Saturday, 7 April 2012

How to make money on the betting exchanges

If we go right back to basics and cut out any gambling here and approach our trading bank building process in another way, a way of 'Matched Betting'-

Matched betting, or back and lay bet matching, is a betting technique used by individuals to profit from the free bets and incentives offered by bookmakers. It is generally considered risk-free as it is based on the application of a mathematical equation rather than chance. A typical return for a matched bet where the stake is returned is 85%+ of the free bet offer amount, and 70%+ where the stake is not returned.

To put that into everyday speak, we are going to place bet - both back and lay bet to cover the outcomes of an event to return our original stake, sometimes for a small lose depending on odds or even a small profit or scratch, however once we have placed the bets and the markets have settled the bookmaker will now load our bonus into our betting accounts, these bets can be stake returned or SR, or can be stake not returned or SNR. As stated above the type of bonus bet will affect the amount of bonus you will be able to bag.

Below is a real time example and one you can even go and use yourself, the first bonuses will be from Betfair (No risk bet, ie you get your money back if your bet loses) and Betdaq (which is an SNR bonus bet) beware that each individual betting and exchange and bookmaker will have specific odds at which bets must be placed, at Betdaq it is 1.5.

I have picked out the Man Utd v QPR game for Sunday using the Match Odds market as the loss is so small.

Below is a picture explaining the two bets required to be placed at each Betting Exchange-

Click on the picture to enlarge

As you can see our initial back bet at Betdaq is-
  • Back Stake £25
  • Back profit £4.75
  • Back loss £25
Our second bet at Betfair is as follows -
  • Lay Stake £25.75
  • Lay profit £24.46
  • Lay loss £5.15
In summary we have worked a position where we can guarantee a free bet of £25 at Betdaq for a £0.54 loss on any outcome and if Man Utd don't win then we will have further £25 because of their no risk bet offer. To place both of these bets we only need a bank of £30.22 to start of on our matched betting journey, as you can see we could of nearly doubled our bank or even tripled it by the end of the bank holiday weekend.

Good luck

If your a newbie this will definitely help you grow your bank over the next few week, tomorrow I will document how to use the bonus and explain why its best for the outcomes to lose at Betfair

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