Make money from Matched Betting (full guide)

Owen Burek

By in Make Money. Updated March 2017.

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

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

Why should I trust this guide?

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

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

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

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

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

Article in the Guardian on matched betting

Piece by The Guardian on making money from free bets

Positive comments

One of many comments on this page by other readers

What is Matched Betting?

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

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

Matched Betting Header

How does it work?

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

A 'back' bet

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

A 'lay' bet

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

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

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

How much profit can I make?

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

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

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

What's the risk?

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

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

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

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

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

Your First Profit in 7 steps

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

Join my Facebook Group for lots more tips or leave a comment at the bottom if you need any help.

  1. Sign up for Betfair.com

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

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

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

    Register on Betfair.com

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

  2. Sign up for Coral.co.uk

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

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

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

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

    Register on Coral.co.uk

  3. Use decimal odds

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

    Choose Decimal Odds
  4. Find & place your qualifying bet

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

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

    Betfair Exchange

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

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

    My example

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

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

    Choosing the odds

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

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

    Matched Bet Betslips

    Oddsmatcher tool (Qualifying bet)

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

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

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

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

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

    Get instant bonus tips & more free bets:

  5. Claim your free bet

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

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

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

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

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

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

  6. Find & place a new bet

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

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

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

    My example

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

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

    Choosing the odds again

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

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

    betting slips using free bet

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

    Oddsmatcher tool (Free bet)

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

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

  7. Withdraw the profit

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

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

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

    My matched betting profit

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

Share with your friends!

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


More Free Bets

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

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

Important: Unlock ALL free bets

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

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


After you've subscribed above, click here to join our new Secret Facebook Group for instant notifications of the latest offers!

Current free bet total: £2,410

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

Click for even more free bets »

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

Need help? Got a question?

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

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

Leave a comment



2,272 Responses to “Make money from Matched Betting (full guide)”

  1. Craig

    23. Mar, 2017

    Have you had any issues with the come on offer? I deposited £10 and got £10 bonus so my account now says £20 but I am having issues placing the bet. The T & C’s say I should select the free bet from the drop down menu on the bet slip, but there is no drop down menu? Maybe because I placing the bet on my phone?

    thanks,

    Reply
    • Rick

      23. Mar, 2017

      Hi Craig, I think you may have opted in for their casino welcome offer rather than the sportsbook one. You will receive the £10 free bet after placing a £10 qualifying bet. If you ask customer support to change your welcome offer they may be able to rectify this.

      Reply
  2. Insa

    20. Mar, 2017

    Do you deposit qualifying bet and liability amount from your own bank account?

    Reply
    • Rick

      23. Mar, 2017

      Yes all deposits are made from your own account.

      Reply
  3. Marie

    20. Mar, 2017

    Hi Rick

    Thanks for all of your guidance on this site.

    I opened an account with Stan James yesterday and placed a bet – however when I went into my account today to see if the free bet is available, it’s saying that my account is blocked.

    I’ve emailed customer services but I’m wondering whether they’ve blocked it because I’ve been opening a lot of accounts over the past few days?

    Do bookies check how many other bookies you’ve registered with in a short space of time?

    Thanks

    Reply
    • Rick

      23. Mar, 2017

      You’ve done the right thing in emailing customer services – they may want you to upload some documents for identity verification purposes.

      No bookies are unable to check that unless they’re associated (e.g. Betfair and Paddy) – so I doubt it would be because of that.

      Reply
  4. Cap

    12. Mar, 2017

    Can you make a loss on the Free Bets if the odds are lower than 4.0? I was using the calculator for William Hill and typed in odds for 1.25 (back) and 1.29 (lay). It calculates a profit of 21.07. But it seems to be that that is only when the lay bet wins.

    Reply
    • Rick

      13. Mar, 2017

      I think you may have been using the wrong calculator, make sure you’re using the free bet one instead of qualifying bet.

      It doesn’t matter what the odds are, you shouldn’t be losing any money from matching a free bet (although the profit will be significantly less when betting on something with low odds).

      Reply
      • Cap

        13. Mar, 2017

        Hi Rick

        Here’s the situation. The back odds is 1.25 and lay odds 1.29. The calculator tells me to deposit at least 6.43 in Betfair and to stake 22.18. And the free bet from william Hill is 30. The calculator says the profit is 21.07. However, since the back bet wins, the profit is only 7.5 pounds because the free bet of 30 pounds is not returned.

        Where have I gone wrong? Thank you.

        Reply
        • Rick

          15. Mar, 2017

          Hi Cap, yes you’re right there was something not right about the William Hill calculator. It was because of the recent change in their sign up offer – we have updated the calculator too now.

          Have a go on the calculator again and let us know if you see anything that doesn’t look quite right 🙂

          Reply
  5. Rodney Reid

    08. Mar, 2017

    If the qualifying bet is a draw what would the lay bet be? Win or lose – home or away?

    Reply
    • Rick

      09. Mar, 2017

      You should always lay exactly the same selection you’re betting with at the bookmaker. So in this case you would place a lay bet on the draw.

      Reply
  6. Cap

    08. Mar, 2017

    I’ve placed my qualifying bet of 5 pounds on SkyBet, but I don’t see my free bet of 20 pounds in the promotion page.I placed it over the weekend and it’s still not been credited. Can you please help?

    Reply
    • Rick

      09. Mar, 2017

      I would contact customer support about this – Sky Bet have a live chat service.

      Reply
  7. Narmeen

    06. Mar, 2017

    “The free bet is non-withdrawable and free bet stakes are not included in any returns.
    You will not be able to cash out your free bet.”
    These are the T&Cs of SkyBet £10 No Deposit Free Bet . I am a newbie & want to get into this free betting stuff. Can you guide me what does this mean? We can’t withdraw profit earned from free bet?

    Reply
    • Rick

      06. Mar, 2017

      That means the stake isn’t included in any free bet winnings, which is very common when free bets are issued and was the case with the free bet received at Coral in this guide.

      Note this is an alternate Sky Bet welcome offer, if you click on our link you should see the option for a £20 free bet from a £5 qualifying bet (which is a better offer).

      Reply
      • Narmeen

        06. Mar, 2017

        “That means the stake isn’t included in any free bet winnings,”
        I don’t get it. Can you elaborate what stake is..maybe give an e.g having numbers?

        Reply
        • Rick

          07. Mar, 2017

          If you place a £20 bet on something with odds of 3.00 for example, you would usually get £60 if it wins (including £20 of your own money back) but as the stake isn’t returned in the free bet you will only have £40 returned.

          Reply
  8. Vik

    05. Mar, 2017

    Hi, its my first time trying this and i cannot seem to find how to lay bet on betfair. I jut do not find that red blue table on the site its just normal bettting. I am very confused.

    Reply
    • Rick

      06. Mar, 2017

      I think you may be using Betfair Sportsbook rather than Betfair Exchange. If you click on the ‘Exchange’ tab at the top you should the exchange section on Betfair 🙂

      Reply
  9. Kim

    04. Mar, 2017

    Hello, can you give me some help with Tony bet please? I don’t know what this means:

    – wager your deposit 6 times with the odds of at least 1.60 within 14 days. Only the bets that do not exceed the original deposit amount (or £200 if the original deposit is over £200) will be included in the turnover requirements.

    Reply
    • Rick

      06. Mar, 2017

      It means you will need to bet through a total of 6 x the deposit before receiving the bonus. For example, if you deposit £200 you will need to bet through a total of £1,200 before the bonus will be credited to your account.

      Reply
  10. John

    04. Mar, 2017

    Hi Rick,

    It says free account but then you have to pay £18.99 per month to actually get access to anything. There are cheaper alternatives out there.

    Reply
  11. Ras

    04. Mar, 2017

    Hello 🙂 What is the minimum amount you can do matched betting with please ? (Accounting for the two sites) Thanks 😀

    Reply
    • Rick

      06. Mar, 2017

      £100 should be enough to get you started 🙂

      Reply
  12. kg

    01. Mar, 2017

    Can strategic use of betfair’s cash out tool result in even higher profits on a matched bet?

    Reply
    • Rick

      01. Mar, 2017

      No Betfair’s cash out will always show a profit that is less than the profit you would receive if the bet won with Betfair – when matched betting do not touch this button!

      Reply
  13. laurence

    28. Feb, 2017

    i seem to be stuck with bwin as the offer isn’t updated on this site :(( i cannot withdraw the money on the free bet i won, as i need to “Wager GBP 200 on Sports bets “!!
    given it was high odds, the liability of which i had to cover on betfair, i basically have lost that money now :(( NOT HAPPY!

    Reply
    • Rick

      01. Mar, 2017

      Hi Laurence, I have now updated the instructions so that the 5x wagering is mentioned at the top. You can use the manual bet calculator (link in the FAQs) to match the bets in your bwin account – keep betting until you’ve bet £200 worth with bwin or the funds have moved across to the exchange.

      Reply
      • laurence

        20. Mar, 2017

        So I had won £115 in my free bet and betted until that was gone, but then i was told the bonus had ran out and i couldn’t claim anything. i.e. ‘wagering’ means ‘winning £200 worth’ of bets, not, ‘placing £200 worth of bets’. this is extremely misleading, and i don’t believe i have recouped the money on my first bet.

        Reply
        • Rick

          23. Mar, 2017

          I’m not sure I understand – you should have received the £20 bonus immediately after your first £20 deposit?

          Reply
  14. Sam Wightman

    27. Feb, 2017

    Hi Rick

    How does the calculator work out the backers stake when placing it on the lay bet?

    Thanks
    Sam

    Reply
    • Rick

      28. Feb, 2017

      It assesses the odds on both sides to show the correct backer’s stake so that the profit (or loss) is the same in total regardless of which bet wins. It’s a complex formula we’re using based on the odds, commission and other factors.

      Reply
  15. Neo

    27. Feb, 2017

    Hi! I have a question. Does it mean that you can no longer repeat the process once you’re done? Thank you!

    Reply
    • Rick

      27. Feb, 2017

      To make the profits ongoing you can continue matched betting from reloads offers – these are promotions for existing customers and can be matched in much the same way. You can sign up to our mailing list to learn more about this 🙂

      Reply
  16. Sam Wightman

    26. Feb, 2017

    Hi Rick, I’ve gone to do the first offer with Coral, however I joined them a while ago but never deposited any money, will I still be able to get the free £20 bet if I deposit £5 now?

    Reply
    • Rick

      27. Feb, 2017

      Not sure to be honest, I would contact Coral’s customer support and ask them about whether you would still be eligible for the new account offer.

      Reply
  17. MemDaarg

    25. Feb, 2017

    Do you have to wait for the qualifying bet to come in before you can make a profit using the free bet? Cause I’ve made the qualifying bet on Coral, and for the free bet there’s a game at the same time as the qualifying bet, so if I’m waiting for the qualifying bet to come through, then I can’t put the free bet on the game that would give me the best returns.

    Reply
    • Rick

      27. Feb, 2017

      It depends on the bookie, for some the free bet is credited immediately upon placing the qualifying bet whereas with others you will need to wait until the qualifying bet settles.

      Reply
  18. Matt

    24. Feb, 2017

    Hi, do you still make a profit on sites where the free bet is lower than the qualifying bet? And is there a way to have Oddsmatcher show matches In Play/starting today?

    Reply
    • Rick

      27. Feb, 2017

      Yup. We have a better Oddsmatcher on our parter site where you can adjust the settings, please sign up to our mailing list to learn more about this.

      Reply
  19. James

    23. Feb, 2017

    I am using an Android tablet (samsung galaxy) and seem to be having issues with the Oddsmatcher tool. Although it appears correctly on the webpage, if I click on one of the drop down options, it does not refresh accordingly. Any ideas on this? Many thanks.

    Reply
    • Jake Butler

      24. Feb, 2017

      Hi James, this should be fixed now. Sorry for the issue.

      Reply
  20. Sam Wightman

    23. Feb, 2017

    Also how do you know what the backers stake is when placing the lay bet, where does it say this?

    Reply
    • Rick

      24. Feb, 2017

      It’s shown in the steps for the offer after you enter the back and lay odds

      Reply
  21. Sam Wightman

    23. Feb, 2017

    Hi Rick, do you have to pay for the odds calculator? I thought it was free?

    Reply
    • Rick

      24. Feb, 2017

      The bet calculator is free. For an Oddsmatcher for all the bookies (if that’s what you meant) you can sign up to our mailing list above.

      Reply
  22. Kris

    23. Feb, 2017

    I’ve done qualifying bet on bet365 but bet 365 won the qualifying bet and I dont have money to match the free bet on betfair what can I do with my money and free bet in bet365 to withdraw safely?

    Reply
    • Rick

      24. Feb, 2017

      It’s very important you have enough money to complete the rollover requirements for a signup offer worst case.

      Not sure how much is needed to match it properly but with the funds you do have you could try do some of the smaller offers to build up your bank roll a little bit.

      Worse comes to worst you can withdraw the balance from bet365 but you will forfeit the bonus.

      Reply
  23. Ross

    22. Feb, 2017

    On 10Bet it says ‘The deposit and bonus amount must be turned over five (5) times on settled sports bets’. What does this mean?

    Reply
    • Rick

      22. Feb, 2017

      It means you need to stake a total of 5 x (deposit + bonus) at 10Bet before being allowed to withdraw.

      Reply
  24. Evan

    17. Feb, 2017

    Why did you bet on draw instead of crystal palace in the 6th step example? If you bet on crystal palace you’d have better profit, no? I don’t quite understand it…

    Reply
    • Rick

      21. Feb, 2017

      Typically yes, although this would depend on what the lay odds on the exchange were. In this case using the free bet on the draw was more profitable as the lay odds were closer to the odds shown on Coral.

      Reply
  25. Rachel

    14. Feb, 2017

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

    Reply
    • Jake Butler

      15. Feb, 2017

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

      Reply
      • Rachel

        15. Feb, 2017

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

        Reply
        • Jake Butler

          15. Feb, 2017

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

          Reply
  26. Jennifer

    13. Feb, 2017

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

    Reply
    • Rick

      14. Feb, 2017

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

      Reply
  27. Dan

    13. Feb, 2017

    Hi,

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

    Reply
    • Jake Butler

      13. Feb, 2017

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

      Reply
      • Dan

        13. Feb, 2017

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

        Reply
        • Jake Butler

          13. Feb, 2017

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

          Reply
  28. Frazer

    12. Feb, 2017

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

    Reply
    • Rick

      13. Feb, 2017

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

      Reply
  29. Frazer

    12. Feb, 2017

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

    Reply
    • Rick

      13. Feb, 2017

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

      Reply
  30. Rochelle

    09. Feb, 2017

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

    Reply
    • Rick

      10. Feb, 2017

      See our FAQs 🙂

      Reply
      • Rochelle

        13. Feb, 2017

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

        Reply
  31. Claire

    09. Feb, 2017

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

    Reply
    • Rick

      10. Feb, 2017

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

      Reply
  32. Paul

    07. Feb, 2017

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

    Reply
    • Jake Butler

      08. Feb, 2017

      Please check your spam/junk folder just in case.

      Reply
  33. Sam

    06. Feb, 2017

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

    Reply
    • Rick

      07. Feb, 2017

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

      Reply
      • Sam

        07. Feb, 2017

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

        Reply
        • Rick

          07. Feb, 2017

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

          Reply
          • Rick

            08. Feb, 2017

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

          • Sam

            07. Feb, 2017

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

  34. Dave

    05. Feb, 2017

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

    Reply
    • Rick

      06. Feb, 2017

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

      Reply
  35. laurence

    03. Feb, 2017

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

    Reply
    • Rick

      06. Feb, 2017

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

      Reply
  36. Aaron

    03. Feb, 2017

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

    Reply
    • Rick

      06. Feb, 2017

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

      Reply
  37. Rochelle

    03. Feb, 2017

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

    Reply
    • Jake Butler

      03. Feb, 2017

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

      Reply
      • Rochelle

        03. Feb, 2017

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

        Reply
  38. Rick

    02. Feb, 2017

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

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

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

    3/ Do you only profit from the free bets ?

    Reply
    • Jake Butler

      03. Feb, 2017

      Hi Rick,

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

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

      3/ Yes you only profit from free bets.

      Reply
      • Rick

        03. Feb, 2017

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

        Reply
        • Jake Butler

          06. Feb, 2017

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

          Reply
      • Rick

        03. Feb, 2017

        Thank you so much for answering !

        Reply
  39. Aaron

    31. Jan, 2017

    So with Bet365,

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

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

    Reply
    • Rick

      01. Feb, 2017

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

      Reply
  40. Jay

    26. Jan, 2017

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

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

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

    Reply
    • Rick

      01. Feb, 2017

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

      Reply
  41. Jessica

    25. Jan, 2017

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

    Reply
    • Rick

      01. Feb, 2017

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

      Reply
  42. Michael

    24. Jan, 2017

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

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

    From the T&C’s:

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

    Reply
    • Rick

      25. Jan, 2017

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

      Reply
  43. Emma

    24. Jan, 2017

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

    Reply
    • Rick

      25. Jan, 2017

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

      Reply
  44. Donella

    24. Jan, 2017

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

    Reply
    • Rick

      25. Jan, 2017

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

      Reply
  45. Pete

    23. Jan, 2017

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

    Reply
    • Rick

      24. Jan, 2017

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

      Reply
  46. Pete

    23. Jan, 2017

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

    Reply
    • Rick

      24. Jan, 2017

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

      Reply
  47. Amy

    22. Jan, 2017

    Hi

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

    Apologies if that is a silly question

    Many thanks

    Reply
    • Rick

      23. Jan, 2017

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

      Reply
  48. daniel

    19. Jan, 2017

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

    Reply
    • Jake Butler

      19. Jan, 2017

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

      Reply
  49. Ben Hyland

    17. Jan, 2017

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

    Reply
    • Jake Butler

      17. Jan, 2017

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

      Reply
  50. Aaron

    16. Jan, 2017

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

    Reply
    • Rick

      17. Jan, 2017

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

      Reply
      • Aaron

        17. Jan, 2017

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

        Reply
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