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. 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£25£251.20Claim Now »
Sky Bet£30£302.00Claim Now »
Ladbrokes£50£501.50Claim Now »
Betfred£25£252.00Claim Now »
WinnerSports£25£252.00Claim Now »
Betway£50£501.75Claim Now »
888sport£10*£882.00Claim Now »
188Bet£50£501.50Claim Now »
Coral£5£201.50Claim Now »
Tote sport£5£102.00Claim Now »
BetVictor£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



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

  1. ryan

    10. Jul, 2014

    for the free bet the in play odds are always different to the paddy power site do I need to use the free bet on a match that has not started yet?

    Reply
    • Jake Butler

      11. Jul, 2014

      I would definitely recommend betting on a match that hasn’t started yet due to the in play odds constantly shifting.

      By the time you’ve bet on PP the odds may have changed a lot on Betfair and you could be left out of pocket.

      Reply
  2. Matt

    09. Jul, 2014

    My free £20 bet on Paddy Power has been broken in to 4 £5 bets. How would I re-calculate the backers stake for Bet Fair to take this into account?

    Reply
    • Jake Butler

      09. Jul, 2014

      Hi Matt, all of the £5 bets can be used in one go.

      Reply
  3. Lozza

    09. Jul, 2014

    Hey, I have one last free £100 bet to place and I was looking to stick it on Messi to be Top Scorer, at back odds of 5.5 and lay odds of 5.5, also.

    The question I would like to ask is: what will happen in the event of a dead heat?

    Let’s say for example, Messi ties top position with James Rodriguez on 6 goals… Which winnings will divided in half and what will remain of my potential £78 profits?

    Many thanks in advance!

    Reply
    • Jake Butler

      09. Jul, 2014

      Hey Lozza,

      In a dead heat I believe that they split the bet and you win half and lose half. This should happen on both Betfair and the bookie meaning the halves will match up (if that makes sense).

      You should therefore get the same amount of profit.

      I know it’s likely but it still may not happen so everything should work out with the original bet.

      Jake.

      Reply
  4. Lauren

    07. Jul, 2014

    Hi,

    I don’t understand the lay bet part, how do you know how much to deposit on the qualifying bet? How do you know to deposit £7.31 for the liability? And later when you describe the free bet stage, how did you know to put £58 into your account?

    Reply
    • Jake Butler

      08. Jul, 2014

      Hi Lauren, the automatcher tool tells you exactly how much to put in as your liability.

      Reply
      • Lauren

        08. Jul, 2014

        Okay, I still don’t understand how you know how much to put the backer’s stake as? So is the liability the amount of money you’re betting? Or is the backer’s stake how much you’re placing on the bet? Also, if your bet wins on betfair exchange, do you just win your liability money back? Or do you win the backer’s stake too?
        Because if I put £10 on Paddy Power, which I must do in order to get the free bets, I will have then put £17.74 on the liability, which means I’m down £27.74, so if my bet on betfair wins, then will I only win back the £17.74? As this would mean I would be down £10?

        Reply
        • Jake Butler

          09. Jul, 2014

          Hi Lauren, the automatcher tool tells you exactly how much to put in as the backers stake.

          Lay bets work slightly differently from back bets so the liability is the amount you will lose on Betfair if you don’t win that bet. The backers stake is how much you’ll win if the bet wins.

          If you follow our link you only need to bet £5 on Paddy Power to get the £20 free bets.

          Using your example though: If you win on Betfair you’ll get your liability + the backers stake amount back meaning you’ll only make a small loss.

          Jake.

          Reply
  5. Alex Skoludek

    06. Jul, 2014

    Hi again Jake,

    Another quick question. Is the amount that the auto matcher tool says I can win on the free bet the maximum profit i can make? Or can i find odds around the 6.00 mark and make even more profit?

    Alex

    Reply
    • Jake Butler

      07. Jul, 2014

      Hi Alex, the automatcher picks out the best deals currently available. But, if on the off chance, you find closer and better odds then by all means go ahead with those.

      Reply
  6. Sfs

    03. Jul, 2014

    Could I just match a bet with 3.000 pounds and then become very rich? Or am I not seeing something here

    Reply
    • Jake Butler

      03. Jul, 2014

      You can only make money with the free bet amount.

      Reply
  7. Ladan

    02. Jul, 2014

    Hi,
    I have a question about the Ladbrokes free £100 bet. Will it only be applied after the match you’ve bided on is over? Because I’ve looked under free bets and it doesn’t seem to be there. I entered the promo code at registration also. Thanks.

    Reply
    • Jake Butler

      03. Jul, 2014

      Hi Ladan,

      Have you double checked the T&Cs. As long as you followed the instructions you should have unlocked your free bet after carrying out the qualifying bet. Some of the main terms include:
      - new Ladbrokes customers only
      - use of correct promo code
      - must be used within 7 days of unlocking it
      - qualifying bet must be on odds of 1.2 or higher
      - qualifying bet must be fully settled first
      - UK only

      I’m sure if you get in touch with Ladbrokes (care@ladbrokes.com) they should be able to assist you.

      Jake

      Reply
  8. James

    02. Jul, 2014

    I have been looking around for months for a viable method to make some money online, I come across this site which pays for surveys you do… There are tons of similar sites out there, can you advise me if this is legit??

    Here’s the Link: [Link removed]

    Reply
  9. Katy

    02. Jul, 2014

    On Bet365 they’re offering up to a £200 free bet when you deposit over £10 as a new member. However, it says you have to rollover your deposit and bonus three times prior to making a withdrawal… The problem I see here is that you’re going to have to spend say £630 on the website before you can even take it out. Is this rollover thing some kind of scam? I’m totally convinced by the whole matched betting thing and am going to try it out on paddypower tomorrow but could you shed some light on this? SURELY you’d win some money back on your free bet but then you would never be able to get it out until you’d waster £630. Have I missed something? Cheers xo

    Reply
    • Jake Butler

      03. Jul, 2014

      Hi Katy, the rollovers are a little more complicated but there’s still a profit to be made.

      You would have to bet up to £630 you are correct. However, you can match it each time to make sure that you don’t lose too much (if that makes sense).

      If you’re lucky though you will win one of the rollover bets on Betfair and then you can just withdraw the winnings from there.

      Jake

      Reply
  10. Alex Skoludek

    01. Jul, 2014

    Hi guys,

    Basically i was just wondering, if i lose my lay bet and thus my liability, is that loss covered in the winnings of the ‘back’ bet?

    Alex.

    Reply
    • Jake Butler

      02. Jul, 2014

      Yes, if you follow the instructions you cannot lose.

      Reply
  11. BEN

    30. Jun, 2014

    Hi, once we’ve been through all the links above, where is the best place to look for further sites? Thanks

    Reply
    • Jake Butler

      03. Jul, 2014

      Hi Ben, we have tended to mention all of the sites that are trustworthy enough to carry out matched betting on. However, I’d suggest searching for a list of UK bookies and then checking each one for their free bet offers. Be very careful to check the terms on each one too.

      Reply
  12. e7

    30. Jun, 2014

    make sure you check the T&C of the free bets. on Bet Fred you don’t qualify for the free bet if you deposit using paypal

    Reply
    • Jake Butler

      01. Jul, 2014

      Yes, we do recommend that you always check the T&Cs of each bet offer as they change over time and each on has different terms. It’s mentioned a couple of times within the guide.

      Reply
  13. SHRISHAIL

    28. Jun, 2014

    after getting our profit from some bookmaker then it is compulsory to change bookmaker?

    Reply
    • Owen Burek

      30. Jun, 2014

      Yep, you can’t register twice for any of them. You may however get existing user free bets in the future.

      Reply
  14. SHRISHAIL

    27. Jun, 2014

    HI
    if i place lay bet on both teams like for example
    ivory coast vs Algeria
    lay bet for ivory will be 5 and lay bet for Algeria will be 1.5
    i will put 5 euro on ivory coast and 15 euro on Algeria then whoever wins i will get profit?

    Reply
    • Owen Burek

      30. Jun, 2014

      It doesn’t work like that, please read the guide again. You need to place a back and a lay bet on the same outcome.

      Reply
  15. BEN

    27. Jun, 2014

    Hi Owen,

    getting on well, gone through all your sites now bar one. Can I just check we can still do the Betfair £50 one if we have already signed up to use the exchange? Does that not count as an existing account with Betfair?

    Also once the list is exhausted I take it we should use sites to search for free bet bonus sites and take a good look at the T&Cs?

    Cheers

    Reply
    • Owen Burek

      30. Jun, 2014

      There’s some other comments on this, I believe it’s best to contact their customer services and ask for it (say you signed up believing you’d get it) rather than setting up a new account.

      Reply
      • BEN

        30. Jun, 2014

        thanks will do

        Reply
  16. Emile Cole

    24. Jun, 2014

    Hey, I did this with Paddy Power and all was well. I’ve now tried with winner.com and I too have been given 5 bet tokens instead of £25 free. I bet £25 on Colombia to win against Japan, which came in, meaning I’m up to £58.75 on winner.com. I’ve withdrawn that, which leaves me with my bonus money, but it won’t let me place a bet larger than a tenner. I’ll post screenshots below.

    https://dl.dropboxusercontent.com/u/1188395/Winner1.PNG

    https://dl.dropboxusercontent.com/u/1188395/Winner2.PNG

    https://dl.dropboxusercontent.com/u/1188395/Winner3.PNG

    Reply
    • Owen Burek

      25. Jun, 2014

      Did you follow the link in the guide? That offer is http://www.winner.com/en/free25/ which clearly says “a Free Bet” which implies single £25.

      Reply
      • Emile Cole

        25. Jun, 2014

        I sent them the following email:

        “Hello, I signed up to winner.com through this link (http://www.winner.com/en/free25/) and placed a £25 bet. I expected to receive a free bet worth £25 but instead I have 5 bet tokens worth £10 each that can only be used on certain markets. This is not what was described in the link. Would it be possible to replace these tokens with the £25 free bet I’m due?

        Thanks, Emile.”

        So we’ll see what happens.

        If the worst comes to the worst, would my best bet be to place a £10 matched bet with Winner and then just gamble with the tokens? I think I’ll still make a couple of quid profit?

        Reply
        • Owen Burek

          26. Jun, 2014

          Yeah at least you have some guaranteed profit either way, looks like you got 2x £10 single free bets?

          Reply
          • Emile Cole

            26. Jun, 2014

            Here’s my response:

            “Thank you for contacting Winner Sports Customer Services.

            Currently we offer a number of Winner Welcome Free Bet promotion upon registration.

            We see that you signed up via an affiliate which have triggered the Welcome free bets worth up to £50. As per the terms and conditions, the free bet will be awarded into 5 tokens as follows: a Single Bet token, a Double Bet token, a Treble Bet token, a Four-fold Bet token, and a Five-fold Bet token. Each are for £10.

            Unfortunately, we won’t be able to amend the Welcome free bets on your account as you are only entitled to one.

            We hope this resolves your query.”

            Slightly annoying. It might be worth updating this guide with an extra note about the importance of signing up to Winner.com through your link. In all honesty I thought I had, but I guess I clicked on it, looked around the site a bit and then signed up through another link. Ah well, a couple of quid guaranteed profit and three free accumulators isn’t anything to moan about :)

    • BEN

      25. Jun, 2014

      Yes exactly what i got. I found it too complicated to try and lay these as they are accumulators, so I just placed bets with them as I’ve not made much of a loss to get these £10 bets. Fingers crossed one of the bets will come in! If not nothing lost. A bit annoying though! Oh well I suppose offers change from time to time! Never mind!

      Reply
  17. BEN

    23. Jun, 2014

    Good evening,

    Just finished the Winner qualifying bet for £25, but seem to have ended up with 5 x £10 bets, first one a “single” bet, then the next one is a “free bet token”, the third a “5-fold accumulator”, then a “4 fold accumulator”, and then finally a “double free bet token”… I’ve laid the first £10 bet but not sure if I should use the others? Have I gone wrong?

    Cheers

    Reply
  18. Marcus Williams

    22. Jun, 2014

    Hi I am just wondering, I have got my free £20 pound bet and I just need to put it on, however it says on the calculator that I need to put a 13.20 bet on bet fair, however I need to have ay least £27 in my bet fair account how come?

    Reply
    • Owen Burek

      25. Jun, 2014

      The £13.20 isn’t your bet, it’s the “backers” bet. Your liability will be £27 and that’s why you need that in Betfair.

      Reply
  19. Dave

    22. Jun, 2014

    Hi great site and advise have used and made a couple of bbet and up about £80. But have a couple of questions have noticed on a couple of bookies betvictor and betbutler that they use 90 minutes rule as betfair include stoppage time surely this means a risk that lose on both sides How do you cater for this? Also how do you approach the site only giving a free bet for a losing bet?

    Reply
    • Owen Burek

      25. Jun, 2014

      Good question, “90 minutes” is actually “Full time” and includes stoppage time.

      Reply
  20. hafi

    19. Jun, 2014

    HI
    I have just been introduced to this method of winning just recently. But i cant seem to understand how to lay my bets. Basically when i go onto the betting websites they give me three options W-D-W.

    Reply
    • Owen Burek

      20. Jun, 2014

      Yes, you can only lay bets on Betfair (red boxes). Please read the guide again :)

      Reply
  21. Ann

    18. Jun, 2014

    Hi
    Thanks for a great guide.
    Just to advise that Winner’s terms and conditions are showing qualifying bet must be for odds of 2.00 (evens) now though.

    Reply
    • Owen Burek

      18. Jun, 2014

      Thanks Ann, hard to keep up with them all at the mo!! Updated.

      Reply
  22. Andy

    18. Jun, 2014

    Hi Owen,

    Does the value of your liability (the amount you need in your Betfair account) increase as the size of the free bet increases?

    Thanks,
    Andy

    Reply
  23. BEN

    18. Jun, 2014

    Hi Owen,
    I’ve just placed a lay bet for Sunday (4 days away) and the majority of this is currently unmatched… (£18 if £18.82)

    Should I be worried? What’s the worst case scenario? Can I continue with the bet?

    thanks
    Ben

    Reply
    • Owen Burek

      18. Jun, 2014

      Ben please see my reply above to Alex Henshelwood.

      Reply
  24. Matt

    17. Jun, 2014

    Hi,

    Thanks for the amazing guide! :)

    Couple of questions though – I qualified for the Sports Winner free bet (deposited £25 and the bet has been settled) and now my free bet is in the form of 5 £10 tokens – two normal free bets of £10 I think, one double, one 5-fold accumulator, and one 4-fold accumulator. How do I match these bets?
    Also, do you know how I actually use the bet tokens? It’s not very clear on their website :/

    Thank you! :)

    Reply
    • Owen Burek

      18. Jun, 2014

      That’s weird, it should be £25 flat. What did it say on the signup page?

      Reply
      • Sarah

        20. Jun, 2014

        Yeah, it doesn’t state that on the terms and conditions, but I’ve just received these as well. They call two of the bonuses simply ‘free bet tokens’ but in fact, you only get one single free bet token, one double free bet token, one triple bet token, one x4 bet token and one x5 bet token. A bit cheeky. Is there any way of matching these, or should we just use them and hope for the best?

        Reply
        • Owen Burek

          20. Jun, 2014

          I’d contact them first refering to the terms of the offer you signed up for http://www.winner.com/en/free25/ It clearly says “a Free Bet” which implies single £25.

          Reply
          • Sarah

            20. Jun, 2014

            Bahh, it looks like we’ve signed up to the ‘bet £25 and get a free £50 in bets’ offer, which states: ‘Open an account with Winner Sport and when you deposit and bet £25 (or equivalent) or more, we will give you Free Bets of the same value up to a maximum of £50 (or equivalent).’.

            Is there any way of laying against accumulators, or do we need to just gamble and take what we can get now?

            Ps. this guide is absolutely fantastic. Thank you so much for the time and effort you must have put in to share this!

  25. Ben

    16. Jun, 2014

    Thanks Owen,

    one last one, what’s the best way of keeping track of where your bets are and where the “winnings” end up etc?

    Cheers
    Ben

    Reply
    • Owen Burek

      18. Jun, 2014

      I just use a simple spreadsheet to be honest, it’s the easiest method.

      Reply
  26. Ben

    15. Jun, 2014

    Hi

    Brilliant guide. Thank you! Just starting out

    A quick question. I know this is about taking gambling out of the equation, but could you technically use the qualifying bet to pen up the free bet, then not lay the free bet? At worst you wall away with nothing, at best you could win on decent odds? Is it just the difference between a lower guaranteed turn vs an uncertain higher return?

    Secondly I have just used my first £20 free bet (as per your guide! ) and the return should be about £13. Is this because the odds and therefore layer capital required are quite low (3.6)? How would I have got closer to the 95% return?

    Again many many thanks!
    Ben

    Reply
  27. Marge

    15. Jun, 2014

    Hi Thanks for all the info but I have a problem with the lay betting I am doing on some of the world cup teams. The lay odds are so high and therefore the liability is a worry. I assume anyway the liability amount has to be in my account to lay the bet is this correct? I am struggling with this having already put the back bets on. Any suggestions

    Reply
    • Owen Burek

      16. Jun, 2014

      Yes that’s right. Have you already placed the back bet but not the lay bet because you don’t have the funds? Is that right? I always suggest running the full calculations through the tool first to avoid surprises, and opt for lower odd prices if you’re worried about funding the liability.

      Reply
  28. Nigel Robinson

    14. Jun, 2014

    Hello
    Can I do this matched betting using an I. Pad only

    Thanks
    Nigel

    Reply
  29. B.T

    13. Jun, 2014

    I saw today using the tool on this page that in the Varese-Navaro match it showed a profit of around £26 using PP.

    Is it ever possible to make more money than the free bet value?

    Reply
    • Owen Burek

      16. Jun, 2014

      Can you remember what the odd prices were? It can happen but is very rare.

      Reply
  30. hannah

    13. Jun, 2014

    Hi Owen.

    Your guide is great. I’m just starting and your information is very helpful. I betted £5 on paddypower but have not yet received my free bet…how long does this usually take to come through?

    thanks

    Reply
    • Owen Burek

      16. Jun, 2014

      Once your first bet has settled usually. If not email or call them on 08000 565 275.

      Reply
  31. Alex Henshelwood

    13. Jun, 2014

    I just tried laying a bet on the exchange and half my bet seems to be unmatched and half matched, what does this mean? (have I messed it up?!!??)

    Reply
    • Owen Burek

      16. Jun, 2014

      If it’s unmatched on Betfair, it means that you’ve ‘offered’ the lay bet but there isn’t enough money being backed to cover you at the odds you chose. It depends how long you have until the match/event starts, as it could still be matched.

      If it’s not too late, I would suggest cancelling your matched bet and starting again making sure enough money is available at the different odds (look at the small £ number below the lay odds).

      You could wait until there’s more backing money and you’re remaining amount will be automatically matched, but there’s no guarantees here.

      If you can’t cancel or don’t want to wait, I’d probably go ahead and just accept the different odds but it’s really important that you do bet the full amount at Betfair so it cancels the risk with the bet at the bookmaker.

      Reply
  32. Chris

    13. Jun, 2014

    Barry, I’ve just been blocked from placing any bets at all with 888 now, presumably for the same reason although other than the £88 offer I’ve hardly used them, was planning to use them for their world cup offers but never got the chance! Ho-hum, off to the other bookies it is I suppose.

    Reply
  33. Sarath

    07. Jun, 2014

    HI Jack
    Pls explain why you should place a GBP2.84 whena minimum required is GBP10? I am a novice and appreciate if explained in simpler terms.
    Thanks

    Reply
    • Owen Burek

      11. Jun, 2014

      The minimum deposit on Betfair is £10, but you can place a smaller bet.

      Reply
  34. Barry

    05. Jun, 2014

    Hi,

    Thanks for the guide, I started using it in December & am currently showing a profit of just under £550.
    I would just like to share with you my experiences with 888Sport. I took advantage of the initial £88 free bet offer & at various time since have received details of additional bonus offers relating to Champions League, the Cheltenham Festival & the Grand National. With these I was able to take my total profit on free bets with 888Sport to £155.
    However I have now been informed by them that I will no longer be eligible to take part in any further promotions as in their words “we noticed that the way you have used your account with us, leads us to believe that your reason for joining our site was to take advantage of the bonuses we provide”
    Have you heard of this taking place before or with any other bookies?

    Reply
    • Jake Butler

      06. Jun, 2014

      Hi Barry, we haven’t heard of this before but as far as I’m aware they’re well within their rights to do this (as long as they’ve mentioned something along those lines in the T&Cs).

      It seems like you made a decent profit from 888Sport (more than just the £88 free bet) so I’d recommend moving onto other sites. As the world cup’s coming up there should be a few more bonuses about soon too :)

      Also, congrats on the £550 profit!!

      Jake.

      Reply
  35. micheal

    31. May, 2014

    I really wana know if anybody has used bet365 ‘cos I am about to make a deposit in my account but the conditions to unlocking the free bonus state that I bet all my deposit once. does anyone as a clue on this ?

    Reply
    • Owen Burek

      02. Jun, 2014

      I believe so, and you also need to wager the deposit AND free bet amount three times (eg. £200 dep + £200 free bet = £400 x 3 = £1200) before you can withdraw.

      Reply
  36. Martin

    30. May, 2014

    Is it possible to guarantee a profit on offers such as “Money back as a free bet (on losing bets) if Brazil win the World Cup” or ‘risk-free’ ones like “Money back as a free bet if your bet loses”?

    With that last one I’m looking specifically at Unibet’s current sign-up offer, which says they’ll refund your first bet up to £20 if it loses. I could treat the initial £20 bet as a qualifying bet and guarantee to make a small loss, but then there’s a chance I won’t get the free bet (if I win the back bet with Unibet and lose the lay bet) which would mean I ended up slightly out of pocket.

    Is it possible to adjust the lay liability such that I’ll make a profit if I win the back bet and lose the lay bet, and a loss (which I understand will be bigger than the loss if I used your spreadsheet and treated it as a qualifying bet) if I win the lay bet and lose the back bet? And if so, how do I go about working out the maths to maximise my profit? Do you have a spreadsheet for these kind of offers? I understand the net profit will vary somewhat depending on how much value can be extracted from the free bet.

    Reply
    • Owen Burek

      02. Jun, 2014

      If you’re looking for guaranteed profit I wouldn’t recommend these offers, as you say there’s a chance you won’t get the free bet and will end up with a small loss. You can’t fiddle the maths either, unless you find rare arb odds.

      If you are still tempted and willing to risk a (smallish) loss it’s probably worth picking higher back odds so there’s more likelihood the bet will lose.

      Reply
  37. Josh

    25. May, 2014

    Hi Jake

    When you talk about loss in the qualifying bet, is this the maximum loss that can occur from these bets. Secondly i can’t work out the outcome of your example bet if West Brom had won or drawn. I don’t understand if you are still in profit or loss.

    Thanks

    Josh

    Reply
    • Jake Butler

      27. May, 2014

      Hi Josh,

      With matched betting you lose a little bit on the qualifying bet and a little on the free matched bet (due to commission and the odds differences). But you obviously still make a profit at the end of the process.

      If you follow the instructions in the guide you are guaranteed to make a profit.

      In the example bet, if West Brom had won or drawn your winnings would be on Betfair.

      I hope this makes sense.

      Jake.

      Reply
  38. James T

    22. May, 2014

    Hi Jake,

    Is there anyway that you know of to claim a free bet on a site when you already have an account with them? It seems a lot of the time they are for new customers.

    Thanks

    James

    Reply
    • Owen Burek

      22. May, 2014

      Yep, keep a close eye out for emails from the bookies you’ve signed up with (I filter mine into a different folder) as they often send out existing customer bonuses.

      Particularly with big events like the World Cup and when you haven’t placed a bet for a while (to get you back).

      Reply
  39. James T

    20. May, 2014

    I’ve sussed where my calculations were wrong. Thanks.

    Reply
  40. James T

    20. May, 2014

    Hi Jake,

    The odds to Lay were 4.6.

    Thanks

    James

    Reply
  41. James T

    20. May, 2014

    Hi Jake,
    The odds I got were 4.2 for A Madrid to win.

    Thanks

    Reply
    • Jake Butler

      20. May, 2014

      Hi James, what are the odds to LAY an A Madrid win.

      Reply
  42. James T

    19. May, 2014

    Hi Mate,

    I have been looking through this system and was curious as to whether I am making an error somewhere. But basically, I came to calculations that on the decent match odds, regardless of whether it is a free bet, if I used higher amounts my profit would increase both sides quite a bit. In the sense that if I bet £200 on A. Madrid at 4.2 I will get a return of £840 including my stake. To Lay against this I need to have the liability in my account of £506.37. If A Madrid win I pay out the £506.37 I lost and also remove my £200 stake which leaves me with £133.62. If A. Madrid draw or lose, of an initial stake of £140.66. I get a return of £647.04 where I deduct the £200 i lost on betting on them winning and the £140.66 stake I placed leaving me a return of £306.38.

    Is that correct, I must be going wrong somewhere.

    Cheers

    Reply
    • Jake Butler

      20. May, 2014

      Hi James,

      You cannot make any profit without using a free bet. Otherwise we’d be on a beach in the Bahamas somewhere right now ;)

      If you let me know the odds you had for laying A Madrid to win I can do the calculations for you.

      Jake.

      Reply
  43. Louiebrown

    18. May, 2014

    I can’t seem to see the calculator any more? Has it been removed?

    Reply
    • Jake Butler

      19. May, 2014

      Hi, we’re just looking into improving it a little. It should be back today.

      We just had to fix a small glitch.

      Reply
  44. Adam

    18. May, 2014

    hi,

    i have a question regarding this.

    do these websites allow you to bet for and against yourself on the same site?

    for example:

    I have £10 of my own money:

    i want to bet on the champions league final coming up.

    i place a bet of £5.00 on Real Madrid and place a bet of £5.00 on Atletico madrid both to win.

    if atletico win i make £19.00

    if real madrid win I make £9.75

    therefore i only loose 0.25 in worst case situration.

    Do these websites allow you to do this? is it legal?

    Reply
    • Jake Butler

      19. May, 2014

      Hi Adam,

      Websites do allow you to do this as far as I’m aware.

      As long as there is not the possibility of a draw (eg do they count the result at 90 mins?) and you have your calculations correct then I cannot see anything wrong with this.

      Jake.

      Reply
  45. Tom

    18. May, 2014

    The automatcher isn’t showing any results, is anyone else having this problem?

    Reply
    • Jake Butler

      20. May, 2014

      Hi Tom, as it’s the end of the season there weren’t many games to choose from. This should be fixed now.

      Reply
  46. Louie

    16. May, 2014

    A hell of a lot of time for this, thank you very much my friend!

    Reply
  47. Dean

    10. May, 2014

    Hi Owen,
    Love the guide, made a few nice profits so far. Just a quick query. Would I be able to have numerous qualifying bets on the go at the same time, say around 5? would it matter if they were on the same event or would the match odds differ due to popularity? so say I have 5 free bets available and I put them all on the same event to have 5 times as much profit in one go will it work? or would a number of the bets end up unmatched as 5 lay bets would be from the same bet fair account. I have the means it’s just whether it would work.
    All the best

    Reply
    • Owen Burek

      12. May, 2014

      Yep should not be a problem, that’s what I did for some of them. Just treat each matched bet separately.

      Reply
  48. Jonathan

    07. May, 2014

    Hi

    Do you know how to take advantage of the many accumulator bonuses that are becoming popular with bookmakers?

    For example: Place a 4-fold accumulator bet and, whether. Win or lose, receive a matched bet of your initial stake. (Bet £10 on accumulator and get £10 free bet to use on anything)

    Is there a way to lay the accumulator for minimal loss and use the free bet to make a profit, like with normal matched betting?

    Reply
    • Owen Burek

      12. May, 2014

      I wouldn’t advise this as it can get very confusing and require a lot of money in Betfair.

      Reply
  49. Cheuk

    07. May, 2014

    Hi Jake, I have just tried the Ladbrokes Exchange instead of the Betfair ones. Ladbrokes gave me a £30 free bet to use on their Exchange, how can I maximum gain that £30 through matched bet? Can you show me how? Many Thanks.

    Reply
  50. Carlos V

    03. May, 2014

    Hi,

    Thanks for the guide. I am trying to use my free £20 bet but they have credited my account with 4 £5 free bets and so it seems that I can only use £5 free bet per bet…any help with this please?? Thank you,

    Reply
  51. Lim

    02. May, 2014

    Hi, does the matched betting work as a compound? Like do i keep rolling the money in lets say Paddy Power using the free £20 bet, or im making use of the free bets ONLY from different websites to get the profit?

    Reply
    • Jake Butler

      02. May, 2014

      Hi Lim, you can only use the free bets to make a profit.

      Reply
      • Lim

        03. May, 2014

        To clarify, it means its a one off thing? I can only profit once from all websites?

        Reply
        • Owen Burek

          06. May, 2014

          Yes, once per website or bookie when it comes to signup offers. However sometimes they often send out free bets to existing users to get them active again, especially with the World Cup coming up… so watch out.

          Reply
          • Lim

            06. May, 2014

            Okay noted, thanks for the tip :)

  52. Jon

    30. Apr, 2014

    Hi,

    Was just verifying my account with coral, and they informed me that the minimum qualifying odds for coral £5 for £20 free bet is 1.50, rather than the 1.20 shown in the guide. Just a heads up!

    Cheers,
    Jon.

    Reply
    • Owen Burek

      01. May, 2014

      Cheers Jon. They must have literally just changed that.. sneaky. Updated now.

      Reply
  53. Kerry

    24. Apr, 2014

    Hi guys,
    Can someone please help…… All of a sudden I cannot use the spreadsheet devised by Owen it will not allow me to enter any figures or move onto free bet. I downloaded it again to check but still I cannot enter any figures. Please help this spreadsheet is my bible :( !!!!

    Reply
  54. Will

    24. Apr, 2014

    Hi,

    Thanks, I’ll get in touch with them -what should I do if it is not able to be changed and i am left with the 4 x £5?

    Will:)

    Reply
    • Jake Butler

      25. Apr, 2014

      Hi Will,

      You can still use the 4 x £5 bets to make a profit. You simply have to treat them like 4 separate bets in the second part of the spreadsheet weith the stake not returned each time.

      Jake.

      Reply
      • D Briand

        29. Apr, 2014

        Hi Jake, mind explaining how to use the separate free bets to make a profit?
        This is really stupid of me – I used the first part of the spreadsheet to place the separate free bets, but this way I would end up losing money innit (albeit a small amount)? Please advise :(

        Reply
  55. Will

    24. Apr, 2014

    Hi Again,

    Ignore my question above I ended up just betting another £5 on paddypower and I know have the £20 free bet – only trouble is it’s in 4x £5 bets – What should I do- do 4 identical but separate bets on the same outcome?

    Thanks in advance,

    Will

    Reply
    • Jake Butler

      24. Apr, 2014

      Hi Will,

      As far as we’re concerned it should be a full £20 as this is what’s advertised on the sign up page.

      I’d recommend getting in touch with PP to as what they can do about it.

      Jake.

      Reply
  56. Will

    24. Apr, 2014

    Hi,

    So I just worked through the automatcher tool and placed £5 on elche at 1.66 (paddypower) and £5.09 lay bet (betfair) . Won’t I need to bet a full £10 to unlock the paddy power £20 free bet as when i placed the bet it still has the banner saying ‘we’ll give you 20 when you bet 10′ – what should I do? should I just randomly bet another £5 or will I only get the £20 free bet once the game has finished?

    Hope you can help,

    Will

    Reply
    • Jake Butler

      20. May, 2014

      Hi Will, if you went through our link it should have been £5 for £20. Did you manage to sort this out with Paddy Power?

      Reply
  57. Jon

    15. Apr, 2014

    Hi,

    Awesome guide, began yesterday with the qualifying bet for PP and making some profit today.

    However, I’ve been trying to get my head round something. Say, if West Brom had beaten Everton 2-1 instead of vice versa, how would the money be distributed between accounts?

    Obviously I will have lost the £10 from PP, so how much would there be in the Betfair account? To have losses of a few pence it would have to be about £20?

    Cheers, Jon.

    Reply
    • Jake Butler

      15. Apr, 2014

      Hi Jon,

      Your Betfair account would only have to have an amount just under £20 in it.

      The maths is a little complicated but the spreadsheet guarantees that it’ll work out every time.

      Jake.

      Reply
      • Jon

        15. Apr, 2014

        Hi Jake,

        Thanks for the quick reply,

        I think I’ve managed to work it out now, I had forgotten to add on the ~3.50 that would still be left in the Betfair account after the ~6.50 lay, which would take the balance up to just less than £20 for the betfair account.

        Awesome article,

        Cheers, Jon.

        Reply
  58. Colin

    15. Apr, 2014

    Hi, how much start up capital would you recommend to have before starting this?

    thanks

    Col

    Reply
    • Jake Butler

      15. Apr, 2014

      Hi Colin,

      For the smaller bets you would need around £150 at hand.

      For some of the larger bets (such as the £200 ones) you would need around £1000 in my experience.

      Jake.

      Reply
  59. Garth

    09. Apr, 2014

    Hi Jake, great guide! Just have a question about betfair, I signed up to them yesterday and so far have only used their website to do the lay betting in the exchange. I’ve seen noticed that they also match new customers up to 50 euro on their first bet. So my question is would I be able to place a 50 euro bet in their sportsbook section and lay it in their exchange section as outlined in your guide and then do the same to earn profit with their 50 euro matched bet?
    Hope that made sense.

    Reply
    • Owen Burek

      10. Apr, 2014

      Hi Garth,

      Unfortunately the two sites are connected, so registering on the exchange also gives you an account on their new sportsbook. The free bet there is for new customers.

      I just added it to the bottom of the table in case you and a friend wanted to share a matched bet ;)

      Reply
      • Garth

        10. Apr, 2014

        But since I am a new customer with betfair (as of yesterday) would I be correct in saying that if I where to place a 50 euro bet in their sportsbook, say juventus to win tonight for example, would betfair then give me a 50 euro free bet?
        Thanks for the reply!

        Reply
        • Owen Burek

          10. Apr, 2014

          Good question… I have a feeling that it might be just for those who sign up via the sportsbook, but it’s a new offer so I’m not 100%.

          I would contact them about it, they’re usually very helpful. And if you can let me know what they say that’d be great :)

          Reply
          • Garth

            10. Apr, 2014

            I contacted them and they said I have 30 days to place a bet ranging from 5 euro to 50 euro in their sportsbook section and they would match it :) Just wondering now would I be able to back 50 euro on a team in their sportsbook and then head over to the exchange and lay it there?

          • Owen Burek

            10. Apr, 2014

            Yep, can’t see any reason why not! The question was over whether you could get the free bet at all.

            That’s great news. Thanks for passing on the info, will help others.

  60. Colin

    09. Apr, 2014

    Thanks Jake, it makes perfect sense and now I’m jumping on the band wagon.

    Cheers

    Col

    Reply
  61. Colin

    08. Apr, 2014

    Hi Jake,

    I’m probably asking the most stupid question because I’ve never gambled in my life! On the Lay and Back principle, what happens if the teams draw?

    Cheers

    Col

    Reply
    • Jake Butler

      09. Apr, 2014

      Hi Colin,

      It’s not a stupid question, most people who do matched betting have (and never will) gamble.

      When you lay an event you are betting that it won’t happen. Eg. if I lay a team to win and they lose or draw, I win!

      Hope that makes sense.

      Reply
  62. Tom

    06. Apr, 2014

    Hi Jake,

    Great post! Already made some tidy profit using it! One question though.

    Is it not possible to (for example) just recreate another Paddypower account to get the free bets again? Then rinse and repeat? Because from what I have read, I am limited to one chance per betting company?

    Thanks in advance :)

    Tom

    Reply
    • Jake Butler

      07. Apr, 2014

      Hi Tom,

      The terms of the betting sites say that it’s only 1 account per person and setting up multiple accounts is in fact fraud.

      Jake.

      Reply
      • Tom

        07. Apr, 2014

        Thanks for the swift reply Jake!

        Wow, did not realise that! So you are limited to one free bet per betting company? So I can’t use Paddypower again now?

        How do I continue Matched Betting then if I run out of betting companies to take the free bets from?

        Cheers

        Tom

        Reply
        • Jake Butler

          08. Apr, 2014

          Hi Tom,

          That is correct. It would be nice if this was an infinite source of money but I’m afraid it isn’t.

          The best ways to continue to make profit are to:

          1. Leave your accounts unused and hope they try to lure you back with more free bets (usually around key sporting events *hint* World Cup)
          2. Search for other free bets from companies you haven’t signed up to yet
          3. Wait for new betting companies to emerge

          I hope that helps,
          Jake.

          Reply
  63. Dave

    05. Apr, 2014

    Hi Jake,

    Just went through the process of the 1st bet and received my £20 free bet from Paddypower however, the free bet has been given as four £5 bets as opposed to the £20 bet. Have you encountered this before? Cheers Dave

    Reply
    • Jake Butler

      07. Apr, 2014

      Hi Dave,

      Annoyingly PP changed the terms over the Grand National Weekend without letting us know.

      You can still make a profit though by using the second part of the spreadsheet 4 times as £5 bets instead of once with a £20.

      I hope that makes sense.

      Jake.

      Reply
  64. Harry

    01. Apr, 2014

    The formulas in your workbook are quite redundant. For example, Cell D17 of the qualifying bet, you have subtract D12 from 1, then times it by D11, but then you multiply that by 0, so it will always equal 0 no matter what. You then divide that by 100, so that’s going to be 0 too, and finally you subtract 0 from 0. The whole middle section of that formula can just be removed

    Reply
    • Jake Butler

      02. Apr, 2014

      Hi Harry,

      Does the spreadhseet work? Yes! Then there isn’t much problem is there?

      Good spot though.

      Jake.

      Reply
  65. Andrew

    31. Mar, 2014

    Hi Jake,

    I have an unused ’100% Initial Deposit Bonus’ up to £200 with Bet365.

    It says “To bet with your bonus, play through the amount of your qualifying deposit once on the sports and markets of your choice. You will need to rollover your deposit and bonus three times prior to making a withdrawal.”

    So would I do the first bet in your spreadsheet 3 times, then the 2nd bet, and then withdraw? Or another way?

    If I bet with the full £200, i’d be looking at very large collateral, so want to make sure I exploit it to the max/no risk.

    Thanks,

    Andrew

    Reply
    • Jake Butler

      31. Mar, 2014

      Hi Andrew,

      The Bet365 one does require a lot of upfront capital in order to get your profit.

      I guess the best outcome is to hope that while doing the rollover that the profit ends up in Betfair so that you can withdraw it and walk away.

      So, you need to place a bet of £200 with the first part of the spreadsheet.

      Then use the second part and put Stake not returned as 0 with the bonus.

      If this bet wins in betfair, you can withdraw your funds since no more follow up bets will be required.

      However, if it wins in Bet365 you will need to bets up to £1200 in order to be able to withdraw. You can match these follow up bets and they are obviously stake returned too.

      Jake.

      Reply
  66. Martin

    30. Mar, 2014

    Are you sure Titan Bet are legit? They’ve sent me an email requesting ID before I can withdraw anything (text below). None of the other sites have asked for anything of the sort on withdrawal, and there’s no reason why they should need it, right? I mean, what are they going to check a photo against? I don’t want to open myself up to identity fraud.

    Here’s what they had to say:

    We would like to inform you that, we have not been able to successfully determine your age and identity.

    In order to complete the process, please send us the items listed below so we can run a necessary security check on the documents requested.

    Either a copy of Passport, Birth Certificate or Driver’s License;

    The ID must display the following:

    • Photo
    • First and last name
    • Billing address as registered in the account
    • Birth date
    • Expiration date (if one is not present on the document please specify)
    • Signature

    Reply
    • Jake Butler

      31. Mar, 2014

      Hi Martin,

      They are 100% legit and a lot of sites do this. In fact Betfair asked me for my passport photocopy.

      They do it from time to time to verify that you are 18 or over.

      Thanks,
      Jake.

      Reply
      • Martin

        31. Mar, 2014

        Ok, thanks for the assurance. Great guide, by the way! Made around £150 in a week, with plenty more free bets to work through yet :)

        Reply
  67. Rich

    30. Mar, 2014

    Winner.com T&C’s “If there is evidence the terms have been breached and that customers are using free bets or other promotional offers to guarantee profits regardless of the outcome we reserve the right to void free bets or any bets funded by bonuses.”

    Is this something to be worried about?

    Thanks

    Reply
    • Jake Butler

      31. Mar, 2014

      Hi Rich,

      As far as we’re concerned you shouldn’t be too worried about this as it appears to be something they have put up to cover themselves.

      However, I cannot 100% guarantee that they won’t deny you your winnings. So the risk is yours.

      Jake.

      Reply
  68. Lauren

    30. Mar, 2014

    Ive been playing around with numbers in the spreadsheet. If i have a £10 free bet that is snr, but i bet £50 i make a much larger profit but have a huge lay risk. is the profit still calculated correctly, ie if i bet more money than the free bet but use the free bet as part of it, will i make a significantly larger profit or does it not work that way?

    Reply
    • Jake Butler

      31. Mar, 2014

      Hi Lauren,

      Unfortunately it doesn’t work this way.

      You can only make profit out of the free bet amount and nothing else.

      Jake.

      Reply
  69. Chris

    17. Mar, 2014

    Hi Jake,

    I just click the betfair (fixed odd) link you added recently, but it just go auto loged in with my betfair exchange account. Do I have to open a new account or what?

    Reply
    • Jake Butler

      18. Mar, 2014

      Hi Chris,

      Unfortunately you cannot use this offer as you already have a Betfair account.

      Sorry about that.

      Jake.

      Reply
  70. barry

    14. Mar, 2014

    Hi Jake,
    Is it necessary for you to wait for the result to come through before you place the free bet?

    Thanks
    Barry

    Reply
    • Jake Butler

      16. Mar, 2014

      Hi Barry,

      I would always recommend waiting for the results to clear before placing the next bet when doing matched betting.

      The majority of the sites require you to settle a bet before you can unlock the free bet anyway.

      Jake.

      Reply
  71. Stephen

    11. Mar, 2014

    Hi there,

    i just wondered with the new betfair £50 free bet would i have to make a new account separate from my exchange account or would i still get the free £50 bet if i just logged in?

    Thanks
    Stephen

    Reply
    • Owen Burek

      13. Mar, 2014

      Unfortunately the offer is only for new Betfair accounts, in otherwords the sportsbook and exchange are linked.

      Reply
  72. MKC

    11. Mar, 2014

    Hi jake,
    So basically in a way your turning that free bet that (let’s say £20 that isn’t worth actual money (eg.cannot be spent in shops )) into real money?
    Obviously like you said in the guide with the expectation of loosing the 5% commission and the odds are slightly out on site to site…

    Is that correct?

    Sorry if this question has already been asked but there are a lot of questions on here :) lol

    Thanks
    MKC

    Reply
    • Jake Butler

      11. Mar, 2014

      Hi MKC,

      You are correct.

      You can usually calculate the profit you’ll make from a free bet by taking a few quid off the free bet percentage.

      Jake.

      Reply
      • MKC

        12. Mar, 2014

        I see! I’m begining to understand this now…
        Just one more question, like in the example paddy power offered £20 free bet only WHEN you bet £10… So you use this £10 to activate your free bet..
        My question is: Do all sites offer this? Bet so much and get a free bet of £x. Or is this where reading the terms and conditions come in?
        MKC

        Reply
        • Jake Butler

          12. Mar, 2014

          Hi MKC,

          Most free bets (like the ones in the table at the bottom of this guide) are similar to Paddy Power.

          If they aren’t, we’ve written mini guides to help you out.

          Jake.

          Reply
  73. Joao

    10. Mar, 2014

    Hello,

    Thank you for this excelent guide. My question is are these websites going to give free bets to existing customers? Has that ever happened to you? Because if not we are talking about a limited resource of money.

    Hope to hear from you soon,
    Joao

    Reply
    • Jake Butler

      10. Mar, 2014

      Hi Joao,

      You are correct, matched betting is a limited pot of money. It would be nice if you could go forever.

      After taking advantage of the first set of bets you may be sent further free bet promotions from the sites in future though.

      Jake.

      Reply
  74. Rich

    06. Mar, 2014

    Hi Jake

    Apologies if this is a dumb question or if it has been answered already. I have scanned the posts.

    Winner sports betting are currently offering a free bet up to £200. I have read the terms.

    (see free bet terms on Winner site).

    How will they know if we are matching on an exchange? is it something to be worried about?

    also if i deposit and bet £200 as my qualifying bet and it loses on the winner site, i assume i will still get the free bet? If the same happens with the bonus,am i right in thinking my initial deposit and bonus is now in the exchange account?
    How does that fit with the requirement to bet through the initial deposit and free bet 6 times within 30 days?
    Will it have any effect on anything?
    i realise that the deposit and free bet would have lost and therefore i can’t bet through 6 times? Is there something i am missing?
    Thanks for all your advice
    Rich

    Reply
    • Rich

      17. Mar, 2014

      Mine just gets ignored then.

      Reply
      • Jake Butler

        18. Mar, 2014

        Hi Rich,

        I did reply but not sure what happened. Please see the reply I’ve left now.

        Sorry about that mate.

        Jake.

        Reply
    • Jake Butler

      18. Mar, 2014

      Hi Rich,

      Here is a reply that I thought I had already left….

      Basically it’s up to you whether you want to take the risk on this. They shouldn’t know that you are matching on an exchange and as far as I can see these terms are just there to protect themselves just in case.

      When they mention the deposit + free bet they actually mean the amount (not the actual money you put in).

      It’s worth noting that if all of your winnings end up on Betfair on the free bet or one of the rollovers that you should withdraw it from there…

      I hope that helps.

      Jake.

      Reply
      • Rich

        20. Mar, 2014

        Technonlogy!?!Thanks jake

        Reply
        • Jake Butler

          20. Mar, 2014

          Haha, can’t live with it, can’t live without it!

          Reply
  75. Angel

    01. Mar, 2014

    Hi Jake,

    For the Bet365 offer of a £200 free bet when you deposit £200, would I be correct in assuming that if I back a bet with high odds, lets say 5.0 – 6.0 and lay that on Betfair, that then if the team I’ve backed lost I would be able to cash out the profit (£160 for odds of 5.0) on Betfair without having to go through the turnover on Bet365?

    Angel

    Reply
    • Jake Butler

      02. Mar, 2014

      Hi Angel, that’s correct.

      Fingers crossed for the right result.

      Reply
  76. Tom

    28. Feb, 2014

    Hi Jake,

    I’ve made over £300 (Thankyou!) up to now and I started to go onto the ‘advanced matched betting’.

    I have a quick question regarding the net bet £100 offer.

    I deposited £200 to unlock the £100 bonus and bet the £200 which was settled in Netbet leaving me with £466 (£100 of this the bonus). I then bet the £300 using the second page of the spreadheet and this was setlled in betfair (Leaving me with £166 in Netbet) I deposited £150 into netbet to cover the next £300 bet and this again was setlled in Betfair.

    I now have £16 in my Netbet account and a chunky amount in Betfair. By the looks of it, the bonus (apart from £16) is technically in betfair, is this correct?

    Thanks,
    Tom

    Reply
    • Jake Butler

      02. Mar, 2014

      Hi Tom, I answered the question in reply to your Facebook comment instead.

      I’d withdraw the money at this stage if I was you.

      Reply
  77. Christine

    26. Feb, 2014

    Hi Jake,

    Further to my comment of 10/02, I’ve made £321 now since I started on the 9/02.

    Thanks a million for your guide and getting me into this.

    I’ve still got many free bets to go, I got a £250 free bet bundle with PaddyPower which is excellent.

    Happy days !!! :-)

    Christine

    Reply
    • Jake Butler

      26. Feb, 2014

      Hi Christine,

      Amazing! It’s comments like this that make what we do all worth it.

      I’m so glad you stuck with it rather than dismissing it as some do. It is almost too good to be true so thanks for trusting us.

      Nice work on the Paddy Power free bets and I hope you can make more and more profits.

      Jake.

      Reply
  78. Hamish

    24. Feb, 2014

    Hi

    I’ve downloaded your spreadsheet tool however nothing happens when I click the ‘Continue to Bet 2′ button… So I cannot progress! I think it might be because I’m using a spreadsheet program called OpenOfficeCalc. and it may not allow this button function. If this is the case, could you explain the maths to me so I can just to the calculations myself?

    Thanks.

    Reply
    • Jake Butler

      25. Feb, 2014

      Hi Hamish, I would love to help you with the formulas but the 1st and 2nd part of the spreadsheet differ quite a lot and I cannot explain the calculations simply.

      Is there a tab at the bottom of the OpenOfficeCalc.? You could try clicking through to the second page via the tabs rather than the button.

      Let me know if that solves the issue.

      Thanks.

      Reply
  79. Owen

    20. Feb, 2014

    Thanks for the reply. Another quick question, am i right in saying that the lay risk you have to deposit into e.g betfair will not be lost in any way?

    Reply
    • Jake Butler

      20. Feb, 2014

      Hi Owen,

      You can potentially lose the lay risk but if you do it would mean that your bet on the bookie site (eg. Paddy Power) would have won. These winnings will cover the lay risk loss.

      I would suggest reading the guide again if you feel there is anything you are unsure about.

      Reply
  80. Owen

    19. Feb, 2014

    Hi,

    Would I be right in saying that this technique is only used for free bets and that I wouldnt be able to use my winnings in another bet with the same company with this technique?

    Thanks

    Reply
    • Jake Butler

      20. Feb, 2014

      Hi Owen, that’s correct. The only way you can use this method twice with the same company is to leave your account and hope that they offer you a free bet in future to entice you back.

      Reply
  81. Matt

    18. Feb, 2014

    Hi Jake,

    Firstly, let me say thank you for a very well written and helpful guide! I have started to work my way through the offers and bar the delays with the security information, it’s going well.

    However I did have a quick question in regards to the ‘refunding losing bet offers’. For example if I use BetDaq”s mobile offer where they refund your first (up to) £25 mobile bet if it loses.

    Am I correct in thinking that this does not need to be matched in the first instance, only if it loses, as the qualifying bet is the loss of the £25?

    Thanks in advance!

    Matt

    Reply
    • Jake Butler

      20. Feb, 2014

      Hi Matt,

      Thanks for the feedback! Sorry about the late reply.

      You are right! The qualifying bet is typically used to unlock the free bet but if you are offered it straight away you won’t need to qualify.

      Hope that helps.

      Reply
      • Matt

        22. Feb, 2014

        Hi Jake

        I thought I had it but I can’t seem to make my numbers work out. Could you provide me with an example please? Using Sportingbet’s free £50 returned bet if your’s loses.

        Is this usable with the spreadsheet, how exactly would I have to bet to make sure all outcomes are profitable?

        https://www.sportingbet.com/offers/main/offers_sports.aspx?useraction=register&w=1

        Thank you in advance.

        Matt

        Reply
        • Jake Butler

          24. Feb, 2014

          Hi Matt,

          It is a tricky one. I have tried to simplify it as much as possible below…

          You must use the first part of the spreadsheet and either of the outcomes below will happen:

          1) If you back a win on SportsBet you will make a profit of £X and lose the liability (Y) on Betfair. The difference between £X & £Y will be your profit.

          2) If you lose on SportsBet you will make profit on Betfair and then be given a £50 free bet on SportsBet.

          If outcome 1 occurs you can withdraw your winnings. However, if outcome 2 happens you will then need to use your £50 free bet refunded on the second half of the spreadsheet in order to make a profit.

          I hope that clears things up a little.

          Reply
  82. Christine

    10. Feb, 2014

    Hi Jake,

    Many thanks for your reply to my questions of 29/1/14 and your excellent guide.

    I have got my head around this now and have just made £54.17 profit with my 1st 2 free bets (£50 from Betfair and £25 from Winner).
    As the £50 free bet was with Betfair I layed it with Betdaq who only charge 3℅ commission.

    I’m looking forward to working my way through the free bets.

    Do you have any idea when you will you will finish the mini guide on the rollover bets ? Some seem quite complicated and a mini guide on them would be really helpful particularly if it’s as good as your main guide.

    Many thanks
    Christine
    I am also waiting to see if I get the £15.75 cash back for Betfair.

    Reply
    • Jake Butler

      10. Feb, 2014

      Hi Christine,

      Excellent work! Sounds like you have got to grips with the system and it’s working for you. That’s what we made it for.

      We have a few mini guides on some of the rollover bets. You just have to click the “claim now” on the table to get to them.

      I would recommend working your way through all of the offers in the table first. The 888Sport one is a little tricky and a great way to learn about the rollovers.

      When you have completed all of the offers in the table, feel free to message me again and I can point you onto some more :)

      Enjoy.

      Reply
  83. Tom McCusker

    05. Feb, 2014

    hi, would it be possible to turn this into an app for android.
    would be useful to have without needing an office suite.

    Thanks

    Reply
    • Jake Butler

      09. Feb, 2014

      Hi Tom,

      We have been looking into options for expanding the guide and adding new features like this.

      The only thing is that it’s quite tricky to do without an office suite.

      Reply
  84. Christine

    29. Jan, 2014

    Hi Jake,

    Do you recommend registering with Betfair through Topcashback as they are offering £15.75 cashback if you open a new account with a deposit of £10 and make a bet of £10.
    Betfair then say they are offering a free £50 bet but you have to place a minimum sportsbook bet of £5 at odds of at least 1.2. This has to be done within 30 days
    It says exchange bets are excluded from this promotion.
    What is the difference between sportsbook bets and exchange bets?
    I see in the guide that you say you need to click on Exchange or Go to exchange at Betfair.
    Also for the cashback the bet with Betfair needs to be £10, in your example using Paddypower the bet with Betfair only comes to £6.23.How much would your qualifying bet need to be for the lay bet with Betfair to be £10 and therefore qualify for the cashback?
    Hope these questions make sense.

    Many thanks
    Christine

    Reply
    • Jake Butler

      29. Jan, 2014

      Hi Christine,

      You have some awesome questions here. I’ll try my best to answer them all for you.

      You can claim cashback if you want to. We just don’t mention it as a lot of players will already have accounts set up and it would add to the confusion of the guide…

      Exchange bets are the ones where you bet against other people (as opposed to the company). Unfortunately, this is the only way that you can “lay” bets. However, you can use the Betfair Sportsbook as a free bet… Just imagine the Sportsbook and the Exchange as two seperate sites, if that makes sense?

      You are right about the cashback requirements. This is another reason why we don’t mention it (they always change too). I would suggest playing around with the spreadsheet to see how much you’d need to bet on Paddy Power for the Betfair bet to be over £10.

      I hope it all works out!

      Jake.

      Reply
  85. James

    26. Jan, 2014

    Hi Jake, first of all great post.

    What i am wondering is why in the speadsheet there is no box for commission taken by the bookies on the back bet. I see that there’s a box for commision on the lay bet but why none on the back bet?

    Cheers/

    Reply
    • Jake Butler

      27. Jan, 2014

      Hi James,

      Cheers for the comment about the post.

      The reason that there’s no commission on the back bet is because it’s only Betfair that take commission.

      Hope that helps.

      Jake.

      Reply
      • James

        28. Jan, 2014

        Thanks Jake,

        I have figured it all out now. Thanks for taking the time to help people out. Means a lot!

        James

        Reply
  86. Brian

    25. Jan, 2014

    Hi,

    Thanks for these great tips. I have used them to great effect. I was wondering if you have an explanation for the larger rollover bets? I see that some people have tried them ,but I still don’t understand.

    Thank you,

    Brian

    Reply
    • Jake Butler

      27. Jan, 2014

      Hi Brian,

      They all differ so you need to read the T&Cs.

      What they generally do is make you bet the free bet amount multiple times in order to unlock the free bet or to withdraw your winnings.

      All it means is using the qualifying bet or free bet part of the spreadsheet multiple times.

      We are currently working on writing mini guides for some of these large rollover bets.

      Jake.

      Reply
  87. lee

    22. Jan, 2014

    yeah i thought about doing the 5 bets at £25 but when i spoke to them they said that one of them would still have to lose for me to get a free bet so i decided just to leave it. i think i only lost 1 or 2 pound on it though so no problems.

    I have just seen that paddy power have an offer on which isnt on your list it is bet £10 and get £20 free.

    Reply
    • Jake Butler

      22. Jan, 2014

      Yes, we do list the Paddy Power offer in the guide. It’s not in the table because we use it for the tutorial guide!

      Reply
  88. Jason

    20. Jan, 2014

    Came across this in the T&C’s for Winner.com and have seen it elsewhere:

    “If there is evidence the terms have been breached and that customers are using free bets or other promotional offers to guarantee profits regardless of the outcome we reserve the right to void free bets or any bets funded by bonuses.”

    Anyone worried about this?

    As long as were using a different company’s site to place the lay bet then there should be no way of them knowing that were matched betting, unless they’re communicating with each other (doubtful).

    I don’t know of any other way to make guaranteed profits.

    Just a thought.

    Reply
    • Jake Butler

      20. Jan, 2014

      Hi Jason,

      It should all be ok. As you said, they have no real way of proving anything. As well as this, matched betting is pretty much accepted in the betting industry (as shown by the quote from William Hill in this guide).

      There are a couple of other ways to make guaranteed profits but I’d say that these T&Cs are just to cover them for most eventualities.

      Good luck.

      Reply
      • Jason

        22. Jan, 2014

        Cool beans.

        Just reached my first £100! Thanks for your response and for the guide itself!

        Reply
  89. lee

    19. Jan, 2014

    Boyle are saying that they will only give me a free bet if my bet loses?

    Reply
    • Jake Butler

      19. Jan, 2014

      Hi Lee,

      It seems as if Boyle have changed their T&Cs since we posted this.

      However, if you win the bet, there is still another way to get a free bet.

      - you will need to place 5 (£25) bets at odds of 2.0 or above. These all need to be done with the first part of the table. You’ll then be given a free £25 bet to use.

      With all of this in mind I have removed them from the table for now.

      Thanks.

      Reply
  90. Dominic

    19. Jan, 2014

    Hi,

    Are all the websites listed tested and legitimate?

    Thanks

    Reply
    • Jake Butler

      19. Jan, 2014

      Hi Dominic, all of the sites are tested and legitimate. As Owen has mentioned, he went through the whole process himself.

      Reply
  91. Pearse

    13. Jan, 2014

    Hi there,

    I’m just trying to get my head around the whole process. I’m fairly sure I understand why it works with free bets, but I’m trying to work out why the same process doesn’t work without the free bets. I’ve tried using the spreadsheet so that the SNR is £0 and it still says that a profit is made. Will this be the case? Why/Why not?

    Thanks :)

    Reply
    • Jake Butler

      13. Jan, 2014

      Hi Pearse,

      I can guarantee that this doesn’t work without the free bets.

      I’ve copied something I wrote in another comment that explains why:

      “If you were to use your own money and match the bet (using step 2) then you’d lose money every time due to betting sites taking a commission and the fact that the odds do not match up 100%. I wish it was possible but unfortunately it isn’t.

      Remember that you will have to put the money up yourself in place of the free bet…

      The best way to maximise your porfit is to take advantage of all the free bets in the table at the bottom of this page.”

      Hope that helps.
      Jake.

      Reply
      • Pearse

        13. Jan, 2014

        Thanks Jake,

        Is it possible then to increase your winnings by adding money along with the free bet? So if you had a £10 free bet for example to add another ten to that and just alter the spreadsheet accordingly?
        Thanks

        Reply
        • Jake Butler

          14. Jan, 2014

          Hi Pearse,

          Unfortunately that doesn’t work either.

          Think about it this way… when you use your own money on the qualifying bet (in order to free up the free bet) you actually lose a little bit.

          You can only use the free bet amounts to make a profit from I’m afraid.

          Reply
  92. Chris

    09. Jan, 2014

    Hi, Jake, are there any other exchange sites you can recommend?

    Reply
    • Jake Butler

      10. Jan, 2014

      Hi Chris,

      There are a lot of sites not mentioned here simply because their free bet T&Cs are so complicated. If you’re willing to put in the time and effort to read all their T&Cs then I have a list of a few more sites offering free bets below:

      - NetBet
      - 888 Sport
      - Betway
      - BWin
      - BetButler
      - Bet365

      Good luck!

      Reply
  93. lee

    09. Jan, 2014

    Theres is currently a better deal for titan on there website, it is now £35 instead of £25.

    Reply
    • Jake Butler

      10. Jan, 2014

      Hi Lee,

      I cannot find the £35 bet. Could you send me the link so I can look to add it.

      It’s also worth noting that they are currently offering a £100 free bet but I have yet to get the full T&Cs from them yet so have held off from posting it.

      Thanks.

      Reply
  94. ellis

    02. Jan, 2014

    I am getting myself a bit confused.. how did you manage to make over £1000 doing this when there are only 13 betting websites that you have displayed with a profit of around £15 on each surely thats £180? Where am i going wrong with this?

    Reply
    • Jake Butler

      04. Jan, 2014

      Hi Ellis,

      There are over 40 websites with free bets (some with £250 to be made) but we are yet to list them as they are a little complicated.

      Over time we will be adding these to the list as this is where the extra profit can be made.

      For now I would suggest researching the online betting companies in the UK (that you haven’t used already) checking if they have a free bet, reading the T&Cs and then using them.

      Best of luck!

      Jake.

      Reply
  95. Chris c

    29. Dec, 2013

    Hi all ,

    Thank you for all the great information .

    I have followed the guide and have bets on Everton v Southampton today at paddy and bet fair.
    £10 on Everton This releases £20 free bet from pp which is on Newcastle v arsenal and layer at bet fair.

    I have a free ap on my I phone which is the same as your calculator but I can’t find an I pad compatible spreadsheet to record bets made and keep track of profits . As I think was mentioned yours has been locked ?

    The above makes something like £13 but would be good to have a log before placing more bets without seeing the numbers stacking in my favour

    Thank you

    Reply
  96. Cameron

    20. Dec, 2013

    Hi Jake, I’m struggling to find the lay option for betfair, using the QPR v Leicester game as an example could you help me find it.

    Reply
    • Jake Butler

      22. Dec, 2013

      Hi Cameron,

      Sorry, I realise I’m a bit late on this one.

      Did you follow all the instructions above on how to find the lay bet?

      “find the [...] lay bet on Betfair.com (the red box, 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“.”

      After you are in the exchange you simply go into the “full market” for the game you are betting on and then lay the result that you bet for on the bookie site (ie. Paddy Power).

      I hope that makes sense.

      Jake.

      Reply
  97. Angelo

    17. Dec, 2013

    Hi,

    Just curious whether this method works for accumulators? If you create an accumulator of under/over 2.5goals and put money down against the exact accumulator on bet fair could you potentially be creating very very large odds? Therefore, meaning more return? Im not sure whether i’ve confused myself with this.

    Hope this question makes sense!

    Thanks for your time

    Reply
    • Jake Butler

      18. Dec, 2013

      Hi Angelo, great question.

      It is possible to use this method on accumulators but it’s extremely complicated and all in all not worth it.

      I would suggest sticking to the tried and tested technique.

      As soon as you try accas, you’ll have to spend ages trying to find matching odds.

      Don’t forget that you will never get a return larger than the value of the free bet. The only thing you’re doing by choosing larger odds is decreasing your losses (but only by a few pence).

      Hope that helps mate.

      Reply
      • Angelo

        19. Dec, 2013

        Hi Jake,

        Thanks for the info! Much appreciated!

        Reply
        • Jake Butler

          19. Dec, 2013

          No worries, good luck with the matched betting.

          I just added a few more sites to the table at the bottom of the page too so even more profit ;)

          Reply
  98. LS

    17. Nov, 2013

    Hi
    The skybet free £5 bets every week are only awarded if you place a £5 accumulator.
    I am wondering how do I lay this? Or is it not possible?
    Thanks

    Reply
    • Jake Butler

      17. Nov, 2013

      Hi Lucy,

      Thanks for bringing this to our attention. It appears as if the terms have recently changed so we have made sure that it’s removed from the table.

      Jake.

      Reply
  99. Graeme

    09. Nov, 2013

    Hi Jake, thanks for making this guide.

    I am right in thinking you always use betfair to lay the odds on every bet?

    You just go from different bookie to different bookie for the stake bet to get the free bet?

    Does that make sense?

    Thanks

    Reply
    • Jake Butler

      10. Nov, 2013

      Hi Graeme,

      You are correct.

      You must use Betfair to lay the best each time as they are one of the only sites that allow you to do this.

      Then you simply use each other betting sites free bets (eg. Paddy Power, Betfred, 188Bet etc etc).

      Hope that helps.

      Jake.

      Reply
  100. Hatch

    06. Nov, 2013

    Hi there

    Can you only use each sites free bet once if you get me? Or are these promotions which come up to anyone anytime

    Thanks

    Reply
    • Jake Butler

      06. Nov, 2013

      Hi,

      Unfortunately you can only use each free bet once per customer… obviously you could help out friends and family ;)

      The only other way to get more free bets is to leave your accounts idle and wait for a promotional email offering you another free bet (does happen time to time).

      Also, look out for offers such as “download our app for a £20 free bet” etc.

      Hope that helps.

      Reply
  101. Paul

    06. Nov, 2013

    Hi Jake,
    Just started using this guide and loving it! I have received a free £5 from Betfair if I place a £10 bet. Just wondering the best way to make this work for me with regards the system you have shown as the guide is placing the free bet with the other sites. Thanks

    Reply
  102. roger

    29. Oct, 2013

    hi has anyone used the cash out feature of betfair. i was watching one of my bets and it was saying if i cashed out i could make a profit (i assume on the bet as placed) but i cant seem to get my head around if it does or not in the free bet scenario- can any one out there explain if it does or not

    Reply
    • Jake Butler

      30. Oct, 2013

      Hi Roger,

      This is a superb question!

      It’s not an easy one to answer or explain but I’ve given it some thought.

      Basically, I would only use the cash out feature if the “cash out profit” is higher than the potential return shown in the table. Here’s the scenarios with cashing out early:

      1. You cash out at a lower rate than the odds you betted with: In this case the event outcome is unlikely to change and therefore you won’t win anything on the other betting site, leaving you worse off. The event outcome may change since cashing out on Betfair and in that case you would end up potentially winning on both sites. However, this is betting and adds the risk back to it (which defeats the point of matched betting).

      2. You cash out at higher odds than the original bet: You would end up getting a higher return but as far as I’m aware you probably won’t ever get cashout odds better than the original odds.

      So you can make a profit when cashing out but the point is that that profit is likely to be less than if you wait for the outcome of the match.

      I hope that makes sense.

      Jake.

      Reply
  103. James

    23. Oct, 2013

    With ladbrokes, the free £10 snr bet I only seem to be making around £4? How can I make it bigger?!

    Reply
    • Jake Butler

      23. Oct, 2013

      Hi James,

      As the Ladbrokes free bet is split up into 3 x £10 bets the return is unfortunately a little less as you do lose a little each time you use the free bet. However, there are a couple of ways to increase the profits:

      - Look for bets that are 3/1 or above
      - Use bets that have the closest matching odds (the smaller the difference the higher the return)

      It’s not always easy to find these bets but putting a little extra time into finding them can be worth it for the increased return.

      Jake.

      Reply
  104. Bob

    20. Oct, 2013

    Hi Jake,

    Brilliant article/tutorial. Followed the steps all the way and I’ve made a profit. So does that mean I can skip the ‘qualifying bet’ part, rather than sign up everywhere else and just focus on paddypower/betfair & use my own money for every step of the way. (e.g. Put my own £20 or more to back on PaddyPower, then of course lay the bet on Betfair to make a profit) – by using ‘page 2′ spreadsheet you’ve provided above.

    If so, that would mean I’d have to change the ‘SNR’ from the pre-set £20 to £0?

    Reply
    • Jake Butler

      21. Oct, 2013

      Hi Bob,

      Thanks for the comments on the article. It took Owen a long time to write and I was happy to help.

      Unfortunately you can only use free bets to make money from this method. To put it simply… you can’t use PaddyPower to make profit again unless they offer you another free bet.

      If you were to use your own money and match the bet (using step 2) then you’d lose money every time due to Betfair taking a commission and the fact that the odds do not match up 100%. I wish it was possible but unfortunately it isn’t.

      The best way to maximise your porfit is to take advantage of all the free bets in the table at the bottom of this page.

      Hope that helps.

      Jake.

      Reply
  105. roger

    18. Oct, 2013

    Hi just checked the T&Cs of the 118bet offer and it is not as described on the link, you have to wager your £50 five times before the bonus is paid

    Reply
    • Jake Butler

      21. Oct, 2013

      Hi Roger,

      The T&Cs to this bet appear to have changed since we posted the offer. Thank for giving us a heads up! We’ve now changed it to reflect the new T&Cs.

      Thanks again,

      Jake.

      Reply
  106. James

    15. Oct, 2013

    Also on betfair, what if no other punter takes the lay bet? it basically stops and returns your bet and you could be down?

    Reply
    • Jake Butler

      16. Oct, 2013

      Hi James,

      This is an issue with the matched betting but it rarely causes and issue. You just need to make sure that there is enough money in the backing pool (underneath the odds) when you select “full market.”

      I really don’t understand why they make it so difficult…

      Hope that helps.

      Jake.

      Reply
      • James

        16. Oct, 2013

        Where is the full market option?

        Reply
        • Jake Butler

          16. Oct, 2013

          Hi James, it should be under the odds boxes as a link.

          Reply
          • James

            17. Oct, 2013

            Cheers mate, can i add my own money on top of the free bet to win more with the profit margins? (as long as i lay more back)

          • Jake Butler

            17. Oct, 2013

            Hi James, unfortunately you cannot do this either. You can only make money when using the free bet amount.

  107. Jun

    14. Oct, 2013

    Does it matter if the Free Bet is returnable or not?

    Reply
    • Jake Butler

      15. Oct, 2013

      The free bet stake is generally not returned. You’d be lucky to find one where it is.

      However, this is not a problem.

      Reply
  108. mike

    08. Oct, 2013

    hi jake sportsbetting will match a 50 bet if it looses..i backed it snyway and my bet did loose so got the free bet.

    Reply
    • Jake Butler

      09. Oct, 2013

      Nice one. Maybe I’ll look into this extra free bet. However, it’s a bit of a risk of you end up winning. We tried to keep it to guaranteed wins as we don’t like to think of it as gambling in any way.

      Reply
  109. michael

    05. Oct, 2013

    guys how do you obtain your free bets on sites that need you to loose your first bet to get the matched deposit bonus?

    cheers

    Reply
    • Jake Butler

      08. Oct, 2013

      Hi Michael,

      I am not sure that I 100% follow you on this.

      Which site are you talking about in particular? As far as I’m aware there are no sites that require you to lose your first bet in order to get the matched deposit bonus.

      Thanks,

      Jake.

      Reply
  110. Michael

    01. Oct, 2013

    Yeah it went through the second time! I’ve noticed that sometimes it breaks up your lay bet into different amounts with different stakes, it’s happened before but recently it came up with this unmatched option with a ‘in play’ component. Have u seen this before and do u know whether u should keep the bet? Thanks Owen

    Reply
  111. michael

    30. Sep, 2013

    hey guys

    just wandered how you get around withdrawing your funds from betfair? as they dnt let you transfer funds into your bank account that exceed the amount you deposited with your card

    regards

    mike

    Reply
    • Owen Burek

      01. Oct, 2013

      You should be able to! Otherwise noone would be able to take their winnings out. Just checked their FAQs and says you can’t withdraw money to a card if it’s less than the deposit made, not more. Best asking them if you can’t.

      Reply
  112. Paul

    27. Sep, 2013

    This matched betting sounds like the way to guaranteed profits.

    Reply
  113. Michael

    26. Sep, 2013

    Thank you Owen that’s a great help I’m learning more about it now and hopefully will have some profit by next week! What I would like to know is if there is a list of initial free bet bookies that don’t have the more complicated terms such as rolling bets etc. I will do these but for now I would just like to keep it simple. I have found freebetsforall.com useful but there are quite a few listed their that have some rules on the free bets such as it has to lose or you get an average free bet for the average stake of your first five bets etc? Have u found that some bookies don’t let you withdraw the profit made from free bets? Thank you for answering all these questions!

    Reply
  114. Michael

    25. Sep, 2013

    I also wandered if it is best to leave the money in the accounts and if so which ones and why? Thank you

    Reply
    • Owen Burek

      26. Sep, 2013

      If you’re going to be matched betting for a while, it can be good to have some money in Betfair, but not essential as you can always deposit more. Otherwise always withdraw from the bookies as soon as you can!

      Reply
  115. michael

    23. Sep, 2013

    Hi guys,

    sorry but i can’t seem to find the controls on betfair to see the “back” and “lay” options..it’s all just 1-x-2.. i assumed that 1 means that i am backing and 2 means that i am laying? i dnt think this is right though?

    Reply
    • Owen Burek

      24. Sep, 2013

      Ahoy Michael,

      Are you definitely in the Exchange? See step 5 in the guide. If you are and still can’t see the red lay boxes, click the cog top right of the screen which allows you to toggle display options including lay bets.

      The 1-X-2 does not relate to backing/laying, it essentially means: HOME TEAM WINS – DRAW – AWAY TEAM WINS. Ie. who you’re betting on.

      Reply to this comment if you need anymore help.

      Reply
      • Michael

        25. Sep, 2013

        Hi Owen yeah I’m sorry I wasn’t looking properly and didn’t click on the exchange link in the top left hand corner. As it turns out I backed another team so I didn’t cover for a draw! It’s ok though I got lucky and one team won giving me a small profit at the bookie (£12) I now placed the free bet but I have a further question..
        I understand how you make a profit at the bookie if the team u back wins.. but I don’t understand how the lay bet works if it wins? Do I get the ‘stake’ amount as profit if the lay bet wins? As I thought the stake was money I already had in my bet fair account :p ?? Thank you for your help!

        Reply
        • Owen Burek

          25. Sep, 2013

          Glad to hear luck was on your side, but it’s really important to make sure you fully understand the process as outlined in the guide to avoid mistakes and losing money. That’s why it’s good to ask questions and I’m happy to answer them ;)

          If the lay bet wins (at Betfair) you win the LAY STAKE amount (minus commission), which is basically what someone else placed to back that outcome, whilst you bet against it so you win their money.

          The money that you risk at Betfair, and will have to place for the lay bet is the LAY RISK amount.

          Hope that helps.

          Reply
  116. Sandro

    09. Sep, 2013

    Hi i’m from México, but i can’t registre on paddypower ir coral, there isn’t ab option for México

    Reply
    • Jake Butler

      13. Sep, 2013

      Hi Sandro,

      Unfortunately this guide is only for betting in the UK.

      If you are desperate to carry out this matched betting then I suggest looking into OverplayVPN which can give you a UK IP address.

      Jake.

      Reply
  117. dave thomas

    05. Sep, 2013

    thanks jake.
    really? highest reward? what am i missing? id have thought that you would get a small loss with each bet, hence a smaller ‘win’ at the end…….
    and yep, itd be great to read a guide :-)

    Reply
    • Jake Butler

      05. Sep, 2013

      Hi Dave,

      You do make a little loss each bet but when you consider that most of the rollover bets are a free bet of up to £200.

      I managed to make around £150 from that free bet…

      Hopefully extra guides will be coming soon.

      Reply
  118. dave thomas

    04. Sep, 2013

    thanks mate
    my problem is just not knowing whether to go for some of these bets or not. i understand the basic free bet jobbies, but im sceptical about the rollovers, ‘money back if’ bets, and anything that strays from that basic bet.
    spose its wise to be cautious, but i judt wouldnt mind finding out whether these other bets are worth doing, and if so how to do them.
    thanks

    Reply
    • Jake Butler

      05. Sep, 2013

      Hi Dave,

      They are definitely worth doing as the rollover bets are usually the ones with the highest reward.

      However, they can go wrong and you do need a lot of money in order to do it.

      I’m looking into writing guides for each of the rollover bets too… so watch this space.

      Jake.

      Reply
  119. Adam Don

    04. Sep, 2013

    Hi, I could do with a little confirmation please. With Bet365 they give you an instant £200 deposit bonus if you deposit £200. By using a calculator I should be able to make a profit of around £175 from this. This would be fine if I won the bet on the Betfair website, I would just withdraw the money. If however, I won on Bet365 then I have to wager a total of £1200 before withdrawing it. So I should only have to wager another £800? So could I then wager my winnings from my last bet (£520) and then add another £280 of my own money on to bet where my loss would be minimal. Would I then be able to withdraw my money and have made an overall profit?

    Thanks, Adam.

    Reply
    • Owen Burek

      06. Sep, 2013

      These rollover bets get a little complex sometimes, but essentially you’re right. It’s better if your winnings come through on Betfair as you can withdraw those right away, but if not you just have to keep turning over the matched bets before you can withdraw the free bet amount. You should be able to use any winnings from any of the rollover bets to fund the next one, but you’ll need to add more funds overall. Have a good read over their T&Cs and if in doubt drop them an email to make sure.

      Reply
  120. dave thomas

    02. Sep, 2013

    its matched now, so no worries thanks. can you cancel a bet once its put on?? didnt think that was possible.

    also clicked on the betfred £50 free bet link on this site and it looks as if its one of those where you have to keep rolling the bets on a few times before you can withdraw. i assume i want to stay away from those?

    and thirdly, is there a decent forum anywhere with a fair bit of traffic for latest offers, things to stay away from etc? current info? looked on the automatcher one, but not a lot on there.

    thanks a lot

    Reply
    • dave thomas

      03. Sep, 2013

      sorry, my mistake, it was the 188 bet that you have to keep playing with. the betfred one is something like a free £10 bet then a £50 bonus, but im too scared to do it cos i dont understand the small print and implications.
      so…back to my original question. is there a decent forum that discusses all these offers?

      thanks

      Reply
      • Jake Butler

        04. Sep, 2013

        Hi Dave,

        The 188Bet one does have to be rolled over but we’ve added an explanation on how to do it separately from our guide.

        The Betfred free bet seems to have changed slightly recently so we’ll look to get that updated. As far as I can see, you get a £10 free bet just for signing up and then another £50 free bet if you bet £50 (qualifying bet).

        I do not personally know of any forums that have some good info on this. Watch this space though as we may start one up ourselves ;)

        Thanks, Jake.

        Reply
  121. dave thomas

    01. Sep, 2013

    hi, have i messed up? just opened an account and the only bet/lay prices close enough to each other were foriegn. i placed the bet, then went to betfair and its unmatched. i remember reading on here i should still go ahead so i did. whats the worst case scenario? im dreading losing at bookies, and the lay bet being cancelled so i dont break even. could this happen?
    i think in future itll teach me to lay the bet first, so if its unmatched i can cancel before betting to win, and change matches.
    thanks

    Reply
    • Owen Burek

      02. Sep, 2013

      If it’s unmatched on Betfair, it means that you’ve ‘offered’ the lay bet but there isn’t enough money being backed to cover you at the odds you chose. It depends how long you have until the match/event starts, as it could still be matched. But to protect yourself I would usually recommend cancelling the bet and placing it again at odds that are matched right away. You’ll just need to readjust your figures in the spreadsheet with the new odds.

      Reply
  122. Ash

    26. Aug, 2013

    Hey! Very nice article!
    I have a small question-
    I am an Indian student living in India, is it possible for me to do this online betting from India and get the profit money transferred to my Indian bank account. My bank does have branches in UK.

    PS- According to my limited knowledge betting is illegal in India, so can I still do it online?

    Thanx in advance.

    Ash

    Reply
    • Owen Burek

      26. Aug, 2013

      Hey Ash, it’s a very good question. Legally (if gambling is illegal in India) I’m afraid you can’t do matched betting, and the bookmakers won’t even allow access from Indian ISPs. The same applies to the USA.

      Reply
  123. marco

    01. Aug, 2013

    I recently signed up to the Coral £50 matched bet offer but i’m worried about going ahead with my qualifying bet as i’ve entered the details into the calculator and it shows i’m due to make a loss of £4.11

    My stake is £50
    back bet is 2
    lay bet is 2.12
    commission is left at 5

    Should I go ahead with this or will I end up out of pocket?

    Reply
    • Jake Butler

      02. Aug, 2013

      Hi Marco,

      You will generally lose a little money on your qualifying bet as the bookies take a small commission as well as the fact that you will never find back and lay odds that are the same.

      As you are betting with higher amounts (£50) instead of the Paddy Power example (£5) you will lose more of your profit on each bet but make more overall.

      Remember that the qualifying bet is used to give you access to the free bet and this is where you make your profit.

      So, to summarise, even though you are using a free bet of £50 you are more likely to walk away with an overall profit closer to £35-£40 depending on a number of factors. You will “technically” be out of pocket after the qualifying bet but the follow up free bet will be where you make your profit.

      I hope that clears it up for you.

      Thanks,

      Jake.

      Reply
  124. Harrison

    31. Jul, 2013

    I’m unsure on how to lay bet on betfair? can anyone help me?

    Reply
    • Owen Burek

      01. Aug, 2013

      Sure Harrison.

      Firstly, can you see the red odds boxes, as in Step 5 of the guide?

      If you can’t then you may need to check a box or change a display setting to show them.

      Otherwise, simply click on the red box (which are for lay bets) and a Betslip will show up on the right. You need to enter the Backer’s Stake as shown in your spreadsheet calculations.

      Once you’ve checked it all over and it matches up to the spreadsheet, simply click Place bets and that’s the lay bet done!

      Any other problems, let me know.

      Reply
  125. YM

    28. Jul, 2013

    Great article. It seems to indicate that you must always lose on your qualifying bet. Why?

    Reply
    • Jake Butler

      30. Jul, 2013

      Hi Yusuf,

      You will always lose a little bit of money of your qualifying bet but this is down to bookies taking a small commission as well as the fact that the odds don’t match up exactly for the backing and laying of the bet.

      I hope this clears things up.

      Jake.

      Reply
  126. Nikola

    22. Jul, 2013

    Thanks for sharing, this article is great as your response to all these questions. I have one “little” question too.
    If I bet 5$ on back (paddypower) with odds 1.61 and bet 5.19$ (lay stake) on lay (betfair) with odds 1.60 I get :

    - if backed bet wins, 5$ x 1.61 = 8.05$ – 5$(invested backers bet) – 3.12$ (lay risk) i get a profit of -0,07$

    - if layed bet wins, 5.19$ x 1.60 = 8.304$ – 5$ (backers bet) – 3.12$ (lay risk) I get a profit of +0.184$

    Am I right ?

    Reply
    • Owen Burek

      23. Jul, 2013

      Hi Nikloa

      Yes that sounds about right for your qualifying bet, however you need to remember that Betfair will deduct a 5% commission fee from your winnings if the lay bet wins, making the two outcomes more similar.

      Reply
  127. Haz

    09. Jul, 2013

    Once u have used a deal, for example the one on paddy power, which is only available to new customers, are u then able to leave and return using the same debit account because I would assume not. So wouldnt that then mean that you can only use each betting site once?

    Reply
    • Owen Burek

      09. Jul, 2013

      Hi Haz

      In most cases the bookmakers only offer one free bet offer per new registration/individual. This is why I have listed more free bet offers in the table below the guide. There are plenty out there for the average person to milk.

      If you want to continue matched betting once you’ve cleaned up introductory offers, then you still have two opportunities in the longer term.

      A. Talk to friends and family and offer to carry out the matched betting on their behalf for a slice of the profits (obviously requires trust and good explanation!)

      B. Wait for new offers, which are sometimes offered to existing customers to get them back or to promote a big sporting event (eg World Cup, Wimbledon etc). If you stay on their mailing list, you’ll come across these, or subscribe to my newsletter http://savethestudent.us1.list-manage.com/subscribe/post?u=1d812cee806cb330dea75689e&id=857ada218f

      Reply
      • hazz

        10. Jul, 2013

        thank you for the reply, one more question, in order to maximise return, do you have any tips?

        Reply
        • Owen Burek

          10. Jul, 2013

          Keep a basic spreadsheet of all the bets you place, along with your cumulative profit. It’s important to make sure you’re keeping track so you know you’re making money and it’s also good motivation ;)

          Reply
          • hazz

            10. Jul, 2013

            thanks again, sorry, but another question, from your experience, what is the best odds that i should bet on?

  128. Joe

    23. Jun, 2013

    Hi Owen,

    Just got an email through from betfred about a wimbledon promotion:
    If Andy Murray wins the Men’s Singles tournament we will refund all losing single bets on the outright as a free bet up to a maximum of £200.
    Ts&Cs:
    Offer applies to Betfred.com and Betfred Mobile.
    Andy Murray must win the Men’s Singles Tournament in order to qualify.
    Offer applies only to bets placed up until Monday 24th June at 1pm.
    Offer is fulfilled in free bets.
    Maximum free bet refund £200 per customer
    Applies to Single bets Only.
    Extra winnings will be credited to your account within 24 hours of your qualifying bet being settled.
    Bets placed using free bet funds do not count.
    Cannot be used in conjunction with any other offer.
    General Betfred.com rules apply, see website for details.

    Is it possible to matched bet this free bet promo? If so can you tell me how!?

    Reply
  129. Peter Isle

    22. Jun, 2013

    Hello Owen,

    Thank you very much for this guide,

    Yesterday I signed up to Paddy Power, deposited £10 and everything had been going to plan. I.E I matched the bet on Betfair and unlocked the free bet which I used. However, today, when I tried to login to Paddy Power, I received a message saying that my account has been temporarily suspended because they need ID proving my information was genuine when I signed up. Is this normal? And also, what’s the easiest, and more importantly, the safest way of providing them with the information that they need to reactivate my account?

    Thanks in advance

    Reply
    • Owen Burek

      24. Jun, 2013

      Hi Peter

      This is not that common, but has happened to me on another site in the past. All I had to do was take a photo of my ID and email it to customer services along with my account details, and was approved within a few hours. But PP should have explained exactly what you need to do in this case. Don’t worry though, it is a standard practice within the industry.

      Reply
      • Peter

        26. Jun, 2013

        Hi Owen

        Thank you for your reply- just waiting on their response now.

        On another note, I was wondering while depositing the money if there’s any negative implications for your credit rating with matched betting. Obviously as its no risk more money should be coming in than out, and they should see that, but surely the bank aren’t going to like seeing you depositing money into multiple bookmakers nonetheless?

        Thanks

        Reply
        • Owen Burek

          27. Jun, 2013

          Valid point Peter but nothing has ever shown up on my credit report, and after a quick Google it seems that whilst bookmakers may sometimes carry out a credit check on you, it isn’t recorded and has no effect on your overall score.

          If you want to check your credit score at any point, I recommend using ‘Credit Report Matters’ which give you free access to it so long as you cancel the trial once received. Shortlink: http://s4ve.me/14usToe

          Cheers

          Reply
    • lee

      19. May, 2014

      anyone had to do the kyc check on bet fair? they suspended my account a day after i opened it and wont let me access anything until ive sent a copy of a few documents…kinda a pain in the ass

      Reply
      • Jake Butler

        19. May, 2014

        Hi Lee, they actually did this with me when I opened my account. It’s not too much of a bother, you just need to scan a few documents and email them off to them.

        Reply
  130. Stephen

    21. Jun, 2013

    Great guide, this has been brilliant in helping me understand how to do this.

    Just a quick question. As I have both a student and a regular bank account (with debit cards for both) is there anything stopping me from opening up two accounts with each of the bookies (using both of my cards) and being able to take advantage of the free bets twice?

    Reply
    • Owen Burek

      24. Jun, 2013

      In theory, no. But increasingly the bookmakers are doing more checks than simply bank accounts, including name and home address. I wouldn’t think there’s any harm in trying but I would advise checking the registration terms and conditions for the specific bookies first to make sure. You could always offer to do the matched betting on behalf of friends and family.

      Reply
  131. Adam Hammond

    16. Jun, 2013

    I am actually loving this guide, I’ve tried to share it as much as possible.

    It’s not often that I really benefit from articles online but well done!

    Reply
  132. Joe

    12. Jun, 2013

    Hi, I’ve done this matched betting on 3 of the betting sites without a problem, but I may have just run into some trouble but i’m not sure. I’ve signed up to betvictor and just placed my qualifying bet with them and betfair (backing and laying Kenya this afternoon @ odds of 7 for each, works out at a loss of £1.08) However when I placed the bet on betfair it says its only partially matched. It’s split my bet into a matched bet with a backers stake of £5.12 and liability of £30.72, and an unmatched bet with a stake of £20.06 and a liability of £120.36. Is this going to end badly?

    Reply
    • Owen Burek

      12. Jun, 2013

      Hi Joe

      You’ll get a partially matched/unmatched bet on Betfair if there’s only a portion of money in the pot at the odds you selected. Essentially you can’t lay a bet unless someone else has already bet a sufficient amount for you to match against.

      In your case you’ve cleaned up the last £5.12 which was available from the ‘backing’ pot at the odds you had picked to lay at.

      So the remaining £20.06 you’re looking to match against is in the queue until more money is placed to back the event at the odds you selected.

      If it’s not too late, I would suggest cancelling your matched bet and starting again making sure enough money is available at the different odds. You could wait until there’s more backing money and you’re remaining amount will be automatically matched, but there’s no guarantees here.

      If you can’t cancel or don’t want to wait, I’d probably go ahead and just accept the different odds but it’s really important that you do bet the full amount at Betfair so it cancels the risk with the bet at the bookmaker.

      Sorry if this is long winded but hope it helps. Let us know how you get on, or have any other tips for when this happens.

      Cheers

      Reply
      • Joe

        12. Jun, 2013

        Hi Owen,

        Thanks for the reply. Had a little look on google after posting and got a rough idea of what had happened. Decided to leave it for a little while to see what happened and luckily for me the whole bet has now been matched, so all’s good!

        Reply
  133. Sebastian

    06. Jun, 2013

    Hi,

    Row 18 hasn’t matched the liability figure on betfair. It’s 2.64 on Germany U21s and betfair says my liability is £8.20. Whereas the spreadsheet is saying ‘estimated lay risk’ – £7.92.

    Quite a bit out…why is this?

    FYI, I’ve already placed the bets :/

    Reply
    • Owen Burek

      07. Jun, 2013

      I assume you’re on the first qualifying bet with PaddyPower and that back odds are 2.5? Back odds of 2.59 would give you lay risk of £8.20. Make sure you check that’s what you actually got on PaddyPower when the bet was placed, and also that the lay odds you placed on Betfair match up with the spreadsheet since sometimes they can change last minute if you’re placing a bet on an event happening within a few hours.

      Having said this, the lay risk is an estimate but it’s usually pretty spot on. It’s just maths. But if something has gone wrong somewhere then you won’t lose out by more than a few pence and can clear up on your free bet.

      Let me know if your second bet matches up ok or you figure out why they didn’t match on the first.

      Reply
  134. Owen Burek

    03. Jun, 2013

    Quick update – Coral (another bookmaker) are now also offering the same free bet offer as Paddy Power (£20 for £5 deposit). Not sure how long this will be on for, but try this link and take advantage of this if you can http://www.savethestudent.org/out/coral

    Reply
    • Miles

      05. Jun, 2013

      Helpful guide Owen, shall definitely give it a go myself later today!

      Just a quick heads up: Coral currently seem to be offering a free bet of up to FIFTY pounds (although minimum deposit seems to be unmentioned at present). Any tips on how to maximise the profits from this at all?!

      Thanks in advance.

      Reply
      • Owen Burek

        06. Jun, 2013

        Thanks Miles. Yes I just saw there is also a £50 free bet but you’ll need to deposit and place a qualifying bet of the same amount first. If you have the funds available you can opt for this offer, but since this guide is for newbies I thought it’d be better to mention the offer requiring just £5 for £20 free bet (and same as Paddy Power) to help get the hang of it etc.

        Cheers

        Reply
  135. Chris

    26. Apr, 2013

    Thanks Owen that makes more sense lol when the free bet has gone on one website is it possible to set up a new account with a different email address?

    Reply
    • Owen Burek

      06. Jun, 2013

      Sorry must’ve missed this! It’s a bit of a grey area, and to start with it’s best just to move onto the next bookie/free bet offer because it is usually against the Ts & Cs. Nowadays you actually have to have a different name, address and payment details too for a lot of them. In that case you can still profit by telling you friends you’ll share the winnings with them by using their details, which is what I’ve done before.

      Reply
  136. Chris

    25. Apr, 2013

    Hi…Great advice here! I assume if we get the free bet from just depositing money into the account then we just skip straight to the second bet and dont need to bother with the first?

    Reply
    • Owen Burek

      26. Apr, 2013

      Hey Chris. In almost all cases you need to actually place a qualifying bet using your initial deposit to be rewarded with the free bet. So I’m afraid you can’t skip any of the steps! Bookmaker’s aren’t that kind :)

      Let us know how you get on.

      Reply
  137. Kate

    19. Apr, 2013

    Hi, I’m new to betting and I am trying to understand what the lay risk on Betfair is for? I guess I would have to pay this amount of money if something went wrong..and I’m wondering what’s exactly the risk? Could you explain it like to a dummy please? All info much appreciated, thanks!

    Reply
    • Owen Burek

      22. Apr, 2013

      Hey Kate, yes I was too and it is a bit confusing at the start (hence the length of this guide!).

      So, the ‘lay risk’ is associated with a lay bet (betting AGAINST the outcome) and, as you rightly say, is the money you would lose on Betfair if the result *did* happen. You will need to have this amount in your Betfair account before placing the lay bet (the figure is calculated for you in the spreadsheet).

      In other words, this money is basically the same as the money that you would win if you backed the bet (for it to happen). Since in a lay bet you become the bookmaker, you are technically paying out for someone else backing the bet.

      Now the important point is though, when it comes to matched betting, you will win on the other side, that is the bookmaker eg. Paddy Power in our example. And vice-versa. Once you get to your free bet, overall you will be in profit. So the risk is eliminated!

      Hope that makes sense? If not just let me know :)

      Reply
  138. Oscar

    31. Mar, 2013

    I placed a £5 bet on Paddy Power for Wigan and then matched it on betfair. The odds were over 1.5 and it was £5 but I haven’t been given a free bet?

    Reply
    • Owen Burek

      02. Apr, 2013

      Hi Oscar

      Have you had an account with Paddy Power before? I would give them a call (freephone) on 08000 565 275 to find out, they’re usually very helpful and will credit it right away if you have completed the qualifying bet.

      Reply
      • Oscar

        02. Apr, 2013

        I did thank you! The problem was that I deposited £5 through a Skrill account, which I opened because my PayPal wasn’t working, and this means you are not entitled to a free bet. So be careful of this!

        Reply
  139. Alex

    20. Mar, 2013

    Hi Jake,

    I have placed my initial bet of £10 with PaddyPower and then the subsequent bet of £10.06 with BetFair, following the instructions given and using the excel sheet. On BetFair, my lay bet is showing as partially matched (£6.41) and partially unmatched (£3.65). I have the option to ‘cancel all unmatched’. What should I do in this instance?

    Thanks,

    Alex

    Reply
    • Owen Burek

      25. Mar, 2013

      Hi Alex

      Yes this has happened to me before, and it’s basically because there is not enough money in the pot at the odds you have chosen to lay your bet at on Betfair. This is rare but in future it’s worth checking the small number (in £) below the lay odds and making sure it’s more than your lay bet (over £100 would be fine).

      Anyway, in this case, I would keep the partially matched bet and just match the remainder (£3.65 in your case) at the next odds available. You don’t want to cancel all unmatched as you need to match the total amount to come out with a profit. Going for the slightly higher odds (usually +0.01) will have minimal impact on your total profit.

      Hope this makes sense!

      Reply
  140. David

    12. Mar, 2013

    Hi Jake,

    Thank you.

    I’m not sure if there is a free, full version of Excel, though there is a trial version. With Google I found a free alternative to Excel. It’s called LibreOffice.

    I can now edit the info in the cells.

    Thanks again to you and Owen.

    David.

    Reply
    • Jake Butler

      12. Mar, 2013

      Hi David,

      That’s excellent. Thank you so much for letting us know as now we can advise people in future that don’t have Excel.

      I hope you enjoy the profit and can be confident enough to use the other free bets available at the bottom of this article once you are confident with the spreadsheet.

      If you have any other questions just let us know.

      Jake.

      Reply
  141. David

    11. Mar, 2013

    Hi Owen,

    Thanks for sharing. I am using Microsoft Excel Viewer with the spreadsheet. . Is that suitable software to use? I haven’t been able to change the info in any of the fields in the spreadsheet.

    Reply
    • Jake Butler

      12. Mar, 2013

      Hi David,

      We would recommend using the full version of Excel to edit the spreadsheet.

      The cells are locked on the spreadsheet apart from those in white anyway so these should be the only ones that you can change although it may not work on the viewer.

      Hope this helps.

      Jake.

      Reply
  142. Joe

    07. Mar, 2013

    Hi Owen.

    Your guide is great. I’m just starting and your info is very helpful. I’m having trouble on betfred however, as the website seems to look different now to how it does in the picture you’ve used on point 5. Find a Bet.
    It doesn’t appear to give the option to make a lay bet.
    Would you be able to help me out here. Thanks

    Reply
    • Jake Butler

      08. Mar, 2013

      Hi Joe,

      Thanks for your question.

      Did you sign up for Betfred of Betfair? Unfortunately, you cannot lay bets on Betfred but only on Betfair.

      To lay an outcome on Betfair you simply choose the red box next to the result that you will be laying.

      Hope this helps :)

      Jake.

      Reply
    • Joe

      10. Mar, 2013

      Hey, i also had this problem. on the very top left of the betfair website there is a button saying ‘Go to exchange’. you need to click this as you’re probably currently on the sportsbook part of betfair.

      Reply
      • Jake Butler

        10. Mar, 2013

        Hi Joe,

        You are correct. Sometimes it is already on the exchange as standard but you do need to make sure that you are on the exchange.

        Thanks for the advice!

        Jake.

        Reply
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