Make money from Matched Betting (full guide)

Owen Burek

By in Make Money. Updated August 2016.

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 £13 in 20 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 free bet with Coral. 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 Coral.co.uk

    Free bet The best offer by far right now is with Coral 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 Coral.co.uk

  3. Use decimal odds

    Once you've logged into Coral.co.uk, change your odds display from fractions to decimal for easy comparison with Betfair. You can do this from the link in the top menu across the site. This is essential!

    Choose Decimal Odds
  4. Find & place your qualifying bet

    Ideally you want to find a sporting bet (I recommend football) which has the closest odds on both Coral.co.uk (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, Coral'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 Liverpool and Sevilla. So I put "Liverpool v Sevilla" in the search boxes on Coral and Betfair, then found the "Match Result" market on Coral and "Match Odds" on Betfair.

    I will back Liverpool to win at Coral.co.uk with odds of 2.25 and lay that same bet on Betfair.com with odds of 2.36.

    Choosing the odds

    In my example bet, the difference is 0.11 which the automatcher calculated as giving me a small acceptable loss of 37p 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 Coral 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 & more free bets

  5. Claim your free bet

    In my Liverpool v Sevilla game, Sevilla won 3-1. So my profit of £4.87 (the "Backer's Stake") ended up in Betfair, which after commission is £4.63. Meanwhile I lost the £5 bet with Coral.

    The total amount between the accounts is therefore 37p, as calculated by the automatcher.

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

    My Betfair account is up to £14.63 (my initial deposit of £10 + £4.63).

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

    The free bet of £20 will be credited to your Coral account.

  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.

    The £20 free bet will usually be received as 4 x £5 free bets, so simply place them on the same event 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 Crystal Palace and Manchester United. The odds are above 3.0 and have only a 0.2 difference between the websites.

    You'll see below that I am backing a draw on Coral (3.5 odds) and then I'm laying that bet (for a draw not to happen) at Betfair (3.7 odds).

    Choosing the odds again

    On Betfair I already had £14.63 remaining from the first bet, so I deposited £23 to more than cover my calculated Liability (total £37.63).

    Here are my bet slips on both websites for my free bet (I placed 4 of the same bet on Coral since they split my £20 free bet into 4 x £5 bets):

    betting slips using free bet

    The automatcher below calculated that I'll make a clear profit of £13.01, 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. Withdraw 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 Crystal Place v Man Utd game, the score ended in a draw at 1-1. This means my Coral £20 free bet won (because I backed a draw to happen) with a return of £50. Meanwhile I lost the £36.99 Liability on Betfair.

    So £50 (winnings) - £36.99 (liability) = £13.01. This is exactly the amount of profit calculated for me by the automatcher.

    My matched betting profit

    My total profit from both matched bets, accounting for the 37p loss on my £5 qualifying bet, totals £12.64. I spent just under 20 minutes on the whole process, giving me an hourly rate of £37.92 as I move onto the countless other 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, 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.

Important: Unlock ALL free bets

The table below is just the tip of the iceberg. Lots more free bet offers come and go, never making it to this page. Every day I scout around for any new ones, and share them only with those on my email list.

Expect to make £400-£600 extra every month from these limited-time offers. Don't miss out, join now for free:

 

Current free bet total: £2225

BookieDepositFree betMin. oddsClaim offer
William Hill £10 £20 1.50 Claim Now »
Ladbrokes £50 £50 2.00 Claim Now »
Paddy Power £10 £30 2.00 Claim Now »
Coral £5 £20 2.00 Claim Now »
Sky Bet £5 £20 2.00 Claim Now »
188bet £25 £25 1.01 Claim Now »
NetBet £100 £50 1.60 Claim Now »
Dafabet £30 £30 1.50 Claim Now »
Tote Sport £25 £25 1.01 Claim Now »
Unibet £30 £30 1.40 Claim Now »
LeoVegas £10 £30 2.00 Claim Now »
BoyleSports £10 £10 2.00 Claim Now »
Stan James £10 £20 1.80 Claim Now »
betway £30 £30 1.75 Claim Now »
BetVictor £25 £25 2.00 Claim Now »
Betfair £20 £20 1.20 Claim Now »
bet-at-home £40 £20 1.70 Claim Now »
888sport £10 £NA 1.01 Claim Now »
BETDAQ £100 £25 2.00 Claim Now »
bwin £50 £50 1.01 Claim Now »
Betfred £10 £30 2.00 Claim Now »
bet365 £200 £200 1.50 Claim Now »
Smarkets £10 £10 1.01 Claim Now »
Marathonbet £80 £20 1.80 Claim Now »
10Bet £25 £25 1.50 Claim Now »
Bet On Brazil £10 £10 2.50 Claim Now »
ApolloBet £10 £5 2.00 Claim Now »
Betsafe £10 £20 1.80 Claim Now »
32Red £10 £10 2.00 Claim Now »
12BET £50 £50 2.00 Claim Now »
Betstars £10 £30 1.50 Claim Now »
BetBright £5 £20 1.50 Claim Now »
Superlenny £25 £25 2.00 Claim Now »
21Bet £10 £10 2.00 Claim Now »
XTiP £100 £100 1.50 Claim Now »
TonyBet £200 £100 1.60 Claim Now »
Winner £200 £200 2.00 Claim Now »
Redbet £100 £50 2.00 Claim Now »
Genting Bet £10 £10 2.00 Claim Now »
138.com £25 £25 2.00 Claim Now »
Fun88 £30 £30 2.00 Claim Now »
RealDealBet £50 £50 1.40 Claim Now »
Mobilbet £50 £50 3.00 Claim Now »
Sportingbet £10 £50 1.50 Claim 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



2,064 Responses to “Make money from Matched Betting (full guide)”

  1. Temi

    26. Aug, 2016

    Hello Rick,

    I am a little confused as I am just new to match betting so I need a little clarification. I have tried the coral and betfair offer and made £13 profit following the step. I understand I need to sign up with another bookmaker so my question is can I withdraw my money from coral and use it to sign up to another bookmaker or do I always have to use my own money to sign up?

    Reply
    • Rick

      26. Aug, 2016

      After the free bet has settled you will be able to withdraw from Coral and use it with another bookmaker if you wish – note that it will take a couple of working days to arrive in your account.

      Reply
  2. John

    24. Aug, 2016

    This might be something mention in your guide because it could go very wrong for some people, fortunately it worked in my favour

    When I bet on a team to win in Paddy Power and them not to win in Smarkets, it went to extra time
    Paddy Power’s bet was still ongoing and they meant the end end result
    Smarkets credited the bet after 90 mins had finished

    Fortunately my smarkets won so I didn’t lose money, but this could easily go wrong for others losing for the 90 minute and aet bets, make sure they are for the same time scale!

    Reply
    • Rick

      25. Aug, 2016

      Think you may have bet on the wrong market with Paddy Power (was it ‘To Qualify’ ?) – the ‘Match Result’ / ‘Match Odds’ / ‘Win-Draw-Win’ / ‘1 x 2’ market always refers to the match result after 90 minutes.

      Anything that happens in extra time will not affect the outcome of bets placed in the match result market.

      Reply
  3. Bwuffy

    24. Aug, 2016

    Coral T &C’s 7.Qualifying Bet and free bets cannot be used with Cash Out.

    What does this mean exactly? Does it mean I have to use my winnings for further bets? How does that work then?

    Reply
    • Rick

      25. Aug, 2016

      Ignore this – ‘Cash Out’ is a feature several bookmakers have that allow you to cancel the bet you placed and take whatever it is they’re offering, which will be less than the payout they’ll give you if your bet does win.

      Reply
  4. matthew bailey

    19. Aug, 2016

    hi, i used the 10bet offer and deposited £100 to get a £100 free bet. My original bet won on betfair which is great but my free bet won at the bookies which gave me £63 profit but i need to rollover £1600 before i can withdraw from them

    Each bet only counts up to a maximum of £50 on the rollover requirements so if i place small bets each time it will leave me with a loss of at least £170. should i just take one hit on large odds to get the money back into betfair and withdrawable?

    Reply
    • Rick

      19. Aug, 2016

      If you bet your entire 10Bet balance on one bet, and it then wins, you may find yourself with a big 10Bet balance making it longer to roll through.

      It’s certainly an option, but I would suggest betting £50 at a time and slowly working through the rollover if need be.

      Reply
  5. vivek

    19. Aug, 2016

    i opened account on betfair and I dippsited 20£ but I didn’t get any type of free bet

    Reply
    • Rick

      19. Aug, 2016

      With Betfair (Exchange) the £20 cash bonus is only credited if your first bet loses. We treat this as a LBR offer – please refer to our FAQs.

      Reply
  6. ben

    18. Aug, 2016

    hi,

    i did the 50% deposit bonus with bet365 and their £50 risk free bet offer.

    In my account i have a total of £50 of my own money and £50 bonus. I cant withdraw my £50 or ill lose my bonus, also my first bet up to £50 will be my own money.

    Is there any way to extract the 50 bonus?

    Reply
    • Rick

      18. Aug, 2016

      Was this part of the deposit bonus up to £100 bet365 were emailing out lately? I think you’d need to meet the rollover requirements before being able to withdraw the money from them. I suggest placing more bets with bet365 and matching them off on Betfair (use the qualifying bet calculator here) until the money ends up in exchange or you’ve rolled through enough as mentioned in the terms.

      Reply
  7. Conor

    17. Aug, 2016

    Hi. I just registered with William Hill – something went wrong with the promo code and I couldn’t avail of the free bet. I chatted with one of their operators and he has offered me this – ‘Make a bet of £5 and we’ll give you a match offer bonus up to £25 free bet tokens’.
    Suffice to say, I’m a little confused…could you please explain. Thank you!

    Reply
    • Rick

      18. Aug, 2016

      Hmm to me it looks like you’ll get a free bet equal to the value of your qualifying bet up to £25. So essentially bet £25 and get a £25 free bet – if you follow the instructions in the guide and match both bets you should come out with a nice profit from this. 🙂

      Reply
      • Conor

        23. Aug, 2016

        Thank you. I will try to find clarification from one of their chat operators

        Reply
  8. Alex

    16. Aug, 2016

    Bet32 qualifying and bonus are for live in-play markets, how would i go about this?

    Reply
    • Rick

      17. Aug, 2016

      Do you mean 32red? Would suggest placing the bets at half-time when the odds won’t as fluctuate as much in order to ensure the bets get matched.

      Reply
  9. Jack

    15. Aug, 2016

    BetOnBrazil offer expired on 10 August.

    Reply
    • Rick

      16. Aug, 2016

      Cheers thanks for letting us know, will remove this from the table shortly. 🙂

      Reply
  10. Jason

    14. Aug, 2016

    For Canada v Germany the calculator told me to place a Back bet on one team (Canada) and then a Lay bet on a different team (Germany). Am I not understanding this correctly – aren’t these the same result? Canada to win, Germany to not win?

    Reply
    • Jake Butler

      15. Aug, 2016

      Hi Jason, this is an error with the automatcher. Do not bet on this game! All the other bets are fine though.

      Reply
      • Jason

        15. Aug, 2016

        Crud, I already placed it before realising 🙁 is there a way to match these bets to minimise my losses? :/

        Reply
        • Jake Butler

          15. Aug, 2016

          It could be tricky but try using the manual calculator to see of you can see both of the bests you’ve made as separate ones in order to match them.

          Reply
          • Jason

            17. Aug, 2016

            I managed to cash out, re-lay and still make a small profit! I’ve noticed this error occur a few times now, most recently the Germany v Sweden game on the 19th. Any idea if/when this will be fixed?

          • Jake Butler

            18. Aug, 2016

            It’s an issue with the home team being different on the two sites (sometimes happens with these internationals). In future just watch out for any games in the list that have much more profit than the others as these will most likely be glitches. I will say though that this is only the 2nd time this has happened in 5 years or so.

  11. jo0hn

    14. Aug, 2016

    hi so i just did my first bet i signed uptp coral and betfair and made profit but now i have used my free bets on coral do i sign up to another one and do same again or am i doing it wrong thanks also new to this so any help be greatful.

    Reply
    • Rick

      15. Aug, 2016

      Yes just register with a new bookie and essentially repeat the process. 🙂

      Reply
      • jo0hn

        15. Aug, 2016

        thanks for reply rick so when we get the free bets do i copy the information what the tool gives me or can u use the free bets are your choice sounds stupid put just want to no the ins and outs thats all cheers

        Reply
        • Rick

          16. Aug, 2016

          The automatcher tool is only available for a few bookmakers, for the rest of them you will need to find the matches yourself.

          Reply
          • Rick

            16. Aug, 2016

            Yes, but you can get different offers. If you follow our step by step instructions you should be fine. 🙂

          • Jo0hn

            16. Aug, 2016

            Ok but the process would be same as normal right ?

  12. Nick

    11. Aug, 2016

    So once I’ve use your 4 coral free bets do I need to then signup with another betting site?

    Reply
    • Rick

      11. Aug, 2016

      Yup – same process, different bookmaker 🙂

      Reply
  13. Alexandra

    08. Aug, 2016

    Hi,

    This may be a totally stupid question but I have read and followed the guidelines for the £20 free bet that Betfair are offering for new users.

    In the guidelines it says that you must deposit £20 into your account before making the back bet (on the exchange).

    As I am new to this, I am not totally sure what type of bet they are offering.

    Does it mean that they use my own 20£ that I have deposited with my own money? Or does it simply mean that I have to deposit £20 into my account, however I will use the 20£ free bet they have advertised?

    I hope this makes sense, I just don’t see how you can make a profit if the back bet wins and you have used your own 20£.

    Thank you!

    Reply
    • Rick

      08. Aug, 2016

      This is known as a lost bet refund, where if your first bet of £20 will be refunded as cash if it loses. Please refer to our FAQs above for some more information on how to attempt these offers and the link to the calculator.

      Reply
  14. Csaba

    05. Aug, 2016

    hi.
    i have only 1 problem with this matched bettings: all bookie are limited or denied the bettings after couple weeks.
    It can not do in the long run.

    Reply
    • Rick

      08. Aug, 2016

      If you signup to our mailing list we have written a guide on what you can do to minimise the chances of getting your bookmaker accounts restricted.

      Reply
  15. Beth

    04. Aug, 2016

    Hi, I am trying to put my £50 free bet on Ladbrokes. The automatcher says that to back Leicester on Ladbrokes, it should be 4.33. I’ve looked on Ladbrokes and it is 4.2. Also, to lay this bet on betfair is completely different to the automatcher. I’m just confused- don’t want to put a bet on and lose all my money!
    Thanks

    Reply
    • Rick

      08. Aug, 2016

      Just had a look through the automatcher and it seems to be working fine, in future if either the bookmaker or betfair odds are different to what’s shown there then you can type in the new odds using our manual bet calculator (link in our FAQs).

      Reply
  16. Adam

    03. Aug, 2016

    Be VERY wary of BetBright.

    After placing and winning my qualifying bet and free bet, they sent me an email stating that they had restricted my account for reasons they cannot disclose.

    I contacted their customer service and they said the decision was final but wouldn’t tell me why. Basically, the restriction prevented me from receiving any free bet offers or any enhanced odds from them. Maybe they’re wise to matched betting, but it’s not illegal so are they even in a position to do that?

    Terrible service. I will never be using them again.

    Reply
  17. Ron

    02. Aug, 2016

    Hi,

    My question is if you decide to not utilise the free bets and instead invest your own money, does this formula still work?

    Reply
    • Jake Butler

      03. Aug, 2016

      No, you can only make a profit using free bets. If you use your own money you will simply lose money each time.

      Reply
      • Ron

        03. Aug, 2016

        Why would you be losing money if you still have the “liability” amount to cover your “lay bet”? Im a tad confused ha

        Reply
        • Jake Butler

          03. Aug, 2016

          Because the odds don’t match up like for like and you have to account for Betfair taking 5% commission on winnings. Put it this way, if you could make money out of your own money I would be on a beach somewhere exotic sipping a cocktail right now. Once again, the only way to make a profit from matched betting is by using the free bets.

          Reply
  18. Mr Dapper

    29. Jul, 2016

    The T&C of betfair states categorically that free bets can not be used for exchange games in my location. what should I do?

    Thanks for your previous response

    Reply
    • Rick

      29. Jul, 2016

      Exchange games are a different section on Betfair (http://games.betfair.com) – I wouldn’t worry about that.

      Reply
      • Jay

        30. Jul, 2016

        Hi, Is it a good idea to enter a bet whilst the match is live? i noticed the odds differ from the automator during these periods.

        Reply
        • Rick

          01. Aug, 2016

          If you’re new to this I would suggest not. If you absolutely must place your bet in-play (e.g. if it’s stipulated in the offer) then I would look for periods when the odds are more static – for example, during half-time in a football match.

          Reply
  19. Mr Dapper

    29. Jul, 2016

    which of the qualifying bet loss is better; those in negative digit or those in positive digit?

    You response about multiple accounts in FAQ is a bit confusing,do you mean I can not have multiple accounts with different betting sites?

    Reply
    • Rick

      29. Jul, 2016

      When matching your qualifying bet you should be aiming to minimise your loss as much as you can. If you end up making a small profit then great!

      No we mean registering multiple times with the same bookmaker.

      Reply
  20. David

    24. Jul, 2016

    The idea is more than interesting. But there is on question on my mind:
    What is the ideal exit strategy, when you are winning 95% at the bookies? You will get in trouble because you won’t get the freebet and you have to take care about the terms and conditions at all these bookies to Cash out your money! Otherwise you won your back bet at the bookie wich is nice, but you cannot bring the money home …

    Reply
    • Rick

      25. Jul, 2016

      There’s no ‘exit strategy’ per se, upon accepting a signup offer a bookmaker is obliged to award the free bet as detailed on their site.

      Reply
  21. jake

    23. Jul, 2016

    Hi, The first example where Liverpool beat sevilla this is the only part I don’t get! with one account you bet they win and the other account you bet they will loose, how did you know it won’t be a draw? all other examples I got because the bet was draw or not draw here I can see win win.

    Reply
    • Rick

      25. Jul, 2016

      With Coral the bet was on a Liverpool win and with Betfair the bet was on Liverpool not to win (i.e. a draw or Sevilla win).

      When you place a lay bet on something, you’re betting that it won’t happen.

      Reply
  22. Jack

    18. Jul, 2016

    Hi,

    I backed £100 on BetDaq at 2.0 odds and layed at 2.02 odds. The lay eventually got fully matched, but the back still didn’t the odds went down to 1.96 now and I’m left with 0.78 unmatched. The games is on Wednesday.

    Any advice on what to do? I wanted to qualify for the £25 bonus on BetDaq with this one.

    Thank you.

    Reply
    • Rick

      19. Jul, 2016

      I would just bet another 78p on the back odds currently offered and then wait until after the match has finished. Your qualifying loss shouldn’t be too much higher than expected. If your back bet does win with BETDAQ then I think you may need to place another small bet in order to unlock the £25 free bet.

      Reply
      • Jack

        19. Jul, 2016

        I tried that and now my entired bet is matched at 1.99 odds, great…

        Reply
        • Rick

          19. Jul, 2016

          Try betting another £1 or so at the current odds offered (and laying off) so that you stand to win at least £100 if the back bet wins. This should cover yourself for the £25 free bet.

          Reply
  23. Stephen

    18. Jul, 2016

    Hi

    I understand you can only set up one account in your name to comply with Bookies terms and conditions. What to stop my partner or father in law who resides at my place doing the same? That way we multiply our profits as a family but comply with the conditions.

    Stephen

    Reply
    • Rick

      19. Jul, 2016

      Nothing to be honest, some bookmakers will state in their terms something along the lines of ‘only one bookmaker per household’ but in practice it shouldn’t be a problem for most of the bookies in the list above.

      Reply
  24. John

    16. Jul, 2016

    Is it possible to qualify for betdaq free bet, by just using it instead of betfair until I win/lose £100? or it has to be 1 £100 bet to qualify?

    Reply
    • Rick

      18. Jul, 2016

      No you can use BETDAQ as your primary exchange if you wish and keep going until you have cumulative losses or profits of £100 (or more). Betting £100 in one go would be the simplest way to get the free bet but this doesn’t need to be done. 🙂

      Reply
  25. Thomas

    16. Jul, 2016

    By the way, some of these deals/bookies are crap. On my bad list so far are:

    BetBright – they just wiped from history the bet I made, so I’m not using them.

    StanJames – doesn’t let me register because they say I have UniBet account, when I haven’t opened one yet. I figure it has to do with some of the bookies belonging to one company or sharing info.

    BoyleSports – their promo is just not worth the time, you need to make 5, £10 bets in a week to get free £10. You’ll spend few hours looking for good enough odds to minimise your losses through the week and can still lose from £1 to £5 just qualifying only to then make £5-£9 profit from the free bet, which can work out as £2 p/h and you having to hold your money on bookies and exchanges for a week or so.

    Are there any other I should know about?
    Thanks.

    Reply
  26. Toni

    14. Jul, 2016

    I’ve signed up to SkyBet and just realised that the walkthrough says to bet on the 2016 Euros, will this be updated so it can be used for current bets? Thank you

    Reply
    • Rick

      18. Jul, 2016

      Apologies for that, just reverted the instructions back to how it used to be. Thanks for pointing this out. 🙂

      Reply
  27. Thomas

    12. Jul, 2016

    How do I squeeze out the profit from free bets? Should the back and lay bets be as far from each other as possible? should they be close to each other?

    For example which is better back odds 2.1 vs lay odds 2.3 or back odds 4.1 vs lay odds 2.1

    This gets me confused when looking for which bets to make..

    Reply
    • Rick

      12. Jul, 2016

      For the free bet, you want to pick as high as odds as you realistically can as your stake will not usually be returned – this may be a little tricky to understand at first.

      Intuitively, it may be easier to think about it like this: if the back odds are 1.20 and the lay odds are 1.40 then the percentage increase from 1.20 to 1.40 will be much greater than, say, 8.00 to 8.20. You want this percentage difference to be as small as possible.

      And you would rarely (if ever) find a case where the back odds are 4.1 and the lay odds are 2.1 – in almost all cases the lay odds will be higher than the back odds.

      Reply
  28. Toni

    11. Jul, 2016

    Hi, I’ve just registered on Coral and Betfair and deposited £10 into each. I’ve bet £5 on Coral for Astana to win with 2.15 odds and then a lay bet against Astana on Betfair with 2.24 odds, a Backer’s stake of £4.86 and liability of £6.03 (which is also saying Cash Out £5.72 and Profit £-0.30).

    Now step 2 on the Automatcher is telling me I must have at least £18.97 in my account, it’s actually £3.97 due to the bet I just placed, does this mean I now have to deposit another £15 to do so?

    It says on this free bet I will make a profit of £15.03… But in total I will have spent £35, how is this a profit?

    I’m very confused and feel like I’ve probably just wasted money :/

    Reply
    • Rick

      12. Jul, 2016

      Yes, for your free bet it’s normal to deposit more money into your Betfair account to cover the liability needed in order to match it.

      From what you’ve written you should either be making £34 if the Coral bet wins (but lose your £18.97 liability on Betfair) or you’d make £18.97 (minus commission) from Betfair but the bet with Coral using the free bet token would have lose – so either way you should be around £15 up.

      Reply
  29. Toni

    11. Jul, 2016

    Hi, the Coral website says a minimum deposit of £10 is required, but the guide says £5, does this mean that the initial deposit amount on Betfair must also be £10? Thanks

    Reply
    • Rick

      12. Jul, 2016

      Where did it say this? As far as we’re aware the minimum deposit (via a debit card) is £5. But yes for Betfair I think the minimum deposit is £10.

      Reply
  30. Mike

    07. Jul, 2016

    Don’t you not pay commission on the back bet? or is this just for lay bet at betting exchanges?

    If so then what about situations where you want to take advantage of offers at betting exchanges like the current offer of £20 for new users.

    Reply
    • Rick

      08. Jul, 2016

      Yes on exchanges commission is paid on both back and lay bets. Try placing a £20 back bet with them and then laying off on another exchange (e.g. Smarkets). Note it’s a cash refund so you can treat is as a SNR free bet, I suggest using trickybet calculator as you can enter the commission for the back bet: http://bit.ly/29Unotx

      Reply
      • Mike

        08. Jul, 2016

        Ok Thanks easy enough!

        Also is it usually fine to place the free bet on the same event as the qualifying bet?

        Reply
        • Rick

          11. Jul, 2016

          Yup. 🙂

          Reply
  31. Paul Sim

    04. Jul, 2016

    I would just like to check something so I don’t make a mistake. I have just done my first matched bet with coral, it all went perfectly and my lay bet was the “winner” let’s call it on both the qualifying and fret bet so the money went into the betfair account. My question is, if on the next bet with betvictor for example, let’s say on the second bet (free bet) the back bet wins and the money goes into that account and therefore I have to play through 4 x £25 how do I know what to bet on? When I look at calculators they all seem to want to know if it is the qualifying or free bet, nothing for the bets thereafter. I’m sure it is simple but don’t want to mess up now.
    Cheers.

    Reply
    • Rick

      05. Jul, 2016

      These are known as rollover offers. I would suggest using the qualifying bet calculator to work out the lay stake for close matches you find – the aim is to minimise your losses from matching these bets.

      Reply
  32. Jay

    23. Jun, 2016

    The Sporting Bet offer …

    Do I need to leave time between bet 1, bets 2-5 and bets 6-10 or can I bet ten bets of £20 in one go, assuming I have the funds? If I have the funds and the offer needs completing in 14 days, this would seem like one easy method if the options were there.

    Reply
    • Rick

      04. Jul, 2016

      I would wait until each bet has settled as you’d need to claim the first bonus before being eligible to claim the second. Or if you’d rather – wait till the first bet has settled, claim bonus, place four more bets, claim second bonus, place five more bets and claim the last part of the bonus. Remember they need to be on separate events!

      Reply
  33. Oliver

    18. Jun, 2016

    When it comes to using a free bet, is it a case of the longer the odds the better, even to the extent of making bets on the exact final score at odds of around 9.0, for example, or are there diminishing returns after a certain point ? The reason I ask is that your free bet automatcher typically shows pairs of odds at around the 3.0 to 4.5 area.

    Reply
    • Rick

      20. Jun, 2016

      Yeah generally the higher the odds for the free bet then the more you can profit – although yes this increase in profit will tend to get smaller the higher you go.

      The automatcher only shows matches from football match result odds, so there would rarely be odds for a team to win that are greater than 5.00 or so.

      Reply
  34. Les

    15. Jun, 2016

    What is a non-withdrawable free bet? Can you withdraw the proceeds, if you win the bet?

    Reply
    • Rick

      16. Jun, 2016

      Which bookmaker is this? In most cases yes, if there’s a rollover requirement attached to the promotion it’s usually referred to as a ‘bonus’ rather than a ‘free bet’.

      Reply
  35. Davey

    13. Jun, 2016

    Couldn’t you just make a profit off the Exchange alone?

    In horse racing, couldn’t you just lay against the most unlikely horse to win in a race, after-all only one horse can win out of all of them, so although it is not risk free it would work on probability.

    Why couldn’t that work?

    Reply
    • Rick

      13. Jun, 2016

      This isn’t profitable in the long-run – the amount you stand to win if the horse doesn’t win the race, and the amount you stand to lose if it does will balance each other out if you did this repeatedly. I wouldn’t recommend this.

      Reply
      • Jay

        05. Jul, 2016

        Don’t forget the “what if”.

        The reason we do Matched Betting is to definitely make money. In the last few weeks, we’ll have made less than people who bet for real, say on Wales to beat Belgium, but we also risked nothing and lost less than those who, say, bet on Belgium.

        If you lay a horse with even £2 at 50, you only win £2 if it loses, but what if the favourite falls, causes others to slow down and the rank outsider triumphs? It’s unlikely but possible and you lose £100 or whatever it is. With “real” betting, which is what you’re doing, there’s always a risk. Horse racing has more possible outcomes than football with its win-lose-draw, but there is always the “what if”.

        So if you regularly won by laying the outsider with the same stake every time, say £2, in ten races you’d get £20, but in the 11th you might lose £100+.

        You make less with matched betting than with one good win on a normal bet, but you risk and lose nothing unless by human error.

        Reply
  36. Jake

    03. Jun, 2016

    Hello i’m confused about the offer with unibet, it says i will get the money refunded if my bet loses but I’m confused as to how i will make profit with this, if i bet on team A on unibet and lay team A on betfair, and team A wins, i break even about, lose a few pence but have the majority of my money back on my account on unibet but now i don’t qualify for a free bet and can’t go any further?

    Reply
    • Rick

      03. Jun, 2016

      We call this a bet refund, please refer to our FAQs for more information on how it works. Note that Unibet refunds your bet as cash, not a free bet like most others.

      Reply
      • Jake

        03. Jun, 2016

        oh ok thanks

        Reply
  37. Gareth

    02. Jun, 2016

    Right, still don’t quite understand how I make money. So I have I have deposited £5 of my own money to Coral, and deposited £10 of my own money to Betfair (£15 so far).

    I have received my £20 free bet with Coral and I have placed a back bet on a draw between Canada vs Azerbaijan at odds 3.00. The lay bet required me to have around £29 or so in my Betfair account, meaning I had to deposit another £30 to Betfair. So far I have deposited £45 of my own money.

    If my back bet wins for example, I get £40.00, which of course means my lay bet loses me my liability of £28.31, this totals £11.69 winnings. But I have already put in £45.00 of my own money. So £45 – 11.69 = £33.31 loss overall.

    Am i missing something? This is losing people money surely?

    Reply
    • Rick

      06. Jun, 2016

      What was the result of the qualifying bet? It doesn’t look like you’ve accounted for this in your calculations. I think you’ve confused your winnings and profit here – if your Coral bet wins your winnings would be £40, and the profit is £11.69.

      The profit is made from the free bet, you shouldn’t have lost much from the qualifying bet if you matched it correctly.

      Reply
  38. Oliver

    31. May, 2016

    I’m confused over the rollover procedure with BET365. I currently have £600, having won the back bet at 1.5 with my first bet of £400 (deposit + bonus). What confuses me is that the automatcher told me that with my first bet (lay odds of 1.5), I needed to have a liability of £220 to give me a stake of £400. Doesn’t that mean that if the lay bet won, I would have ended up with £400 in myccount, for a profit of £180, but would have lost both my £200 deposit plus the bonus in my BET365 account ? More to the point, how do I lay off the £600 without risking losing a bundle ?

    Reply
    • Rick

      01. Jun, 2016

      Did you receive your bonus instantly after depositing? As far as I’m aware you would have needed to place a qualifying bet first before receiving the £200 bonus.

      As you still have £800 left to roll through I would suggest placing a bet with odds as close to 1.5 as you can find for a minimal qualifying loss – e.g. a £400 bet with odds of 1.5 / 1.53 would only have a £15ish loss.

      Reply
  39. Anthony

    27. May, 2016

    Hi,
    I read your guide and matched betting sounds really interesting, but is it better to go for the sign up bonuses now, or do you think that just by waiting a couple of weeks I’d have some better ones because of euro 2016? One would think that they’re gonna increase their bonuses then, cause there will be more casual bettors to attract. Do you think that’s the case,by experience? Thank you

    Reply
    • Rick

      27. May, 2016

      The main (easier) sign-up offers have stayed the same over the last few months and I wouldn’t expect much to change over the coming weeks. I’d suggest signing up now actually as there’s already a few bonuses going around for the Euros for existing account holders – you can subscribe to our mailing list for more information about this. 🙂

      Reply
  40. Attila

    26. May, 2016

    Hi, there`s a problem with what your software is telling me. I`m trying to place my £50 qualifying bet with Ladbrokes. The software is telling me that the lay odds should be 2.38 on Betfair but on the Betfair website they are 3.35. I`m trying the second time around now and it was wrong the first time around too. I`ve tried to refresh the page here and on Betfair too, but it didn`t help. I`ve triple checked everything. Please help. Thank you.

    Reply
    • Rick

      27. May, 2016

      Which match is this? Just had a look on the automatcher tool for Ladbrokes and all five suggestions seem to be accurate. Please let me know if you continue to have problems and I will have a look for you. 🙂

      Reply
      • Attila

        27. May, 2016

        I don`t remember which one it was. I hate football and am not familiar with the names of the teams. After rebooting my PC the original match was not offered by the automatcher. Thanks and hopefully it`ll be smooth sailing now 🙂

        Reply
  41. Jake

    25. May, 2016

    Hi,

    One thing I’m confused about is whether this method only works with free bets, or can it be done with the profits made from this method?

    For example, I do my qualifying and free bet, and at the end of it all I have made £13. Can I then use that £13 to repeat this method and make more profit or will I just lose out?

    Thanks in advance

    Reply
    • Jake Butler

      26. May, 2016

      You can only make profit with the free bets.

      Reply
  42. john

    24. May, 2016

    Is it possible to make a list of only the bookmakers that actually allow you to withdraw your free bet winnings without getting tied into their schemes?

    So many people here have followed this guide and found themselves stuck as bookies wont allow you to take your winnings until you have bet more and more and more first. Obviously this doesn’t save the student or anyone else.

    Thanks

    Reply
    • Rick

      24. May, 2016

      Most of the bookmakers in the table don’t have rollover requirements. If you’re uncomfortable attempting such promotions, I would suggest tackling the easier ones first.

      Reply
  43. Ryan

    24. May, 2016

    Hey, it’s occurred to me that you can pick your own lay odds on Betfair Exchange, so am I right in thinking that to maximise profits on your free bet you can pick the highest possible backing odds and lowest possible laying odds to make ridiculous profits?

    The manual calculator is telling me this is a great idea and the betslips look good but it seems too good to be true so I want to double check first

    E.g. £30 free bet on Paddy Power and the upcoming England v Austrailia game

    Stake = £30
    Backing odds (Backing Austrailia) = 12

    Lay odds = 1.01
    Lay stake = 343.75
    Liability = £3.44

    Profit = £326.56

    Outcomes

    – Back Wins –

    +£330 winnings on Paddy Power
    -£3.44 on Betfair exchange
    =£326.56 Profit

    – Lay wins –

    -£0 on Paddy Power
    +£347.19 on Betfair Exchange
    -liability + commission
    =£326.56 Profit

    Is this for real? Over 300 pound for only a £3 liability? It all seems to be checking out and I’ve run it over between the calculator and betslips 100 times. Am I missing or overlooking something?

    On the manual calculator, the “Lay Stake” is the number you put into the “Backer’s Stake” box on Betfair Exchange right?

    Reply
    • Rick

      24. May, 2016

      Please see the above comment on Facebook.

      Reply
  44. Fanatic89

    23. May, 2016

    Hello. I’m seriously thinking about getting into matched betting, but I have a couple of questions. First of all, I’ve read somewhere that to withdraw the money you’ll have to send them a picture of you with your passport. Is it true?
    Secondly, if this is true: since I have a foreign passport, my address is not gonna match my British one, which is otherwise an address I’ve been living at for the past 4 years. I’m on the electoral roll and everything, but do you think that would be a problem? Thank you

    Reply
    • Rick

      24. May, 2016

      It is normal for bookmakers to ask for identification documents, usually a scan of a drivers’ licence and / or a utility bill of some sort should be enough.

      Not at all – I would suggest scanning your British passport if that’s the one with your correct address details on it.

      Reply
      • Fanatic89

        24. May, 2016

        Hello again. Sorry, I realised I wasn’t clear. When I said “my British one” I meant “my British address”. I have a Norwegian passport with my Norwegian address. Since I haven’t renewed my passport since I moved here, it still shows only that. Would that proof of ID, along with a Bank statement with my British address maybe, be enough, you believe? Thanks again

        Reply
        • Rick

          25. May, 2016

          If you’re unable to provide a passport that verifies your current address then I would suggest using another document to verify your identity.

          Reply
  45. Jay

    23. May, 2016

    Are the £200 deals worth it?

    The Bet365 and Winner Sports deals each require placing further bets. I don’t see how it’s worth it given the amounts involved if all bets at the bookies win.

    For easy maths I’ll assume I lose £25 on a qualifying £200 bet and make £175 on a matched free bet.

    With Bet365 I need to go through £1200, which is 6 £200 bets, so I’d make £175, lose £150 and end up with £25 profit, which is a huge amount of effort for what I could get from a £30 free bet.

    With Winner it’s worse and I’d make a loss of £225 trying to withdraw my £175..

    What have I got wrong?

    Reply
    • Rick

      24. May, 2016

      A £25 qualifying loss from a £200 bet is massive, you should be aiming to lose no more than £10 maximum. £1200 is the maximum you’ll need to roll through, a lot of the time you won’t need to bet this amount as the money will end up in Betfair earlier. With bet365 you should be profiting around £150.

      Winner is a bit more difficult and there are several more stipulations in their terms which makes the offer harder, I would only suggest attempting it if you’ve gone through most of the other ones first.

      Reply
  46. Emma Haslegrave

    23. May, 2016

    We are just placing our first bet to unlock the free bet and we have noticed when using your Automatcher tool that the “backers stake” amount placed on Betfair is sometimes slightly less than the free bet amount placed on PaddyPower.

    If we use the examples on your Autochecker tool it isn’t such a problem but it would be good to understand why in case we want to bet on an event not included on your list.

    Thannks,

    Reply
    • Rick

      23. May, 2016

      The lay stake you place for the qualifying bet is completely independent of the free bet value. You lay off the specified amount as suggested on the Automatcher tool so that you lose the same amount of money whether the bet wins or not.

      Reply
      • Emma Haslegrave

        26. May, 2016

        Thanks, but how do you manually calculate what the back stake amount is on the lay bet?

        Reply
        • Rick

          27. May, 2016

          Using our manual calculator (link given in the FAQs above).

          Reply
  47. Grant

    21. May, 2016

    Hi. Where can i find the automatcher tool please? Nice page btw

    Reply
    • Rick

      23. May, 2016

      The automatcher tool is only available for four bookmaker – Paddy Power, Coral, Ladbrokes and Wllliam Hill. You can access this by clicking on the green ‘Claim Now’ button and the ‘Claim Offer’ column in the sign-up table above. 🙂

      Reply
  48. Joe

    20. May, 2016

    Bit confused. These offers seem to be introductory offers.
    Taking your example for paddy power.
    I can see how you can get the cash back on free bets by laying.
    But then surely I will then have a PP account. And won’t be entitles to future offers for free bets? [ Unless I open multiple accounts for the same bookie – which the FAQs warn against ]
    Does this mean I can only scalp the bookies once?
    In which case – the opportunities will stop after the 20 or so bookies have been used up.

    Reply
    • Rick

      23. May, 2016

      Essentially yes, but we can also take advantage of the offers bookmakers promote to their existing customers. You can sign up to our mailing list for more information about this. 🙂

      Reply
  49. Lee

    18. May, 2016

    Am I right in thinking that if I don’t lose the free bet then I can repeat the process and place another bet using the same free bet to get even more profit?

    Reply
    • Rick

      19. May, 2016

      Which promotion are you referring to?

      Reply
      • Lee

        19. May, 2016

        Any promotion where the stake is returned, like the bet365 welcome bonus

        Reply
        • Rick

          19. May, 2016

          Not sure I understand, the idea is to lay on the exchange so that you make a fixed profit regardless of whether your bet wins or not. A free bet / bonus will only be credited once.

          Reply
  50. alexandra

    16. May, 2016

    Hi,

    I have just completed my free bet on NetBet and now have to roll through £950 to be able to withdraw, however even if I match every bet with minimal differences in odds, due to the small amount lost per bet it seems that I will simply loose all my winnings….. is there any way around this?

    Thanks

    Reply
    • Rick

      17. May, 2016

      For the time being all I can suggest is that you look for matches that are as close as you can find. You can subscribe to our mailing list for advanced underlaying strategies for this offer, which should expect to give more profit.

      Reply
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