matched betting guide

Step 1- Open a betting exchange account

Open a betting exchange account. we recommend betfair as it has the greatest liquidity amoung online betting exchanges, this is important when placing bets at exchanges.

Step 2- Open a bookmaker account

Open a new bookmaker account, If you decide to follow our rules do not take a free bet unless it has a value of at least £50, we have included this rule to maximise profits see the free bets page to find a list of boomakers that qualify.

Step 3- place your bets

Now its time to place the bets. Firstly you need to find an event that both the 'bookmaker' and 'betting exchange' are covering. High profile football/soccer matches are often a good choice as there is always a lot of liquidity in the betting exchange markets on popular games. I recommend picking a selection you think will lose, so your funds are retained within the betting exchange account.

When you have found an event place your bet at the bookmaker…. make sure you take odds that will qualify you for the free bet (min odds are usually 2.0). Most bookmakers have in there T&Cs that to qualify for the free bet, the qualifying bet must have odds greater than 2.0. However always remember to read the terms and conditions for each bookmaker when you join as they are liable to change.

When you have found an appropriate event input the bookmaker and betting exchange values into our matched betting calculator , and click ‘fetch’.

The results will tell you how much money you need to lay on the betting exchange and the amount of money needed in your exchange account. Use the figures complied by the calculator to place your bet at the betting exchange.

use the oddschecker.com website to pick an event where the odds at the bookmaker and betting exchange are as close as possible to help maximise profits.

Step 4- Credited with a free bet

After the event has been completed, you’ll credited with a free bet. The free bet may be credited immediately or up to 24hrs later depending on the bookmaker. Details of which will be defined in their terms and conditions.

Step 5- repeat step 3

Now this is part where you make the money repeat step 3, but this time use your free bet at the bookmaker. On the matched betting calculator remember to adjust the bet type to either ‘free bet: stake not returned’ or ‘free bet: stake retained’. Again details of whether you will retain your stake will be stated in the terms and conditions. the majority of offers will be stake not returned.

Finished!

That’s the entire process complete, fairly easy once you’ve got the hang of it! When you have completed your first cycle move onto the next bookmaker offering a free bet and complete the process again. Your bank should start to grow nicely after you’ve eaten up a good few matched betting opportunities.