Well, it’s been a while since I last posted. A lot has happened since then. It looks like I posted two days before my little wee one was admitted to hospital… we spent over 3 months there. Needless to say, I haven’t had much time for writing blog posts. There was no wifi on a ward for 0-3 year olds.
I managed to do a little matched betting over the last few months, really not much because of the hospital palaver. But my profit so far is now £954.62 – I’m happy with that. It’s free money and I had fun doing it! The only reason why it was fun was due to the Euro Football tournament being on and I do like a bit of international soccer, so that brightened up our days in the hospital. We may not have had wifi, but at least we had free tv on the children’s wards!
Now that we are back home and out of hospital for good (touch wood), I am continuing the matched betting slowly, but surely. When I first started it, I didn’t understand much. I knew you could get free money out of the sign-up bonuses offered by bookies, but there are a few other, more advanced, ways to make money. I have been using OddsMonkey (*) this whole time, and I cannot speak highly enough of them. The forums are really useful, in addition to the calculators and many tools they have on offer. As you progress from the basics when you begin matched betting, you can move onto these more advanced ways to make money:
- Eachway Betting
1. Dutching is really easy – basically it’s like matched betting, except instead of backing and laying, you back at one bookie and back the opposite at another bookie. Obviously, there has to be a price advantage, so I use OddsMonkey’s (*) dutching tool to find me good matches. You need to find prices that will return a profit, rather than using the bookies’ free sign-up bonus to give you the profit, so the tool does this for you, no hassle.
2. Eachway betting is a bit more complicated, but again, you can use tools such as those offered by OddsMonkey (*) to make it easy for you. This is just for horse racing, so you can’t use it for the several other sports offered by most bookies. Essentially, you are doing two bets and laying them both – a bet on the horse to win, and a bet that the horse will finish in the top 4. You can make profits by taking advantage of the special offers from bookies where they pay out winnings for an extra place e.g. finish in the top 5 instead of top 4.
I have only done dutching so far, which is as easy as pie, and great for if you’ve been gubbed (banned) from taking part in offers by certain bookies.
Let me know if you have tried any other methods of taking profits from matched betting, I’d be interested to hear about your experiences!
(*) These are affiliate links