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+--- Thread: UK matched betting, anyone know anything about it? (/thread-10918.html)
UK matched betting, anyone know anything about it? - AltruismAndCake - 09-18-2016
I was browsing the web out of boredom, and found a little bit of info about it. I decided to dig deeper into the info, but unfortunately people can't legally participate in the US.
Matched betting is when you place two different bets, one of them using a signup bonus for free/nearly free bets, and the other bet is paid for out of pocket and is a bet for the exact opposite outcome. The outcome of the bet matters very little, because you have it set up to win money either way.
Say you pay a site £5 and get £20 in free bets. You then bet that money on a certain outcome. For this example, the amount you earn is 2.4x the betting amount (£60). You then hop on a site like BetFair, and put up a lay bet (opposite bet). For this example, we look for someone willing to bet £17.5 at 2.6x on the same bet (£45.5 out of your pocket).
If the free bet wins, you get £60 from that site and lose the £45.5 on the other bet. The difference is £60-£45.5-£5(cost of "free" bets) = ~£9.5 profit
If the other bet wins, you lose the £5 you spent getting the "free" bets, but gain the £17.5 from BetFair, netting a profit of ~£12.5.
The main risks of matched betting are bad math or if the free bets don't cash out. Has anyone tried something like this? Is matched betting still around?
RE: UK matched betting, anyone know anything about it? - Dcentrics - 09-23-2016
did you see what went on with counterstrike in america?
RE: UK matched betting, anyone know anything about it? - AltruismAndCake - 09-23-2016
No, what happened?