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Adam last won the day on November 10 2020

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  1. Hi @Felicity Banks and @Profitmaster321 glad you could both join us, We'll be in touch more in the next couple of days to ensure you are super successful. It's a friendly and helpful bunch around, just a very busy matched betting day for many!
  2. Hi @Orla Redmond welcome to the community, Have you done any matched betting before?
  3. Hi @Schisa222 Welcome to the matched betting community. Bookies are no longer allowed to advertise welcome bonuses as an incentive to get customers to join. Our pro members share with each other their experiences of which bookies are offering what bonuses. Letting you know if it is worth waiting for a better offer or to take what is given straight away. You can check all the latest information out if you go sign up to Bonus Money Pro https://community.bonusmoney.com.au/index.php?/forum/7-bookmaker-welcome-bonuses/
  4. Pleasure chatting with you @lifebeinit, I'm sure give it a few weeks you will be smashing it with other members. Check out a few of the matched betting diaries including @Armypies007 https://community.bonusmoney.com.au/index.php?/forum/26-matched-betting-diaries/ to see how others are scoring profits each and every week.
  5. Hi @KA-17, I'm looking forward to chatting with you later and helping you to your first matched betting profits! Adam
  6. Great advice thanks @brando3636
  7. What a start @DavidA well done mate. Matcha certainly is a useful tool and in time you're going to find it easier in the 5-10mins before the race starts. Horse racing offers can be so lucrative. Keep at it and if you need any help let us know.
  8. Hi @Bree welcome to the matched betting community. Yeah we are able to help with all things +EV There are many sharp minds in the pro community who are very generous with the information they share.
  9. Hi @scooter, I've sent you a link if you want a quick one on one training with the Matcha. To answer your question. Yes a lay bet means any other result other than the outcome you are laying and that bet will win. You can think of it like being a bookmaker where you are taking someone else's bet. In a horse race if you layed a horse called 'Seabiscuit' for $100 at odds of 5 then if any other horse wins your lay bet of $100 wins. You profit $100 minus the Betfair commission. If 'Seabiscuit' wins then you would have to pay out the liability for that bet which would be $400 ((odds - 1)* by your stake) So the same would apply on a soccer bet. Any outcome other than your lay (e.g the other team or a draw) and your lay bet wins.
  10. Hi @scooter, welcome aboard the community. The offer can definitely be used in conjunction with a welcome offer. How comfortable are you at using Matcha?
  11. Boom congrats @MakeItRain We are looking forward to helping you make your first matched betting profits! I've shot you a message so we can tee up a time to go through making a profit from an ongoing promotion
  12. Hi @cambo6torres welcome to the matched betting community. Once you're ready to get started profit making complete this short survey and we'll help you through the next steps. https://bonusmoney.com.au/getting-started/
  13. Congrats @DavidA please reach out if you need any help
  14. Hi @mun_muns that's a great question. A bookmakers odds have a margin (how they make a profit) so they don't reflect accurately the chance of the outcome occurring. Betfair have shown that their SP reasonably accurately represents the chance of a horse winning. https://www.betfair.com.au/hub/betfair-starting-price-bsp/ The Betfair Back and lay prices are the prices you can take currently to back and lay. In a very efficient market the price may be 2.76 to back and 2.78 to lay. So using either of those figure or a figure in the middle of those would make little difference to your EV calculation. We err on the side of caution and under value our EV than over estimate. In the case above it would make little difference. But if you were using something like a greyhound market with little liquidity you may find the back brice is 3.2 and the lay price is 4.2. If you used the back price as the chance of that dog winning you may be overestimating it's chance. The lay price is the price you can effectively take so by using that in your calculations you are using figures that reflect what is currently available. In that case the true price may be somewhere in the middle, but also in inefficient markets there is plenty of opportunities for the price to move around quickly. Let me know if you have any more questions Adam
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