Risk free matched betting using bookie offers

[richardxjr]

Right, you can't do this just yet but the same odds match might be available after your quali has settled ... anyway, a good match on the monkey for your free bet. One for you to understand before Weds

20/11 Granada v Mallorca Correct score 1-0 (so that's Granada to win 1-0)
Lads 8.00 BF 7.8 would give you a profit either way of £42.90.

BF stake £45.16 (this is how much liquidity you need at BF)
BF Liability £307.09 (this is how much balance you need at BF)

42.90 less 26p qualifier loss = net profit of £42.64 = 85.28% of £50

Plus your bonuses and cashback from BF signup means you'd be £100.14 up already

[Shuvi Tupya]

richardxjr said:

Go into laddies 'my account' and change the preferences to odds:decimal so you're ready to find a good match after tomorrow night for your free bet

Lets do it live again on Weds after this has settled on both sides. You may need more in your BF account though: you want £300-350 available really to match odds 7 to 7.5 which are optimum for a free £50 SNR bet.

(Which is why you really want to start with £10/£20 offers)



ETA: You've already passed the stake £25 BF threshold so your BF account will be credited by £25 bonus in 48hrs. Let me know your payment details for your share of my £25 referrer bonus too

You should also get an email from bettingwarehouse notifying you of your cashback £17.50 (if you used my referrer code) by Friday

Thanks for your help

Don't worry about splitting your referral bonus, I think you may end up earning it

[richardxjr]

You can lay all sorts of outcomes. ALWAYS make sure you are laying EXACTLY what you have backed at the bookies. In this case you are LAYING correct score granada 1-0 mallorca.

Try and find that match I've just found in both Ladds and BF. (Tip: use the search box)

Find the game in BF, look at the menu on the left and you'll see all the markets. What you are looking for is 'Correct Score' then on the main screen 'Granada 1 - 0'




ETA This is covered in the mse guide. When 'laying' you are acting as a bookmaker. So at BF you win the lay if any result OTHER than granada 1-0 is the outcome of the game. BF has matched your lay bet with some unknown punter who was wishing to back @ your lay odds.

So if granada win 1-0 you win at Laddies. Any other result and you win at BF.

Edited by richardxjr on Monday 14th November 15:23

[Shuvi Tupya]

The concept of 'laying' is already familiar to me so i have a slight grasp of what is going on , I just don't understand any of the language being used, or how odds work and what the different rules are, etc etc etc

Busily reading the MSE threads right now to see if anything clicks into place..

[richardxjr]

wanna do the lay on your free bet via your mobile for an extra £75-100?

Go here to opt in: https://optin.betfair.com/?cid=6209 then download either the apple or android app to your mobile.

If it's the apple app, turn your device landscape to reveal liquidity. It may not display your balance, but don't worry about that.

(Do not use mobile app for any other bets before this though, their mobile cashback bonus of 25% back stake or lay liability only applies to your first settled mobile bet)

Edited by richardxjr on Monday 14th November 15:56

[Shuvi Tupya]

^^^^ Sounds interesting!

richardxjr said:

20/11 Granada v Mallorca Correct score 1-0 (so that's Granada to win 1-0)
Lads 8.00 BF 7.8 would give you a profit either way of £42.90.

Ok i have been looking at this bet..

I am trying to keep the figures mroe simple until i get the idea but it seems to me if i made both bets £50 this would be the outcome:

The £50 lay would create a win of £390, or a loss of £340
The £50 bet would create a win of £400, or a loss of £50

Now if i win the bet at ladbrokes i have £400 (plus my original £50?) with which to pay my liability to betfair. This would leave me £110. My original stake for both bets would have been £100. A profit of £10.

If i win the lay I win £390 which is all mine, but my stake(s) were £100, so a profit of £290?

Are those figures correct?

Edited by Shuvi Tupya on Monday 14th November 16:13

[richardxjr]

Ahh, but you won't be laying £50. The matcher.xls spreadsheet calculates that for a £50 stake not returned bet your lay stake @ 7.8 needs to be £45.16 in order to create a matched payout.

For this bet you've outlayed £307.09 = your BF lay liability.

If bookie bet wins you get £350 winnings back (stake not returned) so a profit of £42.91

If lay bet wins you get back your lay liability £307.09 PLUS the lay stake of (45.19 less BF commission 5% =) £42.93 so a profit of £42.93

Let me know if you can't find matcher.xls spreadsheet on mse.

Edited by richardxjr on Monday 14th November 16:21

[richardxjr]

IF like me (earlier in this thread) you signed up with Lads through topcashback, you'll also get £20.60 off them (this take a few weeks to come through from topcashback). So you could be nearly £200 up just on this first bet

[Shuvi Tupya]

I do have the spreadsheet thingy, just not really played with it yet.

I notice you are doing your calcs based on this being an 'SNR' bet. Are most bets SNR ?

See, i have also learned three new intials

[Shuvi Tupya]

richardxjr said:

IF like me (earlier in this thread) you signed up with Lads through topcashback, you'll also get £20.60 off them (this take a few weeks to come through from topcashback). So you could be nearly £200 up just on this first bet

Nope, i missed that opportunity, but i have signed up now..

[richardxjr]

Generally yes, the easiest offers from the big brand bookies are SNR.

It's usually stake £xx for a matched £xx free bet, which will be stake not returned and usually the winnings are withdrawable straight away.
If it's stake not returned it will be clear in the offer's T+Cs.

Either that or a stake £xx for a bonus of £xx or £yy which will equal a stake returned SR bet BUT with a wagering requirement (wr): if you win on the bookie side you'll need to bet this through a number of times (low odds low loss just like qualis) before you can withdraw these winnings. Obviously losing at the bookie side and winning on the lay side ('busting out') also releases these winning without having to complete the wr.

All in the mse intro guide

[Shuvi Tupya]

richardxjr said:

All in the mse intro guide

I am working my way through it, unfortunately it is going in one eye and out of the other at the moment as it is so much new information to try and take in.

Still, they do say you may need to read through it all a few times, good job i have some time on my hands right now..

[Shuvi Tupya]

FFS..

Betfair have suspended my account while they check my age. I have emailed them a scan of my drivers license. Lets hope they allow the bet or the pooch will be screwed..

[richardxjr]

Don't worry. You probably showed up on the electoral roll as a kid

The DL scan will sort it I'm sure

[Shuvi Tupya]

I just discovered ladbrokes has done the same thing, but that was solved over the phone.

Betfair are going to take up to 48 hours to verify my age/address (i have recently moved, a few times) but my bet is matched, so it will stand

Phew

[richardxjr]

Let us know when resolved: you obviously won't be wanting to do your free bet until it's all cushty.

[richardxjr]

Shuvi: UkraineU21 won 2-0, so you have winnings @ ladbrokes.

I wouldn't withdraw this until you've bet your free bet: let me know when you are ready to do this

[Shuvi Tupya]

Yup, £16 up at ladbrokes and £16 down at Betfair

I now have 7 days to use the free Bet and both accounts are now verified so i am good to go.

Been busy today so not spent any more time on this, obviously i am still not that confident about finding good bets for myself but i am sure it will come to me once i get the idea

[richardxjr]

I think those Granada Mallorca odds are still available. I wouldn't bet too close to a kick off. Anyway, Lads is full of good odds matches all of the time so I won't rush you - give us a shout if you need any help

(Remember to do your lay via BFmobile - I linked to the opt-in on the BF offer earlier in this thread. You'll get refunded 25% of your lay liability up to £100 on your first ever BF mobile bet, whatever the game outcome)

[Shuvi Tupya]

Thanks
I will install BFmobile on my asus pad later, i assume i can use my existing account.


Sounds like a nice bonus, I will have to try and get my liability as near to £400 as possible if i understand it correctly.