Whuup MB starter thread
Thought I'd create a new post just to keep track of my progress so far, hopefully it will help out a few other newbs unsure of where to start....
I use the great Automatcher spreadsheet just to keep track of all my betting activity and money transfers. I should note I don't actually use it for my bet calculations as I don't absolutely trust its workings on my old mac excel 2004. So I just input my calculations after I have calculated and processed my bets just to keep a record of what I'm up to. This has helped a great deal as it's amazing how quickly these free bets stack up.
I use this google spreadsheet as a starting point to find offers. It's not that up to date but it's good for checking which current offers are equal to if not better then previous best offers.
These are the bookies which I found have good competitive offers which I have played through so far...
Betclic - £20 SNR. Good, no problems.
188bet - £25. SNR Good, no problems.
Bwin - £30 - SR Requested ID before payout could be processed. Otherwise good.
Unibet - £20. SR Good, no problems.
Centrebet - £50. SR Really liked this site. Nice clean layout with good odds.
Bet24 - £30. SR Not so keen on the layout of this site. They also tie your whole initial deposit up till you meet their WR which I didn't like.
BetNow - £50 SNR. Really poor odds, and limited markets. Ended up with just over £20 in the end. Good CS.
The problem I have is that most of the offers around at the moment even with the world cup on don't seem to be as good as they used to be. It may be that some of these best offers were a long while back and the current offers are as good as they get but it takes a lot of sniffing around to find out this information.
Also It would be good to know which sites offer regular reload bonuses so I can also look at them first.
And if you know of any must do free bets that are only on for the world cup I'd be pleased to know
I'll try and keep this thread up to date with my findings...
I forgot to add the exchanges to the list
Did betfair first as it's an essential. Easy £30 and a good RAF deal as well. Also just done betdaq as well for £25 which it's advised to load money in from your bank account as they can get a bit fussy with moneybookers fees apparently.
After taking advice from this forum last week I signed up for moneybookers and I really like it, very easy to use and cuts down on the amount of deposits flying in and out of my bank account. Much faster withdrawal rates too (hours instead of days). It does take a little while to get all the id checks out of the way so it may be best to this early on as well.
Play on players....
I'm in a similar position, just starting out with some of the smaller books as the larger UK ones seem quite stingy at the moment so I'll leave them until the footy season kicks off and then just take whatever they are offering.
One I would recommend you do is BetNow, their odds are crap but they have been offering lots of freebies recently.
Great post whuup cheers for that.
Ladbrokes always have plenty of regular offers going on and generally their odds are amongst the best, definitely worth checking out. Don't think they have any amazing SUB offers on right now but it's always a dilemma over whether you should wait until something good comes along or just dive in immediately and take the regular offers they do instead.
Pinnacle are one book I wish I'd done earlier. They don't have any SUB offers, but they have the best prices you'll find anywhere for dutching everything apart from long odds and you will make more profit using them than Betfair for 'laying off' most things. They're very solid as well and allow GBP so worth having early on.
You don't mention Betfair either, that's a fairly obvious one to have early on.
Moneybookers also are great for speeding up moving money around, another place it's worth having an account early on.
All of these are listed on the TGT review sites and most you can get a fiver from TGT for signing up to (check for the 'claim' button next to the reviews):
The Gambling Times | Bookmakers, Reviewed By The Gambling Times | Claim Cashback
Great stuff though, look forward to hearing how you get on.
Thanks just had a look at Betnow but it does look pretty confusing at first glance, I'll try and get my head round it tomorrow.
Originally Posted by Chris
Have looked at Ladbrokes but there offer is only £25 at the moment whilst it's been as high as £250 previously, maybe I'll wait to the start of the season as Chris suggests to see if it improves.
Originally Posted by munk
Have only just got my head straight with MB'ing and on first look dutching seems pretty complicated so maybe I should leave that for the time being. But thanks for the heads up with pinncacle, will keep them in mind.
No worries. Dutching is actually a lot easier than laying on betfair if that's what you're doing now, all you do is take the amount you'd win at your target bookie and then divide it by the odds at the other books to get the stake you'd bet to come out even no matter who wins.
So say for football if you had:
- BookieA: Back Team1 to win £email@example.com (this is where you're 'starting' the dutch as it were)
- BookieB: Back Draw@3.2
- BookieC: Back Team2@3.8
So BookieA is where you're doing your wagering say. If it wins you win £250. So to calculate the stakes required at the other places, just divide 250 by the draw/team2 odds:
- BookieB: Back Draw £250/3.2=£firstname.lastname@example.org
- BookieC: Back Team2@£250/3.8=£email@example.com
So now you have the possible results:
- Team1 wins: £150 (BookieA profit) - £78.13 (BookB stake) - £65.79 (BookC stake) = £6.08 profit
- Draw: £171.87 (BookB profit) - £100 (BookA stake) - £65.79 (BookC stake) = £6.08
- Team2 wins: £184.21 (BookC profit) - £100 (BookA stake) - £78.13 (BookB stake) = £6.08
So you make the same no matter what happens.
Suppose it does look a bit complicated but it's actually easier to calculate than laying at betfair especially if it's say a tennis match where there's only 2 possible outcomes (you only have two bets to do... wish I'd used that as an example above hehe). Also generally it's more profitable to use dutches because you don't have to pay money to Betfair as commission.
Anyway no worries, if you're ever interested check this out:
Originally Posted by whuup
This post might help, there are/have been a few different offers/strategies for this but that looks like a fairly decent one and the offer that is available via TGT.
Offers come and go, get higher and lower, its not an exact Science and I would always say join sooner rather than later because you may well get reload offers and/or be waiting indefinitely for a train that never comes.
Originally Posted by whuup
Try looking in TheRacingPost this weekend I would be suprised if there was not a code for a £30 bet get £60 freebet or higher in there. It wont be £250 I expect but it will still be a decent amount.
Have a plan and stick to it
Hi. Interesting post. Yes big offers do seem to be disappearing and I would suspect it is down to two things.
Originally Posted by whuup
One - (the main one) the credit crunch and the continual shortage of cheap money. This is going to continue and perhaps get worse. I remember reading about William Hill last year seeking to re-finance debt early this year - they were doing loads of BOGOFs prior to this. Suddenly the BOGOFs dried up in May and they have had next to no offers since. Perhaps they were unable to finance their debt cheaply?
Two - the genie is out of the bottle and I would suspect that companies are now aware that people are taking big advantage of the offers. They can probably spot a MB pretty quickly now by frequency of use, size of bet, hitting best lines, low odds qualifiers and high odds freebies etc. It doesn't help the main media running stories about how easy it is to "make free money". The one thing that I have picked up since opening new accounts this year are companies changing the T&C half way through offers and basically saying "sorry we've had to do this because the offer has been abused by some people" - I can honestly say this did not happen to me in 2008 and 2009 and I have only noticed this recently.
Some people on this site are much more qualified than me to give advice, but all I can say is weigh up the offer and probably fill your boots now because of the two points above. Enjoy the sport and enjoy the profit.
Been busy with work and with the world cup drawing to a close I've had to investigate other forms of betting, mostly horse racing. Done a bit of reading on dutching as well so I'm nearly up to speed with that.
Finished Betnow £50 bonus SNR. Up just over £20 but it was a hard slog finding some decent odds. Used this post that Andy flagged which was very helpful but couldn't find odds as low as Leon used. Still £20 is better than nothing.
Sorry probably no use to you now but if anyone else reads this - Betnow I think is one of those places where it's best to double up your wagering by doing the extra random £10/£5 free bet offers they give out and in the process have that count towards the SUB bonus wagering. Really I don't think it's worth spending more than literally 2 seconds looking for a match because for the majority of the time the matches are tied in to Betfair's prices (from what I could see anyway) so usually it's always 5-6% loss.
Originally Posted by whuup
In return though they do do amazing reload bonuses in the way of those free bets via text, there isn't anywhere else that does the same kind of reload bonuses on such a regular basis and with such a minimal WR (which actually more than makes up for the poor odds). So best thing is just to keep your eye out for the free bet offers and do those as and when they come up and don't think 'ok i have to finish the WR on this SUB immediately', just complete the SUB wagering on the back of wagering for the free bets.
Anyway even if you have already completed the SUB WR, defnitely worth doing these extra freebies because they are pure value (for a £10 free bet you could expect to easily get £7 out of it, and as long as they roll in on a regular basis that's brilliant value for literally 2 minutes work).
Thanks. I had heard they were really good for re-load bonuses but didn't realise they could be used towards the wagering for the initial free bet. Nevermind, £20 isn't that bad...roll on the reloads!