Matched betting

[pacman]

I got this on my email from some other forum - deposited £50 got £50 free bet stake returned so £100 at betfredbet £50 my money at betfred for chelsea to win £62.50 so profit of £12.50also layed chelsea at betfair for £18.19 to win £46.64 - 5% = £44.31so total spent £50 + £18.19 = £68.19so chelsea win i win £50 plus £12.50 so toal £62.50 won at betfred but lose at betfair so lose £18.19bet £50 so £12.50 - £18.19 = loss of £5.69but say chelsea lose so i lose £50 at betfred but win £46.64 - 5% commision is £44.31 back so still lose £5.69 either way now use stake returned free bet at betfred and bet £50 for chelsea to win to get £62.50 if they win then once again lay chelsea for £18.19 again to win £46.84 - 5% = £44.31 if chelsea loseso this time total spent is £18.19 cause the £50 is a free bet given to me by the bookmaker so chelsea win i win £50 + £12.50 so total £62.50 but lose £18.19 at betfair so £62.50 - £18.19 = £44.31 but also lost £5.69 on the last bet so £44.31 - £5.69 = £38.62 profit which u can then withdraw now same thing if chelsea lose i lose £50 free bet so not my money but get my £18.19 that i used my money and got in total £64.83 back including my stake of £18.19 so won £46.64 minus 5% commision which is £44.31 now take away the £5.69 u lost in the 1st bet so £44.31 - £5.69 = £38.62 which u can then withdraw so either way u make a guranteed profit of £38.62 easy money If i use this system here will i get £38.82 profit, im not fully understanding this matched betting thing. Also just checked betfred its saying stake is not retuned so i dont know how this works.

[Sir Puntalot]

Re: Matched betting

I got this on my email from some other forum - deposited £50 got £50 free bet stake returned so £100 at betfredbet £50 my money at betfred for chelsea to win £62.50 so profit of £12.50also layed chelsea at betfair for £18.19 to win £46.64 - 5% = £44.31so total spent £50 + £18.19 = £68.19so chelsea win i win £50 plus £12.50 so toal £62.50 won at betfred but lose at betfair so lose £18.19bet £50 so £12.50 - £18.19 = loss of £5.69but say chelsea lose so i lose £50 at betfred but win £46.64 - 5% commision is £44.31 back so still lose £5.69 either way now use stake returned free bet at betfred and bet £50 for chelsea to win to get £62.50 if they win then once again lay chelsea for £18.19 again to win £46.84 - 5% = £44.31 if chelsea loseso this time total spent is £18.19 cause the £50 is a free bet given to me by the bookmaker so chelsea win i win £50 + £12.50 so total £62.50 but lose £18.19 at betfair so £62.50 - £18.19 = £44.31 but also lost £5.69 on the last bet so £44.31 - £5.69 = £38.62 profit which u can then withdraw now same thing if chelsea lose i lose £50 free bet so not my money but get my £18.19 that i used my money and got in total £64.83 back including my stake of £18.19 so won £46.64 minus 5% commision which is £44.31 now take away the £5.69 u lost in the 1st bet so £44.31 - £5.69 = £38.62 which u can then withdraw so either way u make a guranteed profit of £38.62 easy money If i use this system here will i get £38.82 profit' date=' im not fully understanding this matched betting thing. Also just checked betfred its saying stake is not retuned so i dont know how this works.[/quote'] This is the worst post I have ever seen on PL.