The Footy Trader

How to trade on football markets on a betting exchange

Browsing Posts tagged bookie

I had matched bets trades working on both of these games today and the plan all came together. Seeing as Spain is my team in the Championship too seeing as I live here in Spain and England is not in there.

I had a free tenner from Euro Bet and I used WInUnited for the other one. I actually got a free bet of 50 Euro at WinUnited – It was supposed to be 50% which would have been 30 Euro but I think they made a mistake. Didn’t matter to them in the end as I lost the bet there anyway. Which was in fact part of the plan. I had lay bets on at Betfair covering the back bets so, every one should be happy at the end of the day, WInUnited is €60 up from my deposit and I have a good percentage of the free money effectively cashed out via the lay bets at Betfair.

I will have to have a look to see what offers are available for tomorrows games and see if we can keep this thing going.

Had the matched bets running on 2 games and on bot of them the money ended up on the bookmaker side. It is easier for me if the money goes into Betfair but thats the way it goes. I have put some extra cash into betfair so that I can do some more matched bets. At the moment I have backed the draw with the Palermo vs Juventus game. It was 2-0 to Palermo at half time but now Juventus have scored. So things could go the same again with the money ending up in Win United.

The thing is that before I can withdraw from WinUnited the money has to turn over 5 times. Seems quite harsh and is going to work better if I can lose the money there and cash it out in Betfair. I may have to add more money to Betfair again or just work it in small chunks into Betfair. The matched bet this evening is for 30 euro. You get more of the money through if you can get odds that are closer, also by using higher odds and   that requires more money in Betfair to cover it.

Still all in all it is working out well because the money is stake returned money which is better value. In fact I got the 30 euro free money direct into the account in WinUnited.