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  1. #91
    U wot m1+1+1+1+1+1+1+1 7Friez's Avatar
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    can ausbrahs do this? theres a betfair here pls respond
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  2. #92
    cake baker cake123's Avatar
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    are Canadians eligible?
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  3. #93
    Registered User BettingBrah's Avatar
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    Originally Posted by Mathematics View Post
    Not really, you basically take advantages of differences in odds at different books. A really basic example, Murray vs Djokovic. Bet365 has murray to win at 2.4. Bet fair has murray to win at 2.1. You can bet £100 on murray at bet365, and lay 117.07 at betfair, and you will be guaranteed £11.22 profit whatever the outcome.

    In reality odds like this are hard to come by on popular markets, but there are opportunities to be found on less common markets.
    Sorry brah, that is arbitrage not advantage play. Advantage play covers casino offers, or promotions where for example if X scores first, you will receive your money back on certain losing bets. It means the expected value of an offer is positive (so if you do it enough times, you will come out in a profit. This is the direction you have to take once you finished start up offers).

    Don't want to confuse beginners so I'd stop reading here if you are.. But say there is an offer tomorrow on utd liverpool, if Van Persie scores first, all losing first goal scorer bets will be refunded. Let's say his odds at betfair (true odds) are 4.0. Now let's say you find a match on a player who is 6.5 at this bookie and 7 to lay. You match this bet, at £50 stake, creating a £-5.58 loss on all outcomes. Now we hope Van Persie scores first for a £45.42 profit. We would expect Van Persie to score first one in every four games by the odds, so we can see the expected value of this offer is positive (would have to be around 1 in 9 games for the expected value to be negative (5.58 x 10 = 55.8>50)). (you can lay RVP for equal profit but I tend not to).

    In casino terms, say there is an offer, deposit £100 and they'll match your deposit with another £100 with a wagering requirement x10. So you have to wager £1000 to release your funds. If you played this through on blackjack, where the house edge is somewhere around 1.5%, after £1000 wagering you would expect to only have lost £15. So you would expect to come out with £185, an £85 profit. (you won't find an offer like this though).

    Feel free to PM me with any questions OP.
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  4. #94
    Registered User BettingBrah's Avatar
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    Originally Posted by SonOfAbert View Post
    Guessing United States residents can't do this.

    Please respond.
    I believe you can, but it is harder. It is more to do with free plays. I think 5Dimes have quite a good offer on at the moment. Don't know too much about it, American books are still on my to do list, but currency fees and a few of them went bankrupt which have put me off.

    Originally Posted by 7Friez View Post
    can ausbrahs do this? theres a betfair here pls respond
    I believe so, IASbet is probably the best bookmaker for you to start.

    Originally Posted by cake123 View Post
    are Canadians eligible?
    Go onto gambling websites and check the terms and conditions of offers. Will include a list of eligible countries.


    Apologies for thread hijack OP, will try to stop now.
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  5. #95
    Registered User Mathematics's Avatar
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    Originally Posted by BettingBrah View Post
    Sorry brah, that is arbitrage not advantage play. Advantage play covers casino offers, or promotions where for example if X scores first, you will receive your money back on certain losing bets. It means the expected value of an offer is positive (so if you do it enough times, you will come out in a profit. This is the direction you have to take once you finished start up offers).

    Don't want to confuse beginners so I'd stop reading here if you are.. But say there is an offer tomorrow on utd liverpool, if Van Persie scores first, all losing first goal scorer bets will be refunded. Let's say his odds at betfair (true odds) are 4.0. Now let's say you find a match on a player who is 6.5 at this bookie and 7 to lay. You match this bet, at £50 stake, creating a £-5.58 loss on all outcomes. Now we hope Van Persie scores first for a £45.42 profit. We would expect Van Persie to score first one in every four games by the odds, so we can see the expected value of this offer is positive (would have to be around 1 in 9 games for the expected value to be negative (5.58 x 10 = 55.8>50)). (you can lay RVP for equal profit but I tend not to).

    In casino terms, say there is an offer, deposit £100 and they'll match your deposit with another £100 with a wagering requirement x10. So you have to wager £1000 to release your funds. If you played this through on blackjack, where the house edge is somewhere around 1.5%, after £1000 wagering you would expect to only have lost £15. So you would expect to come out with £185, an £85 profit. (you won't find an offer like this though).

    Feel free to PM me with any questions OP.
    Arbitrage bets are the most basic example of advantage play. As i stated earlier I have been mainly making money from refunds such as the first goal scorer one you mentioned. Done a few casino bonuses but a lot of them are tedious and require a lot of clicking to play through when they don't have an auto play function (Do you bother with the huge wager requirements such as 30x+?)

    In fact if you think about it, all such offers can be viewed as an arbitrage bet. For example to 4/1 back a winner get a free bet offer, you back a 4/1 horse and effectively your odds are being increased by 1 to 5/1 (in reality you will only get about 80% of this extra winnings so you are going from 5.0 to 5.8)
    It can then be treated as a normal bet and you just have to look for lay odds to match.
    Last edited by Mathematics; 01-13-2013 at 12:15 AM.
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  6. #96
    Registered User Mathematics's Avatar
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    Originally Posted by BettingBrah View Post

    Apologies for thread hijack OP, will try to stop now.
    No problem, The more miscers we aware the better!
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  7. #97
    Registered User twicerainbow's Avatar
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    should be avaliabe for aussies, at least there's aussie booker list here: http://forums.moneysavingexpert.com/....html?t=288774

    OP: when i lay a 50£ bet at betfair, with the odds of 3.0, could it then end up costing me 150£?
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  8. #98
    Registered User Mathematics's Avatar
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    Originally Posted by twicerainbow View Post

    OP: when i lay a 50£ bet at betfair, with the odds of 3.0, could it then end up costing me 150£?
    Would only cost you £100. The other person would be betting £50 to win £100 profit.
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  9. #99
    Persian crew Googooly's Avatar
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    BUMPing this legendary thread.
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  10. #100
    Registered User JokaJJayy's Avatar
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    This only works when you sign up to a new betting site... so what happens when you've already signed up to all the big betting sites.. I think im already signed up to 2 or 3 already.
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  11. #101
    Registered User Mathematics's Avatar
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    Originally Posted by JokaJJayy View Post
    This only works when you sign up to a new betting site... so what happens when you've already signed up to all the big betting sites.. I think im already signed up to 2 or 3 already.

    You worry about that when you've signed up to 20 of them !
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  12. #102
    Persian crew Googooly's Avatar
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    Could someone kindly post ALL the free betting sites that offer free cash? please respond sir. will repp
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  13. #103
    Registered User FuzzyMitts's Avatar
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    This is 'legit', fixtheodds.com is another similar service.

    However no one can guarantee you the size of your returns. YOU will turn a profit but it can be anything from a few hundred to a few thousand depending on when you place the bets and how active and varied the market is. You also need a decent bankroll if you want to do multiple sites at once. If you can spare it you could probs do all the offers on fixtheodds in on go with £2-300.
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  14. #104
    Registered User Mathematics's Avatar
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    Originally Posted by FuzzyMitts View Post
    This is 'legit', fixtheodds.com is another similar service.

    However no one can guarantee you the size of your returns. YOU will turn a profit but it can be anything from a few hundred to a few thousand depending on when you place the bets and how active and varied the market is. You also need a decent bankroll if you want to do multiple sites at once. If you can spare it you could probs do all the offers on fixtheodds in on go with £2-300.

    Fixtheodds gives a good explanation but it is definitely better to do it manually. Fixtheodds doesn't always make you the most profit, and it misses out big offers. Last time I checked it had a paddy power £20 free bet offer, if you took this you would then never be able to take their £250 free bets offer!
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  15. #105
    Registered User JokaJJayy's Avatar
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    Ok I'm gonna try this today...

    I see both ladbrokes and paddypower offer £50 free bet after you've made a bet.
    So I should pick a random game, £50 on one side using ladbrokes. £50 on the other team using paddypower?

    When a team wins, I basically get that free £50 to withdraw?

    What happens if theres a draw? I lose £100?????


    edit: just see you wrote paddypower gives free £250 on free bet... wtf where is this there homepage says 50!
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  16. #106
    Registered User FuzzyMitts's Avatar
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    Originally Posted by Mathematics View Post
    Fixtheodds gives a good explanation but it is definitely better to do it manually. Fixtheodds doesn't always make you the most profit, and it misses out big offers. Last time I checked it had a paddy power £20 free bet offer, if you took this you would then never be able to take their £250 free bets offer!
    Ye but for the new folk doing a couple of offers on fixtheodds will help them grasp the principle alot quicker, as its often very confusing following something over a forum. THen they can dive in and do what they want.

    I like many have the problem of having already signed up to many of the prominent sites. However there are loads of obscures ones, check out 'betvictor'.
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  17. #107
    Registered User FuzzyMitts's Avatar
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    Originally Posted by JokaJJayy View Post
    Ok I'm gonna try this today...

    I see both ladbrokes and paddypower offer £50 free bet after you've made a bet.
    So I should pick a random game, £50 on one side using ladbrokes. £50 on the other team using paddypower?

    When a team wins, I basically get that free £50 to withdraw?

    What happens if theres a draw? I lose £100?????


    edit: just see you wrote paddypower gives free £250 on free bet... wtf where is this there homepage says 50!
    You need to place one bet with one bookermaker ie Ladbrokes/Paddy but you must 'lay' with Betfair. OP will verify.
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  18. #108
    Registered User Mathematics's Avatar
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    Originally Posted by FuzzyMitts View Post
    You need to place one bet with one bookermaker ie Ladbrokes/Paddy but you must 'lay' with Betfair. OP will verify.

    Yes ideally you lay with betfair, unless you find an event with only two outcomes like basketball after extra time. Tennis etc.
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  19. #109
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    Originally Posted by FuzzyMitts View Post
    You need to place one bet with one bookermaker ie Ladbrokes/Paddy but you must 'lay' with Betfair. OP will verify.
    I thought I understood all this jumbo till this post...

    Ok so one of the bets must be with a bookmaker, and the 2nd bet is ALWAYS with betfair??? Not sure what you mean by lay
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  20. #110
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    Labroke: man utn vs liverpool. man u to win at odds 11.10
    Betfair: man u vs liverpool. man u to lay is at odds of 2.08.

    is this a safe bet? should I bet on man u ?
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  21. #111
    Registered User MagicMata's Avatar
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    fuar, any aus brahs tried this?
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  22. #112
    Registered User Mathematics's Avatar
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    Originally Posted by Googooly View Post
    Labroke: man utn vs liverpool. man u to win at odds 11.10
    Betfair: man u vs liverpool. man u to lay is at odds of 2.08.

    is this a safe bet? should I bet on man u ?
    Yes bet £50 on ladbtokes
    Lay £51.72 on betfair

    You will lose 86p but then you will get a free bet later on when the match is finished. Can't remember how long it took I think it was about 24hours for the ladbtokes free bet to appear
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  23. #113
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    Originally Posted by JokaJJayy View Post
    I thought I understood all this jumbo till this post...

    Ok so one of the bets must be with a bookmaker, and the 2nd bet is ALWAYS with betfair??? Not sure what you mean by lay
    3 outcomes in football win,lose and draw.

    If you Lay 'Man United' you are betting on them to either Draw or Lose. So you back them to win on Paddypower and Lay them on betfair. After thats all settled you wait for your paddypower account to have the bonus credited and repeat in order to use your freebet and make some £.
    Sign up to fixtheodds.com it guides you through it step by step. At least do 1 or two, understand the process then you can do it yourself.
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  24. #114
    Registered User JokaJJayy's Avatar
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    Originally Posted by Googooly View Post
    Labroke: man utn vs liverpool. man u to win at odds 11.10
    Betfair: man u vs liverpool. man u to lay is at odds of 2.08.

    is this a safe bet? should I bet on man u ?
    Oh, so one site bet manu to win... on the other site bet manu to lay (lay = draw/lose?)

    Originally Posted by Mathematics View Post
    Yes bet £50 on ladbtokes
    Lay £51.72 on betfair
    Betfair only offer a free £20. So if bet manu to lay on betfair with the figures you just posted, I'll get a free £20 in the end?
    Whereas if manu win I'll get the a free £50 since ladbrokes offer 50??

    Sorry for all the q - just trying to get this right
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    Originally Posted by Mathematics View Post
    Yes bet £50 on ladbtokes
    Lay £51.72 on betfair

    You will lose 86p but then you will get a free bet later on when the match is finished. Can't remember how long it took I think it was about 24hours for the ladbtokes free bet to appear
    So on lad team 1 to win, on betfair team 2 to win or draw?

    Once we get the bonus we sign up in other sites and do the same?
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    Also remember betfair give a £25 free bet when you place a BACK bet at betfair.
    You can kill 2 birds with one stone, bet £20 on Boyle sports on the Carlisle match today to be 3.5 goals or more at 3.0. Bet £40 on betfair on it to be under 3.5 goals at 1.53. You then get a free £20 at Boyle sports and a free £25 at betfair!
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    Originally Posted by JokaJJayy View Post
    Oh, so one site bet manu to win... on the other site bet manu to lay (lay = draw/lose?)


    Betfair only offer a free £20. So if bet manu to lay on betfair with the figures you just posted, I'll get a free £20 in the end?
    Whereas if manu win I'll get the a free £50 since ladbrokes offer 50??

    Sorry for all the q - just trying to get this right
    Yes lay is the opposite of bet. Did u sign up to betfair through the site in op? If not that might be why you only get £20.
    You will get the £50 on ladbrokes no matter if they win or lose!
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    Originally Posted by Mathematics View Post
    Yes bet £50 on ladbtokes
    Lay £51.72 on betfair

    You will lose 86p but then you will get a free bet later on when the match is finished. Can't remember how long it took I think it was about 24hours for the ladbtokes free bet to appear
    ok will do but how did you workout the 51.72? just want to know. thanks brah.
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    nothing but a peppercorn Rambo26's Avatar
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    Originally Posted by Mathematics View Post
    You worry about that when you've signed up to 20 of them !
    I'm signed up to over 20 already

    All posts should be considered in the correct context, especially those in the Misc section.
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    Originally Posted by Googooly View Post
    ok will do but how did you workout the 51.72? just want to know. thanks brah.
    Site in OP has a link to calculator in get started section!
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