Risk free matched betting using bookie offers
Discussion
I've been watching this thread for a little while (and read through the MSE thread a few times) and I've finally decided to dip my toe in the water. I won't have chance to sit down for an hour this evening but will do in the morning, will the good footy bets still be available then do you think?
Also, prepare for lots of inane questions as I fumble my way through!
Also, prepare for lots of inane questions as I fumble my way through!
I started with £180. £200 in BF and £100 for bet stakes would be better.
Only now have I hit a slight liquidity issue. I am on a big offer (PP £200) with lots of qualis after the first free £50, and they keep winning bookie side.
I've enough in BF to keep doing these qualis (low odds = low lay risk) and building up the free bets to use once money has moved from PP-Bank-BF.
Only now have I hit a slight liquidity issue. I am on a big offer (PP £200) with lots of qualis after the first free £50, and they keep winning bookie side.
I've enough in BF to keep doing these qualis (low odds = low lay risk) and building up the free bets to use once money has moved from PP-Bank-BF.
Furry muff. Need ideally to start with more though to maximise the profit. But at least you've got the numbers correct 
Everton 2-1 Wolves, correct score (full time)
Back skybet your free £10 @ 8.5
Lay BF £8.02 stake @ 9.4
(you need £67.37 @ BF to cover the liability)
Return £7.62
That's the best I can find for sky at the mo. It's better than I got with my first bet.
Don't forget as soon as your stakes placed = £25 (not liability) you get your £25 bonus @ BF (And your share of a decent referrer's bonus too
). Well, within 48hrs of hitting it anyway. That helps a lot in the first week.
Everton 2-1 Wolves, correct score (full time)
Back skybet your free £10 @ 8.5
Lay BF £8.02 stake @ 9.4
(you need £67.37 @ BF to cover the liability)
Return £7.62
That's the best I can find for sky at the mo. It's better than I got with my first bet.
Don't forget as soon as your stakes placed = £25 (not liability) you get your £25 bonus @ BF (And your share of a decent referrer's bonus too
). Well, within 48hrs of hitting it anyway. That helps a lot in the first week.Edited by richardxjr on Friday 18th November 15:55
richardxjr said:
Furry muff. Need ideally to start with more though to maximise the profit. But at least you've got the numbers correct
Everton 2-1 Wolves, correct score (full time)
Back skybet @ 8.5
Lay BF £8.02 stake @ 9.4
(you need £67.37 @ BF to cover the liability)
Return £7.62
That's the best I can find for sky at the mo. It's better than I got with my first bet.
Don't forget as soon as your stakes placed = £25 (not liability) you get your £25 bonus @ BF. Well within 48hrs of hitting it anyway. That helps a lot in the first week.
I guess there's no way of safeguarding the stakes placed on BF, just picking low odds to minimise risk?Everton 2-1 Wolves, correct score (full time)
Back skybet @ 8.5
Lay BF £8.02 stake @ 9.4
(you need £67.37 @ BF to cover the liability)
Return £7.62
That's the best I can find for sky at the mo. It's better than I got with my first bet.
Don't forget as soon as your stakes placed = £25 (not liability) you get your £25 bonus @ BF. Well within 48hrs of hitting it anyway. That helps a lot in the first week.
richardxjr said:
It does take a bit of time to get your head round it
. Understand the arithmetic behind matcher.xls so you know exactly what's happening.I wrote out my first few matches by hand, that helps.
shakotan, you deleted your post. But I'm going to answer anyway just so everybody understands
For what we are doing you only use the exchange, BF, to LAY your bets.
Your bonus eligibility is based on your LAY stake (not liability)
These bonuses don't affect how you matched bet using bookie offers. They are extra cash for placing your (LAY) business with BF.
ETA! This only applies if you've joined BF with a referrer code. If you just sign up from their homepage the standard offer is a free bet. It's nowhere near as profitable, and in this situation you back @ BF (as they are the bookie with the offer in this situation) and you lay at another exchange, eg Betdaq.
For what we are doing you only use the exchange, BF, to LAY your bets.
Your bonus eligibility is based on your LAY stake (not liability)
These bonuses don't affect how you matched bet using bookie offers. They are extra cash for placing your (LAY) business with BF.
ETA! This only applies if you've joined BF with a referrer code. If you just sign up from their homepage the standard offer is a free bet. It's nowhere near as profitable, and in this situation you back @ BF (as they are the bookie with the offer in this situation) and you lay at another exchange, eg Betdaq.
Edited by richardxjr on Friday 18th November 16:14
richardxjr said:
shakotan, you deleted your post. But I'm going to answer anyway just so everybody understands
For what we are doing you only use the exchange, BF, to LAY your bets.
Your bonus eligibility is based on your LAY stake (not liability)
These bonuses don't affect how you matched bet using bookie offers. They are extra cash for placing your (LAY) business with BF.
Yes, I mis-interpreted the rules for the bonus, and thought LAY bets didn't count. I'm a 'tard...For what we are doing you only use the exchange, BF, to LAY your bets.
Your bonus eligibility is based on your LAY stake (not liability)
These bonuses don't affect how you matched bet using bookie offers. They are extra cash for placing your (LAY) business with BF.
Lay bets are the reason for exchanges' existence They don't care whether you win or lose (at this level) as they earn commission (starting at 5%) on whoever's side wins each bet at the exchange.
Matcherxls calculates your lay stakes for a matched bet, taking this commission into account.
When you see on a single footy match, matched stakes of £5m, work out their percentage they make, and you can see how they can afford to throw £100's attracting new business
They don't care whether you win or lose (at this level) as they earn commission (starting at 5%) on whoever's side wins each bet at the exchange. Matcherxls calculates your lay stakes for a matched bet, taking this commission into account.
When you see on a single footy match, matched stakes of £5m, work out their percentage they make, and you can see how they can afford to throw £100's attracting new business
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