How Does Matched Betting Work?
Home Sports Live Highlights. KS Cracovia Krakow. Sports Betting at Sportingbet. Bet live now, 24 hours a day, 7 days a week! Sports Sports betting Football Tennis Basketball. Francesco Forti ITA Jennifer Elie USA Catherine Harrison USA Lulu Sun SUI Hayley Carter USA Kelly Chen USA This will tell you how much you need to place on your lay bet on Betfair to cover all outcomes and ensure you do not lose your initial deposit.
Now you can use our calculator to find out what you need to lay on Betfair to cancel out your back bet. Firstly find the game from the Oddsmatcher on both Sportsbet and Betfair and make sure the odds are correct and have not changed. Place the back bet on Sportsbet.
Once you can see all the options on the game select the RED odds to lay the bet, we are betting against Germany to win to cancel out the backed bet we made with Sportsbet bet so make sure the odds are what the Oddsmatcher gave us for the lay bet. In my case 1. So now with both bets placed we are left with two outcomes after the game. To get the cash from the free bet we follow the same steps but this time in the Oddsmatcher we need to find a game with close odds but this time odds above 3,0 to maximise our guaranteed return on the free bet.
This will tell you the profit that you will make from the free bet. No big deal we are making a lot of cash. You can confirm on live chat with the bookmaker that the free bet stake is not returned with the winnings. All done, congratulations on completing the no risk matched betting guide and making your first profits. Once you made your first profit with the tutorial I would recommend going through the other big bookmakers sign up bonuses before getting into any daily promo offers that we profit from.
You can find a list of the easiest ones to complete here. Click Here for the easiest bonuses to start with! Comments So the more money i put down at first the more i will get back? Hi Jackson, It depends on the value of the bonus bet they offer you. You just need the amount required to get the bonus being offered, then just follow the 8 steps to turn the bonus into profit. Does this mean I cannot engage in Matched Betting?
Does this still mean I have to do the qualifier bet like the sportsbet examples you showed above. Yes, you will need to do the qualifier bet before you can withdraw your initial deposit and matched betting profit. Hi, Great to hear you have made a nice profit, once you get through the sign-up bonuses you can take a look at how to keep making a profit with the daily promotions here or jump into the facebook group here.
With the spring carnival, a lot of bookmakers were holding back the sign up bonuses because they had so many other promos going on so it might have been more difficult over the last week or two. The post is here. Love your work mate.
Is this pretty standard? You are spot on, as per the tutorial step for the qualifier bet you will need to place this before withdrawing, this is to be expected. Whenever you need to complete a turnover requirements to take profits out you simply place a back and lay qualifier bet. Hi Dave Thank you for this tutorial! I understand in your first bet with your own money you come out clear, however Do you need to keep putting your own money into the exchange?
Hi, I just went through the sportsbet bonus and found it easier than I imagined. Do you recommend leaving your profits in the bookmaker for a while to look like a regular bettor or is it okay to just take it out straight away when you finish with the bonus? I have always just taken the profits out straight away, when I was starting out I would then load them back into the exchange so I can move on to the next bookmakers sign up bonus bet.
It is however possible to do it for friends or family who have a different address though. Also in most cases you can still make the most of all the weekly promotions and bonus offers though. I have finished the Sportsbet bonus offer and made a tidy profit, is it possible to just sign up with another name and just do it again? You need to verify each account you make with the bookmaker using your ID and proof of address when signing up.
Once the sign up bonuses are dried up take a look at the Daily offer and Blog page to see how to keep making profits from the weekly promos. Hello, I was so close to getting started however my attempt was halted by the Oddsmatcher restrictions.
Since I went with the free version, the only bookmakers it allows me to view is Betfred and Coral. What can I do to view Sportsbet? Please keep in mind I did not forget to filter the results. The Oddsmatcher simply prohibits the use of Sportsbet and Betfair analytics without a paid membership.
Just send me an email at Dave matchedbettingoz. You Dave are a dead set legend. Only tough part is finding the right match to bet on with the best return and not needing a massive liability…..
More times i do it the better. The best thing is now you can just repeat the same steps if your mate sets up his account and gets a sign-up bonus for his account. Just stick with the mainstream bookmakers and you will be fine. When you get these 5 bonuses finished you will be well in the profits and you can also start playing their weekly promos to make some good steady income over time.
I have tried it, its work however i forgot to put Stake Not Return on my free bet, would it be a problem? Yes, you can use Betfair as the betting exchange for all the matched bets you place regardless of what bookmaker you are trying to get a bonus from.
If you need odds you can just email me and I can find some for you, sometimes Oddsmonkey restricts the Australian bookmakers in their free trial. Just message me if this is the case and I can check for you. Hi in the example step 7B im a bit confused. However if the lay bet wins i get Am i missing something.
In your example, you are placing the wrong lay stake. Thanks for explaining all of this. No problem at all mate, just remember to take it slow the first time you do it and make sure you understand how it all works and you will be fine. If you need anything explained further just email me at Dave MatchedBettingOz.
Hi Dave, Is this only available for first time users on sports bet? If you already have a Sportsbet account you can move on to the other free bonus bets from the rest of the online bookmakers. The reason I use Sportsbet in my tutorial to start is because it is the easiest to complete. However, once the sign-up bonus bets are complete you can keep making profits with all the bookmakers. We do this with the weekly promotions they offer. They are posted in the Facebook group. If you want to get involved let me know at Dave MatchedBettingOz.
The free version only gives 2 UK bookies, any advice to give me Dave. To do this in the UK you would need a UK proof of address to verify with the bookmakers. Regarding the 2 bookies available with the free version. This is only the case on some free accounts and hopefully it reverts back soon.
In the meantime if you have trouble finding close odds to place your qualifier bet just let me know at Dave MatchedBettingOz. I was using the odds matcher today and when I limited my search to sports bet nothing showed up.
Does this mean there are no matches available?? If you have trouble finding close odds to place your qualifier and bonus bet just let me know at Dave MatchedBettingOz. Hello, do you need a new email address every time you want to try this again? How do you continue to receive the match bet?
Only one email address is required, once the initial sign-up bonus bets are complete from all the bookmakers you can keep making profits. We then use the weekly promotions they offer. Are most Aussie bookie promos open to NZ residents as well? The best thing to do is jump on the live chat feature on the bookmaker website and confirm if members for NZ can join. If so then the process will be the exact same. Essentially any country that has an online bookmaker awarding free bonus bets you will be able to do this.
I do not know if this is the case in Uganda. Hi Dave, I understand the mechanics of this system. Do you get other bonuses every time you bet? We use the weekly promotions they offer. Is this legal in the U. As of now I am only knowledgable about the Australian and UK markets. This method would however work with any bookmaker that lets you sign up and that offers promotional and bonus bets. If i put a soccer bet on. Team a to win back bef and team a to loose lay bet.
If team a and team b draw i loose everything right? After you bet on team A to win with the bookmaker, on the exchange you are then betting that team A will simply not win the game. The difference here is that this covers any outcome that involves team A not winning.