Sunday, 13 May 2012

One Month of Matched Betting

Matched Betting? What is it about? Well I've mentioned it before on this blog here and that was just between two betting exchanges and giving you around £20 for free and £25 risk free from Betfair.

Now I am going to show you how to take advantage of over £500 of bookmakers bonus offers and free bets and to be able keep the around 80% as cash in the bank, this is perfect way for a newbie to add massive funds to their bankroll but at the same time starting off with minimal investment of around £50-100.

Bookmakers like to entice you in and give you free bets they want new customers and their doors are for you.

Each Bookmaker or betting exchange will offer you a free bet based on your initial bet you place with them, this is called the qualifying bet, once this has been settled you will be awarded a free bet of the same stake e.g. Place a £25 bet and get a free £25 bet.

This diary will run for 30+ days and also the days will be numbered they dont have to be followed consecutively and can be done at your leisure and just complete one or two offers per week, they end result will be the same and you will still have earned around four times your starting bank, this is perfect for any traders who want to start trading on the football at Euro 2012, you could have a £500 bank from £100 outlay in a months time.

So let me give you a brief description of what its all about and how we do it-

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.

Now before we go and put any real money into any bookmakers or betting exchanges, I am going to run you through an example of one free bet offer we did last month.

You can see from the picture above that we have covered both sides of the market and whatever happens we will make a small lose any either betting exchange, but here's the best bit is that for around 60p loss we will be awarded a FREE £25 from BETDAQ and although the stake is not returned SNR we could still have earned around £18 for free from this free bet offer.

When Matched Betting, even though we have covered all of the outcomes to place the bet and get the free bet offer, it is always best if you can pick an outcome that is likely to win at betfair as this is where we would be placing our lay bets during the matched betting process and also we wont have to go through any playing above certain odds before withdrawing from bookmaker, and bookmakers would also like you to 'lose' on their side of the Matched Bet as they would see you as a losing customer and would offer further free bet offers and refund offers as well.

So in summary-

  • Find an event taking place where the back odds at the bookmaker and the lay odds at the betting exchange are quite similar.
  • Remember to select DECIMAL odds at the bookmaker as this is how the odds are displayed at a betting exchange and obviously allow them to be compared easier.
  • Try to pick and outcome that will win at the betting exchange- ie When using a football match and you have chosen the 'draw outcome', where you think one team will win, thereby losing at bookmakers and winning at betting exchange, returning your money back to betting exchange.
  • Remember to email for the Matched Betting Spreadsheet to help you work out the calculation to get the most money from your FREE BETS and BONUSES.
  • Email address for spreadsheet

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