Matched Betting Tutorial
What Is Matched Betting?
If you haven’t tried matched betting yet, you need to check it out. If you learn how to apply the technique properly, it’s a guaranteed win every time. This tutorial will teach you everything you need to know in order to become successful at matched betting and help you step by step in placing your first matched bet. First, let’s define what matched betting is. In the simplest terms, the essence of this technique involves two steps.
The first step is taken with the purpose of obtaining a free bet from a bookmaker, with little or no risk, by placing two “matching” bets on the same event to cover all possible outcomes, one with the bookmaker to win and another with a betting exchange to lose. The second step involves following the same procedure using your resulting free bet from the bookie on another event for a guaranteed profit. To understand the technique fully, let’s look at the process in detail, step by step.
Covering the Odds
For the purposes of matched betting, there are two ways that you will bet on any event, the back and the lay, and you will use them both simultaneously. The first thing to do is determine the minimum qualifying odds for obtaining your free bet. Find an event that meets this criteria to both back with the bookmaker and lay with the betting exchange that has nearly even odds on both the back and the lay. Ideally, you want to find a lay odd that is a bit less than the back odd. For example, matching a back of 4.0 with a lay of 3.8 would be an arbitrage bet with a nice profit that would still earn you the free bet.
However, finding these matches on your own can take a tremendous amount of time and effort, so take advantage of our free matched betting section to conveniently find back/lay arbitrages up to 0.3% completely free. You will then be ready to place your low risk or risk free qualifying bet by simultaneously betting to win with the bookmaker and laying the loss with the betting exchange.
The Qualifying Bet
The first bet is known as a qualifying bet, because this is the bet that will qualify you for a free bet with the bookmaker. First sign up with one of the bookmakers in our free bets section, then open a betting exchange account with Betsson or Betfair
Betfair , which will also give you a free £25 bet with our special sign-up offer. Next, as mentioned above, you want to find an event that has close to the same odds on both the back and the lay, with the back being a bit higher than the lay. Either way the event turns out you will break even, or more likely, see a nice little profit on this first bet and you will also qualify for your free bet from the bookmaker.
The Free Bet
Now that you have qualified for your free bet from the bookmaker, it’s time to make some profit. Repeat the process above by finding an event that has a good matched bet with odds for the back and the lay nearly even. Place your free bet with the bookmaker to win, and lay the same bet to lose with BetFair and regardless of the outcome you will win. In order to clearly illustrate how matched betting actually works, let’s look at the following examples using exactly matched odds for both the back and the lay.
How Matched Betting Works
The Qualifying Bet
You bet £10 with the bookmaker on Team X to win at 4.0 odds and simultaneously lay odds with BetFair at 4.0 odds that the team will lose. All possible outcomes break even for you, netting the free bet in the process.
If Team X Wins: You receive £40 from the bookmaker (your original stake plus £30 in winnings), but you lose your lay bet with BetFair giving up your £30 in winnings, leaving you with your original £10 stake and a net of £0.
If Team X Loses or Draws: You lose your £10 stake with the bookmaker, but you win £10 on your lay bet with BetFair, leaving you with your original £10 stake and a net of £0.
With either outcome, you lose nothing and obtain your free bet in the process.
The Free Bet
Now you bet £10 with the free bet from the bookmaker on Team X to win at 4.0 odds and simultaneously lay odds with BetFair at 4.0 odds that the team will lose with a £10 stake of your own.
If Team X Wins: You receive £40 from the bookmaker (your original stake plus £30 in winnings), but you lose your lay bet with BetFair giving up £30 of your winnings, leaving you with a net of £10.
If Team X Loses or Draws: Since you did not bet your own stake, you lose nothing, but give back the £10 free stake to the bookmaker. In the process, you win £10 on your lay bet with BetFair netting £10 in winnings.
With either outcome, you have netted £10 using your free bet.
Recap
1. Sign up for an account with the bookmaker of your choice in our free bets section
2. Sign up for an account with BetFair.com or Betsson.com
3. Find an event with qualifying odds that offers as close to perfectly matched odds as possible between the bookmaker and BetFair.com
4. Make a qualifying bet with the bookmaker and a corresponding matched lay with BetFair to net your free bet from the bookmaker with little or no loss
5. Repeat Step 3
6. Repeat Step 4 using your free bet
7. Enjoy your risk free profit thanks to the free bet offers from our selected high quality bookmakers!
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