Strategy for 15% cashback on net losses
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A friend of mine has asked advice for a strategy for matched betting for 15% cashback on net losses every week. I’m not sure what bookie it is. But you get 15% cashback on net losses every week. The cashback is paid out every Monday. So for example you bet £100 in the week, you won £80. That’s a -£20 net loss. So 15% of that is £3 which would be paid every Monday. Obviously if you won more than £100 you wouldn’t get anything.
Is there any strategy to make this work? I’m unsure what to suggest. 15% is not that much tbh. But i’m wondering if anyone has any ideas to do some matched betting and potentially earn something each week. The only hurdle i see is you aren’t guaranteed to be at a loss each week. Should we back and lay close matches with low or high odds? Obviously high odds has less chance of winning but if it does win, you are screwed since it would put you up massively for the week. Low odds has more chance of winning but if it does win it has low return. Thanks.
