Make money from Matched Betting (full guide)

Owen Burek

By in Make Money. Updated December 2014.

bag of moneyNow, I'm not a gambler by any means. But I have made enough money from bookmakers in just six months to pay for an £860 flight (return) to Australia. And I've got some company too after walking a good friend through this risk-free technique.

The result is this guide, where I'll share the exact steps with you too, including screenshots and a free tool.

Why should I trust this guide?

What I'm teaching you here is a completely legal, tried-and-tested method called 'matched betting'. It basically allows you to turn the tables on the bookmakers to extract their free bet offers.

Matched betting is legal and a spokesperson for William Hill has indicated that the betting industry does not have a problem with this use of free bets – Wikipedia

student thinking
I've used it myself for several years and have never lost any money doing it, but I have taken my time and been very careful to avoid making mistakes. Do not rush this guide – make sure you understand it 100% before depositing any money, and please ask any questions in the comments if unsure of anything.

I'll be taking you through the 'need-to-knows' then showing you how I made £15 in 30 minutes in a full-blown example.

There are websites out there that charge you handsomely for this information, but you don't need to pay here. Put half an hour aside, read this guide carefully, and you'll have made your first matched bet and up to £20 profit.

Article in the Guardian on matched betting

Piece by The Guardian on making money from free bets

Positive comments

One of many comments on this page by other readers

What is Matched Betting?

Matched betting is a way of squeezing out the many free bets offered by bookmakers. All the bookies promote these offers (especially during big sporting events) to entice new gamblers to place bets with them.

For example, "bet £25 with us and we'll give you a £25 free bet!".

Matched Betting Header

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.

smiley_faceFollowing 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.

poundsign_shakyIn 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?

question_markAnyone 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.

I make no apologies for the length of this guide! You'll need some patience and about 30 minutes to spare. Bookmark it if you want to come back later.

Your First Profit in 7 steps

Note: This is literally a step-by-step, hold-your-hand kind of guide. There's lots of fragmented information out there on forums etc, which can often result in costly mistakes for novices. Below I outline exactly the steps I follow, using the practical example of one PaddyPower free bet. So long as you follow word for word, you can't go wrong. I strongly suggest reading through all the steps first before making any bets. Join my free mailing list and leave a comment at the bottom if you need any help.

  1. Sign up for Betfair.com

    Betfair logo whiteBetfair is a betting exchange where you can 'lay' bets to cancel out your risk at the bookmakers.

    Unlike traditional bookmakers, Betfair is a place where you bet against other people.

    They sometimes even offer free bets for new customers too (if you're lucky).

    Register on Betfair.com

  2. Sign up for PaddyPower.com

    Paddy Power betThe best offer by far right now is with Paddy Power who are offering £20 free bets on new sign ups when you bet just £5 (don't worry we'll be matching this too). So we'll be using this 'bookie' in this practical example.

    Always check the T&Cs of receiving free bet offers. There may be some restrictions on what you can bet on or an expiry date.

    They will also tell you whether or not the free bet is returned with winnings. In this example and generally speaking it is not, but we'll still be making a nice profit.

    During registration, you will be prompted to make a deposit. Choose one of the many payment types and deposit just £5 (needed to unlock the free bet).

    Register on PaddyPower.com

  3. Use decimal odds

    Once you've logged into PaddyPower.com, change your odds display from fractions to decimal for easy comparison with Betfair. You can do this from the selection in the sidebar across the site. This is essential!

    Choose Decimal Odds

    Found bottom of left sidebar

  4. Find & place your qualifying bet

    Ideally you want to find a sporting bet (I recommend football) which has the closest odds on both PaddyPower.com (the bet to back) and Betfair.com (the lay bet).

    Lay odds on Betfair are the red boxes, not the blue. If you cannot see any red boxes, you need to go to the exchange by clicking the top left link "Go to Exchange" or "Exchange".

    Betfair Exchange

    For this free bet offer, PaddyPower's terms state you must pick odds of 1.5 or greater. It's better to choose a bet with low odds for this step, between 1.5 and 4.0 if possible.

    See my example below then use the automatcher tool which does everything for you!

    My example

    I used the automatcher below which suggested a football match between Everton and West Brom. So I put "Everton v West Brom" in the search boxes on PaddyPower and Betfair which quickly threw out the Match Odds (ie. Win-Draw-Lose) on both sites.

    I will back Everton at PaddyPower.com with odds of 1.61 and lay that same bet on Betfair.com with odds of 1.60.

    Choosing the odds

    In my example bet, the difference is 0.01 which the automatcher calculated as giving me a small acceptable loss of 7p on this qualifying bet.

    Here are my betting slips on both websites for my qualifying bet:

    Matched Bet Betslips

    Automatcher tool (Qualifying bet)

    Use the automatcher tool below (which replaces my spreadsheet). This will save you a LOT of time and maximise your overall profit.

    It fetches live odds from PaddyPower and finds the equivalent lay odds on Betfair for thousands of upcoming football matches.

    The hardest part is also done for you, which is to calculate the best matches for your qualifying bet based on the closest possible odds and smallest loss. Feel free to switch between them and the steps and calculations will be updated (below the table).

    Just click the blue refresh icon to start and then follow the 4 steps.

    Get bonus tips & notifications

  5. Claim your free bet

    In my Everton v. West Brom game, Everton won 2-1. So my return of £8.08 ended up on my PaddyPower account. Meanwhile I lost the £3.11 (my "Liability") on my Betfair account. The total amount between the accounts is therefore £4.97, which is a loss of 3p (marginally less than the 7p estimate, due to some tiny differences we don't have to worry about).

    Now I have placed and seen through the £5 qualifying bet, I now have a £20 free bet!

    This gives me a total credit of £28.08 in PaddyPower, but I'm only going to use the £20 free bet and will withdraw the rest later. My Betfair account is down to £6.89 (my initial deposit of £10 – £3.11) and will need topping up for the next bet (see below).

    So whatever your outcome, because you matched the bets, you will have close to your £5 back between the 2 websites (minus the small loss we expected).

    The free bet of £20 will be credited to your PaddyPower account (if not after 24 hours, contact customer services 08000 565 275).

  6. Find & place a new bet

    We're basically going to repeat the process in step 4, but using the £20 free bet instead of the £5.

    Update: If you receive 4 x £5 free bets, simply place all of them on the same event but as separate bets.

    This time it's worth picking odds greater than 3.0 to maximise your profit, but just bear in mind that the higher they are the more you'll need to have in your Betfair account to lay it (see the "Liability" amount in the tool below).

    My example

    I used the next step of the automatcher (embedded below) which suggested a football match between Algeria and Ivory Coast. The odds are above 3.0 and have only a 0.1 difference between the websites.

    You'll see below that I am backing Algeria to win on PaddyPower (5.0 odds) and then I'm laying that bet (for Algeria not to win) at Betfair (4.9 odds).

    Choosing the odds again

    On Betfair I already had £6.89 remaining from the first bet, so I deposited £58 to more than cover my calculated Liability (total £64.89).

    Here are my bet slips on both websites for my free bet:

    betting slips using free bet

    The automatcher below calculated that I'll make a clear profit of £15.67, whatever happens. Nice :)

    Automatcher tool (Free bet)

    Just click the blue refresh icon to start and then follow the 3 steps.

    Once again, feel free to switch between the matches in the table and the calculations will be updated.

  7. Cash out the profit

    Whatever the outcome, you will now be in profit to the amount calculated in the automatcher. Now it's time to cash out!

    In my example of the Algeria v. Ivory Coast game, the score ended in a draw at 2-2. This means that I lost my £20 free bet on PaddyPower (because I backed Algeria to win) and the winnings of the matched bet totalling £16.49 ended up in Betfair. Once you deduct Betfair's 5% commission on winnings I'm left with £15.67 profit, which is exactly the amount of profit calculated for me by the automatcher.

    My matched betting profit

    After both matched bets, I now have £8.08 in my PaddyPower account and £80.56 in Betfair. PaddyPower will only let you withdraw a minimum of £10 (even though I didn't have to) so you may need to top it up first. I then withdrew the full Betfair balance back onto my debit card.

    My total profit from both matched bets, accounting for all factors such as the 3p loss on my £5 qualifying bet, totals £15.64. I spent just under 30 minutes on the whole process, giving me an hourly rate of £31.28 if I move onto the next of many free bets out there (best listed below). Beats stacking shelves…

Please share with your friends!

If you enjoyed and profited from this guide, sharing it is the best thanks you could give. And I'm sure they'll appreciate it too :)


More Free Bets

chart risingIf you are confident enough with the process of matched betting and eager to make much more profit, then work through the free bet offers in the table below (ordered by ease).

The same key steps above still apply, and I've written a mini guide for each one. As always, check the terms of each offer.

Subscribe for new free bets

As you can imagine, free bet offers come and go. Most weeks I scout around for any new ones, and if I think they're worthwhile I'll add them to the table below.

But subscribe to my free bet offers list and I'll share the best ones with you before anyone else, as well as the odd extra tip.

 

Current free bet total: £533

BookieDepositFree betMin. oddsClaim offer
William Hill£10£201.20Claim Now »
Sky Bet£5£202.00Claim Now »
Ladbrokes£25£251.50Claim Now »
Coral£5£251.50Claim Now »
Betdaq£30£302.00Claim Now »
888sport£10*£882.00Claim Now »
188Bet£50£501.50Claim Now »
Betfred£25£252.00Claim Now »
WinnerSports£5£202.00Claim Now »
Tote sport£5£102.00Claim Now »
BetAtHome£30£151.70Claim Now »
Betfair Sportsbook (not exchange)£10£301.20Claim Now »
Paddy Power£5£201.50Claim Now »

Click for even more free bets »

Note: Although the greatest care is taken and these free bets are researched regularly it's important that you check the full terms and conditions of each free bet offer after clicking through to the bookmaker's site.

Need help? Got a question?

For anything else, please use the comments below and I'll get back to you.

Disclaimer: Please note that neither the author nor this website accept any liability for how you use the advice given on this page. So read it carefully, and if you decide to follow the steps then you use it at your own risk! Gamble Aware.

Leave a comment



677 Responses to “Make money from Matched Betting (full guide)”

  1. Ryan

    18. Dec, 2014

    Hi again,

    So I placed my £5 on sky bet and £5.28 backers stake on bet fair. Sky bet won so I received £10 and i lost the £5.28 with bet fair.

    I then used my free bet for the West Ham v Leicester game on Saturday. I placed £20 for Leicester to win on sky bet and £66.06 on bet fair; the potential profit is £14.68.

    I just have a few questions :

    1) The £10 I made on sky bet from my first £5 bet; that’s mine and I can keep that, correct?

    2) I understand that if I win my £20 free bet on Saturday I will win £80. However, if I win with bet fair, do I get my £66.06 back PLUS the £14.68?

    I hope this makes sense.

    Thanks

    Reply
    • Jake Butler

      19. Dec, 2014

      Hi Ryan,

      1) The £10 you made on the first bet is yours but don’t forget that it’s minus the £5 you deposited + the £5.28 you lost on Betfair so you’re loss on that would be 28p.

      2) If you win on Betfair you only win the £14.68.

      Jake.

      Reply
      • Ryan

        19. Dec, 2014

        Hi Jake,

        Surely if I only win £14.68 and don’t get my £66.06 back I am at a loss?

        Thanks

        Reply
        • Jake Butler

          19. Dec, 2014

          You do get the £66.06 back but that was yours already. The £14.68 is your profit.

          Reply
  2. Matt

    18. Dec, 2014

    Jake bet365 offer a large free bet of up to £200 but there is no mention of this offer on your site. Is there a specific reason you do not include this offer?

    Reply
    • Jake Butler

      18. Dec, 2014

      We’ve chosen not to include it for now because it requires a lot of rollovers and upfront money.

      It’s also a little complicated so we didn’t want to confuse people or have them lose money.

      Reply
  3. Ryan

    17. Dec, 2014

    Hello,

    Firstly thanks very much for this, its amazing!

    I just need to check. I had got up to the point where I deposited £5 into PaddyPower and realised I already have an account with them. I contacted them and they confirmed I wouldn’t get the free £20 bet. Just to check – this would still work if I goto another betting website listed about which was offering a free offer and followed the instructions on here?

    Thanks

    Reply
    • Jake Butler

      17. Dec, 2014

      Hi Ryan, we have a list of more free bets at the bottom of the guide that you can use. Use the drop down menu in the automatcher to choose one and then play that through.

      Reply
  4. Nicholas

    16. Dec, 2014

    Hello Jake! Thanks for the brilliant guide. Here’s a quick check out… for Bet-at-home, I tried to enter the bonus code “FIRST” as stated in your guide, but it is incorrect. Please check if this code is still valid? Thanks in advance and have a good day.

    ———————————————————————

    New information from the customer service: The bonus code is now “TOPUK” and their new bonus is 50% up to 20 GBP for a deposit of at least 40 GBP.

    Please do keep it up to date as well as the amount that I should put at stake for lay(at Betfair). Thanks again!

    Reply
  5. Ian

    15. Dec, 2014

    Hi the Betway offer says ‘… make a deposit up to £50 and bet it risk free. If you lose the deposit, Betway will give you a free bet of the same amount, up to £50.’

    Does this mean that if the deposit bet wins there is no free bet given?
    Thanks

    Reply
    • Owen Burek

      18. Dec, 2014

      Yes, though you would of course get the winnings. Having said that there is some risk involved now with this so I’ve taken it off the table. Thanks for the update.

      Reply
  6. simon

    15. Dec, 2014

    Paddypower free bet offer currently only matching amount of original stake!

    Reply
    • Jake Butler

      17. Dec, 2014

      Are you using our special offer link? Looks fine at this end.

      Reply
      • simon

        17. Dec, 2014

        used the link, but after i signed up it said the amount of free bet would match what I bet up to £20. However, I now have £20 free bet credited after £5 first bet. So sorted!

        Reply
  7. sharise

    11. Dec, 2014

    Hi! Am looking into getting extra cash and came across this guide. I’ve completed the first couple of steps and am just awaiting the results of the match. I’ve received my free 20 pound bet from Paddy Power and am unsure of what I do now.

    I read the guide yesterday and I thought I understood it. Making match bets so I’ll win whatever the outcome, yes. But I figured I’d continue when I’m less tired. So I reread the guide today and have found that I’ve confused myself.. Could I please get a little more advice on the ‘liability’ cost? I’m told I need little of 50 quid on BetFair for the next bet but it says I will get this back. Naturally, I’m a little hesitant about putting so much money into this, so I need assurance that I will indeed get it back. Thanks! :)

    Reply
    • Jake Butler

      12. Dec, 2014

      Hi Sharise, as long as you play through your free bet in the automatcher free bet section for Paddy Power and follow the instructions you’ll be ok.

      If you end up losing the liability of around £50 on Betfair is will be covered by your winnings on Paddy Power (likely to be around £65).

      Reply
  8. Neil S

    10. Dec, 2014

    OK. Say I have more money to play with (but dont want to be too stupid incase small chance they dont pay out). Am i right in thinking, best way to make more money.
    1. Choose poor odds but similar odds,, so to lose and get paid on the betfair side (so you dont have to keep playing with the bookmaker side?
    2. Horses or dogs may be better, quick and fast? than say football.. can you recommend other events – for fast gains
    3. You should only put in the value of the amount of the free bet and a lil more, but no point putting in more?
    4. Putting more money compared to a free bet amount is pointless..as you are limited to that 50quid or whatever..

    Basically, how do i do this is if i have more money to play with.. but, efficient and bigger gains!!??

    Reply
    • Jake Butler

      12. Dec, 2014

      Hi Neil,

      1. This only applies for rollover type free bets. If you can work all your winnings onto Betfair then that’s the best outcome. Make sure the odds are still well matched though.
      2. By all means bet on dogs and horses etc but you will have to track down the matching odds yourself as we currently don’t have the data for them.
      3. I am not 100% sure what you mean? If you are talking about the liability you’ll need to put the amount the automatcher suggests or your bet won’t be completely matched meaning you’ll be running a risk…
      4. You can only make profit from the free bet amount so putting any more in is completely pointless yes!

      There is no way to make money with your own money. Profit can only be made on the free bet amount… This means having more money doesn’t really benefit your or give you more gains.

      Reply
  9. Sharon

    08. Dec, 2014

    Hi Jake I understand that “As mentioned in the guide, a lay bet it when you bet against a certain event. For example if you lay a win you are saying that the win won’t happen which then covers a loss and a draw.” but I just registered at Betfair and I am offered 30 free bet if I will bet at least 10. So I am wondering what would be the best way to get those 30 from Betfair because for example on PaddyPower I need only to bet 5 to get my free bet.. What would you suggest me in that case? I am going to make my first bets Today. Would really appreciate your advice.

    Kind Regards,

    Sharon

    Reply
    • Jake Butler

      08. Dec, 2014

      Hi Sharon, Betfair has 2 sections of the site… the exchange (where you can lay bets) and the sportsbook (similar to other sites like Paddy Power).

      The free bet is only for the sportsbook.

      This means you’ll have to bet in the sportsbook and match it in the exchange part of the site. After you’ve done this matched bet you should then move onto Paddy Power.

      Reply
      • MaT

        08. Dec, 2014

        So, in this case, basicly I’m doing matched betting within one site? Is it fully all-right?
        I mean if they check me (wich is quite easy because I do both transactions at one bookie), it will be 100% obvious that I just want withdraw their free money.
        Is there anything about this in the T&C’s?

        Reply
        • Jake Butler

          08. Dec, 2014

          We can’t guarantee that it won’t be found out. This is why we suggest that you forgo the Betfrair Sportsbook free bet.

          Reply
  10. suman

    08. Dec, 2014

    hi jake, wanted to ask u something. as u know matced bet only for new customer. that means u have to open an account and deposit then place a bet and you will get matched bet.. thats fine so far i have understood. as far as i know there r mayb 20 betting companies tota; doing matched bet for new customers so my question is when you open all (20) account and placed free bets then you will have nowhere to open an account.. then how u r gonna get the free bet? as you have opened all betting account and placed all bets. 20 companies means you can win only 10 times….after that what will u do?

    Reply
    • Jake Butler

      08. Dec, 2014

      After you have opened all the accounts there isn’t much you can do apart from wait until they offer you more free bets. This sometimes happens if your account is idle or if a big event (eg World Cup) is coming up.

      Reply
  11. Liew

    07. Dec, 2014

    Hi Jake. I have done my free bet using the 20 pound of free bet from Paddy Power.

    I would like to ask if I could deposit money into PaddyPower and BetFair using the same method to earn money? Or this guide only applies to free bet offered by bookmakers?

    Cheers! Have a nice day.

    Reply
    • Jake Butler

      07. Dec, 2014

      Hi Liew, you can only make money through utilising free bets.

      Reply
  12. MaT

    07. Dec, 2014

    Hi folks,
    First of all thank you for the idea & this guide, I think I’m the poorest student in the UK at the moment, hopefully it’s gonna help me a little :)
    I have one question before I start; can I use cashback sites when I register to a bookie and this way squeeze more money out of the system? I mean get the bookie’s free bet and the cashback from the cashback sites as well?
    Cheers ;)

    Reply
    • Jake Butler

      08. Dec, 2014

      Hi, you may be able to do it but we cannot guarantee that they will pay the cashback to you. On top of this we have a few exclusive offers withe the bookies that these sites may not have.

      Reply
  13. Yew

    06. Dec, 2014

    Hi there, thanks a lot for this, please do correct me if i am wrong. This concept is basically having a ‘lay’ bet on 1 site while a ‘back’ bet on another site, the money I earned is actually from the free bets. My question is what happens if the result is a draw continuously for a few times, won’t I be losing money?

    Reply
    • Jake Butler

      07. Dec, 2014

      As mentioned in the guide, a lay bet it when you bet against a certain event. For example if you lay a win you are saying that the win won’t happen which then covers a loss and a draw.

      Reply
  14. Sharon

    05. Dec, 2014

    Hi there,

    I have registered for Betfair and PaddyPower made a deposit 5 GBP on Paddy and 10 GBP on Betfair. But I am now a little bit confused how to use this system as it says “On Paddy Power place a £5.00 bet” and “On Betfair Exchange find the same match. Then click on the lay odds containing 2.12 (a red button) and type £5.07″ So it is Okay with Paddy as I will get free bet but how about Betfair? I need to place at least 10 GBP bet to get my bonus and as it suggests “type 5,07 GBP”

    Could you please help me with that?

    Regards

    Reply
  15. Joe

    05. Dec, 2014

    Hi Jake, thanks for the brilliant guide. Currently just working my way through the list. Set up a new account with the code (got a green tick when registering) for Betdaq, made 3 x £10 bets… no sign of the free bet. Does this come in after the first 3 have run their course?
    Many Thanks
    Joe

    Reply
    • Joe

      05. Dec, 2014

      Just read the uber-fineprint and answered my own question! .. ‘Free Bet will be credited to Customer’s account within 72 hours of the qualifying conditions being met’
      Thanks anyway.
      I’m a student and this is really helping, how often do new offers come around? ie. once I have a registered account and have used up the ‘new customer’ free bet.

      Reply
      • Jake Butler

        08. Dec, 2014

        Hi Joe, nice one for checking. To be honest there’s no real way of knowing when more free bets will be offered to you. It’s the luck of the draw really.

        Reply
  16. Michael Edwards

    04. Dec, 2014

    Hello there. Can you please tell me a cheaper betting exchange site that you can lay bets. After the qualifying bet there is no way I can deposit at least 58 pounds for the liabililty amount for betfair.

    Reply
    • Owen Burek

      04. Dec, 2014

      You can reduce the amount needed by choosing lower odds. In the tool try selecting different events and see how the liability amount changes.

      Reply
      • Michael Edwards

        04. Dec, 2014

        Thank you Owen. Can you tell me on average how many bets you can make in one month?

        Reply
        • Jake Butler

          08. Dec, 2014

          As many as you like. Although once you’ve used up all of the free sign up bets you cannot use them again.

          Reply
  17. Dave

    02. Dec, 2014

    Guys a piece of advice, bookmakers always make you play through your winnings at least 3 times. They want you to ‘gamble’ and they want you to eventually lose.

    The way around this is simple, make sure you match bets at high odds 7/1 8/1 etc, this way you will almost always win in betfair and your money will grow. You will ‘lose’ at the bookmakers which means you dont need the hastle of withdrawing money from them.

    The other bonus of doing this is the bookmaker will see you as a great customer; one who loses money! They will often entice you back in and offer more free bets in the future!
    I have at least 3 emails a month giving me free bet offers as I’m a perfect customer who always loses my bets with them :) – My betfair balance is getting VERY healthy!

    Reply
    • Jake Butler

      04. Dec, 2014

      Hi Dave, only a few of the bookies require you to rollover your bets in order to withdraw. If they do we make sure to mention it.

      Great tip though in case they do.

      Reply
  18. Anthony

    01. Dec, 2014

    I don’t have access to my laptop at the moment. On the mobile apps it doesn’t let me place ‘lay’ or ‘back’ bets. Only home – draw – away. Any way around this?

    Reply
    • Jake Butler

      01. Dec, 2014

      You need to make sure you are in the exchange section of the site as opposed to the sportsbook.

      Reply
  19. DavidS

    30. Nov, 2014

    Hi,

    First off just want to say what a great guide this is. Really easy to understand and use :)
    Do you (or anybody) know which bookmakers DON’T require you to play through your freebets before you can withdraw the money? I know Coral, Paddypower and Winner don’t do this but I’m finding a lot of places that unfortunately do and it’s putting me off using them.

    Any help is much appreciated!

    Thanks,

    David

    Reply
    • Jake Butler

      01. Dec, 2014

      Hi David, the majority of the free bets in our table don’t require you to rollover before you can withdraw. From the ones that we’ve included 888Sport & 188Bet are currently the only ones that do.

      Reply
  20. Neill

    27. Nov, 2014

    Hi all.. I am a forex trader and with fx carries huge risk. I was interested in this principle but wondered … two things firstly can you not just use the betfair account and put the back and lay bets on that and could you not alter the odds of the lay bet to just cover the (risk) or the stake of the back bet? Thus making a break even or a win each time??

    Reply
    • Jake Butler

      01. Dec, 2014

      There is no risk to matched betting!

      It’s worth remembering that you can only make a profit with free bets so the suggestion above unfortunately won’t work.

      Reply
  21. Matt

    24. Nov, 2014

    Okay so I did my qualifying bet no problem. Got my Paddy Power free bet. Used the automatch tool to back a draw tomorrow night. I have also done my lay bet for the same fixture. On processing I have noticed that a small part of the lay bet has been matched but a large part hasn’t!

    Is this bad news, and if so what do I do so I don’t lose out?

    Cheers

    Reply
    • Jake Butler

      25. Nov, 2014

      Hi Matt, please read the FAQs for info about partially matched or unmatched bets.

      Reply
  22. Sam

    24. Nov, 2014

    How does this work when there is a playthrough of 4x deposit and bonus?

    Do I just repeat matching bets until I’m allowed to withdraw?

    Reply
    • Jake Butler

      24. Nov, 2014

      Yes, you play through your deposit and bonus as “qualifying bets” because your stake should be returned. You do it until you can withdraw.

      Reply
  23. Rachael Furmage

    24. Nov, 2014

    Hi there,

    Amazing guide! Thanks so much :-) very clear and easy to follow. I’ve done a few of the offers and will be doing more. Just a quick question. I’ve noticed the following statement within quite a few Terms and Conditions on various betting sites:

    “If there is evidence the terms have been breached and that customers are using free bets or other promotional offers to guarantee profits regardless of the outcome we reserve the right to void free bets or any bets funded by bonuses.”

    What does this mean? Could I lose my winnings from my free bet?

    Also I noticed that some say only one free bet per household. Does this mean that my partner can’t bet on the sites that I have already registered with?

    Thanks in advance, again amazing guide!

    :-)

    Reply
    • Jake Butler

      25. Nov, 2014

      Hi Rachael, all of these sites mention these T&Cs and although there is a very small risk it’s very rare for them to ban any users. We’ve never heard of anyone that’s come across any issues.

      You are correct that some of the bookies only allow one free bet per address so your partner would not be able to claim the free bets from these ones I’m afraid.

      Reply
  24. Alex

    23. Nov, 2014

    Hello Jake….i would really like to start matched betting but i have a bit of a problem and need your help, basically i already have a paddy power account which has £9.67 and i also have a coral account which currently has 6.50 (these are from me converting enhanced odds into real money before i saw your article so i would mind using either) and i just opened up a betfair account and deposited £10….so i was just wondering how i can matched bet with those amounts as i am not sure how to properly use your automatcher tool with those amounts.

    thanks.

    Reply
    • Jake Butler

      24. Nov, 2014

      Hi Alex, always remember that you can only make money from free bets. Unfortunately this means you’ll most likely have to us other sites than Paddy Power and Coral. If you want to work out your own odds you can use the advanced setting in the tool at the bottom of the dropdown for the bookies.

      Reply
  25. Matt Jennings

    23. Nov, 2014

    Really great guide and have set up my first qualifying bet. This might be a really dumb question but can the same principle be applied to just using you own money to grow it? (For example if I didn’t want to set up loads and loads of accounts). I only ask because I don’t quite understand why you need to take that initial loss on the qualifying bet. I’m guessing it’s just because of the size of the stake and the odds.

    Apologies if it is a dumb question.

    Reply
    • Jake Butler

      24. Nov, 2014

      You can only make money using free bets and not your own money unfortunately. If you matched a bet with your own money the difference in odds means you’d make a small lost every time.

      Reply
  26. Seb

    23. Nov, 2014

    Hi Jake

    Nice post. Just want to check – have you (or anyone else that’s reading) been inundated with calls from various gambling companies though?

    The privacy statements from just a couple of the sites indicate that your info will be shared with a whole host of organisations who, I worry, will badger me no end. Wouldn’t be too bad if it was just emails, but as you have to give your postal address and phone number, I’m concerned by the prospect of a load of junk mail and unwanted calls.

    Anyone’s experience would be much appreciated!

    Cheers

    Reply
    • Jake Butler

      24. Nov, 2014

      Personally I’ve been signed up to some of the sites for around 3 years and probably receive around 3-5 calls every year. I just politely tell them that I’m not interested.

      Reply
  27. sanket

    23. Nov, 2014

    Hey! Can we consider matched betting as a regular source of income on long term basis?

    Reply
    • Jake Butler

      24. Nov, 2014

      It won’t make you rich but you could reasonably look to gain around £200/year after the initial £1000+ from all the free sign up bets.

      Reply
  28. Connor

    20. Nov, 2014

    Can someone tell me how to make money on the ‘risk free’ bets where you only get the free bet if your first bet loses as its confusing me

    Reply
  29. Tom

    18. Nov, 2014

    Hi Jake,

    Great guide and I was thinking of trying this for the first time. What would you consider a good profit for one of these free bets?
    e.g. if the best showing up at the moment is £13 profit or so for paddy power, or £70 for ladbrokes, is it worth waiting until something better is available, or is this as much as I can reasonably expect to make?

    Tom

    Reply
    • Jake Butler

      18. Nov, 2014

      Hi Tom, around £13-15 for PaddyPower and £70 for Ladbrokes is pretty decent.

      Reply
  30. Steve

    17. Nov, 2014

    If I have already signed up to betfair exchange to do previous bets then is it still possible to get the free £30 from betfair?

    Reply
    • Jake Butler

      17. Nov, 2014

      Hi Steve, unfortunately not.

      Reply
  31. Thomas

    16. Nov, 2014

    I am just wondering why you need to ‘lay’ the first bet? If you are guaranteed to make a loss on it by ‘lay’-ing it then why not just use the qualifying bet on a normal match (e.g Chelsea to win) and then only lay the resulting free bet? You cant then make a loss on the first bet at all as worst case is you go back to 0 and still have the free bet to use later? Or am i missing something?

    Reply
    • Jake Butler

      17. Nov, 2014

      You lay the first bet so that you minimise your potential losses (and therefore take away the gambling aspect). If you didn’t match it you could potentially lose the whole bet (as opposed to a few pennies) and then end up without an overall profit (or a lower overall profit) at the end.

      Reply
  32. Hanny

    15. Nov, 2014

    I was just wondering what was the best way to use my qualifying bet for betfair (I have to bet £10 at 1.2 to get my freebet)
    I am told to put my £5 qualifying bet using paddy power but only £4.85 with betfair which means I won’t qualify for free bet on betfair. or should I just place a random bet first to qualify before I start match betting?

    Thanks in advance.

    Reply
    • Jake Butler

      16. Nov, 2014

      Hi Hanny, to get the free Betfair bet I believe you have to use the “sportsbook” section of the site. It’s best to treat this as a seperate bet. In other words you will need to make a £10 sportsbook bet and then match it in the Betfair exchange.

      After that bet has settled you can then move onto the Paddy Power bet.

      Reply
  33. Oliver Bayer

    14. Nov, 2014

    Is there a reason Bet Victor were left of the list with their free £25 bet or? Thank you very much for a very helpful guide!

    Reply
    • Jake Butler

      17. Nov, 2014

      Hi Oliver, we chose not to list the offer for now as the T&Cs changed regularly. We’ll look into adding it in future though.

      Reply
  34. Magda

    14. Nov, 2014

    Hey! I wanted to try this method but for some unknown reason betfair insists that I already have an account on their site??? And I DON’T??? Any idea what’s up with that??

    Reply
    • Jake Butler

      16. Nov, 2014

      Hi Magda, I’d suggest talking to their customer support about this.

      Reply
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