Finding extra income for punting?

[Asian Hunter]

Not sure if this topic has been covered or should be moved to the off-topic section 

How do you guys find the extra cash to go punting? Odd jobs here and there, bonuses, life savings, pension, etc...

Been looking at ways to supplement extra income for my hobby. Came across "Matched Betting". Read a little about it. You basically take advantage of the free bets the bookies give you to sign up with them. Has anyone tried it and does it work?

[pork sword]

I think the best advice I can give is punt to what you can afford and leave the betting alone 

[cueball]

Yes, it's been covered before.

Like I said last time, I've sold everything from in the house, the electric is wired to the lamp post and comes on when it goes dark, I'm sat on the floor on next doors internet, never mind having nothing in the fridge, I've sold the fridge.

It's all working out quite well 

[vw]

Betting is a mugs game and sucks you in.

Most addictions like drugs have the decency to kill you gambling makes you do it yourself.

Please leave well alone !

[AnthG]

I always remember this topic from 2011 on the forum. It might be worth a read and considering.

It is gambling, but the way the OP sold it sounded worth considering

https://www.ukpunting.com/index.php?topic=4607

Basically its doing an accumulator bet on (almost) sure things.

So for example bet £100 on this weekend

Man UTD beating Sunderland
And
Chelsea beating Newcastle
And
Liverpool beating Villa

All will be sure things. But an accumulator you multiply them together. So you will be by the laws of multiplication get a good result from all three multiplied together and if you bet large £100. You could get something like £300 back. (that's my crude understanding of that topic)

[Steely Dan]

All will be sure things.

The house always wins.  75% chance is a sure thing.  75% * 75% * 75% = 42% (i.e you probably lose).

Back to the topic.  It is like a bit of computer code.

Get a good job.  Do work hard.  Put money aside.  Then Punt.  Else don't.

[Asian Hunter]

Betting is a mugs game and sucks you in.

Bit like punting really. They suck you dry. But you always go back for more.

[Asian Hunter]

I always remember this topic from 2011 on the forum. It might be worth a read and considering.

It is gambling, but the way the OP sold it sounded worth considering

https://www.ukpunting.com/index.php?topic=4607

Thanks for the link. Did search if this topic came up before.

[ramrodronnie]

Yes, it's been covered before.

Like I said last time, I've sold everything from in the house, the electric is wired to the lamp post and comes on when it goes dark, I'm sat on the floor on next doors internet, never mind having nothing in the fridge, I've sold the fridge.

It's all working out quite well 

Lmfbo cueball. Yeah I'm sure you've gone that far down just to get yer nuts wet mate! 

[ramrodronnie]

Betting is a mugs game and sucks you in.

Most addictions like drugs have the decency to kill you gambling makes you do it yourself.

Please leave well alone !

I'll "Bet" You Don't VW? 

[Sonny Crockett]

I have only one source of income for my punting hobby (my job) I punt within my means and keep it simple.

[vw]

I'll "Bet" You Don't VW? 

Won't bet on anything ever !

Some lessons you learn the hard way in life !

[ramrodronnie]

Won't bet on anything ever !

Some lessons you learn the hard way in life !

I won nearly 2 grand on the Irish Lottery, which has paid for umpteen punts for me! 

[vw]

I won nearly 2 grand on the Irish Lottery, which has paid for umpteen punts for me! 

Nearly won = lost = You are a loser = Anya and Issa will move west.   

[ramrodronnie]

Nearly won = lost = You are a loser = Anya and Issa will move west.   

Ok, I'll re-phrase that just for you VW. I won £1,980 squids on the Irish Lottery which has paid for umpteen punts for me mate. Beats flogging carrots mate! 

[threechilliman]

I have a second variable income which is a bit bigger than I make out and makes my punting financially invisible to those closest to me. A nice tax rebate has also helped me stash a third of this years punting budget away already.

tcm

[Spanky_bum_time]

Doing overtime is a good way of earning extra cash if available, Depends how desperate you are though as I prefer not to work more hours than required!

Gambling is a mugs game, My dad was a bookie and i worked for him when I left school, certainly no such thing as a sure thing and bookie will always win in the end, However 1 bet they hate is the Irish lotto, big odds for small stakes, no harm in just doing a couple of quid a week, don't be too confident tho!

Nowadays my only income is my job, and I punt with what I can afford, it's good motivation to find ways to get extra cash so I like to have a few quid on Irish lotto and also flip domain names.

[SloppyWanks]

I want to add to this topic, but god knows how long this thread will be visible to me...

I do match betting as a little side hobby and it is indeed, not true gambling. I make a steady spare income out of it and it works. As with anything, the more time you put in the more you get out of it. Its not impossible to make £200+ a month out of it with a little effort.

The basic idea in a nut shell is to lay and back the same result on a given sporting fixture, this normally costs you a small amount (say it costs you 50p per a fixture). The reason you do this is so you can qualify for free bets/bonus offers. You then repeat the process with the free bet and always profit from it (ie convert the free bet into money). If you back and lay the same outcome, that is not gambling as what ever the result of the fixture, one side or the other will pay out.

Many scaremongers out there say its gambling because they don't understand it. If you do go down this route, you need to be sure you have the patients and time for it and not to gamble!.

[ramrodronnie]

Doing overtime is a good way of earning extra cash if available, Depends how desperate you are though as I prefer not to work more hours than required!

Gambling is a mugs game, My dad was a bookie and i worked for him when I left school, certainly no such thing as a sure thing and bookie will always win in the end, However 1 bet they hate is the Irish lotto, big odds for small stakes, no harm in just doing a couple of quid a week, don't be too confident tho!

Nowadays my only income is my job, and I punt with what I can afford, it's good motivation to find ways to get extra cash so I like to have a few quid on Irish lotto and also flip domain names.

That's precisely what I do Spanky_bum_time. 


However 1 bet they hate is the Irish lotto, big odds for small stakes

[Nagilum]

I think its been pretty much covered, but yeah, only punt what you can afford that month. Alternatively get a weekend job for extra cash.

[ramrodronnie]

I think its been pretty much covered, but yeah, only punt what you can afford that month. Alternatively get a weekend job for extra cash.

Perish the thought Nagilum. I punt most weekends! 

[Nagilum]

Perish the thought Nagilum. I punt most weekends! 

  Depends when the horn takes me.  Last night I had a two hour session and I was asleep in he cab!  Getting old, maybe I should take a page out your book!

[vw]

Depends when the horn takes me.  Last night I had a two hour session and I was asleep in the Red cab!

You slept with jimmy ? 

[ramrodronnie]

You slept with jimmy ? 

You sussed him VW!   

[moosehead69]

So for example bet £100 on this weekend

Man UTD beating Sunderland
And
Chelsea beating Newcastle
And
Liverpool beating Villa

Looks a reasonable punt just man Utd and Liverpool are in predictable

[ramrodronnie]

Depends when the horn takes me.  Last night I had a two hour session and I was asleep in he cab!  Getting old, maybe I should take a page out your book!

You don't do so bad Nagilum. 

[Nagilum]

You slept with jimmy ? 

My review is coming 

[Nagilum]

You don't do so bad Nagilum. 

Thank you 

[ramrodronnie]

Thank you 

I can't keep up with your sexual exploits/activities Nagilum. Even if I could afford it, I couldn't keep up with you.

[vw]

I can't keep up with your sexual exploits/activities Nagilum. Even if I could afford it, I couldn't keep up with you.

Get a shop-mobility skooter, its quicker than a zimmer !

[ramrodronnie]

Get a shop-mobility skooter, its quicker than a zimmer !

I've got both mate, but I still can't keep up with Nagilum!!!!! 

[DannyJames]

Not sure if this topic has been covered or should be moved to the off-topic section 

How do you guys find the extra cash to go punting? Odd jobs here and there, bonuses, life savings, pension, etc...

Been looking at ways to supplement extra income for my hobby. Came across "Matched Betting". Read a little about it. You basically take advantage of the free bets the bookies give you to sign up with them. Has anyone tried it and does it work?

Matched betting works and doesn't involve gambling at all since you are covering all outcomes, you are simply trying to extract the value of the free bet offered.

There is still money to be made but sadly nothing like the profits that could be had in the past. Four figures per month was achievable with a bit of work a couple of years ago but the change in gambling legislation whereby bookies now require a licence and the ring fencing of funds means that the number of competitors in the sector has dropped and as a consequence there are far fewer bonuses on offer. In addition, so many people do it that bookies are making the terms of free bets much more onerous to the player and reducing the mathematical value.

There's a few quid to be made but do your research and make sure you understand it or else you will lose cash.

[bfl]

I do a bit of matched betting. Make about 500 quid a month from it when I have time. You need a fair bit to lay down though and takes 3 days to cash out from most bookies. Profit accumulater is good when 1st starting. It's very boring and fair time consuming. To get 500 a month I do at least an hour a day but the returns are very small, 10-15 quid a time mainly.

[ramrodronnie]

Back the favourite to lose in every horse race. You can only do it online. Statistical fact, 70% of favourites in horse racing lose!

[DannyJames]

Back the favourite to lose in every horse race. You can only do it online. Statistical fact, 70% of favourites in horse racing lose!

And what happens if the 30% who win are all long odds faves? You end up in the poor house.

[Type_O_Negative]

I have 3 days off in each week and i always do overtime during one of these days. So in my case overtime is an extra income for punting (and photography which is my another hobby).

[ramrodronnie]

And what happens if the 30% who win are all long odds faves? You end up in the poor house.

Read, and take in what I said properly DannyJames

[vw]

Back the favourite to lose in every horse race. You can only do it online. Statistical fact, 70% of favourites in horse racing lose!

Lose as come in last or not win.

Think your being a doughnut !

And recommending the betting equivalent of bareback anal if your saying all last !

[rockstar]

Gamblers are always quick to tell you about their wins but never ever speak about their losses. I do ok buying and selling down auctions, I also go to jumble sales, charity shops, use ebay and those local facebook groups but you have to have a knowledge of a particular area.

Been doing it for years as a side line.

Also I cant see Chelsea beating Newcastle thats a draw for me

[arthurguinness]

my feb punting is being supplemented by predicting... bournemouth 0-2 arsenal & chelsea 1-1 man u double  for £250 and denver broncos 13+ win for £130

dont ever expect big wins. treat your bets as a hobby on it own....rather than a way to fund punts. i just put the proceeds into long and more numerous "dates" if i get lucky

[arthur]

I do a bit of matched betting. Make about 500 quid a month from it when I have time. You need a fair bit to lay down though and takes 3 days to cash out from most bookies. Profit accumulater is good when 1st starting. It's very boring and fair time consuming. To get 500 a month I do at least an hour a day but the returns are very small, 10-15 quid a time mainly.

How do you get 500 a month from this? from my experience theres only about 10-15 decent bookies that have sign up offers, each maybe about 30-50 pound each. Once you've got through all of them and signed up once you cant continue making money from it?

[ramrodronnie]

Lose as come in last or not win.

Think your being a doughnut !

And recommending the betting equivalent of bareback anal if your saying all last !

I've just given you numb nuts a trade secret. Makes no odds to me what you do with it. No pun intended, 

[DannyJames]

Read, and take in what I said properly DannyJames

I did, thankyou.

You suggest that 7 out of 10 faves lose. I'm not disagreeing with that.

If you lay a horse at 1/2 for a tenner stake then it costs you £5 to cover the bet. If you lay a horse at 8/1 then it costs you £80 to cover the bet. Imagine that there are 10 races, three of which have faves at 1/2 and 7 races with faves of 8/1. Imagine then that the three horses which won their races are those 8/1 shots and the 7 which lose (where you win money) are 1/2 shots.

7 wins at £5 profit a race is £35 up
3 losses at £80 loss a race is £240 down



Net loss is £205

[purple_t]

Overtime at work for me. £30 an hour on a Saturday, for 4 hours. Get taxed on that but still a nice little earner and I'm finished by 1:30pm

[Asian Hunter]

Think I will have to start washing cars or mow neighbours lawns to earn some extra cash.

Any fellow punters need cars washed or lawns mowed £10 a piece 

[DannyJames]

I did, thankyou.

You suggest that 7 out of 10 faves lose. I'm not disagreeing with that.

If you lay a horse at 1/2 for a tenner stake then it costs you £5 to cover the bet. If you lay a horse at 8/1 then it costs you £80 to cover the bet. Imagine that there are 10 races, three of which have faves at 1/2 and 7 races with faves of 8/1. Imagine then that the three horses which won their races are those 8/1 shots and the 7 which lose (where you win money) are 1/2 shots.

7 wins at £5 profit a race is £35 up
3 losses at £80 loss a race is £240 down



Net loss is £205

In my rush to post I entered the odds the wrong way round in the first line beginning 'imagine'.
It should read:

 Imagine that there are 10 races, three of which have faves at 8/1 and 7 races with faves of 1/2

The point being that just because 70% of faves lose it doesn't mean guaranteed profit.

[Asian Hunter]

Profit accumulater is good when 1st starting. Returns are very small, 10-15 quid a time mainly.

Have looked into profit accumulator, need to sign up and pay a subscription fee though. The returns you make 10-15 quid, is that from one single bet or collectively from all bets? If making 10 quid return from each single bet and placed 10 bets. That's 10x10=100 quid, right?

[Malvolio]

Rather than gambling, my tactic is to take on overtime when offered and punt with the net earnings from it.

[DannyJames]

Have looked into profit accumulator, need to sign up and pay a subscription fee though. The returns you make 10-15 quid, is that from one single bet or collectively from all bets? If making 10 quid return from each single bet and placed 10 bets. That's 10x10=100 quid, right?

Looked at the matched betting part of money saving expert, won't cost you a penny.

[Bluefin]

Not sure if this topic has been covered or should be moved to the off-topic section 

How do you guys find the extra cash to go punting? Odd jobs here and there, bonuses, life savings, pension, etc...

Been looking at ways to supplement extra income for my hobby. Came across "Matched Betting". Read a little about it. You basically take advantage of the free bets the bookies give you to sign up with them. Has anyone tried it and does it work?

If you have self discipline there is a website called topcashback.
At the moment they will give you £52 cashback if you sign up for a new betfair casino account, but you must deposit and wager £30 to qualify.
So sign up, do one evens bet of £30 on roulette ie red or black and thats it.
If you win you are £82 up, which will give a h/h punt for free,  if you lose the bet you are still £22 up, you can't lose. Dont accept any sign up bonuses though as this affects withdrawing your winnings and stick to one bet only!
There are seversl other similar offers from other Ladbrokes, William Hill etc.
I have had several free punts this way, but you need patience as it can take several weeks to receive your dosh