An extremely simple matched betting example

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What is Matched Betting?

Matched betting is a proven strategy used by serious sports bettors to maximize the profit potential from free bets and other special offers received from bookmakers.

Matched Betting example easy to understand

As it can be quite daunting to start matched betting here is a very simple example of how matched betting works.

Ladbrokes have a new customer offer where you bet £5 and get £20 in free bets.

To qualify for the free bets you need to place one £5 bet at odds of 1/2 (1.5) or greater. It is always good to read the terms and conditions as they contain important information about the terms on which the promotion can be claimed.

Find a close match

The first bet you place (the qualifying bet) will incur a qualifying loss. This is totally normal as the exchange takes a % of your winning bet. Normally between 2% and 5%.

To find a close match you can either search for yourself although this is time consuming, or you can use the oddscatcher which does it for you.

The Profit Accumulator oddscatcher needs a subscription to use. You can sign up for a free trial here!

Back Bet

For this example we will be using Chelsea vs Brighton. The below screenshot is from Ladbrokes.

When you bet at a bookie you are betting for that selection to WIN. This is known as a BACK bet.

We will be betting on CHELSEA at odds of 1.61

Lay Bet

As we have bet on Chelsea to win at Ladbrokes we now need to cover the other two outcomes of the match by placing a LAY bet.

We use an exchange such as Betfair or Smarkets to place lay bets. This is the pink column on the below screenshot.

 

Working out your lay bet stake

So we have bet £5 on Chelsea to win and we now need to work out how much to lay.

Profit Accumulator have a free calculator which does all of the maths for you!

Don’t be scared, It is very easy to use!

  1. Make sure the Bet Type: is set to Normal and the Mode: is Simple

  2. Enter your Back Stake which is £5

  3. Enter the Back Odds (the odds at the bookies for Chelsea to win) which is 1.61

  4. Enter the Lay Odds (the odds at the exchange (Chelsea to draw or lose)) which is 1.65

  5. Enter the Lay Commission %. This will vary depending on which exchange you use. For this example we used 2%

  6. Click CALCULATE

  7. The calculator then works out your lay bet stake. In this example it is £4.94. This is the amount you need to place on the pink side of Chelsea.

Your liability will be £3.21. This is the amount you need to have in your account to cover the lay bet.

As you can see if the bookmaker bet wins or the exchange bet wins you lose £0.16. Don’t worry about the loss as you will make a lot more from the free bets.

 

Using the free bets

After the game has finished you will now have £20 in free bets to use. This is where us as matched bettors make our money.

To make sure we make money out of the free bets we repeat the process as before but with much higher odds.

 

For this example we will be using our £20 free bet on BRIGHTON TO WIN. Refer to the screenshot above.

As we are now using a free bet we need to change the calculator slightly to find out how much we need to Lay.

  1. Make sure you click on Bet Type: and change it from Normal to Free Bet (SNR)

    • SNR = Stake Not Returned. Unlike when using your own money you get your stake back, free bets normally don’t return the stake.

  2. Enter the Back Stake (how much your free bet is worth) which is £20

  3. Enter the Back Odds (the odds at the bookies for Brighton to win) which is 6.0

  4. Enter the Lay Odds (the odds at the exchange (Brighton to draw or lose)) which is 7.0

  5. Enter the Lay Commission % which is 2%

  6. Click CALCULATE

  7. The calculator now tells us that we should lay £14.33 on the pink side of Brighton.

Important information: Your liability will be £85.98 so you will need that amount in your exchange to cover the lay bet.

If the bookmaker bet wins you will make £14.02!

If the Exchange lay wins you will make £14.04!

As you can see you are guaranteed to make at least £14 regardless of what outcome the match has.

There are hundreds of offers which allow you to make profits from the bookies.

It can be time consuming to find all the offers so this is where Profit Accumulator comes in.

They find all the offers for you and tell you step by step how to do them with awesome tutorial videos and descriptions. Just check out what some of their customers say about them below.

Profit Accumulator Member Testimonials

 
 

Try Matched Betting today at no cost

“My advice to those on the fence for match betting is "get off the fence and try it!”. There has been so much help and advice on the forum, it has been really easy.”

– Mark from Manchester

“I'd recommend everyone at least gives it a try. Although it may be daunting in the beginning, it's actually really simple, especially when you see it actually works!”

– Jake from Cheltenham

“I knew nothing about sports betting and casino gambling - I still don't! The instructional videos are really easy to follow and the PA website is simple to navigate.”

– Sean

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The Benefits of Profit Accumulator

Enjoy matched betting everywhere you go!

Enjoy matched betting everywhere you go!

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Oddsmatcher

  • They've developed an innovative oddsmatching tool as well as many other pieces of software, to make matched betting easier.

Step-By-Step Offer Guides

  • There are hundreds of offers to work through, with simple step-by-step tutorial videos. They list more offers than any of their competitors.

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Community

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Support 7 days a week

  • Support via freephone, email, help centre and their forum. They're always on hand to answer your questions.

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The truth is that betting is not gambling if you know the game. And you can easily learn how to beat the bookies by using what is known as matched betting. It's simply a system of logic that will allow you to eliminate all the "grey" areas of betting. If you have any interest in making serious money from betting then you MUST learn this amazing technique.

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Check, check and check again!

The most important thing to do when using matched betting is to make sure you are placing your bets correctly.

Keep in mind that odds fluctuate at a moments notice so it is ideal to have 2 separate windows up at once when placing your bets. 1 window for the bookie and 1 window for the exchange.

You don’t want to place your back bet and then notice the exchange odds have moved and vica verca.

Another important thing to be wary of is the amount of liquidity the exchange has. High profile sporting events are normally fine as lots of people are betting on them. However if you bet on a lower division just check how much money is on particular odds before placing your bets. You want to be able to MATCH your bet otherwise it is just gambling.

What is Matched Betting?

Matched betting (also known as back or lay bet matching, arb betting, or double betting) is a betting technique used by individuals to profit from the free bets and incentives offered by bookmakers. It is generally considered a risk-free bet as it is based on the application of a mathematical equation rather than chance. A typical return for a matched bet where the stake is returned is 85%+ of the free bet offer amount, and 70%+ where the stake is not returned. Most free bets are stake not returned.

Matched betting, or double betting, is a method of profiting by pitting two different bookmakers with varying odds against each other while betting on both teams. By using this system you can wager on an event with no risk of losing. The act of match betting is considered by experts to be a risk free form of gambling if done properly.

Matched betting is a system using bookmaker incentives to bet on both outcomes of a wager. Because the bookie gives money to "bet match" as a sign-up bonus, you cannot lose and are guaranteed to win. Matched betting is generally considered safe and not a risk if done properly. It is also called lay bet matching or double betting technique.