New Betting Loophole – Quick & Easy Money With Profit Squad

mark_2017

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Nov 29, 2004
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I'm probably late to the party, but I signed up to this tonight.

My problem is I appear to have existing accounts with most of the well known bookies (which I must have set up years ago), so there is a distinct lack of new customer offers available. Still had £10 with Skybet and placed an initial bet of £10 on BetFred to hopefully qualify for their free bet offer of £30.

I 'think' I stand to win about £6.20/£6.75 from my Skybet (depending what comes in) and either gain a MASSIVE £0.05 or lose £0.46 on the Betfred bet, but I appreciate you're taking the initial hit to get the free bet.

I'm sure as I get more confident and start doing more things will get easier. I'll then have the 'free' £30 with BetFred to play with of course.

One thing I wasn't aware of is the whole funding the liability on the exchange. Whilst the exchange is funded and the money is in the bookmaker accounts it actually feels like I'm out of pocket...

On my 2 bets I had to fund the exchange £35 and I've paid £10 on the Betfred, so currently £45 'down', but this time tomorrow I'll be about £6 up! Woot woot... At least I think that is right.

Does anyone have any tips on how to get the better returns? Doing this for £6 a pop seems like it'll be a loooong time before I start getting into the sort of profit some people have mentioned. What should I be looking out for one the oddsmatcher? Is it just a question of placing larger stakes? If I do that though, won't the liability on the exchange grow massively, or is it a case of softly softly to start with?
With the new customer offers you just wanna bet the amount you need to in order to qualify for the free bet. Like the betfred one, when you get the 30 quid free bet you should be looking to get 21-24 quid from that, depending on the match you're able to get.

The higher the odds the more retention you get, for example if you get a 4.0 back bet and 4.2 lay bet, you will get a lower return than if you get a 8.0 back bet and 8.2 lay bet match.

You should look to try and get 70-80% from the free bet amount.

For qualifying bets, good matches start from about £1-£1.50 loss per £25 bet. So if you're looking to place a qualifying bet and if the bet you're making is £25 and the calculator says you will lose £3 no matter the outcome then find a better match.

The new customer offers are the most basic of offers and if you had a lot to do you can build up a small bank.

My advice will be to do as many as you can and go to the PS forum for help and guidance and check the calendar for daily offers. The guys on the site are very helpful and will be more than happy to help should you have any questions.
 
Joined
Oct 4, 2016
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Thread starter #1,182
Wow what an excellent response Mark! I don't think I could have put it better myself :)
But yes even if it does seem a little slow at the start, with time/practice/experience and bankroll growth the amount of money you make goes up and the time you take doing it goes down, a lot of the 'work' involved becomes second nature. I will say that the forum, as Mark mentioned, is a great place to see what other members are doing and there is a lot to be gained from it, but if you want a question answered then feel free to contact us via email to ensure we get to it promptly!
 

mightyspur

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Aug 21, 2014
Messages
4,575
With the new customer offers you just wanna bet the amount you need to in order to qualify for the free bet. Like the betfred one, when you get the 30 quid free bet you should be looking to get 21-24 quid from that, depending on the match you're able to get.

The higher the odds the more retention you get, for example if you get a 4.0 back bet and 4.2 lay bet, you will get a lower return than if you get a 8.0 back bet and 8.2 lay bet match.

You should look to try and get 70-80% from the free bet amount.

For qualifying bets, good matches start from about £1-£1.50 loss per £25 bet. So if you're looking to place a qualifying bet and if the bet you're making is £25 and the calculator says you will lose £3 no matter the outcome then find a better match.

The new customer offers are the most basic of offers and if you had a lot to do you can build up a small bank.

My advice will be to do as many as you can and go to the PS forum for help and guidance and check the calendar for daily offers. The guys on the site are very helpful and will be more than happy to help should you have any questions.
Daft question, but when you say, 'retention' do you simply mean retaining profit from the free bet?

For the qualifying bets do you have any tips for finding good bets? I noticed on one of my QB I lost £2.30 odd, where as on the other 2 I have placed, it was less than a quid. Did I simply place a poor QB? I'm a bit confused by the odds and how they affect the calculator. Should I be looking at the difference between the back and lay odds and trying to get them as close as possible? i.e. 1.5 v 1.6 is better than 4.3 v 4.6?

After placing 2 QB (which both lost), I am around £3 something in 'profit', but I now have a free bet that will net me around £8 and then £30 worth of free bets which as you say I hope to make around £21-24.

Going very slowly at the moment and only betting on win / lose /draw outcome on UK football so it seems slow going, but I am sure it will pick up as I take up more offers.
 
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mark_2017

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Nov 29, 2004
Messages
18,943
Daft question, but when you say, 'retention' do you simply mean retaining profit from the free bet?

For the qualifying bets do you have any tips for finding good bets? I noticed on one of my QB I lost £2.30 odd, where as on the other 2 I have placed, it was less than a quid. Did I simply find a poor QB? I'm a bit confused by the odds and how they affect the calculator. Should I be looking at the difference between the back and lay odds and trying to get them as close as possible? i.e. 1.5 v 1.6 is better than 4.3 v 4.6?

After placing 2 QB (which both lost), I am around £3 something in 'profit', but I now have a free bet that will net me around £8 and then £30 worth of free bets which as you say I hope to make around £21-24.

Going very slowly at the moment and only betting on win / lose /draw outcome on UK football so it seems slow going, but I am sure it will pick up as I take up more offers.
Yes - when you choose the 'Stake NOT Returned' option on the calculator, it'll show the profit you will make from the free bet based on the bet and lay odds you have entered. You should aim for 70-80% profit retention from all free bets, so if the free bet was £30 you're looking at £21-£24 profit.

For me when looking for good matches for qualifying bets or for free bets, i just manually scan the bookie and exchange websites, constantly flicking between the two to compare odds in football matches or horse races. This may seem a long-winded way of doing it, but i prefer to bet on Prem football, as they are more 'muggy'.

The £2.30 Qualifying bet loss, whether it was good or not depends on how much the bet was. If it was a £25 bet then yes that's too much loss, you should look for matches where you lose £1-£1.50 per £25 bet. If the bet was a £50 bet then £2.30 is fine.

The lower the odds the smaller difference between the back and lay bet is what's needed. So a 1.5/1.6 match is worse than a 4.5/4.6 match, despite being the same difference (0.1). You would need to look for something much close to 1.5, like 1.52 if possible.

On the PS website there is a section where it outlines the difference you should aim for between back and lay bet odds, depending on the back bet odds. I can't remember where it is, but have a look around the help section and hopefully you should find it.
 

mightyspur

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Joined
Aug 21, 2014
Messages
4,575
Yes - when you choose the 'Stake NOT Returned' option on the calculator, it'll show the profit you will make from the free bet based on the bet and lay odds you have entered. You should aim for 70-80% profit retention from all free bets, so if the free bet was £30 you're looking at £21-£24 profit.

For me when looking for good matches for qualifying bets or for free bets, i just manually scan the bookie and exchange websites, constantly flicking between the two to compare odds in football matches or horse races. This may seem a long-winded way of doing it, but i prefer to bet on Prem football, as they are more 'muggy'.

The £2.30 Qualifying bet loss, whether it was good or not depends on how much the bet was. If it was a £25 bet then yes that's too much loss, you should look for matches where you lose £1-£1.50 per £25 bet. If the bet was a £50 bet then £2.30 is fine.

The lower the odds the smaller difference between the back and lay bet is what's needed. So a 1.5/1.6 match is worse than a 4.5/4.6 match, despite being the same difference (0.1). You would need to look for something much close to 1.5, like 1.52 if possible.

On the PS website there is a section where it outlines the difference you should aim for between back and lay bet odds, depending on the back bet odds. I can't remember where it is, but have a look around the help section and hopefully you should find it.
Yeah... it was on a £10 QB so pretty awful then LOL. In my defence it was the very 1st bet I placed and the other 2 have been less than 50p...

Thanks for clarifying what to look for on the smaller odds. Out of interest if I did go for 4.5/4.6 match, and the loss was less than a quid, that's fine it would just mean I would need significantly more liquidity in the exchange?
 

mark_2017

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Yeah... it was on a £10 QB so pretty awful then LOL. In my defence it was the very 1st bet I placed and the other 2 have been less than 50p...

Thanks for clarifying what to look for on the smaller odds. Out of interest if I did go for 4.5/4.6 match, and the loss was less than a quid, that's fine it would just mean I would need significantly more liquidity in the exchange?
Ah! Not to worry, we all make mistakes while we're learning, trust me!

Yeah you would need more liquidity in the exchange due to the higher odds. The calculator states how much liquidity you would need based on whatever odds you have entered and the size of the stake.
 

mightyspur

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Aug 21, 2014
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4,575
Ah! Not to worry, we all make mistakes while we're learning, trust me!

Yeah you would need more liquidity in the exchange due to the higher odds. The calculator states how much liquidity you would need based on whatever odds you have entered and the size of the stake.
So for the qualifying bets, does it just make sense to choose the lowest odd available where the back/lay bets match as close as possible, i.e. got for 1.5/1.52 if such a match is available?
 

mark_2017

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Nov 29, 2004
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18,943
So for the qualifying bets, does it just make sense to choose the lowest odd available where the back/lay bets match as close as possible, i.e. got for 1.5/1.52 if such a match is available?
Yeah because it would mean less liquidity is needed for the lay bet. But remember to check the t's&c's of any promotion, it will specify the minimum odds needed to bet in order to qualify for the promotion. So it could say, only minimum bets of 1.5 odds will qualify, or 2.0 etc...
 

mightyspur

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Aug 21, 2014
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4,575
Been doing this a little over 3 weeks and I'm £670 in profit and now starting to think about a few accas. I'm really enjoying it.... taking over my life a little bit lol
 

WiganSpur

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Aug 31, 2012
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10,176
For anyone unsure this is definitely worth doing, especially so if you have a few quid in the bank to start off with. The Casino calendar offers can keep the money coming in after the sign ups too.

If you dedicate some time you can easily average £700 p/m after the sign ups. Helps pay the rent.
 

mark_2017

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Nov 29, 2004
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Won £190 through bet365's two up offer in the Bournemouth, Newcastle game today. My second 2 up win this month after our game with Juve.

Love matched betting.
 

haxman

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Jan 14, 2007
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15,763
Nice one! I've managed to do it 4 times this season now and once last season, two times being spurs comebacks!
Never cheered a Bournemouth equaliser so much!
I sometimes tie it in with the Paddy Power offer by betting on the other team but PP's odds are usually rubbish so it's not always possible to get a decent qualifying loss.

It's been a good money maker so far.
 

mark_2017

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Nov 29, 2004
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18,943
I sometimes tie it in with the Paddy Power offer by betting on the other team but PP's odds are usually rubbish so it's not always possible to get a decent qualifying loss.

It's been a good money maker so far.
I've noticed that with PP too. You're much more likely to get a good match with bet365 instead.
 

mark_2017

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Nov 29, 2004
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Talking of the 2up offer @haxman ive just backed and laid arsenal for their league game against city on thursday at 4.2/4.3 with bet365 and smarkets. 96p QL loss at £25
 
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Oct 4, 2016
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Thread starter #1,197
Hey guys, just so you know everyone who is a member at Profit Squad, you now also have access to Matchedbets.com! As we have now partnered together! Just go to matchedbets.com site and do a password reset using the email we have for you :)
 
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