Make money from Matched Betting (full guide)

Owen Burek

By in Make Money. Updated January 2017.

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

    Seeing blank pages? Turn off Ad Blocking plugins when matched betting!

  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 Oddsmatcher tool which does everything for you!

    My example

    I used the Oddsmatcher 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 Oddsmatcher 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

    Oddsmatcher tool (Qualifying bet)

    Use the Oddsmatcher tool below. 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.

    UPDATE: We've drastically improved the software for automating your matched bets. Continue to read this guide to understand the strategy, then click here to access the new site where you will be guided through the Coral sign up offer in real-time.

    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 Oddsmatcher.

    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 Oddsmatcher (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 Oddsmatcher below calculated that I'll make a clear profit of £13.01, whatever happens. Nice :)

    Oddsmatcher 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 Oddsmatcher. 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 Oddsmatcher.

    My matched betting profit

    My total profit from both matched bets, accounting for the 37p loss on my £5 qualifying bet, totals £12.64. I spent just under 20 minutes on the whole process, giving me an hourly rate of £37.92 as I move onto the countless other free bets out there (best listed below). Beats stacking shelves…

Please share with your friends!

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


More Free Bets

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

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

Important: Unlock ALL free bets

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

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


Current free bet total: £2,410

BookieDepositFree betMin. oddsClaim offer
Ladbrokes £50 £50 2.00 Claim Now »
Coral £5 £20 2.00 Claim Now »
Sky Bet £5 £20 2.00 Claim Now »
William Hill £25 £25 1.50 Claim Now »
BetVictor £10 £30 2.00 Claim Now »
188bet £10 £30 2.00 Claim Now »
LeoVegas £5 £NA 1.01 Claim Now »
Dafabet £30 £30 1.50 Claim Now »
Tote Sport £25 £25 1.01 Claim Now »
Unibet £30 £30 1.40 Claim Now »
NetBet £100 £50 1.60 Claim Now »
BoyleSports £10 £20 2.00 Claim Now »
Smarkets £10 £10 1.01 Claim Now »
betway £100 £100 1.75 Claim Now »
Paddy Power £10 £30 2.00 Claim Now »
Betfair £20 £20 1.20 Claim Now »
Come on £10 £10 1.50 Claim Now »
888sport £10 £NA 1.01 Claim Now »
BETDAQ £100 £25 2.00 Claim Now »
bwin £20 £20 1.70 Claim Now »
Betfred £10 £30 2.00 Claim Now »
bet365 £200 £200 1.50 Claim Now »
Stan James £10 £20 1.80 Claim Now »
bet-at-home £40 £20 1.70 Claim Now »
10Bet £400 £200 1.60 Claim Now »
Genting Bet £10 £10 2.00 Claim Now »
Betsafe £10 £20 1.80 Claim Now »
32Red £10 NA 2.00 Claim Now »
12BET £50 £50 2.00 Claim Now »
Betstars £10 £30 1.50 Claim Now »
BetBright £100 £50 1.66 Claim Now »
21Bet £10 £10 2.00 Claim Now »
XTiP £100 £100 1.50 Claim Now »
TonyBet £200 £100 1.60 Claim Now »
Winner £200 £200 2.00 Claim Now »
Redbet £100 £50 2.00 Claim Now »
138.com £25 £25 2.00 Claim Now »
Fun88 £50 £50 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 »
Marathonbet £80 £20 1.80 Claim Now »

Click for even more free bets »

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

Need help? Got a question?

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

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

Leave a comment



2,162 Responses to “Make money from Matched Betting (full guide)”

  1. Amy

    22. Jan, 2017

    Hi

    The current Skybet offer is a free £10.00 bet with no deposit needed. I have registered and this has already been applied to my account. However reading the T&Cs they state that this free bet is ‘non-withdrawable’. Does this mean I will not be able to withdraw any winnings from this bet into my bank accounts?

    Apologies if that is a silly question

    Many thanks

    Reply
    • Rick

      23. Jan, 2017

      Hi Amy, it means you cannot withdraw the credited free bet for a cash equivalent. You can of course withdraw the winnings from the free bet.

      Reply
  2. daniel

    19. Jan, 2017

    hi im very new to this and about to start please can someone tell me how the second lot of the steps work i understand the whole bet a back and lay one will make money one will lose so u kind of walk out with small lose due to the usage of 2 sites but thats to gain the free bet so how do you then bet for example £20 (free bet) surely you have to add £20 to the 2nd site and how does that come out with a profit ? sorry if this is confusing

    Reply
    • Jake Butler

      19. Jan, 2017

      Hi Daniel, once yo unlock the free bet you match another bet (similar to the first bit) but you are playing with “free” money which means you can take your profit once the bet has settled. We always recommend that you read the guide multiple times if you’re struggling to get the hang of it as we wouldn’t want you to make a mistake.

      Reply
  3. Ben Hyland

    17. Jan, 2017

    my £20 free bet through coral, and backed for a draw,
    on oddsmatcher is stated the lay is 4.4 gone onto betfair and and staked 13.99 which was requested however it states my liability is like £68 is this right i am really confused , i have £22 in my account but saying i have insuffient funds.

    Reply
    • Jake Butler

      17. Jan, 2017

      Hi Ben, you will need £68 in your account to cover your liability if the bet loses on Betfair. However, this will be covered as you’ll have won on Coral.

      Reply
  4. Aaron

    16. Jan, 2017

    Betfair confuses me, I placed a lay bet on Burnley to draw tomorrow and it came up with 2 bets in my betslip, the one I placed and another one which was “unmatched”, I saw on this page that I should cancel the unmatched one so I did and I now have £14.28 in my account, am I at any risk of losing money here? I followed it step by step

    Reply
    • Rick

      17. Jan, 2017

      Hi Aaron, if you followed the instructions and placed a lay bet of the stake advised then you can either wait and hope the bet matches (depending on how far away the event is) or you can cancel the unmatched bet and place it again, please see the FAQs above about this.

      Reply
      • Aaron

        17. Jan, 2017

        I ended up cancelling the unmatched bet and re-placing it, thank you

        Reply
  5. Johan

    15. Jan, 2017

    What happens when the match ends in a draw, do you lose both bets?

    Reply
    • Jake Butler

      16. Jan, 2017

      No. Remember you are betting for and against an outcome happening. The back bet is for X winning. The lay bet covers if X don’t win (which obviously includes a draw).

      Reply
  6. Paul W

    15. Jan, 2017

    Hi, I have been using this site for a while now and find it useful but have a question which I cant see covered elsewhere.

    I recently got 4x free £5 bets on Boylesport and decided on the first one to not bother laying it. I ended up turning the £5 (SNR) into £9.50 without laying so would I now be in a position to place the £9.50 as a back bet and lay it off as a Stake Returned bet on the basis that I am not longer playing with bonus (SNR) money?

    Reply
    • Rick

      16. Jan, 2017

      Yes you can but there’s no need as you should be able to withdraw the money from boylesports.

      Reply
      • Paul

        16. Jan, 2017

        Rick, thanks. It was more the fact that I could actually make more money from it by doing this. I wondered whether the subsequent bet would need to be SNR or SR but I think you have just answered that. Thanks.

        Reply
        • Rick

          16. Jan, 2017

          If you were to do that I would suggest using the qualifying bet calculator so you can see how much you’d lose from matching it.

          You should be making money from matching each of the £5 the free bets.

          Reply
  7. Sam

    11. Jan, 2017

    Just checked T&Cs on some of the free bet offers and they state that the qualifying bet and free bet is not eligible for cash out, so how will this scheme work with such T&Cs? I expect all will be the same if I check a few more

    Reply
    • Rick

      12. Jan, 2017

      The cash out option allows customers to cancel a bet with the bookies if need be. No need to worry about this as it has nothing to do with matched betting and you will still be able to withdraw your money 🙂

      Reply
  8. David

    31. Dec, 2016

    Hi,

    In trying to place my free bet on Coral, it is saying that I have only four £5 bets, rather than a £20 free bet? Is there anyway in which I can change this?

    Reply
    • Jake Butler

      03. Jan, 2017

      Hi David, you should be able to bet all 4 £5 bets on the same event making it the equivalent to a £20 bet.

      Reply
  9. steve

    21. Dec, 2016

    for ladbrookes £50 qualifying bet in the oddmatcher its recommending i back using odds of 1.5 and 1.56.

    reading the term on ladbrookes it says bet net to be over 2 to qualify….is odd matcher incorrect ?

    i realise i can choose the other bets but wondering why oddmatcher would show it .

    Reply
    • Owen Burek

      21. Dec, 2016

      The terms state min odds of 1/2 which in decimal is 1.50. If you see any different please share the URL.

      Reply
  10. Jacob

    17. Dec, 2016

    Little confused with the whole “rollover” requirement. So on winner for example where its 8x deposit and bonus = £3200, does this mean that i should use the qualifying calculator again and again until i roll through 3200? Can i just do the entire £3200 bet in one or do i have to do it in 8 separate bets? or is it different depending on the betting site

    Reply
    • Rick

      19. Dec, 2016

      No there will be a cap on the amount the will contribute towards the wagering per bet, please through the terms to learn about this.

      Reply
  11. El

    16. Dec, 2016

    Hi,

    So I registered with coral, deposited £5 then placed that on a match as recommended by the calculator at the time.

    Then I received an email saying they reviewed by account and blocked any offers from them because it was against the terms and conditions.

    Is there anything I can do about this? Is there a way to get my £5 bet back? Thanks

    Reply
    • Jake Butler

      16. Dec, 2016

      Did you contact customer service to find out why it was against the T&Cs?

      Reply
  12. ryan

    23. Nov, 2016

    To qualify for Ladbrokes free bet you must bet at odds of 1/2 or greater, not 1/1.5. The program above needs editing.

    Just found out the hard way.

    Still, good website.

    Reply
    • Rick

      23. Nov, 2016

      Not sure I understand, the table says minimum odds are 2.00, where did you see 1/1.5?

      Reply
  13. Jason

    19. Nov, 2016

    Hi I’m confused about wagering requirements for example bet365 deposit 200 get 200 wager 6x =2400 do I have to wager 400 each bet til the bet fair lay bet wins

    Reply
    • Rick

      22. Nov, 2016

      The wagering requirements are 3x the deposit and bonus (or 6x the bonus). You need to keep betting until either all the money has moved to Betfair or you’ve bet through £1,200 with bet365 (whichever comes first)

      Reply
  14. Gemma

    11. Nov, 2016

    Hi there

    So I started this Match Betting and got my free bet on Ladbrokes, I put the whole £20 free bet on a match for Serbia to win and it said my potential returns would be £20.50 and lay the bet on Betfair for £1.20 Liability.
    The Ladbroke bet one won but I only got the 50p.
    Very confused by this. if any could give advice on why this happened I could be grateful.
    Many thanks
    Gemma

    Reply
    • Rick

      14. Nov, 2016

      Hi Gemma, this is because the stake isn’t returned on the free bet winnings. To get the maximum value from this, we suggest that you pick a selection with high odds (ideally above 4).

      Reply
  15. TR

    02. Nov, 2016

    Hi, I can see the red and blue lay/back bits on betfair when i look to place the bet. Does this not show on mobile?

    Reply
    • Rick

      03. Nov, 2016

      Yes it should do – make sure you’re using Betfair Exchange and not Betfair Sportsbook 🙂

      Reply
  16. Ollie

    31. Oct, 2016

    I understand the concept, and it works for free bets. But how can you guarantee profit whilst meeting the turnover requirements. Surely, by the end of it you will keep reducing your profit?

    Reply
    • Rick

      01. Nov, 2016

      The idea is to look for tight matches so you profit isn’t removed by that much during the rollover process. You can subscribe to our mailing list for more information about this 🙂

      Reply
  17. Daniel

    31. Oct, 2016

    Iv done The Man U Vs Barcelona with the coral free £20 bet.

    i have used 4 free £5 bets on Man U to draw on the coral website.

    On betfair i have liability of £38.84 but it says my potential profit is only £13.87.

    Is this correct?

    Reply
    • Jake Butler

      31. Oct, 2016

      Yes, that’s correct. The profit will always be lower than the free bet amount and the amount you get in profit at the end is usually around the 70-75% mark (although can differ a bit depending on odds).

      Reply
  18. Jo

    25. Oct, 2016

    Hi, I went through all the steps mentioned above but haven’t been given the free bet. Do you know why?

    Reply
    • Rick

      26. Oct, 2016

      Which offer was this? Note that some bookies can take up to 72 hours after the qualifying bet has settled to credit the free bet.

      Reply
      • Jo

        26. Oct, 2016

        It was the coral one you outlined above. The bet was put on on Thursday and the match was saturday

        Reply
        • Rick

          26. Oct, 2016

          Not sure what’s happened there, I would ask live chat about this.

          Reply
  19. Nick Birch

    21. Oct, 2016

    Hope you can help. I am a first year student staying on campus and would like to start matched betting. I understand I will need a separate bank account, but what would I use as proof of my address?

    Reply
    • Rick

      24. Oct, 2016

      A drivers licence or a utility / bank statement to your registered address should be fine 🙂

      Reply
  20. Jay

    21. Oct, 2016

    With the Netbet offer, if you get the £50 bonus right away, does that mean you can jump right to the second step and make a £150 bet where £50 is SNR? Or does the bonus only kick in later?

    Reply
    • Rick

      24. Oct, 2016

      You will receive the bonus after you’ve deposited and bet through £100. Note that it’s a cash (stake returned) bonus, so I would use the qualifying bet calculator as normal.

      Reply
  21. Mark

    15. Oct, 2016

    I’m working on a spreadsheet to collate all bets and want to incorporate a bet calculator. For the qualifier bet my ‘lay stake’ calculation [backbetstake]x[backodds]÷[layodds]-[commission] matches your value. However when I use it to work out the lay stake on a free bet it doesn’t. Can you help please?

    Reply
    • Rick

      17. Oct, 2016

      The calculation is different when working out the lay stake for a free bet. The stake isn’t included.

      Reply
  22. Jade

    12. Oct, 2016

    Hey Rick,

    Thanks very much for this guide, I made £200 in the first month 🙂

    I also check on topcashback for any cash bonus before signing up.

    Is there a downloadable version of the calculator at all?

    Going forward, is there any particular oddsmatcher software that you would recommend?

    It’s not something that I’m clever enough to do, but have you considered making automated betting software?
    Even without a free bet, if you can get a bet on quickly before the odds change, and you place enough bets, there’s a heap of cash to be made surely?

    Thanks again

    Jade

    Reply
    • Rick

      12. Oct, 2016

      Hey Jade, if you sign up to the mailing list (above the free bet table) you’ll find information on the tools you’re looking for.

      Reply
  23. onyi

    11. Oct, 2016

    Please how do I bet on a bonus with 6x wagering requirement?

    Reply
  24. David

    10. Oct, 2016

    What if my bet gets unmatched on betfair ? is it best to just go with what the bookies offer in terms of laybet odds and not adjust them

    Reply
    • Rick

      11. Oct, 2016

      Please refer to our FAQs on unmatched bets.

      Reply
  25. David

    09. Oct, 2016

    When looking at your recommended games the odds aren’t the same on website u got any tip of how advanced to choose good odds ?

    Reply
    • Rick

      10. Oct, 2016

      The odds should be the same for the bookmakers we have listings for, which one are you referring to?

      Reply
  26. David

    07. Oct, 2016

    Ive been doing it for 3 weeks, and have made over £100 – not bad, as i only started with £50. There have been some teething problems – i didnt type in the code for Ladbrokes, and so missed out on the £50 free bets! But i grasped how to do it quite quickly and it definitely works.

    This comment is awaiting moderation.

    Reply
  27. David

    04. Oct, 2016

    My only question is how do you calculate how much you need to bet on the lay bet in order to balance the free bet ?

    Reply
  28. Ryan

    25. Sep, 2016

    Hi, I understand how to profit is calculated if the exchange (betfair) wins like in your example.

    4.87 (bet) – 5% (commission) = 4.6265 (profit)
    then
    4.6265-5 (loss from coral)= -37p

    But how would you calculate the outcome if the bet from coral won and not the one from betfair?

    Thanks

    Reply
    • Rick

      26. Sep, 2016

      Assuming you’re talking about the qualifying bet here:

      It would be £6.25 (profit from Coral) – £6.62 (loss from Betfair; the ‘liability’) = -37p.

      Reply
  29. Liam

    25. Sep, 2016

    Hi

    Thanks for the guide, just made my first £20 profit!

    I have just signed up to smarkets as advised when betting with paddy power and have earned a £10 free bet.
    Do you have any advise on how to use this bet best?

    Cheers

    Reply
    • Liam

      26. Sep, 2016

      Ah cool thats even better then – although I have yet to lose a bet on that site yet

      Thanks for the tip

      Reply
    • Rick

      26. Sep, 2016

      With Smarkets it’s not a ‘free bet’ per se, you’ll just get credited £10 after you’ve made £10 worth of losses after your first deposit. It will go straight your real balance and it should be withdrawable once you get it.

      Reply
  30. tealeaves

    22. Sep, 2016

    I did my first £50 bet with ladbrokes and then bet on Leeds v Blackburn with betfair (lay) and ladbrokes free £50 (back) and Ladbrokes suspended my bet. I lost the bet with betfair so am down. Why did Ladbrokes suspend my bet? I’ve just started matched betting so surely they wouldn’t be banning me already? Has this happened to anyone else? 🙁 not a good start.

    Reply
    • Rick

      22. Sep, 2016

      Is your free bet with Ladbrokes shown on your bet history? (My Account > Account History > Sports bet history)

      I would make a note of the bet receipt number and contact customer support about this.

      Reply
  31. Dave

    16. Sep, 2016

    I have got my free bet from WIlliam Hill but it is in 2x£10 free bets. I cannot bet both bets on the same bet? So what do I do with the leftover £10 free bet?

    Reply
    • Ray

      16. Sep, 2016

      You should be able to place both on the same thing and then lay your bet at the exchange as if it was £30. Otherwise maybe you could back two different things at £10 each and then lay each one separately.

      Reply
      • Rick

        19. Sep, 2016

        Yes just place both bets on the same selection on William Hill so that it’ll work out like as if it were a £20 free bet.

        Reply
  32. Jack

    15. Sep, 2016

    Sorry, another question.

    I have about £900 in 10Bet, which includes a bonus of £200.

    I’ve used the calculator, and it says that if I bet this on odds of 5.2(back)/5.7(lay), I would make over £750 – is this correct? It seems like an easy way to make a decent amount of money, albeit I’ll need to cover the liability on Smarkets. Or am I missing something?

    Thanks very much for your help! 🙂

    Reply
    • Rick

      19. Sep, 2016

      No, as some of the £900 would be your own money.

      I suggest using the qualifying bet calculator to work out the lay stake, betting £100 at a time as this is the maximum amount that will go towards the wagering requirements per bet.

      It’s important to keep your losses low per match, so it may be an idea to bet on something with lower odds to keep these losses low.

      Reply
  33. JoshyT

    15. Sep, 2016

    I’m a little bit unsure about the Lost Bet Refund deals, such as 188 bet.

    For my first initial bet, should I be placing a lay bet? Or should I just bet normally, and THEN if that bet loses place a lay bet while using the free bet??

    Reply
    • Rick

      15. Sep, 2016

      Yes for every bet you place with a bookmaker you should also be placing a lay bet on the exchange.

      You find out the lay stake for the qualifying (initial) bet using the lost bet refund calculator, NOT the qualifying bet calculator. If the bet loses then you’ll receive a free bet, you should lay this off as well using the free bet calculator (make sure it’s marked as ‘stake not returned’).

      Reply
  34. Luke

    14. Sep, 2016

    Hey!

    One question regarding some of the offers. What does it mean when it states that you have to multiply your money before you can withdraw it? What happens if your bets with the bookie happen to lose? Sorry if I’m missing something really obvious.

    Thanks in advance

    Reply
    • Rick

      15. Sep, 2016

      Hi 🙂

      I think you’re talking about rollover requirements here that are sometimes a part of the signup offers. It’s essentially the total staked value of bets that need to be made before you’re allowed to withdraw any bonus funds received through promotions – regardless of the outcome of the bet(s).

      For example, if you’re asked to roll through your deposit and bonus three times (say) then that means your rollover requirement is 3 x (deposit + bonus).

      Reply
  35. jake

    10. Sep, 2016

    i tried qualifying for the coral free bet but didn’t receive it. the customer service live chat said that this was because:

    ‘The bet should be Win or Each way and you placed your bet to Match Result.
    I suggest you to place a bet again to Win or Each way for you to get the offer.’

    could you possibly explain this in layman terms please?

    Reply
    • Rick

      12. Sep, 2016

      That’s strange, it looks as though your bet must have been on horse racing (this is what win and each way is referring to). I would send an email to customer support and ask again why the bet didn’t qualify for the free bet as part of the sign-up offer.

      Reply
  36. Jack

    10. Sep, 2016

    Maybe I’m really confused here but how come the lay odds for a certain team are not the same as the back odds for the opposing team? For instance, Man U v Man C – on Smarkets it’s 13 to back Man U winning, but to bet they’ll lose, the odds are even higher at 13.5? And conversely, the odds for and against Man C are also equal, albeit low. To my mind, the lay odds of Man U should be about the same as the back odds for Man C? But I can either choose to bet against Man U winning at very high odds or back them at low odds. Sorry if I’m being dumb.

    Reply
    • Rick

      12. Sep, 2016

      The first thing to note is that if you are placing a lay bet for Man Utd to win then this means your bet will payout if Man Utd don’t win (i.e. if Man City win or if the match ends in a draw).

      Placing a lay bet on Man Utd to win is not the same as placing a back bet for Man City to win, as the match could end in a draw.

      When you place a lay bet you are essentially acting like the bookmaker, so it’s expected that the lay odds to be higher than the back odds for the same selection.

      Reply
  37. Sam

    05. Sep, 2016

    I registered with William Hill and have completed my initial and free bet. They then sent me a Free Bet worth £5 and if I bet £10 I would get a matched bet of £10.

    I don’t really understand how best to go about the numbers to get the best out of the deal.

    Reply
    • Rick

      06. Sep, 2016

      Use the manual calculator to see the lay stake needed to match your £5 free bet (free bet – stake not returned).

      For the second bit I think they’re offering a £10 free bet if you bet £10. So initially you’d bet £10 as normal, laying off on the exchange (again use the manual calculator ‘qualifying bet’ to see the lay stake) and then you should be credited a £10 free bet which you can match as explained at the beginning).

      Should be around £10 profit from this. 🙂

      Reply
  38. Swapan

    05. Sep, 2016

    I am asking this for the second time. My first comment did not show up. So there: Can a person living in India take advantage of these free bets?

    Reply
    • Rick

      05. Sep, 2016

      If you’re not from the UK then unfortunately all I can advise is that you research the gambling laws in your country and see which bookmakers / exchanges will accept registrations.

      Reply
  39. Jo

    04. Sep, 2016

    I am pretty disappointed because not living in UK I cannot register to most of the bookies’ websites. Do you have a list of bookies who accept members from wider range of other countries?

    Reply
    • Rick

      05. Sep, 2016

      If you’re not from the UK then unfortunately all I can advise is that you research the gambling laws in your country and see which bookmakers / exchanges will accept registrations.

      Reply
  40. Daz

    01. Sep, 2016

    Thanks Rick, I saw my error just after I sent the email (Slaps head – D’Oh) not to worry though I luckily made a 3p profit on my cash out! Every cloud. I went on to win a profit of just over £10 from Coral and am onto my next bookie now. Thanks again

    Reply
    • Rick

      02. Sep, 2016

      Glad to hear 🙂

      Reply
  41. Daz

    31. Aug, 2016

    I have my reservations about this due to non-returned stake bets, can you please help? Basically, I placed my qualifying bets with Betfair and Coral as per the instructions above to obtain my Coral free £20 bets which worked out fine – only made a loss of 30p. But, when I went to place a £5 free bet with Coral on a particular result happening it said my estimated return on a 2.1 odds bet would be 5.05 (not 10.10) meaning they don’t give me the free bet stake back in my return. Therefore if I placed a £5(ish) bet with Betfair to lay this result happening I would only gain 5p if the bet won, meaning I gain nothing… To offset this do I need to reduce my bet amount with Betfair in order to make profit? Or, do I pick outsiders every time? Otherwise the whole thing is completely flawed isn’t it?

    Reply
    • Rick

      31. Aug, 2016

      Your lay bet in that case should be closer to around £3, it’s vital you use the free bet calculator to find out how much you should be laying off on Betfair.

      I would just click on the yellow ‘cashout’ icon (providing the loss isn’t horrendous) and place the lay bet again using the correct stake.

      Reply
  42. Dav

    28. Aug, 2016

    With Smarkets, does the Back betting option perform as a normal bookmaker would?

    I was just looking at a tennis match which had the odds of 2.9 to back Player A at the bookmaker, and at Smarkets the odds to back Player B were 1.54, which gives a profit of qualifying £26.09 as an ARB.

    Surely that’s not right is it?

    Reply
    • Rick

      31. Aug, 2016

      Yes but you’d still get 2% commission taken out of profits (as with all bets you’d place with Smarkets).

      Sounds about right actually – in order to arb you’d need to back and lay the same player.

      Reply
  43. Jack

    27. Aug, 2016

    LeoVegas is running a different promo now,
    deposit £10, make £5 bet x2 and each bet if it wins will get a %100 boost.

    BetOnBrazil is no longer running that promo.

    Reply
    • Rick

      31. Aug, 2016

      Thanks for letting us know, have updated the signup offer table. 🙂

      Reply
  44. Temi

    26. Aug, 2016

    Hello Rick,

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

    Reply
    • Danny

      29. Aug, 2016

      Coral cashed out my money today from yesterday, but it says it can take 2-5 working days depending on your bank. I had planned to wait until the weekend to do my next bets on another site but was able to do them tonight on William Hill.

      In short – you can use your own money or just wait until Coral send you your winnings.

      Reply
    • Rick

      26. Aug, 2016

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

      Reply
  45. John

    24. Aug, 2016

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

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

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

    Reply
    • Rick

      25. Aug, 2016

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

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

      Reply
  46. Bwuffy

    24. Aug, 2016

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

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

    Reply
    • Rick

      25. Aug, 2016

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

      Reply
  47. matthew bailey

    19. Aug, 2016

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

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

    Reply
    • Rick

      19. Aug, 2016

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

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

      Reply
  48. vivek

    19. Aug, 2016

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

    Reply
    • Rick

      19. Aug, 2016

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

      Reply
  49. ben

    18. Aug, 2016

    hi,

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

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

    Is there any way to extract the 50 bonus?

    Reply
    • Rick

      18. Aug, 2016

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

      Reply
  50. Conor

    17. Aug, 2016

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

    Reply
    • Rick

      18. Aug, 2016

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

      Reply
      • Conor

        23. Aug, 2016

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

        Reply
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