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>> No. 8042 Anonymous
31st January 2018
Wednesday 1:31 pm
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I'm not a gambler but apparently some betting places give you a bit of free credit to get you hooked. Websites certainly.
Is it worth trying a bunch just to use the free credit?
Is it legal?
Expand all images.
>> No. 8043 Anonymous
31st January 2018
Wednesday 2:55 pm
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If you're careful and well-organised, you can make hundreds of pounds a month by exploiting free bets offers from online bookies. You'll need to set aside at least five evenings to figure everything out, because you can cock things up and lose money if you don't fully understand what you're getting into.

http://forums.moneysavingexpert.com/showthread.php?t=325861
>> No. 8044 Anonymous
1st February 2018
Thursday 12:00 am
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>>8043
I thought I saw something fairly recently about how if they catch on to anyone doing this they will just withhold your winnings. I have a betfair account and I'm sure I saw a line to that effect in one of the terms & conditions pages but I'm not going to search for it now; just a warning to anyone thinking of doing it.
>> No. 8045 Anonymous
1st February 2018
Thursday 8:20 am
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>>8044

Matched betting definitely works. If you're doing it right, you look no different from any mug punter having a couple of bets on football or tennis. The difference is that you're laying off your bets on Betfair to guarantee a small loss of a few pence, then making your profit on the free bet or the deposit bonus. If you read the matched betting diaries on the Moneysavingexpert forum, you'll see that loads of people are making thousands of pounds through matched betting. The bookies don't like it, but they're pretty much powerless to stop it.

As I said, the main caveat is that you need to know exactly what you're doing, because it's easy to cock up.
>> No. 8046 Anonymous
1st February 2018
Thursday 8:52 am
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>>8045

Seems like a lot of effort for not much profit. Do these sites ever offer you more than one free bet/deposit bonus? Or do you just spend your time signing up to every bookies on the internet? If the latter, how can it be such a long term revenue stream as people claim it is?
>> No. 8047 Anonymous
1st February 2018
Thursday 10:03 am
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>>8046
From reading the MSE link, you put in an initial investment to match the first bet then use the returns to generate continued revenue.
>> No. 8048 Anonymous
1st February 2018
Thursday 10:17 am
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>>8047

But you make your profit by exploiting the bookmakers free bet offers, no? So if you run out of offers, where's the profit coming from?
>> No. 8049 Anonymous
1st February 2018
Thursday 10:23 am
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>>8046

The main offers are at sign-up, but bookies do occasionally offer bonuses for existing customers, particularly in the run-up to big events like the Cheltenham Festival and the Grand National. You do need to sign up for loads of bookies for it to be worthwhile.

It's not a magic money machine, but it's a good alternative to a part-time job if you need a bit of extra income. Gambling winnings aren't taxable, so you don't have to declare it. I'd recommend it to students in particular - they have cash to invest from their student loan and an extra couple of grand a year would make a real difference to their finances.
>> No. 8050 Anonymous
1st February 2018
Thursday 10:35 am
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>>8049

>but bookies do occasionally offer bonuses for existing customers

Okay, that's the bit I was missing, thanks.

It sounds like a nice little risk free earner, though I think I'm too impatient for it. Making maybe ten quid an hour for all that betting and tracking and that would drive me mad. I feel like I'd rather just learn how to make money playing poker. At least that's fun.
>> No. 8051 Anonymous
1st February 2018
Thursday 11:35 am
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>>8050

>I feel like I'd rather just learn how to make money playing poker. At least that's fun.

Playing poker professionally is pretty much the opposite of fun. I did it for about three years, back in the good old days before the UIGEA. I had a massive mental breakdown because of the stress. Even if you're strongly profitable, the variance is huge. An expert player will always make money in the long run, but the long run is much longer than you might think. On my worst downswing, I finished the month with a £15,000 loss. I once lost £3,000 in an hour. To play profitably, you have to be able to take that kind of emotional battering without it affecting your game. I had the poker skills, but I didn't have the mental resilience. Not many people do.
>> No. 8052 Anonymous
1st February 2018
Thursday 11:48 am
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>>8051

That does sound pretty grim.

I've heard of players who take a much less high risk approach and basically just consistently outplay the bottom rungs of the poker sites. They're only making a couple of quid a hand, but they're decent enough strategists to do that consistently with six tables at a time. So maybe only really making a hundred a night, and occasionally putting the time in to win a bit more by placing in a tournament. Still better than stacking shelves, though I bet the temptation to go bigger is always there, as the pros routinely build up huge bankrolls.
>> No. 8053 Anonymous
1st February 2018
Thursday 12:43 pm
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>>8052

The US effectively banned online poker in 2006, which made the pickings much thinner - all the pros figured out how to get around the ban, but most of the fish didn't. All the action eventually moved to PokerStars; once they achieved a near-monopoly, they gutted their loyalty programme and practically halved the income of most online pros. They also greatly restricted the use of HUD software, which is an essential tool for someone playing a lot of tables.

If you want to make a decent living online, you need to be playing at least 12 tables at $1/$2 NLHE, probably closer to 24 tables. At that level, you can lose £140 on a single hand and you'll be playing between 1,000 and 2,200 hands per hour. Because your profit margin is relatively thin compared to a live cash player, you'll still see four-figure downswings on a fairly regular basis.

There are still plenty of poker players and it's a fabulous lifestyle in many ways, but it's also incredibly emotionally taxing. If you're one of the rare people who is good at maths and incredibly resilient, it's pretty much a dream career.
>> No. 8054 Anonymous
1st February 2018
Thursday 6:18 pm
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>>8053

Interesting post. Thank you.

>you're one of the rare people who is good at maths and incredibly resilient, it's pretty much a dream career.

Sadly I'm neither. I do consistently well in a live game, but that's about it.
>> No. 8055 Anonymous
4th February 2018
Sunday 1:35 pm
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>>8051
If you can make one heap of all your winnings...
>> No. 8056 Anonymous
4th February 2018
Sunday 2:17 pm
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>>8055

...and risk it on one turn of pitch-and-toss,

Then you've got very poor bankroll management skills, my son.

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