[Misc] Any "Profit Squadders" Made Their First Million Yet?

[Jack Straw]

A year or so ago, there was a Profit Squad recruitment drive on here and some people signed up and got going on betting using some sort of fail-safe system. This has all gone very quiet now.
Is anyone still going on this? Any big successes? Any big failures?

 

[Is it PotG?]

I'm still hanging on Initiative Q.

One day......

 

[knocky1]

I'm on my way, 50p England Win 1st Test Chennai @4-1.

 

[beorhthelm]

was this arbitrage betting, or harvesting sign-on bonuses?

 

[bluenitsuj]

I got involved initially and although I made some money within about 6 months I got bored as it does become time consuming, in my opinion.

 

[Bozza]

was this arbitrage betting, or harvesting sign-on bonuses?

Matched Betting.

I made a reasonable 5-figure sum - I can't recall how much now - but I've not done any Matched Betting for ages so I have no idea what it's like now, and if there are sufficient offers to make it a worthwhile pursuit.

Cheltenham does tend to be quite rich pickings, and is only a few weeks away now.

 

[KeegansHairPiece]

I got involved initially and although I made some money within about 6 months I got bored as it does become time consuming, in my opinion.

Same here. I think you need to be wired the right way to devote time to it. Made a few hundred ££, but realised I wasn't wired that way to be equally motivated and interested. If you applied yourself in the right way, can see that it can work, but I think you have to invest time in spreadsheets and accurate recording of each bet and matched bet and in the volume you need to make those to make some proper money, it's actually quite a lot of work.

 

[Iggle Piggle]

A mate of mine devotes time to this and makes in the region of 18k a year. The downside is

1. Time, primarily at weekends when the bigger races are.
2. Getting accounts in your name shut down and finding it increasingly difficult to get a bet on. Bookies hate arbing as it attracts a load of business on one position that they don't want.
3. Access to funds if you are betting via a third party when 2 happens.
4. The nature of matched betting takes all the fun out of gambling if you enjoy a flutter.

This is all about to get a lot harder when affordability checks come in.

 

[Bozza]

A mate of mine devotes time to this and makes in the region of 18k a year. The downside is

1. Time, primarily at weekends when the bigger races are.
2. Getting accounts in your name shut down and finding it increasingly difficult to get a bet on. Bookies hate arbing as it attracts a load of business on one position that they don't want.
3. Access to funds if you are betting via a third party when 2 happens.
4. The nature of matched betting takes all the fun out of gambling if you enjoy a flutter.

This is all about to get a lot harder when affordability checks come in.

Re: 4 - that'a pretty much the point - you are not betting at all, just following a process that either guarantees profit for each task or, for the risk of a few pennies, provides a decent chance of profit.

What I did was use some of my MB profits to allow me to have regular punts, also hoping that these regular bets would help to disguise my MB activities and aid account longevity which, as you say, is the biggest issue.

 

[zefarelly]

I'm on my way, 50p England Win 1st Test Chennai @4-1.

Solid.

I put £1 on Burnley - BHA 1-1 @ 11/5 last weekend

this yime next year . . .

 

[Uh_huh_him]

I'm still matched betting.
Made around £30k over 3 years, but that includes casino offers, which are not risk free

The offers have dried up a lot since lockdown.
But there's still a few quid to be made.

 

[martin tyler]

I enjoyed it
Matched betting was good. If you follow that system you will make money but you won’t be making millions. Some EW dutching, Cheltenham festival offers, extra place offers, bet 365 winners offers ect all help to bump it up. Some days it was very time consuming for little money though. Generally still use the ideas and methods from it but on big events.
Casino offers and how to use them was interesting. Not risk free though and you had to be in a position that could lose you a lot to achieve 1 big win.
Overall made a bit of cash from it but I think you need to be very dedicated if you want to be raking money in from it

 

[Bozza]

I enjoyed it
Matched betting was good. If you follow that system you will make money but you won’t be making millions. Some EW dutching, Cheltenham festival offers, extra place offers, bet 365 winners offers ect all help to bump it up. Some days it was very time consuming for little money though. Generally still use the ideas and methods from it but on big events.
Casino offers and how to use them was interesting. Not risk free though and you had to be in a position that could lose you a lot to achieve 1 big win.
Overall made a bit of cash from it but I think you need to be very dedicated if you want to be raking money in from it

I think the path to real riches is multi-accounting.

If you can attack each offer 15, 20 or even more times then your profits are going to significant. And even if you don't attack each offer with every account, you're able to spread the bets around a lot more which will assist with account longevity.

I think my single biggest "win" was c£1,200 EWD on a Cheltenham race. There's no reason why someone with multiple accounts couldn't have done the same thing with each set of accounts, winning £10k or £20k or whatever.

 

[Iggle Piggle]

Re: 4 - that'a pretty much the point - you are not betting at all, just following a process that either guarantees profit for each task or, for the risk of a few pennies, provides a decent chance of profit.

What I did was use some of my MB profits to allow me to have regular punts, also hoping that these regular bets would help to disguise my MB activities and aid account longevity which, as you say, is the biggest issue.

I agree that (4) is the point. I've been to every Cheltenham festival since 2000 barring foot and mouth. My mate who does the MB will be up at 07.00 trading and racing round every bookies in the area placing cash bet after cash bet before laying a load on Betfair and then spending the hours after the racing going through a wedge of betting slips to cash in. He makes money for sure - on a good day a £1K a day - but he certainly earns it. I on the other hand, stagger up with a hangover, have a fry up with me other mate, place a few bets, Have a read of the RP and make my way to the pub or racecourse depending on the day of the week (Gold Cup day in pre covid times is hideous now and not worth the bother) whilst taking part in some of the more profitable free money the bookies throw our way. It's a much more relaxing day - albeit is often by far less profitable - but it's also a lot more fun cheering a winner home than looking at Betfair to find out if it was a good result or bad after the event and nothing gets weirder looks on course than cheering home the 5th place like a late Albion winner. Neither approach is wrong, it just depends what you are in it for. I just couldn't get on with it.

 

[sydney]

I agree that (4) is the point. I've been to every Cheltenham festival since 2000 barring foot and mouth. My mate who does the MB will be up at 07.00 trading and racing round every bookies in the area placing cash bet after cash bet before laying a load on Betfair and then spending the hours after the racing going through a wedge of betting slips to cash in. He makes money for sure - on a good day a £1K a day - but he certainly earns it. I on the other hand, stagger up with a hangover, have a fry up with me other mate, place a few bets, Have a read of the RP and make my way to the pub or racecourse depending on the day of the week (Gold Cup day in pre covid times is hideous now and not worth the bother) whilst taking part in some of the more profitable free money the bookies throw our way. It's a much more relaxing day - albeit is often by far less profitable - but it's also a lot more fun cheering a winner home than looking at Betfair to find out if it was a good result or bad after the event and nothing gets weirder looks on course than cheering home the 5th place like a late Albion winner. Neither approach is wrong, it just depends what you are in it for. I just couldn't get on with it.

i reckon i have given the bookies well over 100k in my life ......it's a mugs game , football , cricket , rugby is the way forward .....racing is dodgy as.

 

[Weststander]

I followed the great advice of NSC'ers in threads and pm's, and got going in August 2019. In the end I ran about 20 bookies accounts, plus Smarkets, Betfair and Betdaq+ for the lay bets side. I never got gubbed, I followed all the advice to avoid this.

If I'm allowed to mention this? I left PS and moved to oddsmonkey, I preferred their more modern interface.

It was satisfying to master the technique and also dabble in their methods on acca's.

But, in the end I got bored of it all very quickly. Once I'd gained on all initial offers, I found it tedious scrambling around through a process over a couple of days to gain £5 to £10.

So I gave up.


I'd add as a word of caution, a couple of NSC always warned about this, that simply having bookies accounts can entice you then into regular punting. After being a lifelong non-better, this happened to me to an extent. I made some spectular gains, but blew it all when my luck ran out.

 

[zefarelly]

Same here. I think you need to be wired the right way to devote time to it. Made a few hundred ££, but realised I wasn't wired that way to be equally motivated and interested. If you applied yourself in the right way, can see that it can work, but I think you have to invest time in spreadsheets and accurate recording of each bet and matched bet and in the volume you need to make those to make some proper money, it's actually quite a lot of work.

Sounds like Mrs Zefs ex, wanker banker, a walkng talking excel spread sheet only intereseted in numbers and particularly ones that have a $ in front, as dull as a grey turd in a dirty puddle on a dark winters day in Aberdeen. loads of money though.

 

[sydney]

I followed the great advice of NSC'ers in threads and pm's, and got going in August 2019. In the end I ran about 20 bookies accounts, plus Smarkets, Betfair and Betdaq+ for the lay bets side. I never got gubbed, I followed all the advice to avoid this.

If I'm allowed to mention this? I left PS and moved to oddsmonkey, I preferred their more modern interface.

It was satisfying to master the technique and also dabble in their methods on acca's.

But, in the end I got bored of it all very quickly. Once I'd gained on all initial offers, I found it tedious scrambling around through a process over a couple of days to gain £5 to £10.

So I gave up.


I'd add as a word of caution, a couple of NSC always warned about this, that simply having bookies accounts can entice you then into regular punting. After being a lifelong non-better, this happened to me to an extent. I made some spectular gains, but blew it all when my luck ran out.

yes mate , they are not in the business to give you money ......even if they take 20 quid off you a month thats 20 quid they wouldn't have had if you didn't give it to them ..

 

[zefarelly]

I followed the great advice of NSC'ers in threads and pm's, and got going in August 2019. In the end I ran about 20 bookies accounts, plus Smarkets, Betfair and Betdaq+ for the lay bets side. I never got gubbed, I followed all the advice to avoid this.

If I'm allowed to mention this? I left PS and moved to oddsmonkey, I preferred their more modern interface.

It was satisfying to master the technique and also dabble in their methods on acca's.

But, in the end I got bored of it all very quickly. Once I'd gained on all initial offers, I found it tedious scrambling around through a process over a couple of days to gain £5 to £10.

So I gave up.


I'd add as a word of caution, a couple of NSC always warned about this, that simply having bookies accounts can entice you then into regular punting. After being a lifelong non-better, this happened to me to an extent. I made some spectular gains, but blew it all when my luck ran out.

Luck or patience ?

genuine question, I'm guessing to make it pay you need to be fully focused and on top of it all the time.

 

[Tom Hark Preston Park]

i reckon i have given the bookies well over 100k in my life ......it's a mugs game , football , cricket , rugby is the way forward .....racing is dodgy as.

Reckon in the year or two to come, shares are where it's at. All that covid 'pent-up demand' is just sitting poised in the pipeline. Brewery shares, airline shares...