WR Tactics
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Hi,
I joined Titanbet & took £100 as 100% Deposit Bonus 3 days ago (now offer seems to have changed to up to £50) which require x7 WR means £1,400 betting all together.
I lost the first £100 qualifying bet (gained around £94 in SMarkets) which I thought good at first because the most efficient way to maximize profit looks loosing the balance in Titanbet asap.
Then, I tried to search for the appropriate tactics / technique in various places to do so, and the 1 thing I found workable is;
“I like odds of around 2.5 to 3. These bets will win between 1/3 and 1/4 of the time. Lets say I split the amount I need to bet into 4 equal bets and place them at these kind of odds. I expect to win 1, maybe 2 of these bets at the bookies. 3 is possible but unlucky, 4 is now very unlikely. (The probability of winning all 4 bets whose probability is 1/4 is 1/256). So most times I have at least got most of my stake back with more money at the exchange site than I put there. Now I don’t want to meet the rollover requirements to get my money back from the bookkeeper, so I will just repeat this process aiming to extract most of the rest with small bets. Once the balance at the bookies is small I will try to win it with a single bet at slightly longer odds.
If things go wrong what can we do? Use even smaller chunks. Divide the balance at the bookies into 10 or even 20 bets. Take them 3 or 4 at a time hoping to reduce the balance as you go. Or just put what you can into the exchange site, divide that amount by 4 or 5 or 10 if you like to work out what kind of bet you can afford to cover.”However, the first approach requires relatively big fund in exchange in any case (in my case the remaining WR is £1,300 because I already bet first £100 as a qualifying bet, and when I split into 4, the each bet will be £325, and if I use 3.0 I need £975+ in the exchange, which is already not small. Possible unfortunate scenario of 3 consecutive win in Titanbet, £2,925+ will be required to fund eventually in the exchange).
Besides, when it comes to the profit, out of total WR £1,400 the free bet is only £100, therefore the rest of £1,300 matched betting may generate around 10% loss (possibly lower) of £130 that exceeds the original £100 as our profit.I understand that there is no guaranteed method to transfer the bookies balance to exchange via MB, are we relying on luck to deplete the fund in the bookie before eating up our profit while preparing the large fund before participating in this promotion?
I believe I surely make big misunderstanding or miss something because I find many people say the best & worst case scenario of this type of offer is 90% & 50% respectively, so pls point it out.
I know Underlaying is a common tactics to satisfy the WR, but is it a sure way to secure the profit? How do we project the profit or break-even study with the Underlaying in this case?
Appreciate anyone’s input.
George
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