Why have I never done this? I'm up £200 in one day and expect to clear £1k in a month for little effort and no risk.
11-03-2014 06:04 AM
#1
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Matched bettingWhy have I never done this? I'm up £200 in one day and expect to clear £1k in a month for little effort and no risk. | |
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11-03-2014 08:09 AM
#2
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Well that was a fun half an hour trying to restore access to my betfair account only to find out that I need to verify my age. Shame my passport is out of date and my driver's license is provisional. Plus I haven't got a scanner because who the fuck has a scanner. Fuck you betfair. | |
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11-03-2014 08:16 AM
#3
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This is going to go well. | |
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11-03-2014 08:43 AM
#4
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Explain? | |
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11-03-2014 09:41 AM
#5
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Well, step 1, reactivate my betfair account is almost complete. I'm just waiting for their admin to determine if the poor quality photos I took of my provisional driving license and bank statement is enough to convince them that I didn't register ten years agao as a 7 y/o boy. | |
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11-03-2014 02:58 PM
#6
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Here's what I don't understand about this: shouldn't the bonus you can get be at best equivalent to 100% rakeback? I mean the people running these sites aren't complete idiots, are they? | |
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11-03-2014 03:27 PM
#7
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matched betting? is that the same as parlay bets? | |
Last edited by givememyleg; 11-03-2014 at 03:33 PM. | |
11-03-2014 03:32 PM
#8
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11-03-2014 04:39 PM
#9
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Most of the time it's just laying off the free bet so you get to keep the free bet, minus the spread minus commission. | |
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11-07-2014 10:04 AM
#10
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BANNED
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Sorry, I'm lost. How does laying off get us to keep the free bet? |
11-07-2014 10:25 AM
#11
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Let's say £50 matched bet. | |
11-07-2014 10:27 AM
#12
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That's a simplified version as you often lose a small percentage from the spread. And if you don't get to keep the stake in the free bet which is often the case then you need to bet at higher odds to ensure a win and will generally only win about 80% of the free bet. | |
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11-07-2014 12:16 PM
#13
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The free bet isn't usually going to return the stake. If you put a £50 free bet on at evens, you'll win £50, the same as if you lay it off for evens. Still a profit of course. Certainly that's the case at paddypower. | |
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11-07-2014 12:23 PM
#14
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You can't really make much from arbitrage as the spread is so thin you need to bet thousands to win a tiny amount and the risk of timing screwing you over isn't that small so with such a small return the risks out way the rewards. | |
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11-07-2014 12:24 PM
#15
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I'm so far 200 quid up in 4 days using matched betting so it certainly works. | |
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11-07-2014 12:34 PM
#16
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I understand why matched betting works so yeah I'm looking to take advantage as soon as I can cover the betfair liabilities. | |
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11-07-2014 02:59 PM
#17
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Dude, start with the free 5 quid bet, that way 20 quid on bet fair will cover you. Then work your way up. There's convenient steps of 10, 20, 25, 50, 100, 200. | |
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11-07-2014 03:06 PM
#18
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Dude you obviously haven't lived on the dole for a long time, if ever! £20 to me is the difference between smoke or no smoke. I've got more money in my stars account than bank account so I've cleared a small amount of my poker br for this purpose. Gotta wait on that. | |
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11-07-2014 03:48 PM
#19
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You could always get a job for like a week and be rolled. | |
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11-07-2014 03:51 PM
#20
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I've got a free 200 bet stake not returned that I wanna put on a 10-1, just need to convince the Mrs that I should put 2k onto a gambling site for the lay. she isn't so keen. | |
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11-07-2014 04:35 PM
#21
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11-07-2014 04:40 PM
#22
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Last edited by Keith; 11-07-2014 at 04:44 PM. | |
11-07-2014 06:03 PM
#23
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Ahhh Keith! | |
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11-07-2014 06:04 PM
#24
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I wonder if I pay more in tax per month than ong receives I'm benefits. | |
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11-07-2014 06:55 PM
#25
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I get around £500 a month. | |
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11-08-2014 02:18 AM
#26
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So it turns out I have a fourth dependant. | |
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11-08-2014 09:58 AM
#27
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You could look at it like that. Or, you could instead consider all the money that is sent to the EU, or spent on military who then in turn bomb the shit out of people for having different ideals to our own. I would bet that my total benefit income is comparable to the expenses claimed by many politicians for their lunches. | |
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11-08-2014 10:07 AM
#28
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lol a quick bit of googling suggests MPs were getting £15 a day for lunch until the expenses scandal kicked off. That's pretty much what I get a day to live on, including rent. Which I'm fine with. I expect nothing more than food and shelter. I just think that those who think that the unemployed are sponges need to take a serious look at how the world actually works. There's a great many people sponging a lot more out of the system than I could ever dream of. All I want is to not be hungry and homeless. I don't think that's unreasonable to expect that from a supposedly civilised society. | |
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11-08-2014 01:29 PM
#29
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I've just thought of a way to oblige ongie and cut the welfare budget as well.export him to the third world where living costs are cheap , so his food and rent will be a fraction of the price and his smoke is likely to be locally produced and therefore a lot cheaper. weather likely to be better than here as well. THerefore could probably cut his dole money to a third of what it is now and he would likely be better off. |
11-08-2014 04:10 PM
#30
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Maybe they should legalise cannabis. That would stop me being unemployed very quickly. | |
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11-08-2014 04:24 PM
#31
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Lol just could you're a stoner doesn't mean legalised weed would somehow make you employable. What about all the people out there who have spent the last 10 years holding down a job and getting high. | |
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11-09-2014 05:05 PM
#32
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lol the point I was making is that I'd be more than happy to grow weed rather than claim benefits. All that's stopping me right now is the idea that I could go to prison for doing something that I don't even consider the slightest bit immoral. If they legalise weed, I'd start growing and I'd be off benefits as soon as the first crop was harvested. What I'm not going to do is go and work for some cunt so that I can spend the rest of my life in misery. | |
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11-09-2014 05:11 PM
#33
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LMFAO ........ don't you think everyone else would immediately think the same thing , grow their own weed and more besides to sell and then find that no one was buying cos they were all growing their own . |
11-09-2014 05:15 PM
#34
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Is everyone growing tomatoes? | |
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11-09-2014 05:17 PM
#35
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are tomatoes a high value crop? |
11-09-2014 05:20 PM
#36
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Everyone won't do it for a number of reasons. For a start, people can't be arsed. The investment isn't insignificant. Also, it's not actually that easy. I've done it before. Things can go wrong. Pests and mould are a constant issue. Things like temperatue, humidity and ph levels need constant attention if you're going to get the best quality. People usually do one or two crops, making shit weed in the process that barely gets them high, and give up, because it's not as easy as they thought it would be. Not me. When I was growing I was making quality weed that people thought was being imported from Amsterdam. I just couldn't hack the paranoia. | |
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11-09-2014 05:23 PM
#37
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For legal reasons I would like to say that the above post is just me lying through my teeth in a pathetic effort to impress my internet pretend friends. I have never broken any law ever, to the best of my knowledge. Fact. | |
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11-09-2014 07:02 PM
#38
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in which case you will be up against the market garden scale producers, pests and moulds will be no problem as they will use insecticides and fungicides, heating costs will be reduced by using large greenhouses. they will be able to produce at a price that you won't be able to compete with. You would be really screwed if spain and france legalize too as spains costs of production would be a lot lower and they would have year round cheap production and cheap transport into in the uk. |
11-10-2014 02:45 AM
#39
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Yeah I'm pretty sure we can all agree that changes to the law would do very little to change the fact that ongbonga is a lazy scrounger. Maybe cutting benefit rates to the point where single people can't afford to live without doing some form of paid work would help. Lol at him getting the "not insignificant" investment as well. | |
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11-10-2014 05:32 AM
#40
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Ok, on a more serious note, why do think it's reasonable for a civilised society to pay for you to survive. Because what you're saying is it's reasonable to expect me to pick up your tab. Your reasoning seems to be that because I pay for other things like politicians and bombs that I should also be willing to pay for you to bum around all day getting high and playing poker. I just don't see how you think that's reasonable. | |
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11-10-2014 07:33 AM
#41
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Why do I think it's reasonable for a civilised society to pay for me to survive? A few reasons really. First of all, I'm forced into this society. It's not like I can opt out. Also the idea that a civilised society leaves the unemployed to simply fend for themselves, well it kind of negates the idea that it's a civilised society in the first place. What happens if benefits are cut? The welfare bill goes down, but at what cost? Yup, crime goes up massively, which in turn means the prison bill goes up. I can tell you it would cost a lot more to keep me in prison than it costs to keep me idle. But mainly, the real reason why a civilised society has a moral obligation to pick up the tab is because we abolished slavery a century ago. When somebody HAS to go to work to survive, they are a slave. People only have a choice when that choice is viable... and if there's no income for the unemployed, then people do not have a choice. Of course we do have a choice, we're not slaves. But the powers that be try their very best to make us slaves. They drum conformity into our heads from a young age. They sure like to press the idea that those who refuse to engage in the system are scroungers. Even you have the "why should I" attitude that the capitalist system breeds. But of course the real scroungers are the politicians who claim everything off the taxpayer, or the fatcat boss who plays golf while his employees work their asses off for him to be able to afford such a lifestyle. I'm not a scrounger for expecting £15 a day to avoid having to engage the system, beg or steal. The amount of money the taxpayer spends making sure the unemployed are not all homeless and hungry is insignificant when compared to the amount of money waste on other aspects of government. | |
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11-10-2014 07:43 AM
#42
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Pests and moulds are still a problem because spraying your plants with shit is not a good idea. Not when people are gonna be smoking that shit. All you're doing here is demonstrating why it's harder than people realise. The top companies who are driving the prices down are going to be a problem, yes. But they will not be able to drive the prices down to the point it is unviable for me to do it at home, because a home crop that has constant attention will nearly always provide a better quality crop than a large scale industrial crop. Basically, I'm in no doubt I could find buyers for my weed, if I were to grow again. People want quality smoke, and that doesn't grow like the weeds you find in the garden. | |
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11-10-2014 07:48 AM
#43
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Oh and when you say year round, it gives the impression you think that my smoke is grown in the great outdoors, with beautiful rays of sunlight. Not so. I'll have a year round crop growing in the fucking tropics of a Midlands cellar. | |
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11-10-2014 08:04 AM
#44
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I think you're problem is a complete lack of ambition which is possibly due to how much weed you smoke. I probably lived a version of your life when I was a student. But even then I had ambitions of something better. £500 per month is a pretty miserable existence. There's so many interesting things to see and do and experience and have sex with in the world. But you miss our on 99.999999% of it. | |
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11-10-2014 08:07 AM
#45
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Also, you do engage the system when you take it's money each month. If you really wanted to live outside of the system you'd live in the woods in a shelter made of trees and eat berries and rodents until you died of a horrible disease at a young age. Your argument falls apart here because you'll take what you can from the system when it suits you and then cry foul when it doesn't. | |
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11-10-2014 08:07 AM
#46
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Ok so I should go and be miserable at work so I can enjoy life? Is that what you call ambition? | |
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11-10-2014 08:09 AM
#47
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11-10-2014 08:13 AM
#48
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It's a sacrifice, a trade off. At the moment you sacrifice all of the good things life has to offer in order to sit around getting high. Not to mention the fact that you could always try and get a job you'd enjoy, but that would take time and effort which you aren't willing to spend. | |
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11-10-2014 08:20 AM
#49
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You're jumping to a few conclusions here. Let's just clear one thing up... I'm 35 years old and have done the working things before. I've had jobs that I enjoy. But even then I didn't like the people I was working for. And you assume that I'm unwilling to put time and effort into making my life better. What makes you think you know me even remotely well enough to draw these conclusions? You're wrong. | |
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11-10-2014 08:28 AM
#50
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Well you say you have no money, live off benefits and sit around all day getting high. Perhaps there's a whole range of activities you enjoy which you don't share on ftr and you live a fulfilling and exciting life. You're right, I have no idea. | |
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11-10-2014 08:33 AM
#51
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I don't blame the system for my current life. Tha's where you're jumping to the wrong conclusion You seem to get the impression I'm unahppy with my life. I'm very happy. It's other people who assume I shouldn't be happy. | |
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11-10-2014 08:40 AM
#52
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Lol £500 is not your fair share! You have no fair share. It's fair that the system provides when you need it through unfortunate circumstances. Its like a form of insurance for when you fall on hard times. That money is a portion of what the rest of us pay to ensure that if any of us fall on hard times there is a safety net. You are reducing the size of that safety net by being a non contributing drain on it. | |
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11-10-2014 08:42 AM
#53
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Ong, you are not stupid. I don't believe that you believe the crap you are spewing. | |
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11-10-2014 08:46 AM
#54
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Or maybe join a hippy commune that is self sufficient. | |
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11-10-2014 08:49 AM
#55
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I don't even mind your poncing that much. But at least admit you're a lazy cunt who sponges off the rest of us rather than spouting this self righteous bullshit. | |
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11-10-2014 08:53 AM
#56
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I think the idea of "fair share" is massively skewed in a capitalist society. | |
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11-10-2014 08:57 AM
#57
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11-10-2014 08:58 AM
#58
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Ok. So lets rewin a few hundred thousand years. There is no society. You would have to work to eat and shelter yourself. That work would be physical hunter gatherer type stuff. If you didn't, you'd die. | |
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11-10-2014 09:01 AM
#59
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Wayne Rooney is deserving of that money. Through his own effort he nurtured a skill that millions of people are willing to pay to see him perform. Those people pay that money willingly. If they didn't he wouldn't get it. | |
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11-10-2014 09:05 AM
#60
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11-10-2014 09:06 AM
#61
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No Wayne Rooney is not deserving of that money, but I get why you think he is. I don't blame Rooney for taking advantage of all the morons who think kicking a ball is a measure of success. But it definielty goes a long way to demonstrating how fucked up the world is. Rooney earns like £250k a week or whatever, it's sick money. I get £500 a month for doing shit all and I'm made to feel like I'm a bad person for it. | |
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11-10-2014 09:30 AM
#62
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That's because you take our money and aren't deserving, we willingly give him our money and he isn't deserving in a moral sense. But we give it to him and you take it from us, that's a big difference. | |
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11-10-2014 09:38 AM
#63
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Oh my god you're right, I'm a terrible person. I'm a thief and a liar. I should go to prison. | |
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11-10-2014 10:35 AM
#64
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ehh, you were doing alright up to this point. | |
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11-10-2014 10:54 AM
#65
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It was more the fair share comment that annoyed me. Bumming off the state is one thing but trying to justify it as anything but living off of everyone else's hard work is just plain wrong. | |
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11-10-2014 11:11 AM
#66
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Well I was born into this shitting country and it's fucking system, so yes I hold the opinion that the nation owes me a meagre living. Next year I'll be voting for the Greens. I've never voted before, and while I briefly flirted with the idea of voting UKIP, I'm very likely to lean Greens, simply because they want to legalise all drugs, ban animal tesing, and give EVERYONE a living income, which would mean I don't have to bullshit a job search every two weeks, and it means you don't have to cry about my pissy survival because you too would get what I get, plus whatever you earn. | |
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11-10-2014 11:49 AM
#67
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Yeah I can see why the sense of entitlement might irk you. There was a period in my life where I had less disposable income doing full time work than my brother did signing on, and it was easy to feel a little disheartened with the system. Why work when I'd be financially better off just to go have 3 or 4 kids and sign on? It actually took a fair bit of life grind on my part to reverse that trend and I kinda agree with ong about the system, the jump from unemployment to employment works out at like £1/hr or something for a lot of people so there's not a huge incentive to give up 40 hours of your life to go and do it | |
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11-10-2014 12:13 PM
#68
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I'm glad you're not bothered luco. Ofc it makes no difference if I work or not, dan's tax burden will remain unaffected by my employment status. But I understand why it pisses people off, I've had this argument with close friends. Not all of my friends are happy to see me lazing around while they go and work. But they seem to forget that they have wives, kids, cars, mortgages. That's what they're making the sacrifice for. I'd feel a lot differently about working if I had kids to support, and I'd very likely have very little interest in the political rantings of a layabout stoner. So I see where dan is coming from. But I'm certainly not going to apologise to anyone for my refusal to engage. I'm not doing anything wrong. I hate the way the world works, wish to play as little a role in it as possible, and as such I'm simply defaulting to the path of least resistance. | |
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11-10-2014 03:18 PM
#69
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oooo so much to comment on |
11-10-2014 03:31 PM
#70
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This bit is a really good point, that isn't too critical of you and your lifestyle in it's essence. | |
Last edited by rong; 11-10-2014 at 03:37 PM. Reason: getting rid of the bits that abuse ong betfore he's had a chance to answer
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11-10-2014 06:40 PM
#71
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tl;dr | |
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11-10-2014 06:54 PM
#72
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Oh ffs I saw this... | |
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11-10-2014 07:34 PM
#73
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11-10-2014 07:55 PM
#74
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Oh and for someone who didn't like me stereotyping, I'd like to point out that I don't drink beer, and I despise Jeremy Kyle. I drink tea while watching lectures on particle phsyics, I'm not your average layabout dole scum. | |
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11-11-2014 04:32 AM
#75
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