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 £23 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 £30 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 £30 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 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

    Free bet The best offer by far right now is with Paddy Power who are offering £30 free bets on new sign ups when you bet just £10 (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 £10 (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 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 Everton and West Brom. So I put "Everton v West Brom" in the search boxes on PaddyPower and Betfair, then found the "Win-Draw-Win" market on PaddyPower and "Match Odds" on Betfair.

    I will back Everton to win 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 13p 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 £16.16 ended up on my PaddyPower account. Meanwhile I lost the £6.23 (my "Liability") on my Betfair account. The total amount between the accounts is therefore £9.93, which is a loss of 7p (marginally less than the 13p estimate, due to some tiny differences we don't have to worry about).

    Now I have placed and seen through the £10 qualifying bet, I now have a £30 free bet!

    This gives me a total credit of £46.16 in PaddyPower, but I'm only going to use the £30 free bet and will withdraw the rest later. My Betfair account is down to £3.77 (my initial deposit of £10 – £6.23) 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 £10 back between the 2 websites (minus the small loss we expected).

    The free bet of £30 will be credited to your PaddyPower account.

  6. Find & place a new bet

    We're basically going to repeat the process in step 4, but using the £30 free bet instead of the £10.

    Update: If you receive 3 x £10 free bets, simply place 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 £3.77 remaining from the first bet, so I deposited £94 to more than cover my calculated Liability (total £97.77).

    Here are my bet slips on both websites for my free bet (I actually placed 3 of the same bet on PaddyPower since they split my £30 free bet into 3 x £10 bets):

    betting slips using free bet

    The automatcher below calculated that I'll make a clear profit of £23.51, 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 £30 free bet on PaddyPower (because I backed Algeria to win) and the winnings of the matched bet totalling £24.74 ended up in Betfair. Once you deduct Betfair's 5% commission on winnings I'm left with £23.51 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 £16.16 in my PaddyPower account and £121.28 in Betfair. I withdrew the balances on both accounts back onto my debit card.

    My total profit from both matched bets, accounting for all factors such as the 7p loss on my £10 qualifying bet, totals £23.44. I spent just under 30 minutes on the whole process, giving me an hourly rate of £46.88 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: £1295

BookieDepositFree betMin. oddsClaim offer
William Hill £10 £20 2.00 Claim Now »
Ladbrokes £50 £50 2.00 Claim Now »
Coral £5 £20 2.00 Claim Now »
Sky Bet £5 £20 2.00 Claim Now »
betway £30 £30 1.75 Claim Now »
Unibet £20 £20 1.40 Claim Now »
bet-at-home £40 £20 1.70 Claim Now »
188bet £50 £50 1.75 Claim Now »
NetBet £100 £50 1.60 Claim Now »
Tote Sport £25 £25 1.01 Claim Now »
Titanbet £25 £25 1.80 Claim Now »
Paddy Power £10 £30 2.00 Claim Now »
BoyleSports £10 £5 2.00 Claim Now »
Stan James £10 £20 1.80 Claim Now »
Betfair £10 £30 1.20 Claim Now »
888sport £10 £NA 1.01 Claim Now »
BETDAQ £100 £25 2.00 Claim Now »
Betfred £10 £30 2.00 Claim Now »
bet365 £200 £200 1.50 Claim Now »
Smarkets £10 £10 1.01 Claim Now »
Marathonbet £60 £20 1.80 Claim Now »
10Bet £400 £200 1.60 Claim Now »
Betsafe £50 £25 1.80 Claim Now »
32Red £10 £10 2.00 Claim Now »
12BET £50 £50 2.00 Claim Now »
BetVictor £25 £25 2.00 Claim Now »
BetBright £30 £30 2.00 Claim Now »
Winner £200 £200 2.00 Claim Now »
bwin £30 £30 1.70 Claim Now »
Sportingbet £10 £25 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



1,680 Responses to “Make money from Matched Betting (full guide)”

  1. Rob

    04. Feb, 2016

    Hi,
    If you win on the free bet and loss your bet fair money aren’t you technically only breaking even as the free bet winnings cannot be withdrawn?
    Thanks.

    Reply
  2. Mathias

    03. Feb, 2016

    Hi there,

    I’m struggling to get my head around this concept, having read through it twice. This is probably because I’ve never bet a penny in my life!!
    This might sound like a really stupid question, but I’d rather ask it before I go spending any of my hard earned pennies….

    If I just follow your two calculators above (Back / Lay), obviously for the same match on each website… am I guaranteed to come out on top?

    I’ll keep reading through your guide again and again, and hopefully understand it more, but I just wanted to know as I’m struggling to grasp it at the moment!

    Reply
    • Rick

      04. Feb, 2016

      Yes this is 100% risk-free and if you follow the instructions from our guide correctly you can be sure to make profit here. :)

      Reply
      • Mathias

        04. Feb, 2016

        Thanks Rick, I feel I definitely need to do some more reading of your guide first though!
        Fingers crossed :)

        Reply
  3. KK

    02. Feb, 2016

    It would seem that dealing with sites that offer lost bet refund as a free bet instead of straight up cash (eg BetBright) you should manually calculate using the lost bet refund calculator estimating that amount returned will be about 60-70% of the lost bet refund (not the full amount) as that’s roughly what you’ll end up with once you roll the free bet through in case your initial bet loses.

    Reply
    • Rick

      02. Feb, 2016

      True but you’ll only need to do that when you’re getting a free bet refunded (as opposed to cash). But yes as you said the refund amount to type in the calculator should be around 60% of the quoted free bet for ones like Betbright.

      Reply
  4. Luke

    01. Feb, 2016

    I’ve placed my first bet and the lay bet which will make a loss and i already have my free bets. Do I need to wait until the result comes in to use them or can I place the bets now? Thanks you.

    Reply
    • Rick

      02. Feb, 2016

      Up to you.

      Reply
      • Luke

        02. Feb, 2016

        But ive worked it out and with the money im betting i will be losing money. Because if I lose my lay bet, i lose my liability and if you win the free bets you dont get them in your profit anyway. So if the paddy power bet wins I will lose money. Can someone please explain how it makes money

        Reply
        • Rick

          03. Feb, 2016

          The total loss you make from your initial bet should be exactly the same regardless of whether your lay bets wins or if the PP bet wins.

          It should also be relatively small – around 50p or so. Please make sure you’re using our calculator correctly to ensure your first (qualifying) bet is matched.

          The value is in the free bet, because now there’s potential money on offer. This is what we want to squeeze out and where you’ll be profiting – from PP alone you should be up over £20 after completing this process.

          Reply
          • Rick

            03. Feb, 2016

            OK so your qualifying bet was staked at £10 with PP @ 3.3 and laid on Betfair @ 3.3 which would give you a loss of 35p (assuming you laid off £10.15 like you said). Don’t worry about that as we’ll be profiting in the next bit.

            If you use your three free bets from PP together on the same market (and assuming lay odds are still 3.3) you should be placing a lay bet of £21.23 that will lock in a fixed profit regardless of what happens – so a £48.83 liability on Betfair.

            Anyway we can see here that if your bet wins with PP you should profit £69 with them (remember the stake’s not included in the free bets) but lose £48.83 on the exchange. Which means in total you should profit £20.17.

            If your bet doesn’t win with PP you should win £20.17 on the exchange and lose nothing with PP as you’d be using your free bets. Which means you should profit in total £20.17.

            But remember you would had to lose 35p when placing and matching our qualifying bet and so in total you should be profiting £19.82 at the end of all this.

          • LukeLuke

            03. Feb, 2016

            I think im getting it, if the lay bet loses do you get your stake back in your bet fair account or do you lose that as well?

          • Luke

            03. Feb, 2016

            According to your matchmaker it is around 50p but if i add up all the money i put in to the two bets and then the money i will make it comes out as a £10.5 loss.

            Ill go through my bets.

            The first bet I made was £10 bet with odds of 3.3 which I layed at 3.3 with £10.15 stake and £23.35 liability.

            This unlocked my 3x free bets which i put all on the same game off 3.3. I then layed this with £21.814 stake and £71.97 liability. If i win the PP bet i will get £41×3 winnings but im guessing i take £30 off that as the free bets stake? This leaves me with £93.

            If my bet wins at betfair then i will get £93.74. But my outgoings over both bets are 21.81+71.97+10+10.15+23.35= 137.28

            If i win thats £33 winnings from the first bet plus £93 = £126 which equals £11.28 loss.

            Where am i going wrong and im sure its me mis calculating but please can you help as im a little worried.

            Many thanks,

  5. David

    01. Feb, 2016

    I’ve just discovered your page and am starting to get my head around it. But, before I start placing real money, one dumb question.
    Don’t quite follow the calculations for the Algeria example. If Algeria lose, and you lose your 30.00 with the win bet but win on the lay with 24.74 @ 4.9, why is your profit only 23.51

    Reply
    • Rick

      01. Feb, 2016

      Because Betfair charge 5% commission on all profits (i.e. winning bets) made on the exchange.

      Reply
  6. J

    31. Jan, 2016

    If I’m following your bet refund guides correctly, it appears the calculations reduce the lay stake by 25%. Should the bet at the bookmakers win, you make a profit and are able to withdraw immediately. This is the ideal situation.

    Should the bet at the exchange win, you make a loss of 25% but you have the refund bet to offset that. However, the refund bet must be wagered (according to T&Cs), it can’t simply be withdrawn; I imagine this means that the refund bet must be layed against on an exchange then? This would further encroach on overall profit, but still make it profitable nonetheless.

    Reply
    • Rick

      01. Feb, 2016

      Yup sometimes there are turnover requirements that need to be satisfied before you can withdraw any money – don’t worry you can just treat these as risk-free bets (lost bet refunded) with the stake included and roll through the necessary amount. But yes, if your bets keep winning with the bookmaker then this could affect your total profit marginally.

      Reply
  7. J

    31. Jan, 2016

    I was just looking through the terms and conditions of Totepool/Totesport, it appears they’ve changed their offer as of 27/1/16, it is now a bet refund rather than a free bet.

    If I’m correct, you may want to modify your webpage for Totepool to reflect this, so it is the he same format as Unibet and Betbright.

    If I’m incorrect and the original offer is still available, please ignore me.

    Reply
    • Rick

      01. Feb, 2016

      Thanks for letting us know – the table above should be updated. :)

      Reply
  8. Sarah

    30. Jan, 2016

    Hi,

    Firstly thank you so much for this guide!
    I have a question – I placed my first bet on totesport and then checked the terms and it says I only get my free bet back if I lose my qualifying bet which I ended up winning. Does this mean I won’t get my free bet and to just withdraw with the small loss? Also on the guide for totesport it didn’t mention this so don’t know if it’s a term that that recent lying changed?

    Reply
    • Rick

      01. Feb, 2016

      This is known as a risk-free bet (we also like to call it lost bet refund) where you’ll only get your free bet if your qualifying bet loses. Don’t worry, this can also be matched to return a guaranteed profit by using our calculator here – http://www.savethestudent.org/matched-betting-calculator?bookieid=rfb

      But yes, if your qualifying bet did end up winning then unfortunately you won’t be able to get your free bet.

      Reply
  9. pete

    29. Jan, 2016

    there are sites advertising info on reloads for a fee. are they accessing info u don’t have? and have u heard of ‘arbs’ bets. thanks for your time. pete

    Reply
    • Rick

      01. Feb, 2016

      We know there are also other promotions/enhanced odds that can be taken advantage of – but you really don’t need to pay. Sign up to our mailing list (above) to hear about these for free.

      Reply
  10. Iain

    29. Jan, 2016

    Hi Rick,
    Many thanks for this brilliant guide. At the moment I’ve cycled through 13 (unlucky for some!) bookies and profited nicely from their opening offers and some reload offers. Currently £330 profit from a potential £415 free bets. I just need the courage now to try the more complicated rollover wager stuff to extract the rest out of your list. Glad to see the list has recently extended as I was beginning to slow up, but now plenty to be getting on with!
    Thanks again and keep up the great work

    Reply
    • Rick

      01. Feb, 2016

      Thanks Iain – glad you’ve enjoyed it and good to see you doing well. :)

      Reply
  11. Mike

    28. Jan, 2016

    Hi you ask how am I doing. Well great to start with but drying up now made a few mistakes but understand a lot more I have 9bookis so far made a profit of 363 so far need more free bets. Ha mike

    Reply
    • Rick

      01. Feb, 2016

      Glad to see you’ve made a decent profit already :). If you sign up to our mailing list (see above) we can email you more free bets and existing customer promos.

      Reply
  12. Ashton

    27. Jan, 2016

    Hi there! for one of the brokers, I have to roll over my bonus or something and this means I have to wager another 280 pounds. Is there a calculator for this to use? I don’t want to lose money.

    Reply
  13. Mike

    27. Jan, 2016

    Hi,

    I am slightly confused!!

    There are only so many bookies in which you can sign up for with 1 account… So after I have registered to all the bookies how do you continue to make money off free bets??

    Mike

    Reply
    • Rick

      27. Jan, 2016

      Join our mailing list above the table and we’ll send you reload offers that are available to existing bookie customers. :)

      Reply
  14. Ashton

    27. Jan, 2016

    Why can’t I profit on my Qualifying bet? Can’t I just use the Freebet calculator for my qualifying bet and profit?

    Reply
    • Rick

      27. Jan, 2016

      For the qualifying bet, you’ll be using your own money to bet for and against something in order to get a free bet.

      The value is in the free bet, because now there’s potential money on offer. This is what we want to squeeze out and where you’ll be profiting.

      Reply
  15. joe

    26. Jan, 2016

    Great article!

    Im confused about how to match rollover bets though.

    I bet £200 on Bet365, and matched it with a qualifying bet on betfair with a liability of £183. I then won £366.67 on bet365, so ended up with 566.67 (including £200 bonus) on bet365, with £0 in betfair. SO i then did my free bet with a liabiity bet of 636.55 on betfair, and a £200 bet on bet365. I won £800 which went into betfair. However i still have £366.67 in bet365, £200 being the bonus, so i can only withdraw £166.67. This therefore means that atm if i withdrew all the money i could, i would lose £52.88, instead of having a profit of £147.12 if i could withdraw the £200 bonus too. So i understand i have to match my rollover bets, but i dont understand what calculator i should use to do this, and whether i should use your qualifying bet or free bet calculator, because using your qualifying bet calculator ill end up losing about £50 off my final profit.

    SO please could you simply explain how to end up being able to withdraw all winnings including the free bet, when your free bet is locked and you have to rollover so many times. I guess put simply, how do i match rollover bets without affecting my final profit? I hope this makes sense.

    Reply
    • Rick

      27. Jan, 2016

      Hi, glad you enjoyed it. :)

      You should have received your bonus immediately after betting your £200. So when you say you won £366.67 including your bonus, am I right in thinking you won £166.67 from your bet and then your bonus was credited?

      It’s from this point onwards that you’ll have to rollover £600 with bet365 before being allowed to withdraw money (in order to receive your bonus funds). Ignore what bet365 says you can refund on your account yet as you won’t have rolled over the required amount. You’ve made a losing £200 bet already with bet365 (and won £163.55 on Betfair) – this is good, as now you’ve only got £400 left to rollover.

      Don’t worry, you’ve everything correctly so far. All you need to do is place £400 worth of bets with bet365 and match it with Betfair. You can do this as you would match any other bet – by using the “qualifying bet” part of our calculator (the first stage).

      Just to be clear, it’s normal to make a small loss after matching each bet but the aim is to make this as small as possible by trying to find as close a match as possible with the bet365 back odds and the Betfair lay odds.

      As I mentioned earlier, just bet £400 worth on bet365 with minimum odds 1.50 and you should be fine to withdraw your money – wherever it ends up.

      Hope this helps.

      Reply
      • joe

        27. Jan, 2016

        Great thanks Rick. I won 366.67 and then was credited the £200 bonus so ended up with £566.67 balance.

        Okay i shall try that. Does it make any difference in the size and amount of bets you make in terms of how much you will lose of the end result? Fort instance, is it better to to bet a small amount, say £100, but then you have to d it more often? Or is it better to just bet the whole amount once to try and rollover?

        Reply
        • Rick

          27. Jan, 2016

          Nope – however you choose to rollover the remaining amount required is entirely up to you. :)

          A lot of people find it easier to do it in one go as you only need to bet once but it’s more important you pick something where the bet365 odds and the Betfair lay odds are as close as possible.

          Reply
  16. Simon

    23. Jan, 2016

    Hi,

    Great guide, really appreciate the time put into it.

    My only confusion, in making this a consistent extra bit of cash. I’ve signed up Ladbrooks, and Coral – qualified for my free bets and the profit for both has come through for both on my Betfair account. So quids in, exactly as the guide has said.
    However, it now means I no longer have the free bets left on either bookies now… So my question is – to make this work, is it just a case of cycling through all the sites you’ve highlighted in your article to keep taking advantages of the free bets, until their used up and move onto the next site?

    Thanks again for taking the time to prepare the article. Really appreciate your work.

    Reply
    • Rick

      25. Jan, 2016

      Look at our table above to see all the sign-up offers available for new customers. There’s plenty of bookies to go through!

      Even after you’ve completed all the offers on the table, bookmakers regularly offer promotions for their existing customers – you can usually find out what these are by clicking on the ‘promotions’ tab of the bookmaker’s website. These are known as reload offers and can be taken advantage of to make money in a similar way to the sign-up offers above.

      Reply
  17. Peter

    23. Jan, 2016

    How have you made £1200 if there are so few online bookies?

    Reply
    • Rick

      25. Jan, 2016

      The £1200 quoted above is the total value of free bets available from sign-up offers alone. In practice however, you should be able to profit around £700-£900 from £1200 worth of free bets.

      Reply
  18. Ashton

    22. Jan, 2016

    Hi so sorry I found the auto matcher.. I didn’t know what it was supposed to look like. Anyway, I am told to produce identity documents to withdraw my money. Is this normal? Cos it seems like I have to continuously prove my identity for every single site I go onto

    Reply
    • Rick

      25. Jan, 2016

      To be honest this shouldn’t be happening for the main (and British) bookmakers. If you’re a British citizen and registered on the electoral roll it’s slightly unusual to be asked to verify your identity regularly (if at all).

      Reply
  19. kerry

    21. Jan, 2016

    Sorrrrryyy me again.

    Ok I have just lost that 10 bet now so they have credited me with 10.

    Now do I withdraw or place another 10 bet?

    Thankyou

    Reply
    • Rick

      21. Jan, 2016

      It’s best to withdraw the money as now you should be £10 up!

      Reply
  20. kerry

    21. Jan, 2016

    Hi Rick

    Thankyou for that but I must be being really dumb today still not sure what you mean?
    Yes I deposited 20, then I won the bet which gave me 49 balance.
    I then just placed a 10 bet waiting to finalise.
    So what do I do next if I don’t loose it please?

    Reply
  21. kerry

    21. Jan, 2016

    Hi there
    I have just placed a bet on Smarkets to release the free bet, but I won this bet. Therefore I do not get a free bet do I ??? As it states they refund your losses.
    Please can you assist me her :)

    Reply
    • Rick

      21. Jan, 2016

      Hi Kerry,

      No with Smarkets you will get your £10 refund when (not if) you’ve lost £10 from your initial £20 bonus. So keep betting (and matching obviously!) until your balance is £10, then Smarkets will top you back up to £20. (I’m assuming your initial deposit was £20 here).

      Reply
  22. Steve

    19. Jan, 2016

    Hi,
    Can you explain why higher odds give a better return on the 2nd better
    I would have thought it didn’t matter as it was matched off.
    Thanks Steve

    Reply
    • Rick

      20. Jan, 2016

      This is because your stake will not usually be returned for the free bet.

      Think about it like this: if the back odds are 2.00 and the lay odds are 2.20 then the percentage increase from 2.00 to 2.20 will be much greater than, say, 8.00 to 8.20. You want this percentage difference to be as small as possible.

      Reply
      • Steve

        20. Jan, 2016

        Thanks I’ll have to work some numbers through a spreadsheet but I can see the principle you mention Steve

        Reply
  23. Amy

    17. Jan, 2016

    Hi, thanks for this guide!
    I’ve got one query though, I’ve just used the automatcher for Coral, my qualifying bet was on swansea vs watford, and the free bet on entella vs ascoli. But the info for entella vs ascoli has just disappeared from the automatcher?
    Betfair is now telling me the bet is unmatched and ‘in-play’ and it asks if I want to cancel or keep the bet. I can’t cancel as I’ve also used the free bet on coral on this game.
    What does this all mean and what should I do?!
    Thanks!!

    Reply
    • Amy

      17. Jan, 2016

      Hi,
      the stakes for a qualifying bet on betfair aren’t the same as (what I thought) I had typed in. My first question is whether this is anything other than human error. Does the number on the betslip change or is it exactly what I typed?
      Secondly, if I typed in the wrong amount (it was too low) can I correct this by betting the remaining amount or does it not work like that?

      Thank you!

      Reply
      • Rick

        19. Jan, 2016

        Please look at our first FAQ above to see what an unmatched bet is.

        The odds shown on Betfair can sometimes fluctuate and change after you place a bet, especially if the event is taking place on the same day. When this happens, just go back to the calculator and type in the current odds so you can adjust the stake.

        If you typed in the wrong amount then (again) make sure you type in new odds shown on Betfair on the calculator so you can place a back (or lay) bet to correct the difference.

        Reply
  24. Chris

    16. Jan, 2016

    Hi guys,

    Thanks for the guide: really useful and has made me a handy £130 profit in the couple of weeks I’ve been using it!

    I’m looking at having a go at some of the larger free bets; specifically the Bet365 offer. I’ve had no difficulty using the free bets that don’t have wagering requirements, but I’m a bit apprehensive about committing to such big amounts without being 100% clear on the strategy.

    If I just wager a total of £1200 (to meet the roll over requirements), and ensure each bet is matched on Betfair, will I still make a profit? Do I just put on 3 x £400 bets on Bet365, and match them all?

    Any help/guidance would be much appreciated! Keep up the good work!

    Reply
    • Rick

      19. Jan, 2016

      You only need to deposit £200 to get the bonus and it may not always be necessary to deposit more if your balance with bet365 disappears (and so the money ends up in your Betfair account – best outcome).

      If you have winning bets with bet365 you just need to roll through £1200 before they’ll allow you to withdraw.

      But yes, if you deposit £1000 and bet all of the £1200 in your account (including the bonus they give you) then you’ll be able to withdraw the money from your bet365 account if need be. Either way, you’ll definitely make profit.

      Reply
  25. Kerry

    11. Jan, 2016

    Hi

    I have made my way through all the free betting offers thank you for such good information and support.

    I am now going to attempt arb betting with the same principle.
    Please can you tell me if your calculator will work in the same way as other sites look much more complicated.

    Kind Regards
    Kerry

    Reply
    • Jake Butler

      11. Jan, 2016

      Hi Kerry, our automatcher does not support this unfortunately as it’s frowned upon by the bookies and could lead you to becoming banned.

      Reply
  26. nicole

    11. Jan, 2016

    hello, I signed up for the Betfair £30 free bet but it excludes your deposit being used for Exchange bets. Is there anyway I could still get my free bets from the site? I know ill have to place a bet not using exchange but how do I do it without losing too much money?

    Reply
    • Nik

      15. Jan, 2016

      I did the same Nicole, they gave me a free £10 when I bet £10 on Sportsbook after asking on Chat, but I never got the whole £30. Grrr.

      Reply
    • Jake Butler

      11. Jan, 2016

      Yes, you use the free bet on the sportsbook and then lay it in the exchange. You don’t need any other free bets in Betfair to carry on matched betting.

      Reply
  27. Shar

    07. Jan, 2016

    Hi Jake,

    After my qualifying bet, who do I have to wait for the bets to settle? I mean I made a bet for a match on 9th Jan on PP. This has unlocked free bets worth 30 pounds, so do i have to wait till the outcome of the match on 9th Jan and then use my free bets to make a profit or i can just go ahead right now with my free bets and bet on another match with profit turning odds (using your automatcher, of course)?

    Reply
    • Jake Butler

      07. Jan, 2016

      Hi Shar, you can go straight ahead if you like. We suggest that you wait for a bit so that you can make sense of the calculations (minimises human error) but if you are ok to go ahead then go for it.

      Reply
  28. Zee

    05. Jan, 2016

    Hi, just like to say how awesome you are for putting this together!

    My issue is using more accounts now that I have nearly finished. Okay so say if I use my uncle to open accounts etc..

    Firstly he has the same surname as I and so this will instantly raise suspicions given my account and his account opened in a space of a month.
    Can you put down a different name? Could they check even though you have to put down the cardholders name.
    What way is there around this in other words?

    Thanks

    Reply
  29. abdu

    05. Jan, 2016

    Hi,
    Ive used my free bets in the past when I was a novice and placed a dumb bet with betfair.
    what can I do or how else can I start off match-bets since I wont get any free bets from betfair ?

    Reply
    • Jake Butler

      05. Jan, 2016

      That’s fine. You can use the free bets from the other sites and lay them using Betfair.

      Reply
  30. Steve

    03. Jan, 2016

    Hi just getting going with this and seems easy enough to follow. I am conscious that the list of uk bookies is limited and will be fairly quickly exhausted. What are your thoughts on running this through international bookies where the free bets can be 1k+ (albeit acknowledge you have to have the capacity to meet the qualifying bet)?

    Reply
    • Jake Butler

      04. Jan, 2016

      If you can find a way to back and lay these bets and it’s within the sites’ T&Cs to gamble from the UK (with a UK account or otherwise) then yes you could technically take advantage of international bets too.

      Reply
  31. Chris clark

    03. Jan, 2016

    Hi I have just played the ladbrokes 50 free bet and got a win of 225 – my original free bet giving me 175 profit. The lay bet from bet fair required a liability of 183, giving me an overall loss. Any ideas what I’m doing wrong? I have had 10 bets and very little profit due to the liability on the lay bets

    Reply
    • Jake Butler

      04. Jan, 2016

      As explained in the guide, there are 2 parts to the matched betting calculator. The Qualifying Bet part and then the Free Bet part.

      From your calculations it appears as if you have been using the Qualifying Bet part of the calculator for your free bets.

      The liability on a £50 free bet at around 4.5 odds should have been closer to £140.

      Please re-read the guide in detail for a better understanding.

      Reply
  32. Vishal

    01. Jan, 2016

    Hi,

    You are amazing !!

    I have few doubts, 1. As it says that i can witdraw my amount only if its 8 times of my deposited amount plus bonus. Can you please explain the same with example, say first amount i deposited is 10 pound?
    2. I completed this proces and i am in a profit of 23 pound, Now next game i play i will again go through the same process, So this time would i be getting free bets on PP or betfair ? If no, then how will i match and be in profit next time.

    Reply
    • Jake Butler

      04. Jan, 2016

      1. Which site mentions rolling over 8 times?

      2. Once you have completed the process with PP you then move onto another betting site like William Hill or Ladbrokes. You can only make a profit from free bets.

      Reply
  33. Novice

    28. Dec, 2015

    The terms and conditions for winner payout is to place 8 time deposit and bonus

    Reply
    • Jake Butler

      30. Dec, 2015

      Yes that’s correct! Make sure you match it each time.

      Reply
      • Paul Evans

        24. Jan, 2016

        I think you should remove winner.co.uk from this guide.
        It is a difficult site to get the money from. I lost a few hundred pounds trying to get the money from them to betfair. It all ended up in my winner.co.uk account, and I could not fullfill the crazy turnover requirements as 50% of the bets must be multiples. Then after 14 days they remove the £200 bonus and any winnings. After bouncing money back and forth to betfair many times I lost a heck of a lot in the commission etc. It was my mistake in not reading or fully understanding the T&C properly (not realising what multiples are), but still, this site is not for beginners.

        Reply
  34. Vagrant

    26. Dec, 2015

    Hello, Is anyone can you explain about the calculation that was mentioned above, if you increased the odds(Eg;more than 3 or 4) then how can you increase your profit. Because, if you lose it in Betfair then you going to compensate your lose from your winning amount?

    Reply
    • Jake Butler

      30. Dec, 2015

      The idea behind having increased odds on the free bet is in order to find closer odds a lot easier. Generally the higher you go the more likely it is to find odds that are matching.

      Reply
  35. Rafa

    18. Dec, 2015

    Hi, so once I have used up the free bets can i still continue using my own money and still gurantee that i will make money?

    So i simply punch in the numbers into your calculator.

    Thanks so much

    Reply
    • Jake Butler

      21. Dec, 2015

      No! You can only make a profit with free bets.

      Reply
  36. Alfie

    18. Dec, 2015

    Hey Owen,

    Just want to start off by saying, you are Awesome!!!

    I hope you make a tonne of money for really helping us all out.

    Please can you remove Netbet to help others avoid it?

    The customer service is absolutely shocking and mostly non existent and they cancelled my free bet for no reason.

    AVOID!!!

    Alfie

    Reply
  37. James mccann

    17. Dec, 2015

    Having completed the process and used the free bet do I then need to deregister to avoid being charged for lack of future activity.

    Reply
    • Jake Butler

      17. Dec, 2015

      You are not charged for lack of activity on the betting sites.

      Reply
  38. Peter

    15. Dec, 2015

    I placed the qualifying bet with PP and lost with a net liability of £1.20 which was not a problem. I then placed the £30 freebet on Blackburn -v- Notts Forest draw and won and laid off the bet with Betfair at £30. The odds were 3.4 with PP and 3.5 with Betfair. On the win PP paid out only £72 £24 on each £10 bet whereas the liability on Betfair came to £75 on the lay off so I was £3 out of pocket PP did not apparently return the stake on the freebet . There is obviously something wrong here. Should I be asking PP for a further £30 so that I receive a profit of £27 on the winning bet after deducting the loss for the layout cost or have I made a mistake somewhere along the line?

    Reply
    • Jake Butler

      16. Dec, 2015

      The stake of the free bets is nearly never returned so you have definitely done something wrong here.

      If you bet £30 on PP at odds of 3.4 you should have a lay stake of £20.87 and liability of £52.18 at odds of 3.5 on Betfair as the calculator would have instructed for the free bet.

      I think what you may have done is incorrectly used the qualifying bet part of the calculator instead of the free bet part of the calculator which would have lead to your error in putting in the wrong numbers.

      Luckily your loss wasn’t too bad though and can easily be recouped by doing it correctly on the next bet.

      Reply
  39. alex

    14. Dec, 2015

    just making qualifying 1st bet on paddypower, qpr v brighton tomorrow, put 10 on at paddypower, 3.30, but cannot find same at Betfair at 3.40.it says 2.90 what can I do?
    .

    Reply
    • Jake Butler

      15. Dec, 2015

      Did you look for the lay bet? Was it on a win, lose or draw?

      Reply
      • alex

        15. Dec, 2015

        i looked for lay bet, it was 2.9 on a draw.
        I worked out that 25quid would cover liability and bet on that.
        fingers crossed I did the right thing

        Reply
        • Jake Butler

          16. Dec, 2015

          If you backed the draw on the bookies and layed a draw of the same game on Betfair then you should be ok.

          Reply
  40. Darren

    12. Dec, 2015

    Great guide, but 3 rules I now live by following one big mistake;
    1. ALWAYS check your bets
    2. NEVER, EVER cashout.
    3. Don’t bet with the kids around or any other distraction.
    With one distraction I pressed ‘cash out’ without thinking. I lost £455 in one go. £250 of it was my own money.
    Stick to the system, I’ve made back £150 of my cash and intend to keep going, but will never make that mistake again!

    Reply
  41. Simon

    12. Dec, 2015

    I love this idea. It won’t make us rich bit it does make money. I’m not a gambler. I just don’t get the buzz. But I do get a buzz from making money. I’m at this four weeks. I didn’t do anything for one of those weeks and have €217 of profit.

    Unfortunately I have found that living in ireland means some opening offers are not available.

    But still there is enough out there to probably take 1500-2000 this year.

    Thanks for the guide.

    Any view on arbitrage bets?

    Reply
    • Jake Butler

      16. Dec, 2015

      That’s great news! So glad to hear you are making a good profit!

      In terms of arbing it’s frowned upon by the betting companies and could lead to your account being banned so I would be careful.

      Reply
  42. Mike W

    12. Dec, 2015

    Hello, when searching for a qualifying bet, is it possible for the calculator to show more than 5 matches?
    Only reason being the following example:

    I wish to make bets for 2 saturday games but the search only shows games on sunday and monday because they will make more profit

    any help is appreciated

    thanks

    Reply
    • Jake Butler

      16. Dec, 2015

      It only shows 5 at the moment. Patience is best if you want to find the best (closest) odds and therefore make the most profit. Don’t focus on making all the bets on the same day.

      Reply
  43. Nathan Thomas

    12. Dec, 2015

    Hi jake,
    Thanks for this brilliant article.
    I’m confused on one thing though and I apologise if you’ve covered it. A couple of the ones I’ve tried you only receive the winnings from the free bet. So if your free bet wins will you not gain any profit if you’ve matched it already or should you use your free bet as the underdog.

    Thanks again
    Nathan

    Reply
    • Jake Butler

      16. Dec, 2015

      Yes, the tactic that’s best is to go for really long odds on your back bet.

      Reply
  44. Paul Evans

    07. Dec, 2015

    I didnt qualify for the free bet on betfair when trying to unlock it along with the paddpower free bets.
    I followed the guide, used the tool. It said place £10 on paddypower and place £9.85 on
    Betfair…..I should have rounded it to £10?!
    Just thought Id mention it in case it happens to anyone else.
    Im not sure how to proceed now. Do I just repeat the “qualifying bet” procedure? Thank you.

    Reply
    • Jake Butler

      08. Dec, 2015

      Hi Paul, the free Betfair bet is for the “sportsbook” section of the site and not the “exchange”. You would have had to open a Betfair account and then bet £10 on the sportsbook and laid it on the exchange in order to unlock this free bet. Unfortunately it’s no longer possible after carrying out the Paddy Power bet.

      Reply
      • Paul

        08. Dec, 2015

        Ahh. Thanks. I found out that the “bet £10 get £30 bets free” offer last for a month or so after registration.
        I just placed a £10 bet on sportsbook, layed it on exchange. Now I have now got the £30 free bets :)

        Reply
  45. Michelle

    06. Dec, 2015

    Hi, I placed a few bets now using the various ‘easy’ betting sites and have been happy at how easy it really was. So I progressed to bigger money by using the ladbrookes £50 free bet, great! However, every time I try and withdraw money from Ladbrokes it says ‘no active payment method found’ so I can’t withdraw anything, but I used PayPal to deposit money in so don’t understand why they won’t let me withdraw it? Any ideas? Do I need to add a bank card on as well? Thanks.

    Reply
    • Jake Butler

      07. Dec, 2015

      You may need to add a bank card but I would recommend contacting them to see what they say first.

      Reply
      • Michelle

        07. Dec, 2015

        Thanks Jake, turns out Ladbrokes don’t deal with ‘third parties’ apparently which I find strange as they let you deposit with one. So had to add a new card. Thanks anyway :)

        Reply
  46. George Morehead

    06. Dec, 2015

    The only risk I can see is automatching two bets, placing one of them, and the odds suddenly changing on the second so they no longer match.

    Thinking this could burn especially if going for high odds.

    Have you ever experienced this, is it likely?

    Reply
    • Jake Butler

      07. Dec, 2015

      The odds can change but it’s unlikely unless the bet is coming up very shortly. A small fluctuation in odds will still leave you with a profit too.

      Reply
  47. jay

    06. Dec, 2015

    Hey sorry if it’s asked before
    Would it be ideal to have the long odds on bet 365 with my 400 quid and try win it through betfair so I could just pull it all out?
    Please help as I’ve lost a bit with netbet cause they pulled out a fixture after I’ve put a lay bet in betfair
    Thanks in advance

    Reply
    • Jake Butler

      07. Dec, 2015

      Yes, this would be the best way to go about it although it’s not always guaranteed to work. However, even with rolling over my bets I managed to make a profit out of Bet365.

      Reply
  48. Paul Evans

    05. Dec, 2015

    Please help.
    £10 deposit paddy power qualiyfing bet, on a draw
    £9.85 betfair lay bet on the draw
    (plus £26 liability so £34 total deposit)

    Match wasnt a draw. Lost £10 paddy
    won the lay bet in Betfair. Account only showing £9.85 won (same as my stake, nothing gained) and account total 34 (minus 5%!). I seem to have lost a tenner!

    18:50 Fixtures 04 December Ipswich v Middlesbrough / Match Odds / The Draw / Lay
    Odds 3.40 – Stake 9.85 – Won 9.85 – Account £33.85

    So in betfair I only got my stake back despite winning?

    Reply
    • Jake Butler

      07. Dec, 2015

      Yep that’s all correct and that’s the way that a lay bet works. This sounds like it was the qualifying bet part… The qualifying bet will give you a smal loss overall but you match it to minimise this. It’s the free bet part (which you will have just unlocked) that will make you the profit.

      Please read through the guide a few more times to get a better understanding before moving forward.

      Reply
      • Paul

        07. Dec, 2015

        My mistake. I didn’t lose a tenner!
        Checking online bank, I had put £10 in betfair, then another £14 to make up them liability. I mistakenly thought I had deposited £10 then an extra £24 for liabilty!
        Actually broke even and unlocked 2 x £30 free bets! Thanks

        Reply
  49. Jack

    04. Dec, 2015

    Hi Jake,

    Thanks for this amazing article! Its fantastic!

    Just a quick question from a broke student.

    I know the specific amounts change but how much roughly would you recommend that I have to be able to deposit on the sites to be able to do this process.

    Thanks,

    Jack

    Reply
    • Jake Butler

      04. Dec, 2015

      Depends which free bet you are looking at doing but you should have £300 available to start.

      Reply
  50. Sam

    01. Dec, 2015

    Hi

    Brilliant page. Thanks! I have £166 worth of free bets on paddy power courtesy of Tyson Fury! I can use them all on one match but have to bet them ten quid at a time unless there is some way to group them. As this is all new to me I wanted to check something before I go ahead and bet. Assuming i can’t group them, would it be OK to put the full £166 into your calculator, then put the required amounts in Betfair as instructed and then place 16 or 17 separate bets on Paddy Power on the same match and outcome – or would that throw the figures somehow? Please let me know, I have to use the free bets before 7th December.

    Cheers,

    Sam

    Reply
    • Jake Butler

      01. Dec, 2015

      Hi Sam, if you can use them all on the same event and are confident that they will all go through then you can lay them as a whole on Betfair.

      Reply
      • Sam

        01. Dec, 2015

        Thanks Jake, how do I do that ? Would I put down £166 on betfair or a different amount?
        Sam

        Reply
        • Jake Butler

          03. Dec, 2015

          Whatever value the automatcher gives you.

          Reply
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