{"id":6141,"date":"2019-10-09T11:38:17","date_gmt":"2019-10-09T10:38:17","guid":{"rendered":"https:\/\/www.oddsmonkey.com\/blog\/?p=6141"},"modified":"2023-09-25T11:13:22","modified_gmt":"2023-09-25T10:13:22","slug":"potential-profit-risks","status":"publish","type":"post","link":"https:\/\/www.oddsmonkey.com\/blog\/matched-betting\/potential-profit-risks\/","title":{"rendered":"Potential Profit Risks"},"content":{"rendered":"

\u201cPOTENTIAL PROFIT\u201d OR \u201cPOSITIVE EXPECTED VALUE +EV\u201d OFFERS CAN LOSE YOU MONEY. BUT OVER THE LONG TERM, BASED ON MATHEMATICS AND PROBABILITY, YOU SHOULD EXPECT TO MAKE A PROFIT. <\/strong><\/em>PLEASE READ THIS POST TO MAKE SURE YOU UNDERSTAND POTENTIAL PROFIT OFFERS AND THAT YOU ARE COMFORTABLE WITH ALL OF THE ASSOCIATED RISKS.<\/strong><\/em><\/p>\n

Potential profit offers are very different to \u2018traditional\u2019 matched betting where we are mainly dealing with bookmakers sign up and reload offers. Potential profit offers are typically in the form of casino offers, but can also be associated with bookmaker offers, such as Bet365\u2019s 2Up offer. OddsMonkey Premium members can read more on the offer here<\/a>.<\/p>\n

What is Potential Profit?<\/h2>\n

When an offer is highlighted as having \u2018potential profit\u2019, the expected value is in your favour. Probability suggests that over a period of time, you would expect to be in profit from this offer. See how the expected value of an offer is calculated in more detail<\/a>.<\/p>\n

An example of this can be found with the Mecca Bingo offer highlighted below:<\/p>\n

\"potential<\/p>\n

With this offer, when we wager \u00a325, we get a \u00a35 bonus. This can be repeated 3 times. So the offer could be described as: \u201cWager \u00a325 and Get \u00a35 Bonus\u201d or \u201cWager \u00a350 and Get \u00a310 Bonus\u201d, as well as the post title \u201cWager \u00a375 and Get \u00a315 Bonus\u201d.<\/p>\n

Understanding how the value of an offer is calculated is a great start.<\/a> However, as this is a potential profit offer, you should understand that there is the potential to lose money. With each of these above offers you have the \u2018potential\u2019 to lose all of the money you stake. While this is highly unlikely, as casinos are generally randomly generated, anything is possible.<\/p>\n

IF YOU FEEL YOU ARE STARTING TO \u2018CHASE LOSSES\u2019 OR BECOMING ADDICTED TO ANYTHING RELATED TO GAMBLING, PLEASE SEEK HELP. CLICK THE LINK BELOW TO BE DIRECTED TO OUR GUIDANCE POST ON WHERE YOU CAN GET SUPPORT.<\/strong><\/p>\n

OddsMonkey Premium members can find more information about help with any gambling issues here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cPOTENTIAL PROFIT\u201d OR \u201cPOSITIVE EXPECTED VALUE +EV\u201d OFFERS CAN LOSE YOU MONEY. BUT OVER THE LONG TERM, BASED ON MATHEMATICS AND PROBABILITY, YOU SHOULD EXPECT TO MAKE A PROFIT. PLEASE READ THIS POST TO MAKE SURE YOU UNDERSTAND POTENTIAL PROFIT OFFERS AND THAT YOU ARE COMFORTABLE WITH ALL OF THE ASSOCIATED RISKS. Potential profit offers are very […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_breakdance_hide_in_design_set":false,"_breakdance_tags":""},"categories":[87,61],"tags":[11216],"yst_prominent_words":[1505,1327,571,161,5138,159,162,200,151,10375,6615,10371,10374,182,741,10373,764,10372,1468,10376],"acf":[],"_links":{"self":[{"href":"https:\/\/www.oddsmonkey.com\/blog\/wp-json\/wp\/v2\/posts\/6141"}],"collection":[{"href":"https:\/\/www.oddsmonkey.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oddsmonkey.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oddsmonkey.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oddsmonkey.com\/blog\/wp-json\/wp\/v2\/comments?post=6141"}],"version-history":[{"count":1,"href":"https:\/\/www.oddsmonkey.com\/blog\/wp-json\/wp\/v2\/posts\/6141\/revisions"}],"predecessor-version":[{"id":6142,"href":"https:\/\/www.oddsmonkey.com\/blog\/wp-json\/wp\/v2\/posts\/6141\/revisions\/6142"}],"wp:attachment":[{"href":"https:\/\/www.oddsmonkey.com\/blog\/wp-json\/wp\/v2\/media?parent=6141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oddsmonkey.com\/blog\/wp-json\/wp\/v2\/categories?post=6141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oddsmonkey.com\/blog\/wp-json\/wp\/v2\/tags?post=6141"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.oddsmonkey.com\/blog\/wp-json\/wp\/v2\/yst_prominent_words?post=6141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}