Profit squad ... the post match interview

Bozza · Jan 13, 2017

kingcole said:
The ideal and usual scenario would hopefully be that you lose with the bookie and win on the exchange. In this case, why would the bookies want to close your account?

Taking value and/or only using their offers.

Here are examples of a few of my accounts:

1. Funds in: £320, Account Balance: £360.
2. Funds in: £540, Account Balance: £720.
3. Funds in: £500, Account Balance: £7,300.
4. Funds in: £900, Account Balance: £0.
5. Funds in: £500, Account Balance: £380

Which one was I banned from?

I was actually banned, so I unable to place any more bets at all, with both 1 and 2 - both made a modest profit.
Bookies 4 and 5 have both made good money out of me. Both have restricted my bets such that I can only place very small wagers.
Bookie 3, on which I've made a large profit, allows me to bet on anything to any level of stakes that I've tried.

Psychobilly freakout · Jan 13, 2017

Bozza said:
Taking value and/or only using their offers.

Here are examples of a few of my accounts:

1. Funds in: £320, Account Balance: £360.
2. Funds in: £540, Account Balance: £720.
3. Funds in: £500, Account Balance: £7,300.
4. Funds in: £900, Account Balance: £0.
5. Funds in: £500, Account Balance: £380

Which one was I banned from?

I was actually banned, so I unable to place any more bets at all, with both 1 and 2 - both made a modest profit.
Bookies 4 and 5 have both made good money out of me. Both have restricted my bets such that I can only place very small wagers.
Bookie 3, on which I've made a large profit, allows me to bet on anything to any level of stakes that I've tried.

banned from 4:

What I don't understand is

Funds in: £320 Account Balance: £360. what is the difference between funds in and account balance as in can you just withdraw the balance £360 - or only £320 and why is would the difference be held ?

Bozza · Jan 13, 2017

Psychobilly freakout said:
Funds in: £320 Account Balance: £360. what is the difference between funds in and account balance as in can you just withdraw the balance £360 - or only £320 and why is would the difference be held ?

I mean my total deposits to that account were £320. Bets placed - some won and some lost. When that account stood at £360, so I was £40 up, I was banned.

Psychobilly freakout · Jan 13, 2017

Bozza said:
I mean my total deposits to that account were £320. Bets placed - some won and some lost. When that account stood at £360, so I was £40 up, I was banned.

Ok got you.

Good luck Bozza

Don't have a freakout moment.

Wrong-Direction · Jan 13, 2017

Bozza said:
Taking value and/or only using their offers.

Here are examples of a few of my accounts:

1. Funds in: £320, Account Balance: £360.
2. Funds in: £540, Account Balance: £720.
3. Funds in: £500, Account Balance: £7,300.
4. Funds in: £900, Account Balance: £0.
5. Funds in: £500, Account Balance: £380

Which one was I banned from?

I was actually banned, so I unable to place any more bets at all, with both 1 and 2 - both made a modest profit.
Bookies 4 and 5 have both made good money out of me. Both have restricted my bets such that I can only place very small wagers.
Bookie 3, on which I've made a large profit, allows me to bet on anything to any level of stakes that I've tried.

Do you only bet on football? I haven't won an effing thing all season!

Sent from my SM-A310F using Tapatalk

Bozza · Jan 13, 2017

Wrong-Direction said:
Do you only bet on football? I haven't won an effing thing all season!

Sent from my SM-A310F using Tapatalk

I'm not really betting, in the traditional sense, on anything - that's the way matched betting goes.

I reckon most of my activity is on horses racing however.

Billy Seagull · Jan 14, 2017

Bozza said:
I mean my total deposits to that account were £320. Bets placed - some won and some lost. When that account stood at £360, so I was £40 up, I was banned.

Which bunch of con men was that with may I ask? Satan or Victor?

Billy Seagull · Jan 14, 2017

kingcole said:
The ideal and usual scenario would hopefully be that you lose with the bookie and win on the exchange. In this case, why would the bookies want to close your account?

Not always the case though and a string of winners can happen in the randomness of betting, especially at shorter odds. Their first step is usually to ban you from their offers before closing you down. Welcome to play their slots and casinos though!!

Bozza · Jan 15, 2017

My profit increased by another £500 yesterday...

1. Each way dutched race with a guaranteed profit of between £21 (most likely) and £650 (least likely). It actually returned £360.
2. Various refunds and free bets (the latter which you can convert to 75-80% cash) on the other televised races.

elninobonito · Jan 16, 2017

So I joined the trial at the weekend, bit sceptical, never been a gambler as such but done the odd Acca here andthere. Never won big.

After watching the tutorials a few times and trying to understand whats going on I joined BetVictor and deposited £10, I then put £30 in a betfair exchange account. (Problem I have is I already have Bet365/coral/Ladbrokes accounts from years past ) after loosing about £1.18 on the qualifying bet I then had £30 in free bets from them. Used the two big games yesterday and I am currently looking at about £14 profit. I have one more free bet which I will use tonight for the AC Milan game and from a £10 probably end up with another £7 ish profit.

I think I now understand how to make the money from the free bets, however, the thing thats annoying is I now have £48 in my BetVictor account and £6 in the exchange and now need to transfer between the two that will take a few days. I dont want to be deposit anymore as the wife will kill me.

I would presume that one I start to build up the funds the bets would get bigger and I would be then be earning more profit for these free bets. Overall I think it has taken me a good 3 or 4 hours to achieve maybe less than £30 profit but I am getting there. Better then throwing £5-10 away on an acca thats for sure.

Bozza · Jan 16, 2017

elninobonito said:
So I joined the trial at the weekend, bit sceptical, never been a gambler as such but done the odd Acca here andthere. Never won big.

After watching the tutorials a few times and trying to understand whats going on I joined BetVictor and deposited £10, I then put £30 in a betfair exchange account. (Problem I have is I already have Bet365/coral/Ladbrokes accounts from years past ) after loosing about £1.18 on the qualifying bet I then had £30 in free bets from them. Used the two big games yesterday and I am currently looking at about £14 profit. I have one more free bet which I will use tonight for the AC Milan game and from a £10 probably end up with another £7 ish profit.

I think I now understand how to make the money from the free bets, however, the thing thats annoying is I now have £48 in my BetVictor account and £6 in the exchange and now need to transfer between the two that will take a few days. I dont want to be deposit anymore as the wife will kill me.

I would presume that one I start to build up the funds the bets would get bigger and I would be then be earning more profit for these free bets. Overall I think it has taken me a good 3 or 4 hours to achieve maybe less than £30 profit but I am getting there. Better then throwing £5-10 away on an acca thats for sure.

A few things from my experiences...

1. The first few goes you have can take a fair bit of time because you check, double check and triple check what you are doing, particularly on the lay side on Betfair (or your chosen exchange). I can now do a back and matching lay on something in a few seconds. It's become second nature.

2. In an ideal world you'll win more often than not into the exchange as that's where you'll need money to place future matching lays. This will mean you need to spend less time moving cash around. I was fortunate that I was able to set aside a chunk of cash for this to save me having to keep moving money and, potentially, missing opportunities whilst I waited for money to arrive back in my bank account before I could move it on again. If you can't do that, then you can still do well, it will just be a slower build up.

3. Accas are one of the easiest ways to make small steady streams of profit, although I've only dabbled myself to date. In essence you only place accas where the games are not played at the same time, allowing you to sequentially lay legs based on the results of the prior fixtures in the acca. You do this to leverage the "money back if one leg fails" offers that most bookies do. There's a lot of coverage, discussion and help on this tactic in the PS community. You will almost certainly require a bit more money available in Betfair than it sounds like you have currently, so it may be something you want to look at a bit later.

Gazwag · Jan 16, 2017

elninobonito said:
So I joined the trial at the weekend, bit sceptical, never been a gambler as such but done the odd Acca here andthere. Never won big.

After watching the tutorials a few times and trying to understand whats going on I joined BetVictor and deposited £10, I then put £30 in a betfair exchange account. (Problem I have is I already have Bet365/coral/Ladbrokes accounts from years past ) after loosing about £1.18 on the qualifying bet I then had £30 in free bets from them. Used the two big games yesterday and I am currently looking at about £14 profit. I have one more free bet which I will use tonight for the AC Milan game and from a £10 probably end up with another £7 ish profit.

I think I now understand how to make the money from the free bets, however, the thing thats annoying is I now have £48 in my BetVictor account and £6 in the exchange and now need to transfer between the two that will take a few days. I dont want to be deposit anymore as the wife will kill me.

I would presume that one I start to build up the funds the bets would get bigger and I would be then be earning more profit for these free bets. Overall I think it has taken me a good 3 or 4 hours to achieve maybe less than £30 profit but I am getting there. Better then throwing £5-10 away on an acca thats for sure.

Its annoying when the bookie bet wins, even more so when it is the higher odds one rather than the small qualifying one. It does take time to built up when you first start especially if you haven't got a decent sized pot to chuck into the exchanges to get going. You will get much quicker as you go especially if you are using the odds checker to find the bets. Still even at the start you have earned about £8 per hour.

If you haven't used the old accounts for a long time they may have been closed so you can start again. I think I had accounts with both Corals and William Hill from a few years ago and couldn't log back into them so a polite chat with their live chat re-opened them and they also agreed to give me the NCO as well.

As Bozza says above, always double check your bet and lay, I made a silly mistake early on then I placed a bet on Man City to win but layed Barcelona instead of Man City and I didn't notice until afterwards when I was trying to work out why my exchange balance hadn't gone up. Cost me about £40.

elninobonito · Jan 16, 2017

Gazwag said:
Its annoying when the bookie bet wins, even more so when it is the higher odds one rather than the small qualifying one. It does take time to built up when you first start especially if you haven't got a decent sized pot to chuck into the exchanges to get going. You will get much quicker as you go especially if you are using the odds checker to find the bets. Still even at the start you have earned about £8 per hour.

If you haven't used the old accounts for a long time they may have been closed so you can start again. I think I had accounts with both Corals and William Hill from a few years ago and couldn't log back into them so a polite chat with their live chat re-opened them and they also agreed to give me the NCO as well.

As Bozza says above, always double check your bet and lay, I made a silly mistake early on then I placed a bet on Man City to win but layed Barcelona instead of Man City and I didn't notice until afterwards when I was trying to work out why my exchange balance hadn't gone up. Cost me about £40.

I already went wrong!!

I backed my first qualifying bet but the odds didnt qualify so I lost £1.80 right off the bat. I am getting there. By tonight will have a £20ish profit from a £40 original outlay and thats only covering 1 NCO. I will give it a go over the week and this weekend. Slowly but surely, thats the key I guess! I think also because I only really understand football that I am backing football bets, which of course take 90 mins for a reult rather than a horse that you could probably make quite a lot in one day?

dibsy · Jan 16, 2017

I joined in October and made £600. I did it slowly and carefully and very happy with £600. Going to take the missus to Spain in February with it.
I've cancelled my membership now as had done most of the sign up offers and found I don't have the time when it is required (Saturday mainly) to make a go of the on-going offers.
I enjoyed it and learned a lot, but I am reluctant to start playing with big money. I thought Profit Squad were really good and I asked a few questions which they always answered quickly and helpfully. I'd love to be able to make a hundred a week doing this to top up the wages so may have a look at KingColes tactics.

Arthritic Toe · Jan 16, 2017

I haven't joined Profit Squad, but I do a bunch of matched sign up offers when the mood takes me - probably made about £100 total. Things I find annoying are t+c's that are unclear - e.g. Boylesports has a £20 free bet but its given as 4 x £5 over 4 days, to be used within 7 days of account opening - which turns it into a lot of work (I guess thats the idea). On another I managed to opt in to the wrong sign-up offer and my £10 was immediately zapped and converted to £30 'bonus' bets that I could only use on sodding Roulette! You also get plagued by marketing emails, which take time to unsubscribe from.

Gazwag · Jan 16, 2017

Arthritic Toe said:
I haven't joined Profit Squad, but I do a bunch of matched sign up offers when the mood takes me - probably made about £100 total. Things I find annoying are t+c's that are unclear - e.g. Boylesports has a £20 free bet but its given as 4 x £5 over 4 days, to be used within 7 days of account opening - which turns it into a lot of work (I guess thats the idea). On another I managed to opt in to the wrong sign-up offer and my £10 was immediately zapped and converted to £30 'bonus' bets that I could only use on sodding Roulette! You also get plagued by marketing emails, which take time to unsubscribe from.

This is where profit squad helps, many of the NCO's have videos showing the whole process and all have a clear written explanation of the offer and what to do and what not to do. They also have odds matcher software that helps to easily find close matches so when you have those 4x£5 free bets it takes a couple minutes to get the bets and lays on.

Gazwag · Jan 16, 2017

elninobonito said:
I already went wrong!!

I backed my first qualifying bet but the odds didnt qualify so I lost £1.80 right off the bat. I am getting there. By tonight will have a £20ish profit from a £40 original outlay and thats only covering 1 NCO. I will give it a go over the week and this weekend. Slowly but surely, thats the key I guess! I think also because I only really understand football that I am backing football bets, which of course take 90 mins for a reult rather than a horse that you could probably make quite a lot in one day?

I haven't really touched horse racing yet, mainly because Saturdays are usually bhafc days. Have done a small amount but so far always to get the best return on free bets.

Getting the qualifying odds is always a pain to remember, skybet club for example, I always forget that has to be 2.0 and above and a few times I have found a brilliant match, place the bets and then remembered the odds limit. Same with the accumulators as each bookie has different rules so its important to check the T&C's of each offer before you start.

Arthritic Toe · Jan 16, 2017

Another thing that worries me slightly (any reassurance appreciated!) - you end up with lots of £10 transactions on your bank card to dodgy looking bookies. Could this negatively affect your credit rating or trigger any automatic fraud detection? You look like the worlds worst problem gambler.

kingcole · Jan 16, 2017

Bozza said:
My profit increased by another £500 yesterday...

1. Each way dutched race with a guaranteed profit of between £21 (most likely) and £650 (least likely). It actually returned £360.
2. Various refunds and free bets (the latter which you can convert to 75-80% cash) on the other televised races.

I really need to devote a few more hours to dutching. I think my initial understanding of this term may have been incorrect. I didn't realise a guaranteed profit lock in was possible

Bozza · Jan 16, 2017

kingcole said:
I really need to devote a few more hours to dutching. I think my initial understanding of this term may have been incorrect. I didn't realise a guaranteed profit lock in was possible

It's not always. Most races aren't suitable for dutching for a start - there'd be a loss all round. Today there was only one that some would consider, for example, but ultimately I'd be surprised if anyone got on it.

Typically the best races will be 8 or 9 horses (so 3 places are paid) and with a very short priced favourite. You then essentially analyse the odds to determine whether it is worthwhile or not, placing each way bets on every horse and, generally, covering win only bet(s) on the favourite(s). You will then have a degree of freedom as to how to adjust your potential returns - try to ensure a profit all round, although a small one if the favourite wins, or sacrifice that for a shot at greater returns if an outsider comes in.

Then you place your bets. Where bookies are offering the same leading prices, you would probably try and place with those offering BOG or BOG+ or other offers such as the regular 365 4/1+ winner or faller insurance and take any bonuses that you happen upon.

Another tactic I discovered completely by accident relates to very small 3 or 4 horse fields. Often you can back all horses for win only with different bookies for either break even or a very small loss. I do this sometimes just to be seen to be placing non-offer bets - "mug punting", but it can also pay dividends. Due to BOG I've backed a 3 horse field before, one horse drifted markedly but then won. I made about £300 on the race.

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