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  • 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!

    +0
    RyanB
    15
    December 31, 2015 at 1:16 am

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    RyanB 15 December 31, 2015 at 10:13 am

    Well my spend is no where near 6k!? Wow thats alot! But yeah didnt start this thread to be a debate guys sorry we all know the advantages and disadvantages etc..im going to open mine up soon just wanted to know about £10 bonus etc!

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    Lealdo 0 December 31, 2015 at 10:16 am

    I pretty much exclusively use betfair and what you have to remember is that your commission level drops – so in a month mine has gone from 5% to around the 2%\3% range. So it isn’t necessarily always a 5% charge as most state.

    +0
    patrick
    Blocked
    12 December 31, 2015 at 10:21 am

    How have you managed that Lealdo ?
    Are you sure you are not mistaken, and what you actually have is a 2
    % discount on your commission of 5% meaning you have a true commission of 4.9%.
    To go from 5% to 2% is nigh on impossible.

    +0
    RyanB 15 December 31, 2015 at 10:29 am

    Yeah I think your mistaken there…i get around 4.7% on betfair with all my points that I have..I think even the limit isnt even close to 2%

    +0
    Lealdo 0 December 31, 2015 at 10:33 am

    It is possible that is what I have done, although my calculations show I am getting more than a 0.1% discount – so must be somewhere between. Certainly put a lot through betfair monetary wise last two months but will look into the exact amount. But the point still stands that 5% isn’t the true figure you necessarily pay.

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    RyanB 15 December 31, 2015 at 10:39 am

    I guess it is possible betfair says if you have over 150,000 points you get a 60% on the 5% commission. However, my points have never been over around 4,000 and I thought i used it a shit load!! take into account they decay 15% each week you must absolutely hammer it!!

    +0
    patrick
    Blocked
    12 December 31, 2015 at 10:41 am

    It is very easy to calculate the actual commission rate.
    With respect,if you cant do that correctly,dont really think you should be matchedbetting in the 1st place.

    +0
    MarkCorrigan 16 December 31, 2015 at 10:43 am

    It’s probably pretty tough to get your commission rate below 4.7% on BF through matched betting alone. Even if you wanted to achieve like 4%, you would effectively need to be betting £10,000s every week (in liability, so to speak).

    +0
    MarkCorrigan 16 December 31, 2015 at 10:45 am

    LOL I’m being a massive ass, but if you don’t know simple probabilities, I think that’s more of a hindrance to any betting activity. 😉

    +0
    RyanB 15 December 31, 2015 at 10:46 am

    Well I have around 3000-4000points on average I struggle to believe how lealdo has over 150,000 in order to get the commision he speaks of

    +0
    patrick
    Blocked
    12 December 31, 2015 at 10:46 am

    At least we agree on something Mark !!

    +0
    MarkCorrigan 16 December 31, 2015 at 10:47 am

    Hahaha I hope you take my joke with a pinch of salt! I think we would agree on most things.

    +0
    patrick
    Blocked
    12 December 31, 2015 at 10:50 am

    I think Lealdo has made a false statement in error.
    Thought he would have come back by now to state the actual commission,its not hard to work out.
    Prehaps hes trolling through forums looking for a calculator to do it for him.

    +0
    Lealdo 0 December 31, 2015 at 11:19 am

    No actually I am at work and haven’t had the chance to read through your multiple witty replies till now.

    +0
    RyanB 15 December 31, 2015 at 11:39 am

    now now ladies!

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