Make money from Matched Betting (full guide)

Owen Burek

By in Make Money. Updated January 2015.

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

What is Matched Betting?

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

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

Matched Betting Header

How does it work?

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

A 'back' bet

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

A 'lay' bet

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

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

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

How much profit can I make?

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

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

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

What's the risk?

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

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

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

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

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

Your First Profit in 7 steps

Note: This is literally a step-by-step, hold-your-hand kind of guide. There's lots of fragmented information out there on forums etc, which can often result in costly mistakes for novices. Below I outline exactly the steps I follow, using the practical example of one 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 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 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 »
Ladbrokes£25£251.50Claim Now »
Coral£5£201.50Claim Now »
Betfred£10£302.00Claim Now »
Sky Bet£5£202.00Claim Now »
Betdaq£30£302.00Claim Now »
888sport£10*£882.00Claim Now »
188Bet£50£501.50Claim Now »
WinnerSports£5£202.00Claim Now »
Tote sport£5£102.00Claim Now »
BetAtHome£30£151.70Claim Now »
Betfair Sportsbook (not exchange)£10£301.20Claim Now »
Paddy Power£5£201.50Claim 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



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

  1. Harry Ashcroft

    29. Jan, 2015

    Hi,
    Is it possible to do this on offers such as Bet365’s where you get a £200 free bet, but you have to play through it three times?

    Reply
    • Jake Butler

      29. Jan, 2015

      Yes it is possible.

      Reply
  2. Will

    29. Jan, 2015

    I understand everything except the liability. Do you mind explaining this to me. Cheers.

    Reply
    • Jake Butler

      29. Jan, 2015

      The liability is the amount you lose if you lose on Betfair. When you lay a bet on Betfair you are essentially becoming the bookie which means you are paying out the liability to another user that betted against you.

      Reply
  3. amber naomi

    29. Jan, 2015

    Hi Jake

    See if I use my £5 qualifying bet then make the loss .. Then get a £20 free bet .. Can I use the free bet but also add my own money to it to make a higher profit ?

    Reply
    • Jake Butler

      29. Jan, 2015

      No. You can only make money out of the free bet amount with matched betting.

      Reply
  4. John

    29. Jan, 2015

    Hi Jake,

    Just a quick question. I deposited £5 to Paddy Power (so as to get the £20 free when I place my first bet) and £10 into Betfair ( so as to get £30 free bets after one £10 bet). Would you advise betting £10 on paddy power for the first bet instead of £5 to make sure I get the £30 free from betfair?

    Thanks

    John

    Reply
    • Jake Butler

      29. Jan, 2015

      Hi John, the free bet on Betfair is for the “sportsbook” section. If you want that you will have to bet that £10 in the “sportsbook” section on Betfair and lay it in the “exchange” section of Betfair.

      After you’ve done that you can move onto the Paddy Power bet.

      Reply
  5. Ads

    29. Jan, 2015

    Thanks Jake, can you sign up for and take advantage of any foreign site free bet offers once you have exhausted the UK ones please?

    Reply
    • Jake Butler

      29. Jan, 2015

      Only if you move to that country…

      Reply
  6. Kelly

    29. Jan, 2015

    Hi Jake, so I understand that after I make my back bet I need to find a lay bet with similar odds (or use the program to save my time)
    But I can also manually change my lay bet odds in betfair!? For example, I’ll back Hull to win Ipswich at 1.6 and then I find lay bet in betfair at 1.8 and change it to 1.6. How about that? Or am I missing something? (because I am new at betting exchange)

    And also, thanks for the site. Thats great job you did here!

    Reply
    • Jake Butler

      29. Jan, 2015

      Hi Kelly, if you change the odds on Betfair there is a likelihood that your bet won’t be matched which would leave you out of pocket.

      Reply
  7. Leighton

    28. Jan, 2015

    Can you keep matched betting going once you have used up all the free bet offers?

    Reply
    • Jake Butler

      28. Jan, 2015

      Only if you are offered more free bets.

      Reply
  8. Luke Wild

    28. Jan, 2015

    Hi Jake,

    I was just wondering why you do not match the bet on Betfair, the tool always tells you too put a slightly different amount instead ?
    Thanks

    Reply
    • Jake Butler

      28. Jan, 2015

      Because of the difference in odds.

      Reply
  9. stephen hic

    28. Jan, 2015

    hi, i just got a free bet from winner bookmaker of €20. i backed sivasspor at 2.87 with my €20 free bet and im only going to get €37.50 return. where as at betfair i layed sivasspor at 3.20 with €18.22 stake with liability of €40.08. if my back bet win i will lose €2.58. but if the lay bet win i will get €18.22-(5%) profit, I’m very confused please help.

    Reply
    • Jake Butler

      28. Jan, 2015

      I just used the tool and did the calculations myself. The lay stake you put in should have been £11.87 which makes the liability £26.11.

      What you did incorrect was that you didn’t make sure that the stake not returned was filled…

      You need to make sure you fully understand the process.

      Reply
      • stephen hic

        29. Jan, 2015

        Thanks i understand now, i wasn’t forfeiting the stake not returned in the calculations.

        Reply
  10. jason

    27. Jan, 2015

    What are you suppose to do on the free bets only given if you loose? You would have to keep on betting on both until it looses….not an guaranteed profit in that case?

    Reply
    • Jake Butler

      28. Jan, 2015

      Yer, we tend to steer clear of those.

      Reply
  11. Leighton

    27. Jan, 2015

    I tried getting this started using the paddy power free bet but have had to use betdaq instead of betfair for laying bets but found the odds are sometimes slightly higher on there how do I work out the right amount to lay in those cases

    Reply
    • Jake Butler

      28. Jan, 2015

      Use the advanced version of the tool. You can do this by using the dropdown in the automatcher.

      Reply
  12. Andy M

    27. Jan, 2015

    Hi Jake,

    I haven’t tried it yet but after thoroughly reading the guide it is quite obvious how simple it is to make money. Thanks for the guide.

    Andy M

    Reply
  13. HarryK

    26. Jan, 2015

    Hi Jake,
    I just signed up for coral, you say their free bet is £20, however i got a £25 free bet, and was wondering whether this changes anything? (like the amount i enter under ‘backers stake’ on betfair)
    Many Thanks, Harry

    Reply
    • Jake Butler

      28. Jan, 2015

      If you have a £25 free bet this does make a difference. I would suggest using the automatcher to find the closest odds and then click on the cog in the top right of the automatcher. You’ll be able to change the free bet amount to £25.

      Reply
      • Alana

        29. Jan, 2015

        Hi Jake,
        Top write up and fingers crossed I can follow your instructions and make some money for my upcoming holiday!
        I have a question about the Coral free bet of 25. I read your reply post when Harry asked but don’t quite understand how you change the free bet to 25. When I use the settings drop down in the automatcher I can only add a stake and odds? not change the free bet?
        Thank you

        Reply
        • Jake Butler

          29. Jan, 2015

          Hi Alana, the stake is the free bet so you put that as £25. Make sure you are using the free bet section of the tool though as you want the stake not returned to be £25 too.

          Reply
  14. Douglas

    26. Jan, 2015

    Hi Jake, thanks very much for your help. Please my question is on the automatcher, let’s say team A vs B is playing and on the automatcher it ask you to select DRAW on team A as back bet then lay bet against that same team. Now after the match team A wins. This means I lost on both sides because on back bet I selected DRAW by the automatcher which did not come true because team A won and lay bet did not come true too. Please can you explain this for me.
    My second question is after I have used my free bet on lets say PaddyPower and withdraw my money what should I do to my account, should I close it whiles moving on to another free bet or just leave. Please can you explain this for me and I want to know what you do whether you close the account and later open a new one at the same betting site. Thanks.

    Reply
    • Jake Butler

      28. Jan, 2015

      Hi Douglas, you need to understand what a back and lay means. You back (bet on) a draw occurring on the betting site and then lay a draw on the exchange (in other words you are betting on a draw not happening). If team A wins it means that a draw has NOT occurred so you win the lay bet…

      Once you have taken out your money you can do what you want with your account. I left my open just in case any more free bet offers came through.

      Reply
  15. Matt Banks

    25. Jan, 2015

    Hi, great guide and I am very interested. I seem to have wasted my first attempt at this as my loss limit in betfair was too low for me to lay Brighton today after I had alright used my freebet to back them. What do you tend to set your loss limit as in betfair exchange?

    Reply
    • Jake Butler

      28. Jan, 2015

      Hi Matt, I would just set it as high as you can.

      Reply
  16. KMc

    25. Jan, 2015

    Hi Jake,

    I thought I really understood this until I realised I’ve put £46 into my bet fair account already .. does it take a while to break even with this?

    Put £5 into Paddy Power and £10 into BetFair to qualify for my free bet from Paddy Power.

    using £20 free bet from Paddy Power I had to put £32 into my BetFair account

    another £5 free bet from Paddy Power and I had to put another £5 into my BetFair account.

    surely £46 in to get potentially £12.46 isn’t worthwhile or am I missing something?

    Reply
    • Jake Butler

      28. Jan, 2015

      Hi Kathleen, you are missing something. You need to treat both the qualifying bet and free bet as separate. The first bet is simply used to unlock the free bet.

      If you put £46 into Betfair and lost it (assuming you followed the instructions) you would have won a total of around £60 on Paddy Power…

      Reply
  17. Kevin

    23. Jan, 2015

    Hello Jake. Thank you for the guide. Almost everything was crystal clear. I just had one simple question.

    We are all talking about “free bets”. What if I risked my own money after getting the profit from the free bets?
    Is it legal to play in exactly only these two sites and keep working with this system?
    Ex. I signed up in both sites. Did what you said and got the profit. Can I keep doing that if I put 20 GBP on each account and played on with that money?

    Reply
    • Jake Butler

      28. Jan, 2015

      You can only make a profit with free bets. If you use your own money you’ll just be losing small amounts every time.

      Reply
  18. Rachel

    23. Jan, 2015

    For the 188 Bet qualifying bet do I need to repeat step one 5 times? From reading the guide I am unsure as to whether I am meant to do step one once to unlock the free bet or whether I am meant to repeat it 4 more times. I have done it once and no free bet has materialised so I am guessing that I need to repeat it? Thanks :)

    Reply
    • Jake Butler

      28. Jan, 2015

      Hi Rachel, as mentioned in the 188 mini guide “The free bet from 188 Bet requires you to wager your deposit 5 times before you can get your £50 free bet”.

      Reply
  19. Ian

    23. Jan, 2015

    Hi Jake, what happens if you have already got an account with most bookmakers? Surely you cannot repeat this process forever. Thanks

    Reply
    • Jake Butler

      28. Jan, 2015

      That’s correct. The only downside to matched betting is that it has a limit.

      Reply
  20. Josh

    23. Jan, 2015

    Jake, got 2 quick questions.
    Do you use BetFair as the ‘lay’ bet all the time?
    How do you get the £30 free bet off BetFair when you are matching the Paddy bet of £5 and the BetFair site requires you to bet £10 to qualify for the free bet?

    Reply
    • Jake Butler

      28. Jan, 2015

      I do use Betfair all of the time as it has the best odds.

      To get the free bet you’ll have to use the Betfair “sportsbook” and lay it in the “exchange” section of the site. After you’ve done that you can move onto Paddy Power.

      Reply
  21. Amir

    23. Jan, 2015

    Hi Jake,

    Having got my head around this I want to ask you two questions.

    1) To speed up the process, is it possible to sign up to multiple bookies at the same time (using betfair as constant) and place multiple bets. As you know it takes a few days for the matches and a few days more to withdraw.

    2) Is there a difference between bonus bagging and match betting?

    Thanks for your help.

    Amir.

    Reply
    • Jake Butler

      28. Jan, 2015

      Hi Amir,

      You can do multiple bets at once to speed up the process. Just make sure you don’t get any confused.

      Bonus bagging is the same.

      Reply
  22. George

    23. Jan, 2015

    Slight problem trying to work out how much I can be losing on my qualifying bet

    -I just made a bet on Paddy Power for £5 for team (a) to win with odds @ 2.04 = return of £10.20 or loss of £5

    -Then I placed my £4.48 Lay bet with Betfair on team (a) to lose/draw with odds at 2.10 = return of £4.48 or liability of £5.48

    so all together ive bet £10.48

    It said on the auto matcher tool i will lose 28p or so on this bet, but we are looking to make money from the free bet with is understandable.

    Now I work it out as:

    -if i get a payout by Paddy power i win £10.20 yet lose £5.48 from Betfair – leaving £10.20 in Paddy Power account and £0 in Betfair

    -On the other hand if i get a pay out by Betfair i win £4.48 yet lose £5 from Paddy Power- leaving £4.48 in Betfair account and £0 in paddy power.

    To some it up, If I originally put £10.48 between both accounts to cover both bets and i win with Paddy power then YES i only lose 28p (£10.48 bet – £10.20 won = 28p loss)
    but if i win the Lay bet with Betfair then i lose £5 (£10.48 bet – 5.48 win =£5

    Its all quite long winded but im sure these calcs are right, if not could someone pleases explain how no matter what way it goes i only lose a minimal amount.

    Thanks

    Reply
    • Jake Butler

      28. Jan, 2015

      Your winnings on Betfair would be the liability + the lay bet amount (£5.48 + £4.48) = £9.96

      With the £10 loss from Paddy Power and the 5% taken by Betfair this makes the small loss = 28p or so.

      Please read the guide again if you are confused.

      Reply
  23. Cj

    23. Jan, 2015

    Hi,

    Would this still work if I built up my winnings with the free bets and then use my winnings to continue rather than waiting for more free bets?

    For example, I would use my profits and the automatcher tool to place a ‘free bet’ and still return a £14 profit? (Having trouble getting across what I mean via text)

    Reply
    • Jake Butler

      28. Jan, 2015

      You can only make money with the free bets. If you use your own money (winnings) you will just lose little amounts each time.

      Reply
  24. emma

    22. Jan, 2015

    so are you using your own money to make the lay bets on betfair and then using the free bets on other sites to of set it?

    Reply
    • Jake Butler

      22. Jan, 2015

      For the free bet part that’s correct. On the qualifying bet you’ll be using your money on Betfair and in the bookies.

      Reply
  25. Yew

    21. Jan, 2015

    thank you very much for this guide, managed to make about 700 quid :)

    Reply
  26. Adz

    21. Jan, 2015

    Do you have any advice or information on Bet365’s offer, of 100% upto £200? Because it goes on to say “You must bet the amount of your deposit once before being able to bet with your bonus. You must bet the total of your deposit and bonus 3 times before making a withdrawal.”

    Thank you for your time.

    Reply
    • Jake Butler

      21. Jan, 2015

      Hi Adz. You have to bet £200 as a qualifying bet to unlock the £200 free bet. Then you’ll have to bet with the free bet to get your winnings.

      To withdraw your winnings though you’ll have to bet your deposit + bonus amount (£400) three times (so £1200) in total before withdrawing everything. You should match these 3 bets every time using the qualifying section of the automatcher.

      Reply
  27. esyamz

    21. Jan, 2015

    The ‘lay’ bet only available on betfair or any others sites?

    Reply
    • Jake Butler

      21. Jan, 2015

      You can only lay on betting exchanges. There are a few out there but the most trusted are Betfair and BetDaq.

      Reply
      • esyamz

        22. Jan, 2015

        Hi,

        Thanks for the info…
        Just one more question, do i need to cancel or close the accounts (back and lay bet) after i get the profits using the free bet?

        Reply
        • Jake Butler

          22. Jan, 2015

          Once you’ve removed the money you can do what you like with the accounts.

          Reply
  28. Andrew

    20. Jan, 2015

    Hi,

    I really like the idea and the guide and I feel like I understood the process.
    One question:

    Say I go through all the steps and get the profit. If I get that profit on Betfair then I can cash-out and all is good. However, if I get the profit on the back bet site and it is below the cash-out limit how do I cash-out?

    Reply
    • Jake Butler

      21. Jan, 2015

      You just deposit some more money into that account until it’s over the limit and then withdraw that as a lump sum.

      Reply
  29. Christine

    20. Jan, 2015

    Hi there,

    I started trying this system but I can’t work out how one thing worked earlier. I did exactly what you suggested and put my £10 qualifying bet on Betfred on Beitar Jerusalem at 2.2 and the £9.52 lay bet (£12.95 liability) at 2.36 on Betfair. Beitar Jerusalem actually lost so I lost the £10 bet on Betfred and seemingly only gained my £9.52 back on Betfair. Is that what happens? I can’t quite see how that was a pence loss, rather than a loss of over £10. Could you just explain how it works when the lay bet wins for me? Thanks!

    Reply
    • Jake Butler

      20. Jan, 2015

      Hi Christine, what you did was correct.

      The part you have described is the “qualifying bet”. It is used to unlock the free bet (the thing that makes you a profit).

      In your example you lost £10 but gained the £9.52 back. This means you made a small loss of 48p but not to worry as you were simply doing this for the free bet.

      If you do not fully understand the process I would suggest that you read through the matched betting guide a few more times just to make sure.

      Reply
      • Christine

        20. Jan, 2015

        Hi Jake,

        Thanks for getting back to me. I’ve read the guide through a number of times and I understand how it works past this point. However, if I only got my £9.52 back on the lay bet, I haven’t lost £0.48, I’ve lost £10.48.

        I paid £10 on the initial backing bet and also £9.52 on the lay bet. If I only get my lay bet back, I’ve got £9.52 returned but I spent £19.52. The only way it would work if you win on a lay bet is if you get your bet returned and then the original stake over again. Do you see what I mean? Because currently I’m now down £10.48 so using the second free bet to make a profit suddenly means I’m only going to be making a profit of a pound or so.

        Christine

        Reply
        • Jake Butler

          22. Jan, 2015

          Hi Christine, apologies I was a little confused with your example the first time around.

          So, using your example this is what will have occured…

          You put £10 into the bookie and then lost it (you are £10 down on there).

          Then on Betfair you deposited £12.95 to cover the liability. You then win the Lay stake on top of this £9.52. So once you withdraw from Betfair you are taking out £9.52 more than you put in.

          So you are £9.52 up on Betfair and £10 down on Paddy Power. This is a small loss of 48p overall.

          Reply
  30. Ian

    19. Jan, 2015

    Jake,

    One of the customer advisors said that the free bets can’t be claimed if my initial £10 bet is placed on a lay bet, it needs to be placed on a Sportsbook bet to activate the free bets, is this correct or not?

    Reply
    • Jake Butler

      19. Jan, 2015

      Yes that is correct.

      Reply
      • J T

        27. Jan, 2015

        Hey, I just wanted to know- how can I maximize profits?

        i.e. use more than the minimum amount required?

        For instance, what if I bet more than the free bet on the PaddyPower- let’s say £40? Would I be cashing in more profit or is there is a limit to it?

        Another question is that I have a free £30 bet on Betfair (as I’m a new member). How can I unlock it and how can I profit from it?

        jonathan

        Reply
        • Jake Butler

          28. Jan, 2015

          You only make profit up to the free bet amount. If you increase the amount above this you’ll just be losing a small amount of your own money. The best way to maximise profit is to find the closest odds.

          If you haven’t bet on Betfair yet you can unlock the free bet in the “sportsbook” section of the site. You’ll have to match that in the “exchange” section though.

          Reply
  31. Ali P

    19. Jan, 2015

    Hmm. So if you place a bet with the bookies on Team A to win and a lay on the exchanges for Team A to lose you’ll make a profit.

    If they draw you lose on both sites so both the bookies and the layers are laughing their socks off. This is financial suicide. Doh!

    Reply
    • Jake Butler

      19. Jan, 2015

      Hi Ali, please make sure you read the guide again as it seems you have not fully understood what a lay bet is…

      When you lay Team A for example you are betting on them NOT to win. Therefore this covers a draw and a loss.

      I’d suggest steering clear of matched betting if you have any confusions with the process at all.

      Reply
  32. Yew

    18. Jan, 2015

    Hi Jake, am wondering why is there a difference using the auto matcher tool between qualifying bet and free bet? Say A v B, bet 20 and get 20 free, back odds 1.1 while lay odds 1.12, i make a lost of 0.47. On free bet using the same example of AvB with same back and lay odds of 1.1 n 1.12, it shows that i only make a profit of 1.78 using a free bet, shouldn’t it be19.53 (20 – 0.47)? Can I use the auto matcher tool for qualifying bet when i am placing a free bet then? Also, why should we have choose higher odds for free bets since commission is charged? Many thanks

    Reply
    • Jake Butler

      19. Jan, 2015

      Hi, there is 2 sections of the tool… One for the qualifying bet and one for the free bet part.

      It’s better to choose higher odds because it’s more about how close the odds are which is more possible the higher you go.

      Reply
      • Yew

        19. Jan, 2015

        Hi Jake, am wondering why is there a big difference using the auto matcher tool between qualifying bet and free bet? Say A v B, bet 20 and get 20 free, back odds 1.1 while lay odds 1.12, i make a lost of 0.47. On free bet using the same example of AvB with same back and lay odds of 1.1 n 1.12, it shows that i only make a profit of 1.78 using a free bet, shouldn’t it be19.53 (20 – 0.47)?

        My question is why the profit is only 1.78 if the odds are so close? Shouldn’t it be 19.53? Sorry I don’t understand this part.

        Reply
        • Jake Butler

          20. Jan, 2015

          Hi Yew, you need to make sure you are using the free bet part of the table or the calculations won’t work. I can see from your example that you are doing something wrong. Please read through the guide again to make sure you understand it.

          Reply
    • Yew

      19. Jan, 2015

      Can I use the automatcher tool under qualifying bet for use of my free bet?

      Reply
      • Jake Butler

        19. Jan, 2015

        You need to use the free bet part of the matcher for your free bet!

        Reply
  33. James

    18. Jan, 2015

    Hi Jake, thanks for the guide. i was wondering with betvictor.com they say for a £25 free bet you need to stake the intial bet 4 times, not quite sure how to do that and the money i’d need to cover it? would it be less profit? also betdaq is down and will not load after i deposited £30:/.

    Reply
    • Jake Butler

      19. Jan, 2015

      Hi James, every time you rollover bets you lose a little bit of the end profit but you still make a decent amount. You will also need a bit of cash upfront to cover the liability.

      Do you have a link to those T&Cs as from this end it looks like it’s just one £25 qualifying bet for your £25 free bet.

      If you do need to place it 4 times you just treat it as 4 x £25 qualifying bets before moving onto the free bet.

      Betdaq should be working now too.

      Thanks, Jake.

      Reply
  34. Chelsea

    17. Jan, 2015

    Hey
    This is my first ever bet, let alone matched bet so need some help. Got a free £30 bet (3x£10) at betfair but In the T&C’s cannot use it for exchange lay bets only sportsbook bet. Can I back (using free bets) and lay (using my money) on the same site?
    Thanks

    Reply
    • Jake Butler

      19. Jan, 2015

      Hi Chelsea, you are correct that you need to use both sections of the site (but with the same account of course). So you back in the “sportsbook” with your free bets and then lay in the “exchange” with your own money.

      Reply
  35. Lucy

    15. Jan, 2015

    Hi, Betfair is asking me for further documentation as apparently what I provided (nothing) does not meeting their verification process. Does everyone have to do this?! I’m a bit worried about sending them any information.

    Reply
    • Jake Butler

      15. Jan, 2015

      Not everyone has to send things in but they do it from time to time. It’s 100% safe as they are a trusted company.

      Reply
  36. Amir

    13. Jan, 2015

    Hi Jake,

    Thanks for the step by step guide. Just a quick question. I used the automatcher and it gave me Tottenham v Sunderland (Draw). I followed the steps however still a bit confused. I had to put down a back bet of £20 on paddy power and have at least 50.33 in my betfair account of which I put down a lay bet of 14.38. From my understanding you’ve written I can lose the liability which is my 50.33? I don’t really understand that. Thanks Buddy

    Reply
    • Jake Butler

      13. Jan, 2015

      Hi Amir, you can lose the liability of 50.33. However, you’d make the profit in your Paddy Power account if this happened.

      Reply
      • Amir

        18. Jan, 2015

        Hi Jake,

        Thanks for the help. It seems that I made a loss but not sure. I lost my paddy power bet of £20 that I made and got a return of £63.99 in my betfair account. I did get a free £20 bet on paddy power and If I add up the 64 plus the £20 voucher I would be in profit. However, as you wrote, I won’t be getting the £20 voucher in money but only about £14 on the bet I am about to place. Overall I have deposited £70, I have £64 left and with this new bet I will get a return of 78 (63+14) for the two steps which is an £8 profit. Is this correct or am I missing the point somewhere. Thanks in advanced.

        Reply
        • Jake Butler

          19. Jan, 2015

          Hi Amir, it seems as if you bet £20 for the qualifying bet to unlock the free bet. Is that correct? You should only have to bet £5…

          If you did bet the £20 it would but into your profit more because of the way that the odds and calculations work out.

          According to your own maths above you made £8 profit??? This isn’t a loss.

          Reply
          • Amir

            19. Jan, 2015

            Hi Jake. Thanks again. Yes I had to put a £20 bet to qualify for the £20 free bet. I think they may have changed the T’s and C’s. So they basically matched my bet and that’s why I put down the £20 (to get £20 free bet). Yes I have made an £8 profit. I’m actually happy I worked this one out as the whole thing looked daunting at first. Thank you so much for all the help!! Just one last question and one that might benefit others too. Should I cancel my account with the bookmaker after I’ve finished? I read the T’s and C’s and it did mention that if they check you have multiple accounts with other bookmakers they could freeze your money…

          • Jake Butler

            20. Jan, 2015

            Hi Amir, there has been no change in the T&Cs and it’s still £5 for a £20 free bet as long as you follow our link. However, sounds like it’s all been sorted.

            Once you’ve withdrawn your money from the bookie you can do what you want with the account. Even if they do freeze it you will have no money in it anyway.

  37. Lou

    12. Jan, 2015

    Hi Jake, I have being receiving a few free bets for Casino, I haven’t done any yet, I wanted to get some advice first, I was reading one of the T&C`S and you have to do 10 bets before they will release your winnings if any, also I was looking in Betfair for lay bets for this and they have lay bets, but I noticed big money in the black Jack game, like, lay bet £1700 , is that what you have lay down, if so I will give it a miss, But I wasn`t
    sure,

    Thanks for this, Lou

    Reply
    • Jake Butler

      12. Jan, 2015

      Hi Lou, matched betting does not work with casino bets. Please stick to sports bets only.

      Reply
  38. Adrian C

    11. Jan, 2015

    So, you’re saying that after using the free bet and make a profit and cash out, you have to move to another betting site with free offer? You can’t just continue on the same betting site?

    Thank you!

    Reply
    • Jake Butler

      11. Jan, 2015

      That’s correct. You can only make money with free bets.

      Reply
  39. Yew

    11. Jan, 2015

    hi there, i was told that in order to get the free bet via bet fair, i am unable to use it on exchange where it is the only place that i could lay a bet. Should i then place a home bet on 1 site, draw on another, and away bet on the 3rd site?

    Reply
    • Jake Butler

      11. Jan, 2015

      You need to use the free bet on the “sportsbook” section of the site and lay it in the “exchange” section of the Betfair site.

      Reply
  40. Patrik

    09. Jan, 2015

    Hi. This might already have been answered in this guide, I might have missed it or just forgotten it. But, once I have used up my free bet on PaddyPower, do I hop on to another site and use their free bet and cash out my winnings at PaddyPower or do I keep betting using PaddyPower with the winnings I got? (This only applies if I received winnings on PaddyPower)

    Reply
    • Jake Butler

      11. Jan, 2015

      You need to then withdraw from Paddy Power and then move onto another site.

      Reply
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