Wait - is that just some pattern of behaviour you've noticed or is that an actual restriction someone in the mod team has come up with for his account?
Very much the former, although there might be a way to achieve the latter
Wait - is that just some pattern of behaviour you've noticed or is that an actual restriction someone in the mod team has come up with for his account?
Very much the former, although there might be a way to achieve the latter
I'm talking about the matched part - ie. where you match it on an exchange.Reload offers.
Real money bet is a qualifier so regardless of outcome you only lose a few pence.
For example ? I don’t understand what you meanI'm talking about the matched part - ie. where you match it on an exchange.
If you win the free bet then you have to lose the exchange bet - hence evens. No gain.
Basic example.
Exchange Back odds :Aston Villa (2.0) v Sheff Utd (3.0)
Exchange Lay odds: Aston Villa (2.1) v Sheff Utd (3.1)
1.Back Aston Villa £10 on betting site (free bet) odds: 2.0
2. Lay Aston Villa on exchange, £10 (real money) odds: 2.1
If Villa win you are £1 down
If Villa lose then free bet gone down. No gain/loss
Well first monthly update - not much around this time before the season restarts again. Laying the draw.
However - I'm down 0.25 points....3 good wins, 1 loss - Silly from me as I was unable to watch the game/updates and forgot to set my out (normally around 70 minutes) if looking like a draw I usually trade out. Season starts this month so more opportunities to get stuck into it.
Basic example.
Exchange Back odds :Aston Villa (2.0) v Sheff Utd (3.0)
Exchange Lay odds: Aston Villa (2.1) v Sheff Utd (3.1)
1.Back Aston Villa £10 on betting site (free bet) odds: 2.0
2. Lay Aston Villa on exchange, £10 (real money) odds: 2.1
If Villa win you are £1 down
If Villa lose then free bet gone down. No gain/loss
Exactly, you need to understand what you are doing.Such a bad example. When using a free bet you should use odds of at least 5 to maximise the returns. And you wouldn't lay exactly £10 either.
Place £10 free bet on Ascot 13:15, ThreeLegs @ 10.0
Lay £9 at the exchange @ 10.0
Horse loses then +£9 at the exchange
Horse wins then +£90 at the bookie and -£81 at the exchange so up £9 overall.
Basic example.
Exchange Back odds :Aston Villa (2.0) v Sheff Utd (3.0)
Exchange Lay odds: Aston Villa (2.1) v Sheff Utd (3.1)
1.Back Aston Villa £10 on betting site (free bet) odds: 2.0
2. Lay Aston Villa on exchange, £10 (real money) odds: 2.1
If Villa win you are £1 down
If Villa lose then free bet gone down. No gain/loss
Such a bad example. When using a free bet you should use odds of at least 5 to maximise the returns. And you wouldn't lay exactly £10 either.
Place £10 free bet on Ascot 13:15, ThreeLegs @ 10.0
Lay £9 at the exchange @ 10.0
Horse loses then +£9 at the exchange
Horse wins then +£90 at the bookie and -£81 at the exchange so up £9 overall.
Yes, but you have to factor in that you have already staked £10 to qualify for your free bet.Laying Villa £4.81 @ 2.1 would lock in £4.71 regardless of outcome from a £10 free bet.
Yes, but you have to factor in that you have already staked £10 to qualify for your free bet.
Backing that up with a matched bet on an exchange will again decrease your overall profit depending on the outcome.
So, your £4.71 example could easily end up around the £2.50 mark or less.
And then what?
It's not like you could just keep on doing it.
This system is basically a one-trick pony!
That's far too optomistic!
This is because you will virtually never get 10.0 at a regular bookmaker and then also get 10.0 for the lay on an exchange.
For example, today's football match PSG v Angers - win odds for Angers are 23.0 at Ladbrokes, but 32.0 if you want to lay it at Betfair.
That's a huge difference, and will eat into your already meagre profits.
Nope, there is free money available - you can try to win that free money by just playing the offer (in the long run this is more profitable but allows for short term losses/swings) or you can use exchanges to hedge your bets and lock in that free money (albeit for a price - crossing the spread and paying commission) - how you structure that hedge is up to you but typically it is structured so you take a neutral position towards the result. Of course in the long run hedging or matched betting is less profitable than just playing the offers (if this isn't immediately obvious to people it will become apparent when they've done lots of it and note their negative exchange balance) but it's attractive to most people as the cost to lock in the profits isn't seen as being too high and they're generally risk averse, dislike gambling or taking risk etc..
Yes, but you have to factor in that you have already staked £10 to qualify for your free bet.
Backing that up with a matched bet on an exchange will again decrease your overall profit depending on the outcome.
So, your £4.71 example could easily end up around the £2.50 mark or less.
And then what?
It's not like you could just keep on doing it.
This system is basically a one-trick pony!
That match you selected was literally the worse way to use a free bet.Yes, but you have to factor in that you have already staked £10 to qualify for your free bet.
Backing that up with a matched bet on an exchange will again decrease your overall profit depending on the outcome.
So, your £4.71 example could easily end up around the £2.50 mark or less.
And then what?
It's not like you could just keep on doing it.
This system is basically a one-trick pony!
That's far too optomistic!
This is because you will virtually never get 10.0 at a regular bookmaker and then also get 10.0 for the lay on an exchange.
For example, today's football match PSG v Angers - win odds for Angers are 23.0 at Ladbrokes, but 32.0 if you want to lay it at Betfair.