Make money from Matched Betting (full guide)

Owen Burek

By in Make Money. Updated February 2017.

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

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

Why should I trust this guide?

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

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

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

I'll be taking you through the 'need-to-knows' then showing you how I made £13 in 20 minutes in a full-blown example.

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

Article in the Guardian on matched betting

Piece by The Guardian on making money from free bets

Positive comments

One of many comments on this page by other readers

What is Matched Betting?

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

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

Matched Betting Header

How does it work?

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

A 'back' bet

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

A 'lay' bet

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

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

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

How much profit can I make?

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

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

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

What's the risk?

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

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

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

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

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

Your First Profit in 7 steps

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

  1. Sign up for Betfair.com

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

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

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

    Register on Betfair.com

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

  2. Sign up for Coral.co.uk

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

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

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

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

    Register on Coral.co.uk

  3. Use decimal odds

    Once you've logged into Coral.co.uk, change your odds display from fractions to decimal for easy comparison with Betfair. You can do this from the link in the top menu across the site. This is essential!

    Choose Decimal Odds
  4. Find & place your qualifying bet

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

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

    Betfair Exchange

    For this free bet offer, Coral's terms state you must pick odds of 1.5 or greater. It's better to choose a bet with low odds for this step, between 1.5 and 4.0 if possible.

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

    My example

    I used the Oddsmatcher below which suggested a football match between Liverpool and Sevilla. So I put "Liverpool v Sevilla" in the search boxes on Coral and Betfair, then found the "Match Result" market on Coral and "Match Odds" on Betfair.

    I will back Liverpool to win at Coral.co.uk with odds of 2.25 and lay that same bet on Betfair.com with odds of 2.36.

    Choosing the odds

    In my example bet, the difference is 0.11 which the Oddsmatcher calculated as giving me a small acceptable loss of 37p on this qualifying bet.

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

    Matched Bet Betslips

    Oddsmatcher tool (Qualifying bet)

    Use the Oddsmatcher tool below. This will save you a LOT of time and maximise your overall profit.

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

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

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

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

    Get bonus tips & more free bets

  5. Claim your free bet

    In my Liverpool v Sevilla game, Sevilla won 3-1. So my profit of £4.87 (the "Backer's Stake") ended up in Betfair, which after commission is £4.63. Meanwhile I lost the £5 bet with Coral.

    The total amount between the accounts is therefore 37p, as calculated by the Oddsmatcher.

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

    My Betfair account is up to £14.63 (my initial deposit of £10 + £4.63).

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

    The free bet of £20 will be credited to your Coral account.

  6. Find & place a new bet

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

    The £20 free bet will usually be received as 4 x £5 free bets, so simply place them on the same event as separate bets.

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

    My example

    I used the next step of the Oddsmatcher (embedded below) which suggested a football match between Crystal Palace and Manchester United. The odds are above 3.0 and have only a 0.2 difference between the websites.

    You'll see below that I am backing a draw on Coral (3.5 odds) and then I'm laying that bet (for a draw not to happen) at Betfair (3.7 odds).

    Choosing the odds again

    On Betfair I already had £14.63 remaining from the first bet, so I deposited £23 to more than cover my calculated Liability (total £37.63).

    Here are my bet slips on both websites for my free bet (I placed 4 of the same bet on Coral since they split my £20 free bet into 4 x £5 bets):

    betting slips using free bet

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

    Oddsmatcher tool (Free bet)

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

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

  7. Withdraw the profit

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

    In my example of the Crystal Place v Man Utd game, the score ended in a draw at 1-1. This means my Coral £20 free bet won (because I backed a draw to happen) with a return of £50. Meanwhile I lost the £36.99 Liability on Betfair.

    So £50 (winnings) - £36.99 (liability) = £13.01. This is exactly the amount of profit calculated for me by the Oddsmatcher.

    My matched betting profit

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

Please share with your friends!

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


More Free Bets

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

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

Important: Unlock ALL free bets

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

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


Current free bet total: £2,410

BookieDepositFree betMin. oddsClaim offer
Ladbrokes £50 £50 2.00 Claim Now »
Coral £5 £20 2.00 Claim Now »
Sky Bet £5 £20 2.00 Claim Now »
William Hill £10 £20 1.50 Claim Now »
BetVictor £10 £30 2.00 Claim Now »
188bet £10 £30 2.00 Claim Now »
LeoVegas £5 £NA 1.01 Claim Now »
Dafabet £30 £30 1.50 Claim Now »
Tote Sport £25 £25 1.01 Claim Now »
Unibet £30 £30 1.40 Claim Now »
NetBet £100 £50 1.60 Claim Now »
BoyleSports £10 £20 2.00 Claim Now »
Smarkets £10 £10 1.01 Claim Now »
betway £100 £100 1.75 Claim Now »
Paddy Power £10 £30 2.00 Claim Now »
Betfair £20 £20 1.20 Claim Now »
Come on £10 £10 1.50 Claim Now »
888sport £10 £NA 1.01 Claim Now »
BETDAQ £100 £25 2.00 Claim Now »
bwin £20 £20 1.70 Claim Now »
Betfred £10 £30 2.00 Claim Now »
bet365 £200 £200 1.50 Claim Now »
Stan James £10 £20 1.80 Claim Now »
bet-at-home £40 £20 1.70 Claim Now »
10Bet £400 £200 1.60 Claim Now »
Genting Bet £10 £10 2.00 Claim Now »
Betsafe £10 £20 1.80 Claim Now »
32Red £10 NA 2.00 Claim Now »
12BET £50 £50 2.00 Claim Now »
Betstars £10 £30 1.50 Claim Now »
BetBright £100 £50 1.66 Claim Now »
21Bet £10 £10 2.00 Claim Now »
XTiP £100 £100 1.50 Claim Now »
TonyBet £200 £100 1.60 Claim Now »
138.com £25 £25 2.00 Claim Now »
Fun88 £50 £50 2.00 Claim Now »
RealDealBet £50 £50 1.40 Claim Now »
Mobilbet £50 £50 3.00 Claim Now »
Sportingbet £100 £100 1.50 Claim Now »
Marathonbet £80 £20 1.80 Claim Now »
Redbet £100 £50 2.00 Claim Now »

Click for even more free bets »

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

Need help? Got a question?

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

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

Leave a comment



2,219 Responses to “Make money from Matched Betting (full guide)”

  1. Rachel

    14. Feb, 2017

    When using the oddsmatcher and your example said it would lose you 37p, does this include the liability you have to pay if your lay bet doesnt come in? im keen to have a go but liability is confusing me.

    Reply
    • Jake Butler

      15. Feb, 2017

      You lose 37p no matter which way the bet goes. This is because the odds don’t match up exactly.

      Reply
      • Rachel

        15. Feb, 2017

        so do you just lose 37p altogether or is it 37p + liability if the betfair bet loses?

        Reply
        • Jake Butler

          15. Feb, 2017

          Just 37p overall. If you lose on Betfair you do lose the liability but your earnings on the bookie site will make up for this (minus the 37p of course which is where you get that value).

          Reply
  2. Jennifer

    13. Feb, 2017

    Hi. After just a few bets (3 or 4 at £10 – £20) I’ve had my Stan James account closed down due to suspected arbitrage. Has anybody else experienced this problem? I don’t really see why they care as it generates business so everyone’s a winner. Also had a dodgy experience with another company who cancelled one of my bets the day after I won it due to palpable error. Is it legal they can cancel a bet after you won it?

    Reply
    • Rick

      14. Feb, 2017

      Yes but palpable errors are very rare. I wouldn’t worry too much about Stan James as most have their accounts closed after placing a few bets.

      Reply
  3. Dan

    13. Feb, 2017

    Hi,

    I don’t understand how you keep getting the free bets? Do you create new accounts for the same bookies each time to get the sign up free bets?

    Reply
    • Jake Butler

      13. Feb, 2017

      Hi Dan, you only get 1 sign up free bet per site. If you want to keep making profit you need to take advantage of the existing customer offers. There’s more info on this when you sign up to the mailing list on this page.

      Reply
      • Dan

        13. Feb, 2017

        Thanks Jake. Can you use multiple email address or are the cards recognised? Also do you use VPN and a IE Snare blocker?

        Reply
        • Jake Butler

          13. Feb, 2017

          If you create multiple accounts it’ll be seen as fraud.

          Reply
  4. Frazer

    12. Feb, 2017

    Can you please explain how it works with the bookie? Do I need to change from Coral to another bookie each time? Also for betfair can I use them everytime as the lay bet or should i change that and if so to who?

    Reply
    • Rick

      13. Feb, 2017

      The idea is to take advantage of the signup offers as outlined above in the Coral example, you should be looking to do this for each of the bookmakers. There are other betting exchanges available, the other notable one is Smarkets and the advantage with them is that they only have a 2% commission.

      Reply
  5. Frazer

    12. Feb, 2017

    Hello. Betfair is offering £30 bonus if you deposit £10 is there any way that i can use this bonus with your method to make any extra profit? And if so how can I do that?

    Reply
    • Rick

      13. Feb, 2017

      Yes you can sign up to another betting exchange and lay off the bets using that – I advise using Smarkets.

      Reply
  6. Rochelle

    09. Feb, 2017

    I’m confused as to how to lay the accumulator offers. Any suggestions?

    Reply
    • Rick

      10. Feb, 2017

      See our FAQs 🙂

      Reply
      • Rochelle

        13. Feb, 2017

        Just a note I signed up to Sporting bet and they have changed wagering requirements for the bonus and you have to rollover 4x before receiving the bonus! Wish I had checked fully before depositing.

        Reply
  7. Claire

    09. Feb, 2017

    hello 🙂 when I place a bet, do I need to keep tracking it before the event incas the odds change and I thus need to alter my numbers. Thanks for any advice

    Reply
    • Rick

      10. Feb, 2017

      No need to worry, once both bets are confirmed the bookmaker and exchange will pay out at the price agreed.

      Reply
  8. Paul

    07. Feb, 2017

    I have been signed up with you for a month now and not had any email offers come through?????

    Reply
    • Jake Butler

      08. Feb, 2017

      Please check your spam/junk folder just in case.

      Reply
  9. Sam

    06. Feb, 2017

    Hi, i made an error in my qualifying bet lol.. I only bet £5 on betfair and so didnt activate the free bet and i lost it but I won the £5 bet on Coral and made £10. Should I just withdraw and put the £10 on Betfair and just hope for the best and take the £5 loss ?

    Reply
    • Rick

      07. Feb, 2017

      Not sure I understand what happened here, if you bet £5 with Coral were you not then given a £20 free bet?

      Reply
      • Sam

        07. Feb, 2017

        Sorry maybe i shouldve been clearer. It was with Betfair that i made a £5 bet instead of £10 so I haven’t activated the free bets with Betfair.

        Reply
        • Rick

          07. Feb, 2017

          If you just registered with Betfair I would contact their customer support (they have a live chat service) and ask if they can credit you with the free bets if you place another £5 or £10 bet.

          Reply
          • Rick

            08. Feb, 2017

            Yup just making sure you’re laying the bets correctly (i.e. on a separate betting exchange)

          • Sam

            07. Feb, 2017

            Just spoke and I have to make another £10 bet in the Sportsbook to activate the free bets, so shall i just redo the qualifying bet again and take the £10 loss?

  10. Dave

    05. Feb, 2017

    Hey, used a few of the promotions already (and made some profit so thanks) and about to do the Paddy Power bet. I’ve not registered with Smarkets yet but thought I may as well try their offer at the same time. When you deposit £20 on Smarkets does your first bet need to be the full £20, or can you just bet the £10? Thanks in advance

    Reply
    • Rick

      06. Feb, 2017

      You can just bet the £10, although I wouldn’t go out of my way just to get the refund as it’s not so dependent on what you do with the first bet – you’ll get the £10 back when you lose £10 (whenever that is). I would just sign up with Smarkets, deposit £20 and then focus on doing the Paddy Power offer.

      Reply
  11. laurence

    03. Feb, 2017

    I am not clear what one is supposed to do with the money originally ‘invested’ in the deposit. Should you play the full value of your deposit in the first bet? Only play the value of your free bet in the second? Can you withdraw back what is left of your deposit? Or do you have to wait for a new promotional free bet to come through? some of the offers suggested do mention fairly high amounts, and i wouldn’t want to have that money ‘frozen’ for any significant amount of time.

    Reply
    • Rick

      06. Feb, 2017

      It depends on the offer, a lot of them will have a fixed amount (e.g. for the Paddy Power offer you will need to deposit and bet £10 to get the £30 free bet). For the others it will be a matched deposit bonus (say) up to a certain amount. In the case of bet365 for example, you will get a 100% bonus on the amount you deposit subject to a 3x wagering requirement. We advise depositing the full £200 as that’s how to profit most from the offer 🙂

      Reply
  12. Aaron

    03. Feb, 2017

    for the bet 365 offer will i always need to bet the £1200 which is required for a withdraw or am i set if the winnings end up Betfair? seems like i would be but dont want to deposit so much and not be sure about whats happening

    Reply
    • Rick

      06. Feb, 2017

      If all of the bet365 bets lose and your winnings end up in Betfair before you have bet through the required amount then you can stop there. But if you have a balance with bet365 you will need to bet through £1,200 worth before being allowed to withdraw.

      Reply
  13. Rochelle

    03. Feb, 2017

    My unibet bet lost, do I use the same calculator for step 2 with the £30 refund?

    Reply
    • Jake Butler

      03. Feb, 2017

      Hi Rochelle, you should now have £30 as a bonus in your account. If the stake is not returned on this you should use the free bet part of the calculator. You then still need to roll through another £60 before you can withdraw any winnings. This £60 will be a stake returned bet so you’ll need to use the qualifying part of the calculator for this. If at any point all your winnings end up in Betfair you should just withdraw from there.

      Reply
      • Rochelle

        03. Feb, 2017

        Hi Jake, thanks for your reply, I’ve now done this! I’m having a trouble with tracking everything. I used to have ultimatcher but my old pc broke. When I e downloaded it, it won’t work and when trying to enable macros, it opens up another window I’ve tried match and go but the figures aren’t changing despite following all the instructions and when I use Rebel Betting it’s saying my accounts are minus. I’m guessing it might be something I’m doing wrong but have you got any suggestions?

        Reply
  14. Rick

    02. Feb, 2017

    Hello, I have some questions if you don’t mind 🙂

    1/ What would’ve happened if Liverpool won in your first example ? And same goes for the second one, what if a draw DIDN’T happen ?

    2/ What happens after you make profit from the free bets, do you make a new account or use a new website or match your gain or what ?

    3/ Do you only profit from the free bets ?

    Reply
    • Jake Butler

      03. Feb, 2017

      Hi Rick,

      1/ If Liverpool had won you’d lose the liability on Betfair but this would be covered by the winnings on Coral. In the 2nd game if a draw didn’t happen you’d have lost the Coral bet but you’d have won on Betfair (the backers stake) which is around £13.

      2/ After you make profit from the free bets you move to the next bookmaker. For more advice on what to do after you’ve exhausted all of the free bets please sign up to the mailing list on this page.

      3/ Yes you only profit from free bets.

      Reply
      • Rick

        03. Feb, 2017

        So basically, the 1st game would’ve been +6.25£ -6.62£,
        and the second one : +13.70£ and the losses on Coral are only free bets right ?

        Reply
        • Jake Butler

          06. Feb, 2017

          Yep that’s right. You are making a profit by using the free bet.

          Reply
      • Rick

        03. Feb, 2017

        Thank you so much for answering !

        Reply
  15. Aaron

    31. Jan, 2017

    So with Bet365,

    Once you worked through your £200 deposit to gain access to the £200 bonus, when you’re then betting with the bonus is the stake returned unlike other offers?

    e.g.
    You’ve lost your £200 deposit so you balence is just the £200 bonus
    If you bet £200 @ 3.0, and win would you get £400 back or £600?

    Reply
    • Rick

      01. Feb, 2017

      Yes bet365 is slightly different to the others – if you bet £200 at 3.0 then you would have £600 returned to you as it’s a stake returned free bet.

      Reply
  16. Jay

    26. Jan, 2017

    I just read the Ts and Cs for the SkyBet free £20 bet and it says:

    “Free bets are non-withdrawable and free bet stakes are not included in any returns”

    So if I was to put the £20 free bet on a team to win, and the returns are £86, I’d have £66 put into my account, not £86?

    Reply
    • Rick

      01. Feb, 2017

      Yes that’s correct, although the bet calculator takes this into account and you should end up making the same profit regardless of the outcome of the free bet.

      Reply
  17. Jessica

    25. Jan, 2017

    Hi, thanks a lot for the guide. I stupidly matched a PaddyPower free bet using Betfair! Completely forgot to switch to Smarkets. Whats the worst that could happen?

    Reply
    • Rick

      01. Feb, 2017

      I wouldn’t worry too much about it, but try not to do it again.

      Reply
  18. Michael

    24. Jan, 2017

    Be careful of the XTiP free bet. You may even want to remove it from the list.

    The XTiP one doesn’t follow the “standard” approach. You can only apply the awarded to bonus to combination bets (i.e. two or more bets), so this makes the back/lay situation much more complicated.

    From the T&C’s:

    “The amount deposited and the bonus amount must be played at least three times (at the level of the bonus amount) on sports betting. Only combination bets (at least a 2-way combinations) which have a minimum odd of 1/2 (1.50) (per tipp) are allowed.”

    Reply
    • Rick

      25. Jan, 2017

      Hi Michael, we understand this and have made this clear above the numbered steps (under ‘About this offer’)

      Reply
  19. Emma

    24. Jan, 2017

    Hi, I understand the process when using odds matcher, but when you are trying to do it yourself without the odds matcher tool, how do you work out how much to place on the ‘lay’ bet? The tool only shows for the initial bet and then the free 4x£5 bets with Coral, but if I wanted to start using this more, then I would have to work out that lay bet myself I assume? Thanks.

    Reply
    • Rick

      25. Jan, 2017

      Hi Emma, the amount you should lay on Betfair is shown in the instructions for each of the bookies after you type in the back and lay odds for the offer. Alternatively you can use our manual bet calculator (link above in the FAQs).

      Reply
  20. Donella

    24. Jan, 2017

    This looks interesting and i’d like to try it – but Is it safe to put your debit cards detais out there, on so many of the betting sites?

    Reply
    • Rick

      25. Jan, 2017

      Yes of course, they’re all trusted and regulated bookmakers 🙂

      Reply
  21. Pete

    23. Jan, 2017

    Can’t find decimal in Coral, how do I find this

    Reply
    • Rick

      24. Jan, 2017

      At the very top of the page you should see a link that says ‘Decimal’ (next to ‘Fractional’)

      Reply
  22. Pete

    23. Jan, 2017

    I can’t see lay next to selected match in betfair, how do I get the lay option?

    Reply
    • Rick

      24. Jan, 2017

      Hi Pete, I think you may be using Betfair Sportsbook rather than Betfair Exchange. If you head to https://betfair.com/exchange you should see the blue and pink boxes for each selection.

      Reply
  23. Amy

    22. Jan, 2017

    Hi

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

    Apologies if that is a silly question

    Many thanks

    Reply
    • Rick

      23. Jan, 2017

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

      Reply
  24. daniel

    19. Jan, 2017

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

    Reply
    • Jake Butler

      19. Jan, 2017

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

      Reply
  25. Ben Hyland

    17. Jan, 2017

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

    Reply
    • Jake Butler

      17. Jan, 2017

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

      Reply
  26. Aaron

    16. Jan, 2017

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

    Reply
    • Rick

      17. Jan, 2017

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

      Reply
      • Aaron

        17. Jan, 2017

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

        Reply
  27. Johan

    15. Jan, 2017

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

    Reply
    • Jake Butler

      16. Jan, 2017

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

      Reply
  28. Paul W

    15. Jan, 2017

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

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

    Reply
    • Rick

      16. Jan, 2017

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

      Reply
      • Paul

        16. Jan, 2017

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

        Reply
        • Rick

          16. Jan, 2017

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

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

          Reply
  29. Sam

    11. Jan, 2017

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

    Reply
    • Rick

      12. Jan, 2017

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

      Reply
  30. Rick

    06. Jan, 2017

    Hi Paul have you checked your spam folder?

    Reply
  31. David

    31. Dec, 2016

    Hi,

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

    Reply
    • Jake Butler

      03. Jan, 2017

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

      Reply
  32. steve

    21. Dec, 2016

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

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

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

    Reply
    • Owen Burek

      21. Dec, 2016

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

      Reply
  33. Jacob

    17. Dec, 2016

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

    Reply
    • Rick

      19. Dec, 2016

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

      Reply
  34. El

    16. Dec, 2016

    Hi,

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

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

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

    Reply
    • Jake Butler

      16. Dec, 2016

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

      Reply
  35. ryan

    23. Nov, 2016

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

    Just found out the hard way.

    Still, good website.

    Reply
    • Rick

      23. Nov, 2016

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

      Reply
  36. Jason

    19. Nov, 2016

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

    Reply
    • Rick

      22. Nov, 2016

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

      Reply
  37. Gemma

    11. Nov, 2016

    Hi there

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

    Reply
    • Rick

      14. Nov, 2016

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

      Reply
  38. TR

    02. Nov, 2016

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

    Reply
    • Rick

      03. Nov, 2016

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

      Reply
  39. Ollie

    31. Oct, 2016

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

    Reply
    • Rick

      01. Nov, 2016

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

      Reply
  40. Daniel

    31. Oct, 2016

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

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

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

    Is this correct?

    Reply
    • Jake Butler

      31. Oct, 2016

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

      Reply
  41. Jo

    25. Oct, 2016

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

    Reply
    • Rick

      26. Oct, 2016

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

      Reply
      • Jo

        26. Oct, 2016

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

        Reply
        • Rick

          26. Oct, 2016

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

          Reply
  42. Nick Birch

    21. Oct, 2016

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

    Reply
    • Rick

      24. Oct, 2016

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

      Reply
  43. Jay

    21. Oct, 2016

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

    Reply
    • Rick

      24. Oct, 2016

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

      Reply
  44. Mark

    15. Oct, 2016

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

    Reply
    • Rick

      17. Oct, 2016

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

      Reply
  45. Jade

    12. Oct, 2016

    Hey Rick,

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

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

    Is there a downloadable version of the calculator at all?

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

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

    Thanks again

    Jade

    Reply
    • Rick

      12. Oct, 2016

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

      Reply
  46. onyi

    11. Oct, 2016

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

    Reply
  47. David

    10. Oct, 2016

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

    Reply
    • Rick

      11. Oct, 2016

      Please refer to our FAQs on unmatched bets.

      Reply
  48. David

    09. Oct, 2016

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

    Reply
    • Rick

      10. Oct, 2016

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

      Reply
  49. David

    07. Oct, 2016

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

    This comment is awaiting moderation.

    Reply
  50. David

    04. Oct, 2016

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

    Reply
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