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Genie

Matched betting redux

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16 hours ago, Genie said:

If anyone is interested I can see if there's a introductory scheme they might do for people to have a look around. Think when I joined they did £1 or £5 for the first month.

Just checked and it's £1 for a 2 week trial

How much do you need to start with?

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3 hours ago, Mozzavfc said:

Just checked and it's £1 for a 2 week trial

How much do you need to start with?

A couple of hundred to put into the exchange will probably suffice if you want to do a few offers straight away.  The dream is for all your bets to lose in the bookie and win in the exchange.

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7 hours ago, NurembergVillan said:

I was in your boat when Profit Squad had a thread on here about 3 years ago.  Had a go at it and made over a grand just doing the bookie start-up bets.  The only occasions I lost money was if I did it wrong, but even then it was a couple of quid here and there.

The profit comes, at that stage from the free bets.  You match / lay the opening offer so you end up with either a profit or a free bet.  If it's the latter you match / lay the free bet and you're guaranteed a profit.

It was time consuming but the geek in me enjoyed it - spreadsheets, the lot.

The only "warning" I'd give people would be if you're applying for a mortgage in the next few months, maybe set up another bank account to use for this (Monzo or Starling or something) so that you haven't got lots of bookie activity on your statements.

Yeah I have used a separate bank account for it. I'd also recommend PayPal where possible as long as the bookies accept it. Much quicker for deposits and withdrawal. Plus your statement just says Paypal

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3 hours ago, Mozzavfc said:

Just checked and it's £1 for a 2 week trial

How much do you need to start with?

I started with £200

I would recommend Profit Squad. The customer support and the help and advice is second to none. They really are a polished outfit and actually after 4 years I'd say they are all now more friends than just people who I pay for a service.

I pay £149 annually and make the annual fee back in a week or two

If you are committed then it's easy money. You have to be prepared to put the effort in though

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I've seen a few different guides say it'll take up only 30mins a day after work. Would you say that's a fair estimate?

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1 hour ago, Mozzavfc said:

I've seen a few different guides say it'll take up only 30mins a day after work. Would you say that's a fair estimate?

It really depends on how many offers you do. I do a lot of Casino promos now so probably spend more time that that. Usually sitting on the bog at work. Once you've done a few back/lay bets you can do one in a minute or 2. 

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1 hour ago, Mozzavfc said:

I've seen a few different guides say it'll take up only 30mins a day after work. Would you say that's a fair estimate?

Once you've got the knack of doing it rather than needing to follow the instructions I'd say 45 mins to an hour would be a realistic time.  I was documenting everything on spreadsheets etc, though, so that took more time than just placing bets.

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On 14/08/2019 at 13:44, Stevo985 said:

I've got a new address since I set them up plus different bank account if I use Monzo so I think I'll go for it.

Not trying to do anything dodgy, just easier to start from scratch rather than try to remember which sites I do/don't have accounts with.

 

I'll do some research

Probably be fine. I've had a couple of dupe accounts over the years and the only one to catch me out was 365 who just merged the two accounts together and gubbed* me, no threat to withhold funds or anything of that sort.

Matched Betting isn't what it was a few years ago, there's a lot less value about and the bookies are a lot more switched on to it, but anyone who hasn't at least done all the main sign ups is a fool, frankly. It can be a steep learning curve to begin with if you're not familiar with a sports exchange, and if maths doesn't come naturally to you then you may struggle to get your head around the concept initially, but it's easy money, and more importantly almost entirely risk free. The only real risk being human error.

*matched betting term for no longer being allowed to partake in promotions.

ps. Just for @Wainy316

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On 14/08/2019 at 12:53, Stevo985 said:

Over the years I have accounts with loads of bookies.

Can you just use a new email address to sign up to new accounts or are their legal issues?

 

I have a monzo account so could always use that

Sorry to quote you again Stevo but I just wanted to pick up on this point because it's something I hear a lot from people new to matched betting.

'I've already got accounts with most of the bookies so is it really worth me doing?'

Firstly sign ups are just the tip of the iceberg (and having accounts with a history of normal betting activity could potentially be seen as a positive), secondly there are so many bookies. I have accounts with over 100 bookies and casinos and there are loads I still haven't got round to doing.

Edited by Delphouneso
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