#325857
Postby vrdiver » July 13th, 2020, 4:43 pm
I've been doing matched betting for a few years now. I keep a separate bank account purely for MB transactions, as well as a dedicated email address. Despite schoolboy errors and the occasional bad luck with odds changing against me between placing the first and second bets, I'm up just over £8.5k.
It helps that I find gambling boring and am not really interested in which team wins. If I was into gambling or betting on my favourite team it might be a bit more stressful!
I find most people, despite explaining the mechanism of MB, just hear "betting" and won't believe it's a logical, mathematically driven process of cash extraction. Except the bookies. They understand all too well and I've been gubbed by a fair few, but offers do keep coming! This last year I've added casino offers to my repertoire; a bit more complex, as you're working with probabilities rather than fixed deals, but once the research is done they are easier then sports MB.
I use OddsMonkey, Team Profit (free) and Team Casino. There are lots of other sites offering similar information, but these seem pretty good. For record keeping, I use the "Ultimatcher4" spreadsheet which looks a little complicated at first, but is very useful at tracking bets across multiple bookies and working out lay bets and associated profitability, cash balances, free bets etc.
To anybody thinking of trying matched betting, I'd advise care. If you lack attention to detail, or can't afford to lose money (e.g. because of a mistake in placing a matched bet) then this is not for you. For those who would enjoy taking cash off of the industry, it can be very satisfying and more profitable than investing in the bookies as a shareholder...
VRD