It is matched betting. Simply, with the advent of the internet, you can now lay sports bets as well as back them. Both profit accumulator and mike cruikshanks software continuously scan bookmakers odds and exchange odds. Basically, finding an arbitrage. (Note 1) To give an extreme example, bookmaker odds 6/4, exchange lay odds evens. Back the horse with bookie x £100 Lay on exchange 126.26 (Note 2) Profit regardless of outcome £23.74 Woooohoooooo piss easy this, win 26 quid every race. Errrrr no. An extreme example for explanation. You can make a quick £500 ish by taking advantage of bookmakers new account offers, ie place a £10 bet, receive one or more bets to the same amount. Oddschecker will give you a list of these offers, but rather than doing them yourself, I would suggest you sign up for the Profit Accumulator free trial and be hand held through the process to fully understand how it works. After the sign ups are completed, there are still the occasional offers, and bet clubs, Sky for example bet £25 in a week receive a £5 free bet the following Monday. By all means give it a go It is tax free money with the rider, while it lasts. Don't think you have suddenly fallen upon the ultimate pension plan. They will get you in the end. The bookies not the taxman. How so, I hear you ask? Profit Accumulator are claiming 150,000 members. Their software throws up a horse, bang, everyone is on it, or even a good few hundred to raise eyebrows dependent on price. Note 1 Arbitrage. Will get your account limited, 12p on an odds on was the best I was offered by uncle billy. It took a while for the bookies to work out why there was a surge in new accounts. What is this Cruikshank fella doing? Aha, right. Traders simply got the same programme running and arbs were flagged up immediately. Though some still slip through the net, or the traders have a bigger worry in the event in question. Note 2 there are free calculators on the net for working the lay amount out. Also takes into account the commission, 5% Betfair, 2% Smarkets. There is a lot of stuff out there about matched betting, plenty to read and form a better opinion than just from this reply. Here is your first port of call. https://www.theguardian.com/money/2010/jul/24/free-bets-bookies
Yeah. I did this about 10 years or more ago when Betfair and Betdaq were quite new. Made a quick £1,500. I used to use the Beat the bookies forum on rpoints as a source of offers. Wonder if it still going. As far as bet-limiting is concerned, I wonder if using a points based system alongside arbing would help reduce the bet limiting. Probably not.
I am not sure if a points system would help. Paddy Power and Betfair are one and the same. If you back a horse with paddy, lay it on betfair, well, not the best way to stay under the radar. A big tell tale for traders is the same people consistently losing money on the same bets, and yet keep coming back for more. Conversely the same with winners. Who else was on that? Like the guy in the Guardian article suggests. If you are new to bookmakers accounts, then yes, money to be made. But when the offers dry up, bin it. Short term easy few hundred, thank you and goodnight. I have sacked off all the software now. "Slave to the Beep" syndrome. When the software threw up a match, yes, a little beep went off. Open up the bookies, the exchange check the lay amount, go to put bet on with the bookie and find the odds had shortened to a pennies profit. One programme I had, also had an add-on that would place the back and lay bets for you. I never subscribed to it. It was great fun watching the bookies odds tumble as the bots steamed in. And then reading on the forum later that evening of another account gone or severely restricted.
I made a good score from Bet365's 2UP promo. Bet365 payout on Football as a win if a team get a 2 goal lead. If you put £50 or £100 on a team to win, and then lay the bet on Smarkets, and the team does get a 2 goal lead, you can make profit. Ideally you want the game to end in a draw, but you can cash out the arb bet anytime and make profit.
Thanks for the help people. Looking into it currently but going full, in with the casino options as well as the football. Wouldn’t really do the horses. Looking to make profit on the free incentives only. Have done the free trail and I have made money and understand how it works. You have confirmed my reservations about offers drying up. Profit accumulator charge a monthly fee or a one off fee for the platinum service. Going by the comments above, financially it makes sense for a period of time. My main question is the time spent in this. If it’s like 15 mins a day I can do that on the throne (beats the **** out of of ,playing Angry Birds!)but anything longer then my time is best spent doing something else. Thoughts?
Here we go again 1:00 pm Fontwell - Dom Of Mary5/4 (1 Point) 4:10 pm Uttoxeter - Storm Of Light 2/1 (2 Points)
