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  1. #91
    Members Bold Seagull's Avatar
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    Quote Originally Posted by Bozza View Post
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    Sounds like you're trying to run before you walk. Just stick to easy New Customer Offers to start with and learn the back/lay ropes.
    Got away with it really as WH had the back bet odds I needed to cover the lay bet I'd already made. I always jump in feet first!

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    • #92
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      Quote Originally Posted by Bozza View Post
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      I'd be surprised if you've opened them all up - new ones are appearing all the time.

      Regardless of that, no, it's not a stumbling block. New Customer Offers are the low-hanging fruit and are useful for helping you learn the ropes of backing/laying and building up a bit of a bank to work with. However, most of the profits come after that in ongoing offers.

      Having long-standing accounts may work in your favour since you look like an established punter and not someone who has just joined up to do matched betting.
      Cheers Bozza, will let you know how I go!
    • #93
      Members Bob'n'weave's Avatar
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      Quote Originally Posted by KZNSeagull View Post
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      It is, as it has the most markets. Smarkets is a good alternative and is cheaper commission wise but I found it less easy to use at first. But it is good once you get used to it. Once you get used to what you are doing, matchbook does 0% commission for a while once you open an account but it does not have anything like as many markets as Betfair. Im on profit squad - pm me if you have any questions.
      Much appreciated. Will do.
      Have you seen the Muppet Show........
    • #94
      Members Bold Seagull's Avatar
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      Quote Originally Posted by KZNSeagull View Post
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      It is, as it has the most markets. Smarkets is a good alternative and is cheaper commission wise but I found it less easy to use at first. But it is good once you get used to it. Once you get used to what you are doing, matchbook does 0% commission for a while once you open an account but it does not have anything like as many markets as Betfair. Im on profit squad - pm me if you have any questions.
      How would the bookies know you're playing matched markets? Maybe @Bozza too? i.e. how would William Hill know you're laying with Befair if you're backing with them? Doesn't it just look a normal bet to them and losing and winning at random?
    • #95
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      Quote Originally Posted by Bold Seagull View Post
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      How would the bookies know you're playing matched markets? Maybe @Bozza too? i.e. how would William Hill know you're laying with Befair if you're backing with them? Doesn't it just look a normal bet to them and losing and winning at random?
      Hi Bold.
      Just signed up too, found 4 bookies I wasn't joined with already, and taken the deals, (may have messed 1 up),all bets on wolves v scousers, so a win coming in and free bets, not sure where it heads from here tho

      (hope you got your house sorted)
    • #96
      Members KZNSeagull's Avatar
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      Quote Originally Posted by Bold Seagull View Post
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      How would the bookies know you're playing matched markets? Maybe @Bozza too? i.e. how would William Hill know you're laying with Befair if you're backing with them? Doesn't it just look a normal bet to them and losing and winning at random?
      They don't necessarily, but they look for betting patterns. One of the best ways to lose an account is to do a lot of each way betting on high EV races (ie the ones that profit squad highlight as extra value) - many people have lost accounts through that alone (I certainly have!). In fact I have lost so many (by lost, I mean banned from promotions) that I only use the banned ones for these races now. The other thing they will do is monitor to see if you only do bets with promotions (for example, if you only ever do bets when you get a free bet as a result, or only bet on races where a free bet is possible). So the best thing to do is vary your bets with the good value bookies (BET365, William Hill etc). I place a lot of accumulators with them and have yet to be banned from any bookie on which i do that. But have a look on the forum in profit squad and there is some good advice in there. But at the end of the day, some bookies will ban you from promotions just for breathing and there is no guaranteed way of avoiding it.
      Sanibona!!
    • #97
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      Quote Originally Posted by pauli cee View Post
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      Hi Bold.
      Just signed up too, found 4 bookies I wasn't joined with already, and taken the deals, (may have messed 1 up),all bets on wolves v scousers, so a win coming in and free bets, not sure where it heads from here tho

      (hope you got your house sorted)
      Go through all the training on PS and there are lots of other things that you can do other then sign up offers (I have not done any of those for long time). It's not only about exploiting free bets.
      Last edited by KZNSeagull; 06-01-2019 at 18:32.
      Sanibona!!
    • #98

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      There is only one way to avoid losing accounts and that is not to win Most of them have pathetic thresholds and if you get to four figures out of most of them you've done well. If all you do is play for free bets, constantly bet at best price available or arbing then they will close you down too. I had a brand new set of accounts in June and I've had more closed than are ones. Well, they don't close you but they limit you to win a tenner or a fiver, pathetic shysters. If you want a bet of three figures, that isn't £9.99, they wont last long at all and the shops will not want your custom much either.

      One of the occupational hazards of being a gambler.

      Betfair are unfortunately the only exchange worthwhile, the others are very two bob.
    • #99
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      Quote Originally Posted by KZNSeagull View Post
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      Go through all the training on PS and there are lots of other things that you can do other then sign up offers (I have not done any of those for long time). It's not only about exploiting free bets.
      Cheers mate, will get my straight head on and trawl through PS when I get some time, will get into this I'm sure
    • #100
      You can change this Bozza's Avatar
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      Quote Originally Posted by Bob'n'weave View Post
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      I've signed up with Profit Squad. I know bugger all about this, just watched the vids and it makes sense, sort of. Going to take it slow and steady.

      Quick question - is Betfair the go-to exchange for managing the lay bets?
      I'd suggest starting with Smarkets for a few reasons:

      - 2% commission, although you can opt for a lower commission with Betfair now I think.
      - Betfair Sportsbook (ie the regular fixed odds bookie side) has some reasonable offers. However you would not get away with backing on the Betfair Sportsbook and then laying on the Betfair Exchange for very long.
      - Betfair and Paddy Power are the same company. Again, you'll not last long if you back on Paddy and lay on the Betfair exchange.

      Smarkets tend to have decent liquidity on most things, particularly football, although it can be a bit thin on lower-profile stuff.

      Quote Originally Posted by Bold Seagull View Post
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      How would the bookies know you're playing matched markets? Maybe @Bozza too? i.e. how would William Hill know you're laying with Befair if you're backing with them? Doesn't it just look a normal bet to them and losing and winning at random?
      @KZNSeagull has covered it off. They won't know you're laying but your betting patterns will give away that you're a Matched Bettor, ie...

      - Opening an account with a sum that exactly matches that required to trigger the new customer offer.
      - Betting on something low-ish odds which is a close match to exchange prices (most bookies will track the exchange price every time you strike a bet to see how much value you are taking)
      - Using free bets on 4/1+ odds, as this is the way to get best value extraction from your free bets.
      - Betting on offers that trigger or may trigger free bet offers most/all of the time.

      Bookie systems are all automated, but your activity may trigger manual review. I reckon I'd have a very high success rate of correctly identifying a matched better by reviewing their betting activity.

      Try to disguise your matched betting activity as much as you can!

      Quote Originally Posted by Billy Seagull View Post
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      There is only one way to avoid losing accounts and that is not to win Most of them have pathetic thresholds and if you get to four figures out of most of them you've done well. If all you do is play for free bets, constantly bet at best price available or arbing then they will close you down too. I had a brand new set of accounts in June and I've had more closed than are ones. Well, they don't close you but they limit you to win a tenner or a fiver, pathetic shysters. If you want a bet of three figures, that isn't £9.99, they wont last long at all and the shops will not want your custom much either.

      One of the occupational hazards of being a gambler.

      Betfair are unfortunately the only exchange worthwhile, the others are very two bob.
      I'm not sure I agree in all cases. My WH an 365 accounts, used for matched betting, both were very highly in profit (which meant I'd lost at exchanges) and persisted for a long, long time.I think it's often more about value taken and bonus abuse.

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