How I Made £86,124 Using Outplayed’s Steam Chaser Tool
During much of 2024, Outplayed have been hard at work building one of the most powerful betting tools ever available.
A select few individuals were able to use the Steam Chaser tool as part of the vigorous testing done to ensure its profitability over the long run.
One of these testers made an incredible £86,124 profit over eight months.
Luke (whose name has been changed to protect his identity) has volunteered to share his journey revealing the process he followed to make over £86k using the Steam Chaser.
Before jumping in, keep in mind that Luke has been value betting for many years and has a larger bankroll than most, but you will be able to learn a lot from his story and can use that to emulate his results using your own level of experience and bankroll.
Discovering Value Betting And Steam Chaser Success
Like many others, Luke first started his profitable betting journey using Matched Betting but now focuses almost exclusively on value betting and has done so for around five years:
“I don’t do much Matched Betting anymore, but if I’m ever offered a free bet of over £10, I’ll likely grab that.
I focus on value betting most of the time and the tools I use the most are (in order):
- Steam Chaser most of the week.
- Extra Place Master generally Wednesday to Saturday.
- Lucky Finder during any horse racing festival or on busy weekends.
- 2UP Master on both Friday night and Saturday night.”
Since he started using the Steam Chaser around eight months ago, Luke has made £86,124 in pure profit. He did this by turning over £716,541 worth of bets on UK bookies giving him a yield of 12%.
This comes in at over £10k profit per month on average which is seriously impressive. However, placing over £700k worth of bets seems like a huge amount of bets but Luke explains how he achieved this over the course of 2024 and shared some screenshots of his bets and profit/loss statements:
“To place the volume I did, I used nearly 100 different UK bookmaker accounts.
I don’t record bets on an individual basis because it’s time-consuming and all I want to do is try and record a large volume of bets. Instead, I record the starting balances of accounts, end balances, and how much is wagered on each account if the account is eventually stake-restricted.
My average bet size is around £100 on each bookmaker, but I may take a bet multiple times over multiple bookmakers if the bet is particularly high value or the opportunity is around for a while. This means I have placed around 7,165 bets this calendar year, which works out at around 30 bets per day on average.
As I don’t record individual bets it’s hard to say the exact average odds I use but I’d imagine on the Steam Chaser the average odds I take are around 2.5 - 3.0.”
Steam Chaser Filters And Optimising Turnover
The Steam Chaser interface can look daunting at first glance with the wide range of filters and settings available. Luke explains how he sets up the Steam Chaser for his bets:
“In terms of sports I mainly look out for Soccer, but do mix in some Basketball/Tennis/Hockey when I’m using bookmakers I don’t care about losing too much.
I don’t filter by bookie because I think it’s always worth looking for the match on bookmakers I have open anyway.
Some bet selections can often have slightly varied names to the software, so sometimes you need to find them based on kick-off time or by looking for similar names.
On the “markets” filter - I filter out Team Totals, I’m not sure if they will lead to gubbings as I’ve never tried many, but it feels too obscure so I avoid them.
I set the steam % filter to 15% and leave the odds range filter set to min odds 0 and max odds of 4.0.
For the periods filter - I choose the soccer full match only option when using soccer bet.
I set the time until filter to the next 12 hours. I would imagine that any longer than this is going to be suspicious for a bookmaker, reducing this further might be wise for bookmakers that you want to keep for longer.
Any other filters I leave as the default.
In my Steam Chaser settings I also often have .75 and .25 “spread intervals”, “totals intervals” and “show team goals” turned off to reduce the clutter on the page.”
Luke goes on to explain how he’s been able to optimise his turnover by forward planning and a professional office setup:
“I have multiple bookmakers always loaded and often hit the same selection over multiple sites when possible. I also plan ahead when big sports events are taking place and work as many Saturdays as possible when there are lots of soccer matches taking place around the world.
I also have six monitors. I’ve always thought that investing in additional monitors is one of the easiest ways to increase your betting volume, as it becomes much easier to monitor bookie's odds vs the Steam Chaser as well as allowing you to use other betting strategies at the same time.
The best time to place bets is always Saturday in the build up to kick-off times. I get down around five times more volume on a Saturday than on a Monday for example, and the days leading up to Saturday get increasingly better. Sunday is often not bad for football when there are lots of matches taking place.”
Dealing With Variance, Account Limitations And Best Bookies
Using value betting tools such as Steam Chaser requires a long-term focus and the ability to deal with inevitable periods of downswings in profit. Luke describes how he has learnt to manage this over time:
“I’ve been gambling for a living for over ten years now from poker, high-risk casino and now mainly value betting and have had multiple large downswings, but you eventually remove yourself from both winning and losing.
After numerous years of value betting, I know the strategies are working, the results are out of my control, and downswings are inevitable. I advise anyone starting always to bet a maximum of a quarter Kelly staking strategy and to adjust their bankrolls in line with this when on down/upswings.
The most prolonged losing period this year has been around two months; in previous years I’ve had 3 - 4 months before I was back to the previous peak, but fortunately, nothing as severe this year. As I say, I don’t record individual bets, but if I had to guess, my biggest downswing using the Steam Chaser this year was around £7k.”
Using long-term strategies like value betting you also need to be able to handle when bookmakers limit your betting accounts. Luke sticks to a set of rules to help him prolong the life of his accounts:
“I place bets close to kick-off and mainly stick to soccer bets. I also avoid handball and volleyball on most sites even where there are available bets showing on the software.
I’m extra cautious with the bookies that provide most value, these can change often, but over the long run if I had to pick my top three I’d go for Bet365, Sky Bet and 888sport.
I tend to not use Betfair Sportsbook and Paddy Power anymore as they seem to limit bets very quickly in my experience. I also avoid using Steam Chaser on some bookmakers and use a different strategy to begin with like 2UPs, for example. This helps keep the account open for much longer than hitting the Steam Chaser straight after the account set-up.
The lesser-known bookies that I don’t use for anything else will always just get used straight away to hit the Steam Chaser as I'd rather extract as much as possible in the shortest time possible and then move on to the next opportunity.”
Minimum Bankroll And Time Needed
The Steam Chaser and value betting is not for everyone and you do need a certain level of experience, bankroll and time to begin. Luke describes how he has learnt to manage this over time:
“I would start with at least around £2000 - £3000, but I would try to heavily avoid spending this bankroll and let it grow, preferably mixing in things like low-risk casino/sports Matched Betting offers to get this building up as quickly as possible. Money makes money, and at the start of value betting, the difference in hourly rate vs using a larger bankroll size will be massive.
I place value bets full-time but “work” more/less during busy/quiet times. If you have a relatively big bankroll and don’t mind big swings in profit, then only having Saturdays available would still make value betting very worthwhile, but of course, the more time you put in, the more you’ll get out.”
Summary
Luke’s results are quite extraordinary and it's great to see how they are broken down to see exactly how he achieved them using the Steam Chaser tool.
At Outplayed we’re looking forward to seeing more amazing results from using the powerful Steam Chaser and if you have any questions or if you want to share your own results please do get in touch.
Updated: 24 Dec 2024
The Author
Ben is an expert in Matched Betting with nearly a decade of hands-on experience. He enjoys sharing his knowledge and is dedicated to creating high-quality, beginner-friendly content that educates and informs readers about the amazing opportunity that Matched Betting is.