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My Official £50-£46,000 betting challenge

Discussion in 'Sports Arena' started by robfosters, 27 Dec 2011.

  1. Begbie

    Capodecina

    Joined: 20 Oct 2004

    Posts: 23,987

    Location: ....

    Talk to me?!?!
     
  2. Black Dynamite

    Gangster

    Joined: 18 Jul 2012

    Posts: 458

    Any tips / resources you use on matched betting?

    Ouch!

    I'd withdraw the £500 and start with £80, if I do manage to get to quite a high figure I know the problem will be when to pull money out or keep it in!
     
  3. Begbie

    Capodecina

    Joined: 20 Oct 2004

    Posts: 23,987

    Location: ....

    Pretty gutting, but I'm still up so can't grumble. Think that's what I'm going to do if I'm honest.
     
  4. meths

    Mobster

    Joined: 12 Mar 2005

    Posts: 3,929

    The Money Saving Expert forums have a subforum dedicated to it with plenty info in the stickies and links to various spreadsheets that will help calculate your stakes for you.

    It's easy money as long as you're careful. :)
     
  5. mr tommo

    Soldato

    Joined: 13 Dec 2004

    Posts: 5,382

    Location: Stoke-on-Trent

    Begbie, are you doing this as explained in the OP? or through matched betting?

    Want to give something like this a go.
     
  6. booyaka

    Capodecina

    Joined: 19 Jan 2006

    Posts: 13,182

    Unlucky Begbie - take the £500 and be happy!

    Did the same myself again.

    Got £10 to £76 quid on 1.02 or less.

    Last saturday bet on a game that was 1-0 after 40 mins for under 6.5 goals @ 1.02.

    Goal fest in 2nd half to finish 4-3!! (3 goals in last 5 mins as well)
     
  7. mr tommo

    Soldato

    Joined: 13 Dec 2004

    Posts: 5,382

    Location: Stoke-on-Trent

    I'm not able to find many games over 6.5 goals. Im using Paddypower at the mo, is this why most of you use Betfair?
     
  8. Begbie

    Capodecina

    Joined: 20 Oct 2004

    Posts: 23,987

    Location: ....

    Same as OP, but even more anal and 9/10 only 1.01 and (not all the time) researching both teams.

    I may give matched betting a go though. Think I've ran my course with this.
     
  9. Black Dynamite

    Gangster

    Joined: 18 Jul 2012

    Posts: 458

    Cheers mate, i'll have a look at it.

    Have you made much from it?

    I use betfair and providing it is in the first 10 minutes or first 30 minutes if there has been a goal i'm fine getting an under 6.5 market.
     
  10. meths

    Mobster

    Joined: 12 Mar 2005

    Posts: 3,929

    Made £380 in my first two weeks then had to withdraw £300 to MOT the car. The £80 left in is cashback that I haven't been paid yet but is due to be paid this month.

    I was using £300 of my own money as a float during that time and had just got to the stage where my betting was self-sufficient by the time I had to withdraw the cash.

    You'll initially make money quickly on the signup offers - about £200 a week is more than doable and I reckon you could make £100 a week without breaking a sweat just on the reload offers after that.

    The are a lot of guys on the MSE forum that claim to make a lot more than that but I'd take what people claim to be doing with a pinch of salt.

    Skybet are a good bookie to use for your first go as they give you a £10 free bet just for registering. You don't even need to deposit any cash.
     
  11. doodah

    Capodecina

    Joined: 18 Oct 2002

    Posts: 22,536

    Location: London

    You need to be able to sign up to new betting websites to do this right? I have exhausted almost all of the main ones :(
     
  12. meths

    Mobster

    Joined: 12 Mar 2005

    Posts: 3,929

    Initially yes but there are that many promotions run by the bookies you can continue to make money after you've completed the sign up offers e.g. Ladbrokes and Paddy Power often do promotions where you get your money back in the form of a free bet if a particular scenario occurs.

    There are ways to lock in a profit from these type of offers as well.

    Edit: Also some of the biggest sign up offers come from the Australian bookies if you've not done them yet.
     
  13. booyaka

    Capodecina

    Joined: 19 Jan 2006

    Posts: 13,182

    Good laugh and a free £5 to start with.

    http://www.betdash.com

    Let me know anyone who wants and I will send you an invite. Idea is that you get 100,000 for your £5 and the idea is to make that to 1,000,000 in 10days to win cash with your free £5.

    Have a look - good fun. Costs nothing!
     
  14. Gribs

    Wise Guy

    Joined: 12 Nov 2003

    Posts: 2,340

    Location: Skipton

    Mainly. Once you start moving into the slightly obscure foreign ones the risks go up and I'd advise plenty of research first. I managed about £1500 from matched betting a couple of years ago but once the easy intro offers are gone it's much harder work for less reward.

    A friend made plenty using the bet365 £200 offer using details of people he knew. He provided the capital and actually did the betting, they just provided their details and got a share of the profit. It was too dodgy for me though I did show a few friends how to do it and walked them through the bet365 offer as if you've got an £1000 float then it's very easy to pull at least £180 from it if you use the horses. The best made slightly over £200 due to a few good arbs.
     
    Last edited: 13 Dec 2012
  15. doodah

    Capodecina

    Joined: 18 Oct 2002

    Posts: 22,536

    Location: London

    Holy thread revival. A fellow OcUK was asking about lumping on sure fire bets so I suggested this as a bit of fun. Did anyone get to £46k :p?

    Got thwarted by a Newcastle v Fulham game that was 1-0 at HT and ended up 5-2 :o:mad:. Haven't really tried much since then but might start up again soon.
     
  16. Begbie

    Capodecina

    Joined: 20 Oct 2004

    Posts: 23,987

    Location: ....

    I made a grand, lost £500 on a daft bet.

    So ended up £580 all in, never done it since. I wanted to cry when it happened. Though I was starting to make £20-30 a day when I stopped.

    It is doable, but it's also very very easy to lose everything.
     
  17. chipperhead

    Mobster

    Joined: 7 Feb 2004

    Posts: 2,998

    I started again a week ago, began with a tenner up to £27.
    It takes a lot of bets when your betting at 1.01 or 1.02, I'm doing it more for fun as a freak result will always get you in the end.
     
  18. livid321

    Associate

    Joined: 17 Jul 2009

    Posts: 24

    a friend of mine did this in the summer. he started with 10 quid and got up to about 500. then he bet the lot on Nadal's first round match at wimbledon.
     
  19. TurnipHead

    Soldato

    Joined: 13 Mar 2007

    Posts: 6,575

    Location: UK

    I made £60 then lost it cause I got cocky. I keep wanting to try again but it took a lot of my time up.
     
  20. blitzwing85

    Mobster

    Joined: 11 Sep 2011

    Posts: 2,544

    Location: Reykjavik, Iceland

    I'd quite fancy doing this during break at work but won't be anything happening at those times. Don't really have time in the evenings. (unless it's really quick and easy to do?)

    Never gambled before other than cards in Vegas but I this sounds like a fun way to do it.

    Would like to do it on the NHL - anyone recommend any good sites that cover that? Or do they all?
    Mind you, the NHL is probably a minefield for score scenarios as those games can change SO quickly. But I just don't have any interest in football at all so seems kind of boring betting on a sport you don't like.