Partner Offer: Matched Betting With Yesbets - Make £500+ Per Month

[Yesbets 0]

Craig, these are some excellent points. With matched betting we always use the exchange to lay the bet that you place at the bookmaker. So you are only placing 2 bets instead of betting each leg at a different bookmaker. This has a couple of advantages. firstly you are betting normal round stakes at the bookmaker which looks far more natural, if you are trying to cover each outcome at bookies you'll end up placing bets like £6.67 on a draw, which is a red flag and will likely lead to accounts getting closed. Also by backing at a bookmaker and laying at an exchange you are betting on the same outcome, both bets just mirror each other, so there it's highly unlikely that a leg will get cancelled from a mis price.

 

Also with matched betting you are using the bonus cash to create artificial arb opportunities in effect, so you can make profit on less suspect or mispriced markets, for example premier league games. It's essentially a way of extracting bonus money risk free.

 

With £50 - £100 your returns won't be as high as they could be, and you will need to wait a bit to withdraw funds from bookmakers to top up your exchange, but plenty of people have turned that £100 into £1000 within a month. What tends to happen is people see that it works and then invest more into their exchange account to speed the process up and make larger profits, but that's purely down to the individual.

 

You are absolutely correct that bookies can go bust. We actually have a section on Yesbets that shows bookmakers that we don't recommend, usually because they have no UK license or little is known about them. All the offers on Yesbets are from large UK bookmakers to minimize this risk. It's something that we take incredibly seriously and is a vital part of the service that we offer (keeping you and your money safe).

[calscot 0]

Sounds like it might be something worthwhile short term if you take advantage of all the introductory offers.

 

What's the commission to YesBets? Or is it a monthly fee?

 

Doubt I'll take it up personally as never really attracted to betting - even though I tend not to be very risk averse in other parts of life, I do seem to be with money.

 

I think people who are more into it have a strong memory of the good feelings when you win, I always have a strong memory of the bad feelings when I lose.

[Yesbets 0]

Calscot, the service costs £14.99 per month, with no commitment, but you can complete 2 offers for free which would make you around £40 profit. The strange thing about matched betting is that there aren't any high's of winning and lows of losing. In fact it actually takes all the excitement out of betting if I'm honest. You know what you will make before the event even takes place, you are literally following a process and getting a return without the risk.

 

You find yourself sitting there hoping the horse or football match you bet on loses so that the money ends up in your exchange, rather than having to withdraw from the bookmakers and having to redeposit at the exchange. It's a little surreal.

[kannyoe 0]

OK, I've signed up and just watching the videos. I'm gonna stick £50 in and see how I get on.. What could go wrong

[rbr 1,247]

There is a problem if you are already a member of various bookie sites already and can't get the new user offers , the video shows using free bets , but what happens if you don't have any free bets to start with

[craig 5,195]

Craig, these are some excellent points. With matched betting we always use the exchange to lay the bet that you place at the bookmaker. So you are only placing 2 bets instead of betting each leg at a different bookmaker. This has a couple of advantages. firstly you are betting normal round stakes at the bookmaker which looks far more natural, if you are trying to cover each outcome at bookies you'll end up placing bets like £6.67 on a draw, which is a red flag and will likely lead to accounts getting closed. Also by backing at a bookmaker and laying at an exchange you are betting on the same outcome, both bets just mirror each other, so there it's highly unlikely that a leg will get cancelled from a mis price.

 

Also with matched betting you are using the bonus cash to create artificial arb opportunities in effect, so you can make profit on less suspect or mispriced markets, for example premier league games. It's essentially a way of extracting bonus money risk free.

 

With £50 - £100 your returns won't be as high as they could be, and you will need to wait a bit to withdraw funds from bookmakers to top up your exchange, but plenty of people have turned that £100 into £1000 within a month. What tends to happen is people see that it works and then invest more into their exchange account to speed the process up and make larger profits, but that's purely down to the individual.

 

You are absolutely correct that bookies can go bust. We actually have a section on Yesbets that shows bookmakers that we don't recommend, usually because they have no UK license or little is known about them. All the offers on Yesbets are from large UK bookmakers to minimize this risk. It's something that we take incredibly seriously and is a vital part of the service that we offer (keeping you and your money safe).

 

Thank you Sir for the feedback. If you want me to be an advisor let me know

 

I used a couple of arb websites back in the day and I enjoyed looking out for my results but having to fund a bunch of different accounts with different bookies was a pain in the rear.

 

However, seems like Yesbets have enhanced how to do the same thing - at the end of the day it seems, correct me if I am wrong, that this is still sports arbitrage ? And if that is the case then the risk is very minimal.

 

Either way, I like the way you are clearly responsive and take the time to explain..... I will be creating an account with you this weekend at the latest.

 

Thanks again

Craig

[craig 5,195]

Sounds like it might be something worthwhile short term if you take advantage of all the introductory offers.

 

What's the commission to YesBets? Or is it a monthly fee?

 

Doubt I'll take it up personally as never really attracted to betting - even though I tend not to be very risk averse in other parts of life, I do seem to be with money.

 

I think people who are more into it have a strong memory of the good feelings when you win, I always have a strong memory of the bad feelings when I lose.

 

Depends on the individual..... I tend to remember the losses more than the wins.....

[craig 5,195]

Craig, these are some excellent points. With matched betting we always use the exchange to lay the bet that you place at the bookmaker. So you are only placing 2 bets instead of betting each leg at a different bookmaker. This has a couple of advantages. firstly you are betting normal round stakes at the bookmaker which looks far more natural, if you are trying to cover each outcome at bookies you'll end up placing bets like £6.67 on a draw, which is a red flag and will likely lead to accounts getting closed. Also by backing at a bookmaker and laying at an exchange you are betting on the same outcome, both bets just mirror each other, so there it's highly unlikely that a leg will get cancelled from a mis price.

 

Also with matched betting you are using the bonus cash to create artificial arb opportunities in effect, so you can make profit on less suspect or mispriced markets, for example premier league games. It's essentially a way of extracting bonus money risk free.

 

With £50 - £100 your returns won't be as high as they could be, and you will need to wait a bit to withdraw funds from bookmakers to top up your exchange, but plenty of people have turned that £100 into £1000 within a month. What tends to happen is people see that it works and then invest more into their exchange account to speed the process up and make larger profits, but that's purely down to the individual.

 

You are absolutely correct that bookies can go bust. We actually have a section on Yesbets that shows bookmakers that we don't recommend, usually because they have no UK license or little is known about them. All the offers on Yesbets are from large UK bookmakers to minimize this risk. It's something that we take incredibly seriously and is a vital part of the service that we offer (keeping you and your money safe).

 

Questions for you....

 

As rbr states, a lot of the matching seems to be based around the free offers on sign up with bookies. Now, I know that you mention that you get "reload" bonuses even if you have accounts at these bookies. However, my questions are :

 

1. Are the reload bonuses as good as the new offers ? If not, how does this affect the outcomes in terms of potential profits ?

2. Do the bookies get suspicious in the instances where you seem to be funding, winning, withdrawing, and re-depositing ?

3. How sustainable is the product given that you really need the new offer and reload bonuses to continue to generate the profits ?

 

Thanks in advance

Craig

[Yesbets 0]

Hi Craig and RBR, yes you are essentially creating Arb opportunities, but because you are factoring in bonuses from the bookmakers, you can create an arb from virtually any market, rather than choosing specific markets where the odds are in your favour.

 

The signup offers are of course the most lucrative and easiest to do, primarily because you can do them whenever and on any market, but the reloads are still very profitable...

 

There are full instructions showing you how to take advantage of each offer, including reloads.

 

Ultimately some people will just want to take advantage of signups others will want to continue onto reloads a lot depends on whether or not you enjoy doing it, plenty do and it's a nice revenue boost each month.

 

Bookmakers can and do limit accounts and anyone who tells you otherwise is lying, however we do offer lots of advice on how to keep accounts open and people do make good returns months after month.

 

Hope this helps.. Amy more questions please do ask.

[forlanssister 3,050]

Headline story in today's Times

 

Bookmakers will be brought before the competition watchdog to explain why the industry has been cancelling winning bets and refusing to pay out money to punters, The Times has learnt.

 

The Competition and Markets Authority will announce an inquiry today into terms and conditions for online betting accounts that, critics say, allow bookmakers to act with impunity.

 

Customers say that betting companies have been using the small print of contracts to deny them promotions, alter odds on successful bets and place unfair curbs on winning accounts.

 

Claims have also emerged that the industry has been using the excuse of money laundering rules unfairly to refuse withdrawals from winning accounts without applying the same checks to customers who lose.

 

The internet gambling industry has grown rapidly in Britain, with punters losing a total of £3.5 billion online last year, equivalent to almost £75 for every adult in the country. The British-based industry has doubled in size between 2010 and last year, though until recently most online operators were overseas, meaning that they were not obliged to submit figures to the Gambling Commission.

 

Campaigners say that soaring profits have come at the expense of the basic principle that some people are allowed to win. Brian Chappell, founder of the campaign group Justice4Punters, said: “The industry used to work on the basis that 98 per cent of people lost and 2 per cent won but the bookies have created an environment over the last decade where they will only trade with people who are hopeless or, worse, have a gambling problem. Nowadays that 2 per cent of winners very quickly find their accounts closed or restricted.”

 

He added: “The only people the bookies allow to win are convenience accounts — MPs who lobby for them or media people who talk about the industry in glowing terms.”

 

Mr Chappell described dozens of cases where winning customers were denied payouts or had their betting restricted. “Customers who show any skill or talent are often restricted to 5p or 10p bets to stop them making any money,” he said. “Odds are sometimes reduced on a winning horse after the race has finished. In one case we fought, a customer was paid £1,600 rather than £2,700 on a winning bet after the bookie refused to honour the odds promised. The terms and conditions apparently allow that, but how can it be fair?”

 

He said that bookmakers sometimes used the excuse of money laundering checks to stop or slow the withdrawal of winnings. “Often if a winning punter wants to withdraw money they will demand to see his ID, for example, by asking him to send a picture next to a passport, but then they will say the details came through incomplete or the picture was fuzzy, forcing the customer to jump through hoop after hoop to get their cash. They never make such rigorous checks when you are losing money,” he said.

 

“In one case, a bookie refused to pay £35,000 won in an online casino on a lucky day. They dressed it up as social responsibility by asking questions about who was funding the account, even though they never asked those questions when the punter was losing money. It’s double standards.”

 

In 2014 the competition watchdog took over powers from the Office of Fair Trading to investigate unfair terms. It can make bookmakers provide whatever information it deems “necessary to identify whether unfair terms and notices are in use”.

 

If the watchdog finds against a bookmaker, it can force a change of terms and conditions, which raises the prospect of the industry having to explain to gamblers that over the medium to long term they will never be allowed to win. The watchdog can also force bookmakers to allow winning punters staking small amounts to keep their accounts open.

 

Clive Hawkswood, of the Remote Gambling Association, said: “If there are faults on the industry’s part then it’s right that the Competition and Markets Authority shines a light on them and that we can collectively learn lessons from that. I don’t believe the inquiry will find widespread failings. However, we will obviously co-operate with the CMA and stand ready to work with them and the Gambling Commission to implement any necessary improvements that are required.”

 

http://www.thetimes.co.uk/edition/news/crackdown-on-rip-off-gambling-companies-w8gpl9wqd