Matched betting - who's done it and who's good at it? (No Referrals)

[Diddums]

Am I being stupid? How does one Trust you? There isn't anything there.

Use this link. It's not a referral but will still give you the month free. I'm not fussed about the referral money

https://www.yesbets.co.uk/cheltenham-2017/

 

[Diddums]

Damn

I've placed 3 as "normal"...How likely is that to cause me a problem?

EDIT: Genting, Totesport and Dafabet are the ones in question



Appreciate any assistance please Thanks!

This won't cause you any problems, it's just that if the back bet wins, you lose your QL and won't get a free bet. If the lay wins, you'll get the free bet and get more profit than had you calculated as 1st bet refund. There's a vid in the tutorial section of Yesbets.

 

[doodah]

Use this link. It's not a referral but will still give you the month free. I'm not fussed about the referral money

https://www.yesbets.co.uk/cheltenham-2017/

Ah cool, thought I had to go through you. Thanks.

 

[azibux1]

This won't cause you any problems, it's just that if the back bet wins, you lose your QL and won't get a free bet. If the lay wins, you'll get the free bet and get more profit than had you calculated as 1st bet refund. There's a vid in the tutorial section of Yesbets.

Sorry what's the QL? Never heard that term before

I'll hope the back bets lose then (quite likely by looking at the odds I think?) so I can cash in on the free bets

Cool, I shouldn't have jumped the gun lol, should have checked out that video.. will take a look tonight!

 

[BigT]

QL = Qualifying Loss. It's the amount of money you are guaranteed to lose on a normal matched bet (normally acceptable because you are using it to gain a free bet from which you'll extract 80% of the value). Occasionally you can have a qualifying gain where no matter the outcome you'll make a small amount on a regular matched bet. This is known as an arb.

 

[Diddums]

Sorry what's the QL? Never heard that term before

I'll hope the back bets lose then (quite likely by looking at the odds I think?) so I can cash in on the free bets

Cool, I shouldn't have jumped the gun lol, should have checked out that video.. will take a look tonight!

Exactly as BigT says, it's the hit you take to unlock the free bet. It stands for "qualifying loss" and is probably the most commonly used word in matched betting

 

[tlrBeta]

Hi All,

Just coming back to Cheltenham bets,

My bank roll is fairly limited, so I'll be targeting the First and Last race offers on SkyBet and BetWay. I expect Combined Liability should help me out a little here (assuming I've understood it correctly - about 50% of my bank roll currently in SMarkets).

On this, am I correct in thinking you Back and Lay as usual, but only the max Lay will be deducted from SMarkets / BetFair. So for example, if I have £100 of available liability in SMarkets, I can spread this across as many bets on the same race as I like, assuming they are all under £100 - correct?

That said, anyone that might be targeting the same offers, has anyone done any calculations yet? I'm yet to do some, but it seems the QL is a little more then usual, assuming the back bet loses of course.

 

[booyaka]

Hi All,

Just coming back to Cheltenham bets,

My bank roll is fairly limited, so I'll be targeting the First and Last race offers on SkyBet and BetWay. I expect Combined Liability should help me out a little here (assuming I've understood it correctly - about 50% of my bank roll currently in SMarkets).

On this, am I correct in thinking you Back and Lay as usual, but only the max Lay will be deducted from SMarkets / BetFair. So for example, if I have £100 of available liability in SMarkets, I can spread this across as many bets on the same race as I like, assuming they are all under £100 - correct?

That said, anyone that might be targeting the same offers, has anyone done any calculations yet? I'm yet to do some, but it seems the QL is a little more then usual, assuming the back bet loses of course.

wait till tomorrow when the money starts to pile in and QL should be smaller.

I'm really struggling for time but the Skybet offer is an easy one to do for sure. Also the High 5 is decent on hills. Wish I had more time but too much work on just now!

 

[tlrBeta]

wait till tomorrow when the money starts to pile in and QL should be smaller.

I'm really struggling for time but the Skybet offer is an easy one to do for sure. Also the High 5 is decent on hills. Wish I had more time but too much work on just now!

Thanks - i will try, also quite limited on time tomorrow. Though i will have time Wed and Thu.

Was i correct on that combined liability piece? Thanks

 

[azibux1]

QL = Qualifying Loss. It's the amount of money you are guaranteed to lose on a normal matched bet (normally acceptable because you are using it to gain a free bet from which you'll extract 80% of the value). Occasionally you can have a qualifying gain where no matter the outcome you'll make a small amount on a regular matched bet. This is known as an arb.

Exactly as BigT says, it's the hit you take to unlock the free bet. It stands for "qualifying loss" and is probably the most commonly used word in matched betting

Great, thanks guys!

 

[doodah]

Thanks - i will try, also quite limited on time tomorrow. Though i will have time Wed and Thu.

Was i correct on that combined liability piece? Thanks

Yeah shared liability can be a life saver especially for extra place races. Your total liability for a race will be that of the largest horse/odds/stake if you have several covered for the same race.

I know I keep banging on about but boy there are some good offers this week. Extra place races are finally back to 1/4

 

[Gun9]

Cheltenham day 1. the story so far.....

Tuesday

ALL DAY
BetBright - Bet £300 Get £100. only the first 3 races Place a bet on each of the first three races (13:30, 14:10 & 14:50) at Cheltenham
Stan James - £5 Free Bet.
Ladbrokes - £25 refund in one race per day, if a Willie Mullins trained horse wins.
888sport - Bet £30 and get a Double Winnings token.

13:30 SKY BET SUPREME NOVICES HURDLE (GRADE 1)
Sky Bet £20 Risk-Free - Place a £20 bet on any horse. If it loses you'll get a £20 free bet.
Betway £10 Risk-Free - Place a £10 bet on any horse. If it loses you'll get a £10 free bet.
BlackType - Bet £10 and get a £5 free bet every time the winning jockey rides another winner.
Grosvenor - Double odds token to use with a £10 bet.
Sun Bets - Bet £10 Get 2x £5 Free Bets for other races.
10Bet - £10 free bet if your horse finishes 2nd to SP favourite.
21Bet - £25 free bet faller refund.
888sport - £25 free bet faller refund.
Bet365 - £50 risk-free bet in the next race bet if your horse wins at odds of 5.0 or greater.
Betfair Sportsbook - £25 free bet if your horse wins at SP odds of 4.0 or greater.
BetMcLean - £25 free bet if your horse finishes 2nd to a Willie Mullins trained winner.
BetStars - £25 free bet faller refund.
BoyleSports - £25 free bet if your horse finishes 2nd or 3rd to SP favourite.
BruceBetting - £25 free bet faller refund.
Coral - £25 free bet faller refund.
Matchbook - 0% commission.
My Club Betting - £30 free bet if your horse loses by less than a length.
Paddy Power - £20 free bet if your horse finishes 2nd.
Smarkets - 0% commission.
TitanBet - £25 free bet faller refund.
Toals - £25 free bet if your horse finishes 2nd to an Irish trained winner.
William Hill - £25 free bet for losers if the winning horse wins by 5 lengths or more and a 25% bonus up to £100 if your horse wins by 5 lengths.
Winner - £25 free bet faller refund.

14:10 RACING POST ARKLE CHALLENGE TROPHY CHASE (GRADE 1)
10Bet - £10 free bet if your horse finishes 2nd to SP favourite.
21Bet - £25 free bet faller refund.
888sport - £25 free bet faller refund.
Bet365 - £50 risk-free bet in the next race bet if your horse wins at odds of 5.0 or greater.
Betfair Sportsbook - £25 free bet if your horse wins at SP odds of 4.0 or greater.
BetMcLean - £25 free bet if your horse finishes 2nd to a Willie Mullins trained winner.
BetStars - £25 free bet faller refund.
BoyleSports - £25 free bet if your horse finishes 2nd or 3rd to SP favourite.
BruceBetting - £25 free bet faller refund.
Coral - £25 free bet faller refund.
Matchbook - 0% commission.
My Club Betting - £30 free bet if your horse loses by less than a length.
Paddy Power - £20 free bet if your horse finishes 2nd.
TitanBet - £25 free bet faller refund.
Toals - £25 free bet if your horse finishes 2nd to an Irish trained winner.
William Hill - £25 free bet if your horse finishes 2nd by 5 lengths. If your horse wins the race by 5 lengths or more, you will get a 25% bonus.
Winner - £25 free bet faller refund.

14:50 ULTIMA BUSINESS SOLUTIONS HANDICAP CHASE (GRADE 3)
10Bet - £10 free bet if your horse finishes 2nd to SP favourite.
21Bet - £25 free bet faller refund.
888sport - £25 free bet faller refund.
Bet365 - £50 risk-free bet in the next race bet if your horse wins at odds of 5.0 or greater.
Betfair Sportsbook - £25 free bet if your horse wins at SP odds of 4.0 or greater.
BetMcLean - £25 free bet if your horse finishes 2nd to a Willie Mullins trained winner.
BetStars - £50 free bet if your horse finishes 2nd or 3rd.
BetStars - £25 free bet faller refund.
BoyleSports - £25 free bet if your horse finishes 2nd or 3rd to SP favourite.
BruceBetting - £25 free bet faller refund.
Coral - £25 free bet faller refund.
Matchbook - 0% commission.
My Club Betting - £30 free bet if your horse loses by less than a length.
Paddy Power - £20 free bet if your horse finishes 2nd.
Sportingbet - £25 refund if your horse finishes 2nd.
TitanBet - £25 free bet faller refund.
Toals - £25 free bet if your horse finishes 2nd to an Irish trained winner.
William Hill - £25 free bet if your horse finishes 2nd by 5 lengths. If your horse wins the race by 5 lengths or more, you will get a 25% bonus.
Winner - £25 free bet faller refund.

15:30 STAN JAMES CHAMPION HURDLE (GRADE 1)
21Bet - £25 free bet faller refund.
888sport - £25 free bet faller refund.
Bet365 - £50 risk-free bet in the next race bet if your horse wins at odds of 5.0 or greater.
Betdaq £25 Boost - 20% boost up to £25 on net profit.
Betfair Sportsbook - £25 free bet if your horse wins at SP odds of 4.0 or greater.
BetMcLean - £25 free bet if your horse finishes 2nd to a Willie Mullins trained winner.
BetStars - £25 free bet faller refund.
BoyleSports - £25 free bet if your horse finishes 2nd or 3rd to SP favourite.
BruceBetting - £25 free bet faller refund.
Coral - £25 free bet faller refund.
Matchbook - 0% commission.
My Club Betting - £30 free bet if your horse loses by less than a length.
Paddy Power - £20 free bet if your horse finishes 2nd.
TitanBet - £25 free bet faller refund.
Toals - £25 free bet if your horse finishes 2nd to an Irish trained winner.
Unibet £10 free bet if your horse finishes 2nd.
William Hill - £25 free bet if your horse finishes 2nd by 5 lengths. If your horse wins the race by 5 lengths or more, you will get a 25% bonus.
Winner - £25 free bet faller refund.

16:10 OLBG MARES' HURDLE (GRADE 1)
21Bet - £25 free bet faller refund.
888sport - £25 free bet faller refund.
Bet365 - £50 risk-free bet in the next race bet if your horse wins at odds of 5.0 or greater.
Betfair Sportsbook - £25 free bet if your horse wins at SP odds of 4.0 or greater.
BetMcLean - £25 free bet if your horse finishes 2nd to a Willie Mullins trained winner.
BetStars - £25 free bet faller refund.
BoyleSports - £25 free bet if your horse finishes 2nd or 3rd to SP favourite.
BruceBetting - £25 free bet faller refund.
Coral - £25 free bet faller refund.
Matchbook - 0% commission.
My Club Betting - £30 free bet if your horse loses by less than a length.
Paddy Power - £20 free bet if your horse finishes 2nd.
TitanBet - £25 free bet faller refund.
Toals - £25 free bet if your horse finishes 2nd to an Irish trained winner.
William Hill - £25 free bet if your horse finishes 2nd by 5 lengths. If your horse wins the race by 5 lengths or more, you will get a 25% bonus.
Winner - £25 free bet faller refund.

16:50 J T MCNAMARA NATIONAL HUNT CHASE (AMATEUR RIDERS)
21Bet - £25 free bet faller refund.
888sport - £25 free bet faller refund.
BetMcLean - £25 free bet if your horse finishes 2nd to a Willie Mullins trained winner.
BetStars - £25 free bet faller refund.
BoyleSports - £25 free bet if your horse finishes 2nd or 3rd to SP favourite.
BruceBetting - £25 free bet faller refund.
Coral - £25 free bet faller refund.
Matchbook - 0% commission.
My Club Betting - £30 free bet if your horse loses by less than a length.
Sportingbet - £25 refund if your horse finishes 2nd.
TitanBet - £25 free bet faller refund.
Toals - £25 free bet if your horse finishes 2nd to an Irish trained winner.
William Hill - £25 free bet if your horse finishes 2nd by 5 lengths. If your horse wins the race by 5 lengths or more, you will get a 25% bonus.
Winner - £25 free bet faller refund.

17:30 CLOSE BROTHERS NOVICES' HANDICAP CHASE
21Bet - £25 free bet faller refund.
888sport - £25 free bet faller refund.
BetMcLean - £25 free bet if your horse finishes 2nd to a Willie Mullins trained winner.
BetStars - £25 free bet faller refund.
Betway £10 Risk-Free - Place a £10 bet on any horse. If it loses you'll get a £10 free bet.
BoyleSports - £25 free bet if your horse finishes 2nd or 3rd to SP favourite.
BruceBetting - £25 free bet faller refund.
Coral - £25 free bet faller refund.
Matchbook - 0% commission.
My Club Betting - £30 free bet if your horse loses by less than a length.
Sportingbet - £25 refund if your horse finishes 2nd.
TitanBet - £25 free bet faller refund.
Toals - £25 free bet if your horse finishes 2nd to an Irish trained winner.
William Hill - £25 free bet if your horse finishes 2nd by 5 lengths. If your horse wins the race by 5 lengths or more, you will get a 25% bonus.
Winner - £25 free bet faller refund.

 

[booyaka]

lol - wish I had about 5 spare hours!!!! Could do about a grand a day!!!

 

[booyaka]

If your quick - 4.10 at Cheltenham. William hill - back Limini @ 3.0 and you can lay for 2.72 at the moment on betfair so your QL is actually a profit of about £2! £20 on and get 2 free £5 bets tomorrow with william hills (this might be account specific)

 

[steinooo]

lol - wish I had about 5 spare hours!!!! Could do about a grand a day!!!

tbh there's a fair case there to take this week off work to do these instead!

How would one take advantage of a free bet faller refund?

 

[Quinnaay]

tbh there's a fair case there to take this week off work to do these instead!

How would one take advantage of a free bet faller refund?

With this offer you dont really want to back it in hopes of a faller as chances are relatively slim, you want to back and lay horses with a small QL preferably that has other refund possibilities and if it happens just use SNR on the calculator with the refund to make a profit.

 

[steinooo]

With this offer you dont really want to back it in hopes of a faller as chances are relatively slim, you want to back and lay horses with a small QL preferably that has other refund possibilities and if it happens just use SNR on the calculator with the refund to make a profit.

I'm with you thanks.

 

[Vauxmad]

Has anyone got experience of withdrawing from Betway? I just completed there £100 free bet signup and completed the £1000 wagering requirement and had the worst case scenario happen - nearly every bet won in the bookie and I'm now looking at a balance of over a grand. Im a bit concerned they will try and get out of paying me due to the below condition:-

6. Before any withdrawals are processed, your play will be reviewed for any irregular playing patterns. In the interests of fair gaming, equal, zero or low margin bets or hedge betting, shall all be considered irregular gaming for Bonus playthrough requirement purposes. Should Betway Sports deem that irregular game play has occurred, the Sportsbook reserves the right to withhold any withdrawals and/or confiscate all winnings.
​

Its really messed up cheltenham week for me as 2/3rds of my bankroll are tied up in their account!

 

[Gman]

Has anyone got experience of withdrawing from Betway? I just completed there £100 free bet signup and completed the £1000 wagering requirement and had the worst case scenario happen - nearly every bet won in the bookie and I'm now looking at a balance of over a grand. Im a bit concerned they will try and get out of paying me due to the below condition:-

6. Before any withdrawals are processed, your play will be reviewed for any irregular playing patterns. In the interests of fair gaming, equal, zero or low margin bets or hedge betting, shall all be considered irregular gaming for Bonus playthrough requirement purposes. Should Betway Sports deem that irregular game play has occurred, the Sportsbook reserves the right to withhold any withdrawals and/or confiscate all winnings.
​

Its really messed up cheltenham week for me as 2/3rds of my bankroll are tied up in their account!

this is the one thing putting me off that offer worth doing but when the back's keep winning it can be a pain.

Personally I would try and withdraw the money, if I was a normal punter I probably would.

 

[RobDogDog]

Made about £20. I'm happy haha! I see people making £200+ saying they've not had a great day. Gees, I'd love to have £200+!