Make money from Matched Betting (full guide)

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

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.

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.

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. 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 3.0 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. 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.

  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£25£251.20Claim Now »
Sky Bet£30£302.00Claim Now »
Ladbrokes£50£501.50Claim Now »
Betfred£25£252.00Claim Now »
WinnerSports£25£252.00Claim Now »
888sport£10*£882.00Claim Now »
188Bet£50£501.50Claim Now »
Coral£5£201.50Claim Now »
Tote sport£5£102.00Claim Now »
Betway£50£501.75Claim Now »
BetVictor£25£252.00Claim Now »
BetAtHome£30£151.70Claim Now »
Betfair Sportsbook (not exchange)£50£501.20Claim Now »
Paddy Power£5£201.50Claim Now »

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



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

  1. LIAM

    31. Jul, 2014

    There are more than two outcomes though. What happens if the game ends in a draw? Or when you lay does this basically mean you are basically betting that they lose or draw?

    Reply
    • Jake Butler

      31. Jul, 2014

      Hi Liam, to lay an event means you are betting against something happening (eg. win) which includes loss and draw.

      Reply
  2. Matt

    30. Jul, 2014

    Hi, I read this guide a couple of days ago and had a think about it and still can’t get my head around the process really. If I were to try it now I would probably use the Ladbrokes £50 free bet as I am already a member on Paddy Power, William Hill and Sky Bet. How much money would I have to lay out to start with before I made money back?

    Reply
    • Jake Butler

      31. Jul, 2014

      Hi Matt, if you use the calculator to find a Ladbrokes bet it will tell you how much you’ll have to lay out as a liability. I can see that it’s currently around £35 you’ll need to put into Betfair and obviously £50 into Ladbrokes. If you follow the instructions I guarantee it will work!

      Reply
  3. Dawn

    28. Jul, 2014

    Hi, Thanks for this, its really great

    Is there anyway you can profit on the bingo/casino free bets or its just restricted to bookmakers??

    Reply
    • Owen Burek

      30. Jul, 2014

      In the past you could, but they’re much stricter now and not worth it I’m afraid :(

      Reply
  4. Anna

    28. Jul, 2014

    Hi, I have a problem, I followed the guide and placed by first bet on both sites, on Paddypower the £5 as instructed. Yes I now have about £8 in that account, but no £20 free bets credit. I asked live chat about that and they said that I had to bet £10 to get £20 free, the £5 for £20 is only if I download the app and place a bet through there. So now I betted £5, and have to reregister to bet £10 to even qualify for the £20…. Please advise here, I don’t want to bet £10 to then discover that it was a mistake. Thanks

    Reply
    • Jake Butler

      28. Jul, 2014

      Hi Anna, did you definitely use our link to click through to PaddyPower? If so, there shouldn’t have been an issue at all.

      In your case I would get onto live chat again and ask if you’d be able to bet another £5 in order to make your bets £10 in total (which would then unlock your free bet).

      Jake.

      Reply
      • Anna

        28. Jul, 2014

        Hi Jake, thanks for your response.
        Yes I used the link and followed all the instructions from here.
        I had already asked live chat to bet another £5 to make it a total of £10 to qualify for the free £20 however they said it had to be the first bet in one go the first single bet.
        They said they think the £5 for £20 only applies if download the app and place the first bet through there, I already made a new account on the app and deposited £5 which was the minimum amount there, but now I can’t seem to find definite confirmation of that being the case that I will receive £20 free bet if I bet those £5.
        Can I reregister and instead of betting £5 I bet £10 or will my loss be much greater? Can you please advise, I can’t afford any of the other sites at the moment I can’t deposit £25 or more like on williamhill etc…

        As I’m completely new to this, I need very clear instructions on how to make this work for me as many others who came here are having financial problems including myself so I can’t allow any more losses. Thanks

        Reply
        • Anna

          29. Jul, 2014

          Totepool bet £5 get £10 free offer has changed. Please update this. It’s not a matched free bet, minimum deposit is £10 and whever you bet the first time you get free ie if you bet £5 you get £5 if you bet £10 you get £10.

          So I deposited £10 now, so what should I do? Bet £5? Then play the free £5 etc. Please advise

          Reply
          • Anna

            29. Jul, 2014

            Sorry I meant to type it is NOW a matched free bet, as the £5 for £10 offer expired on 31st of May.

          • Anna

            29. Jul, 2014

            So I did the first round of betting £5. As a result I received a free bet of £5 on Totepool. So now of course, the guide says in step 2 to bet £10, however I only received free bet of £5. I need to make sure that I do the right thing here so I won’t loose any money. Please help with this. Thanks

          • Owen Burek

            30. Jul, 2014

            Strange how they still have the promo page up, will look into it.

            However on the 2nd step of ToteSport in the calculator, click the cog/settings icon top right and you can simply change the 2 £10 fields to £5. It’ll then update the results for you.

        • john

          30. Jul, 2014

          hi anna, i did the same as you (read below) and made an initial £5 bet, I then made a £10 qualifying bet by adjusting the calculator, and then got the £20 bet (in groups on £5) this reduced my profit somewhat but still made around £10 i think…. now doing william hill it doesnt take much more money to do, make sure you use the “claim” button

          Reply
        • Owen Burek

          30. Jul, 2014

          Hi Anna. Seeing as you followed the link to the special £5 for £20 free bet, these are the terms that applied: http://www.paddypower.com/popup/cond/bet5-get20-popup.html Tell them this and they should resolve it for you!

          Reply
  5. Mat

    24. Jul, 2014

    Too bad, that 95% of these sites doesn’t offer freebets for residents from Germany.
    I found one boomaker where you got to place the inital desposit and the additional freebet 5 times before you can withdraw your earnings.
    What should I do in this case?
    Repeat step 6 like 5 times?

    Reply
    • Jake Butler

      25. Jul, 2014

      Hi Mat, it is unfortunate but this is a guide for UK residents (even though the same tactic can be used worldwide).

      If you have to bet the deposit + the bonus amount 5 times the steak will be returned in those bets. This means you repeat step 4 over and over.

      However, you’ll need to use the advanced calculator option (at the bottom of the free bet drop down).

      Jake.

      Reply
      • Mat

        25. Jul, 2014

        Hi Jake, thanks for the fast reply.
        I’m wondering if you could add some trustworthy bookmakers for non UK residents?
        Sorry to bother you again, I found another one, which gives you 100 % on your initial deposit. There is a restriction that the deposit + bonus has to be placed 3 times. So after step 4 to 7, I go back to step 4 and place the bet and after that I withdraw my earnings?

        Mat

        Reply
        • Jake Butler

          28. Jul, 2014

          Hi Mat, unfortunately I cannot really comment on non-UK sites. However, I would say that when you are betting the deposit + bonus you need to use the first part of the matched betting tool “qualifying bet” 3 times before unlocking and using your free bet. Only use the second part of the tool for free bets as this is the only time the steak is not returned.

          Reply
  6. Andy

    24. Jul, 2014

    Hi Jake,

    This is a great guide, thanks so much :)

    Quick question that has been bugging me….

    The profit can change quit dramatically whilst the game is playing, for example it may be £38 before the game starts, then 30 mins before the end it will jump to £60, then £118, then £123! Is this going to work if I wait until then to use the free bet (Ladbrokes) or will it not count and you have to bet before the game starts?

    Thanks again!

    Reply
    • Jake Butler

      25. Jul, 2014

      Hi Andy,

      Good question. What you need to remember though it that if the profit on the bookmaker is going up the lay odds on Betfair will be changing at the same time… in the other direction. I hope that makes sense.

      Jake

      Reply
  7. john

    23. Jul, 2014

    i followed these instructions and paddy power says that i must make a single £10 bet to unlock £20 free bets… can you update your info? thanks

    Reply
    • Owen Burek

      24. Jul, 2014

      Did you follow the link in the guide? http://www.savethestudent.org/out/paddypower still showing £5 for £20 here.

      Reply
      • john

        24. Jul, 2014

        you mean the “claim section”? at the bottom of this page? no i dont think so, do all the claim links work for every site?

        im onto the profit making bet anyway with paddy so see hot it goes, not so pleased about betfairs commission upon depositing money into your account tho, bit steep

        Reply
        • Owen Burek

          25. Jul, 2014

          That’s right. We had a special offer secured with PP so if you didn’t click through our link you may not have been able to get the same offer.

          All the claim links work for every site in the table.

          Betfair should not take commission when depositing money.

          Reply
  8. John

    23. Jul, 2014

    Hi there
    This is a fantastic guide, thanks for writing it. I’ve just started matched betting and I was really enjoying it, but then my fiance found out and wasn’t too happy about it. Is there any way to convince her that it’s all above board, as I think she feels it’s almost too good to be true, and there must be a catch somewhere?
    Looking forward to hearing from you.
    Thanks, John

    Reply
    • Jake Butler

      23. Jul, 2014

      Hi John,

      I can completely understand our fiance’s concerns as I had the same thought when I first did it.

      All I can say is that the proof is in the pudding… the profit speaks for itself.

      We are a trusted site and would NEVER promote something that wasn’t legit.

      I guess the fact that once you’ve exhausted all of the free bets you can’t really make any more profit means that it’s not just an endless pot of money. That’s the only real catch (but a small one if you ask me).

      Jake.

      Reply
    • George

      23. Jul, 2014

      You can do whatever you want John, it’s your money. If your fiance can’t accept you doing what you want I don’t think you should marry her lol.

      Personally I’ve made £100 more or less in the last couple of weeks in only a few hours. The only catch is that is does have risks because it is possible to fuck up, but only because of user error so don’t get greedy or go too fast. Even if you go at snails pace checking everything you still can make ~£20 in less than an hour of being on the sites.

      Something I learnt only two days ago: On Betfair ENSURE YOU CLICK SINGLE BET on your betslip. Mine was on “open bet” for some reason and it shook me up because my bet kept changing and I had to cash in my bet which kept taking some small change off my betfair account.

      Reply
  9. ryan

    10. Jul, 2014

    for the free bet the in play odds are always different to the paddy power site do I need to use the free bet on a match that has not started yet?

    Reply
    • Jake Butler

      11. Jul, 2014

      I would definitely recommend betting on a match that hasn’t started yet due to the in play odds constantly shifting.

      By the time you’ve bet on PP the odds may have changed a lot on Betfair and you could be left out of pocket.

      Reply
  10. Matt

    09. Jul, 2014

    My free £20 bet on Paddy Power has been broken in to 4 £5 bets. How would I re-calculate the backers stake for Bet Fair to take this into account?

    Reply
    • Jake Butler

      09. Jul, 2014

      Hi Matt, all of the £5 bets can be used in one go.

      Reply
  11. Lozza

    09. Jul, 2014

    Hey, I have one last free £100 bet to place and I was looking to stick it on Messi to be Top Scorer, at back odds of 5.5 and lay odds of 5.5, also.

    The question I would like to ask is: what will happen in the event of a dead heat?

    Let’s say for example, Messi ties top position with James Rodriguez on 6 goals… Which winnings will divided in half and what will remain of my potential £78 profits?

    Many thanks in advance!

    Reply
    • Jake Butler

      09. Jul, 2014

      Hey Lozza,

      In a dead heat I believe that they split the bet and you win half and lose half. This should happen on both Betfair and the bookie meaning the halves will match up (if that makes sense).

      You should therefore get the same amount of profit.

      I know it’s likely but it still may not happen so everything should work out with the original bet.

      Jake.

      Reply
  12. Lauren

    07. Jul, 2014

    Hi,

    I don’t understand the lay bet part, how do you know how much to deposit on the qualifying bet? How do you know to deposit £7.31 for the liability? And later when you describe the free bet stage, how did you know to put £58 into your account?

    Reply
    • Jake Butler

      08. Jul, 2014

      Hi Lauren, the automatcher tool tells you exactly how much to put in as your liability.

      Reply
      • Lauren

        08. Jul, 2014

        Okay, I still don’t understand how you know how much to put the backer’s stake as? So is the liability the amount of money you’re betting? Or is the backer’s stake how much you’re placing on the bet? Also, if your bet wins on betfair exchange, do you just win your liability money back? Or do you win the backer’s stake too?
        Because if I put £10 on Paddy Power, which I must do in order to get the free bets, I will have then put £17.74 on the liability, which means I’m down £27.74, so if my bet on betfair wins, then will I only win back the £17.74? As this would mean I would be down £10?

        Reply
        • Jake Butler

          09. Jul, 2014

          Hi Lauren, the automatcher tool tells you exactly how much to put in as the backers stake.

          Lay bets work slightly differently from back bets so the liability is the amount you will lose on Betfair if you don’t win that bet. The backers stake is how much you’ll win if the bet wins.

          If you follow our link you only need to bet £5 on Paddy Power to get the £20 free bets.

          Using your example though: If you win on Betfair you’ll get your liability + the backers stake amount back meaning you’ll only make a small loss.

          Jake.

          Reply
  13. Alex Skoludek

    06. Jul, 2014

    Hi again Jake,

    Another quick question. Is the amount that the auto matcher tool says I can win on the free bet the maximum profit i can make? Or can i find odds around the 6.00 mark and make even more profit?

    Alex

    Reply
    • Jake Butler

      07. Jul, 2014

      Hi Alex, the automatcher picks out the best deals currently available. But, if on the off chance, you find closer and better odds then by all means go ahead with those.

      Reply
  14. Sfs

    03. Jul, 2014

    Could I just match a bet with 3.000 pounds and then become very rich? Or am I not seeing something here

    Reply
    • Jake Butler

      03. Jul, 2014

      You can only make money with the free bet amount.

      Reply
  15. Ladan

    02. Jul, 2014

    Hi,
    I have a question about the Ladbrokes free £100 bet. Will it only be applied after the match you’ve bided on is over? Because I’ve looked under free bets and it doesn’t seem to be there. I entered the promo code at registration also. Thanks.

    Reply
    • Jake Butler

      03. Jul, 2014

      Hi Ladan,

      Have you double checked the T&Cs. As long as you followed the instructions you should have unlocked your free bet after carrying out the qualifying bet. Some of the main terms include:
      - new Ladbrokes customers only
      - use of correct promo code
      - must be used within 7 days of unlocking it
      - qualifying bet must be on odds of 1.2 or higher
      - qualifying bet must be fully settled first
      - UK only

      I’m sure if you get in touch with Ladbrokes (care@ladbrokes.com) they should be able to assist you.

      Jake

      Reply
  16. James

    02. Jul, 2014

    I have been looking around for months for a viable method to make some money online, I come across this site which pays for surveys you do… There are tons of similar sites out there, can you advise me if this is legit??

    Here’s the Link: [Link removed]

    Reply
  17. Katy

    02. Jul, 2014

    On Bet365 they’re offering up to a £200 free bet when you deposit over £10 as a new member. However, it says you have to rollover your deposit and bonus three times prior to making a withdrawal… The problem I see here is that you’re going to have to spend say £630 on the website before you can even take it out. Is this rollover thing some kind of scam? I’m totally convinced by the whole matched betting thing and am going to try it out on paddypower tomorrow but could you shed some light on this? SURELY you’d win some money back on your free bet but then you would never be able to get it out until you’d waster £630. Have I missed something? Cheers xo

    Reply
    • Jake Butler

      03. Jul, 2014

      Hi Katy, the rollovers are a little more complicated but there’s still a profit to be made.

      You would have to bet up to £630 you are correct. However, you can match it each time to make sure that you don’t lose too much (if that makes sense).

      If you’re lucky though you will win one of the rollover bets on Betfair and then you can just withdraw the winnings from there.

      Jake

      Reply
  18. Alex Skoludek

    01. Jul, 2014

    Hi guys,

    Basically i was just wondering, if i lose my lay bet and thus my liability, is that loss covered in the winnings of the ‘back’ bet?

    Alex.

    Reply
    • Jake Butler

      02. Jul, 2014

      Yes, if you follow the instructions you cannot lose.

      Reply
  19. BEN

    30. Jun, 2014

    Hi, once we’ve been through all the links above, where is the best place to look for further sites? Thanks

    Reply
    • Jake Butler

      03. Jul, 2014

      Hi Ben, we have tended to mention all of the sites that are trustworthy enough to carry out matched betting on. However, I’d suggest searching for a list of UK bookies and then checking each one for their free bet offers. Be very careful to check the terms on each one too.

      Reply
  20. e7

    30. Jun, 2014

    make sure you check the T&C of the free bets. on Bet Fred you don’t qualify for the free bet if you deposit using paypal

    Reply
    • Jake Butler

      01. Jul, 2014

      Yes, we do recommend that you always check the T&Cs of each bet offer as they change over time and each on has different terms. It’s mentioned a couple of times within the guide.

      Reply
  21. SHRISHAIL

    28. Jun, 2014

    after getting our profit from some bookmaker then it is compulsory to change bookmaker?

    Reply
    • Owen Burek

      30. Jun, 2014

      Yep, you can’t register twice for any of them. You may however get existing user free bets in the future.

      Reply
  22. SHRISHAIL

    27. Jun, 2014

    HI
    if i place lay bet on both teams like for example
    ivory coast vs Algeria
    lay bet for ivory will be 5 and lay bet for Algeria will be 1.5
    i will put 5 euro on ivory coast and 15 euro on Algeria then whoever wins i will get profit?

    Reply
    • Owen Burek

      30. Jun, 2014

      It doesn’t work like that, please read the guide again. You need to place a back and a lay bet on the same outcome.

      Reply
  23. BEN

    27. Jun, 2014

    Hi Owen,

    getting on well, gone through all your sites now bar one. Can I just check we can still do the Betfair £50 one if we have already signed up to use the exchange? Does that not count as an existing account with Betfair?

    Also once the list is exhausted I take it we should use sites to search for free bet bonus sites and take a good look at the T&Cs?

    Cheers

    Reply
    • Owen Burek

      30. Jun, 2014

      There’s some other comments on this, I believe it’s best to contact their customer services and ask for it (say you signed up believing you’d get it) rather than setting up a new account.

      Reply
      • BEN

        30. Jun, 2014

        thanks will do

        Reply
  24. Emile Cole

    24. Jun, 2014

    Hey, I did this with Paddy Power and all was well. I’ve now tried with winner.com and I too have been given 5 bet tokens instead of £25 free. I bet £25 on Colombia to win against Japan, which came in, meaning I’m up to £58.75 on winner.com. I’ve withdrawn that, which leaves me with my bonus money, but it won’t let me place a bet larger than a tenner. I’ll post screenshots below.

    https://dl.dropboxusercontent.com/u/1188395/Winner1.PNG

    https://dl.dropboxusercontent.com/u/1188395/Winner2.PNG

    https://dl.dropboxusercontent.com/u/1188395/Winner3.PNG

    Reply
    • Owen Burek

      25. Jun, 2014

      Did you follow the link in the guide? That offer is http://www.winner.com/en/free25/ which clearly says “a Free Bet” which implies single £25.

      Reply
      • Emile Cole

        25. Jun, 2014

        I sent them the following email:

        “Hello, I signed up to winner.com through this link (http://www.winner.com/en/free25/) and placed a £25 bet. I expected to receive a free bet worth £25 but instead I have 5 bet tokens worth £10 each that can only be used on certain markets. This is not what was described in the link. Would it be possible to replace these tokens with the £25 free bet I’m due?

        Thanks, Emile.”

        So we’ll see what happens.

        If the worst comes to the worst, would my best bet be to place a £10 matched bet with Winner and then just gamble with the tokens? I think I’ll still make a couple of quid profit?

        Reply
        • Owen Burek

          26. Jun, 2014

          Yeah at least you have some guaranteed profit either way, looks like you got 2x £10 single free bets?

          Reply
          • Emile Cole

            26. Jun, 2014

            Here’s my response:

            “Thank you for contacting Winner Sports Customer Services.

            Currently we offer a number of Winner Welcome Free Bet promotion upon registration.

            We see that you signed up via an affiliate which have triggered the Welcome free bets worth up to £50. As per the terms and conditions, the free bet will be awarded into 5 tokens as follows: a Single Bet token, a Double Bet token, a Treble Bet token, a Four-fold Bet token, and a Five-fold Bet token. Each are for £10.

            Unfortunately, we won’t be able to amend the Welcome free bets on your account as you are only entitled to one.

            We hope this resolves your query.”

            Slightly annoying. It might be worth updating this guide with an extra note about the importance of signing up to Winner.com through your link. In all honesty I thought I had, but I guess I clicked on it, looked around the site a bit and then signed up through another link. Ah well, a couple of quid guaranteed profit and three free accumulators isn’t anything to moan about :)

    • BEN

      25. Jun, 2014

      Yes exactly what i got. I found it too complicated to try and lay these as they are accumulators, so I just placed bets with them as I’ve not made much of a loss to get these £10 bets. Fingers crossed one of the bets will come in! If not nothing lost. A bit annoying though! Oh well I suppose offers change from time to time! Never mind!

      Reply
  25. BEN

    23. Jun, 2014

    Good evening,

    Just finished the Winner qualifying bet for £25, but seem to have ended up with 5 x £10 bets, first one a “single” bet, then the next one is a “free bet token”, the third a “5-fold accumulator”, then a “4 fold accumulator”, and then finally a “double free bet token”… I’ve laid the first £10 bet but not sure if I should use the others? Have I gone wrong?

    Cheers

    Reply
  26. Marcus Williams

    22. Jun, 2014

    Hi I am just wondering, I have got my free £20 pound bet and I just need to put it on, however it says on the calculator that I need to put a 13.20 bet on bet fair, however I need to have ay least £27 in my bet fair account how come?

    Reply
    • Owen Burek

      25. Jun, 2014

      The £13.20 isn’t your bet, it’s the “backers” bet. Your liability will be £27 and that’s why you need that in Betfair.

      Reply
  27. Dave

    22. Jun, 2014

    Hi great site and advise have used and made a couple of bbet and up about £80. But have a couple of questions have noticed on a couple of bookies betvictor and betbutler that they use 90 minutes rule as betfair include stoppage time surely this means a risk that lose on both sides How do you cater for this? Also how do you approach the site only giving a free bet for a losing bet?

    Reply
    • Owen Burek

      25. Jun, 2014

      Good question, “90 minutes” is actually “Full time” and includes stoppage time.

      Reply
  28. hafi

    19. Jun, 2014

    HI
    I have just been introduced to this method of winning just recently. But i cant seem to understand how to lay my bets. Basically when i go onto the betting websites they give me three options W-D-W.

    Reply
    • Owen Burek

      20. Jun, 2014

      Yes, you can only lay bets on Betfair (red boxes). Please read the guide again :)

      Reply
  29. Ann

    18. Jun, 2014

    Hi
    Thanks for a great guide.
    Just to advise that Winner’s terms and conditions are showing qualifying bet must be for odds of 2.00 (evens) now though.

    Reply
    • Owen Burek

      18. Jun, 2014

      Thanks Ann, hard to keep up with them all at the mo!! Updated.

      Reply
  30. Andy

    18. Jun, 2014

    Hi Owen,

    Does the value of your liability (the amount you need in your Betfair account) increase as the size of the free bet increases?

    Thanks,
    Andy

    Reply
  31. BEN

    18. Jun, 2014

    Hi Owen,
    I’ve just placed a lay bet for Sunday (4 days away) and the majority of this is currently unmatched… (£18 if £18.82)

    Should I be worried? What’s the worst case scenario? Can I continue with the bet?

    thanks
    Ben

    Reply
    • Owen Burek

      18. Jun, 2014

      Ben please see my reply above to Alex Henshelwood.

      Reply
  32. Matt

    17. Jun, 2014

    Hi,

    Thanks for the amazing guide! :)

    Couple of questions though – I qualified for the Sports Winner free bet (deposited £25 and the bet has been settled) and now my free bet is in the form of 5 £10 tokens – two normal free bets of £10 I think, one double, one 5-fold accumulator, and one 4-fold accumulator. How do I match these bets?
    Also, do you know how I actually use the bet tokens? It’s not very clear on their website :/

    Thank you! :)

    Reply
    • Owen Burek

      18. Jun, 2014

      That’s weird, it should be £25 flat. What did it say on the signup page?

      Reply
      • Sarah

        20. Jun, 2014

        Yeah, it doesn’t state that on the terms and conditions, but I’ve just received these as well. They call two of the bonuses simply ‘free bet tokens’ but in fact, you only get one single free bet token, one double free bet token, one triple bet token, one x4 bet token and one x5 bet token. A bit cheeky. Is there any way of matching these, or should we just use them and hope for the best?

        Reply
        • Owen Burek

          20. Jun, 2014

          I’d contact them first refering to the terms of the offer you signed up for http://www.winner.com/en/free25/ It clearly says “a Free Bet” which implies single £25.

          Reply
          • Sarah

            20. Jun, 2014

            Bahh, it looks like we’ve signed up to the ‘bet £25 and get a free £50 in bets’ offer, which states: ‘Open an account with Winner Sport and when you deposit and bet £25 (or equivalent) or more, we will give you Free Bets of the same value up to a maximum of £50 (or equivalent).’.

            Is there any way of laying against accumulators, or do we need to just gamble and take what we can get now?

            Ps. this guide is absolutely fantastic. Thank you so much for the time and effort you must have put in to share this!

  33. Ben

    16. Jun, 2014

    Thanks Owen,

    one last one, what’s the best way of keeping track of where your bets are and where the “winnings” end up etc?

    Cheers
    Ben

    Reply
    • Owen Burek

      18. Jun, 2014

      I just use a simple spreadsheet to be honest, it’s the easiest method.

      Reply
  34. Ben

    15. Jun, 2014

    Hi

    Brilliant guide. Thank you! Just starting out

    A quick question. I know this is about taking gambling out of the equation, but could you technically use the qualifying bet to pen up the free bet, then not lay the free bet? At worst you wall away with nothing, at best you could win on decent odds? Is it just the difference between a lower guaranteed turn vs an uncertain higher return?

    Secondly I have just used my first £20 free bet (as per your guide! ) and the return should be about £13. Is this because the odds and therefore layer capital required are quite low (3.6)? How would I have got closer to the 95% return?

    Again many many thanks!
    Ben

    Reply
  35. Marge

    15. Jun, 2014

    Hi Thanks for all the info but I have a problem with the lay betting I am doing on some of the world cup teams. The lay odds are so high and therefore the liability is a worry. I assume anyway the liability amount has to be in my account to lay the bet is this correct? I am struggling with this having already put the back bets on. Any suggestions

    Reply
    • Owen Burek

      16. Jun, 2014

      Yes that’s right. Have you already placed the back bet but not the lay bet because you don’t have the funds? Is that right? I always suggest running the full calculations through the tool first to avoid surprises, and opt for lower odd prices if you’re worried about funding the liability.

      Reply
  36. Nigel Robinson

    14. Jun, 2014

    Hello
    Can I do this matched betting using an I. Pad only

    Thanks
    Nigel

    Reply
  37. B.T

    13. Jun, 2014

    I saw today using the tool on this page that in the Varese-Navaro match it showed a profit of around £26 using PP.

    Is it ever possible to make more money than the free bet value?

    Reply
    • Owen Burek

      16. Jun, 2014

      Can you remember what the odd prices were? It can happen but is very rare.

      Reply
  38. hannah

    13. Jun, 2014

    Hi Owen.

    Your guide is great. I’m just starting and your information is very helpful. I betted £5 on paddypower but have not yet received my free bet…how long does this usually take to come through?

    thanks

    Reply
    • Owen Burek

      16. Jun, 2014

      Once your first bet has settled usually. If not email or call them on 08000 565 275.

      Reply
  39. Alex Henshelwood

    13. Jun, 2014

    I just tried laying a bet on the exchange and half my bet seems to be unmatched and half matched, what does this mean? (have I messed it up?!!??)

    Reply
    • Owen Burek

      16. Jun, 2014

      If it’s unmatched on Betfair, it means that you’ve ‘offered’ the lay bet but there isn’t enough money being backed to cover you at the odds you chose. It depends how long you have until the match/event starts, as it could still be matched.

      If it’s not too late, I would suggest cancelling your matched bet and starting again making sure enough money is available at the different odds (look at the small £ number below the lay odds).

      You could wait until there’s more backing money and you’re remaining amount will be automatically matched, but there’s no guarantees here.

      If you can’t cancel or don’t want to wait, I’d probably go ahead and just accept the different odds but it’s really important that you do bet the full amount at Betfair so it cancels the risk with the bet at the bookmaker.

      Reply
  40. Chris

    13. Jun, 2014

    Barry, I’ve just been blocked from placing any bets at all with 888 now, presumably for the same reason although other than the £88 offer I’ve hardly used them, was planning to use them for their world cup offers but never got the chance! Ho-hum, off to the other bookies it is I suppose.

    Reply
  41. Sarath

    07. Jun, 2014

    HI Jack
    Pls explain why you should place a GBP2.84 whena minimum required is GBP10? I am a novice and appreciate if explained in simpler terms.
    Thanks

    Reply
    • Owen Burek

      11. Jun, 2014

      The minimum deposit on Betfair is £10, but you can place a smaller bet.

      Reply
  42. Barry

    05. Jun, 2014

    Hi,

    Thanks for the guide, I started using it in December & am currently showing a profit of just under £550.
    I would just like to share with you my experiences with 888Sport. I took advantage of the initial £88 free bet offer & at various time since have received details of additional bonus offers relating to Champions League, the Cheltenham Festival & the Grand National. With these I was able to take my total profit on free bets with 888Sport to £155.
    However I have now been informed by them that I will no longer be eligible to take part in any further promotions as in their words “we noticed that the way you have used your account with us, leads us to believe that your reason for joining our site was to take advantage of the bonuses we provide”
    Have you heard of this taking place before or with any other bookies?

    Reply
    • Jake Butler

      06. Jun, 2014

      Hi Barry, we haven’t heard of this before but as far as I’m aware they’re well within their rights to do this (as long as they’ve mentioned something along those lines in the T&Cs).

      It seems like you made a decent profit from 888Sport (more than just the £88 free bet) so I’d recommend moving onto other sites. As the world cup’s coming up there should be a few more bonuses about soon too :)

      Also, congrats on the £550 profit!!

      Jake.

      Reply
  43. micheal

    31. May, 2014

    I really wana know if anybody has used bet365 ‘cos I am about to make a deposit in my account but the conditions to unlocking the free bonus state that I bet all my deposit once. does anyone as a clue on this ?

    Reply
    • Owen Burek

      02. Jun, 2014

      I believe so, and you also need to wager the deposit AND free bet amount three times (eg. £200 dep + £200 free bet = £400 x 3 = £1200) before you can withdraw.

      Reply
  44. Martin

    30. May, 2014

    Is it possible to guarantee a profit on offers such as “Money back as a free bet (on losing bets) if Brazil win the World Cup” or ‘risk-free’ ones like “Money back as a free bet if your bet loses”?

    With that last one I’m looking specifically at Unibet’s current sign-up offer, which says they’ll refund your first bet up to £20 if it loses. I could treat the initial £20 bet as a qualifying bet and guarantee to make a small loss, but then there’s a chance I won’t get the free bet (if I win the back bet with Unibet and lose the lay bet) which would mean I ended up slightly out of pocket.

    Is it possible to adjust the lay liability such that I’ll make a profit if I win the back bet and lose the lay bet, and a loss (which I understand will be bigger than the loss if I used your spreadsheet and treated it as a qualifying bet) if I win the lay bet and lose the back bet? And if so, how do I go about working out the maths to maximise my profit? Do you have a spreadsheet for these kind of offers? I understand the net profit will vary somewhat depending on how much value can be extracted from the free bet.

    Reply
    • Owen Burek

      02. Jun, 2014

      If you’re looking for guaranteed profit I wouldn’t recommend these offers, as you say there’s a chance you won’t get the free bet and will end up with a small loss. You can’t fiddle the maths either, unless you find rare arb odds.

      If you are still tempted and willing to risk a (smallish) loss it’s probably worth picking higher back odds so there’s more likelihood the bet will lose.

      Reply
  45. Josh

    25. May, 2014

    Hi Jake

    When you talk about loss in the qualifying bet, is this the maximum loss that can occur from these bets. Secondly i can’t work out the outcome of your example bet if West Brom had won or drawn. I don’t understand if you are still in profit or loss.

    Thanks

    Josh

    Reply
    • Jake Butler

      27. May, 2014

      Hi Josh,

      With matched betting you lose a little bit on the qualifying bet and a little on the free matched bet (due to commission and the odds differences). But you obviously still make a profit at the end of the process.

      If you follow the instructions in the guide you are guaranteed to make a profit.

      In the example bet, if West Brom had won or drawn your winnings would be on Betfair.

      I hope this makes sense.

      Jake.

      Reply
  46. James T

    22. May, 2014

    Hi Jake,

    Is there anyway that you know of to claim a free bet on a site when you already have an account with them? It seems a lot of the time they are for new customers.

    Thanks

    James

    Reply
    • Owen Burek

      22. May, 2014

      Yep, keep a close eye out for emails from the bookies you’ve signed up with (I filter mine into a different folder) as they often send out existing customer bonuses.

      Particularly with big events like the World Cup and when you haven’t placed a bet for a while (to get you back).

      Reply
  47. James T

    20. May, 2014

    I’ve sussed where my calculations were wrong. Thanks.

    Reply
  48. James T

    20. May, 2014

    Hi Jake,

    The odds to Lay were 4.6.

    Thanks

    James

    Reply
  49. James T

    20. May, 2014

    Hi Jake,
    The odds I got were 4.2 for A Madrid to win.

    Thanks

    Reply
    • Jake Butler

      20. May, 2014

      Hi James, what are the odds to LAY an A Madrid win.

      Reply
  50. James T

    19. May, 2014

    Hi Mate,

    I have been looking through this system and was curious as to whether I am making an error somewhere. But basically, I came to calculations that on the decent match odds, regardless of whether it is a free bet, if I used higher amounts my profit would increase both sides quite a bit. In the sense that if I bet £200 on A. Madrid at 4.2 I will get a return of £840 including my stake. To Lay against this I need to have the liability in my account of £506.37. If A Madrid win I pay out the £506.37 I lost and also remove my £200 stake which leaves me with £133.62. If A. Madrid draw or lose, of an initial stake of £140.66. I get a return of £647.04 where I deduct the £200 i lost on betting on them winning and the £140.66 stake I placed leaving me a return of £306.38.

    Is that correct, I must be going wrong somewhere.

    Cheers

    Reply
    • Jake Butler

      20. May, 2014

      Hi James,

      You cannot make any profit without using a free bet. Otherwise we’d be on a beach in the Bahamas somewhere right now ;)

      If you let me know the odds you had for laying A Madrid to win I can do the calculations for you.

      Jake.

      Reply
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