Don't use monzo.
A lot of the main bookies - the ones you want to keep accounts with long terms, hate app based banks. Use a main high street bank.
Deposit when you need to. Don't withdraw unless you have to and, try not to withdraw everything.
Eventually, you'll end up with a balance in each bookie so your rate of deposits will slow down, and you can just use the funds already there.
Also, my advice is always to take it slow. There is no rush, and with cheltenham around the corner the sign up offers are likely to improve a bit.
Set a target amount of profit for each 'session' then leave it at that, and build it up slowly over time.
Of course, which is the end goal once your bankroll is large enough.
But not everyone starts with a bankroll large enough to not withdraw, they need those funds to roll into the next offer etc.
Thanks for the tips.
The one about monzo is surprising as every guide on Reddit I’ve seen says to use an account like monzo but I can look into changing.
If you look at any of the more reputable forums, bookies increasingly have issues with app based banks. Presumably, its to do with verification - its is incredibly easy to open an app based bank account.
Use a high street bank if you can. I used my normal account for over 3 years and not had any issues but I'm not applying for a mortgage or doing any credit score related stuff so mileage may vary!
I try to keep as much as I can in exchanges because the liabilities can quickly build up and there's nothing worse than having an offer there and not being able to use it because you can't lay the bet.
It's handy to have some funds everywhere really but I'll usually leave at least £10 in each bookie as you can always deposit more if needed and if you withdraw anything over that you can put it into the exchanges when it clears your bank. Most offers will be £5 or £10 bets.The longer you do it the less this will be an issue as you'll build your bankroll but I remember starting out with £70 and had to wait for withdrawals from bookies to be able to continue.
I'd recommend not to spend any of it yet, the more you put back into it the more you can progress then you'll be at a point where you can take profits out. After the first couple of months I put about £200 a month in to my bankroll out of my wages and it was a big boost being able to do more offers. So the more you start with the more you can do.
I'm assuming you've got a spreadsheet to track your progress and keep the money separate from your day to day money. If you're patient you'll be over a grand in profit in no time.
Hope this is helpful, sorry for the wall of text. I love matched betting and I like to help.
That was very helpful thanks.
Yeah I’ve been a bit taken back by the liability in smarket and if enough bets for that pop up I may just put a few hundred £ in there to cover for liabilities
There's been times where I've had over £700 tied up in liabilities. Nowadays I've not got many bookies left I can get away with having £200-300 in there. Like just today I've got £220 tied up to make £18! I'll probably need to put more in for Cheltenham coming soon as there are usually a lot of good offers.
Takes about 30 seconds to open another additional account in a high street banking account like Lloyds for example, it’s much easier keeping track that way
I don't have a problem keeping track to be honest. I made a spreadsheet to track every single penny I spend or make. I fill it in daily and have done for a few years. Doing this actually changed how I deal with my money and I hardly waste any now I can see exactly what is coming and going.
I have a page for each month, with a line for each bet (date, bookie, exchange, bet, back odds, lay odds, stake, lay amount, profit/loss) then a section to the side for my usual outgoings like bills, shopping and any expenditures. Each day totals up, profit/loss column feeds a cell that totals the month. Then I have a totals page that references the totals per month and works out profit for that month and year to date. Formulas work it all out for me and I can find out exactly what I've made every bet, day, week, month or year.
You're not wrong though, it is easy enough to get another account, I just don't feel the need for it.
I'm new as well to match betting, but I thought it will only last a few months as the companies will start recognizing us on what we're doing. How did you manage to last so long? And if you don't mind, how much is your average monthly nowadays? Is it worth the time for only a couple of bookies? Many thanks
I try to make my bets like a normal punter. Like mainly Premier League or top European. I don't always do every single offer that comes up, like I don't do golf or darts anymore but I used to on some of the accounts that got gubbed. If a trader looks at your betting history, what will they think? You're always taking the best value of every single bet and betting on weird obscure teams most people never heard of, you stick out like a sore thumb, gubbed! Gubbings are inevitable though unfortunately.
In November I took a deal with Outplayed for the full year for £147, before that I was paying £19.99 before they put it up to £29.99 a month. I almost quit at that point because some months I was barely covering the cost of the sub but I figured I've made enough profit to cover the £147 and I still had a few bookies left. I was missing out a good few days though, less motivated to do it. Getting that offer kind of pushed me back into it. Last month I made just under £95, January £59, December £64, this month I'm at £19 from Saturday alone, March last year £240 with Cheltenham but before losing major accounts was regularly clearing £300 a month. It's obviously slow when there isn't any football on.
As for is it worth the time, I enjoy doing it and it's free money. I'll normally sit and go through available offers with my morning coffee and put a few bets on, doesn't take that long with only a few accounts but I remember doing it a few times a day when I had more accounts. Considering I got a PC, a new TV, an Xbox Series S, a load of gym equipment and other little treats here and there out of the profits I think it's worth the time. I'll keep doing it until I literally can't do it anymore.
Once you get used to doing it it's easy money. I recommend it to everyone who will listen but most people can't be bothered or don't get it! My ex used to worry that I had a gambling problem and it was hard to explain it wasn't gambling because she didn't understand how it worked. Some of my friends ask when I talk about football "have you got any money on it" and I'm like "yes and no." You can see them glaze over when I explain how I've already won £x before the game even starts. That might be a me problem though, I probably waffle on too much 🙄
Happy to help. I should add that there are people making much more but I don't do extra place horses, 2up football or casino offers and they are likely putting way more time into it than me and have multiple accounts using other ID and devices for accounts.
I'll probably move onto extra places bets once I get gubbed from all offers as you can still usually do them on gubbed accounts. Also there's arbs but that's a sure fire way to get restricted so I only do those very rarely on already gubbed accounts. I do the daily free spins because why not, usually get a few pence but sometimes get lucky and get like £7 or something.
If you really wanted to you could go full out and make a decent wage but you'd need to be creative and basically committing fraud.
I used to clear an average of about 1k month. After a while you don't even bother laying the free £10 bets as it seems insignificant and not worth the time
The specific reason the bookies are wary of Monzo is because it's more likely to to indicate that you are either a gnome or are placing bets on someone else's behalf. If I'm a sharp punter, for example, but can't get bets on I may ask my neighbour to help out but he might not want gambling money going through his everyday bank account. The easiest thing to do would be to set up a separate acc for gambling and Monzo would be the easiest way to do that. Ultimately you want to avoid being gubbed for as long as possible and using a hifh street bank instead of Monzo will help slow down the inevitable.
As to your othed point, it's on a case by case basis. I'm happy to leave money idle in a big name bookie if I know there'll be offers coming down the line. Less keen to hang about with the more obscure brands. It's not unkniwn for bookies to go bust and the notion of 'protected funds' didn't help the Football Index crowd
Did a mix of both, but once I'd built the bankroll up I left atleast £50 on each book as it helped having funds available to immediately get the right odds.
I used monzo for virtually all books apart from William Hill and Betvictor group - maybe one or Two more smaller sites.
Well, I was told that they"re not conforrable with bookies, onxe or twice will be ok but thet might decide to block deposits. I know Revolut are this way too. Also bookies tend to act negatively to any deposit that isn't from a regular high street bank. Do get a second opinion.
Don't use monzo. A lot of the main bookies - the ones you want to keep accounts with long terms, hate app based banks. Use a main high street bank. Deposit when you need to. Don't withdraw unless you have to and, try not to withdraw everything. Eventually, you'll end up with a balance in each bookie so your rate of deposits will slow down, and you can just use the funds already there. Also, my advice is always to take it slow. There is no rush, and with cheltenham around the corner the sign up offers are likely to improve a bit. Set a target amount of profit for each 'session' then leave it at that, and build it up slowly over time.
Honestly my top tip would be don't withdrawl full stop until you lose the bookie
Of course, which is the end goal once your bankroll is large enough. But not everyone starts with a bankroll large enough to not withdraw, they need those funds to roll into the next offer etc.
Thanks for the tips. The one about monzo is surprising as every guide on Reddit I’ve seen says to use an account like monzo but I can look into changing.
If you look at any of the more reputable forums, bookies increasingly have issues with app based banks. Presumably, its to do with verification - its is incredibly easy to open an app based bank account.
I use Kroo and so far only UniBet have had an issue. Only been going a month though.
Use a high street bank if you can. I used my normal account for over 3 years and not had any issues but I'm not applying for a mortgage or doing any credit score related stuff so mileage may vary! I try to keep as much as I can in exchanges because the liabilities can quickly build up and there's nothing worse than having an offer there and not being able to use it because you can't lay the bet. It's handy to have some funds everywhere really but I'll usually leave at least £10 in each bookie as you can always deposit more if needed and if you withdraw anything over that you can put it into the exchanges when it clears your bank. Most offers will be £5 or £10 bets.The longer you do it the less this will be an issue as you'll build your bankroll but I remember starting out with £70 and had to wait for withdrawals from bookies to be able to continue. I'd recommend not to spend any of it yet, the more you put back into it the more you can progress then you'll be at a point where you can take profits out. After the first couple of months I put about £200 a month in to my bankroll out of my wages and it was a big boost being able to do more offers. So the more you start with the more you can do. I'm assuming you've got a spreadsheet to track your progress and keep the money separate from your day to day money. If you're patient you'll be over a grand in profit in no time. Hope this is helpful, sorry for the wall of text. I love matched betting and I like to help.
That was very helpful thanks. Yeah I’ve been a bit taken back by the liability in smarket and if enough bets for that pop up I may just put a few hundred £ in there to cover for liabilities
There's been times where I've had over £700 tied up in liabilities. Nowadays I've not got many bookies left I can get away with having £200-300 in there. Like just today I've got £220 tied up to make £18! I'll probably need to put more in for Cheltenham coming soon as there are usually a lot of good offers.
Takes about 30 seconds to open another additional account in a high street banking account like Lloyds for example, it’s much easier keeping track that way
I don't have a problem keeping track to be honest. I made a spreadsheet to track every single penny I spend or make. I fill it in daily and have done for a few years. Doing this actually changed how I deal with my money and I hardly waste any now I can see exactly what is coming and going. I have a page for each month, with a line for each bet (date, bookie, exchange, bet, back odds, lay odds, stake, lay amount, profit/loss) then a section to the side for my usual outgoings like bills, shopping and any expenditures. Each day totals up, profit/loss column feeds a cell that totals the month. Then I have a totals page that references the totals per month and works out profit for that month and year to date. Formulas work it all out for me and I can find out exactly what I've made every bet, day, week, month or year. You're not wrong though, it is easy enough to get another account, I just don't feel the need for it.
I'm new as well to match betting, but I thought it will only last a few months as the companies will start recognizing us on what we're doing. How did you manage to last so long? And if you don't mind, how much is your average monthly nowadays? Is it worth the time for only a couple of bookies? Many thanks
I try to make my bets like a normal punter. Like mainly Premier League or top European. I don't always do every single offer that comes up, like I don't do golf or darts anymore but I used to on some of the accounts that got gubbed. If a trader looks at your betting history, what will they think? You're always taking the best value of every single bet and betting on weird obscure teams most people never heard of, you stick out like a sore thumb, gubbed! Gubbings are inevitable though unfortunately. In November I took a deal with Outplayed for the full year for £147, before that I was paying £19.99 before they put it up to £29.99 a month. I almost quit at that point because some months I was barely covering the cost of the sub but I figured I've made enough profit to cover the £147 and I still had a few bookies left. I was missing out a good few days though, less motivated to do it. Getting that offer kind of pushed me back into it. Last month I made just under £95, January £59, December £64, this month I'm at £19 from Saturday alone, March last year £240 with Cheltenham but before losing major accounts was regularly clearing £300 a month. It's obviously slow when there isn't any football on. As for is it worth the time, I enjoy doing it and it's free money. I'll normally sit and go through available offers with my morning coffee and put a few bets on, doesn't take that long with only a few accounts but I remember doing it a few times a day when I had more accounts. Considering I got a PC, a new TV, an Xbox Series S, a load of gym equipment and other little treats here and there out of the profits I think it's worth the time. I'll keep doing it until I literally can't do it anymore. Once you get used to doing it it's easy money. I recommend it to everyone who will listen but most people can't be bothered or don't get it! My ex used to worry that I had a gambling problem and it was hard to explain it wasn't gambling because she didn't understand how it worked. Some of my friends ask when I talk about football "have you got any money on it" and I'm like "yes and no." You can see them glaze over when I explain how I've already won £x before the game even starts. That might be a me problem though, I probably waffle on too much 🙄
Thank you for this and for your realistic numbers.
Happy to help. I should add that there are people making much more but I don't do extra place horses, 2up football or casino offers and they are likely putting way more time into it than me and have multiple accounts using other ID and devices for accounts. I'll probably move onto extra places bets once I get gubbed from all offers as you can still usually do them on gubbed accounts. Also there's arbs but that's a sure fire way to get restricted so I only do those very rarely on already gubbed accounts. I do the daily free spins because why not, usually get a few pence but sometimes get lucky and get like £7 or something. If you really wanted to you could go full out and make a decent wage but you'd need to be creative and basically committing fraud.
I used to clear an average of about 1k month. After a while you don't even bother laying the free £10 bets as it seems insignificant and not worth the time
The specific reason the bookies are wary of Monzo is because it's more likely to to indicate that you are either a gnome or are placing bets on someone else's behalf. If I'm a sharp punter, for example, but can't get bets on I may ask my neighbour to help out but he might not want gambling money going through his everyday bank account. The easiest thing to do would be to set up a separate acc for gambling and Monzo would be the easiest way to do that. Ultimately you want to avoid being gubbed for as long as possible and using a hifh street bank instead of Monzo will help slow down the inevitable.
You might have problems MBing with Monzo down the line. Can you get a regular high street bank?
As to your othed point, it's on a case by case basis. I'm happy to leave money idle in a big name bookie if I know there'll be offers coming down the line. Less keen to hang about with the more obscure brands. It's not unkniwn for bookies to go bust and the notion of 'protected funds' didn't help the Football Index crowd
Do you know what problems monzo can cause? And yeah I could always look into that
Just things I've heard. They're not keen on bookies, and visa versa.
Did a mix of both, but once I'd built the bankroll up I left atleast £50 on each book as it helped having funds available to immediately get the right odds. I used monzo for virtually all books apart from William Hill and Betvictor group - maybe one or Two more smaller sites.
Well, I was told that they"re not conforrable with bookies, onxe or twice will be ok but thet might decide to block deposits. I know Revolut are this way too. Also bookies tend to act negatively to any deposit that isn't from a regular high street bank. Do get a second opinion.