Matched Betting – anyone still doing it?

in these dark days of high enrgy costs and everyone being a bit more skint than usual, im wondering if anyones still doing this with any degree of success?

ive been re-reading some of the old threads from years ago when i first started (and then stopped) and reading the Profit Accumulator posts on facebook, it seems that there are plenty of people making upwards of 1k within the first year.

the reason i gave up before was too much faff for a few quid and i couldnt be bothered with the ‘reloads’ as i didnt particularly need the extra cash for the work involved. but…. with things a bit tighter now, and there seeming to be more help available on the dedicated FB forums, ive signed up again and will see how it goes.

anyone else?

No, but I earned myself a few hundred quid when I did. However, once I’d rinsed the new account offers with all the online betting companies the returns significantly diminished relative to the amount of effort it required and I lost interest.

Be interested to hear of your experience if you do restart. I probably actually have more free time now as my kids are older.

well i never actually paid any subs back in the day. i took advantage of the two free offers, thought i could then power on myself as long as the odds made sense with each new bookie, but didnt know where to go after that and didnt want to pay a sub.
ive just actually just joined for the first time now (yearly sub for me works out about £20 per month) so i figured if i only ever did one join up per month id cover that and so ive gone for it (ill obviously try to do a lot more than that). ive joined a few bookies over the last few days, got a few bets waiting to play out on the footy this coming weekend, so ill see what the pot looks like when its all settled down.

its difficult to track what im doing tho. there are spreadsheets available, all the info and ‘how to’ videos you need, but i still find it difficult to know whats what at any given time. spose i have to trust that the balance keeps growing over time.

Be interested to hear of your experience if you do restart. I probably actually have more free time now as my kids are older.

just an update, been at it about 6 weeks now and £750 profit. it could have been more if i hadnt already got some bookie accounts anyway which meant fewer sign-up offers.
i never really did all of the reloads before but i find a constant daily amount either on the site or in my emails, so happily plodding along.
a mix of footy and horses at the mo, just the easy horse refunds at the minute. theres usually a few each day for ‘refund if horse 2nd’ or some even 2nd/3rd. back and lay for a small loss, then hope to land one for a £10 free bet.

im not actually seeing the profit at the mo as im keeping it invested in bookies and exchanges to make it easier to bankroll, i sort of see it like stocks and shares, but if i pulled the lot tomorrow id have nearly a grand to take out.

I’ve got about £1200 profit to take out when I need or want. It’s barely any effort to make an extra £20 or £30 in a week. Just rattling through sign up offers is something that you’d think would run out but there’s nearly always something to go after.

how long have you been doing it andy? and what are you doing at present? footy and horses? casino?

and yes, as you say, £20 or £30 per week is easy really.

When doing it years ago I soon ran out of risk free bookies and had quite a few accounts gubbed. I made well over a grand though. A mate doing it at the same time tried some of the riskier bookies and ran in to problems making some of the turnover requirements.

I made £10k over 2 years before I was finally ‘gubbed’ by every bookie.

A mate doing it at the same time tried some of the riskier bookies and ran in to problems making some of the turnover requirements.

yes, worth mentioning that if you stick to the listed bookies on PA (now changed name to ‘outplayed’), then there shouldnt be any problems, its not recommended to use any not listed. its a really helpful site with a good forum and live chat if you need any help. ive used it a couple of times and they answer almost immediately and sort you out.

I made £10k over 2 years before I was finally ‘gubbed’ by every bookie.

wow, not to be sniffed at! i think you can still make money on odds boosts cant you, and some bookies still allow ‘extra places’ even if youre gubbed? unless theyve stake restricted you too 😀

I probably should have stopped when i got to around £9k as the last £1k was a bit of a struggle with most of my accounts gubbed. Now I’m retired I’ve wondered whether I should ask people if they would be interested in me setting up accounts for them and do the matched betting for them – called Gnoming. The going rate seems to be 25% of profit goes to the ‘donor’ for doing pretty much nothing apart from setting up a bank account with say one of the new digital banks. If anyone is interested then PM me but we will have to move quick as there will be a ton of money to be made through the World Cup offers.

for doing pretty much nothing apart from setting up a bank account with say one of the new digital banks.

you mean monzo and the like? the advice that ive seen on there lately is that these online banks can be problematic to use with MB, maybe because some (most?) bookies insist on high st banks.

I probably should have stopped when i got to around £9k as the last £1k was a bit of a struggle with most of my accounts gubbed. Now I’m retired I’ve wondered whether I should ask people if they would be interested in me setting up accounts for them and do the matched betting for them – called Gnoming. The going rate seems to be 25% of profit goes to the ‘donor’ for doing pretty much nothing apart from setting up a bank account with say one of the new digital banks.

No offence intended, but for context, that’s £2.5k over two years, in exchange for an identity-theft level of information.

No offence taken, and I withdraw the offer made above.

first milestone reached, now up to 1k after just over 2 months.

still doing whatever horse refunds i can, plenty of world cup ‘bet and gets’ and odds boosts at the moment, did my 1st ever ‘dutch’ bet last night getting £8 by using two different bookies rather than laying. im told thats bad for account health tho so wont do that again unless its on a gubbed account.

lost about 5 accounts now but still plenty left.

taking a fair bit of my time as im interested in learning more about it, reading up on the different type of bets, calculators and ‘expected value’, different techniques people are using etc. definitely getting a lot faster at actually backing and laying the bets, can do that in seconds now.

still leaving it all ‘invested’ rather than taking it out as its really handy having plenty in the exchange.

still rattling along, just over 2k now. started doing ‘2 ups’ as well now, the best one being the world cup final! only lost a couple more bookies, sadly (and obviously) the ones i was making most from.
just out of interest, anyone do/done the casino offers? did a few and made a few quid but the ’40x wagering’ of a lot of them put me off.
i usually just make a few quid from the free spins on the main bookies rather than delve fully into it.

happy to hear your experiences.

It’s been many, many moons since doing this (mid 2000s?). Remember it paying really well (~£25/hr) for a hobby job.

Got to around £3.5k back then before fatigue and gubbing set in.

Back then, casino offers were usually more fun when using a robot to drive the website for the playthrough requirements. Was just starting on those when house move curtailed activities. Never restarted…

I made about £500 in two months without taking it too seriously but gave up a long time ago when I was struggling with the higher and higher wagering. Gambling through 300£ to collect a tenner on 5 websites was taking forever and the reason I started was I was skint so didn’t have that 1500£ to start with.

Keep it up sadexpunk but I would avoid the casino offers with 40x and 50x playthrough. Most of the regular bookies offer decent casino offers so take advantage of them. I managed to make £350 out of the World Cup by signing up with new bookies that had started up since I packed in the MB a couple of years ago.

2Ups are great when you land them and I reckon Spurs must be everyones favourite as the moment as they are constantly rubbish in the first half and regularly go 2 down before fighting back. If Kane had scored before half-time yesterday it could have been another good payout.

but I would avoid the casino offers with 40x and 50x playthrough.

yep, thats what makes me think i wont get the use from that particular sub. ive got it for free for a year and only done a few easy, no-wagering offers, and every time i have an inquisitive look at the casino offers, i find im just skipping past most of them for that reason.
picking up a fair few quid from free spins on the main bookies tho as you suggested.

2Ups are great when you land them and I reckon Spurs must be everyones favourite as the moment as they are constantly rubbish in the first half and regularly go 2 down before fighting back

haha, very timely comment. my mate was on spurs during the week against man city and made £150 on it. it was his first one too so he was ringing me asking what to do. id advised him to let it ride because as you know…. away at man city! however, he saw he’d made a guaranteed £50 at 2-0 if he cashed out and was about to do it. then he said hang on theyve scored. well done mate, youve made even more there, cash out 50% and see if they get 2-2. no ill cash it all out now i think, oh hang on theyve scored again 😄
by the time he’d been faffing about thinking about cashing out, theyd gone 3-2 up so he could relax a bit and see it out for £150.
of course, i wasnt on it 🤬

had a decent weekend, made over £30 each day, and got nearly £40 worth of free bets to place tomorrow.

trundling along nicely, £2300+ at the mo. it does take up more time up than i want tho, i find im constantly checking the boost threads and the like to make sure im not missing offers. i should maybe just devote an hour or so each day to it, theres no harm in missing all those 50p – £1 boosts is there…..

annual update, im 18 months in now and on £13,800.  profit getting harder and harder to come by as ive lost a lot of bookies.  this month ive earned £600 which is my lowest ever i think.

EPs are harder to find now which were my main earner.

id decided to jack it in when my subs up in september, collect it all in from bookies and exchanges and stick it in my SIPP or something, but then i ask myself how much interest would it get in a SIPP?

itd cost me £20 per month to keep MBing another year, and if i even earned a conservative £200 a month say, might that still be better ‘interest’ than chucking £15,000 into the SIPP and letting it ride….  need to do some sums.

That is pretty impressive.  What is your estimated time commitment for that return?

What is your estimated time commitment for that return?

longer than id like but i spose the short answer is ‘it depends’.  workdays maybe half hour before work each day then sporadically through the day.

days off depends if im on my own when i can find myself sat watching odds for ages which then p1sses me off when i realise ive wasted a good few hours for what can be little return.  if wifes off work then a bit less if we’re doing stuff but i have the sort of lifestyle where i can just sit on the settee with a coffee idly flicking through the software for favourable odds for a while then go do something else and check back later on.

so i spose its a ‘constant thing’ just fitting in round my life.  theres something appealing about binning it and clearing my mind of it all, but then again i see it as making money work towards my retirement.  id prefer to take a back seat but im probably one of those ‘black and white im either doing it or not’ type of people.

EDIT: f’rinstance, i realised i just flicked through them all again between writing posts on here 😀

Is this just betting arbitrage?

Is this just betting arbitrage?

no, its any offer thats available to me.  i prefer EPs but not many of them available now unless i go a lot deeper and learn how to recognise good ‘place odds’ manually.  but other than that its horse refunds, bet and gets, boosts, free spins with casino (10 free spins got me £470 last month!!).

but now that my available offers are drying up a lot of what im doing is arbitrage yes but only on bookies that ive already lost and havent stake restricted me yet.

itd cost me £20 per month to keep MBing another year, and if i even earned a conservative £200 a month say, might that still be better ‘interest’ than chucking £15,000 into the SIPP and letting it ride….  need to do some sums.

You’ll get £3750 just for sticking it in the SIPP, then around £150 a month (which will compound). Doesn’t sound like its worth half an hour a day and all that other between times work. Depends if you actually enjoy it I suppose

You’ll get £3750 just for sticking it in the SIPP, then around £150 a month (which will compound). Doesn’t sound like its worth half an hour a day and all that other between times work. Depends if you actually enjoy it I suppose

sorry, im assuming you mean a tax break to gain £3750 immediately?  surely theres no gain to make as ive already paid tax on the money, and i wont pay tax on it again no matter whetehr its re-invested into MB or a SIPP?  so cost neutral?

and if itd get me £150 a month tho, then thats worth thinking about as ive got to say its not an enjoyable pastime, id prefer to clear my head from it all and draw a line under it.  the temptation is always there tho to just keep making more profit no matter how small 😀

thanks

sorry, im assuming you mean a tax break to gain £3750 immediately?  surely theres no gain to make as ive already paid tax on the money, and i wont pay tax on it again no matter whetehr its re-invested into MB or a SIPP?  so cost neutral?

Assuming you are a UK tax payer if you put £15000 into a SIPP the government will add 25% (basically 20% tax relief) so you will have £18750 in your SIPP. Its automatically claimed by the SIPP platform and takes about 8 weeks to get added

Assuming you are a UK tax payer if you put £15000 into a SIPP the government will add 25% (basically 20% tax relief) so you will have £18750 in your SIPP. Its automatically claimed by the SIPP platform and takes about 8 weeks to get added

ahhhh yes that rings a bell actually, thank you, that may sway my decision.

cheers

update time.

well im 2 weeks from pulling the plug on it as my next sub will be due then.  i can get it for legacy price of £200 for the year, and will almost certainly be able to make more than that, but……i think the combination of ‘getting my life back’ and getting a few K if i invest in a SIPP means ill almost certainly jack it in.

lost my last 365 this week, ive pretty much only got will hill, betfair and a few stragglers left now.  luckily theyre good for arbs, which is all i do now the EPs have dried up.

to date ive made £18,300 profit from 2 years of it, way more than i expected.  im also in a discord group that really know their stuff and have given good advice on maximising profit.  i underlay my arbs, which means i either get nothing, or anything from £25 to £100+ per bet if the horse wins, so im just chipping away at those for the next couple of weeks.

would i recommend it to others?  depends.  it does tend to take over your life, im always checking odds due to FOMO.  the more time you spend at it the more you earn.  prime time money making id say is 9.30am til midday.  after that i dont really see anything, altho a new starter would have a lot more options throughout the day.

its not the money-maker it used to be tho, the offers arent as good and some bets can be a faff to find.

i half considered carrying on as like i say, i could probably keep chipping away with arbs, and it looks like we may have some vets bills coming up that itd help pay for but no, itll be good to shut down all the bookies tabs on my laptop and draw a line under it and ‘get my life back’.  ive spent more time on bookies sites than on here lately which is just wrong!! 😀

Interesting update Sadexpunk.

I did it for about 18 months and made c£4.5k a few years ago before it got hard after being gubbed by most of the decent bookies. I did enjoy it, found it quite fun as a hobby for a while but you did have to be quite ‘on it’. Was defo easier on WFH days when I could have my home laptop open and my phone out to use bookie sites to jump on things.

but you did have to be quite ‘on it’.

yes, you do have to be pretty strict with yourself not to spend too much time on it for fear of missing out 😀

ive spent hours on it before and only ended up with a couple of quid, but on the other hand ive placed a couple in my work break before and made a few hundred.