Why does Horse Racing affect our Matched Betting accounts?

Tom-MBFMug Betting

Horse Racing Gubbed Matched betting

Horse Racing & Losing Accounts

It’s not a great feeling to lose bookmaker accounts, as it leads to a reduction in profits.

Many people say taking part in Horse Racing offers is a one way ticket to losing accounts, today I will discuss why.

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Other Useful Guides

To help you understand what Horse Racing promotions are, I have another post which you may find useful. This guide will help you understand how to profit from Horse Racing.

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What Horse Racing Promotions are available?

There are many different Horse Racing promotions available for you to take advantage of. These range from ‘Free Bet if Your Horse Wins’, ‘Free Bet if your Horse finished 2nd or 3rd, and so on! Different bookmakers run these promotions, so if you choose different horses you get a great chance of earning multiple free bets!


Typical Offers Available

BET365
£50 Free Bet if Winner


If you pick a winner with Bet365, they will give you a free bet to be used on the next Horse Race!

PaddyPower
Free Bet if 2nd


PaddyPower often run the ‘Free Bet if your Horse Finished 2nd’. This is a great offer as it gives you the chance to load up with multiple horses for 1st and 2nd place.

Why do you get gubbed fast when doing Horse Racing Offers?

If you take part in Horse Racing offers regularly, there is a definite risk of you losing some bookmaker accounts.
Especially if you keep your Qualifying Losses as low as possible, as this means you are taking exceptional value.

The issue is, when Matched Betting, we have to take qualifying losses which are as low as possible, in order to make as much money as possible from that promotion. Look at the Below:

Profit is reduced as your larger losses eat into your returns on the free bet.

If you don’t hit the refund, qualifying losses can mount up. For Example, if you lose £2 trying to hit the refund & don’t hit the refund for 5 races, that’s £10 spent on Qualifying alone!
The only benefit is that the bookmaker will be more tolerant, as you’ve not taken exceptional value.

The problem with taking minimal losses are that we aren’t leaving the bookmakers any room to make money, as I posted in my How Bookmakers Profit post , if bookmakers aren’t making money, they will soon want you off their books!

It’s a lot more profitable to take the lowest qualifying losses, as it means we can take a larger ‘run of losses’, meaning we don’t hit the refund for a few races.

What Gets us Gubbed?

Close Matches

As explained above.


PriceWise Boosts

PriceWise boosts are profitable, but you often get stake restricted if you bet on these week in, week out.



Arbitrage

Arbs will be the end of your accounts, as it’s making profit regardless of a free bet etc.


Withdrawing

I’m sure this has an affect, I have received Gub emails soon after withdrawing myself. It could be a coincidence.



No Mug Betting

Mug Betting can be your friend. If you only bet on the Offer races, the bookmakers will soon realise what you’re doing.


Winning

Bookies just hate us winning, so they need to put an end to our success, to make their business profitable.



This subject can be quite difficult to advise on, as there isn’t any set criteria for losing an account.

I wish there was! This would mean we knew the exact conditions required for KEEPING OUR ACCOUNTS!


Promotions


I personally stick to Football, which does result in less profit, however it seems to be more sustainable!

The Horse Racing Promotions are profitable, you can easily earn £150 a weekend from the promotions, but unless you build a solid Horse Racing Profile, this profit will be short lived!


Strategy


The best strategy here is to build a solid profile, before smashing all of the promotions.
Profile building is key, so dedicate some of your profits each week to doing Accas etc.
I introduced a friend to Matched Betting who only bet £1-2 before, he then started increasing stakes to £25 on offers and was instantly restricted. Ease into this!


Conclusion


My Conclusion isn’t too conclusive! This is because there isn’t a definite way to keep your accounts, I just know of the best ways to prolong yours.

The idea is to make yourself look like a punter,have a look through your bet history, have you only used Free Bets?

Punter profiling is the best way to retain your accounts.

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