Could footy accas be the solution to a dry month of matched betting?
Well, after completing a lot of the sign up offers and also being gubbed from a few bookies, I've noticed 2 main things recently from reading a lot of the matched betting communities out there:
- There are a heck of a lot of gubbings going on
- There are very few decent offers around at the moment
A lot of people have put this down to a post-Cheltenham clear-out, but a lot of people are also saying that matched betting is dead and is nothing like it used to be. To be honest I'm finding it all a bit more time consuming than I would have hoped, and even though there is money to be made out there, you still need to put a lot of hours in.
Claims of people making £500 - £1000 per month, are now looking to look at little exaggerated to me, unless of course, you are spending hours in front of your computer trying to squeeze every penny out of every offer available.
With this in mind, this month I thought I'd take a look at a couple of other options where people have been claiming big winnings as well:
If you don't know, the basic concept of an Accumulator or footy acca as it is commonly known, is that you place a bet on a series of events happening, and if they all win, then you receive a multiple of all of the odds combined and usually make a big profit if it comes off.
However, if any of the legs of your accumulator loses, then you lose all of the bet. Typically footy accas are anywhere between 3 to 6 legs (matches), and obviously the more legs there are the more you can win, and the easier it is to lose.
Most bookmakers now offer something called 'Acca Insurance', which means that if one of your legs loses, you would be entitled to a refund of your initial stake, which is where a matched bettors radar starts flashing!!!
Bookies love Accumulators, because they always have an edge over the punter and most of the time the bet will end up losing. Basically, the table is weighted even more in the bookies favour for Accumulators than on single bets.
However, Accumulator Generator is a bit of software that scans the different bookmaker's offers out there and provides a combination of matches, where you are likely to make a profit, by taking advantage of the Acca Insurance refunds.
In the screenshot below, you can see a list of all of the footy Accas that were available on a certain date, and in the 'EV' column you can see the estimated value of the Acca. This shows you how much you would make from placing a £50 bet on the Acca, but generally you're looking at a £10 return for every £50 spent.
The idea is pretty simple... put an Acca on with the bookmaker, then just lay off each of the legs of your bet after each match finishes.
There is a screen in Acccumulator Generator dedicated to each Acca that you put on, as you can see below, and the system is also clever enough to give you reminders of when you need to put your next bet on.
After each match finishes, you put in the result, and then add in the lay odds of the next leg in the sequence and the Accumulator Generator software will automatically provide you with the lay stake required.
There are a number of different tactics that you can use but the easiest is back, lay and hope technique. This is where you put the selection on at the bookies, then you lay one match at a time, and stop laying as soon as you have lost one match.
• If you win all of your matches in the accumulator then you will make a small loss
• If you lose more than 2 legs in the accumulator you will make a small loss
• If you lose only 1 leg, then you will qualify for the Acca insurance and this is where you make the profit.
What Does Accumulator Generator Cost?
At the time of writing the cost is £148.99 + VAT, or you can sign up to a £1 trial for 14 days
Is Accumulator Generator worth the Money?
I used Accumulator Generator for a 30 day trial period, and came to the following conclusions:
Whilst we're in this dry patch of matched betting, with lots of gubbings going on and not a lot of offers that were particularly appealing, I decided to branch out and try my hand at Sports Arbitrage.
To be honest, I just fell into this more by accident and out of boredom than anything else.
For those of you who don't know much about this either, the principle of sports arbitrage or 'arbing' is pretty simple:
Place a bet at one bookmaker for certain odds
Lay the bet on a betting exchange at lower odds.
I was just checking out some odds on oddsmonkey.com because I needed to use up one of my free bets, when I noticed there were a lot of bets that had ratings of around 110% , like in the example below:
I'd never looked at the highest rated bets too much previously because I was guessing that if you place too many bets with these high ratings, you're likely to get your account flagged.
However, as I'd recently been gubbed by the likes of Paddy Power, Bet Victor, Stan James and Coral, I thought there is no harm in placing a few bets on these accounts.
Depending on the size of the arb I thought this could bring in a few useful extra quid, as using the oddsmatcher software they were quite easy to find and put on although didn't bring in groundbreaking returns as you can see in the example below:
Can you make money from Arbitrage betting?
Well, in my brief foray into sports arbitrage this month, I would say that there definitely is money to be made from this, however, you need to consider the following items: