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How messed up is my life? i feel like an idiot
My life and online Casino's Hi there, my name is Kevin and i would like to tell you all my story. I started gambling online when i was 19, my very first cash out was 18,000 from Bet365, i was so happy that i could accomplish such easy money in no time by playing roulette, that i didn't look for a way out of that, after several more deposits and losses i self excluded my self by asking the casino to kick me out. I then went on to play on a website called Guts and won 80,000 this got me very excited and on to something new, after playing so much again i decided to self exclude my self. After that experience i started to loose more and more, and i would cash out 10k here and 20k there but not anything big like my mind wants. i started to take loans from two different fast loan companies and my bank and my family and friends. I don't care to read a book or watch a movie or do something nice with my family, all that goes through my mind is to gamble and make a better life for my family and other's around me. I do care for people a lot i just don't care for money my aim is to always hit a big amount as that's my dopamine like an addiction fuel. I recently had started with a new online casino called Trada, this was it i was excluded from most of the good ones and this was my final spot i thought. after loosing about 40k here in a year they would always credit me bonus money 1000$, 500$, 200$ and so on. After my bank roll got very low they started giving me lower cash bonuses of 50$ and 35$ well this one time they gave me $35 about 3 weeks ago i managed to bring it up to 36,000 and cash out 15,000 which i received in two days and bring the rest of it to $433,000. I end up going straight to the live chat and the agent starts to congratulate me and go crazy for me and assures me i would get paid, and says you have a monthly withdrawal limit of 15000$ how ever i could allow you an extra 5000$ today for this big win and sends the money off to me which i received i then asked him for a larger cash out as this was incredible money to me it would change my life he says yea sure we will discuss it with you tomorrow add me to whats app. After adding him to whats-app the very next day he messages me and says "It was noticed that unfortunately, you received a bonus that you played with and actually won thanks to this loyalty bonus of C$35 issued on the 3rd September." and goes on to say i breached there bonus terms which i had no idea about and basically the bonus terms say "Winnings received through the use of the free bonus (no deposit) or free spins shall not exceed €100. Any winnings which shall be made with the free bonus or free spins which exceeds the €100 maximum, shall be considered as nil, and shall not be recorded as winnings. Only the maximum winnings of €100 can be withdrawn by the Player subject to the terms specified in the Bonus Policy. " and they said that i should have never received the two cash outs but they don't want it back and then offered me a $500 free no restriction bonus that i could also cash out. anyway you could only imagine how i felt i argued for hours trying to say that's not fair and that they already cashed me some out and told me i won and it was only 35$ how could they do that to me after playing for so long and loosing so much. I was disgusted and upset and devastated. I then went on to another casino called Light Casino and i said to my self let me read there terms and everything which i did it also had terms of max cash out of $18,000 per month which i said was ok and more as you get higher levels. I went on Light Casino's chat and spoke to a guy named James, and asked him how much i could cash out monthly and he tells me 18,000 no issue i said fine i created my account and started playing. I turned 200$ this time to $133,000 i'm not joking and it was my cash money i go on to the chatroom and discuss cash out options and they tell me i have to cash out through my profile which is cool so i go to the cash out section and my only cash out method is Etransfer and it's $1000 per withdrawal so i fume and come back to live support and say im gonna need a bigger lump sump how can i cash out $1000 at a time, the agent proceeds to tell me that i can't cash out more then $1000 e transfer per every 3 business day's. I got extremely angry and mad i explained to him when i signed up i was told i could cash out $18,000 he said ya but in multiple transactions of 1k per e transfer per every 3 business days? basically saying you can never get your money making me extremely angry and i played it all(chasing the other 400k i dreamed of and being very stupid that is). ALL IN ALL guys i could say i have been scammed all my life, the only fair casino i played on was the guts one (im not encouraging you to go on it but they cashed me out 80k in two days). i feel like i want to kill my self, i don't know what to feel i mean i realize i'm a degenerate gambler and i need help big time but i don't think people who win should be taken advantage of like that and lied to and cheated! tdlr; i won 430k, and they basically wanted to give me 100$ saying they already gave me to much.
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At my most recent Problem Gambling Support Group meeting via Skype (the same one posted on here weekly) it was my turn to do a therapy session. This is my journey from starting gambling until now. I thought it would be worth sharing here as someone may get something from it. It is a bit of a long read. My name is Mark and i’m a compulsive gambler. My last bet was April 2nd 2019. The day of April 2nd was a massive turning point in my life, it was the day I finally admitted to my long term partner, who is the mother of my two children, and to my parents that I was a compulsive gambler and needed help. The weekend prior was when I finally said to myself I’ve had enough, I had been betting for 14 years and it had beaten me so badly that I was a mess mentally and financially. Although no one knew that because I was an expert at hiding it. I started gambling like almost anyone in the UK or Ireland, The Grand National. The one day of the year where it seems like every man, woman and child has a bet on. The biggest horse race in the world. That and those glorious holidays spent in Portrush playing the 2p machines (penny fall machines). I don’t for one second blame those experiences for my gambling problem, they are just my first memories of gambling. One really vivid memory I have of gambling was when I was begging my dad for the latest Official Playstation Magazine, the one with the demo disc, and he was just sitting down to watch England play against someone and said to me “if Paul Scholes scores the first goal I will get you the magazine.” Now, I know for a fact win or lose my Dad would have gotten me the magazine, he just said that so I would give him peace to watch the match. Well I remember watching the game with him hoping with all my might Paul Scholes would score 1st and he did. That adrenaline rush, even at a young age (I was 13 years old at most I would say) was unbelievable. Now, again, I am not blaming that for my gambling addiction at all, it is just one of my first vivid memories but that mentality of gambling to get something I want for free would be a regular pattern throughout my gambling career. Once I turned 18 I opened my first betting account with Blue Sq and that started my online sports gambling journey. Friday nights were spent betting on Wolverhampton all weather horse racing and the Dutch and French 2nd Divisions. All harmless fun, controlled gambling, small stakes. I was still working part time at this stage, left school that summer and gambling was not in the way. Once I got my full time job though that all changed. The first time I could put my finger on when my gambling changed was the first day of the 2008/2009 football season. I’d been working full time for about 3 years and my gambling was still under control, well, at least I thought it was. My stakes were still low and I was doing football bets at the weekend for a bit of fun. I gambled, but it wasn’t causing me any issues. That Friday I walked into a Paddy Power and decided instead of placing a load of stupid football bets for £1 or £2 I’d pick three teams for the season and do a £20 treble each week. Sheffield United, Leicester City and Leeds United were the picks. Of course, the first weekend it landed (the only time it landed all season I think) and my betting changed from that moment. I genuinely can’t remember the odds but I must have lifted over £100 from that £20 stake and after that staking £1 or £2 just wasn’t appealing. What was the point in that when I could stake £20 and win more. From that moment my gambling started to get out of control over time. Then came the loans, the credit cards and the payday loans. At some point around this time I had opened a spread betting account due to a sign up offer. Now I did not have the first clue about spread betting but the offer was they gave you a free £100 or something to sign up so I did. I was still living at home at the time and we had one computer which everyone used. Well my Dad stumbled upon this website and was able to access the account (he’s not technically minded so I imagine I left it logged in) and he seen the betting history and he went mental at me. Now, I did explain that it was just bonus funds and I hadn’t actually deposited any of my own money but still the lecture came. It felt like a lecture at the time to me but he was just warning me of the dangers of gambling. Giving me examples of people he knew who had a problem and how easy it is for a gambling problem to begin. So I can never turn around and say that I wasn’t aware of the dangers, I was, my ego was just too big to listen. I paid lip service to the lecture and said I wouldn’t do it again and my Dad took me at my word and trusted me. So, I knew early on I had a problem. I self excluded from places over the years but never really wanted to quit. I was getting in debt but was able to continue with my lifestyle as I was living at home. I remember one day going to a cheque cashing place where I could write a cheque for £100, dated on my next payday, and they’d give me £90 there and then. I did two cheques for going out that weekend (and a couple of bets on the Aintree Festival) walked straight to the bookies and had the £180 on Denman to win the Aintree Bowl at even money. Denman was a monster of a horse, a machine. He could not lose...then he suffered the first fall of his career. Back I went to the cheque cashing place for another £90 so I could still go out that weekend. I wasn’t learning from my betting mistakes either as I was just borrowing more money to cover the cracks. I got a few debt consolidating loans over the early years to try and get a handle on my debt but it just gave me an excuse to take out more credit. The payday loans which I used to either gamble or cover my expenses for going out because I used all my money gambling. I would borrow money off my Dad and give him the puppy dog eyes when I paid it back and normally he’d only take half of what I owed him. He thought he was doing the right thing and he wanted me to have money to be able to go out with friends, I was just manipulating the situation. I moved out and into my friends house for a year and the gambling continued, although I had less money to gamble with. My credit rating was taking a battering but I was young and didn’t really care. Then I met my current girlfriend in February 2010 and we moved in together that September. The gambling continued and was getting worse. I made the smart move to get a second job to supplement my gambling…...at a greyhound track. I’d be earning about £20 a night but gambling £60 or £80. Insanity. We had our first child in April 2012 and not long after she found out I’d be gambling some of the money we’d saved. It wasn’t a lot of money, but she was pissed (rightfully so). I managed to talk my way out of it and that was when I became really good at hiding things. She took control of the rent money and any money for our son so that was never in danger thankfully. We had our daughter in 2016 but the gambling still continued. It may seem like I have glossed over an important period of time there but the truth is I can’t really remember any of the details. The only details I am able to recall with any great clarity are coming up but I just want to touch on a couple of things from this period. This was a time when I had the biggest wins of my gambling career, two separate occasions. One was an insane run of luck where I couldn’t lose all weekend and ended up with enough money for me, my partner and our Son to have our first and only foreign holiday. Another time I had a £5 free bet and landed a treble at Sandown, all Gary Moore horses and won £3.5k. That money went towards decorating the nursery for my soon to be born Daughter, my partner got money, my Mum and Dad and her Mum and Dad. I bought a PS4 and gambled the rest from memory. The two reasons these moments stick in my head isn’t just the amounts, it’s the only time I walked away in profit, at least for the sessions in question and the reason is that I told my partner I had won the money. That was the only way I knew I wouldn’t gamble it all away because she would ask questions if the money I promised didn’t materialise. Another part of this time period I want to explore is how I was emotionally. I was 25 when we had our Son and he wasn’t planned. It was a shock to say the least and my life, as I knew it anyways, changed. No longer was I able to do what I wanted socially, I had a Son to provide for. I was working two jobs, money was tight, was I still gambling? Of course I was but slowly I started to strip everything else out of my life. We had our daughter when I was 29 and to be honest here, as much as it sadeness me I thought this way I resented having kids, especially at that age. I felt trapped at times, people I knew were able to do what they want but yet I had all this responsibility. Don’t get me wrong, I loved my kids during this time as well and they meant the world to me, but I do feel that I got into the thought process that I was trapped because of them and my only escape was into the world of online gambling. I would go through phases where I’d stop altogether for months on end, a year at one point which I imagine was around the time my partner found out about me using the savings for gambling, but I’d always go back to it thinking I was in control but I never was. When gambling I’d deposit £10, lose it, deposit another £10, lose it, rinse and repeat until all my money was gone. If I won it just meant I could gamble longer. It was never about the money. I thought it was, but really the money was the fuel that could keep me gambling longer. Most months I was skint a few days after payday and couldn’t gamble until the next payday. It may not sound like a lot of money but it was a relentless cycle month after month after month. At the end of 2016 I got an overdraft of £2k and gambled it all on soccer all around the world. Woke up and started gambling in Asia, moved across the globe into the Middle East, Africa, Europe and then fell asleep betting on South American football. It was out of control. Betting on Egyptian football on Xmas Day a particular lowlight. This was what my gambling looked like when I had money. All these bets were in-play as that’s how I gambled, watching a little graphic on Bet365 and thinking I could predict what was going to happen. I also gambled heavily on tennis as well, picking a player to win a set 6-0 was one of my favourites. Generally I would start with £10 as I mentioned and if the bet won I would keep “investing” all the money until it got to a certain amount, normally a couple of hundred quid. Once I got to that point I would raise my stakes significantly because I would tell myself it wasn’t my money. It wasn’t if I didn’t count all the loses it took to get to this point over the previous few days. I would then gamble that until it’s gone cursing myself for not taking the money when I had the chance. Placing the last of my money praying to a god I don’t believe in that if he could just make this bet land then I wouldn’t bet again. Once the money was done I would just sit there, looking at my bank balance, the lack of money, the direct debits due to come out in a few days, trying to figure out how I would survive the next 3-4 weeks until payday. Then I would dust myself off and start working on some budgets. What direct debits I could bounce, who I could ask to borrow money from or maybe what I could sell to fund another round of gambling to try and win my money back. Coming into 2018 I was in a “good place” with gambling, or so I thought. I was Matched Betting which was a way of making money via bookmakers offers. It worked well for a few months but it all went to shit in the Summer of 2018. Matched Betting introduced me to the casino side of things and I lost £3.5k on roulette. I’ll not go into the ins and outs of how I had that sort of money, lets just say I didn’t and I found a way to deposit via direct debit on PayPal and of course those all bounced. Luckily Paddy Power rewarded me by making me a VIP customer after that, every cloud and all that. So I was chasing big style and getting free £50 bonuses each week from them but I could never get enough money to stop, because no amount was ever going to be enough. Their offers of Money Back if Horse X wins are normally £10 max refund, I was getting £100 max refund. Eventually I was running out of ways to get money and when I started to bet less with Paddy Power they removed my VIP status. I did win £1000 on an NFL bet and lost the lot on roulette the next week. Another lowlight. The win on the NFL followed by the lose on roulette sticks in my mind because visually it summed up how miserable I was. I had promised my partner back at the start of the year that we would get the living room redecorated and I would pay with it from my Matched Betting and she was happy with that. Of course I explained it was risk free and nothing could go wrong and it wasn’t even gambling. Anyways, come November we are due to have our living room redecorated and of course I do not have the money for it so I have to go to my Mum and Dad. I give them some sob story about how when I was Matched Betting I made a mistake, layed off the wrong horse and lost my money so could then lend me it and don’t tell my partner. It was a complete lie and to be honest at the time I didn’t think they had bought it but they lent me the money. Turns out when I told them about my gambling problem back in April they had smelt bull shit but my Granda (on my Dad’s side) was ill in the hospital and he was stressed about that so he just let it slide. So the redecoration was on and it was going to take a couple of days. One Monday night I had a bet on the NFL and it landed, £10 at 100/1. Happy days, I can give my Mum and Dad back their money, it’s nearly Xmas, this is amazing luck. So on Tuesday night I sat in my half decorated living room and thought if I could just win a little bit more then things would be even better so loaded up the roulette. I lost it all sitting in the living room and during it I could literally see what the money would be paying for but it didn’t stop me, nothing would stop me. 2019 I could feel myself struggling. My life was consumed with gambling or working out how to get money to gamble and then how I was going to pay people back what I owed them. I was in a bad place, I was a bad person, lying, angry but still no one knew the truth. January had always been a tough month as I run several NFL Fantasy Football leagues for money and I am in charge of the money. Of course, that was always gambled away by me and January was the month people expected pay outs because the season was over. Usually I would have won enough money in my leagues to cover it or convince people to pay for next year with their winnings that I could cover it. This year I could not and I had the added pressure of owing people money. A lot of these people were friends of mine I knew personally, others were people I had gotten to know over a few years and only talked online. Either way I had stolen their money and gambled it away. I managed to use my Granda’s death in January as an excuse for why I had not paid people yet, I was in a bad way with the funeral etc, all the excuses, the truth is I was just trying to buy more time. Then came the weekend prior to April 2nd. I had just been paid and deposited some money into my Bet365 account and managed to get my balance up to £910 on Friday 29th March. I should say by this stage I was fully gambling on tennis. Not match winner, that took too long, generally set winner or next game winner as that was quicker. Now this £910 would have cleared some of my urgent debts to allow me to continue on gambling. All I had to do was withdraw, and I was going to…...once I got it up to a nice round £1000. As you can guess I lost the lot. £300-£400 on Benoit Paire was one of the worst hits but I was gambling like a mad man. That was how I bet when I had winnings, the stakes got out of control. By the time I was leaving work at 6pm on the Friday the whole £910 was gone. I was betting on ATP, Challenger, ITF, any tennis that was on I was betting on it. Back in the day I remember betting on a tennis match where they had one ball. Still a story that brings a smile to my face if I’m honest. A smile that consists of a mixture of shame and cringe. That Friday night I deposited whatever I had left in and managed to win back a good chunk of the money, but it still wasn’t enough. It still wasn’t what I had before. So the whole weekend went like that, up and down, up and down. I went to a family dinner and sat betting on my phone the whole night. That’s how my life has been the last number of years, i’m present at gatherings, or nights out but my mind is deep in my phone gambling away not giving a shit about anyone. Eventually the money ran out that weekend. I was a mess. I could have actually made it work financially and gotten through the month but mentally I was gone. I could tell my brain had put me into a nosedive and the only way this was all ending was in disaster. Maybe not this month, or this year but I was being flown towards rock bottom. I sat down on the Monday and wrote out everything that I owed, who I owed it to, a budget going forward. It was grim enough reading, £18k in the hole. The money wasn’t the issue, it was how it was making me feel, the time I’ve been wasting. The fact that I finally couldn’t take anymore, that I was ready to wave the white flag and say gambling has won, it defeated me. I found out when and where the nearest GA Meeting was to me and wrote that down too. So I found a set of balls and on the Tuesday I told my girlfriend. My attitude was that life can’t be any worse for me than it currently is. I was a mess, I cried, I honestly expected her to tell me to get out and I wouldn’t have blamed her, but she was amazing. She was angry obviously, but she was so supportive. Then I called my parents round and told them. They were disappointed, confused but also really supportive. Then the next day I told my closest friends who were again all really supportive. I owe them some money too and they’ve been great about setting up a payment plan to pay that back. I can imagine some people saying that I didn’t hit rock bottom in comparison to others, I felt that way myself to be honest. I felt like I had gotten off lightly but looking back the cycle I was in was soul destroying and although I didn’t cause the devastation others have caused I knew I needed to reach out for help as I couldn’t do it on my own. I registered for GAMStop and self excluded online for 5 years which has taken the avenue of online gambling away from me. A vital step if online is your vice. I also handed over control of my finances to my partner which again removed another temptation. I’ve since learned in recovery that gamblers need 3 things, time, opportunity and money, take away one of those and you won’t be able to gamble. I took away two with these simple steps. I then went to my first GA Meeting on Wednesday 3rd April. The time doesn’t suit me for that, Monday at 9pm is my meeting but I felt I needed to get to one ASAP. I don’t know what I expected GA to be, some sort of church run cult filled with a bunch of old men desperate for a bet but it’s one of the most amazing groups I’ve ever found. It’s a dumping ground for all my shit and it’s a place where I can listen to other people’s stories. Without sounding sexist, it’s something a lot of men could do with outside of addiction, a place to talk about life and how they are feeling. I take a 50 mile round trip every Monday to get there. When I was gambling if I had to travel 50 miles to get internet to gamble you can guarantee I’d have travelled every day. When I leave a meeting I am buzzing, for all the right reasons. I’m a lifer when it comes to GA now and I am fine with that. I am also a member of the Problem Gambling Support Group and we run three meetings a week via Skype. This group has been so influential to my recovery and I have met so many good people I now consider friends through it. The topic meeting style is completely different to what happens at my own GA so it fits into my recovery perfectly and gives me a different perspective. I have a sponsor, who has had a massive impact on my recovery. He has helped me work the Steps and is always there if I need him. At times it’s hard to tell who is sponsoring who but that sort of dynamic works well for me as I see him as a friend first and sponsosponsee second. I have also found a passion for writing about my journey and post my stuff on my blog, on GamCare and on the Reddit Problem Gambling Sub. I have been told my stuff is very good and people seem to get a lot from it. As I explained at a recent meeting I am still learning how to deal with praise, it makes me feel awkward. I’m not sure if it’s from years of not wanting to be the focus of people's attention because of the fear they might ask questions and my addiction would be exposed. Whatever the reason I am working on being able to accept praise and enjoy it and as I was told at the last meeting...a simple thank you is usually enough. I’ve been clean for over 9 months now, and I have not struggled with urges to gamble. My life is amazing, it always was but I was too wrapped up in my addiction to notice. I literally had everything I could ever want. I have an amazing partner and two amazing children along with my parents who are absolutely fantastic. I have my health, a job and my friends are another support network I couldn’t do without now. They stood by me when I admitted my problem and they gave me the belief that I could do this. Recovery is now my focus along with my family. The debt can be managed, stopping gambling is one day at a time, but the main focus of my recovery will be fixing my character defects, helping others, being open and honest to people and not being a selfish asshole. I would like to think those that know me now can at least drop the selfish part when describing me. I have put plenty of work into my recovery and I feel like I am getting the benefits out of it. I have a routine when it comes to meetings and they don’t impact on my family life. Is every day amazing? No it’s not. Some days are rather boring and some days are tough, but that’s life. Some days you have to make chicken salad out of chicken shit. I have accepted what I am, I am a compulsive gambler and I need to be the one who changes. No one else around me needs to change, I am the common denominator. I have noticed a change in myself and those closest to me. They all seem happier, more content, happy to have this me in their life and not the old me. I wasn’t a nice partner, father, son or friend when I was in active addiction. I don’t want to be the person I was before I started gambling either because I am pretty convinced he was an asshole as well. I am using this recovery to become the man I want to be, the man I can look in the mirror and be proud to be. As I said, I have accepted that I am a compulsive gambler and I cannot have a single bet because it will lead me back to active addiction. I have no issues with the gambling industry or people who gamble, I just know that I am unable to gamble as it ends in disaster. I feel there should be more discussion around problem gambling and the industry should be putting more money into helping problem gamblers and to help identify problem gamblers. It’s a fine line though, as I know if a bookie told me they felt I had a problem and wouldn’t accept a bet I’d have been angry and just went somewhere else. You need to be ready for recovery to fully embrace it. I never was until April 2nd. For the people in recovery we need to be ready to help those that get to the stage where they are ready for recovery. We are the ones who these people will come to rely on as we’ve been through it, you can tell when talking to someone who hasn’t had a gambling addiction they just don’t understand. Over the coming years I think there will be a significant rise in people looking for help with problem gambling. I don’t feel like my story is close to the worst out there and I have read and heard some people who have the opinion that you need to cause devastation before recovery will work. That’s bollocks and that sort of attitude is why GA is filled with old men and young people are reluctant to stay. I have come to believe it doesn’t matter how much you have lost, how many relationships you have destroyed or what age you are, all you need is a desire to stop gambling and that is the qualification for entering recovery. For now though, for me, my next bet won’t be about the money I lose, I’ll lose my partner and my children as well and that’s not a bet that I am not willing to make. Mark
My Story My name is Mark and i’m a compulsive gambler. My last bet was April 2nd 2019. The day of April 2nd was a massive turning point in my life, it was the day I finally admitted to my long term girlfriend, who is the mother of my two children, and to my parents that I was a compulsive gambler and needed help. The weekend prior was when I finally said to myself I’ve had enough, I had been betting for 14 years and it had beaten me so badly that I was a mess mentally and financially. Although no one knew that because I was an expert at hiding it. I started gambling like almost anyone in the UK or Ireland, The Grand National. The one day of the year where it seems like every man, woman and child has a bet on. The biggest horse race in the world. That and those glorious holidays spent in Portrush playing the 2p machines. I don’t for one second blame those experiences for my gambling problem, they are just my first memories of gambling.Once I turned 18 I opened an account with Blue Sq and that started my online sports gambling journey. Friday nights were spent betting on Wolverhampton all weather horse racing and the Dutch and French 2nd Divisions. All harmless fun, controlled gambling, small stakes. I was still working part time at this stage, left school that summer and gambling was not in the way. Once I got my full time job though that all changed. The first time I could put my finger on when my gambling changed was the first day of the 2008/2009 football season. I’d been working full time for about 3 years and my gambling was still under control. I gambled, but it wasn’t causing me any issues. That Friday I walked into a Paddy Power and decided instead of placing a load of stupid football bets for £1 or £2 I’d pick three teams for the season and do a £20 treble each week. Sheffield United, Leicester City and Leeds United were the picks. Of course, the first weekend it landed (the only time it landed all season I think) and my betting changed from that moment. I genuinely can’t remember the odds but I must have lifted over £100 from that £20 stake and after that staking £1 or £2 just wasn’t appealing. What was the point in that when I could stake £20 and win more. From that moment my gambling started to get out of control over time. Then came the loans, the credit cards, the payday loans. I knew early on I had a problem. I self excluded from places over the years but never really wanted to quit. I was getting in debt but was able to continue with my lifestyle as I was living at home. I remember one day going to a cheque cashing place where I could write a cheque for £100, dated on my next payday, and they’d give me £90 there and then. I did two cheques for going out that weekend (and a couple of bets on the Aintree Festival) walked straight to the bookies and had the £180 on Denman to win the Aintree Bowl at even money. He suffered the first fall of his career. Back I went to the cheque cashing place for another £90. I moved out and into my friends house for a year and the gambling continued, although I had less money to gamble with. My credit rating was taking a battering but I was young and didn’t really care. Then I met my current girlfriend in the February and we moved in together that September. The gambling continued and was getting worse. I made the smart move to get a second job to supplement my gambling…...at a greyhound track. I’d be earning about £20 a night but gambling £60 or £80. Insanity. We had our first child in April 2012 and not long after she found out I’d be gambling some of the money we’d saved. It wasn’t a lot of money, but she was pissed (rightfully so). I managed to talk my way out of it and that was when I became really good at hiding things. She took control of the rent money and any money for our son so that was never in danger thankfully. We had our daughter in 2016 but the gambling still continued. I would go through phases where I’d stop altogether for months on end, a year at one point, but I’d always go back to it thinking I was in control but I never was. When gambling I’d deposit £10, lose it, deposit another £10, lose it, rinse and repeat until all my money was gone. If I won it just meant I could gamble longer. It was never about the money. I thought it was, but really the money was the fuel that could keep me gambling longer. Most months I was skint a few days after payday and couldn’t gamble until the next payday.At the end of 2016 I got an overdraft of £2k and gambled it all on soccer all around the world. Woke up and started gambling in Asia, moved across the globe into the Middle East, Africa, Europe and then fell asleep betting on South American football. It was out of control. Betting on Egyptian football on Xmas Day a particular lowlight. Coming into 2018 I was in a “good place” with gambling, or so I thought. I was Matched Betting which was a way of making money via bookmakers offers. It worked well for a few months but it all went to shit in the Summer of 2018. Matched Betting introduced me to the casino side of things and I lost £3.5k on roulette. I’ll not go into the ins and outs of how I had that sort of money, lets just say I didn’t and I found a way to deposit via direct debit and of course those all bounced. Luckily Paddy Power rewarded me by making me a VIP customer after that. So I was chasing big style and getting free £50 bonuses each week from them but I could never get enough money to stop, because no amount was ever going to be enough. Their offers of Money Back if Horse X wins are normally £10 max refund, I was getting £100 max refund. Eventually I was running out of ways to get money and when I started to bet less with Paddy Power they removed my VIP status. I did win £1000 on an NFL bet and lost the lot on roulette the next week. Another lowlight. 2019 I could feel myself struggling. My life was consumed with gambling or working out how to get money to gamble and then how I was going to pay people back what I owed them. I was in a bad place, I was a bad person, lying, angry, grumpy but still no one knew the truth. Then came the weekend prior to April 2nd. I had just been paid and deposited some money into my Bet365 account and managed to get my balance up to £910 on the Friday 29th March. I should say by this stage I was fully gambling on tennis. Not match winner, that took too long, generally set winner or next game winner as that was quicker. Now this £910 would have cleared some of my urgent debts to allow me to continue on gambling. All I had to do was withdraw, and I was going to…...once I got it up to a nice round £1000. As you can guess I lost the lot. £300-£400 on Benoit Paire was one of the worst hits but I was gambling like a mad man. That was how I bet when I had winnings, the stakes got out of control. By the time I was leaving work at 6pm on the Friday the whole £910 was gone. I was betting on ATP, Challenger, ITF, any tennis that was on I was betting on it. Back in the day I remember betting on a tennis match where they had one ball. Still a story that brings a smile to my face if I’m honest. That Friday night I deposited whatever I had left in and managed to win back a good chunk of the money, but it still wasn’t enough. It still wasn’t what I had before. So the whole weekend went like that, up and down, up and down. I went to a family dinner and sat betting on my phone the whole night. That’s how my life has been the last number of years, i’m present at gatherings, or nights out but my mind is deep in my phone gambling away not giving a shit about anyone. Eventually the money ran out that weekend. I was a mess. I could have actually made it work financially and gotten through the month but mentally I was gone. I could tell my brain had put me into a nosedive and the only way this was all ending was in disaster. Maybe not this month, or this year but I was been flown towards rock bottom. I sat down on the Monday and wrote out everything that I owed, who I owed it to, a budget going forward. It was grim enough reading, £18k in the hole. The money wasn’t the issue, it was how it was making me feel, the time i’ve been wasting. I found out when and where the nearest GA Meeting was to me and wrote that down too. So I found a set of balls and on the Tuesday I told my girlfriend. My attitude was that life can’t be any worse for me than it currently is. I was a mess, I cried, I honestly expected her to tell me to get out and I wouldn’t have blamed her, but she was amazing. She was angry obviously, but she was so supportive. Then I called my parents round and told them. They were disappointed, confused but also really supportive. Then the next day I told my closest friends who were again all really supportive. I owe them some money too and they’ve been great about setting up a payment plan to pay that back. I registered for GAMStop and self excluded online for 5 years which has taken the avenue of online gambling away from me. A vital step if online is your vice. I then went to my first GA Meeting on Wednesday 3rd April. The time doesn’t suit me for that, Monday at 9pm is my meeting but I felt I needed to get to one ASAP. I don’t know what I expected GA to be but it’s one of the most amazing groups I’ve ever found. It’s a dumping ground for all my shit and it’s a place where I can listen to other people’s stories. Without sounded sexist, it’s something a lot of men could do with outside of addiction, a place to talk about life and how they are feeling. I take a 50 mile round trip every Monday to get there. When I was gambling if I had to travel 50 miles to get internet to gamble you can guarantee I’d have travelled every day. When I leave a meeting i’m buzzing, for all the right reasons. I’m a lifer when it comes to GA now and i’m fine with that. I’ve been clean for 3 weeks now, and i’ve had no urges to gamble. My life is amazing, it always was but I was too wrapped up in my addiction to notice. I have an amazing girlfriend and two amazing children along with my parents who are absolutely fantastic. My friends are another support network I couldn’t do without now. I’m also a member of this sub (clearly) and they run a weekly meeting via Skype every Wednesday which is becoming part of my weekly routine (they are also adding an additional one on a Tuesday). Recovery is now my focus along with my family. The debt can be managed, stopping gambling is one day at a time, but the main focus of my recovery will be fixing my character defects, helping others, being open and honest to people and not being a selfish asshole. I have no issues with the gambling industry or people who gamble, I just know that I am unable to gamble as it ends in disaster. I feel there should be more discussion around problem gambling and the industry should be putting more money into helping problem gamblers and to help identify problem gamblers. It’s a fine line though, as I know if a bookie told me they felt I had a problem and wouldn’t accept a bet I’d have been angry and just went somewhere else. You need to be ready for recovery to fully embrace it. I never was until April 2nd. For the people in recovery we need to be ready to help those that get to the stage where they are ready for recovery. We are the ones who these people will come to rely on as we’ve been through it, you can tell when talking to someone who hasn’t had a gambling addiction they just don’t understand. Over the coming years I think there will be a significant rise in people looking for help with problem gambling. For now though, for me, my next bet won’t be about the money I lose, I’ll lose my girlfriend and children as well and that’s not a bet that’s worth making. Mark
Sports betting is very popular in our country at the moment. More people should understand how crooked bookmaking is and how morally questionable bookmakers are.
bet365 have a £20 Billion turnover with £213.8 million profit they're the biggest sports betting company in the world. Allow me to explain how sports betting companies like them make so much damn money, and why I believe it's an immoral system, which exploits human nature and punishes it. How bookmaking works: Sports betting is the act of placing bets on markets in sport such as football or horse racing, where the odds are set by bookmakers. These odds are based on the mathematical likelihood of events occurring - except that a significant portion of the probability is kept in favour of the bookies, to ensure profits regardless of outcome. For example:
Two identical football teams play in fair and unbiased playing conditions going to penalties in the event of a draw. Each team to win should have odds of 1/1 (even money) so 50% probability.
However a betting company would supply odds of 5/6 in this situation, with 5/6 being a ratio of money won: to money put on. In this example probability likelihood is proportional to money spent vs. money put on, so as a probability it would be 5 out of 11 parts so 45% likelihood. You can see straight away that the betting company is therefore making 10% profit for themselves in any eventuality. That's just football, in horse racing bookmakers can make gross profit of up to 90% because the more participants in a competition the easier it is to disguise the trick of odds setting, and make it seem like probabilities of events occurring when in fact the only certainty is the old adage "the bookmaker always wins." These markets then change based upon what punters back, the odds go in or out for each selection, but the bookmaker's slice of the pie is always maintained. Why is this bad? Obviously it's bad because it's addictive but we'll get on to that. It's bad on more mechanical terms because it's a very well disguised trick, and one that punters hardly ever truly understand the dangers of. The more times you play into a crooked system the less likely you are to succeed, for all your sporting know-how and for all your early successes the system will nearly always catch up with you. You see your friends facebook statuses talking about their big accumulator? Well the betting company sees their account history and it's heavily in the red. It's also highly addictive, the punter savours the wins, and feels intoxicated with the idea that they know more about it than your averge betting Joe. They're wrong. Your average power-bettor is a clever middle aged man who thinks he knows more than the other million clever middle aged men. They can't all be right can they? No, is the answer, however those early successes that they bragged about to their friends, they chase the magic dragon trying to recapture that early glory so they can finally quit for the month 'up on the bookies' unless they're keeping count, which is very depressing business', they often feel like the last win they had somehow recouped all their losses when in fact it barely scratched the surface. Instant deposit accounts and in-play markets will do that for you. Sorry for staring to heavily generalise but I can't help it. Why are bookmakers immoral? They're immoral because not only do they reap the harvest of this glorified carnival trick, they also add insult to injury by carefully and unscrupulously monitoring their customers. The best customers (the heaviest losers) are given bonuses as rewards for their repeated losses, with the heaviest losers being given the biggest rewards, this often comes in literal bonuses on their accounts. The worst customers (those that somehow manage to win in such adverse conditions) are treated with extreme prejudice and when they get to a certain ratio have their accounts analysed, their details monitored and passed to other betting firms. If you somehow win in betting you're a cheat - that's how the betting companies view you, you know things they don't know, you know too much. They restrict the amount you can bet as much as they can without alarming the customer, they'll just see the 'maximum stake' for a bet lower itself dramatically only on their account. In extreme cases they have their accounts closed, however this is a last resort. In the very worst cases and I'm talking Robert De Niro from Casino levels of betting prodigy - they're contacted and offered jobs as traders to ensure the system is kept in favour of the bookies at all costs. So not only are the odds stacked, the punters themselves are knee capped should they somehow succeed. Tips:
Only bet for fun, never for profit.
Only bet what you're prepared to lose.
Only seriously bet if you actually know specialist information about the sport you're betting on, not just that you've played Football Manager and have a hunch.
Take your friend's wins with a gigantic pinch of salt, as they're not telling you their losses.
Accumulators are the worst kind of bets relative to the probabilities involved. They favour the betting companies at a disproportionate rate the more bets you add to your accumulator. The returns of winning do not multiply in a way that offsets this.
Singles are the markets betting company's like least as the trick of bookmaking is disguised the least.
The above was obviously a simplification of bookmaking theory, infused with my own opinions. My background was as a Maths graduate working in a betting call centre for two years occasionally hearing grown men have emotional break downs. Feel free to do your own reading:
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I have been a matched betting enthusiast for years and now I am teaching it for free to everyone.
Hey beermoneyukers! After years working in my 9-5 job as a website developer for a large corporation I decided I could not face selling my soul any longer lols and packed in my job. Since then, I had a stint working as a freelancer whilst also making a healthy side income via matched betting. And over the past 9 months I’ve been building a website that teaches people how to do the same. There are a lot of websites out there that teach matched betting, but most require a monthly subscription and most have long articles that can be a bit dry and hard to follow. So instead, I built a website, Team Profit, that: Is completely free Uses animated video guides to teach people (link) Has infographics to accompany all video guides Provides step by step guides for 25+ bookmaker offer which will make you £600+ risk free (link) I have amended the video script over 50 times to try to make it as concise and helpful as possible, hopefully they are a good watch! Any feedback on the videos, guides, blog or anything else, please let me know, I spend every day adding new content and improving existing content. If you are thinking of learning matched betting and making £600+ risk free, please check it out! www.teamprofit.com
MEGA FAQs GUIDE TO MATCHED BETTING
The video guides I posted above will teach you everything about matched betting. However, I figure no harm in me writing down everything I know about matched betting in an FAQ style layout. Hopefully this will be useful to you. I have tried to answer every question as concise as possible / no rambling :D I have split the FAQs into the following sections:
INTRODUCTION 1) What exactly is matched betting and how I do make money risk free? 2) How popular is matched betting? 3) Does it involve gambling? 4) How much money will I need to start? 5) How much time will it take me to learn matched betting?
OFFERS & YOUR PROFIT 1) How much money can I make matched betting from the welcome offers (new customer only)? 2) How much is a free bet worth in actual cash profit? 3) After I have finished the Welcome Offers, how much money can I make matched betting each month from Daily Offers (existing customer offers)? 4) What type of Daily Offers are available?
BOOKMAKERS AND BETTING EXCHANGES 1) Which bookmakers have the best welcome offers? 2) Which bookmakers have the best offers for existing customers? 3) What is mug betting? 4) What is a betting exchange? 5) How do we use a betting exchange?
ADDRESSING COMMON CONCERNS 1) How sustainable is matched betting? 2) Will it impact my credit rating? 3) Do the bookmakers have terms to stop customers from withdrawing? 4) Do I need to know about sports?
WHICH WEBSITES TEACH MATCHED BETTING - YOUR OPTIONS 1) Where can you learn matched betting?
ADDITIONAL FAQS 1) Depositing and withdrawing 2) Sending identification documents Any questions that haven’t been answered please add a comment and I’ll add the FAQ and answer.
1) What exactly is matched betting and how I do make money risk free? There are more than 25 online bookmakers in the UK. In order to attract new customers, they each offer free bets, known as ‘Welcome Offers’. In total they offer over £800 in free bets to new customers. In order to receive the free bet, bookmakers require you to place your first bet. An example offer is ‘Bet £5, Get £20 free bet’. The risk is that you could lose both the £5 bet (your own cash) and the £20 free bet. By using a technique called matched betting, we remove this risk. This is because we match our first £5 bet on the bookmaker with a £5 bet on a betting exchange on the opposite outcome (this is known as a ‘lay bet’). For example, we bet £5 on Man Utd to win on the bookmaker, and £5 on Man Utd not to win on the betting exchange. As we have now bet on all outcomes, regardless of whether Man Utd win, draw or lose, we will neither win nor lose money. However, we have received the £20 free bet! With the £20 free bet, we can now repeat this process by betting on say Liverpool to win on the bookmaker and Liverpool not to win. This time, because we are using a £20 free bet but our winnings are paid out in cash, we will always make a profit. We repeat this process for 25+ bookmakers, one by one. In total we can convert the £800+ in free bets to over £600+ in actual cash profit, in very little time at all.
2) How popular is matched betting? Matched betting isn’t new and has been around since at least 2005. However, it is only since 2015 that it has really increased in popularity due to the rise of websites teaching matched betting. You can see this trend here: Google Trends Link By looking at the various matched betting sites popularity, a reasonable estimate is at least 25,000 people in the UK are matched betters. You can see a review of sites that teach matched betting in the ‘Which websites teach matched betting?’ section below.
3) Does it involving gambling? This is the most common assumption with matched betting. You’d be forgiven for thinking that it did involve gambling simply because the name ‘matched betting’ would suggest it did. However, matched betting does not involve gambling, you will never be risking a penny. Because we are always covering the opposite outcome occurring, there is never any risk we will lose money. Furthermore, we still receive the free bets which we will where we make our profit. The profitability and risk free nature of matched betting has been reviewed in the Daily Telegraph and the Guardian
4) How much will I need to start? You can start with as little as you want, however the lowest I would recommend starting with would be £25. With £25, you can start your first bookmaker welcome offer and make a deposit into your first betting exchange, meaning you can start making a profit. For more details, see this Starting with £25 guide. The downside, with only £25 you are restricted by having to wait for withdrawals before you can move onto the next offer. Therefore, I would say an optimal amount to have available for your cash flow would be in the region of £200 as this allows you to complete multiple welcome offers simultaneously.
5) How long will it take me to learn matched betting? To learn the principles of matched betting, it will take up to 20 minutes. To become familiar with completing your first offer, I would set aside another 30-60 minutes so you can take your time and ensure you are completing it correctly. For example, the video guides on Team Profit last a total of 21 minutes (8 minutes for the explainers videos and 13 minutes to watch the step-by-step real time example). Although they last just 21 minutes, some users watch certain parts of the video again to become comfortable with the process. It is very much recommended to avoid trying to learn matched betting by yourself. There are thousands of experienced matched betters who can help you. For more details on this, see the ‘Which Websites Teach Matched Betting’ section. If you need any help anytime, please do comment in this Reddit thread and I’ll help you out.
1)How much money can I make matched betting from the welcome offers (new customer only)? From the welcome offer, you can make approximately £1,000 cash profit. There are 25+ bookmaker offers available on sports for at least £600 profit. These are relatively straightforward offers and good value in terms of time to complete. It would take around 12 hours to complete these offers, which works around £40 / hour tax free. You can complete them over any time period you like. There are at least another 5 bookmaker offers, such as Bet365 and BetVictor, though these require more time, you could make around £100 to £200. They require more time because the bookmaker requires you to bet many more times before you can withdraw. Plus 20+ offers across casino and bingo, though some are not risk free and typically take more time to complete, but you should be able to make at least £200 profit from these offers. So overall, there is an easy £600 profit risk free, then up to another £400 if it’s worth your time to do them.
2) How much is a free bet worth in actual cash profit? A £10 free bet is worth between £5 to £8 in actual cash profit. The reason for the range is because the higher odds you choose for your free bet, the more actual cash profit you will make. For example, if you bet on a football team with odds of 2.0, the £10 free bet will convert to around £5 cash profit. Whereas if you bet on a football team that is unlikely to win, with odds of say 6.0, the £10 free bet will convert to around £8 cash profit. Note though, the higher odds you choose, the more you will need in your betting exchange account in case the bet wins. For a detailed explanation with examples, read this free bet profit article.
3) After I have finished the Welcome Offers, how much money can I make matched betting each month (from existing customer offers)? Anywhere from £100 to £1,000+ per month. Bookmakers continue to run free bet offers to retain their customers, I refer to these as Daily Offers. Daily Offers are typically less valuable than the welcome offers but still worth completing. For example, rather than ‘Bet £5 Get £20’ that they offer to new customers, they may instead run ‘Bet £20 Get £10’ and on a particular football match. I would say for people with a day job, aiming for between £300 to £500 a month is realistic. In terms of time required, for every hour you spend, you should make around £30 tax free. So to make £300 a month, expect to spend around 2-3 hours a week. I’d say to earn more than this, you will likely need to accept a lower hourly rate and do some of the low value offers too. If you are looking to make £1,000+, I’d expect you would have to be near full time and also be fortunate to keep your enough of your bookmaker accounts open for 12+ month period (what is mugging bet FAQ below).
4) What type of offers are available for existing customers?
Easy offers: The most common easy offer on football matches is Bet £20 Get £10 free bet. Many bookmakers run this offer, though it will usually be on a particular football match. The most common easy offer on horse racing is usually on SkyBet, who will run simple offers such as ‘Get £25 free bet if your horse comes 2nd or 3rd’. There are also easy casino offers, such as ‘£5 risk free’, where you spin on slots and hope to win, if you don’t they’ll refund up to £5 of losses. These offers can make you up to £300 per month (or £500 on a good month with European football) and are easy for those with a day job.
Harder offers: If you are looking to make more than £300 to £500 a month, then you will need to spend time on Saturday’s completing horse racing offers on Channel 4 racing and during the week too, though Saturday’s are the most profitable. Plus you will need to do more advanced offers such as football accumulator refunds, each way offers, though I will leave these aside given they could have their own separate thread :p If you’d like to understand where you can learn more about these offers, see ‘Which sites teach matched betting?’ FAQ below.
BOOKMAKERS AND BETTING EXCHANGE
1) Which bookmakers have the best welcome offers?
There are 3 formats of bookmakers welcome offers.
‘Bet £X Get £Y free bet’ - these are the most straightforward. Simply place your first bet and receive a free bet. This format of welcome offer, ranging from Bet £5 Get £20 to Bet £50 Get £50, is available on Coral, SkyBet, BetBright, Betfred, Paddy Power, BetStars, William Hill, Stan James, Betway, Ladbrokes, TitanBet, 32Red and MarathonBet.
‘Refunds’ (also known as Risk Free offers) - these are similar to Bet £X Get £Y free bet. The only difference is you only receive your free bet if your first bet loses, hence I refer to these offers are refund offers. This format of welcome offer is, ranging from £10 to £50 refunds, is available on Bwin, Dafabet, UniBet, Totesport, 188Bet, SuperLenny, Genting and 888Sport.
‘Multi Bets’ - these welcome offers require multiple bets to be placed before receiving your reward. It can take form of a bonus which requires to bet £X amount until you can withdraw any winnings, or the form of a cash reward once you have bet £X amount. This format of welcome offer is available on Bet365, BetVictor and some other bookmakers, however they often require such a large amount of betting that I haven’t included them in this list. The quickest to complete are the Bet £X Get £Y due to their simplicity, then the next best are the ‘Refunds’ offers. The Multi Bet offers can be very valuable (e.g. Bet£365’s offer is worth over £150 profit risk free) but can also require much larger deposits in order to place the bookmaker bets and lay these bets in your Exchange.
2) Which bookmakers have the best offers for existing customers?
Bookmakers vary in their level of generosity to existing customers. This is a little subjective, but in my opinion, this is the ranking of bookmakers for existing customers:
Best: Bet365 Bet365 run a £50 Risk Free offer most months (sometimes twice a month during popular football months) which is worth £35. It is very quick to complete (less than 10 minutes) so for £35 to £70, or around £500 a year, it is a great offer. Plus they have one of the best horse racing offers, up to a £50 risk free bet if your pick a winning horse with high odds. This is a profitable offer worth around £20-£30 a week, or up to £1,000 to £1,500 a year.
Second Best: SkyBet SkyBet run regular £5 to £25 free bet offers on horse racing and football, plus regular £5 risk free offers in SkyVegas.
Third & Fourth Best: Coral and Paddy Power Both these sites run regular horse racing, price boosts and football offers (Bet £20 Get £10 in particular), at least £20 to to be made on every week from these two sites.
Good: William Hill, Ladbrokes, BetStars, Stan James, Betway, Bwin, Betfred, Totesport, 188Bet, 888, BetVictor All these bookmakers run offer(s) each week so it’s worth ensuring you have completed the welcome offer for each of these sites so you can take advantage of their daily offers for existing customers.
3) What is mug betting? If you are only ever betting when you receive an offer, the bookmaker will no longer allow your account to receive free bet offers (this is known as being ‘gubbed’). To get around this, you should place ‘mug’ bets. ‘Mug’ bets are simply bets that a ‘mug’ punter would place. Mug bets include £1 accumulators (betting on several teams to win) and betting on favourites without an offer. Most advice suggests that for every offer you receive, you should place 2-3 mug bets. If you are gubbed, it does kinda suck when you receive the email, as you can no longer profit from the bookmaker’s offers. It is also becoming increasingly common as bookmakers are noticing more suspected matched bettors, due to its increasing popularity. My advice is to make money whilst you can and take sensible precautions to try to keep your account active. For more details, see this Mug Betting article
4) What is a betting exchange? A betting exchange is a marketplace for customers to bet between each other on the outcome of particular events. This differs from a traditional bookmaker because an exchange also gives you the ability to be the bookmaker yourself and take bets from other exchange users. Standard bookmakers generate profit by offering odds that are in their favour. Betting exchanges explained in terms of how they generate revenue is they charge a commission on any winnings a player receives. The two market leading betting exchanges are, Betfair and Smarkets. For more details, Betting Exchanges Comparison.
5) How we use betting exchanges? When matched betting, a betting exchange is used to place our lay bets (the opposite bet to our trigger bet). So when we place the trigger bet with the bookmaker on one outcome to release the initial free bet, we must also cover the opposite outcome so that if the bookmaker bet does lose we still win on the lay bet - making it risk free! Similarly when we are placing the free bet bet with the bookmaker we then lay off that bet using the exchange and because we’re using a free bet but being paid out in cash, this is how we turn free bets into withdrawable cash. We only ever use betting exchanges for lay bets.
ADDRESSING COMMON CONCERNS
1) How sustainable is matched betting? Matched betting over the past 6-9 months has become harder. Most bookmakers have realised they are thousands of matched betters taking advantage of their offers and so have either reduced the generosity of their offers or have made the daily offers more complicated. However, there is still intense competition between the bookmakers, meaning they will always run special offers to an extent. By spending a few hours a week, you can still make £300 to £500 a month, whereas in past year(s) this figure could have been £500 to £800. The biggest issue matched betters face is being ‘gubbed’. As explained in the mug betting FAQ, this is when a bookmaker restricts you from receiving free bets and bonuses. There are various theories as to how a particular bookmaker decides to to gub a customer. Reasons include taking up too many offers, winning a high % of bets, withdrawing regularly, placing bets far in advance or at irregular times. The truth is nobody really knows precisely why people gubbed. However, you can expect to get gubbed at some point from a particular bookmaker, it may be 2 months, it may be 2 years, it is hard to know. I really think though that everyone can make up to £1,000 from the Welcome Offers and at least £300 to £500 a month without any problems. I think the issues comes when you are making £1,000+ every month which sooner or later bookmakers will catch up that you are taking up a lot of offers. Having said this, some people say they have been making £1,000+ every month for years, so maybe it is possible if you are using a wide variety of bookmakers and consistently placing mug bets.
2) Will it impact my credit rating? Having betting activity on your bank statement does not impact your credit rating. The only thing to be wary of when making betting deposits and withdrawals is that it can affect your application for a mortgage. So if you’re planning on applying for a mortgage in the near future then I’d recommend using a separate bank account to that which you’ll be applying for the mortgage with.
3) Do the bookmakers have terms to stop customers from withdrawing? The vast majority of welcome offers do not have any withdrawal restrictions. A handful of welcome offers do but this will be state in the terms and conditions. It is much easier though to use a matched betting website as they will clearly highlight the key terms of each offer (see ‘Which websites teach matched betting’ section below). Casino offers will almost always have withdrawal restrictions, however for the matched betting welcome offers we are focusing on sports betting.
4) Do I need to know about sports? Not at all! You do not need a sports background or have any sort of betting knowledge, many matched betters do not know anything about sport or betting before learning matched betting. You may learn matched betting a little faster if you have sports betting experience but it really isn't important at all.
WHICH WEBSITE TEACH MATCHED BETTING - YOUR OPTIONS
There are 30+ websites that three key stages to matched betting: Stage 1) Learning matched betting Stage 2) Completing the Welcome Offers (for new customers) Stage 3) Profiting in the long term from Daily Offers (for existing customers) Below I have tried to cover the main sites that will help you with each of these stages.
In summary, I may be biased :p but I think the: Stage 1) and Stage 2) best approach is to use TeamProfit.com Stage 3) Join a paid membership site, either OddsMonkey.com, ProfitAccumulator.co.uk or ProfitMaximiser.co.uk to continue to make money from the Daily Offers.
TeamProfit.com(link) I really believe Team Profit is the best site to learn matched betting and complete the welcome offers, but compare us to the other sites and see what you think! Learn matched betting with animated videos (link) 25+ Welcome Offers using the step by step guides (link) A free Facebook group to provide help to you anytime you need (link).
MoneySavingExpert.com(link) The advantage of MoneySavingExpert is the sheer volume of content, covering all aspects of matched betting. The disadvantage of MoneySavingExpert it is not well structured as it is just one forum with a long lists of posts so it takes quite a while to find relevant threads and miss key information.
MatchedBettingBlog.com(link) The advantage of MatchedBettingBlog is the clear layout of the daily offers posted each day for with step by step instructions. It’s a good site to check to avoid missing the best and easier daily offers. The forum community also helps to post additional offers on top of those listed on the homepage, and also provides general advice on completing daily offers. The disadvantage of MatchedBettingBlog is it is relatively limited in terms of teaching matched betting and does not provide a clear list of welcome offers. Also, for those looking to make £500+ every month, it doesn’t provide any software to help with the more advanced types of matched betting with daily offers, such as horse racing refunds and accumulator refunds, that the paid member sites offer. Additional free matched betting sites include: Matchedbettingfree.co.uk (link)(Reddit thread link) Freebets4all.com (link)
Paid sites usually charge £15 to £25 a month. In return, they will teach matched betting, provide list of welcome offers and provide daily offers too. Additionally, most paid sites will also provide software that helps to make you more money plus save you time.
OddsMonkey.com (link | non) OddsMonkey charge £15 per month or £150 per year. They are the most well known provider of matched betting software. Earlier this year, they added the full range of matched betting services, so now they provide all of the below: Tutorial articles Welcome offer step by step guides Daily offers calendar Software: OddsMatcher, Horse Racing Refunds, Tennis Refunds, range of calculators and spreadsheet Forum The advantage of OddsMonkey is the exceptional value. They have the best range of software and tools for matched betters to maximise their profits, are consistently bringing up new tools at no added cost. At only £15 per month it is one of the best options to consider. The only disadvantage is the forum is not as busy as the next two options, ProfitAccumulator and Profit Maximiser. Though the forum is still a sufficiently active to ensure any questions have you are answered quickly.
Profit Accumulator (Link - Chazmer87's I don't have one | non) Profit Accumulator charge £23 per month or £150 per year Profit Accumulator helped to bring matched betting to the main stream with a highly active community. There are clear similarities between OddsMonkey and Profit Accumulator in terms of their high standard of software and offers. The advantage of Profit Accumulator is their very active community. There is a great deal of advice in virtually every aspect of matched betting and the information is all well structured. Plus they have a very good offers coverage. The only disadvantage to Profit Accumulator is the higher cost. The membership itself is £23 per month, plus their version of the Horse Racing Refunds software is £10 per month, or £115 a year. So in total you are paying £33 per month versus OddsMonkey’s £15 per month.
Profit Maximiser (Link | non) Profit Maximiser is run by the original matched betting guru Mike Cruickshank. Mike has been building software for matched betters for many years and has a very active Facebook Group. Each piece of software is sold separately, I believe the below is accurate, each have their own £1 free trials: Bonus Bagging £27 plus VAT - provides a list of all welcome offers and teaching (Link | non) Profit Maximiser £97 plus VAT - provides all daily offers (Link | non) Each Way Sniper £47 plus VAT - provides a horse racing betting system (Link) Accumulator Generator £149 plus VAT - provides a football betting system (Link) I believe Mike may have a couple more tools, if so I’ll edit this post if you could please comment / send me a message. The advantage of Mike’s products is that there is no monthly recurring fee, so if you intend to do this for many months, it may work out profitable to do so. Plus from what I understand their Facebook Group finds some lucrative casino loophole offers faster than other matched betting providers. The disadvantage of Mike’s products is that you have to buy each product separately rather than having it all within one simple account. Additionally, the total cost if you were to buy all 4 above listed products is £320 + VAT (total cost £384) whereas you could receive all these tools for £15 per month from Oddsmonkey. Having said that, Mike’s products do come with a £1 free trial, just be careful to cancel before the trial ends if you don’t want to continue. Additional free matched betting sites include: Yes Bets link Pure Profit link
1) Depositing and withdrawing To ensure you qualify for the Welcome Offer, use a bank card to deposit into your newly set up bookmaker account. Most sites will allow Paypal too though check the terms and conditions. If you use Skrill or Neteller, typically you will not qualify for the Welcome Offer (bookmakers have this rule to prevent fraud) but you can check the terms and conditions. Withdrawing is easy, you should receive your funds within 1-3 working days depending on the bookmaker.
2) Sending identification documents Occasionally, bookmakers may require to send in identification documents (passport or drivers licence for example) and a copy of your bank card. This is to prevent fraud. This usually happens if you are not listed on the Electoral Roll or there is a difference between your home address and billing address. Simply take a photo of the documents they ask for and email them back.
THAT COMPLETES THE MEGA FAQ GUIDE TO MATCHED BETTING!
If you have any questions, comments or suggestions, please do post a comment thanks!
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