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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.
Hi @Gilbs,
Yes, if you stand to win £20 cash per goal, you can lay them in the ‘Player To Score’ market at Betfair. Like you say, go for a standard lay and treat any subsequent goals as a bonus.
I hope that helps.
There’s around £600 profit to be made from the sign up offers.
You can see how much each offer is worth in my Matched Betting Academy.
I hope that helps.
I would give this offer a miss folks as there have been a number of reports of withdrawal issues and them not crediting the free bets.
Have a look at their reviews on TrustPilot before getting involved.
If your lay bet wins, your balance will increase at the betting exchange. Don’t worry about how much you’re keeping in your exchange accounts. Betting exchanges make money by charging us a small commission on our winning bets, so it’s of no interest to them to restrict or gub our accounts.
As for your bookmaker accounts, there are no concrete rules on how to avoid being gubbed. I advise leaving a small amount in your accounts if you can afford to, particularly with any bookmakers running decent promotions regularly. If you have a big win with a bookmaker, it’s probably a good idea not to withdraw the total amount straight away. I wouldn’t worry too much, though.
I hope that helps.
Hi @thomasdavid,
Please see my ‘Bet X, Get Y if…‘ guide for a walkthrough on that type of offer.
I hope that helps.
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Hi Hamish,
This is a matter of personal preference, and each option has pros and cons.
The tools at OddsMonkey are great. They make finding suitable odds a lot easier, but it’s not an absolute necessity if you need to keep your costs down.
If you take the best odds/value all the time, it’s likely to draw unwanted attention from the bookmakers. That’s not to say you shouldn’t use their tools; it’s just something to bear in mind when using them. Not placing your bets at the best odds helps your account health and reduces your chances of being gubbed/restricted.
I’ve recently added some new features to MBB, which are entirely free to use. There’s the Matched Betting Academy for those just starting out on their matched betting journey. There’s also the Reload Offer Calendar for those who have completed the sign up offers and are looking to continue making regular profits.
I hope that helps.
I don’t think there will be too many enhanced sign up offers, but hopefully, you’ll find one or two decent opportunities.
Perhaps keep an eye on the bookmakers’ social media accounts as that’s a popular way to attract new customers.
Hi Hamish,
Earlier this year, I launched the Matched Betting Academy, a structured course for matched betting newbies. You may find a few sign up offers that you’ve not yet completed.
I’d also recommend looking at Part 6, which introduces you to reload offers and some new strategies to help keep the profits rolling in.
I hope that helps.
In the event of non-runners, bookmakers will apply ‘Rule 4’ deductions to the odds of remaining horses. The deductions are a set amount, depending on the odds of the withdrawn horse.
Most bookmakers apply the same reductions; however, a few vary. Your odds of 9/1 (10.00) have been reduced by 15%. Looking at Unibet’s table of deductions, the withdrawn horse must have been priced somewhere between 5.01 and 6.50.
Betfair apply non-runner deductions to Exchange bets a little differently. Instead of applying set deductions to odds ranges like traditional bookmakers, they use the following formula…
(Decimal odds / 100) x reduction factor of non-runner = amount to reduce the original price by
As you’ve discovered with your bets, the difference in deductions can sometimes lead to a small loss. It can sometimes work the other way, though, so it’s just part and parcel of betting on the horses.
I hope that helps.
No worries @bettingbitz.
‘OFFERS’ on the main menu at the top of the page and then ‘RELOAD OFFERS’.
Select the ‘Gubbed Bookmakers’ filter at the top of the calendar, and then you should be able to add the bookmakers you’re gubbed with using the dropdown.
You need to register an account (completely free) and be logged in for it to work.
I hope that helps.
Don’t worry. It can take a little time to get your head around.
When you place a lay bet, you are taking on the role of ‘bookmaker’.
Using your original example, you placed a £7.00 lay bet against Cameron Norrie at lay odds of 12.00. There’s someone on the other side of every exchange bet, so if you’re laying a bet, someone else is backing it.
When you click the lay button, it asks you to enter the ‘Backer’s stake’. That’s simply the amount you wish to lay. So, you’re laying £7.00 against Norrie at odds of 12.00, and someone else is on the other side, staking £7.00 on Norrie to win at odds of 12.00.
Your lay stake of £7.00 is the amount you stand to win from the backer if Norrie loses. Your liability (£77.00) is the amount you stand to lose if Norrie wins. Your liability for any bet is deducted from your balance pending the event’s outcome.
If Norrie wins, your lay bet loses, and you need to pay the backer their winnings. So, the £77.00 being held would be paid out to the backer.
If Norrie loses, you win the backer’s stake of £7.00, minus commission.
I hope that helps.
Hi @redknee,
I’m not sure which bets you have and haven’t placed now, but hopefully, it will work out. If not, the £20 free bet should serve as insurance.
As you’ve realised, placing qualifying bets at low odds is always best as that will minimise your qualifying losses.
Use my Matched Betting Calculator and check all the key numbers before placing your bets.
One last thing to mention… Be careful betting on tennis as the retirement rules at the bookmakers can sometimes differ from those at the betting exchange. You could be left out of pocket in the event of a retirement. I advise sticking to football and horse racing while you find your feet.
I hope that helps.
Hi @bettingbitz.
Once you add a bookmaker to your ‘Gubbed bookmakers’ list, it should block their offers from appearing until you remove the bookmaker from the list.
I’ve had a check, and everything seems to be working as it should be.
I’ll drop you an email shortly, though, and we’ll see if we can get to the bottom of it for you.
I hope that helps.