Matched Betting
Apr 27th 2011, 4:27 pm
#1
Banned
Thread Starter
Joined: Apr 2011
Posts: 44
Matched Betting
Just been speaking to a few of my friends here in the UK who are matched betting to make some free cash - it's a process which takes advantage of bookmakers' free bet offers and turning them into proper cash...
It's the first I've heard of it, but has anyone done this in Oz - since we have probably the strictest gambling laws since the Americans!
It's the first I've heard of it, but has anyone done this in Oz - since we have probably the strictest gambling laws since the Americans!
Apr 28th 2011, 12:15 am
#2
BE Forum Addict
Joined: Aug 2010
Location: Not Brisbane
Posts: 1,210
Re: Matched Betting
Just been speaking to a few of my friends here in the UK who are matched betting to make some free cash - it's a process which takes advantage of bookmakers' free bet offers and turning them into proper cash...
It's the first I've heard of it, but has anyone done this in Oz - since we have probably the strictest gambling laws since the Americans!
It's the first I've heard of it, but has anyone done this in Oz - since we have probably the strictest gambling laws since the Americans!
Apr 28th 2011, 2:08 am
#3
(It's not my real name)
Joined: Sep 2002
Location: Ilukapool. WA
Posts: 12,467
Re: Matched Betting
Sounds interesting, can't believe I haven't got into this. But I reckon if there is risk free money to be had - I'm there!
Apr 28th 2011, 2:33 am
#4
Retired
Joined: Apr 2004
Posts: 34,649
Re: Matched Betting
http://en.wikipedia.org/wiki/Matched_betting
There does appear to be a reliance on a book-maker being willing to allow you bet for free.
There does appear to be a reliance on a book-maker being willing to allow you bet for free.
Apr 28th 2011, 2:55 am
#5
BE Forum Addict
Joined: Aug 2010
Location: Not Brisbane
Posts: 1,210
Re: Matched Betting
It's just a way of luring people in, it won't make you rich.
Apr 28th 2011, 10:05 am
#6
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Thread Starter
Joined: Apr 2011
Posts: 44
Re: Matched Betting
If you're referring to matched betting sites, my friends here are using a UK-based matched betting website to do it that I think operates in Aus.
The website they're using is fixtheodds.com - when you click 'To see how much YOU could make, just click here!' on the front page, it says that Aus residents can make up to £250 which I guess is around $350?
I must warn everybody that the link is for reference only and I have not tried it. Whilst it does sound good, I really don't know how much effort I'm going to have to put in to get that.
Unfortunately I cannot try it yet as I'm still in the UK so it's only showing me UK offers - I will give it a go sometime next week when I fly back and let everybody know!
Last edited by knowlton; Apr 28th 2011 at 10:05 am. Reason: typo
Apr 28th 2011, 10:07 am
#7
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Joined: Apr 2011
Posts: 44
Re: Matched Betting
When you mean 'disciplined', do you mean keeping to the system and not placing a 'cheeky bet'? Or are you referring to any pitfalls?
Apr 28th 2011, 12:16 pm
#8
Just Joined
Joined: Apr 2011
Location: Newcastle, UK
Posts: 12
Re: Matched Betting
I think you are all missing the point here 
Matched betting involves:
1) signing up to a bookie, depositing say $200 and getting another $200 added to the account as a welcome bonus (there are variations such as having to make a first bet before getting the bonus). There will usually be conditions before you can withdraw the bonus.
2) depositing at a second book (either to get a second bonus or to use a book with the best odds for step 3).
3) Taking the two bookies in steps 1 and 2, placing two bets on alternative exhaustive outcomes of the same event (i.e. Man Utd score over 2.5 goals at the weekend and Man Utd score less than 2.5 goals at the weekend). This can either be done by backing two outcomes as above or backing one outcome and then selling the same outcome at an exchange such as Betfair. This is called match (or dutching if you back two outcomes).
Depending on bet sizes etc you will eventually end up in a position where you meet the conditions and can withdraw your deposit and bonus i.e. you can withdraw the $200 bonus in step 1 risk free. You then move on to the next bookie.
It is common to lose some of the bonus as step 3 above will usually lead to a small guaranteed loss (i.e. it is not common for Man Utd over and under 2.5 goals both to be even money, they might both be 1.95 and so you are guaranteed to lose 5% but also guaranteed to keep the bonus). Sometimes you can find 2 opposing bets that guarantee a profit and this is call arbitrage betting.
I am not sure where the figure of a couple of hundred pounds come from.
I know people who do this full time and make £3 - £4k per month. I do this part time (10 hours a week) and make much less, around £1k a month over the past two years but still enough for it to be worthwhile. It is also tax free in the UK and I believe in Australia. After welcome bonus offers there are reload deposit offers and other one off special offers which are endless and allow people to keep going long term.
I think the original question was with regards to bonus offers in Australia. There are plenty of bonuses in Aussie bookies and some are only open to those living in Australia. There are no more or less risks with this than elsewhere in the world and your second (matching) bookmaker doesnt have to be Australian. From experience Australia is very tough on you providing ID (usually before placing any bets) to avoid you opening more than one account (and getting more than one welcome bonus etc).
There is a mass of information for beginners on this on MSE (under gambling introductory offer loopholes in the forum) which is a worthwhile read if you are interested but it is a very aggressive forum and more experienced people / professional gamblers post elsewhere.
Matched betting involves:
1) signing up to a bookie, depositing say $200 and getting another $200 added to the account as a welcome bonus (there are variations such as having to make a first bet before getting the bonus). There will usually be conditions before you can withdraw the bonus.
2) depositing at a second book (either to get a second bonus or to use a book with the best odds for step 3).
3) Taking the two bookies in steps 1 and 2, placing two bets on alternative exhaustive outcomes of the same event (i.e. Man Utd score over 2.5 goals at the weekend and Man Utd score less than 2.5 goals at the weekend). This can either be done by backing two outcomes as above or backing one outcome and then selling the same outcome at an exchange such as Betfair. This is called match (or dutching if you back two outcomes).
Depending on bet sizes etc you will eventually end up in a position where you meet the conditions and can withdraw your deposit and bonus i.e. you can withdraw the $200 bonus in step 1 risk free. You then move on to the next bookie.
It is common to lose some of the bonus as step 3 above will usually lead to a small guaranteed loss (i.e. it is not common for Man Utd over and under 2.5 goals both to be even money, they might both be 1.95 and so you are guaranteed to lose 5% but also guaranteed to keep the bonus). Sometimes you can find 2 opposing bets that guarantee a profit and this is call arbitrage betting.
I am not sure where the figure of a couple of hundred pounds come from.
I know people who do this full time and make £3 - £4k per month. I do this part time (10 hours a week) and make much less, around £1k a month over the past two years but still enough for it to be worthwhile. It is also tax free in the UK and I believe in Australia. After welcome bonus offers there are reload deposit offers and other one off special offers which are endless and allow people to keep going long term.
I think the original question was with regards to bonus offers in Australia. There are plenty of bonuses in Aussie bookies and some are only open to those living in Australia. There are no more or less risks with this than elsewhere in the world and your second (matching) bookmaker doesnt have to be Australian. From experience Australia is very tough on you providing ID (usually before placing any bets) to avoid you opening more than one account (and getting more than one welcome bonus etc).
There is a mass of information for beginners on this on MSE (under gambling introductory offer loopholes in the forum) which is a worthwhile read if you are interested but it is a very aggressive forum and more experienced people / professional gamblers post elsewhere.
Apr 28th 2011, 12:29 pm
#9
BE Forum Addict
Joined: Aug 2010
Location: Not Brisbane
Posts: 1,210
Re: Matched Betting
I think you are all missing the point here
Matched betting involves:
1) signing up to a bookie, depositing say $200 and getting another $200 added to the account as a welcome bonus (there are variations such as having to make a first bet before getting the bonus). There will usually be conditions before you can withdraw the bonus.
2) depositing at a second book (either to get a second bonus or to use a book with the best odds for step 3).
3) Taking the two bookies in steps 1 and 2, placing two bets on alternative exhaustive outcomes of the same event (i.e. Man Utd score over 2.5 goals at the weekend and Man Utd score less than 2.5 goals at the weekend). This can either be done by backing two outcomes as above or backing one outcome and then selling the same outcome at an exchange such as Betfair. This is called match (or dutching if you back two outcomes).
Depending on bet sizes etc you will eventually end up in a position where you meet the conditions and can withdraw your deposit and bonus i.e. you can withdraw the $200 bonus in step 1 risk free. You then move on to the next bookie.
It is common to lose some of the bonus as step 3 above will usually lead to a small guaranteed loss (i.e. it is not common for Man Utd over and under 2.5 goals both to be even money, they might both be 1.95 and so you are guaranteed to lose 5% but also guaranteed to keep the bonus). Sometimes you can find 2 opposing bets that guarantee a profit and this is call arbitrage betting.
I am not sure where the figure of a couple of hundred pounds come from.
I know people who do this full time and make £3 - £4k per month. I do this part time (10 hours a week) and make much less, around £1k a month over the past two years but still enough for it to be worthwhile. It is also tax free in the UK and I believe in Australia. After welcome bonus offers there are reload deposit offers and other one off special offers which are endless and allow people to keep going long term.
I think the original question was with regards to bonus offers in Australia. There are plenty of bonuses in Aussie bookies and some are only open to those living in Australia. There are no more or less risks with this than elsewhere in the world and your second (matching) bookmaker doesnt have to be Australian. From experience Australia is very tough on you providing ID (usually before placing any bets) to avoid you opening more than one account (and getting more than one welcome bonus etc).
There is a mass of information for beginners on this on MSE (under gambling introductory offer loopholes in the forum) which is a worthwhile read if you are interested but it is a very aggressive forum and more experienced people / professional gamblers post elsewhere.
Matched betting involves:
1) signing up to a bookie, depositing say $200 and getting another $200 added to the account as a welcome bonus (there are variations such as having to make a first bet before getting the bonus). There will usually be conditions before you can withdraw the bonus.
2) depositing at a second book (either to get a second bonus or to use a book with the best odds for step 3).
3) Taking the two bookies in steps 1 and 2, placing two bets on alternative exhaustive outcomes of the same event (i.e. Man Utd score over 2.5 goals at the weekend and Man Utd score less than 2.5 goals at the weekend). This can either be done by backing two outcomes as above or backing one outcome and then selling the same outcome at an exchange such as Betfair. This is called match (or dutching if you back two outcomes).
Depending on bet sizes etc you will eventually end up in a position where you meet the conditions and can withdraw your deposit and bonus i.e. you can withdraw the $200 bonus in step 1 risk free. You then move on to the next bookie.
It is common to lose some of the bonus as step 3 above will usually lead to a small guaranteed loss (i.e. it is not common for Man Utd over and under 2.5 goals both to be even money, they might both be 1.95 and so you are guaranteed to lose 5% but also guaranteed to keep the bonus). Sometimes you can find 2 opposing bets that guarantee a profit and this is call arbitrage betting.
I am not sure where the figure of a couple of hundred pounds come from.
I know people who do this full time and make £3 - £4k per month. I do this part time (10 hours a week) and make much less, around £1k a month over the past two years but still enough for it to be worthwhile. It is also tax free in the UK and I believe in Australia. After welcome bonus offers there are reload deposit offers and other one off special offers which are endless and allow people to keep going long term.
I think the original question was with regards to bonus offers in Australia. There are plenty of bonuses in Aussie bookies and some are only open to those living in Australia. There are no more or less risks with this than elsewhere in the world and your second (matching) bookmaker doesnt have to be Australian. From experience Australia is very tough on you providing ID (usually before placing any bets) to avoid you opening more than one account (and getting more than one welcome bonus etc).
There is a mass of information for beginners on this on MSE (under gambling introductory offer loopholes in the forum) which is a worthwhile read if you are interested but it is a very aggressive forum and more experienced people / professional gamblers post elsewhere.
Betfred 50GBP free
WillHill 20GBP free
Ladbrokes 30GBP free
There are only so many bookies, how do you manage to rack up 3-4k a month?
Apr 28th 2011, 12:36 pm
#10
Mostly Harmless
Joined: Jan 2010
Location: Semi-rural wonderworld, Brisbane
Posts: 15,109
Re: Matched Betting
Bet on the 'darker' bloke in the boxing ring is my advice.
<before someone gets on my arse for 'racism' then ask yourself the question 'Am I a twot?'
>
<before someone gets on my arse for 'racism' then ask yourself the question 'Am I a twot?'
>
Apr 28th 2011, 12:37 pm
#11
Just Joined
Joined: Apr 2011
Location: Newcastle, UK
Posts: 12
Re: Matched Betting
BetUS - upto 40% unlimited
Bet Jamaica - $500
Logans.com - $500
Bookmaker.com - $500
The Greek - $500
Legendz - $500
As for the UK - Bet365 £200 is the best on the market at present.
Apr 28th 2011, 1:44 pm
#12
Banned
Thread Starter
Joined: Apr 2011
Posts: 44
Re: Matched Betting
There is a mass of information for beginners on this on MSE (under gambling introductory offer loopholes in the forum) which is a worthwhile read if you are interested but it is a very aggressive forum and more experienced people / professional gamblers post elsewhere.
May 3rd 2011, 8:46 am
#13
Banned
Thread Starter
Joined: Apr 2011
Posts: 44
Re: Matched Betting
Back in Oz now! Got the most amazing photo of Will and Catherine at the Royal Wedding! Anyway, back to reality now, albeit work starts next Monday!
Have got this fixtheodds thing down on my to do list and will let everybody know how I get on!!
K
Have got this fixtheodds thing down on my to do list and will let everybody know how I get on!!
K
May 3rd 2011, 11:50 am
#14
Banned
Thread Starter
Joined: Apr 2011
Posts: 44
Re: Fixtheodds
I am such an idiot..
When I was back in the UK, I signed up and I was presented with a load of UK offers. Thinking that it was because I had a UK IP, I decided to wait until I had flown back to Oz.
Now that I'm back in Oz, I've realised that the option was upon sign up as to what country's offers was available to me... Since I only have the one email account, it has meant that I have to create another account... Thank god for GMX!
Anyway, back on track now - I have selected to view my profits in Pound Sterling as I wasn't too sure how good USD or Euro would be!
In answer to many of the previous questions about which UK bookmakers cover Aus, I have the following offers on my account which are available to us Aussies:
BetInternet - free £25 bet
Boyle Sports - free £20 bet
TitanBet - free £10 bet
BoDog - free £25 bet
Had to sign up with Betfair as well - you have to sign up with them as you use them to place opposite bets so you don't end up losing your money! Not quite the £thousands that some people are claiming you can make, but I think it's still worth a go. Will keep you all posted.
When I was back in the UK, I signed up and I was presented with a load of UK offers. Thinking that it was because I had a UK IP, I decided to wait until I had flown back to Oz.
Now that I'm back in Oz, I've realised that the option was upon sign up as to what country's offers was available to me... Since I only have the one email account, it has meant that I have to create another account... Thank god for GMX!
Anyway, back on track now - I have selected to view my profits in Pound Sterling as I wasn't too sure how good USD or Euro would be!
In answer to many of the previous questions about which UK bookmakers cover Aus, I have the following offers on my account which are available to us Aussies:
BetInternet - free £25 bet
Boyle Sports - free £20 bet
TitanBet - free £10 bet
BoDog - free £25 bet
Had to sign up with Betfair as well - you have to sign up with them as you use them to place opposite bets so you don't end up losing your money! Not quite the £thousands that some people are claiming you can make, but I think it's still worth a go. Will keep you all posted.
May 3rd 2011, 1:37 pm
#15
Banned
Joined: May 2011
Posts: 12
Re: Matched Betting
Free money loophole? Hmmmmmmmmmmmmmmmmmmm..................
Somebody's got to get screwed over somewhere...
Somebody's got to get screwed over somewhere...