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Wednesday, 15 January 2025

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Matched Betting Briefing Document

Main Themes:

Matched betting as a viable income source: This collection of sources paints a picture of matched betting as a legitimate way to generate significant income, with potential earnings ranging from a few thousand dollars a month to potentially millions per year.
Importance of knowledge, skill, and strategy: While matched betting is presented as a "numbers game", emphasis is placed on the necessity of developing a deep understanding of the strategies, leveraging knowledge from experienced individuals, and continuously refining skills to maximise profitability and account longevity.
The power of mindset and discipline: Testimonials and discussions highlight the importance of discipline, process-oriented thinking, and a growth mindset for continuous improvement in matched betting.
Account sustainability and avoiding detection: Maintaining a natural betting profile to avoid detection and account restrictions from bookmakers is crucial for long-term success. Techniques like dummy bets, understanding bookmaker behaviour, and responsible promotion utilisation are discussed.
Leveraging community and mentorship: The benefits of learning from experienced members, sharing knowledge, and being part of a supportive community are showcased, especially for those aiming for high-level profits.

Most Important Ideas/Facts:

Exponential Profit Growth: Consistent effort and skill development in matched betting can lead to exponential profit growth over time.
Maximising Turnover and EV: Focusing on turnover and positive Expected Value (EV) is key to increasing profitability.
Utilising all available bookmakers: Exploiting deposit offers and promotions across a wide range of bookmakers, including smaller, less popular ones, can significantly boost earnings.
Efficiency is Key: Streamlining processes, optimising time management, and focusing on high-value bets maximise hourly rate and overall profit.
Investing in Education: Paying for knowledge and mentorship through courses or programs like Platinum Squad and the Mentorship Program can fast-track learning and significantly improve results.

Quotes:

Profit Growth: "One thing I didn't kind of realise or wrap my head around that if you like if you can consistently 2x whatever you're doing whether that's Fitness or uh life or trying to make money you know that compounds and then the 2x becomes bigger you know if you turn 100 into 100 yeah that's 200 bucks that's that's great but if you turn 100,000 into 200,000 that's the same difference of improvement."
Knowledge Gap: "The more you know about something the less you actually know...I thought I knew it all and now that I've opened my mind a little bit more and stop thinking so narrowly I'm seeing some things that a lot of people are doing which is different to me."
Bookie List Importance: "Go and use the fucking bookie list and go and use every single deposit offer...I guarantee I would be surprised if a single person in Platinum has every single bookie on that bookie list."
Account Sustainability: "If you can set up your accounts at the start really well which is taught in our Platinum Squad and then also know how to use the promotions in a more sustainable way while you're still taking money off them without abusing them and spreading that across more bookies you have a higher chance of keeping your accounts open."
Mentorship Value: "The idea of of these guys now in the mentorship they have like Lenny an absolute expert and us to talk to about stuff and to some like it's a very lonely road match betting especially at a very high scale which all of these guys are and to for them to have somebody to oh am I doing this right kind of thing and actually tracking and being accountable for them I I feel like it's a huge one."

Recommendations for Action:

Join Platinum Squad: Invest in the foundational knowledge and tools provided by the Platinum Squad program to start your matched betting journey.
Utilise the Bookie List: Maximise earnings by systematically going through all available bookmakers and exploiting their deposit offers.
Seek Mentorship and Community: Engage with experienced matched bettors, join communities, or consider the Mentorship Program for guidance and support.
Continuously Learn and Improve: Develop a growth mindset, constantly refine your skills, and seek out new knowledge and strategies to stay ahead of the curve.

Overall: These sources strongly suggest that matched betting can be a highly profitable endeavour, but success requires dedication, a strategic approach, and a willingness to learn and adapt. By focusing on the key themes and recommendations outlined above, individuals can increase their chances of achieving significant financial gains through this technique.

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Friday, 10 January 2025

NRL News 8 Jan 2025

Return of the Stars: A Boost for South Sydney and Beyond

"The Telegraph 8 Jan 2024.pdf" highlights the anticipation surrounding several key players returning from injury, including South Sydney's own Campbell Graham. The George Piggins Medal winner, sidelined for the entire 2024 season due to a sternum injury, is eager to return to the field:

“The end of this rehab journey is over. I’m fully training and my focus is back on playing footy.”

The article also notes the return of crucial players for other teams, including Tino Fa'asuamaleaui (Titans), J'maine Hopgood (Eels), and Tom Gilbert (Dolphins). Each player's return is expected to significantly bolster their respective team's performance. Gilbert, in particular, expresses his determination to regain his form and earn his spot:

“I need to work hard. I need to get my football back to a level that’s Dolphins standard, and I need to work really hard today and tomorrow, and all those things will come.”

Russell Crowe's Potential Divestment: A New Era for the Rabbitohs?

"The Telegraph Crow.pdf" explores the potential sale of Russell Crowe's 25% stake in the South Sydney Rabbitohs, which he has held since 2006. While Crowe has downplayed the rumours, his potential exit could mark a significant shift in the club's ownership structure. Prime Minister Anthony Albanese, a staunch Rabbitohs supporter, acknowledges Crowe's significant contribution to the club:

“Russell Crowe has made a great contribution to South Sydney."

Optimism Abounds: Wayne Bennett's Return Fuels High Hopes

Both The Daily Telegraph articles and The Courier Mail express optimism about the Rabbitohs' chances in the upcoming season. The return of legendary coach Wayne Bennett is seen as a major factor. Albanese, confident in Bennett's leadership, states:

"We have got the super coach back, a great Queenslander in Wayne Bennett, and he is a great motivator of men, and they have the cattle on the field. I’m very confident about this year.”

Emerging Talent: Isaiya Katoa Ready to Take Charge

"The Courier Mail REPORTS on the rising star of the Dolphins, halfback Isaiya Katoa. Despite some challenges in his young career, Katoa is determined to improve his decision-making and fitness, aiming to lead the Dolphins to their first finals appearance. He reflects on a learning moment with Bennett:

“Wayne was really calm in the way he approached me and asked what happened. He made sure to tell me that if I see something, back myself and go for it."

Katoa's growth under Bennett and his new coach, Kristian Woolf, will be crucial for the Dolphins' success.

Overall:

The upcoming NRL season promises excitement and intrigue. The return of star players from injury will undoubtedly shake up the competition, while potential ownership changes within the Rabbitohs could signal a new era for the club. The return of Wayne Bennett to South Sydney, combined with the team's bolstered roster, has fueled optimism and high expectations for their 2025 campaign. Meanwhile, the development of young talent like Isaiya Katoa adds another layer of anticipation for the season ahead.

Sunday, 24 November 2024

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Saturday, 23 November 2024

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Betfair Exchange

The Betfair Exchange is a peer-to-peer betting platform where users can bet against each other rather than against a traditional bookmaker. It operates like a marketplace for bets, offering unique advantages like competitive odds and the ability to "lay" bets. Here's a detailed breakdown:

How Betfair Exchange Works

Backing Bets:
- This is similar to traditional betting.
- You bet on an outcome to happen (e.g., Team A to win a match).
Laying Bets:
- You bet against an outcome (e.g., Team A to not win).
- By laying a bet, you're acting as the bookmaker. If someone else backs that outcome and it loses, you collect their stake.

Key Terms

Odds:
- Backing odds: The odds offered by users betting on an outcome.
- Laying odds: The odds you offer when betting against an outcome.
- Odds are often better on the exchange because there’s no traditional bookmaker markup.
Stake:
- The amount you bet when backing.
- When laying, your stake is the liability—the amount you must pay out if the backed outcome wins.
Liquidity:
- The amount of money available in the market for backing or laying a bet. Higher liquidity means easier matching of your bets.
Commission:
- Betfair charges a commission (usually 2%-5%) on net winnings from each market. If you lose, no commission is charged.

Example of Backing and Laying

Backing Bet:
- You back Team A to win at odds of 2.5 with a $10 stake.
- Potential profit = (Odds - 1) × Stake = (2.5 - 1) × $10 = $15.
Laying Bet:
- You lay Team A to win at odds of 2.5 with a liability of $15 (calculated based on your exposure if the bet loses).
- If Team A doesn’t win, you keep the backer’s $10 stake.

Advantages of Betfair Exchange

Better Odds:
- Because there’s no bookmaker margin, users can find more competitive odds.
Flexibility:
- Users can bet on or against any outcome.
- You can trade bets (e.g., back high and lay low) for profit before an event ends.
Transparency:
- All bets are matched between users, and you can see the liquidity and odds available in real time.
In-Play Betting:
- Betfair allows betting during live events, which opens opportunities for trading and reacting to game dynamics.

Who Uses Betfair Exchange?

Traditional Bettors: To back outcomes at better odds.
Matched Bettors: To lay bets as part of their risk-free betting strategy.
Sports Traders: To exploit market fluctuations and lock in profits.
Arbitrage Bettors: To capitalize on differences between bookmaker odds and exchange odds.

Challenges of Using Betfair

Commission: While odds are better, commissions can reduce profits slightly.
Low Liquidity: Niche markets or less popular events may not have enough users to match bets easily.
Complexity: Laying bets and calculating liability can be confusing for beginners.

If you're new to Betfair Exchange, start with smaller stakes and familiarize yourself with the interface. Tools like Betfair’s training materials and matched betting calculators can help ensure you're making smart decisions!

Matched betting

Matched betting is a popular strategy used by individuals to profit from free bets and promotions offered by bookmakers. It’s considered a risk-free or low-risk betting method because it relies on placing opposing bets to cancel out losses and ensure consistent profits. Here’s how it works:

How Matched Betting Works

Identify a Promotion: Bookmakers often provide free bets, bonuses, or other promotions to attract customers (e.g., "Bet $10, get $30 in free bets").
Place a Qualifying Bet:
- Place a bet with the bookmaker on a specific outcome (e.g., Team A to win).
- Simultaneously, place a "lay bet" on a betting exchange (like Betfair or Smarkets), which is a bet against the same outcome (e.g., Team A not to win).
This ensures you neither gain nor lose significantly, meeting the bookmaker's conditions for the free bet.
Use the Free Bet:
- Once you receive the free bet, repeat the process:
  - Use the free bet to back another outcome at the bookmaker.
  - Lay the same outcome at the exchange.
- This time, since you’re using free bet funds, you will lock in a profit regardless of the outcome.

Key Tools for Matched Betting

Odds Matching Software: Tools like OddsMonkey, Profit Accumulator, or MatchedBets help find closely matched odds between bookmakers and exchanges.
Betting Exchanges: Platforms like Betfair, Smarkets, or Matchbook allow you to lay bets.
Profit Calculators: These calculate how much to bet at the exchange to minimize risk and maximize profits.

Example of a Matched Bet

Qualifying Bet:
- Free bet offer: Bet $10 to receive a $30 free bet.
- Place $10 on Team A to win at odds of 3.0 (with the bookmaker).
- Lay Team A at odds of 3.0 (adjusted for exchange fees).
Free Bet:
- Use the $30 free bet on Team B at odds of 5.0 (bookmaker).
- Lay Team B at 5.0 (exchange).
Depending on the odds and calculations, you could profit around 70-80% of the free bet value ($21-$24 in this case).

Benefits

Guaranteed Profits: Properly executed matched bets ensure you lock in profits.
No Gambling Risk: You’re not relying on chance, just on mathematics.
Beginner-Friendly: Many resources and tutorials are available.

Things to Watch Out For

Gubbed Accounts: Bookmakers might restrict your account if they detect consistent matched betting.
Human Errors: Misplacing a bet, mismatching odds, or using the wrong stake can lead to losses.
Exchange Liquidity: Ensure sufficient liquidity on exchanges for larger bets.

If you'd like help getting started or need specific tools or examples, let me know!