Make money from Matched Betting (full guide)

Owen Burek

By in Make Money. Updated June 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 free 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: £1940

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 »
Wincashlive £10 £25 2.00 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 1.85 Claim Now »
Winner £200 £200 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



1,983 Responses to “Make money from Matched Betting (full guide)”

  1. 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
  2. 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
  3. 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
  4. 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
  5. 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
  6. 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
  7. 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
  8. 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
  9. 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
  10. 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
  11. 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
  12. 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
  13. 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
  14. 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
  15. 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
  16. 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
  17. 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
  18. 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
  19. Roger

    15. May, 2016

    Hi, can you please explain why its better to place free bet at higher odds? in my understanding the higher are the odds the more you pay in commission if you win on Exchange.

    “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).”

    Reply
    • Rick

      16. May, 2016

      The free bet has more value if you place it at higher odds as usually the stake isn’t returned. 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, from 8.00 to 8.20. You want this percentage difference to be as small as possible.

      The commission will always be 5% of your net profit.

      Reply
  20. Pete

    13. May, 2016

    Hi wonder if you can help I used to do this matched betting pretty regularly and it worked great for me. I’ve come back to it now and I can’t make sense of how it works in my head and assume I’m just missing something. On the free bet, if I bet £20 (free bet) backing a 4.00 outcome, and then place a £20 bet on bet fair at lay odds of 4.00 (obviously these figures maybe slightly different but assuming for simplicity), then I have to pay the liability of £60 upfront so I am down £60. If I win on bet fair I get £60 returned as well as my £20 stake and so I have £20 profit and thats fine. But if my back bet wins, since the free stake isn’t returned, I will get returns of £60, and lose my £60 liability on bet fair – so Ive gained nothing (intact often LOST a small amount)? What am I missing here? Id really appreciate any help.

    Reply
    • Rick

      16. May, 2016

      You don’t lay £20, if you put those figures in our manual calculator you should be laying £15.19, so after commission you would be profiting just under £15 either way. 🙂

      Reply
  21. Billy

    10. May, 2016

    Hello

    1) how much will I need to do all these free bets and get a return ?

    2) once I have signed up and done them in my name can I then do it in another name? and still withdraw to my bank account?

    Thanks

    Reply
    • Rick

      11. May, 2016

      1) I would say you’d only need £100 to get you first started with the easier sign-up offers, but if you have more then it would be useful as you can attempt more than one at a time (including the bigger ones)

      2) No I would not advise this, this would violate their terms upon registering and your account may be flagged immediately as a result

      Reply
  22. SR

    09. May, 2016

    A quick question. I have backed Everton to beat Sunderland on PP and placed a lay bet on betfair as mentioned in the automatcher. I already had around £22 in my betfair account so needed to deposit an extra £70 odd to cover the liability. Can you tell me if my lay bet wins, will I only get the stake of around £22 back? If so, will I not lose the extra £70 that I deposited and also the 3 X £30 bets that I used on PP? Thought I had got this, but still a bit confused, and looks like I’ll lose a lot of money if my back bet doesn’t come in.

    Reply
    • Rick

      10. May, 2016

      Yes if your lay bet wins with Betfair then you’ll get the lay stake you entered back (minis commission).

      You will not lose the liability on the exchange if your lay bet wins.

      Yes you’ll lose your 3 x £10 bet tokens with PP but remember those were free so this shouldn’t affect your net P&L.

      Reply
  23. Sam

    09. May, 2016

    For SR free bets with large rollover requirements, presumably a good strategy would be to back your free bets on really low/long odds, to minimise the chance of winning with the bookie and ending up with money that you can’t withdraw in the bookie account?

    Is this a reasonable idea?

    Obviously it’s off-set by the fact that backing long odds means a larger liability on betfair…

    Reply
    • Rick

      10. May, 2016

      No I wouldn’t encourage this because your qualifying losses will tend to be higher when matching selections with high odds and you’ll be kicking yourself if the bet with the bookmaker wins, as you’ll have more tied in with the bookmaker and a presumably large amount gone from the exchange.

      Reply
  24. Dave

    08. May, 2016

    Just to add to my earlier comment about 32Red and having to place the £10 qualifying bet IN PLAY, I have now since found out that the FREE £10 bet must also be PLACED IN PLAY. OMG!

    Reply
    • Rick

      09. May, 2016

      Hi Dave, thanks for pointing this out for us. Sorry for the confusion with 32red, we’ve now updated the steps so it should now all be clear. But yes, you need to place a £10 in-play bet to receive a free £10 bet that must also be used in-play.

      Reply
  25. Iris

    08. May, 2016

    Hi, I think there is something wrong with the auto matcher when calculating best profits to free bets.Here is the case:
    back odds: 3.75 and lay odds: 4.1
    use 25 free bet on back odds. It suggests bet 16.98 on lay odds so that I can make 16.11 profit. It’s right but not making the profit maximum.
    For example, if I bet 10 on lay odds. If back bet wins, I will get 3.75×25-(4.1×10-10)-25(#free bet)=37.75 profit. If lay bet wins, I will get 4.1×10-10=31 profit.

    If I got something wrong, please correct me! I got confused for hours. Thank you!

    Reply
    • Rick

      09. May, 2016

      You’ve confused the lay stake and the liability here.

      If you lay 10 at the odds you suggested then you’d only make £10 if the lay bet wins (- commission).

      Reply
  26. Dave

    08. May, 2016

    Hi again,

    I placed a £10 qualifying bet on 32Red website then waited for the outcome (I lost on 32Red and won on Betfair). Then I expected to be able to use my free £10 bet on 32Red. However, the free £10 bet kept showing on my account as “pending” even though the original qualifying bet had been settled hours before.

    I eventually phoned their customer services (very difficult to find them from their website) and their agent told me I had to place the original qualifying bet IN PLAY (i.e. not hours before the match as your website sensibly says). Afterwards I had another look at their terms and conditions and realised their agent was right. Now I’ve been told that to get the free £10 bet I need to place a second £10 qualifying bet in play.

    I thought you need to be made aware so as to remove them from your free bets, unless people want to “gamble” with in play.

    P.S. I still love your website though.

    Reply
  27. harrison

    06. May, 2016

    how do you calculate the backing stake for betfair ?

    Reply
    • Jake Butler

      10. May, 2016

      Hi Harrison, the calculator works it out for you. It’s a complicated equation.

      Reply
  28. Paddy

    06. May, 2016

    Could I sign up for multiple free bets at once and bet on the same game, then use betfair to match all of them? Or would that not work?

    Cheers

    Reply
    • Jake Butler

      10. May, 2016

      Yes, potentially you could but different bookies have different odds on certain games meaning it might not be best to go with the same game on all of them as it may not be the closest odds and therefore not the highest potential profit.

      Reply
  29. Geoff

    05. May, 2016

    Hello all,

    I notice in the t’s &c’s of the betting websites that they say if they suspect customers are using bet matching to guarantee profits, they will not pay out the free bets.

    Have you ever heard of a bookie refusing to pay a free bet?

    Thanks, Geoff

    Reply
    • Jake Butler

      10. May, 2016

      We’ve never heard of anyone having issues with this on a sign up free bet.

      Reply
  30. Jay

    04. May, 2016

    Please can you explain the difference between an Exchange and a Bookmaker?

    When you bet at PP you bet say £10 and lose that only, or win as normal, but on BF you “stake” a set amount, say £10, but back it up with a liability, say £10.50 so could lose that whole amount.

    I understand how this works with matched betting and why it’s not an issue if you do that, but I’d find it helpful to understand what an Exchange actually is.

    Reply
    • Rick

      04. May, 2016

      🙂

      An exchange is essentially an online marketplace where you can bet with others on the outcome of a particular event.

      A bookmaker takes bets from customers on particular events at agreed upon odds.

      Reply
      • Jay

        08. May, 2016

        Thank you.

        I’ve done my first one and got a couple more questions.

        1 – if we move to bookmakers who aren’t on your automatcher thing, how do we calculate the Backer’s Stake amount? It’s not the same amount as the free bet but it must be related somehow. So how are the Backer’s Stake, the odds and the liability related? And how does the amount of the free bet on the bookmaker’s site affect the choice of backer’s stake?

        2 – Betfair has the arrows to change the odds in the bet we’re placing. Are we ever likely to need to use this? Why not move the Betfair odds to match the bookmaker’s odds?

        Thanks again!

        Reply
        • Rick

          09. May, 2016

          1) The stake required on the lay bet (I assume this is what you mean by backer’s stake) is calculated so that you lose (or make) exactly the same amount regardless of whether the exchange bet or bookmaker bet wins. The higher the free bet, the more you can expect to lay as there’s more value in this. The liability is directly related to the lay stake and the lay odds; I wouldn’t worry too much how but keep in mind the higher the odds the greater your liability would be (assuming stake is kept constant).

          2) Because you want to ensure your bet gets matched, the odds shown in the pink box are the current odds offered on the exchange and those would definitely get matched.

          Hope this helps. 🙂

          Reply
  31. Dave

    03. May, 2016

    Hi again

    I placed a qualifying bet on William Hill and then Betfair. Got a footie match on Sat. I read from another of your questions and answers that you can then place the FREE bet, if it’s possible, before the result of the qualifying match.

    I tried to do this with the £20 free bet just to see what profits were being forecast on your calculator and could not believe my eyes. Four or five football matches were each showing approx £13 profits as expected but there was also a boxing match with your calculator showing £41.80 profit (that’s NOT a typo! Yes, forty one pounds profit!).

    How can that be on a £20.00 free bet, I did not use a manual calculator, just your tool and free bet. I scrambled to get the required deposit into Betfair but had forgotten my password. It was about 15 mins later when I was ready, so I opened a new tab and the same result with the boxing, plus one or two footie changes. Surely your calculator is wrong? I stand to lose about £13 on Betfair, so nothing too substantial.

    I even took separate screen shots of all the main info I was seeing (I’ll send them if you wish) because I was sure nobody would believe me…..

    Please tell me this is too good to be true?

    Thanks.

    Reply
    • Rick

      04. May, 2016

      Please ignore any boxing suggestions from the automatcher, this is a glitch and we’ve just resolved the issue.

      Reply
      • Jade

        04. May, 2016

        Wish the glitch had been found before I placed my £30 free bet on the fight!

        Reply
        • Anon

          08. May, 2016

          Me too! My first go at matched betting. Did 2 offers this week to ease in slowly – checked all the results today and I am down rather than in profit (only £5, but still) as i followed the auto matcher suggestions to the letter!!

          Gutted!

          Reply
          • James

            10. May, 2016

            If you read the guide and fully understood matched betting (which is what they tell you to do before going ahead) then you would have known that it’s not right to back one outcome and then lay the opponent. It shouldn’t have been in the matcher but I saw it too and realised it wasn’t right. Human error is the only thing that can go wrong with matched betting.

            This comment is awaiting moderation.

  32. simon

    03. May, 2016

    hi – looking at your Amir Khan free bet it says to back amir khan at 3.75 (skybet) then it says to lay on the 1.3 – which is his opponent.

    is that not the same bet ? backing amir kahn with skybet and betting against his opponent with betfair?

    ive placed the bet now as profit seemed good but this does not make sense to me

    thanks

    Reply
    • Rick

      04. May, 2016

      Please ignore any boxing suggestions from the automatcher, this is a glitch and we’ve just resolved the issue.

      Reply
  33. KA

    03. May, 2016

    Hi,

    I initially deposited £100 into Netbet and recieved the £50 free bet. I then rolled over the bet (matching it on Betfair) to meet the requirments several times but kept winning on Netbet (accidentally) therefore ended up with £420 in Netbet.

    I was under the impression the requirements were 5 x (deposit + bonus) as I had messaged them a few times checking the amount i still needed to roll over which when i last checked was £360 by the 7th of may. They now tell me i have £660 left to roll over and the requirements have ALWAYS been 6 x (deposit + bonus). They said i was told ‘incorrectly’ before and they will give me an extra 60 days to meet the requirement.

    What is the best way to go about this (bet £50-£100 a time and hope to win on Betfair)? Have you noticed their terms and conditions have changed recently?

    Reply
    • Rick

      04. May, 2016

      Nope, as far as I’m aware NetBet have always had a £900 rollover for their sign-up offer and it does say “Players must play through your deposit and bonus six times (6x)” in their terms. If your pockets are deep enough, I would suggest betting £150 at a time keeping your matching loss small each time (around £5 if possible). I would discourage placing bets on selections with high odds as this would typically mean a higher matching loss and if your bet wins with NetBet it could get very uncomfortable.

      Reply
  34. Alex

    03. May, 2016

    Hello, I have completed and lost my qualifying bet on coral, now giving me mt £20 free bet. I obviously won the amount on betfair so I have a current balance on there of £24.82. So I have lost the 18p it showed I would on your auto matcher. Now though, choosing the free bet option for coral on the matcher shors odds of 4.33 for a draw but the coral website seems to show odds of 4.5. Am I missing something? Do I need to adjust my lay bet on betfair to compensate for this if it is slightly out.

    Reply
    • Rick

      04. May, 2016

      Looks OK now, but if it happens again please let us know. It’s worth remembering to check the odds on both sides before placing any bets.

      If you’re using odds that a different to the ones shown on the automatcher then you can type the back/lay odds in our manual calculator on http://www.savethestudent.org/matched-betting-calculator/ (remember to select free bet if necessary) to work out the needed lay stake to put on in Betfair.

      Reply
  35. Ellie

    02. May, 2016

    Hey guys! Need some help please

    I used paddy power and put down the qualifying bet. All went smooth. I am now using the free bets which was fine, but when I have completed the other bet on betfair it says part of it is ‘unmatched’.

    A little unsure of what this means or what i should do?

    Reply
    • Jake Butler

      03. May, 2016

      Hi Ellie, there is advice on this in the FAQs on this page 🙂

      Reply
  36. Jack

    01. May, 2016

    Hi,

    Thanks for this guide its really clear and i’m using it to pay off my student overdraft!

    I thought I signed up for your mailing list but I haven’t received an email since I signed up (around 1 month ago). Has their been an email to this list in that time (in which case i’ll try and sign up again because it hasn’t worked)?

    thanks

    Reply
    • Jake Butler

      03. May, 2016

      Hi Jack, yes there should have been an email within that month. Have you verified your email address and checked your spam/junk folders?

      Reply
      • Jack

        04. May, 2016

        I couldn’t find the email, maybe I entered the wrong email address. I’ve signed up again and it has worked now!

        Thanks.

        Reply
  37. Tom

    01. May, 2016

    I have been doing the bet365 £200 free bet and have ended up with £820 at bet365 (about £170 profit atm). In order to withdraw, I will need to bet £800 of the £820 and match this on the betfair exchange.

    If I were to bet at odds of 1.5ish so I don’t have to deposit a lot of cash at the exchange, making my liability 413.80 and my lay stake 827.59, I believe (as if it were a qualifying bet).

    So does this mean that I only need 413.80 in my betfair account, or is it the sum of both?

    Thanks

    Reply
    • Jake Butler

      02. May, 2016

      Hi Tom, you should only need enough to cover your liability in Betfair for each bet.

      Reply
  38. Craig

    01. May, 2016

    Hi there, I’m interested in starting but I’ve noticed that many bookies have rollover conditions on the free bet before you can actually withdraw them. What would be the best way to complete this assuming your free bet wins?

    Reply
    • Amir

      06. Jun, 2016

      This roll over thing has been something that was never mentioned by this stupid writer here.

      Reply
      • Jake Butler

        06. Jun, 2016

        We have fully described it. All you have to do is click on one of the bookmakers in the table that require a rollover and it’s all explained for you. I’m sorry that you were confused.

        Reply
    • Jake Butler

      02. May, 2016

      You can match each rollover bet until you’ve completed the requirements to withdraw.

      Reply
  39. ant caladine

    30. Apr, 2016

    Im trying to understand the initial loss of a qualifying bet on matched betting.
    In your example you spend £10 at Paddy and £10.39 at Betfair. (So have outlayed £20.39 so far)
    If your qualifying bet loses at paddy, you lose your £10 there, and get back around £10.39 from betfair.
    To me thats still £10 down on my initial £20 outlay. Not £0.13
    If it then evens itself out have the free bet part and then profits, then good days! Is that right?
    But if that’s then the case why make a lay bet on your qualifying bet. Save yourself say £10, cos your gonna get the free bet anyway.

    Reply
    • Jake Butler

      02. May, 2016

      Hi Ant, you’ve incorrectly calculated this. If you lose on Paddy you get back your liability amount + the lay stake. This will equal £9.87. This is where the 13p loss comes from. That stage is used to unlock the free bet (where you make the profit).

      I would recommend that you please read through the guide a couple more times to get a full understanding before carrying on.

      Reply
  40. Charlotte

    29. Apr, 2016

    If you lose at bet fair would you lose that £90 liability that you put in your example of your own money? If you lose in bet fair that amount would you win over £100 at the normal bookies to cancel it out? Is that guaranteed? I’m confused and a bit scared about using my own money for the liability and bets in bet fair in case I lose that bet and the winnings from the other don’t cover what I’m going to lose as the odds aren’t that high?!

    Reply
    • Jake Butler

      02. May, 2016

      That’s correct as that’s how matched betting works. You are covered either way.

      It seems you are still a little confused so I would recommend that you please read through the guide a couple more times to get a full understanding before carrying on.

      Reply
      • Steve

        04. May, 2016

        Hi Jake, I think the confusion here could be because the photo for PaddyPower at the end of step 6 only shows the potential winnings of a £10 bet (presumably one of 3 free bets to make up the £30).

        As such, at a glance some people might see that as only giving £40 potential winnings (which wouldn’t offset the potential loss at Betfair) – whereas in actual fact you’re looking at a £120 return if the PP bets come through.

        Could help to clarify that explicitly after the photo. Otherwise, cracking guide! 🙂

        Reply
        • Jake Butler

          04. May, 2016

          Hi Steve, it is clearly mentioned above the image but I see what you are getting at. Will look into whether we can make any changes to make it clearer.

          Reply
  41. `Charlotte

    28. Apr, 2016

    I think I am just figuring this out!
    Today i put a £10 bet in paddypower on chelsea v tottenham next week for chelsea to win. then i put in a £20 deposit into betfair by accident but still put a £10.07 bet onto chelsea not winning like it said on here. however on betfair it is a bit confusing.. it says liability 17.92 and my credit balance has gone down to 2.08? did it take more than my £10.07 bet? i really don’t understand how it works but i suppose i will see when the game has happened. i dont know what liability means and also my betfair £30 free bets haven’t appeared?
    so basically i’ve put in £10 into paddy power and £20 into betfair, how much should i be getting out after ive done the free bets, roughly? thank you!

    Reply
    • Jake Butler

      29. Apr, 2016

      Hi Charlotte, the £10.07 was your stake but if you lose on Betfair you will lose your liability amount which would leave you with £2.08 (this is why your balance is this much).

      The Betfair free bets are in the sportsbook section of the site and not the exchange unfortunately. As you’ve now already used Betfair (to lay this bet) you won’t be able to get the bonus.

      After the qualifying bet has completed and you go on to match the free bets you could expect around £15 profit.

      Reply
      • Charlott

        29. Apr, 2016

        Also, when you had a 90 liability, what would happen if you lost that bet on bet fair would you lose that whole 90 of your own money?

        Reply
        • Jake Butler

          02. May, 2016

          Yes that is correct. When you lose the bet on Betfair you lose the liability amount. It will be covered by your winnings on the bookmaker site though.

          Reply
      • Charlott

        29. Apr, 2016

        Does this mean I’ve done it wrong and lost my money? Cause I won’t have free bets on bet fair to get that profit?

        Reply
        • Jake Butler

          02. May, 2016

          No, it’s ok as you only need the free bet on the bookies site in order to make a profit.

          Reply
  42. Maria

    28. Apr, 2016

    Ok I have read through the example given above, and I can’t see where the amount of £23.51 comes from, when you had to place £10 on Pddy power, £10 on Betfair (equalling £20 of your own money) and the £30 free bet was also lost. The only money that was recovered was the £94 to top up Betfair. The profit of 23.51 doesn’t take into account the initial £30 put on to the first matched bets. o the profit is only £.51, or am I missing something. Can anyone show me the full calculation of amount put down combined with all profits made?
    I have just put £10 on PP plus £14.21 on Betfair. That’s £24.21 to make back along with anything else I pay out. So where is the profit to be made?

    Reply
    • Rick

      28. Apr, 2016

      A lay bet of stake £10 at odds 1.60 was placed on Betfair, meaning only around £6 was needed in your account.

      The £30 placed with PP was using free bet tokens so there’s no loss from that.

      Your profit will be made from matching the free bets from PP.

      Reply
  43. Maria

    28. Apr, 2016

    I have read the guide many times and understand, just about, the paddy power/betfair example. I think. What I don’t get is how to continue making profits from this method. Do I have to keep finding sites to place bets on, like PP, and then using Betfair to match the bets? and the profit comes from the free bets other sites give you? Is there any way of matching bets as an existing user on a reliable site or do I have to keep placing bets on sites that offer free bets?
    I just don’t have a brain that understands odds and betting very well, I’m sorry.

    Reply
    • Rick

      28. Apr, 2016

      Looks like you’ve understood it pretty well. 🙂

      Yes, yes, and both. You can subscribe to our mailing list for more information about existing customer promotions, as well as working through our sign-up offer table.

      Reply
  44. Steve

    28. Apr, 2016

    Firstly this is a great guide, thanks!

    With the Smarkets lost bet refund I am right that you have to keep betting £10 (accruing small losses as you go by matched betting!) until you lose

    When you lose the £10 is refunded and only then should you proceed to the Free Bet using that £10.

    Finally I guess you can withdraw your initial £20 deposit at any time?

    Reply
    • Rick

      28. Apr, 2016

      With Smarkets I would suggest using the bet refund calculator to lock in a profit. If your bet wins with them then keep repeating until it loses.

      If you withdraw your deposit before claiming the £10 refund then I think this wall cancel the promotion. But yes, you still can if you really need to.

      Reply
  45. Paula

    27. Apr, 2016

    Hello again.

    I’m coming across the ‘lost bet refund’ part of the calculator with some bookies.

    Do you always leave the refund part at £21 (assuming bet is £30)? Any particular reason for this?

    Also, on the dropdown, how do I know if I’m in the qualifying bet part of the lost bet refund or the free bet part as they both refresh and change to ‘lost bet refund’ a second later. Hope that makes sense.

    Reply
    • Rick

      27. Apr, 2016

      For a £30 bet refund offer, a free £30 bet will only be credited if your qualifying bet loses. We’re assuming that you’ll be able to convert the £30 bet token into around £21 via matching it as a SNR bet as you would normally by selecting high odds. Note that the £21 here is an arbitrary value, we’ve pre-filled the refund amount to be £21 as we’re assuming you’ll be able to convert 70% of the bet token value into real funds in one of your account balances.

      For the second question, I think you may be referring to the calculator for a particular bookmaker sign-up offer in our instructions. They’re refreshing to that specific calculator as that’s the one that’s relevant for that bookmaker. You can play around with the other calculators manually if you wish on http://www.savethestudent.org/matched-betting-calculator

      Reply
      • Paula

        27. Apr, 2016

        Hello. I do use this calculator often, especially as I use the method with other sports than football.

        I am still a bit fuzzy with the ‘lost bet’ thing but I’m sure it will come in time. I noticed that when selecting ‘Unibet’ it defaults to £50 stake and £50 refund amount. Should that be adjusted to 70% of whatever I decide to deposit as a back bet?

        Out of curiosity. What happens if you mess with the refund part of the calculator? Does it mean you will likely win less?

        Reply
        • Rick

          28. Apr, 2016

          No with unibet the refund is given as cash, as opposed to a SNR bet.

          Reply
  46. rachel

    26. Apr, 2016

    Hi just spotted on ladbrokes – it seems you only need to place a £5 bet to qualify for the £50 bet, not the £50 bet stated in the table?

    Not sure if this is an oversight on my part but looks like this may need editing?

    Reply
    • Rick

      27. Apr, 2016

      Ladbrokes will give you a free bet equal to your first bet stake up to £50.

      £5 is the minimum deposit needed to qualify for this offer but note you’ll only get a free £5 bet if you do this.

      Reply
  47. Jody

    26. Apr, 2016

    I started yesterday with £45 of my own money (all I had) pretty sure I did it wrong…..

    Placed first qualifying £5 bet, lost on coral won on betfair £5? Aren’t I suppose to lose money (a few pence) the qualifying bet and not gain anything till my free bet has finished?

    I got my free bet offer through and placed another back bet with it and lay bet but the match don’t end till tonight, but think I’m going to be out of pocket with it.

    Reply
    • Rick

      27. Apr, 2016

      No with some bookmakers (such as Coral) the free bet will be credited as soon as you place your qualifying bet.

      Reply
  48. Steve

    26. Apr, 2016

    Please confirm that you can never win more than the value of the free bets without risk.

    Reply
    • Rick

      26. Apr, 2016

      Yes that’s true.

      Reply
  49. Nick

    25. Apr, 2016

    Quick question – for rollover bets, should we be using the 1. Qualifying Bet or 2. Free Bet setting of the Bet Calculator. Or just find our own bets where the bet and lay odds are as close as possible.

    Reply
    • Rick

      26. Apr, 2016

      Use the qualifying bet calculator, trying to minimise the loss as much as manageable.

      Reply
  50. richard

    25. Apr, 2016

    I am totally lost with this! I want to do it but just can’t get my head around it! I want to do it without the free bets because I’m already a member of some of these sites. Will this work if I just use my own money instead of the free offers? Also, betfair exchange totally confuses me! When I select a lay bet I don’t know if I should be selecting Home/Draw or Away/Draw? Does Home/Draw mean that you are betting on The home team to win or draw? Or does it mean that you are betting that the home team don’t win or draw? Cheers.

    Reply
    • Jake Butler

      26. Apr, 2016

      Hi Richard, unfortunately you need the free bets in order to make profit. Using your own money will just mean you end up losing money each time. When you are doing a lay bet you are betting on something NOT to happen (eg. if I lay Man Utd to win then I am betting that they won’t win which equals a draw or loss). In your position I would really suggest reading the guide over and over until you have an understanding.

      Reply
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