How did you get into "advantage betting...
matched betting, arbing or whatever its called.
I remember hearing about a way of taking advantage of Bookies odds differences about 3 or 4 years ago, which I thought was a good idea but soon forgot about it.
I was reading a thread in a local nightclub forum in which the OP said his workmates were making money using a Betfair formula. this got me interested...
14 Nov 2008 11:27:11
just been speaking to some of the guys in work who have betfair accounts and they're using some sort of formula for accumulating loadsa money....anyone use any fomulas that work?
14 Nov 2008 11:35:47
just google get rich quick schemes. easy.
14 Nov 2008 11:40:32
They didn't give you it then?
14 Nov 2008 11:41:06
alter ego - rocker
14 Nov 2008 12:46:14
Its called match betting and I do it. But as everytime I bring it up here it gets ridiculed, you can fuck off (preemptive)
14 Nov 2008 12:46:35
14 Nov 2008 12:48:38
how does it work lad?, if you wouldn't mind giving me the condensed version.
14 Nov 2008 13:03:45
sure they arent arb betting
14 Nov 2008 13:06:40
they'll be arbing & matching bets for bonuses. Takes time but very good dough to be made. Next step is casino bagging
14 Nov 2008 13:07:46
spit it out kaizen. can never get my head round matched betting
14 Nov 2008 13:09:29
did he not go over this in another friend months ago. I lost the trail of how it worked. Might give it a go some day.
14 Nov 2008 13:09:47
he;s explained it a coupla times no tbf
14 Nov 2008 13:10:06
14 Nov 2008 13:11:08
yeah I regularly tell people.
first response = pyramid scheme
second response = wait this works
third response = too much effort to get started
14 Nov 2008 13:11:49
lol at pyramid scheme
14 Nov 2008 13:14:14
took 18 months to convince the wife I wasnt actually gambling. Now shes getting involved.
works best if you have no prior betting accounts online btw
14 Nov 2008 13:16:14
14 Nov 2008 13:16:14
keep going...what if there's a draw?
14 Nov 2008 13:16:17
I have none...
14 Nov 2008 13:22:52
bookies give you a free bet for opening an account. They usually match the first bet you place up to £25 (though some give £50 or £100)
In order to get your free bet, you must make a bet of equal or greater value. The idea behind matched betting is you make this first bet and back it at betfair so not to lose any or little money (on this bet). The you get your free bet, which you repeat the process and extract as much of the bonus as possible.
It doesnt matter who wins or loses as you are backing and laying (at betfair). no matter what the outcome you get money in your account, then a free bet.
The tricky part is the odds (hence the formulas) this mean you place to the exact penny how much you need lay at betfair to match the backed bet.
The other thing you need to do is get odds that are over 7.0 (I'll not go into the reasons) are very very close together at each bookie (again I'm not going into)
14 Nov 2008 13:25:56
right, sorry for being thick, but what about the draw? i've an account in nearly every bookies already, wouldn't be too much of a hassle opening up new ones on a different card though
14 Nov 2008 13:32:29
MF - it doesnt atter what the outcome is because your backing and laying the bet.
I was betting on the rugby world cup for jesus to come on the pitch to come on and score the winning try. It doesnt matter what the outcome is
Forget what you know about betting, all your looking for is odds that are matched when you back & lay (this is the skill of matched betting)
Correct scores 2-1 or the likes are a good start
14 Nov 2008 13:34:16
you could just pm what bets you're doing and i could join you in your fortunes
14 Nov 2008 13:35:05
I moved on to casino bagging after exhausting UK gamblies.
14 Nov 2008 13:35:14
well done mf, much easier.
14 Nov 2008 13:37:06
think i'll just stick to the cards
14 Nov 2008 13:40:07
Super Furry Animal
whats the returns like on matched betting? are they high or does it take a shed load of bets just to make back say 100 quid? like a 5er here and there?
14 Nov 2008 13:44:14
you can make a grand in about a month and a half from it if the bookies have decent offers. I'd personally recommend casino baggin if you want a no fuss way of making a few pounds.
14 Nov 2008 14:04:29
betfair must be on the shine board....just got a free £15 bet sent through from them!
14 Nov 2008 14:22:24
i would fuck this up no doubt. i'd need a tutorial.
so how much would you make in a year on this kaizen? and how much time do you spend on it?
14 Nov 2008 14:30:11
whats casino baggin
14 Nov 2008 14:35:05
this reliable kaizen?
14 Nov 2008 15:13:32
That Casino thing looks a lot easier to get your head round. Must give this a go. It does seem logically sound.
14 Nov 2008 15:16:29
Link is using a bot to clear your bonuses at casinos.
Theres a free trial, but if yis buy it, buy it through me as I get a £10.
Free trial = free moneys
14 Nov 2008 15:17:36
14 Nov 2008 15:18:36
so you are actually just a salesman kaizen!
14 Nov 2008 15:19:25
no I'm a user.
14 Nov 2008 15:19:53
buy it yourself then. I was just looking to cash in
14 Nov 2008 15:22:15
Ah, the old double bluff, reverse psychology tactics...a true salesman
14 Nov 2008 15:23:59
Seriously though - Simply put - i stump up £50 for a registation. I pay £10 for that little program. Then I get it up and running and just watch the free bonuses, 90% of the time, roll in?
14 Nov 2008 15:25:27
this looks interesting
14 Nov 2008 15:25:55
Use the free trial first!!!!!!
But yes, put money in the casino account, put money in and you get an expected Value back.
BUT sometimes you win, sometimes you lose.
!st rule, let the bot do is thing for the required wagering. You may be up or don throughout the wagering, but wait until the end.
14 Nov 2008 15:26:52
Do it over the weekend, come back to me with questions and your monies on monday
14 Nov 2008 15:46:43
kaizen, im reading through the starters guide for this on Victor Chandler Blackjack tables,as described. The gaming site is telling me i need to spend 1500 to claim the 50 pounds bonus. The casibot guide is saying i only need to deposit 100 pounds....
have you ised this yourself yet?
14 Nov 2008 15:54:56
You have to wager 1000 or whatever it says.
You only put in £100. Follow casibot.
Put in £100, set the bot to wager £2500 at minimum bet. if the minimum bet is 20p make it 2500 x 5 to make it upo.
Press play, let the bot do its thing
14 Nov 2008 15:55:46
I generally have the bot running at home when I'm at work on two or three virutal machines. So yes I have used it and won a lot of dough.
14 Nov 2008 15:59:13
Aren't bots illegal?
14 Nov 2008 15:59:47
They're not illegal. Against the T&Cs yes, but this one is stealth so does get detected = monies
14 Nov 2008 16:00:05
I laugh now as I asked the same question, what if it's a draw?
So I started with casinos December '08 doing the best 5 offers, making about £400 and then studied up on the matched betting side.
So far, I have signed up to 34 bookies and about 20 casino offers and I've made about £4500 so far
Thats quite a post, to be honest I didnt read it all but I got the gist.
I think this might have been asked before but I cant find it now. I started probably at University around 2003/4 dabbling in bookmaker freebets, originally without betfair which meant it was a hassel having to often back three different outcomes on a match. Then I found flutter which was a God send. Then Betfair took over flutter. Then I read about Casino bonuses in the betfair forum and a few people showed me the ropes. I did that for a bit, and "matched betting" alongside but it wasnt really called that back then. This was before there were handy lists, guides, oddds finding sites, SPREADSHEETS! or any other real "tools". I never really stopped, tried a few times but kept coming back to it as I enjoy it I think.
I stopped telling people about it in the real World quite a while ago, its no skin off my nose if they think its a scam, pyramid scheme or that "the bookie always wains" (yeah good one fancy telling that to the half a dozen who went bust with my money still owing!), and any combination of that. Its good they dont believe its possible, if everyone did think its possible, then we wouldnt be able to do it, look what happened to Denmark when it became mainstream?
Some people will never be convinced, well good, these people are usually poor and could use the money which is ironic. No amount of explaining will make them change their minds so leave them to it. Its the same with making money from Casino slots bonuses or any Casino bonuses actually. Or just using your own (or in my case someone elses who is better than me) judgement in the probabilities to beat the bookmaker through skill. Some people just wont be convinced any of it will make £s. After all remember "you never see a poor bookmaker", ermm where do I start, SportingOptions, GoldVictory, Lasseters, BetJoint.... That is the most uninformed comment which really annoys me and comes from people who have zero knowledge what they are talking about. Alongside the "The bookies always win" line, also uninformed and incredibly arrogant, they mean the bookmaker always beats them which doesnt mean just because they cant do it nobody can. I cant do Brain surgery, I do not have the dexterity, I would get nervous and shake from the pressure, I just couldnt do it, but I dont go around saying Brain Surgery is impossible. Me not being able to do something doesnt mean nobody can. Its actually good that some people wont be convinced, more for me then. You can take a Horse to water but....
Have a plan and stick to it
Apologies btw for the long post, most of it is the thread from the other forum I was talking about but cant put a link direct to that thread so had to copy it. The thread is quite funny reading back - pyramid schemes - Casino bagging sounds hawt etc.
I can see why people are sceptical - "no such thing as a free lunch"
I needed a bit of convincing to see that there is money to be made from the Bookmakers.
I'm was astonished to believe money could be made from casinos - slots in particular. especially as I grew up in a Seaside Resort in N Ireland and wasted a small fortune in Fruit Machines when I was young. They had terrible pay out percentages yet I knew a guy who profited from them by knowing when they where due to pay out.
It's funny when people say "you will lose it all" As if I'm going to put all my profit on Red, then lose, then remortgage the house, and lose it too.
Especially since people know that I'm quite shrewd financially. Did they think I just woke up one day thinking I will become a full tilt gambler!
The reason we make money is because of mug punters who are happy to accept terrible odds. They lose in the end and the bookmaker and the 'matched bettor' wins.
I say to people who bet on horses they could at least get Best odds Guaranteed online but they still go into the shops.
I didnt know about Denmark though, so that's why they're banned from bonuses!
March 2007: I was looking to lower utility bills. I ended up on MSE, found the forums, then found the GIOL forum. The rest, as they say, is histrionics.
I guess maybe 4 or 5 people know I do this sort of thing. I've shown a friend how to do it but it's not something worth telling many people; not because I'm worried there will be less for me, just that many will meet you with the responses you've already talked about; you never see a poor bookie, if there was a way to make money then everyone would be doing it etcetc.
It's like if you say you play poker, people wilth some understanding realise that, although luck is involved, over x amount of games the skilled players will do better because they make the right play time and again, they understand percentages and outs etc and can also build up a fear/respect/unpredictable factor at the table. But many immediately think it's all luck based upon having played snap with their nan when they were 4 and as they lost, they had to give nan all their sweets.
Last edited by guilty; 25/07/2012 at 19:54.
I was first introduced in Casino bagging by a friend in the US. I was way sceptical of course and decided to look more into it, I searched the net and read as much about it as I could and decided to go for it. I did as many casinos as I could and did very well out of it, two years ago compared to today the bonuses were way better and the wagering requirements way lower. In my opinion the casino bonuses (except for a couple) are not worth doing, ridiculous wagering requirements for a relatively small gain, I am not as risk averse as a lot of people but in my opinion casino bonuses are getting worse all the time because many people have jumped on the bandwagon.
I decided to move over to the matched betting side of things around March this year and to be honest I've never looked back. As Andy so rightly pointed out it's a good job that some people think it's a scam/fiddle etc. because if more people did it it wouldn't be worth doing. One thing that worries me is that it is going to go the way of casino bonuses (bonuses being removed/reduced or WR increasing insanely as has been happening with casinos.)
I'm pretty much a noob and haven't even started on the US books yet but am getting near that point now. People may say that places like this and MSE are slowly killing the golden goose but I think there is still a lot of legs in matched betting and I'm doing as much as I can because I want to get as much out of it as I can before it is killed by sheer weight of numbers.
"I read about a US casino offer loophole on a forum about mobile phones when I was looking for my first mobile back in 1994 or thereabouts"
That's what I find fascinating, when you were looking for something completely different when you happen across it.
I think I understood about Hedging bets a long time ago, but it never clicked that I could dutch to extract the bonuses
I was looking on MSE for information about bank charges when i happened upon the GIOL thread. I have to say that I was sceptical at first, having no prior knowledge of betting other than the odd footy accumulator.
After checking it through and making sure the maths was ok, i was still hesitant to start. I think this stems from the 'gambling is a mugs game' adage which i found difficult to shift. I eventually plucked up the courage to test the water, and haven't really looked back.
My wife was a regular on MSE and in late 2006 she told me about the GIOL forum there. She had seen in people sig's mentions of making money from gambling. Now, my wife is thrifty, money-saving, financially conservative... she's tight. She was on MSE for the 'freebies' and old school cooking forums originally. She never gambles and likes to "tsk tsk" and make fun of me when I do. But she felt that if it was on Martin's board, it must be OK. So she told me to take a look at it.
I think it took me about a month to get around to reading the guides. I thought "hmmm, interesting, it seems like this works" and then promptly forgot about it for 2 weeks. So she poked me again and I thought "Oh ya, how does that work again?" and read the guides again. "Ah yes, that's right, it seems to be legit, I should try this" -- then I promtly forgot about it again for 2 weeks. So she poked me one last time and I re-read the guides again. Finally I dipped my toes and went in for the Coral £50 offer and of course I ballsed it up and backed at Coral and backed at Betfair Luckily it was Coral and there was no min odds, so I was betting at 1.33 and the team won
At the time we both thought it would be a great way to make about £3k and that would be the end of it... um, no. I'm still going strong and have made over 10 times that now. Placed my first matched bet late Jan 2007.