How Does Matched Betting Work? | Beginners Guide to Matched Betting

How Does Matched Betting Work? | Beginners Guide to Matched Betting


Hey everyone Caan here again and today I’m
gonna take you through the process of matched betting from start to finish I’ll
share everything a beginner needs to know in under 20 minutes so grab a
coffee sit back and stick with it because it’s a useful one that anyone
can benefit from let’s start with the most basic question what is matched
betting the process of matching two opposing bets on the same outcome in order to
obtain a bonus offer we then repeat that process using the bonus to lock in a
tax-free profit regardless of what we chose to bet on sounds easy right really
it is but getting the most money for the least amount of time isn’t always so
easy but that’s what we’re here for to give you the best tools and advice
teaching you how to make as much money as fast as possible in a simple and
progressive manner depending on a handful of variables the amount and
regularity at which you profit will fluctuate you’ll see why shortly however
there’s no dispute matched betting is a sustainable way to boost your bank
balance thousands of people are doing it every day how does matched betting work in a
simplest form match betting works by utilizing a three step process depending
on the offer but before we start it’s important to know the best matched bettors
know that maximum profit comes from efficient bet placement doing things
with a set structure and focusing on maximum returns would drastically
increase your earning potential it all starts with a free bet offer or bonus
but there’s a problem the bookmakers aren’t just going to give out free cash
with no reason in order to get your hands on the prize you’ll need to play
their game you may have seen some things like this advertised new accounts bet
ten pounds get thirty pounds Free Bet bonus with the use of put in exchanges
and some simple maths we can take the risk out of this deal keeping the bonus
in the process from there we convert the bonus in to withdraw all cash simple
here’s how it’s done three-step process one bonus search
finding a bookmakers offer to exploit for a profit
preferably this offer will be the largest return for the least amount of
time see our calendar two qualification
fulfilled the initial criteria required in order to obtain the bonus offer we’ll
show you how to do this in Reverse on the exchange at the same time 3 profit
rush taking a newly credited offer and turning it into cash using a similar
process to the previous point in later lessons
we’ll get deeper and some of the specifics showing you where to source
the best deals as fast as possible how to calculate and find the most
profitable outcome with some snazzy software and the best execution
practices and tips pretty simple right but don’t worry if you don’t get it just
yet in this next step we’re gonna explain how matched betting actually works
starting off with bookmakers and betting exchanges lay betting and liability
fractional and decimal odds and why the bookmakers give away so many free bonus
promotions so let’s get started with how betting odds work betting odds are a
direct reflection of probability or so they should be anyway the easiest way to
explain is through an example a coin has two sides thus there are two outcomes
heads or tails that’s it to create odds this needs to be put in two numbers
there are two different formats that betting odds are expressed in covered
shortly but for now all you need to know is that betting odds are a reflection of
an event occurring over the longer term odds will change if the chance of the
event happening increases or decreases if the probability of something
happening increases the odds become smaller whereas if the probability of
something happening decreases the odds become larger this is fact the universal
law of supply and demand makes it so so where can you place bets and how do
these service providers make their money how bookmakers work bookmakers operate
in a very simplistic manner they take the probability of something happening
and then offer you a price that is lower than its chance they don’t win every
time but over the longer term probability ensures they come out on top
think back to that coin flip example I bet 10 pounds on flipping heads you bet
10 pounds on flipping tails the winner keeps 20
after the coin flip right not if you’re betting with a bookmaker there would be
more likely to take both bets and then pay the winner 16 pound keeping the
remaining four pound for themselves how betting exchange is work the clues in the
name betting exchanges work by allowing their
users to exchange bets quite literally that is it the price at which uses
exchange bets is created by market supply and demand the more demand there
is for a particular bet the more likely the price is to shorten however if the
supply of lay bets explained shortly outweighs that of the demand to match
them that overall price increases much like anything in life the market forces
dictate betting exchange prices unlike a bookmaker who chooses their own so there
are three stages to exchange betting user a logged in and offers a bet user B
logs in and matches their bet betting against them and the betting exchange
provider ensures that the money is exchanged from the loser to the winner
after the event has taken place in order to place a bet in the first place both
users must have the funds to cover their bet within their account for providing
the service and playing referee the betting exchange charges a small
commission so for clarity here’s an example back to that coin flip I bet 10
pounds on heads you bet ten pounds on flipping tails in this instance the
betting exchange would allow us to match bets against each other whoever wins
gets to keep the 20 pound – the Commission on winnings assuming it was
5% the winner would take home 19 pound 50 to do this there are two types of
bets on an exchange back bets and lay bets back bet is a type of bet that most
are familiar with but in on the win hence the name your backing your
selection but what is lay betting and liability lay bet is simple you’re just
in the opposite of the back bet instead of placing a bet to win you do the
complete opposite you take someone else’s bet expecting it to lose depends
on the outcome you exchange money to reiterate back bets is betting on the
outcome will take place and lay bets is betting on the outcome won’t take place
most people become confused when it comes to lay bets liability also known
as exposure don’t panic though its really simple when you consider that laying is
taking someone else’s bet you soon realized you
have to have the funds to cover the bet this is your liability or exposure for
example you lay a bet on AC Milan to lose a football match for 10 pounds
their odds of trading at 3.25 this means people betting on it will bet 10 pounds
to win 22 pounds 50 if AC Milan loses the match you will win their 10 pounds –
the 50 P Commission and if AC wins the match you have to pay them 22 pounds 50
in this instance your liability or exposure for your lay bet would have
been 22 pounds 50 in short odds x lay stake equals liability so what the
difference is between decimal and fractional odds if you haven’t placed a
bet in your life don’t worry but in odds are expressed in two
different formats fractional odds typically by bookmakers such as bet365
and decimal odds widely used by betting exchanges such as Betfair but why do we
care about this because we need to make the two formats comparable so another
example fractional odds assuming we want to bet on AC milan to win a football
match the price to place this bet the fractional odds may be 9 to 4 this means
for every 1 pound you place you stand to win 2 pound 25 profit and get your
original one pound stake back because you won so had you placed one pound
bet on AC milan to win the match your potential return would be 3 pound 25
simple enough right but in decimal odds assuming the same
situation the decimal odds would be 3 point 2 5 the same 1-pound bet would
return 2 pound 25 profit and return you your original one pound stake exactly
the same as I previously mentioned your potential return would also be 3 pounds
25 the only difference being the way in which the odds are expressed so the
fractional calculation is betting stake times fractional odd plus your original
stake gives you your total return for example 10 pound bet at 9/4 returns 22
pound 50 plus the original 10 pound bit Total Return being 32 pound 50 not that
confusing when you break it down the decimal calculation is betting stake times
decimal odd equals total return for example 10 pound bet at three point two
five returns 32 pound 50 take note just about every bookmaker now offers a
function to choose fractional or decimal odds you just need to locate it as
fractions or often use as default we’d advise selecting decimal odds as it’ll
make comparisons so much easier but there’s a reason I didn’t say that at
the beginning understanding properly is a real benefit as you progress sometimes
situation has changed and we don’t want you risking a penny more than you need
to it’s not what we’re about so what bookmakers have offers when most
people think of betting they think of a bookmaker that broke william hill coral
bet365 they’re everywhere bookmaking is big business before betting exchanges
they were the only way to place a bet however with the rise of the internet
business has become more competitive in that race to gain more customers and
make more profit bookmakers often give out free bets and bonuses to draw in new
customers and keep existing ones betting it’s a beautiful thing the actual offers
are continually changing at this stage we just want to make you aware that they
exist here are a few typical examples 200 pound bonus for new customers bet 10
pounds and get 30 pound free bet deposit matched a hundred percent up to the
first 50 pounds and many more with there been hundreds of bookmakers online the
opportunity is huge as you’ll see shortly on screen explainers can be soul
destroying at times but hang in there we’re almost through the essentials
we’ve successful match betting efficiency is crucial it means you get
to retain more of the bonus promotion as profit when it comes to withdrawing
that’s exactly why this last segment focuses on prioritizing the most
valuable offers calculating the most efficient odds matches and a few other
best practices so to conclude finding the best odds match efficiency is all
about minimizing losses and cranking up those gains so in this instance we want
to lose as little as possible to ensure that happens the price between bookmaker
and exchange needs to be close to get the best possible match we advise using
the price matcher getting the most efficient
match depends on many different variables if you’re placing a qualifying
bet or profit rush in a bonus you’ll need to fit a different criteria when
turning your Free Bet bonus into cash is often more beneficial to target higher
odds because you’ll generate a larger profit regardless of sport or event type
the matcher will tell you what’s best within a couple of clicks it’s far easier
than wasting time trawling through different bookmakers exchanges and
beting markets how to prioritize offers not all offers are created equal it goes
without saying getting the biggest bang for your buck is important for each user
it will be a little bit different depending on which accounts and
bookmakers you’ve used in the past if any but we want to show you how to
maximize a return in a minimum time there’s no point messing about we would
advise taking a higher return easier to complete offers first as your skill set
and experience increases the completion of other more difficult offers will
become easier profiling opportunities isn’t so hard the best offers hold a
high profit yield usually thirty pound plus and have a low completion
requirement typically opening an account we’ve laid out and categorized those
offers for you in the offer vault also as new offers become available
they’re added to the daily calendar like everything they that offers do change
from time to time to get around this problem and save you missing out on
event specific promotions it’s best to check the calendar every day calculate
in the most effective match aside from finding a quality match with a high
yielding offer you want to get the numbers right this part of the process
can be done yourself with a pen and paper but for ease we’ve got it covered
with the matched betting calculator using the calculator will allow you to
pinpoint the exact staking and odds required to place your match bet as
events countdown to the start and time that odds are more likely to move using
the calculator will reduce confusion and speed everything up plus it’s not too
hard to adjust your position if something changes halfway through placing the bets best practices there are heaps of miss out there in the match
betting world some are quite frankly ridiculous we’d advise taking a look at
our extra tutorial section under the courses home tab for now though we’re going
hit up a couple bookmakers don’t like match betters fact match betters
routinely take money from the bookmakers why because this process shared with you
is quite efficient and making full use of their free offers which of course are
not entirely free they give them out with the anticipation that you’ll
continue to bet with them at poor odds and lose a packet of money don’t do that
to that end but makers want to close and restrict match bit in accounts otherwise
known as gubbing to avoid making your account stick out to the bookies and
gubbed we advise doing a few things one always deposit a little more than
required to qualify for an offer to try to stick to betting on similar things
darts followed by Egyptian hockey and a question jumping isn’t going to look all
that natural bet on events that are larger and more popular football and
racing is great for this if you can avoid withdrawing your entire balance
after completing a match betting offer ensure that ie snare is not been
installed in machine and try to bet on similar teams fairly regularly appearing
as though you’re a fan a favorite football team maybe match betting myths as
much as you’ll see some similar points the ones mentioned there are some
ridiculous ones out there too to set the record straight
one the odd two-pound accumulator bet will trick the bookies and they won’t
think matched betting so if you better higher odds you’re losing to the exchange and
they won’t notice three betting odd amounts will get you gubbed all of the
above or a bit daft bookmakers aren’t gonna be fooled by a two-pound
accumulator when you continue taking their 20 and 50 pound offers withdrawing
money regularly over time you won’t lose in to the exchange of higher odds ever
variants will ensure this otherwise there would be no need to match bet
everyone would just be laying higher odds bets for easy money is crazy making
a stake a nice round number like 5 pound or 20 pound isn’t gonna get you branded
as a mug punter thousands of people bet different stakes every day all over the
country it’s a pretty wild myth right there now you’ve got the understanding
needed to complete your first offer next up is a 3 step walkthrough you