Smarkets this week alone! If you can afford to still use Betfair with 5% commission you must be doing much better than I am!+0
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