[Closed] Online betting...

If you can match the bets it's money to be made... if you can afford to drop the cash then why not.

Money to be made? Are you sure?? Sounds like kidding yourself, that.

No, if you can back and lay to the results then you make money. Online makes that easier

Edit if I was inclined there was a heap to be made during brexit with odds varying fast over the night, 2-3 choice bets would have resulted in profit.

I have no idea what "back and lay to the results" means!

Like booze/drugs there will be those who can enjoy in moderation, and those who can't.

I only bet when there is bigger events on. For me it adds an extra interest in the games I might not be invested in. Plus it makes up for England being a pile of shite when Iceland earn me £80.

I set myself a limit of max -£100 losses, and can go mental till I hit that point. I nearly hit that limit early on in the Euros, and if I had I would have stopped rather than try and chases losses. I got a few big wins which settled the ship. Currently -£20. Out: £371 In: £346. Some of that was having a bit of fun with Binners betting on Raheem 😀

I am just a casual, and don't get involved with lay betting and the likes.

I have no idea what "back and lay to the results" means!

https://betting.betfair.com/what-is-lay-betting.html

Good that you can keep track of how up or down you are - is that in the apps?

[edit] None the wiser after a quick look at your link. Like a foreign language.

Good that you can keep track of how up or down you are - is that in the apps?

Nah, just keep a note in Google docs. I believe some apps/sites give you profit/loss figures.

DezB - Member
I have no idea what "back and lay to the results" means!

only do 'cant lose' type bets these days. had a good few hundred in total with matched betting before it got complicated. at present i only bet on those bet365 offers that return in-play stakes etc, so again cant lose. i do the 'both teams to score in 1st half' bet at £50 a pop every time i get chance. most of the time im winning 5 or 6 quid, last nights wales game came in so nearly £250 🙂

just have to be strict enough not to put it back into normal betting, which is what theyre hoping. just withdraw everything apart from £100 kitty for the next one.

Ive turned a ten pound initial input in to 135 quid over the last 10 months on a new account. After the odd recent bet it's down to 83 quid. Portugal is still running though. So very very very easy to do though....

Yep, easy money, only £13bn lost last year!

https://www.theguardian.com/society/2016/jul/01/british-gamblers-record-losses-fixed-odds-betting

Pffft. I can stop any time I wish.

I bet you a fiver I can.

[i]Yep, easy money, only £13bn lost last year![/i]

That's it see! 13bn quids into the pockets of Sky, Paddy Power, William Hill, Betfair Ladbrooks etc etc... still convinced its a mug's game.

" i do the 'both teams to score in 1st half' bet at £50 a pop every time i get chance. most of the time im winning 5 or 6 quid, last nights wales game came in so nearly £250 " - Whats your pre and inplay for that please?
?
I do £50 pre on over .5 goal, and then inplay is a draw. Cant lose. Very very worst is £2-£3 up, no score draw makes about £80, score draw makes £130 odd

" i do the 'both teams to score in 1st half' bet at £50 a pop every time i get chance. most of the time im winning 5 or 6 quid, last nights wales game came in so nearly £250 " - Whats your pre and inplay for that please?

i go £50 pre-match on both teams not to score 1st half, which usually returns around £6.
in play as soon as match starts, £50 on both teams to score 1st half, which is around 5 to 1 or more.

So easy to get yourself in money troubles.

I must try harder then as I've still not managed to do that.

As Footflaps says: 13Bn lost last year: If we say that a fifth of the population bet then that's £1000 lost on average per person per year. I'm in the mugs game camp!

But Drac says he's fine, so it all must fine. Right?

I work in financial services and was doing an affordability assessment for a client last year. He had 3 months bank statements and in month 1 there was a few hundred quid spent on betting. Month 2 he spent a few grand (spent his winnings on more bets) but on 20th of the month he won £22k on a single horse race!
You'd think he'd quit there?
3 weeks later he was a grand overdrawn. He was betting £500-£3000 a time!

Absolutely mental. We declined him and he was actually grateful for it.

But Drac says he's fine, so it all must fine. Right?

I've certainly not spent £1k this year. 😀

Like anything just be sensible.

Matched betting, easy money 🙂 Offers not so good these days but I made about 4K in 2-3 years doing it.

Does that include your losses ATPs? Just checking...

Losses ? Matched betting doesn't have losses 🙂 It's about using the betting industry to make money. Doesn't matter how a match outcome pans out as you make money regardless of the result.

Can't believe that, or everyone would do it! Using the betting industry. Bet they piss themselves when they read stuff like that.
Still, yeah, Drac says it's ok 😆

tis true dez, read up on it. made a few hundred myself. its complicated so you need to know what youre doing and its a bit of a faff, thats why everyone doesnt do it. its about using the free bets bookies try and lure you in, then moving on to the next one. so it really is using the betting industry.

I suppose there are the clever few that won't get drawn in after the free bet.. can only be so many freebees you can get though.

I suppose there are the clever few that won't get drawn in after the free bet.. can only be so many freebees you can get though.

but yes, thats the only way to beat the bookies, only bet when you cant lose! 😀

I suppose there are the clever few that won't get drawn in after the free bet.

So you're saying it's Ok.

Make your mind up.

I might be a grumpy git but I don't like the adverts during the matches. There are loads of them and they look pretty cool to an impressionable football obsessed 7 year old. When I was young betting happened in a funny looking shop full of the kind of blokes your mum told you not to take sweets from, now its made to look really cool and easy to access.

The cashback offers make it very hard to lose. Deposit £20 get £22.50 cashback etc.

Not sure I'd waste my money betting on British politics at the moment though.

@Drac - what an absolutely moronic post from you. I know its bloody unusual on here, but I asked a legitimate question, some people gave their point of view and I read their answers. It gave me some information which made me see a different point of view. So now, though I wouldn't bet myself, I now see why people do. Not sure if that makes any sense to you.

Clearly lots of people lose money doing it - because they bet with their instincts on straight bets for stuff like football or horses where the bookies always have a margin. OK, so I made most of my gains on the bookies betting on something I "knew" about, but that was medal haul at the 2008 Olympics (and derivatives of that) and given the amount by which they exceeded the point where I win, I guess I really did know something (basically I looked at what the win threshold was and calculated all the medals I was fairly sure we'd win and realised it was a fairly sure thing. I don't think the bookies - or more accurately the other people betting - knew how good we were at cycling). Have also got a couple of arbs where you can lay off bets at different bookies and still make money.

Haven't placed a bet for 6 or 7 years though - I quit whilst I was ahead. Kind of glad I didn't bet on 2012 as I'd have bet the other way and been wrong. This thread makes me tempted to get back in. Especially if there are straightforward ways to make money on football (something I know nothing about, but which happens all the time). Looking at the odds on Brexit as they moved I'd clearly have made money there if I'd taken the risk as I did a fair job of predicting the moves at least one play in advance.

The matched betting thing isn't gambling. It's using the gambling industry to make money by exploiting free bet offers from bookies and guaranteed money back offers. It's difficult to get your head around it initially and does require some maths to work out optimum bet stakes etc (spreadsheets are available).
But the outcome of a match you've bet on is largely irrelevant as you've covered yourself on all possible result.

Money in ? money out. Once you factor in running costs and company profits what is the average return per pound bet with the main players?

It's just never appealed to me, partly because I can't get beyond the above and am realistic enough to know I'm not special and won't beat the odds. Fruit machines are also something I'm left completely baffled by. I know it's a very nanny state opinion but I struggle to understand why gambling advertising should be legal.

OK, I'm inspired, thanks - have looked up matched betting and it looks like not too difficult to make money on.

From what I've seen over the last 25 years working with some real gambling types my issue with it is if you get to the stage where you understand and play the systems it can become an all consuming past time. Some of the guys I worked with just lived and breathed gambling.... It was like a full time job to them. I've also seen some nasty fall outs between long time friends and colleagues over a bet or tip that wasn't passed down.

@anngrant

I'll bet you're not a human.

@Drac - what an absolutely moronic post from you.

Classy.

surprising update. just had this email from bet365......

Hi Dave,

Following a review of your account, we regret to inform you that you are no longer eligible for offers and promotions, with the exception of the following regular Sports offers which remain open to all our customers; Channel 4/1 Offer, Feature Race 4/1 Offer, Sky Dogs 2/1 Offer, Australian Feature Meeting Offer; Best Odds Guaranteed, Racing Value offers, Aussie Footy Multi Bet Bonus, Bore Draw Money Back, Euro Soccer Bonus, Parlay Bonus, Euro Basketball Bonus and the Tennis Accumulator Bonus. You are not eligible for any offers or promotions in other bet365 products. For more information about our offers and full Terms and Conditions, please click here.

We assure you that this decision has only been taken after careful consideration and that it does not affect your ability to place bets on Sports, Casino, Games, Poker, Vegas or Bingo.

Kind regards,
The bet365 Team

so, banning me from taking advantage of any more money-making offers as i obviously dont put enough back into their pockets.

t*ssers.

[i]t*ssers.[/i]

That much, I understand 🙂

sadexpunk, I think thats because you cant do what you are doing, according to the smallprint (although it seems they have taken long enough to stop you)!
From what I remember, you cannot place an inplay bet that directly contradicts your pre match bet, which I think yours does, and I presume that is why they have stopped you.
I always go £50 pre match on over .5 goal, then inplay £50 on a draw. Any win nets you couple of quid, but 0-0 gets around £80 and any score draw gets around £130. Its still a no lose bet, and the inplay doesn't directly contradict the pre match so you shouldn't get limited by them 🙂

not sure youre right there mate, theres loads of us here that do this and facebook groups set up telling us exactly what bets will get what returns, and every one is a no-lose bet.

i seem to be the first to get the 'email of doom' but a quick google shows its quite common, not because ive broken any rules but just because my account is only used for offers rather than regular betting, so not likely to be profitable :-/

sadexpunk, I think thats because you cant do what you are doing, according to the smallprint (although it seems they have taken long enough to stop you)!
From what I remember, you cannot place an inplay bet that directly contradicts your pre match bet, which I think yours does, and I presume that is why they have stopped you.
I always go £50 pre match on over .5 goal, then inplay £50 on a draw. Any win nets you couple of quid, but 0-0 gets around £80 and any score draw gets around £130. Its still a no lose bet, and the inplay doesn't directly contradict the pre match so you shouldn't get limited by them

I am genuinely surprised after a couple of bets like that they don't close the account. They must be aware of the betting patterns, and what is going on.

They must be aware of the betting patterns, and what is going on.

I should probably switch from Skybet, as they don't do in play cash back on lost bets, as I am definitely the sort of person to do that.

It'll cover my losses at least 🙂

You may be right sadexpunk, especially if you are not making any other 'mug' bets to keep the account alive, however, although I cant see the small print as the offer isnt on at the moment, a google search reveals "Finally, you cannot use the free bet to ensure a profit, for example by backing both teams to score pre-match and then using your in-play bet to back both teams NOT to score. " I think this is similar to what you (and admittedly hundreds if not thousands of others are doing)...

it is ian, youre right, i wasnt aware of that rule, thanks. in that case youd think theyd cancel all winning bets like that wouldnt you.

Nah, it goes back to what you said earlier, they are happy to take the (tiny) losses if it gets people to open accounts/bet more. You're account seems solely for the use of the promotion that you cant lose on, so they limit you. Let you have a few that win but if your betting pattern doesnt change just stop giving you promotions 🙁