As followers of black gold will know- the oil and gas industry has a tendency to (every decade or so) shit the proverbial bed.
Whilst going through the formalities of a 2016 redundancy round. (oil at 25 USD/bbl) I came across Matched Betting…
They say necessity is the mother of invention and after applying for work at the local cycle shop, Lidl, Aldi and the Royal Mail sorting office. I was down to something like a last resort.
Let’s break it down. Essentially, the matched bit comes from covering your bet over at the exchange-this to the initiated is know as laying.
Say you bet on Manchester United to beat Manchester City in the local derby at Coral. Over at Betfair you would pay the bet staking on a draw or defeat for the reds. You make your bank from the sign up offers which bookies us to entice suckers/ punters onto their platform.
Once you get your spreadsheet game in order its as simple as rinse and repeat. BetFred, Coral, PaddyPower, SkyBet the list goes on…
Word to the wise prepare to be on the bookies email list and likely GCHQ’s until the next Millennium.
Pro tip – setup a separate email address for your Matched Betting antics. This form of compartmentalisation also works for bank accounts ..to funnel your ill gotten gains into…(!)
Matched better us just another form of arbitrage.
My experience was to finish up a couple of grand. A squeaky bum moment when a wager with Bet365 went array. I ended up having £300 in the wind until Galatasary scored in the dying seconds against Anderlecht.
Who knew gambling could be so much fun. 😅
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