Stake Returned vs Stake Not Returned (SNR)
Hello - I am a new Matched Better and am looking forward to earning some money from this latest adventure!
Today I have joined Betfair and Moneybookers which I undertsand are pretty essential to progress.
My intention is to join BETSHOP through the TGT RAF deal when I am able to fund my Moneybookers account.
I acnt wait for that though so I have been advised, to build my fund, to start with a couple of Stake Returned offers.
The Term Stake Returned is something I had never heard of until today, but having had it explained it does appear to be as simple as it sayes - Does what it sayes on the tin!
I have joined BETCHRONICLE and placed a £25 bet to lose a small amount regardless of the result, placed on odds over 2.00. By using code BET25 I should get a £25 Stake Returned bet within 72hrs of my Spanish Lge bet being settled.
When I get that I must bet it and again I have been advised to try higher odds to maximise profit!
I hope I am getting a grip!
You've been misinformed. On a stake returned you want low odds, as low as is allowed in fact
Good luck building your balance, if you need any help there is lots of helpful advice on this forum.
I believe most people have to email betchronicle before they are allowed, so don't be alarmed if it's not letting you withdraw. Just send them off an email
If the stake is not returned then higher odds will probaby return more profit.
Originally Posted by Roland
If the stake is returned then its entirely up to you and depends how much you are underlaying, even if the stake is returned and its £25 sticking it on an 11s shot and laying £20 will win you £20 at betfair or IF it comes in £50 on the bet (£250 - £200) and £25 for the stake so £75 overall. If you do the same bet at Evens (2s) then you would again win £20 at betfair or £5 on the bet (£25 - £20) and the £25 stake so £30 overall.
So long for both you win £20 if your pick losses but thats quickly in betfair. If you pick a Winner you get £75 profit on the long shot or £30 profit on the Evens shot, always a profit, but you get bigger profits underlaying long shots.
If that seems complicated dont worry it really isnt. Overall back and lay whatever feels best for you, there is no right or wrong amounts do what makes you happy.
Have a plan and stick to it
Thanks for this guys.
Very impressed with bot EXPEKT and BET CHRONICLE as bot have given me the bonuses within 24 hrs, despite stating upto72hrs.
Foun what i think is an ARB in EXPEKT betting on Nordsjalladn ( or something similar)at 4.35 and laying against them at 4.2
Should be in profit for £50 regardless after first two offers!
Originally Posted by Andy
Just started matched betting, got the bet chronicle bonus and thought it was stake returned but trying to check found this post, i have read about underlaying but have read so much stuff, your post above makes it really obvious, cheers