Make money from Matched Betting (full guide)

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

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

Why should I trust this guide?

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

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

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

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

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

Article in the Guardian on matched betting

Piece by The Guardian on making money from free bets

Positive comments

One of many comments on this page by other readers

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

What is Matched Betting?

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

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

Matched Betting Header

How does it work?

Firstly, you don't need to know all the betting terminology if you follow the steps below, but it's important that you know two types of bet which allow matched betting to work:

A 'back' bet

Betting for a certain outcome to come true. Eg. "I bet England will win" is a backing bet. If it comes true, you win the bet and the winnings. If England lose or draw, you lose your stake. You can place a back bet at any bookmaker, such as Paddy Power, William Hill, Ladbrokes etc.

A 'lay' bet

Betting against a certain outcome to come true. Eg. "I bet England will not win" is a lay bet. If they lose or draw, you win the bet. You can only place a lay bet at a betting exchange such as Betfair.

Matched betting works by cancelling out the risk on the 'back' bet at the online bookies by betting against yourself at the same odds (know as 'laying' a bet) which you can do at a betting exchange. In other words, you are 'matching' your bet.

smiley_faceFollowing your first or 'qualifying' bet, you will then be awarded the free bet by the bookmaker. This is where the profit is made. Quite simply, you repeat the process: bet using the free bet and then lay the bet. Whatever the result you are guaranteed to make a profit (which I'll be demonstrating below).

How much profit can I make?

For each matched bet, you will be left with up to 95% of the free bet amount as profit. This is because betting exchanges usually charge a commission of 5% on winnings. You may also make a very small loss on the qualifying bet due to the minor difference in odds on each website. This is normal, and you will recoup this when you use the free bet.

poundsign_shakyIn the steps below I'll show you how to profit from a £20 free bet using a real life example. Replicate the same steps across the hundreds of free bet offers each year and you can quickly be looking at £1,000s. Personally I have made just over £1,200 in 18 months from matched betting alone.

And it's worth pointing out, earnings from the gambling industry are currently tax-free.

What's the risk?

question_markAnyone can learn how to do matched betting and, in theory, there is no risk involved because you are covering yourself by betting for and against the same event.

However the risk comes when mistakes are made so, once again, you need to double-check everything and follow the steps exactly. On rare occasions free bets do not always come through right away, so just be patient.

Once you've understood the process and been successful by following the steps below, you can then continue matched betting at many other online bookies with free bet offers (see my table at end) which can quite quickly land you a lot of money without risk.

It's also worth knowing that depositing at gambling websites does not affect your credit rating.

Your First Profit in 7 steps

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

  1. Sign up for Betfair.com

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

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

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

    Register on Betfair.com

  2. Sign up for PaddyPower.com

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

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

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

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

    Register on PaddyPower.com

  3. Use decimal odds

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

    Choose Decimal Odds

    Found bottom of left sidebar

  4. Find & place your qualifying bet

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

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

    Betfair Exchange

    For this free bet offer, PaddyPower's terms state you must pick odds of 1.5 or greater. It's better to choose a bet with low odds for this step, between 1.5 and 3.0 if possible.

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

    My example

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

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

    Choosing the odds

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

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

    Matched Bet Betslips

    Automatcher tool (Qualifying bet)

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

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

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

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

    Get bonus tips & notifications

  5. Claim your free bet

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

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

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

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

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

  6. Find & place a new bet

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

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

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

    My example

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

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

    Choosing the odds again

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

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

    betting slips using free bet

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

    Automatcher tool (Free bet)

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

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

  7. Cash out the profit

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

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

    My matched betting profit

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

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

Please share with your friends!

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


More Free Bets

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

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

Subscribe for new free bets

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

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

 

Current free bet total: £533

BookieDepositFree betMin. oddsClaim offer
William Hill£10£201.20Claim Now »
Sky Bet£5£202.00Claim Now »
Ladbrokes£100£1001.50Claim Now »
Coral£5£251.50Claim Now »
Betfred£25£252.00Claim Now »
WinnerSports£5£202.00Claim Now »
TitanBet£25£252.00Claim Now »
888sport£10*£882.00Claim Now »
188Bet£50£501.50Claim Now »
Tote sport£5£102.00Claim Now »
Betway£50£501.75Claim Now »
BetAtHome£30£151.70Claim Now »
Betfair Sportsbook (not exchange)£50£501.20Claim Now »
Paddy Power£5£201.50Claim Now »

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

Need help? Got a question?

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

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

Leave a comment



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

  1. Javier

    30. Oct, 2014

    Hello Jake
    Is it possible to skip the first step and act like if you already have the free bet to make the profit?
    Thanks

    Reply
    • Jake Butler

      30. Oct, 2014

      No, because you need to use the free bet to make profit.

      Reply
  2. Lewis

    30. Oct, 2014

    Hi Jake.

    I am attempting to do this in Australia. A bookmaker is offering a $750 deposit match, the terms state that you must role over the deposit and any of the free bet winnings once at odds of 1.5 or more before withdrawing. In this instance you don’t need to place a qualifying bet to get the bonus, it is automatically granted upon deposit but as stated no withdrawal can be made until the winnings generated from the bonus and the entire deposit have been rolled over.

    How should I approach this? Also, none of the free bet stake is returned.

    Thanks,

    Lewis

    Reply
    • Jake Butler

      30. Oct, 2014

      Hi Lewis, cheers for checking out the guide.

      If they give you the $750 bonus straight away (with no qualifying needed) then you can head straight to the free bet part of the tool to play with the $750.

      After that you should use the qualifying part of the tool to turnover the free bet winnings + deposit.

      As always I would go over the T&Cs thoroughly as this is a lot of money.

      Reply
  3. Mike

    29. Oct, 2014

    Hi Jake,
    so I managed to place the initial bets.. but I didn’t receive the free £20 bet from Paddypower. It has been more than 24h. Am I doing something wrong, or is there some error on their site? Should I contact them (as mentioned in the article)?

    Thanks for help.

    Reply
    • Jake Butler

      29. Oct, 2014

      Hi Mike, the reason you haven’t received the free bet could be for a number of reasons. Have you fully checked the T&Cs? I would suggest getting in touch with Paddy Power about it.

      Reply
      • Mike

        30. Oct, 2014

        Regarding to their website, they want me to deposit £10 to receive the £20 (4x £5).. but in your guide, it’s only 5.
        http://s29.postimg.org/w4iesft3r/Untitled.jpg

        So I am guessing they must have changed the terms or something..
        Anyway, I am going to write them a mail and let you know.

        What about other guys? Did you get the free bet just with a £5 initial deposit?

        Reply
        • Jake Butler

          30. Oct, 2014

          Hi Mike did you follow our link to Paddy Power as it’s a special offer? Still working as £5 for £20 for us.

          Reply
          • Mike

            31. Oct, 2014

            Ah, my bad. I didn’t register with the sts link. I think it wouldn’t be very good if I cancel my account and then register again via this link…
            I can still try the other sites hopefully.

          • Jake Butler

            01. Nov, 2014

            Hi Mike, unfortunately you can only register once so you wouldn’t be able to do that anyway.

  4. Debbie Adamson

    28. Oct, 2014

    Hello Jake – so far so good :) I have a simple question – can you place your free bet BEFORE the result of your qualifying bet is known? Or do you have to wait to know the outcome? I can see my free bet showing up at Ladbrokes, but my qualifying bet match isn’t till Friday night and therefore shows as ‘open’. I just have this horrible fear of the free bet expiring or something. Thanks.

    Reply
    • Jake Butler

      28. Oct, 2014

      Hi Debbie, I would suggest waiting until the first bet has settles just in case.

      Reply
      • Shiv

        29. Oct, 2014

        Hi Jake, what would be the problem with doing this exactly?

        Reply
        • Jake Butler

          29. Oct, 2014

          Some sites will void the free bet if you don’t allow your qualifying bet to settle first. If you’re unsure I’d check the T&Cs of each site but we recommend letting it settle first just to be safe.

          Reply
  5. Simon

    24. Oct, 2014

    Hi Jake,
    Thanks for all the info on this, I was just wondering if Money Back Specials for paddy power would work too. They say they will refund losing first goalscorer bets and a few more as a free bet if chelsea beat man utd. Could I theoretically lay a bet on chelsea to win on betfair and then place a first goalscorer bet. It seems an easier way to get the free bets up to £20.

    Reply
    • Jake Butler

      26. Oct, 2014

      Hi Simon, unfortunately making profit from this kind of bet is tricky and effectively there is a risk involved.

      Obviously you could back and lay Chelsea to win and would lose a small amount of money. Then, as Chelsea didn’t win, you would have lost the money on the other bets too.

      Reply
  6. Steve Young

    23. Oct, 2014

    Hi Jake, I´d need some help. I just used the automatcher and it suggested the match between Inter and Cesena (bet 1.66 for both PaddyPower and BetFair). I found the bet on PaddyPower but I wasn´t able to find the right bet on BetFair. In your instructions you say that one should lay odds using the red boxes on Betfair but the trouble is that I didn´t find any red boxes. I´m attaching a link so that it might be easier for you to see what might have gone wrong.

    Reply
    • Jake Butler

      23. Oct, 2014

      Hi Steve, are you in the exchange part of the site as explained in the guide?

      Reply
      • Steve Young

        24. Oct, 2014

        Oops! Now I´ve fixed it. My fault. I was in the sportsbook part.
        Thanks anyway Jake!

        Reply
  7. Miles

    23. Oct, 2014

    Hi Jake, thanks for the guide made about £100 so far, now moving onto the advanced section.
    Since having to search for odds myself iv played around with the odds for the free bet. I found that using the calculator, it appears that finding games where the back odds are greater than the lay odds seems to be a way of making far more profit. EG back odds 4.5 and lay odds 3 would make you £56.36 from a £50 free bet, whereas if both odds are 4.5 its only £37.35 profit.
    Having calculated both outcomes (back or lay bet winning) i cant see a flaw in choosing matches where the odds dont match up. I understand why the closest odds are better in the qualifying bet but it seems the opposite using the free bet. Im wondering if iv missed something which is why you recommend using free bets on games which are closer (EG 4.5 and 4.5) odds?
    Thanks, Miles.

    Reply
    • Miles

      23. Oct, 2014

      Having searched further i think iv answered my own question – cant find any games where the back odds are greater than the lay odds.

      Reply
      • Jake Butler

        23. Oct, 2014

        Hi Miles, you’re right. It’s extremely rare to spot the odds this way round bu if you do then definitely go for it. If you want to look into it a little bit more it’s actually called “arbitrage betting”.

        Reply
  8. Simon

    22. Oct, 2014

    Hi,

    Great site.

    I’ve not taken the plunge yet, as I want to make sure I fully understand the procedure first.

    When you say “you can’t register multiple accounts” am I right in assuming you mean with the ‘same’ bet site, not multiple ‘different’ sites at the same time?

    Cheers

    Reply
    • Jake Butler

      23. Oct, 2014

      Hi Simon, you are correct. You can only have 1 account on each site but there are loads of sites.

      Reply
  9. Mike

    21. Oct, 2014

    Hi Jake!
    I read this awesome tutorial a while ago and finally decided to try it, but I do have some problems right from the beginning…
    The matching tool’s information don’t match the ones on the site. As you can see here, the odds are different.
    I don’t get it… is there something wrong with the matching tool, or am I doing something wrong?
    http://s3.postimg.org/iarvdrz77/image.jpg
    http://s3.postimg.org/vsyrq2bcj/image.jpg

    Thanks for help.

    Reply
    • Jake Butler

      22. Oct, 2014

      Hi Mike, it looks like you have a list of the wrong “markets”. You need to be looking for Win-draw-win.

      I searched “Sevilla” in the search box and the correct odds came up: http://postimg.org/image/geb3ycwqd/

      Reply
      • Mike

        22. Oct, 2014

        Hmm, strange. Indeed that Sevilla matched showed up. But when I searched for St. Etienne v Metz, it only found matches in different markets. Is there a way perhaps, to filter just the win-draw-win market? I couldn’t find such an option.

        Anyway, thank you for the quick response.
        Really appreciate your support to all of us ‘newbies’ :)

        Reply
        • Jake Butler

          22. Oct, 2014

          I just searched “metz” and then scrolled down to “markets for Metz” then click the win-draw-win link on the right.

          Reply
          • Mike

            23. Oct, 2014

            Ok, thanks. Sorry for the late reply. I am not able to log into my account right now.. Paddypower asking for some age verification. I’ve sent them a mail with my passport already and they just sent me an sms requiring more proof. I am not sure what’s going on…

          • Jake Butler

            23. Oct, 2014

            This is fairly normal. I had to send age verification to Betfair when I did it.

  10. Alex

    21. Oct, 2014

    Hey, another question;

    On the Skybet one, when I go on the website, it offers a free £20 for £5 bet, I want to make sure that what you say on your automatic matched better is true about the £30 before trying that one out.

    Cheers.

    Alex

    Reply
    • Jake Butler

      22. Oct, 2014

      Looks like it has changed to £20 for now. We’ve updated the tool.

      Reply
  11. Jon

    20. Oct, 2014

    Hi Jake,

    Thank you for the guide.

    I have a quick question. There are some sites like bet365 which give you matched bets up until 200£.
    Nevertheless they would let you withdraw only after betting a sum given by 3x original stake + 3x amount of the bonus (e.g. I deposit 200£, I can withdraw only if I bet 1200£).

    What I’d like to know is: if I only use the ‘qualifying bet’ system, in order to bet all the money required until I can withdraw, will I be able to be profitable?

    Many thanks in advance

    Jon

    Reply
    • Jake Butler

      20. Oct, 2014

      Hi Jon, you will still be profitable even if you have to rollover the amount multiple times. You will obviously keep digging into your profit every time you rollover (about £5-10) but there’s still a decent amount to be made.

      Reply
  12. Ryan

    19. Oct, 2014

    Hi Jake,
    I love the guide made about £250 so far.
    I’m just wondering is there a way that I could maximise a offer that BetFred are doing, if a televised game finishes 1 – 1, you get up to £50 as a free bet? (Only if your bet loses) I have been trying to work a way round this. Thought you could help.

    Reply
    • Jake Butler

      20. Oct, 2014

      Hi Ryan, unfortunately making profit from this kind of bet is tricky and effectively there is a risk involved.

      Obviously you could back and lay a 1-1 to minimise your losses but you’d be relying on the 1-1 coming through otherwise you’d start losing money.

      Reply
  13. rick

    19. Oct, 2014

    Hi Jake,what’s the password to unprotect the workbook.

    Reply
    • Jake Butler

      20. Oct, 2014

      Hi Rick, you shouldn’t need the password as the workbook still functions.

      Reply
      • rick

        20. Oct, 2014

        Hi Jake, yes it works fine. I just want to work out liabilities if I change the layers stake.

        Reply
        • Jake Butler

          20. Oct, 2014

          Hi Rick, if you do that it will no longer be a matched bet and you will in fact be risking some of your money. The equation works out the layers stake so that you lose the minimum amount possible when matching the bets.

          Reply
          • rick

            20. Oct, 2014

            Hi Jake, I realise that but i have been willing to lay the away team and just cover my bet with the free bet. Its a gamble but has payed off so far.

          • Jake Butler

            20. Oct, 2014

            Ok. We really don’t condone using this method to gamble as the intention is that it’s 100% risk free. However, I hope it works out for you.

  14. Alex

    19. Oct, 2014

    Hey there – following the automated system that you made, I encountered a couple of issues/questions;

    1) William Hill offers 2x £10 bets, not a £20 bet, so I had to make two separate bets, meaning that my predicted outcome dropped to £80 not £100, which could be problematic, I’m not sure if you took this into account or not.

    2) I don’t understand how you can back a ‘draw’ when it’s Backing and Laying.

    Was hoping you could clear these up, otherwise, cheers, great stuff man. :)

    Reply
    • Jake Butler

      20. Oct, 2014

      Hi Alex,

      1) you should be able to bet both £10 on the same event to minimise the losses. Either way you still make a profit.

      2) You are backing and laying an “outcome”. So you choose an outcome such as win, lose, draw, goals scored etc. Then you be that this outcome will happen and then lay it that it won’t.

      For example you can back a draw and then lay it.

      Reply
  15. Toby

    17. Oct, 2014

    PaddyPower minimum bet is £10 in order to qualify for the free bets, so how does that affect the lay bet? Please help

    Reply
    • Jake Butler

      20. Oct, 2014

      If you use the tool we always make sure you bet the full £10 in order to unlock the free bet. The lay bet will change with the different odds.

      Reply
  16. Jamie

    17. Oct, 2014

    Hi, once you have used all the free bets would it be possible to make a profit using your own money?

    Reply
    • Jake Butler

      20. Oct, 2014

      Unfortunately not. You just have to wait to see if you can find any other free bets.

      Reply
  17. Dean

    17. Oct, 2014

    Hi Jake, I’m confused with Betfreds give away, the double odds then, the free matched bet up to £25. so essentially these two qualifying bets here or does the second bet of £25 of your own money get matched on that same bet by a further £25 to produce the total bet of £50? please help!

    Reply
    • Jake Butler

      20. Oct, 2014

      Hi Dean, the matched bet is just another way of saying you’ll get a free bet equal to the value of your first one.

      Reply
  18. David

    16. Oct, 2014

    Hello! Great guide, I’ve made well over £100 already.
    I’m looking at the betfred offer. You have to place a £10 bet first, for which you receive double odds. How would that work? Just lay the bet at the standard odds and hope for the win in betfred for a profit, if not, a small loss before moving onto the free bet?

    Reply
    • Jake Butler

      17. Oct, 2014

      Hi David, that’s right. Match the original odds rather than the doubled ones and cross your fingers for a Betfred win. If it doesn’t win on Betfred there’s no need to worry though as you’ll have your free bet for some profit.

      Reply
  19. Lenny

    16. Oct, 2014

    Hi there.I just cant understand ,how from 1.61 x5 you made it 8.08.Should be 8.05???

    Reply
    • Jake Butler

      17. Oct, 2014

      Hi Lenny, this is because the odds are rounded down to 1 decimal. If you have 1.616 it is £8.08.

      Reply
  20. tim

    14. Oct, 2014

    Would it be better if you bet on a sport where they only have winners and losers and no draws. Such as nhl or nba?

    Reply
    • Jake Butler

      15. Oct, 2014

      No, because you are backing and laying a specific outcome and not a game! So if you bet on a win you also lay the win!

      Reply
  21. Edwin

    14. Oct, 2014

    Thanks for guidances!! I got a question here, my betfair account has been suspended due to I have type in few times of my bank account password and it was still wrong. Now how can I do for that or perhaps close the account first and open a new one? Thanks

    Reply
    • Jake Butler

      15. Oct, 2014

      I’d suggest getting in touch with Betfair via email/phone as they may be able to assist you in unlocking your account.

      Reply
  22. Alison

    13. Oct, 2014

    Hi! Thanks for all the tips. I think I’ve either missed something or am being really dumb though because I’m a bit confused. I get the first part, up to unlocking the free bet. However, say the back bet (which is the free bet) wins – if you cannot withdraw the money from the free bet, only the profit, how does that cover the amount of your own money which you placed (and lost) on the lay bet? e.g. If you win £13 from your £20 free bet winning, wouldn’t you still make an overall loss if you had bet £14 against that outcome on the other site? Thanks and sorry I’ve probably missed something here!

    Reply
    • Jake Butler

      14. Oct, 2014

      Hi Alison, I can guarantee that if you follow the steps in the guide you will make a profit.

      You would never win £13 on a £20 free bet as you have to bet over a certain odds. I’ll use a quick example…

      If you bet on odds of 3.0 with your £20 free bet and layed on odds of 3.0 and then won on the bookies you’d have £40 in the bookies.

      Using the automatcher your liability on Betfair (the amount you lose) would have been around £27.

      Therefore if you take your winnings £40 – the liability £27 you get a profit of… £13

      Reply
  23. Mike

    13. Oct, 2014

    Hi Jake,
    Great guide!
    I got one question! I have registered in paddy power already! My housemate also wants to sign in there! Do you think this will be a problem because we are living on the same address? He will use different laptop! Now I am a bit scared about this that from paddy power may closed or restricted my account! I heard that they are checking names, bank cards, DOB, IP addresses! In my house we are living 8 people! What will happend if everyone wants to sign in??

    Ps: Also we are using one general Internet provider!

    Thanks in advance!

    Reply
    • Jake Butler

      13. Oct, 2014

      Hi Mike, unfortunately I think that it’s only 1 free bet per address with Paddy Power. I would suggest contacting them though to see what they say.

      Reply
  24. James

    12. Oct, 2014

    Tried it with Paddy power but they said I have to bet at least £10 on something with odds greater than 1/2. What exactly does that mean in decimal (and which is greater/less in decimal?)

    Thanks

    Reply
    • Jake Butler

      12. Oct, 2014

      Hi James, did you use a game from the automatcher? All of the ones that we select for you are over 1/2. This is equal to decimal odds over 1.5.

      Reply
  25. chin

    11. Oct, 2014

    Is this only in win draw win ? Can i do it at Correct Score or etc ….? Thanks

    Reply
    • Jake Butler

      12. Oct, 2014

      Matched betting is backing and laying the same event so you can do it on any event/outcome.

      Reply
  26. Jamie

    10. Oct, 2014

    Hey! Probably a really really stupid question. But once I’ve made the £5 bet and it’s all set. Do I then move straight on to step 2 the free bet?

    Reply
    • Jake Butler

      12. Oct, 2014

      Yes. Wait for the qualifying bet to settle and then us the free bet that you’ve unlocked. It’s all explained in the automatcher tool.

      Reply
  27. sarah

    10. Oct, 2014

    The automatcher for £100 offer Ladbrokes has changed, I wanted to place a bet on Coventry but now its not showing that match which is confusing, my bet also came up as unmatched is which Ive now matched to £100 free bet total. The automatcher is confusing when this happens!

    Reply
    • Jake Butler

      14. Oct, 2014

      Hi Sarah, did you refresh between placing bets? We always recommend betting on the matched as soon as you see them in the automatcher to avoid them disappearing. Please see the FAQs on unmatched bets.

      Reply
  28. Tim

    09. Oct, 2014

    I would have to disagree that the bookies don’t have a problem with it. Signup offers are fine but if you keep hitting them for bonus offers only,they will eventually limit your stakes or ban your account.

    Reply
    • Jake Butler

      10. Oct, 2014

      We’ve been fine so far. Feel free to give matched betting a miss though if you don’t fancy making some money ;)

      Reply
      • Tim

        10. Oct, 2014

        I’ve already cleaned up most of the bookies out there,and like yourself made quite a good wedge out of it. But if you keep going back hitting the enhanced odds and money back specials on bookies,you will get restricted eventually.

        Reply
        • Jake Butler

          10. Oct, 2014

          Personally, I’ve been using bonuses etc for around 3 years and have never had a problem. They could suspend my account at some point but it’s nothing lost in my opinion. Although you’re right that it’s something to watch out for when you are repeating the system on certain sites.

          Reply
  29. toby

    08. Oct, 2014

    Hi jake, the only thing I didn’t understand was the second deposit (of around £58 I think) into the betfair account, how come this is necessary?

    Reply
    • Jake Butler

      09. Oct, 2014

      It’s needed to cover the liability amount. This is what you lose if the best loses on Betfair. But you’ll win in the bookies = your profit.

      Reply
  30. sarah

    08. Oct, 2014

    Hi, I have a free £5 bet, if I used this on an event with much higher odds, say 10 and above this would make more profit? would you recommend doing this with most matched bets?

    Reply
    • Jake Butler

      10. Oct, 2014

      Hi Sarah, you can only realistically expect to get back around 70% of the free bet amount (no matter how high you go with the odds). I’d suggest focusing on finding odds that are as close as possible as opposed to higher ones. There’s advice on that above and the tool shows you which kind of odds you should be after.

      Reply
  31. chia

    06. Oct, 2014

    Hi there, I have a friend (he is a Malaysian who is studying in the UK) who has shown this guide to me to ask for my help. So could I help my friend to do this using her identity information? (Btw I am Malaysian too and currently living at Malaysia)
    If that is possible, could I do it for myself too?( I have studied in the UK before, currently taking a gap year at Malaysia and will be starting my course at the UK again next year)

    Reply
    • Jake Butler

      07. Oct, 2014

      Hi Chia, technically it’s fraud to use someone’s information to carry out betting but it’s up to you. If you wanted to carry out the process in Malaysia you’d have to track down the betting sites yourself as these sites are UK only.

      Reply
      • chia

        07. Oct, 2014

        Thanks for your reply! Is it still a fraud if he has given me the permission to do that?

        Reply
        • chia

          07. Oct, 2014

          I am sorry to bother you again, is the info contained in this link true? http://www.williamhill.com/promotions-popup/generic-f25-help-page-en/

          ” When you place your first bet of £5/5€ or more we will give you a free bet of the same value up to a maximum of £25/25€ “

          Reply
          • Jake Butler

            07. Oct, 2014

            If you go through our special link you should get a £20 free bet from £10.

        • Jake Butler

          07. Oct, 2014

          I believe so but I’m not 100% sure.

          Reply
  32. Lee Mitchell

    05. Oct, 2014

    Hi There! this is a good idea… will have to read it a good few times cos I am well confused lol….. also what happens if I run out of brokers? do I only get a free bet once per broker? …so if I have gone through all the brokers with a free bet is that the end of the line for making profit?

    Thanks in advance

    Lee Mitchell

    Reply
    • Jake Butler

      06. Oct, 2014

      Hi Lee, once you have used all the sign up bets you’ll have to wait for them to offer you more free bets. We wish this was unlimited but unfortunately you can only make around £1000 with all the sign up bets.

      Reply
  33. Tommy

    05. Oct, 2014

    Hi Jake,

    I don’t really understand how the Bet-at-home offer works. Say I put £30 and get £15 free bonus, then according to the mini-guide I need to place £45 on the first bet and I will make an acceptable loss of £X. 2 scenarios:

    1) If the bet won in the bookie, I’d be down in Betfair and made a small loss. Then I need to rollover few more times.

    2) If the bet lost in the bookie, I’d be up in Betfair and also made a small loss. But then I’d lost all my money in the bookie and end up making a loss in the end, right ?

    I hope this make senses, could you please explain it ?

    Thanks in advance !

    Tommy.

    Reply
    • Jake Butler

      06. Oct, 2014

      Hi Tommy, because £15 of the £45 is a free bet you’d be winning profit off that so although it’s a small loss you’d be up over all.

      It’s only because you have to use the first part of the spreadsheet that it seems like this. If you follow the mini-guide you will make a profit.

      Reply
  34. Dan

    03. Oct, 2014

    Hey, great article! I’m already making a nice profit! Thanks! My question is though, if I’m going to keep signing up to all these online bookies will this affect my credit rating? As it is a lot of bookies to be signing up to?

    Reply
    • Jake Butler

      04. Oct, 2014

      Please check the FAQs ;)

      Reply
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