Matched Betting Mistakes can be costly. I'd say don't make them, but that would be silly, mistakes will happen, especially if you're starting out.
The great thing about Matched Betting (actually there are loads of good things about Matched Betting, this is just a selection!), is that you might have a good opportunity to resolve the mistake before it gets out of hand, and if not there's always another offer around the corner so you don't need to dwell on your mistake.
So here we have 10 Matched Betting Hints and Tips to help you prevent mistakes, resolve minor issues, and learn.
The great thing about Matched Betting (actually there are loads of good things about Matched Betting, this is just a selection!), is that you might have a good opportunity to resolve the mistake before it gets out of hand, and if not there's always another offer around the corner so you don't need to dwell on your mistake.
So here we have 10 Matched Betting Hints and Tips to help you prevent mistakes, resolve minor issues, and learn.
1. Do not chase a loss
This is fundamental, and if you ignore it, you're going to find yourself in a far worse situation. If you make a mistake do not place another bet until you've understood what went wrong, what it cost you and how you can avoid it in future. Chasing losses is a sure fire route to madness and a lighter bank balance. |
2. Separate your float from your day to day expenditure
Get an e-wallet like Skrill immediately. Separating your regular day to day money from your betting float will (along with many other valuable things) reduce issues with chasing (see 1). |
3. Check twice, bet once
Like the old building mantra, measure twice cut once, you can't go wrong with taking a step back and looking again at what you're doing. Classic errors all people into Matched Betting go through include; laying the wrong match or market, not reading the terms and conditions of an offer, and the all one that seems to get everyone at some point, first goal scorer / own goal balls up. |
4. Make a record
Spreadsheets are cool. That's a fact. A pencil and piece of paper will do the job as well, but you'll quicky realise that you need a bit more information and structure after a while. Recording what you're doing is motivational (as you see your balance grow) and will also help you come to terms with variance. When you see how many bookmaker sign up offers there are, you'll realise the importance of record keeping. |
5. Don't believe in luck
It either happens or it doesnt. Luck and the gamblers' falacy are two sides of the same coin. Variance is what's annoying you, and it can't be beaten or persuaded. Keep records and look at the medium term, not bet by bet figures. Underlay if you want, but know that every now and then Manchester Utd lose to Sunderland, and Manchester City lose to Cardiff. It happens, and it'll always happen. |
6. Learn more about Matched Betting
Check out a betting dictionary. It's like a whole new language. Anyone would think the bookmakers don't want you to know what they're doing! Only when you know your language can you speak to a support group about a concern, problem or a find you want to share (and receive the adulation of your peers for it!). |
7. Don't go it alone
You might think you have all the information you need to make money from matched betting, and you probably do. But the giving and sharing of information, tips and tricks on a matched betting forum like Profit Accumulator will help increase your profits immeasurably. |
8. Never bet with money you can't afford to lose
If you made an honest mistake, not a mug punt, and it fell the wrong way, could you still live without that money? The bookmakers doesn't care that you didn't lay the bet correctly, they took it in good faith. Could you rebuild your float and carry on? If you can't, then you're betting too big too soon. Take on some smaller offers and grow your bankroll before hitting the bigger offers. |
9. Ask the question
Have you heard of google? It's brilliant, you'll love it. Ask it a question, and it'll find the answer. It'll probably take you to a matched betting forum like Profit Accumulator, but you'll be taking ownership of your problem and your education, don't expect to be spoon fed when there's already information out there. |
10. Walk away
There is no shame in walking away after you've made a mistake. Take a walk, take the dog for a walk, take the missus for a walk. Do whatever it takes to get your mind to a place where you have written off the money and are ready to move on in the calm manner required of matched betting. |