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Post by Matt A on Jul 14, 2023 10:22:12 GMT
Has anybody heard of Matched Betting, sites like Odds Monkey? People claim it's a viable side hustle where you can make a couple hundred quid a month. I tried it but ethically it's questionable because the way it works out, you aren't taking money from bookmakers, you take it from other gamblers.
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Post by Jambowayoh on Jul 14, 2023 11:04:20 GMT
Has anybody heard of Matched Betting, sites like Odds Monkey? People claim it's a viable side hustle where you can make a couple hundred quid a month. I tried it but ethically it's questionable because the way it works out, you aren't taking money from bookmakers, you take it from other gamblers. TOP TIP: The people calling it a 'viable side hustle' are the people waiting to take your money off you. |
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Post by Matt A on Jul 14, 2023 11:25:19 GMT
Yeah the site charges you for odds matching but it relies on betting exchanges where you essentially act as a bookmaker. On an exchange you can bet for something not to happen, and the exchange matches your bet against somebody who wants to bet normally. The point is to make the same bet on a traditional bookmaker and so your two bets cancel each other out. And the point of doing this is bookmakers offer free bets for like ten or twenty pounds, and you follow the same process, make two bets on a bookmaker and an exchange, only this time you transition the free bet into real money you can withdraw. It does work, but it's unethical because the loser isn't, as oddsmonkey would have you believe, the bookmaker, it's some poor sod gambler.
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Post by Jambowayoh on Jul 14, 2023 11:37:00 GMT
Well there you go then. Preying on the desperate who are looking to make some quick money.
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Post by Matt A on Jul 14, 2023 11:37:42 GMT
Yes
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cubby
Full Member
doesn't get subtext
Posts: 6,403
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Post by cubby on Jul 14, 2023 11:41:37 GMT
At the end of the day isn't all profit at the expense of others?
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Post by Jambowayoh on Jul 14, 2023 11:56:41 GMT
At the end of the day isn't all profit at the expense of others? That's the base, non-nuanced take, yes. |
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Post by Matt A on Jul 14, 2023 12:25:17 GMT
One eye opener registering with a couple of bookmakers though is if you don't gamble, your perception of the industry is from adverts that espouse responsibility, gamble aware and know your limits, all that horseshit. Well if you do register, the private email discourse they absolutely fucking hammer you with enticement offers.
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Post by Zomoniac on Jul 15, 2023 11:30:24 GMT
Has anybody heard of Matched Betting, sites like Odds Monkey? People claim it's a viable side hustle where you can make a couple hundred quid a month. I tried it but ethically it's questionable because the way it works out, you aren't taking money from bookmakers, you take it from other gamblers. I did it for a bit about five years ago. Assuming things are now as they are then, it’s worth doing for a short while. Rinsing all the sign up offers for all the bookies made me over a grand in a few weeks doing a few minutes a day. But once you’ve done all the initial sign up offers the repeat ones take way longer and offer a tiny fraction of the return, and unless you’re actually broke really isn’t worth your time. |
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Post by Matt A on Jul 15, 2023 11:35:58 GMT
Yeah I joined Oddsmonkey for one month to see how it all worked because some people claim to have rinsed as much as 20k and after looking at the walled off parts of the site I'm still none the wiser.
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Post by Zomoniac on Jul 15, 2023 12:03:32 GMT
Also not sure how you’re making the money from other gamblers. The basic loop is you make and lay a bet that guarantees a small loss but gets you a free bet, then you place that free bet and lay it on an exchange to guarantee a win. You’re effectively converting promotional free bets into about 80% of their cash value, that’s where the profit is coming from.
The initial offers for somewhere like Sky Bet are like bet £5 and get a £30 free bet, which is very easy to cash in quickly. Their weekly reward promo is bet £30 and get a £5 free bet, which will get a profit of about £3.50 and isn’t worth the time it takes.
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Post by Matt A on Jul 15, 2023 12:08:43 GMT
I might have got it wrong but my understanding of laying a bet on an exchange, you are selling to a punter that is wanting to make the bet, it's not the exchange itself that is making the bet.
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Post by Zomoniac on Jul 15, 2023 12:12:08 GMT
I might have got it wrong but my understanding of laying a bet on an exchange, you are selling to a punter that is wanting to make the bet, it's not the exchange itself that is making the bet. That’s right, but it doesn’t matter if you lose to that punter, that’s not where the profit is coming from. |
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Post by Matt A on Jul 15, 2023 12:17:14 GMT
When I said ethics though i meant if you think bookmakers are inherently unethical, using the exchange you're acting as a bookmaker.
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kal
Full Member
Posts: 8,309
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Post by kal on Jul 23, 2023 7:36:39 GMT
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Post by dfunked on Jul 23, 2023 7:49:42 GMT
It's been a while since I've even heard of NFTs... It's like the world just collectively agreed that they're a worthless con.
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kal
Full Member
Posts: 8,309
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Post by kal on Jul 23, 2023 8:03:57 GMT
There was at least one person in this very thread aggressively defending them.
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Frog
Full Member
Posts: 7,304
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Post by Frog on Jul 23, 2023 8:13:43 GMT
That won't stop square enix and Ubisoft trying to push them though.
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Post by GigaChad Sigma. on Jul 23, 2023 9:09:09 GMT
NFT's are a great example of the pseudoscience that is used to sell crypto.
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Post by Jambowayoh on Jul 23, 2023 10:35:42 GMT
There was at least one person in this very thread aggressively defending them. I've just been rereading the thread and...yeah he really did defend them quite strongly, as well as the BLOCKCHAIN but while talking about how NFT's benefit individual artists he could never produce a clear benefit for their existence. |
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Post by Resident Knievel on Jul 23, 2023 10:55:06 GMT
The US has caught up to the rest of the world and allows instant payments through banks as of 3 days ago. Probably the only legitimate (and very weak) argument for crypto is gone now.
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lukasz
New Member
Meat popsicle
Posts: 687
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Post by lukasz on Aug 7, 2023 5:04:34 GMT
Nice. In Australia we got the payid some time ago. Which allows instant sending of less than 1k aud per day to any account just by knowing email or phone number (depending on how the owner set up payid)
It's free and super easy to use (but scamers tried to confuse people and scam)
Crypto still has advantages over border transit but it only took 24-36h last time for me to send money overseas.
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nazo
Junior Member
Posts: 1,311
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Post by nazo on Aug 7, 2023 8:27:58 GMT
I use Wise to send money overseas and it usually arrives in less than an hour.
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Post by Jambowayoh on Aug 7, 2023 9:07:57 GMT
I use Wise to send money overseas and it usually arrives in less than an hour. Me too, usually take about 30secs. Longest I've waited is 30 minutes. I don't see any reason as to why you would use crypto. |
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Aug 7, 2023 9:09:35 GMT
To buy weed online.
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Post by Zomoniac on Aug 10, 2023 21:36:10 GMT
Nice. In Australia we got the payid some time ago. Which allows instant sending of less than 1k aud per day to any account just by knowing email or phone number (depending on how the owner set up payid) It's free and super easy to use (but scamers tried to confuse people and scam) Crypto still has advantages over border transit but it only took 24-36h last time for me to send money overseas. We had something similar called Paym, which I think has recently been killed off. User brokenkey was part of the rollout in some way I think. Seemed to work well, not sure why it died. Can only assume it’s because the people that would use it all have Starling or Monzo accounts which have that functionality built in. |
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Bongo Heracles
Junior Member
Technically illegal to ride on public land
Posts: 4,661
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Post by Bongo Heracles on Aug 10, 2023 22:24:38 GMT
Nobody used it, basically. Before it got shut down stats showed 90 something % of registered users had access to faster payments through their banking app anyway, which was also the primary reason they stopped using paym.
It was good when it came out but 9 years later it was basically irrelevant.
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Post by Resident Knievel on Aug 17, 2023 21:52:59 GMT
Bitcoin dumping 20% in the space of a few minutes
hopefully it's not a sign that financial markets are about to shit the bed
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Post by Trowel 🏴 on Aug 17, 2023 22:21:01 GMT
Bitcoin dumping 20% in the space of a few minutes hopefully it's not a sign that financial markets are about to shit the bed Seems to be tied to the WSJ reporting on SpaceX and how they've dumped all their Bitcoin over the last year or so. A clear buying signal, right? |
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Post by Resident Knievel on Aug 17, 2023 22:31:36 GMT
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