Matched betting - chat, help and advice

[shefox]

I'm going to give it a go too, I need to do some more research etc.

[mrsbenny]

How long does it take for winnings to go back into your bank account after withdrawing from coral or Betfair?

[mrsbenny]

I think I’m actually starting to get my head around this!

But if you pay into both bookies and betfred exchange to get started. You lose both bets on bookies but have money in the exchange and you want to move on and open your next bookies account. Do you have to add more money from bank account or do you use your winnings in Betfair Exchange which would mean waiting a few days for funds to clear?

Also if I am wanting to make say £200 per month from matched betting do I need to open accounts in different family names or do people manage with their own accounts but have several betting accounts open and use those for reloads etc.

Do you use your winnings to use in bookies to qualify for free bets rather than using your own cash?

Sorry for all the questions.

[ziggyzag]

Originally Posted by mrsbenny

How long does it take for winnings to go back into your bank account after withdrawing from coral or Betfair?

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I cashed in my Grand National winnings Saturday night, it was in my bank Tuesday morning

[Myakka17]

I'm in. Started reading the other thread but now have 2 work days so will REALLY start reading into this tomorrow.

[familyofthree]

Originally Posted by OLS

My aim would be for the horses after a month or so at the football till I get comfortable (I do have the occasional flutter now and again on them so I am quite familiar with betting on them) - I assume though you still have to pick something with a reasonable chance to keep the liability down? I’m assuming also it’s best to do your bets on the horses to win rather than each way?

Can you do it with Accas as well or is that a bit risky getting everything on and lined up properly?

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I am not sure which mb site you are signed up to but they should all have an accumulator section. Plenty of bookies offer acca insurance, one team lets the acca down you get stake back as free bet up to x amount or if it wins the winnings get boosted by x %.
I mostly do accas now and do a mix of no lay, lockin/lay sequential and lay all at start. Terms will make sense once you starting looking in to it.

I am with oddsmonkey at the moment mainly because their acca tool is great. It picks the best matches for each bookie and method and shows you all the acca refund rules to make sure you will be able to take advantage of the free bet if triggered.

I would be cautious with horses though, from what other mb sites say they are a quick way to get limited at the bookies. I am gubbed from paddy power and ladbrokes, so I am no longer entitled to offers from them ever. I am limited to bets of only 20p on a horse. I can however bet whatever I like on football!
If you decide to do horses make sure you do regular mug bets which means don't exclusively bet to take advantage of the offers, throw in some bets that won't get you those free bets or extra places etc to try and keep your account from being restricted.

[familyofthree]

Originally Posted by mrsbenny

I think I’m actually starting to get my head around this!

But if you pay into both bookies and betfred exchange to get started. You lose both bets on bookies but have money in the exchange and you want to move on and open your next bookies account. Do you have to add more money from bank account or do you use your winnings in Betfair Exchange which would mean waiting a few days for funds to clear?

Also if I am wanting to make say £200 per month from matched betting do I need to open accounts in different family names or do people manage with their own accounts but have several betting accounts open and use those for reloads etc.

Do you use your winnings to use in bookies to qualify for free bets rather than using your own cash?

Sorry for all the questions.

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I easily make at least £200 a day from reloads on a core of about 4 bookies, all my own accounts no multi accounting for me.
I would decide how much of your own money you can afford to use to start with. I only had £50 so my first few offers were slow because I had to wait for money to move around between bookies and exchange. Once you have a couple of hundred pound available you should have plenty to be able to do offers without to much waiting.

My advice would be make sure you track your profit so you don't get confused. I log everything on an excel spreadsheet. It is great to see the balance increasing every month and I do a funds check each week, so check bookie and exchange balances with what I have in my dedicated bank account and make sure that adds up to my total profit.

[mrsbenny]

Thanks, I’m going to start with £50 and build up slowly! I haven’t got a clue how to do a football acca. Can you do the equivalent acca on Betfair Exchange?

£200 a day or month did you mean?

[stupet11]

When I started I kept a spreadsheet of my bets. It helped makes sure I had placed them right, reminded me I what games I had bet on and who with (easy to lose track) and of course track your profits.

To start I didn't want to risk my own money as such so opened a current account and switched it to one offering a switching bonus of around £200. Then I dove in. Obviously takes a couple of month, but if anyone a bit nervous might help...

[butterflymags]

Glad you are all giving it a go. I started it a year ago after a fellow dibber recommended it. There's a few of us that started at the same time. I've made 7k in that year but didn't do much during the summer due to personal problems.

You will be amazed in a few weeks time when you realise how much you have learned and earned. It's also a great time too with the World Cup coming up.

I do a mix of horses, footy, major sport events and low risk casino. You will lose bookies but the earning motivates you to move on.

I'm with Profit Squad, they have all the learning material and betting tools and a great support network. We also use a chat app where we all share our successes and motivate and help each other.