Much of the recent feedback to these articles have asked me to divulge specifically how my weekly profits are made, rather than the somewhat vague communication that details the current promotional offers and my end result. I apologise for this and I’ll attempt to rectify this with a more thorough approach in this article. In saying this, the last week has not been my typical matched betting week.
Monday-Friday was all about the daily NBA action and Sportsbet’s 16up promo. Of all the games on this week (including weekend), only two hit the mark for me. Coincidentally these both happened on Thursday, the Nets and Jazz both overcoming 16+ deficits against the Hawks and Magic respectively. This earnt me just short of $250 profit combined, others could have had more or less depending on stake.
As we know, the odds are always in the bookies favour in regard to value. For those perhaps new to betting in general, bookies will often give around $1.92 for a 50/50 chance rather than the $2 odds we should really be getting. This means that although we are always matched betting with the exact right stakes, we are losing a percentage every time unless the promotion hits. How much we actually lose is obviously dependant on how much you are staking. Anyway, I lost just over $200 combined on all the small losses I took on the NBA every day throughout the week. This meant that the NBA promotion wasn’t really worth it for me this week given I made a little less than $50.
The BBL offered me very little this week given I’m banned from Pointsbet, BetEasy didn’t have many double winnings and Palmerbet’s score 180+ and lose promo is almost pointless. In fact the only good thing was the Stars v Strikers game on Friday night where the Stars won the powerplay but lost, returning a $50 bonus bet on Madbookie.
Due to being busy during the weekdays, I also failed to capitalise on a number of the Horse Racing promos that were possible during the week. Although I was able to make just over $100 in turning over a few acquired bonuses from the previous week, it was overall a lean Monday to Friday that had me itching for Saturday racing.
I decided to take a different approach to what I would usually do for the big day of Racing action at Flemington, Randwick and of course the Magic Millions on the Gold Coast. I will preface this by saying that the following is not traditional matched betting, is not risk free and as always, each individual should remain responsible for their own betting activity. In saying this, in discussion with the admins of this site, we agreed that any new knowledge can always be seen as beneficial to you the reader.
The strategy is this – ‘If there are two bookie promotions on the same race with two clear favourites, back these two horses without laying’. Let’s take a look at an example from the weekend.
Gold Coast Race 6
$50 on Manicure @ approx. $2.80 (Sportsbet)
$40 on Invincibella @ approx. $4.20 (TAB)
The third favourite was paying $9 meaning that this race was within the parameters for this strategy. That is that one horse must be paying under $3, another under $5, and all others above $8. If these guidelines aren’t met then back and lay as a matched bettor traditionally would. Invincibella won the race whilst Manicure came second, leading to a $78 profit and a $50 bonus bet.
FYI – Gold Coast races weren’t originally a Sportsbet promotion however I received a text with an exclusive offer on races 1-6. Hopefully many of you also received this.
I bet on 11 total races throughout Saturday at Flemington, Randwick and the Gold Coast. Nine of these were using the strategy above whilst two were using the traditional back and lay method. The overall result was a $208.45 profit with $235 worth of bonus bets accrued, certainly a solid day in anyone’s language. However, this is just one day of using this strategy and only time will tell if it’s worthwhile in the long run.
With the bonus turnovers my profits for last week ended at $523.65, very similar to last week’s results. With a huge Monday already behind me, I’m hoping for massive profits this week!