Make money from Matched Betting (full guide)

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

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

Why should I trust this guide?

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

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

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

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

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

Article in the Guardian on matched betting

Piece by The Guardian on making money from free bets

Positive comments

One of many comments on this page by other readers

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

What is Matched Betting?

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

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

Matched Betting Header

How does it work?

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

A 'back' bet

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

A 'lay' bet

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

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

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

How much profit can I make?

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

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

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

What's the risk?

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

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

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

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

Your First Profit in 7 steps

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

  1. Sign up for Betfair.com

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

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

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

    Register on Betfair.com

  2. Sign up for PaddyPower.com

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

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

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

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

    Register on PaddyPower.com

  3. Use decimal odds

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

    Choose Decimal Odds

    Found bottom of left sidebar

  4. Find & place your qualifying bet

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

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

    Betfair Exchange

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

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

    My example

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

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

    Choosing the odds

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

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

    Matched Bet Betslips

    Automatcher tool (Qualifying bet)

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

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

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

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

  5. Claim your free bet

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

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

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

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

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

  6. Find & place a new bet

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

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

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

    My example

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

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

    Choosing the odds again

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

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

    betting slips using free bet

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

    Automatcher tool (Free bet)

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

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

  7. Cash out the profit

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

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

    My matched betting profit

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

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

Please share with your friends!

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


More Free Bets

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

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

Subscribe for new free bets

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

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

 

Current free bet total: £533

BookieDepositFree betMin. oddsClaim offer
William Hill£10£201.20Claim Now »
Sky Bet£30£302.00Claim Now »
Ladbrokes£100£1001.50Claim Now »
WinnerSports£5£202.00Claim Now »
888sport£10*£882.00Claim Now »
188Bet£50£501.50Claim Now »
Coral£5£201.50Claim Now »
Tote sport£5£102.00Claim Now »
Betway£50£501.75Claim Now »
Betfred£25£252.00Claim Now »
BetAtHome£30£151.70Claim Now »
Betfair Sportsbook (not exchange)£50£501.20Claim Now »
Paddy Power£5£201.50Claim Now »

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

Need help? Got a question?

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

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

Leave a comment



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

  1. David J

    21. Sep, 2014

    Hi, I used this system for the first time today, and made just under £15. Thanks!
    What I am curious to know is how you have made £860 in 6 months. Of the free bets listed, there are around £500, which could comfortably be translated into £300-£400 profit if I understand correctly.
    After you have signed up free bets seem hard to come by. How have you made so much after the initial sign-ups?

    Reply
    • Jake Butler

      21. Sep, 2014

      Hi David, we made a decision to only list the simple free sign up bets on the page. There are a lot more free bets out there (like the Bet365 £200 one for example) that add up to around £1500+.

      They can be a little complicated though.

      Reply
  2. David

    19. Sep, 2014

    Hi, Jake.

    Why didn’t I receive any money from Betfair after withdrawing?

    Reply
    • Jake Butler

      20. Sep, 2014

      You should have received it if you had money in your account. I’d suggest getting in touch with them.

      Reply
  3. steve smith

    19. Sep, 2014

    usually on betting sites you have to bet several times the deposit bonus before you can withdraw funds
    or is that just casino sites?

    Reply
    • Jake Butler

      19. Sep, 2014

      Some betting sites do require you to rollover many times but we tend not to list those ones in the table. I think all but one of the free bets in the table is just a single free bet + withdrawal.

      Reply
  4. sm

    17. Sep, 2014

    Hi, I have 3 x £10 free sportsfair bets to use on betfair, should I also lay these bets to not lose money if I lose?

    How would you place these?

    Thanks

    Reply
    • Jake Butler

      18. Sep, 2014

      Hi Sarah, great work on unlocking the free Betfair bets.

      You’ll need to match each of these bets by laying the outcome in the Betfair exchange. It’s important that you treat the 2 sections of Betfair (Sportsbook/Exchange) as 2 separate sites. The Sportsfair is basically a bookie.

      To do the calculations you’ll have to use the advanced setting in the tool and track down your own odds for this one.

      Reply
  5. Matt

    14. Sep, 2014

    Hi,

    Ive noticed Bet Fred is offering double odds on your first bet before you can qualify for the matched free bet. Would this mean it is unlikely to find a match with similar odds on Betfair?

    Just wanted to know before I deposited any money.

    Thanks

    Reply
  6. Joe

    14. Sep, 2014

    There is currently a £25 free matched bet on victor chandler for all new customers, it could be added to the list :)

    Reply
    • Jake Butler

      15. Sep, 2014

      Hi Joe, cheers for the heads up. We’ll look into it :)

      Reply
  7. Dan

    14. Sep, 2014

    Can this be done with a draw? i.e bet on their being a draw then lay a draw on betfair?

    Reply
    • Jake Butler

      15. Sep, 2014

      Yes Dan, it can be done on any outcome. All you are doing is betting on something and then laying (saying that event won’t happen). You can back and lay pretty much anything even top goalscorer, final result etc etc.

      Reply
  8. Edward

    14. Sep, 2014

    Thank you for this information, never heard of betfair before, very good info.

    I just looked at one of the soccer games on Bet365 (I have an account with them):

    Bayern Munich vs Man City DRAW @ 4.50
    Betfair Lay the DRAW @ 4.50

    Now, bet $10 on Bet365 to win $45
    Lay the DRAW on Betfair, enter the $11 stake, your liability is $38.50

    So, if the teams draw, you make $45 – $38.50 = $6.50; if no draw, you make $11 – $10.45 ($0.55 commission) = 0.55

    A win in both directions, no free bet offers required. Now add a zero to these numbers and you can be making $5.5 to $65 a few time a day. Unless I’m missing something?

    Reply
    • Jake Butler

      14. Sep, 2014

      You are missing something… you can only make money with free bets.

      Plus at those odds your lay stake should be £10.11 and liability is £35.39.

      If the teams draw… you have deposited £45.39 into both accounts and won £45. This means you are 39p down.

      If there is no draw… you have deposited £45.39 into both accounts and won £45 (when you take off commission). This means you are 39p down again.

      Thanks

      Reply
      • Edward

        14. Sep, 2014

        Hi Jake,

        why should my stake be 10.11? Can’t I make it whatever amount I want?

        I was thinking of depositing 1k in bet365 account and 1k in betfair. One of the accounts is going to be winning, while the other will be losing. As long as the odds are slightly higher on bet365 and slightly lower on betfair, I can make my stake on betfair a few dollars more than my backing bet on bet365.

        Unless what I’m missing is the amount I’m going to win/lose on betfair? Liability is what I lose no commissions added, and the stake amount is what I win minus the commission of 5%, am I correct?

        Reply
        • Jake Butler

          15. Sep, 2014

          Hi Edward,

          You need to stake £10.11 as this is the value that matches both outcomes against each other. If you put more or less into your lay stake then you risk losing money if there’s a certain outcome… which turns it back into gambling.

          I can guarantee that you cannot make money without using the free bet amounts… otherwise I’d be a millionaire by now.

          Here’s the example if you bet 1k (let’s say at odds of 4.5 & 4.5)

          You would need to deposit £1k into Bet365 and £3.5k into Betfair to cover the liability for a £1k stake.

          IF Bet365 WINS

          You lose all you invested in Betfair and just £4.5k on Bet356. However, you invested £4.5k so you make £0 profit.

          IF BETFAIR WINS

          You win your stake amount of £1k so you now have £4.5k in Betfair (stake + liability) but you deposited £4.5k overall so make £0 profit.

          Once you take into account the commission that it taken by Betfair you would have made a loss on both outcomes…

          If you still don’t understand the process I’d suggest reading the guide a few more times to familiarise yourself with the process.

          Reply
  9. Fredrik Pettersson

    11. Sep, 2014

    If I manage to get a UK debit card or credit card and also a UK postal address, would it then be possible to do matched betting on UK betting sites?

    Or would I need some else identification also when signing up, such as UK social security number or UK passport number?

    Reply
    • Jake Butler

      12. Sep, 2014

      Hi Fredrik, I am not sure I’m afraid. You should check with the sites.

      Reply
  10. Fredrik Pettersson

    11. Sep, 2014

    Hi,

    If I have no UK credit or debit card, and I have no UK postal address, do you think I still can use UK betting websites to do matched betting?

    Reply
    • Jake Butler

      11. Sep, 2014

      Unfortunately not.

      Reply
  11. Stacey

    11. Sep, 2014

    Hi, Im looking at the 188 bet. Is it right that i have to bet £250 to get £50 back?

    Reply
    • Jake Butler

      11. Sep, 2014

      Yes that’s correct. But remember you’ll be matching it every time so the losses will be small.

      It’s not a top offer but there’s still profit to be made with it.

      Reply
  12. Fredrik Pettersson

    11. Sep, 2014

    Hi,

    I wonder if matched betting is possible for a non-UK person (my nationality is Swedish, living in Asia)? I have no UK credit or debit card, only VISA from Norway and MasterCard from Sweden.

    Are there matched bettings possible also in other languages, such as French, Italian etc.?

    Reply
    • Jake Butler

      11. Sep, 2014

      Hi Fredrik, the maths and process would still be the same as far as I’m aware.

      You will have to track down the free bets yourself in your country and also make sure you check the T&Cs. Then you can use the advanced section of the tool to do the calculations.

      I would suggest familiarising yourself with the process in detail first though.

      Reply
  13. sarah

    10. Sep, 2014

    Hi, im giving this ago soon, whst happens after the 2nd stage? Do I just keep going or do i have to cash out and start with a different company?

    New to betting

    Thanks

    Reply
    • Jake Butler

      11. Sep, 2014

      Hi Sarah, you can only make profit from free bets and most bookies (eg Paddy Power) only offer one when signing up.

      You can keep your Betfair account but you will have to start with different bookies every time to make more profit.

      Reply
  14. Barry

    10. Sep, 2014

    Hi, I been using this for the last 9 months with great success but am now running out of the straight forward place a bet get a free bet offers on new accounts. I am getting the odd promo offers on existing accounts but am now looking at sites offering free bets if the first bet loses. I know I could place a qualifying bet at high odds & hope to lose on the bookie & win on betfair, but would I be correct in thinking that if I treated my qualifying bet as a stake not returned bet I would be in a better position. Backing £10 at 7.0 gives a £60 profit, & laying £8.63 at 7.0 a liability of £51.80. So if the bet wins it gives a profit of £8.20 but no free bet and if the bet loses It would release the free bet. Your thoughts on this would be appreciated.

    Reply
    • Jake Butler

      11. Sep, 2014

      Hi Barry, it seems like you’ve got your head around it pretty well. We’d only suggest going after these bets if you’re extremely confident and have fully read the T&Cs.

      Reply
  15. Jennifer

    10. Sep, 2014

    Hello. I read your guide a few months ago but wasn’t in the UK and couldn’t wait to get back to try it. I’ve done my qualifying bet with Paddypower but now I have my free £20 to play with, the automatcher tool doesn’t seem to be working properly. None of the odds it gives for PP or Betfair are the same as what either of them give on their own sites. Is this just a temporary glitch?

    Reply
    • Jake Butler

      10. Sep, 2014

      Hey Jennifer, as long as the difference isn’t too much (eg. within 0.2 either way) it should be ok.

      Or are you seeing larger differences?

      Reply
      • Jennifer

        10. Sep, 2014

        No, they’re bigger. More than 1.0.

        Reply
        • Jake Butler

          10. Sep, 2014

          I have just checked it myself and all of the odds are the same.

          Could you maybe give me an example game with the odds in the automatcher and then what you’re seeing on the betting sites. I’ll then be able to find the issue for you.

          Thanks :)

          Reply
  16. RS

    10. Sep, 2014

    hey, i placed a few lays on bet fair and it says the markets are suspended, could you explain what this means please. Thank You

    Reply
    • Jake Butler

      10. Sep, 2014

      Were they suspended after you placed the bets?

      Reply
      • RS

        10. Sep, 2014

        yes they were

        Reply
        • Jake Butler

          11. Sep, 2014

          Was the bet settled then? Suspended doesn’t mean cancelled it just means that others cannot bet on the outcome.

          As long as you made sure your bet was matched when you placed it then everything should be ok.

          Reply
  17. Jamie

    08. Sep, 2014

    Hi, not sure if you have mentioned this but how do you cover the bet not being fully matched on Betfair? Sometimes the bet is only partially matched which can mess up the back bet on another site. Just wondered how you deal with this?
    Thanks very much

    Reply
    • Jake Butler

      09. Sep, 2014

      Hi Jamie, please check out the FAQs below the free bets table. There’s an explanation of unmatched bets there.

      Reply
  18. Chris

    08. Sep, 2014

    Hey. Great article! I’ve a few questions before I place my first bet though..

    I’m using a bet365 account and started with £125 bonus. I gambled some of it away so now only have £80 (of the bonus) left. Can I match bet on the remainder of the bonus or is it only the first bet you place with your bonus?

    What if my bonus bet wins? I understand I would be returned the money into my account but it would still be the bonus money. Would I need to keep matching my bet until the bonus had exceeded the limit? If so would I be able to match bet my bonus in chunks e.g. £100 bonus match bet £10 on ten different occasions?

    Thanks

    Chris

    Reply
    • Jake Butler

      09. Sep, 2014

      Hi Chris, cheers for the comments about the guide.

      If you still have some bonus left you can definitely match it in order to guarantee profit.

      As far as I’m aware… With the Bet365 free bet you may have to bet the deposit + bonus amount multiple times to withdraw any winnings. I can’t comment as I’m not aware of the T&Cs of the free bet you have signed up for.

      If you have a link to the T&Cs or a bit more info about the bonus bet then I can definitely help out.

      It’s a little tricky which is why we don’t tend to suggest this free bet.

      Jake.

      Reply
  19. Ewan

    07. Sep, 2014

    Hi, first of all, great guide! One thing I can’t seem to find though is any mention on what to do when one of the conditions is that to withdraw your money you have to wager the deposit + the bonus amount 6x (for example). Let’s say the deposit and bonus were both £100, does this mean that after doing my free bet, I’d then have to match a bet of £1200 before being able to get my winnings….!?

    Reply
    • Jake Butler

      08. Sep, 2014

      Hi Ewan, we tend not to suggest these bets unless you really know what you’re doing as we know a lot of people don’t have the funds or might get caught out.

      However, if you’re keen to go after a bet like this you should do the following. If the deposit and bonus were both £100 it means that to withdraw any winnings you’d have to bet £200 x 6 in order to withdraw. Most of the time it will be stake returned so you just use the first part (qualifying bet) of the calculator for the calculations.

      You most likely can’t do it all in one chunk so you’ll have to bet a total of £1200 split up into 6 different events. I hope that helps.

      As always, make sure you fully understand the T&Cs… good luck.

      Reply
      • zach

        09. Sep, 2014

        Am I right in thinking in these cases really you want to lose on this bet and win on the layed bet on betfair unless you can afford insane betfair liability?

        As in bet365 have a £200 matched deposit at the moment with three times playthrough. So if you put 400 on odds of 3+ and won you would then have to place a bet of a further 800 on bet365 and over 2400 on betfair lol?

        Reply
        • Jake Butler

          09. Sep, 2014

          Yer that’s correct. Obviously if you end up doing the rollovers you still make a decent profit but it takes a lot of work and a fair bit of upfront investment into Betfair.

          Reply
  20. Scott

    06. Sep, 2014

    Isn’t it the case though that once you have an account with all these bookies that you can no longer become a “new customer” and gain acess to free bets? Surely you’re going to run out of bookies eventually? Or is there a way around this?

    Reply
    • Jake Butler

      06. Sep, 2014

      Yes that is correct. You can only be a new customer once on each site.

      The only way to make profit beyond the sign up free bets is: wait for new sites to open, leave your account dormant and hope they try to lure you back woth free bets, use the apps or wait for big events like Grand National or World Cup.

      Reply
      • Scott

        06. Sep, 2014

        Is there any legal reason why you cant have multiple accounts with the same bookmaker but using different payment options? ie. one for each of a persons debit cards, credit cards, paypal etc. That way you can claim the free bet multiple times?

        Reply
        • Jake Butler

          08. Sep, 2014

          You’re only able to have 1 account per person. Any more is classed as fraud. The other issue is that lots of the sites only allow free bets with debit card deposits.

          Reply
  21. Conrad

    05. Sep, 2014

    Hi I don’t understand how you calculate the backers stake in the bet fair betting slip? You say from automatic her but I can’t figure out which field you mean?

    Reply
    • Jake Butler

      08. Sep, 2014

      Hi Conrad, the backers stake is calculated by the automatcher tool. You simply put this number into the betting slip under “backers stake” when you place a bet on Betfair.

      Reply
  22. Sam

    04. Sep, 2014

    Hello

    Thank you for the guide. I was wondering if I used this guide and averaged £15 profit every 30 minutes, and did so for 2 hours a day, could I continually use this method over and over again day in day out?

    Thanks again!

    Reply
    • Jake Butler

      04. Sep, 2014

      Hi Sam, unfortunately not… otherwise I’d be the other side of the world sipping cocktails right now ;)

      There is a limit to the amount you can make because you can only use free bet amounts to make profit.

      Reply
  23. zach

    03. Sep, 2014

    Amazing site well done, quick question though does the tool not work with in play games as the odds always seem to be wrong when the game is playing for instance… Currently tool says best match to bet on for Ladbrokes is Denmark u21 vs Russia u21 as odds on Ladbrokes is 2.4 for Denmark however this is not correct? Should we avoid using the tool for in play games?

    Reply
    • Jake Butler

      04. Sep, 2014

      Hey Zach, definitely avoid in play games. The odds are likely to fluctuate a lot and could even change between placing your bookie and Betfair bets which could leave you in a bit of a pickle!

      Reply
  24. John

    03. Sep, 2014

    Hi, I’ve just read through the article and understand most of it pretty well but when I refreshed the 2 guides above, on the second one it worked out which bet was best for me and said on the paddy power account use your £20 free bet and then on betfair find the same bet (lay option) and type in £13.76 under “backers stake”. I’m confused as to how you work out that £13.76 needs to be the amount staked ???
    If you could explain how that would be great.
    Thanks in advance
    John

    Reply
    • Jake Butler

      03. Sep, 2014

      Hi John, the calculator uses a mathematical equation to work out the lay amount so that the bet is matched. It took us a while to create it and is a little complicated to explain.

      The lay odds x the stake needs to work out as around the same value of your potential winnings on the bookie.

      Reply
  25. John

    02. Sep, 2014

    I’m very happy, made my first £20 today :) Question… On Betfair it lets you change the lay odds manual, I have kept them on default so far, what would happen if I changed them?

    Reply
    • Jake Butler

      03. Sep, 2014

      Hi John, if you change them you run a very high risk of your bet not being matched. When you are laying an event you are basically becoming the bookie in a way. If you offer worse odds then people are less likely to take them.

      If you Betfair amount remains unmatched you could be in trouble.

      Reply
  26. Matt

    31. Aug, 2014

    Do I have to wait for my qualifying bet to go through before I can place my free bet? Or can I just deposit more money and do them at the same time?

    Reply
    • Jake Butler

      01. Sep, 2014

      Hi Matt, most of the sites require you to settle your first bet before the free bet is available to use. However, if it comes up straight away then I don’t see any reason why you cannot use it.

      Reply
  27. Liam Curran

    31. Aug, 2014

    I think the automatcher tool is experiencing some bugs saying there ar no bets worth matching however other tools work fine

    Reply
    • Owen Burek

      01. Sep, 2014

      Sorry you must’ve used it as it was updating/crawling, bit of a drought this week with the international break but can see there are a few coming through now.

      Reply
  28. Josh

    30. Aug, 2014

    I have a query regarding what to do after completing the ‘required’ bet. Would it be wise for me to bet far more than just the free bet if I have funds available, or would that just be like ordinary risky betting?
    Say I bet £30 on top of the £20 free bet (£50 in total), I know that I need say £100 in the betfair account, and stand to win say £40 this way (I know that I won’t get the £20 stake back). But does it carry more risk? Is there any way my £30 could be lost if I lose the bet?
    Hope I made myself clear, and thanks for the awesome article.

    Reply
    • Jake Butler

      01. Sep, 2014

      Hi Josh, when you are using matched betting you are basically taking away the risk by cancelling each bet out. This is why you can only make a profit when using the free bet money.

      So, if you put more in the bookie and match it on Betfair then you stand to lose more on Betfair.

      Reply
  29. bagus

    29. Aug, 2014

    how to know much win in betfair?

    untill now just know Liability only

    Reply
    • Jake Butler

      29. Aug, 2014

      You win the stake amount.

      Reply
  30. Bee

    27. Aug, 2014

    Please could you create a guide to what all of the ‘betting’ language means and how it all works? (e.g. ‘matching’, ‘stake’, ‘odds’, ‘liability’, ‘qualifying bet’ etc.) I am completely new to betting but would like to start as it seems like a great way to make a few quick ££ every now and again. However all this ‘betting’ lingo seems completely foreign to me – I have no idea what it all means so this guide is no use for me atm! :(

    Reply
    • Jake Butler

      28. Aug, 2014

      Hi Bee, we’ll look into adding this for you.

      In the meantime:
      - Matching: This is when you bet on 2 sites so that your bets cancel each other out no matter what the outcome
      - Odds: The chance of an outcome happening. In decimals 2.0 means that for every £1 you bet you get £2 back if you win.
      - Liability: On sites like Betfair if you lay a bet (betting on an outcome not to happen) you are saying that if you lose that you will pay another person that betted on the opposite outcome that liability.
      - Qualifying bet: This is the bet needed to unlock the free bet bonus. Eg. bet £10 to get a £20 free bet (betting the £10 is the qualifying bet).

      To be honest the guide pretty much walks you through the process and needing to know each term isn’t really essential as you can just follow the instruction.

      Jake.

      Reply
  31. Tim

    21. Aug, 2014

    Hi, can you use the betfair sportsbook free bet and lay that on the exchange?

    Thanks

    Reply
    • Jake Butler

      21. Aug, 2014

      Hi Tim, I’m not 100% sure on this one as I think the Betfair free bet is for new customers only. I’d suggest getting in touch with Betfair and asking them whether you can still use the free bet if you are a new Sportsbook customers as opposed to just a new customer.

      Reply
  32. Kathy Cakebread

    17. Aug, 2014

    Hey
    this guide is great but i’m confused. Why do you need to put so much money in betfair for your liability when you only bet £16.87 for example (but you need to have £41 for your liablity) it doesn’t make sense. Help?

    Reply
    • Jake Butler

      18. Aug, 2014

      Hi Kathy, this is because in Betfair you are basically becoming the bookie. You are betting against other people. So, if your bet loses you will need to pay out the liability. It’s not a problem though as you’ll get winnings on Paddy Power for example.

      Reply
  33. johnyyydal24

    11. Aug, 2014

    I have noticed that when you back and lay a bet the back bet must be the higher price. and the lay bet at a lower price.
    Back bet say 3.1 and Lay bet say at 2.1 then your profit would be £28.57. betting in the opposite direction you will lose. your back prices and lay prices were.
    Back at 4.43 and Lay at 4.80.
    Back at 5.0 and Lay at 5.70.
    Back at 3.40 and Lay at 3.50.
    these prices should not work for this bet.
    but there again I am new to all of this betting lark.

    Reply
    • Jake Butler

      12. Aug, 2014

      Hi Johny, due to spam we have to approve all comments (which is why it takes a while to appear on site) they haven’t been deleted!

      All I can say is that if you follow this guide you will make profit.

      If you want to make money out of your own money (not using free bets) look into arbitrage betting. However, it’s risky and requires a LOT of funds to make any kind of reasonable profit.

      Jake.

      Reply
  34. gjohn

    11. Aug, 2014

    Hi jake

    Since there are no free bets offeres in my country can i use my own funds to make a small profit. Any methods to be placed.

    Cheers
    Gjohn

    Reply
    • Jake Butler

      11. Aug, 2014

      Hi Gjohn, unfortunately not. Money can only be made through free bets.

      Reply
  35. alan

    07. Aug, 2014

    Hi Jake, just a quick Q, can you keep repeating this with the winnings you make and make profit ? Or does this only work if you recieve the free bet ??

    Reply
    • Jake Butler

      08. Aug, 2014

      Hi Alan, it only works on free bets I’m afraid. If you could make money out of any bets I’d be sitting on an island in Jamaica right now ;)

      Reply
  36. Gabs

    05. Aug, 2014

    What % of the free bet is an acceptable amount to make as profit?

    I’ve been matched betting for a week now and I’m making between 65% and 75% of the free bet as profit. Is that a good?

    Reply
    • Jake Butler

      06. Aug, 2014

      Hi Gabs, it can massively vary depending on what odds are about at the time and the size of the free bet. Any profit is good though and I would definitely say that you should be aiming for 70%+ as a base.

      Reply
      • Gabs

        06. Aug, 2014

        Thanks Jake! You are a LEGEND!

        Reply
  37. danny

    03. Aug, 2014

    my country is blacklisted on paddypower,so i cant need help on bettings sites that offer £5 in initiall deposit.tanx

    Reply
    • Jake Butler

      04. Aug, 2014

      Hi Danny, this guide was written for UK students. You will have to track down the free bets in your own country but it’s likely that there may not be similar deals on offer I’m afraid. Thanks.

      Reply
  38. Sam Penny

    02. Aug, 2014

    Hi, what happens if you were to change the ‘backers odds’ on the lay bet on betfair to match that of the bet you are backing to minimize loss? thanks

    Reply
    • Jake Butler

      04. Aug, 2014

      Hi Sam, the problem with this is that it’s unlikely that you’ll find anyone wanting to match the changed odds. If this happens you could be in trouble and the best loses on the bookies as you’ll lose all of your investment. Jake.

      Reply
  39. Sen

    01. Aug, 2014

    Hello there,

    I’ve just come across to your guide and I think it’s fantastic, so thank you. I’d like to have a go with this as well but please can you tell me how much should I deposit ( initial deposit) with each bookie? Should I deposit the minimum , like £5, or more to get more free betting.

    Thanks again

    Sen

    Reply
    • Jake Butler

      04. Aug, 2014

      Hi Sen, this guide will tell you how much you will need to deposit and bet in order to unlock the free bets although if you want to be 100% sure it’s worth checking each site’s T&Cs.

      Reply
      • Sen

        04. Aug, 2014

        Hi Jake, thanks for your reply, I think I didn’t ask my question clearly. What I meant to ask is, say for example I opened an account with Betfair and deposited £200 initially. Would I get £200 free bet(%100) so I can maximise the profit or should I just open it with the amount stated in the guide?

        Reply
        • Jake Butler

          05. Aug, 2014

          Hi Sen, I would suggest following the guide as you’re guaranteed profit if you do so. Mostly the Betfair offers in the exchange are lose refund bets which carry a small risk. Jake.

          Reply
          • Sen

            05. Aug, 2014

            Thanks Jake. I’ve just read Paddy Power’s T&C’s. It states that
            “£10 must be played as a single bet to qualify for cashback”

            Does this mean I have to deposit £10 initially?

            Thanks

            Sen

          • Jake Butler

            06. Aug, 2014

            Hi Sen, if you go through another link you won’t get the £5 for £20 offer that we have. You will have to look for a £10 bet and use the advanced settings on the calculator if you want to use the cashback offer.

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