SteveSharpe wrote:Simple, Don't Panic !!
I've been doing this just 10 days and I made my first mistake. I found a juicy arb (Back 6.5 / lay 6.0) that locked in nearly £2 profit as a qualifying bet at bet365 so I opened an account and had both their site and betfair open at the same time. I placed my back bet and then went to lay it at the exchange with a risk of nearly £300. When I went back to bet365 they had refererred my bet and only accepted a stake of £45.45, meaning I was short of a match. Initially I panicked, emailed bet365 in disghust, why have a £50 free bet match if I can't bet all £50 of it etc but then when I calmed down I simply went back to betfair and placed a back bet at odds of 5.8 to offset the shortfall, common sense really. What could have been a disaster should result in a very small net loss instead of the £2 win I had envisaged but most qualifying bets resut in small losses.
Now I have a £45.45 free bet and will earn another 3 in time. I'm going to make as much money of them as I can, squeeze every penny
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