matched betting
- Thread starter mickburns
- Start date
Prey tell
...............How does it work?
Firstly, you don't need to know all the betting terminology if you follow the steps below, but it's important that you know two types of bet which allow matched betting to work:
A 'back' bet
Betting for a certain outcome to come true. Eg. "I bet England will win" is a backing bet. If it comes true, you win the bet and the winnings. If England lose or draw, you lose your stake. You can place a back bet at any bookmaker, such as Paddy Power, William Hill, Ladbrokes etc.
A 'lay' bet
Betting against a certain outcome to come true. Eg. "I bet England will not win" is a lay bet. If they lose or draw, you win the bet. You can only place a lay bet at a betting exchange such as Betfair.
Matched betting works by cancelling out the risk on the 'back' bet at the online bookies by betting against yourself at the same odds (know as 'laying' a bet) which you can do at a betting exchange. In other words, you are 'matching' your bet.
Following your first or 'qualifying' bet, you will then be awarded the free bet by the bookmaker. This is where the profit is made. Quite simply, you repeat the process: bet using the free bet and then lay the bet. Whatever the result you are guaranteed to make a profit (which I'll be demonstrating below).
How much profit can I make?
For each matched bet, you will be left with up to 95% of the free bet amount as profit. This is because betting exchanges usually charge a commission of 5% on winnings. You may also make a very small loss on the qualifying bet due to the minor difference in odds on each website. This is normal, and you will recoup this when you use the free bet.
In the steps below I'll show you how to profit from a £20 free bet using a real life example. Replicate the same steps across the hundreds of free bet offers each year and you can quickly be looking at £1,000s. Personally I have made just over £1,200 in 18 months from matched betting alone.
And it's worth pointing out, earnings from the gambling industry are currently tax-free.
What's the risk?
Anyone can learn how to do matched betting and, in theory, there is no risk involved because you are covering yourself by betting for and against the same event.
However the risk comes when mistakes are made so, once again, you need to double-check everything and follow the steps exactly. On rare occasions free bets do not always come through right away, so just be patient.
Once you've understood the process and been successful by following the steps below, you can then continue matched betting at many other online bookies with free bet offers (see my table at end) which can quite quickly land you a lot of money without risk.
It's also worth knowing that depositing at gambling websites does not affect your credit rating.
Thats basically what its all about
if you have no bookie accounts then in about 1 months time you can make about 500-1000£ risk free
Firstly, you don't need to know all the betting terminology if you follow the steps below, but it's important that you know two types of bet which allow matched betting to work:
A 'back' bet
Betting for a certain outcome to come true. Eg. "I bet England will win" is a backing bet. If it comes true, you win the bet and the winnings. If England lose or draw, you lose your stake. You can place a back bet at any bookmaker, such as Paddy Power, William Hill, Ladbrokes etc.
A 'lay' bet
Betting against a certain outcome to come true. Eg. "I bet England will not win" is a lay bet. If they lose or draw, you win the bet. You can only place a lay bet at a betting exchange such as Betfair.
Matched betting works by cancelling out the risk on the 'back' bet at the online bookies by betting against yourself at the same odds (know as 'laying' a bet) which you can do at a betting exchange. In other words, you are 'matching' your bet.
Following your first or 'qualifying' bet, you will then be awarded the free bet by the bookmaker. This is where the profit is made. Quite simply, you repeat the process: bet using the free bet and then lay the bet. Whatever the result you are guaranteed to make a profit (which I'll be demonstrating below).
How much profit can I make?
For each matched bet, you will be left with up to 95% of the free bet amount as profit. This is because betting exchanges usually charge a commission of 5% on winnings. You may also make a very small loss on the qualifying bet due to the minor difference in odds on each website. This is normal, and you will recoup this when you use the free bet.
In the steps below I'll show you how to profit from a £20 free bet using a real life example. Replicate the same steps across the hundreds of free bet offers each year and you can quickly be looking at £1,000s. Personally I have made just over £1,200 in 18 months from matched betting alone.
And it's worth pointing out, earnings from the gambling industry are currently tax-free.
What's the risk?
Anyone can learn how to do matched betting and, in theory, there is no risk involved because you are covering yourself by betting for and against the same event.
However the risk comes when mistakes are made so, once again, you need to double-check everything and follow the steps exactly. On rare occasions free bets do not always come through right away, so just be patient.
Once you've understood the process and been successful by following the steps below, you can then continue matched betting at many other online bookies with free bet offers (see my table at end) which can quite quickly land you a lot of money without risk.
It's also worth knowing that depositing at gambling websites does not affect your credit rating.
Thats basically what its all about
if you have no bookie accounts then in about 1 months time you can make about 500-1000£ risk free
Last edited by a moderator:
You need to credit your source(s) when you copy and paste stuff mickburns.
"Personally"? ... that's copied and pasted also.
"Personally"? ... that's copied and pasted also.
Its posted all over the net with different bits added or removed.
It certainly is, though that "Personally I have made just over £1,200 in 18 months from matched betting alone." line seems to be in all of them.
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hi i only copied and pasted to give an idea of what it was,
me personally i have made £7700 in 8 months
also above i said if you have no bookmaker accounts you could make £500-1000 depending on funds but i was actually puting the post up to se if any other members were doing it to shre tips/methods etc
arbs/sharbs/underlays rollovers,dutching etc
but if it is easier just remove the post
overthefence
DW Regular
Matched betting is good to turn bookmaker offers into free cash but this along with Arbing will get you noticed and restricted.
I have lost valuable accounts with Bet365 and others and they no longer accept any of my bets.
I say valuable accounts as I do a lot of Greyhound betting and 365 price up nice and early so now I miss most of the value. I also therefore do not get the £50 in play offers they do on the big footie matches etc.
So yes if you don't want an account trade the hell out of them and take the "free" cash.
If you do want the account couple of things I would say are
1) Never bet to "pence" I.e if a trade says £15.83 then round to £16.00 as that's less likely to attract attention though £15.00 or £20.00 would be better.
2) Never take overnight prices on selections that others have not priced up or you think will shorten, Regularly beating SP (Starting Price") will get you closed down.
I have lost valuable accounts with Bet365 and others and they no longer accept any of my bets.
I say valuable accounts as I do a lot of Greyhound betting and 365 price up nice and early so now I miss most of the value. I also therefore do not get the £50 in play offers they do on the big footie matches etc.
So yes if you don't want an account trade the hell out of them and take the "free" cash.
If you do want the account couple of things I would say are
1) Never bet to "pence" I.e if a trade says £15.83 then round to £16.00 as that's less likely to attract attention though £15.00 or £20.00 would be better.
2) Never take overnight prices on selections that others have not priced up or you think will shorten, Regularly beating SP (Starting Price") will get you closed down.
I know what you are saying, if i do the £50 inplay offer i guarantee myselft 35-40£ profit and then i do a few "mug bets" adn that keeps them sweet, i have placed bets on horses that shorten overnight, not restricted with bet365 yes, although i did get restricted on ladbrokes after my £100 free bet won at 16/1 lol
i still get bets on but at £5 etc haha
That's fair enough, but, as I said in my original post, you have to be honest if you're doing a copy and paste job, and credit the source.
Agree ^^^^^ That's basic forum etiquette
Fangface
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And after checking the actual site rules it appears that you don't have to.
There is not one rule in the site policy that says you have to do it. 'Forum eitiquette' is not a rule so wind your neck in.
You are really becoming a troll on here fangface with your 1 am posts and pm,s. Its getting a bit boring now tbh.
nice one m8
Except, neither nara nor IANB said it was in the forum rules... (Although it's been a requirement in the news sections for almost as long as I've been a member.)
Whilst it may not be stated in the rules, neither is any other aspect of copyright law. However, for clarification, this CJEU ruling from Feb 2014 is one of the reasons why we ask for the source/link: Linking to freely accessible copyrighted content without permission not an act of infringement, rules CJEU
(And why copy-and-pasted guides from other forums tend to get rewritten.)
Fangface
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Here's the link in case I get in trouble for not posting it.
https://i0.wp.com/scm-l3.technorati.com/11/06/23/46057/rules.jpg?t=20110623053448
Fangface
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Didn't you say personal abuse was against the rules?
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