Wagering requirements
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Struggling to get my head round how to extract my money from an account where the wager requirement needs to be bet. Joined ComeOn and deposited £25 to get a £25 bonus therefore I had £50 to play with. My bet won in ComeOn and now have £212.50 in my account, about £43 was profit. Please can someone tell the best way I can extract this money without losing any of much profit?
+0April 8, 2016 at 12:11 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.
Did it not occur to you to figure out the answer before taking on this offer?
Keep betting (and laying) at as close odds as possible till you meet the WR.
+0thanks for the reply, it was a mistake i know but just want to make sure before i place any bets. do i do it with the full £212.50 or just by deposit and bonus (25+25) 8 times?
+0I’m assuming you layed the original bet? Therefore £43 profit on a £25 bonus seems unlikely.
Never used that bookie but usually there’s a counter that will give you the remaining WR. If not, read the T&Cs carefully, it will usually say whether the WR multiplier includes the deposit.
You don’t have to wager your entire balance at once, if that is what you’re asking? Just grind through the WR with smaller bets. Unless the terms are different from other WR offers, set the calculator on this site to “qualifying bet”.
+0was £43 profit on a £50 bet (£25 deposit plus £25 bonus), so i have to keep placing £50 bets and then laying them in the exchange? the t&c’s are i need to water my deposit and bonus 8 times so £400 at min odds of 2
your help is greatly appreciated+0Aye, pretty much, whatever stakes you can comfortably cover at the exchange. Some people try and lose to the exchange betting on higher odds (horses) but you need significant funds in case you end up winning (e.g. a 30/1+ horse just won at Aintree).
Still not sure where your £212.50 balance has come from if you’ve only won £43 on a £50 bet? I assume I’m missing some detail but it sounds like you’re on the right track.
+0so i put £50 on a draw and then played it in the exchange and my liability was around £170 so £212.50 minus my £170 liability gave me an overall profit of around £43. But now the 212.50 is tied up in ComeOn and need to wager it 8 times (£400). what sort of increments would you recommend placing by bets on. e.g. £50 a time until I’ve gone through it 8 times or it goes into my exchange account?
+0You put £50 on at 4.25 and then layed it at ~4.8? You’ll need to find better matches than that in future.
WDW market on PL football is usually easiest. As said, whatever stakes you’re comfortable with.
Your current matched betting “profit” is £17.50 (42.50 – 25) before completing the WR.
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yeah i fucked up on this one, so ill be looking at making a loss once iv’e completed the wagering requirements?
+0You might scrape a few quid if you have to see it through to the end.
I think with these offers people tend to rely on losing it all to the exchange with their first bet. If you’re happy to take the risk then no worries, otherwise just be more discerning in future.
+0now I’m really stuck. Placed a £50 bet on a draw at odds 2.8 and then lay’d the bet at odds 3.2 with £44.44 (97.77 liability) the game ended in a draw so i now have £302.50 in my ComeOn account. The wager requirements are that i need to place a double minimum in order to withdraw any funds. Please help in telling me how to get my money back
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2.8/3.2 is terrible first off.
Copy and paste the terms here, have not done ComeOn so need full details.
+0This offer is open to new UK customers only.
The offer is valid until 30th April 2016
ComeOn! will double your first deposit, up to £25.
Minimum deposit is £10.
The maximum bonus you can receive is £25.
Minimum wagering requirements apply. You will need to wager your bonus before you can withdraw as follows:
a. Casino: 35 x bonus and deposit amount.
b. Sportsbook: 8 x bonus and deposit amount, placed on combo bets only (two or more bets combined) at minimum odds equal to or more than 2.00
c.You can combine Sportsbook and Casino to achieve the minimum wagering requirements. For example, if you wagered your Sportsbook bonus and deposit 4 times (which is equal to 50% of the wagering required on Sportsbook), then you would need to wager 17.5 times on Casino (50% of wagering required on Casino) to make up 10)% of the minimum wagering required.
Stakes on some of our casino games don’t count in full towards the wagering requirement. Instead they have a percentage contribution outlined below:
Deposits made via Moneybookers/Skrill, Neteller, Paysafecard, Webmoney and Ukash are excluded from this promotion.+0
Seriously, why do people jump onto matched betting without knowing everything properly!? don’t be doing rollover sign ups if you think odds of 2.8/3.2 and 4.25/4.8 is good matched betting..this is how so many new people lose money.
+0What sort of games are you betting on to get such poor matches? Don’t just settle for random midweek/afternoon stuff.
I already suggested WDW on PL games, BTTS worth a look too as it’s often ~evens. Most of my lay bets for qualifying on football are usually within 0.05 to 0.1 of the back.
You’re still best grinding through it and accepting a loss as I doubt you’ll be able to withdraw without taking a bigger hit.
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Ok, so you need to rollover £400 or lose your entire balance you have so far (£302.50)
Does ComeOn tell you how much you’ve rolled over already?
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