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Matched Betting

OddsMonkey Challenge: Week 4 Summary – CHALLENGE FAILED!

[vc_row][vc_column css=”.vc_custom_1498427789377{border: 1px solid #cecece !important;border-radius: 1px !important;}”][vc_single_image image=”2579″ img_size=”full” alignment=”center”][vc_column_text]

Hi guys,

Week 4 of the OddsMonkey challenge finished on Sunday 8th of October.

I could have made my £1,500 target but I was too busy working on new things for the site and it was important I got the ‘Sports Trading for Beginners’ email course launched before going on my holiday to Portugal!

Another thing was my motivation wasn’t as high after I hit a big £600 win in Week 3 of the OddsMonkey matched betting challenge.

My total profit for Week 4 was…actually a loss of £19.96! This isn’t too surprising as I didn’t do a lot of offers, but also because it’s not odd to have the odd losing week or two with matched betting.

The important thing is that I made profit on each of the other weeks and over the long term this translated into a total profit of £1,347.55! Which is fantastic for a month’s ‘work’!

You can see my last week’s spreadsheet screenshot below.

  • Week 1’s profit: £398.06
  • + Week 2’s profit: £97.21
  • + Week 3’s profit: £872.74
  • + Week 4’s profit: -£19.96

Total profit so far: £1,347.55

In summary, the challenge was fun. It really pushed me to to do as much with my initial £500 bankroll and to use it in a smart way so as to not overstretch it. It goes to show that you can still achieve good profits even with lots of gubbed accounts – but you may need to define your strategy to achieve it![/vc_column_text][vc_btn title=”Get Your Free Trial with OddsMonkey” style=”3d” color=”warning” size=”lg” align=”center” i_align=”right” i_icon_fontawesome=”fa fa-mouse-pointer” button_block=”true” add_icon=”true” link=”url:http%3A%2F%2Fwww.sportstradingtools.co.uk%2Foddsm||target:%20_blank|”][vc_row_inner][vc_column_inner][vc_single_image image=”2773″ img_size=”medium” add_caption=”yes” alignment=”center” style=”vc_box_border” onclick=”link_image”][/vc_column_inner][/vc_row_inner][vc_column_text]Ps. You can follow me on Twitter to see my top tips for making the most from your matched betting.

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Categories
Matched Betting

OddsMonkey Challenge: Week 3 Summary – £872.74 Profit

[vc_row][vc_column css=”.vc_custom_1498427789377{border: 1px solid #cecece !important;border-radius: 1px !important;}”][vc_single_image image=”2579″ img_size=”full” alignment=”center”][vc_column_text]Hi guys,

Week 3 of the OddsMonkey challenge finished on Friday 29th of September and boy what a week it was!

I was starting to get a bit desperate as my lack of time was causing a hindrance to the amount of offers I was being able to complete (I’m working hard on a new ‘Sports Trading for Beginners’ email course that I’m launching on Wednesday 4th of October).

However, once again Casino offers saved my ass.

Casino offers have always been a mainstay of my Matched Betting and have provided most of my profits over the past few years. Some people think there’s too much risk in them, but there’s not – if you do them correctly. What do I mean by correctly? Well, a few things:

  • Think long term and realise it’s a matter of the Law of Large Numbers
  • Believe in Estimated/Expected Value
  • Wager on the right slots – anything with an RTP% (Return to Player %) of over 96% is good enough (you can check the RTP% of a slot by googling its name and added RTP% to the search)

With this belief, I hoped I’d be able to get at least 1 decent win this month that would bump up my total considerably. With a small bankroll I wasn’t able to complete some more of the higher value sports sign up offers – so I made a decision: Be willing to risk it all.

By this, I don’t mean throwing my money stupidly at any and every casino offer that came my way, but to do as many of the low-medium risk offers as I could. I was willing to walk away from this challenge have totally flopped at it or by giving it a go and hoping variance would be in my favour for the month.

I set my sights on a few offers – these included the raft of the Gamesys Group sign ups (Jackpot Joy, Heart Bingo, Monopoly Casino, Caesars Bingo and Starspins). These all provide excellent sign ups with £10 deposits getting you anywhere between 200-300% bonuses. Luckily, despite losing the full £10 deposit on 4 out of 5 of these offers I did get one decent win which covered them and more – a £110 win from Monopoly casino.

But the real star of the show this week was Grosvenor Casinos. They twice offered 50% deposit bonuses up to £20 on their Casino section but – here’s the great thing – there’s a loophole on Grosvenor Casinos whereby you can bet your initial deposit on the Sportsbook (allowing you to lay off on a betting exchange for a small loss) and it leaves your bonus funds completely free to use. So, in my case, I made a small loss on my qualifying bet (a couple of quid on Goteborg in Sweden) but now I had a free £20 to use on Casino! Excellent value!

Thankfully I hit one of those big wins – a huge £400 on the Lucky Wizard slot and then I took these winnings to another slot to grind out the rest of the wagering. I finished £641.15 up overall. Magical! (Images are at the bottom of this post)

So, for the duration of Week 3, I made a total profit of £872.74 – which is huge! Like I always tell people – believe in EV (Estimated Value).

  • Week 1’s profit: £398.06
  • + Week 2’s profit: £97.21
  • + Week 3’s profit: £872.74

Total profit so far: £1,367.51

 This means in my final week I’ve only got to find a total of £132.49! The challenge ends Sunday the 8th of October.[/vc_column_text][vc_btn title=”Get Your Free Trial with OddsMonkey” style=”3d” color=”warning” size=”lg” align=”center” i_align=”right” i_icon_fontawesome=”fa fa-mouse-pointer” button_block=”true” add_icon=”true” link=”url:http%3A%2F%2Fwww.sportstradingtools.co.uk%2Foddsm||target:%20_blank|”][vc_row_inner][vc_column_inner][vc_single_image image=”2638″ img_size=”medium” add_caption=”yes” alignment=”center” style=”vc_box_border” onclick=”link_image”][vc_single_image image=”2637″ img_size=”medium” add_caption=”yes” alignment=”center” style=”vc_box_border” onclick=”link_image”][vc_single_image image=”2639″ img_size=”medium” add_caption=”yes” alignment=”center” style=”vc_box_border” onclick=”link_image”][vc_single_image image=”2642″ img_size=”medium” add_caption=”yes” alignment=”center” style=”vc_box_border” onclick=”link_image”][vc_single_image image=”2643″ img_size=”medium” add_caption=”yes” alignment=”center” style=”vc_box_border” onclick=”link_image”][vc_single_image image=”2640″ img_size=”medium” add_caption=”yes” alignment=”center” style=”vc_box_border” onclick=”link_image”][vc_single_image image=”2641″ img_size=”medium” add_caption=”yes” alignment=”center” style=”vc_box_border” onclick=”link_image”][/vc_column_inner][/vc_row_inner][vc_btn title=”Get Your Free Trial with OddsMonkey” style=”3d” color=”warning” size=”lg” align=”center” i_align=”right” i_icon_fontawesome=”fa fa-mouse-pointer” button_block=”true” add_icon=”true” link=”url:http%3A%2F%2Fwww.sportstradingtools.co.uk%2Foddsm||target:%20_blank|”][vc_column_text]Ps. You can follow my daily progress on Twitter.[/vc_column_text][/vc_column][/vc_row]

 

OddsMonkey Challenge: Week 3 Summary – £872.74 Profit

[vc_row][vc_column width=”2/3″ css=”.vc_custom_1498427789377{border: 1px solid #cecece !important;border-radius: 1px !important;}”][vc_single_image image=”2579″ img_size=”full” alignment=”center”][vc_column_text]

Hi guys,

Week 3 of the OddsMonkey challenge finished on Friday 29th of September and boy what a week it was!

I was starting to get a bit desperate as my lack of time was causing a hindrance to the amount of offers I was being able to complete (I’m working hard on a new ‘Sports Trading for Beginners’ email course that I’m launching on Wednesday 4th of October).

However, once again Casino offers saved my ass.

Casino offers have always been a mainstay of my Matched Betting and have provided most of my profits over the past few years. Some people think there’s too much risk in them, but there’s not – if you do them correctly. What do I mean by correctly? Well, a few things:

  • Think long term and realise it’s a matter of the Law of Large Numbers
  • Believe in Estimated/Expected Value
  • Wager on the right slots – anything with an RTP% (Return to Player %) of over 96% is good enough (you can check the RTP% of a slot by googling its name and added RTP% to the search)

With this belief, I hoped I’d be able to get at least 1 decent win this month that would bump up my total considerably. With a small bankroll I wasn’t able to complete some more of the higher value sports sign up offers – so I made a decision: Be willing to risk it all.

By this, I don’t mean throwing my money stupidly at any and every casino offer that came my way, but to do as many of the low-medium risk offers as I could. I was willing to walk away from this challenge have totally flopped at it or by giving it a go and hoping variance would be in my favour for the month.

I set my sights on a few offers – these included the raft of the Gamesys Group sign ups (Jackpot Joy, Heart Bingo, Monopoly Casino, Caesars Bingo and Starspins). These all provide excellent sign ups with £10 deposits getting you anywhere between 200-300% bonuses. Luckily, despite losing the full £10 deposit on 4 out of 5 of these offers I did get one decent win which covered them and more – a £110 win from Monopoly casino.

But the real star of the show this week was Grosvenor Casinos. They twice offered 50% deposit bonuses up to £20 on their Casino section but – here’s the great thing – there’s a loophole on Grosvenor Casinos whereby you can bet your initial deposit on the Sportsbook (allowing you to lay off on a betting exchange for a small loss) and it leaves your bonus funds completely free to use. So, in my case, I made a small loss on my qualifying bet (a couple of quid on Goteborg in Sweden) but now I had a free £20 to use on Casino! Excellent value!

Thankfully I hit one of those big wins – a huge £400 on the Lucky Wizard slot and then I took these winnings to another slot to grind out the rest of the wagering. I finished £641.15 up overall. Magical! (Images are at the bottom of this post)

So, for the duration of Week 3, I made a total profit of £872.74 – which is huge! Like I always tell people – believe in EV (Estimated Value).

  • Week 1’s profit: £398.06
  • + Week 2’s profit: £97.21
  • + Week 3’s profit: £872.74

Total profit so far: £1,367.51

 This means in my final week I’ve only got to find a total of £132.49! The challenge ends Sunday the 8th of October.[/vc_column_text][vc_btn title=”Get Your Free Trial with OddsMonkey” style=”3d” color=”warning” size=”lg” align=”center” i_align=”right” i_icon_fontawesome=”fa fa-mouse-pointer” button_block=”true” add_icon=”true” link=”url:http%3A%2F%2Fwww.sportstradingtools.co.uk%2Foddsm||target:%20_blank|”][vc_row_inner][vc_column_inner][vc_single_image image=”2638″ img_size=”medium” add_caption=”yes” alignment=”center” style=”vc_box_border” onclick=”link_image”][vc_single_image image=”2637″ img_size=”medium” add_caption=”yes” alignment=”center” style=”vc_box_border” onclick=”link_image”][vc_single_image image=”2639″ img_size=”medium” add_caption=”yes” alignment=”center” style=”vc_box_border” onclick=”link_image”][vc_single_image image=”2642″ img_size=”medium” add_caption=”yes” alignment=”center” style=”vc_box_border” onclick=”link_image”][vc_single_image image=”2643″ img_size=”medium” add_caption=”yes” alignment=”center” style=”vc_box_border” onclick=”link_image”][vc_single_image image=”2640″ img_size=”medium” add_caption=”yes” alignment=”center” style=”vc_box_border” onclick=”link_image”][vc_single_image image=”2641″ img_size=”medium” add_caption=”yes” alignment=”center” style=”vc_box_border” onclick=”link_image”][/vc_column_inner][/vc_row_inner][vc_btn title=”Get Your Free Trial with OddsMonkey” style=”3d” color=”warning” size=”lg” align=”center” i_align=”right” i_icon_fontawesome=”fa fa-mouse-pointer” button_block=”true” add_icon=”true” link=”url:http%3A%2F%2Fwww.sportstradingtools.co.uk%2Foddsm||target:%20_blank|”][vc_column_text]Ps. You can follow my daily progress on Twitter.

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Matched Betting

OddsMonkey Challenge: Week 2 Summary – £97.21 Profit

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Hi guys,

Just a quick update this week as I’m out and about and writing this while on the road.

Slow Goings, But a Profit Nonetheless

Friday 15th to Friday 22nd of September was a  slightly slow week, but I’ve been able to do 6 sign ups in total and this has generated most of my profits for the past 7 days. I’ve had no luck with casino offers though and haven’t won a single penny. However, as I always say with Casino it’s about playing the longer term game and you can’t look at results on a daily or weekly basis. I don’t even recommend looking at them on a monthly basis but I’ve set myself this challenge and I’m just hoping that variance is on my side over the next 2 weeks.

My profit for the week was only £97.21.

  • Week 1’s profit: £398.06
  • + Week 2’s profit: £97.21
  • Total Profit so far: £495.27
[/vc_column_text][vc_single_image image=”2624″ img_size=”medium” add_caption=”yes” alignment=”center” style=”vc_box_border” onclick=”link_image”][vc_btn title=”Get Your Free Trial with OddsMonkey” style=”3d” color=”warning” size=”lg” align=”center” i_align=”right” i_icon_fontawesome=”fa fa-mouse-pointer” button_block=”true” add_icon=”true” link=”url:http%3A%2F%2Fwww.sportstradingtools.co.uk%2Foddsm||target:%20_blank|”][/vc_column_inner][/vc_row_inner][vc_column_text]Ps. You can follow my daily progress on Twitter.

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OddsMonkey Challenge: Week 1 Summary – £394.81 Profit

[vc_row][vc_column width=”2/3″ css=”.vc_custom_1498427789377{border: 1px solid #cecece !important;border-radius: 1px !important;}”][vc_single_image image=”2579″ img_size=”full” alignment=”center”][vc_column_text]

Wow. Where to begin? What a week! 4 days into the challenge I was starting to become concerned that I was already going to have to admit defeat in reaching the challenge target of £1,500 in 4 Weeks.

Things started off steady as I began following my Week 1 plan (outlined here in my OddsMonkey Challenge Preview blog) on Friday 8th of September. However, the major issue in the first weekend was most of my bets were winning into the bookmakers! Even a number of my free bets, which are best used at odds above 5.0, were winning into the bookies. This almost completely wiped out my Smarkets bankroll.[/vc_column_text][vc_btn title=”Get Your Free Trial with OddsMonkey” style=”3d” color=”warning” size=”lg” align=”center” i_align=”right” i_icon_fontawesome=”fa fa-mouse-pointer” button_block=”true” add_icon=”true” link=”url:http%3A%2F%2Fwww.sportstradingtools.co.uk%2Foddsm||target:%20_blank|”][vc_message color=”info”]Top Tip: One of my plans was to use combined liability when laying my free bets on Smarkets. For example, backing multiple outcomes in the same market – such as spreading your risk across a number of Correct Scores.

This improves cash flow as it means your liability gets shared between all the outcomes you’ve layed. I didn’t actually get to use this strategy, but it is a very useful thing to do if you have a large enough bank.[/vc_message][vc_column_text]The biggest nuisances were Hobro scoring a winning goal in the dying minutes and Metz somehow scoring against PSG (both on Friday), then Watford (who were 5.80!) securing all 3 points vs Southampton with two absolute wonder strikes on the Saturday. Then to top off a bad weekend, Lee-Chung Yong’s ill-advised back pass 3 minutes into the Burnley vs Crystal Palace game on Sunday meant that my Burnley bets also won.

The reason this was such a nuisance is because I’ve given myself such a tight bankroll of £500 and only a short timeframe to achieve this challenge. But with most of my bets winning into the bookies it meant I then had to wait for withdrawals (which usually take 3-4 days to arrive back into my bank account) before I could get going again.

Even though I had made a decent profit from all the sign ups I’d done this meant I would have to wait until Wednesday at least before I had any sort of significant amount that I could put back into Smarkets so I could cover any lay bets for completing new sign ups.

By the end of play on Monday I was £87.81 up. Not bad going considering I was only 4 days into my challenge, but I knew there was a significant speed bump in the road with my lack of bankroll to be able to continue completing the other sign ups I had planned on doing.[/vc_column_text][vc_row_inner][vc_column_inner][vc_single_image image=”2603″ img_size=”medium” add_caption=”yes” alignment=”center” style=”vc_box_border” onclick=”link_image”][/vc_column_inner][/vc_row_inner][vc_column_text]

The Bit of Luck I Needed

[/vc_column_text][vc_single_image image=”2604″ img_size=”medium” add_caption=”yes” alignment=”center” style=”vc_box_border” onclick=”link_image”][vc_column_text]However, late on Monday whilst I was having a check of the daily calendar on OddsMonkey, I realised there was a decent Bingo offer on at William Hill. I didn’t want to start doing Casino or Bingo offers in my first week – it wasn’t part of the plan. But in desperation I felt I had to try something whilst I waited for the withdrawals to hit my bank account. This offer was Wager £10 on the Twinkle slot through Bingo and get £5 free with 10x Wagering Requirements. This is a decent offer that could be repeated each day from Sunday to Thursday (unfortunately I had missed the Sunday).[/vc_column_text][vc_single_image image=”2605″ img_size=”medium” add_caption=”yes” alignment=”center” style=”vc_box_border” onclick=”link_image”][vc_column_text]On Monday I was – £7.08, on Tuesday I finished wagering with £9 profit but on Wednesday I hit a fairly big win and finished wagering with £92.20 profit. Thank f**k! On Thursday I ended up -£11.78 (I overstaked, oops!). You can see a screenshot of the decent win from Wednesday below:[/vc_column_text][vc_single_image image=”2606″ img_size=”medium” add_caption=”yes” alignment=”center” style=”vc_box_border” onclick=”link_image”][vc_column_text]Then there was the Coral offer on Champions League matches on Tuesday and Wednesday… Ah. This was just beautiful. It couldn’t have worked out much better.

I was fully aware walking into this offer and using the following strategy that I could lose £50 and gain absolutely nothing – giving me a real setback in my challenge. But because of my lack of bankroll for Smarkets I was forced into doing the offer using the Advantage Play strategy.[/vc_column_text][vc_raw_js]JTNDc2NyaXB0JTIwdHlwZSUzRCUyN3RleHQlMkZqYXZhc2NyaXB0JTI3JTIwc3JjJTNEJTIyaHR0cHMlM0ElMkYlMkZ3bHNtYXJrZXRzLmFkc3J2LmVhY2RuLmNvbSUyRlMuYXNoeCUzRmJ0YWclM0RhXzExNTFiXzMxY18lMjZhZmZpZCUzRDI1NzI2JTI2c2l0ZWlkJTNEMTE1MSUyNmFkaWQlM0QzMSUyNmMlM0QlMjIlMjAlM0UlM0MlMkZzY3JpcHQlM0U=[/vc_raw_js][vc_message color=”info”]

What is Advantage Play?

Advantage Play (or AP) is when the odds of an offer are in your favour mathematically. For example, if a bookie is offering a free bet refund if your selection loses then rather than matching your 1st back bet by laying it on exchange in order to guarantee yourself a profit you would just let it run its course and hope the bet wins.

If the bet does win then awesome – you’re quids in! If it doesn’t then you at least have a 2nd chance to win by placing another bet with the free bet refund. This gives you double the chances of making a profit.[/vc_message][vc_column_text]As this could be done on all 5 Champions League matches involving English teams I could have made a guaranteed profit of around £25-30 by laying the bets off on the exchange – but I would have needed to have had at least £200-250 in my Smarkets exchange to be able to do this. So, I used the Advantage Play strategy outlined above.

Thankfully, out of my all my bets I had some big winners as I placed the following:

  • Tuesday: Liverpool vs Sevilla – Liverpool HT/Draw FT (Placed just after Liverpool went 0-1 behind)
  • Wednesday: Arsenal vs Koln – Arsenal 2-1 and 3-1 Correct Score (Placed at half time when Arsenal were also 0-1 behind)
[/vc_column_text][vc_raw_js]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[/vc_raw_js][vc_column_text]The qualifying cost of these was £50 but these two big winners gave me back £310 meaning I profited by £260 for this offer. Result![/vc_column_text][vc_single_image image=”2607″ img_size=”medium” add_caption=”yes” alignment=”center” style=”vc_box_border” onclick=”link_image”][vc_btn title=”Get Your Free Trial with OddsMonkey” style=”3d” color=”warning” size=”lg” align=”center” i_align=”right” i_icon_fontawesome=”fa fa-mouse-pointer” button_block=”true” add_icon=”true” link=”url:http%3A%2F%2Fwww.sportstradingtools.co.uk%2Foddsm||target:%20_blank|”][vc_column_text]

Week 1 Results

By the end of play Thursday my total stood at £394.81. I’m absolutely delighted with this as my first week’s target was £250. This also means my bank now stands at £894.81 (£394.81 profit plus the original £500 starting bank) meaning I can complete more offers during Week 2 and not have to worry about my Exchange bankroll too much.[/vc_column_text][vc_single_image image=”2608″ img_size=”medium” add_caption=”yes” alignment=”center” style=”vc_box_border” onclick=”link_image”][vc_column_text]

Week 2 Plans

Throughout Week 2 I plan to continue completing more sign up offers (hopefully results will be kinder to me this time and more of my bets win into Smarkets!). I will also be doing any low-risk or medium risk Casino or Bingo offers that come my way, although I’m prepared for a slight downturn in variance as I admit I got very lucky in my first week! My target for Week 2 is £350 profit.

Ps. You can follow my daily progress on Twitter.

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Categories
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OddsMonkey Challenge: £1,500 in 4 Weeks? Preview

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Hi guys! Neal here.

So, I decided to set myself a challenge to earn £1,500 in 4 weeks from Matched Betting with OddsMonkey – a matched betting service I’ve been using for just over a couple of months now.

I’ve used another matched betting service provider since I started, but after using OddsMonkey for my review I genuinely believe it is the best one out there for anybody new to matched betting because of its:

  • Low monthly and yearly subscription cost
  • The amount of awesome matched betting tools it offers means it is great value for money
  • They are a very reliable and reputable service having been in the matched betting industry since 2011

If you want to follow along on my challenge you can sign up for a free trial with OddsMonkey, by clicking the button below:[/vc_column_text][vc_btn title=”Get Your Free Trial with OddsMonkey” style=”3d” color=”warning” size=”lg” align=”center” i_align=”right” i_icon_fontawesome=”fa fa-mouse-pointer” button_block=”true” add_icon=”true” link=”url:http%3A%2F%2Fwww.sportstradingtools.co.uk%2Foddsm||target:%20_blank|”][vc_column_text]

What’s My Background in Matched Betting?

I started matched betting around May 2014 so I’ve been at it a fair while and have made a lot of money from it. It has honestly been one of the most life-changing experiences i‘ve ever had. However, in June 2016 I started focusing my efforts on learning Sports Trading, and as the months went on I found myself less and less inclined to do any matched betting as I became obsessed with learning Sports Trading. (I’m a man and find it very hard to multitask, haha).

This meant that between pretty much November 2016 and now (Sept 2017) I stopped doing matched betting altogether. But now I have a reason to get back into it!

Why Am I Doing This Matched Betting Challenge?

I’m heading away to New Zealand in November and have a need to add to my savings before I land in the country. Whilst I know sports trading is going to take a while longer for me to become consistently profitable I thought I’d go back to matched betting for 4 weeks to make as much money as I can before I head off as it’s where I’m pretty much guaranteed consistent profits.

My Strategy

To be able to achieve £1,500 in the space of just 4 weeks (especially with so many sign ups already done and plenty of gubbings already handed to me) I’m going to have to have a strategy as to how to achieve this.

Here it is in all its (basic) glory:

My Bankroll

First up, I wanted to talk about my bank. I’ve settled on the idea that a £500 bank will be fine. Although this makes me a bit nervous as I’m used to having a much larger bankroll! This is why i‘ve outlined a weekly strategy that can be seen below because, quite simply, I’m going to have to put this bankroll to good use and use it in a strategic manner.

My Tactics and Weekly Strategies

For this challenge, I’ll be using Smarkets for their 2% commission. This will help me make a few pounds extra profit towards my £1,500 target due to the money saved in the 3% difference in commission between Betfair and Smarkets. Every little helps, right?

I’ve already signed up to Smarkets so their offer won’t be including in my sign-up profits, but if you’d like to follow along you can sign up to them and get £10 risk free, here:

Week 1: Bank Building – A Focus on Sign Ups

Target – £250 Profit

I’ve been at Matched Betting for over 3 years now and I’ve signed up to quite a few bookies. But there was a tonne I never done because I took advantage of the repeatedly good value in reload offers provided by the main ones like William Hill, Paddy Power, Bet365 and such.

Because of this I got lazy with doing sign ups, so I still have a load that I can do. I’ve estimated that the ones I have left are worth about £600 – so that still leaves me with £900 to make….

In the first couple of weeks I will be focusing on the smaller sign-up offers such as 188Bet’s Bet £10 get £20 in Free Bets, and 888Sport’s Bet £10, get £30 in Free bets as these will suit my bankroll. For example, I have never done 10Bet’s £200 Sign Up Bonus, but there’s no way I could tackle it in the first week with a £500 bank. I’ll have to wait until late in Week 3 to even think about attempting it as I’ll have to be confident I’ll have enough money in the bankroll to cover the potentially huge rollover.

You can see a full list of the sign ups I’ve already done at the bottom of this post. I’ve also provided a list of the bookies I’m already gubbed by and won’t be able to use for sports offers (although some still allow me to do casino offers).

Week 2 – More Bank Building Through Sign Ups and Introduction of Casino Reload Offers

Target – £350 Profit

This will be more of the same as the first week – doing more sign ups. However, I may start introducing Casino reload offers if any come my way either through being sent promotional emails or if I spot any on the OddsMonkey daily calendar.

Throughout this challenge, I will only be focusing on low-risk and medium-risk offers as this is not the time or place to be trying to ride out the huge variance that comes with high-risk casino offers in a 4-week challenge.

Week 3 – Continued Bank Building, Introduction of Casino Sign Up Offers and Bingo Sign Up Offers, Plus Continuation of Casino Reload Offers

Target – £450 Profit

By this time, I’ll be able to take on some of the larger value sign ups that I have left to do, plus the ones which are a little more difficult due to the rollover wagering requirements stipulated in their T&C’s (for example, Royal Panda’s £100 sign up offer of which the OddsMonkey instructions for can be seen below).[/vc_column_text][vc_row_inner][vc_column_inner][vc_single_image image=”2586″ img_size=”medium” add_caption=”yes” alignment=”center” style=”vc_box_border” onclick=”link_image”][/vc_column_inner][/vc_row_inner][vc_column_text]Week 4 – Completion of Big Value Sign Ups, Continuation of Casino and Bingo Reload Offers and Introduction of Acca Offers

Target – £450 Profit

By this stage, this is where compounding will have hopefully worked its magic and my bankroll should be around the £1500 mark (Consisting of the £500 bankroll and the roughly £1,000 profit I’ll have hopefully have made).

This would allow me to take on the high value sign up offers such as 10Bet’s £200 deposit bonus. I will also continue doing the casino and bingo reload offers whilst also tackling a few Acca Offers (of which I’ve never done too much of before!)

The Rules

Finally, I want to lay down some rules as to what I’m allowed to and not allowed to do. I want to make it clear that I will not be doing offers multiple times through what is known as multi-accounting/gnoming. Because if I was, and I had a large enough bank I’d probably be able to make £1,500 in just over a week.

  • The challenge will run from today (Friday 8th of September until Sunday 8th of October)
  • £500 Bankroll where I cannot overstretch my liability (I have a way of being able to ensure I can make the most of this and I’ll be sharing this tip with you in Week 1’s post)
  • Can only use offers that I find on OddsMonkey’s website or forum
  • No Skrill
  • Must include a variety of offers – Accas, Casino, Sign Ups and Bingo
  • Finally, NO MULTI-ACCOUNTING/GNOMING. I will not be doing any offer more than ONE time with any bookmaker
[/vc_column_text][vc_btn title=”Get Your Free Trial with OddsMonkey” style=”3d” color=”warning” size=”lg” align=”center” i_align=”right” i_icon_fontawesome=”fa fa-mouse-pointer” button_block=”true” add_icon=”true” link=”url:http%3A%2F%2Fwww.sportstradingtools.co.uk%2Foddsm||target:%20_blank|”][vc_row_inner][vc_column_inner width=”1/2″][vc_column_text]Bookies I’ve Already Signed Up To:

  • Coral
  • Betfred
  • Ladbrokes
  • Pokerstars/Betstars
  • Skybet
  • Stan James
  • Sun Bets
  • William Hill
  • Genting
  • Paddy Power
  • Bet365
  • Bwin
  • Grosvenor
  • Smarkets
  • Betdaq
  • Virgin
  • Gala Casino
  • Betway
  • Betsafe
  • BetVictor
[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/2″][vc_column_text]Bookies I’m Gubbed By:

  • Ladbrokes (Just sports)
  • Skybet (Fully gubbed)
  • William Hill (Just sports)
  • Betfair (Just sports)
  • Bet365 (Just sports..I think, rarely used their casino stuff)
  • BetVictor (Fully gubbed)
  • Stan James (Just sports)
  • Paddy Power (Just sports)
[/vc_column_text][/vc_column_inner][/vc_row_inner][vc_column_text]Right then, let’s get cracking!

Ps. You can follow my daily progress on Twitter. 

Weekly Blogs:

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