New Betting Loophole – Quick & Easy Money With Profit Squad

Discussion in 'Betting and Gambling' started by Profit Squad, Oct 7, 2016.

  1. mark_2017

    mark_2017 Well-Known Member

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    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.
     
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  2. Profit Squad

    Profit Squad Member

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    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!
     
  3. mightyspur

    mightyspur Well-Known Member

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    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.
     
    Last edited: Feb 1, 2018
  4. mark_2017

    mark_2017 Well-Known Member

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    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.
     
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  5. mightyspur

    mightyspur Well-Known Member

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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?
     
  6. mark_2017

    mark_2017 Well-Known Member

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    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.
     
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  7. mightyspur

    mightyspur Well-Known Member

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    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?
     
  8. mark_2017

    mark_2017 Well-Known Member

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    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...
     
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