Re: Bulls Bet : Tue May 02, 2017 6:29 pm  

debaser wrote:

I have read all this and the link that FA put up, but I still don't understand it. In simple terms, are you putting two bets on with two bookies for different things, meaning that you are guaranteed to win? Or is it more complicated?

A bit more complicated but not much. Take tonights game as the trigger for the offer(Im not sure what the offer is but says its bet £30 and get a £30 free bet, if its a risk free £30 then its slightly different and you make less). We back Real Madrid at the bookie at 1.8, for the next bit we need an exchange account(Betfair has an opening offer so you can do that as well but Smarkets offers only 2% commission compared to 5% at Betfair), we then lay this at the exchange(basically playing the bookie) at 1.82. Due to commission and higher odds we lose £0.60 on this bet but for that 60p we get the free £30

To maximize our winnings we need to use higher odds(because you do not get the stake back in your returns), so say we pick a team to win at 5.0 and lay that same team at the exchange at 5.2 we will make about 75% of the £30 so about £22. The kicker is that you need a bit of money in the exchange as that lay bet will cost you about £98.

Its really not all that complicated when you get the hang of it, realistically for someone who has not done this before that will take you about an hour to check everything and get the bets on, if I did that myself its probably 5 mins worth work from start to finish so about £20 for a few minutes work. Scale that up and its lots of free money.

Re: Bulls Bet : Tue May 02, 2017 6:31 pm  

I'm confused but I would like to know how to make 20 grand a year please

Re: Bulls Bet : Tue May 02, 2017 7:37 pm  

Its not a get rich quick scheme but if you do have some free time and are willing to put the effort in you can make a load of money. I see people doing it full time pulling in between 5-10k per month but even the odd £100 a month for little effort can make a difference for some people.

Re: Bulls Bet : Tue May 02, 2017 7:43 pm  

Keep talking Greg

Re: Bulls Bet : Tue May 02, 2017 8:20 pm  

Roger why not do a "pretend" bet dry run, following the link I gave? Once you have worked through a real life example, it'll make more sense. Or, just take the plunge and do one of the "east" rated ones for real - if you stick to the instructions you'll have your first free money by tomorrow.

Well actually you could have it in a few hours, cos there's football (and it doesn't have to be football, it can be boxing or anything) kicking off around the globe somewhere pretty much 24/7 so you could, if so inclined, turn the bets over as fast as you like

Re: Bulls Bet : Tue May 02, 2017 8:32 pm  

If you want to keep your accounts though they will last longer betting on main leagues than betting an some unknown teams in obscure leagues like Bosnian Div 2 or Ukrainian Womens Div 4 or Bradford Bulls. Just remember you need enough money in an exchange account to cover the lay bet. Id go for Smarkets because the opening of a Betfair account is going to be worth quite a bit and you should not lay any Betfair sportsbook bets on Betfair exchange, same goes for Paddy Power. Anyway Smarkets cheaper.

Re: Bulls Bet : Wed May 03, 2017 9:36 am  

Paddy Power is Betfair (Paddy Power Betfair plc)

Re: Bulls Bet : Wed May 03, 2017 4:01 pm  

Ferocious Aardvark wrote:

Paddy Power is Betfair (Paddy Power Betfair plc)

Yeah and the sneaky blighters don't make that clear and will restrict anyone who places a bet at Paddy and then lays it on the exchange.

Re: Bulls Bet : Wed May 03, 2017 5:30 pm  

Greg Florimos Boots wrote:

Yeah and the sneaky blighters don't make that clear and will restrict anyone who places a bet at Paddy and then lays it on the exchange.

Hello mate I've sent you a PM

Re: Bulls Bet : Wed May 03, 2017 6:13 pm  

roger daly wrote:

Hello mate I've sent you a PM

Ive got it and replied.