Matched Betting

The exchanges pretty much encourage it because they work off commision, but the bookies do not like it, but as long as you don't go around telling them then you should be fine!

Just to make this clear, are you saying you've unlocked the £20 from Boylesports?

If so make a £20 bet on Boyle sports using the free money (Prederably on big odds so you don't have money tied up there because you want to lose at Boylesports) then go over to betfair and using a lay calculator place the amount you need at betfair, the bigger your float the better placed you are a) win at betfair and b)cover the liability of big odds.

Does that clear it up?

Thanks for that. Yes I have unlocked the free £20 bet.

So just to be clear do I not lay £20 at Betfair? How do I work how how much to lay?

Stan James doesn't like moneybookers, what money service are people using for Stan James?


I can't see why bookies wouldn't like matched betting any less than people just there for the free bet. I suppose you could say that a matched better is less likely to become addicted hence won't take silly risks, but then you could also say that someone there purely for the freebie is less likely to stay around to bet further money in the act of matching.

Just placed my first MB, used FixTheOdds. Match plays tomorrow

Just to confirm, on Betfair where you have the place bet screen:



The money amounts given under the odds are how much you could win, right?

No I just said it is fine for the very first bet although it will probably give you crappy odds. But I would only do it for the £10 Totesport offer because you will lose potential profit if you continue using it.

That's the liquidity. It's the amount you can bet at those odds before they increase (lay)/decrease (back).

Bigger matches will have higher liquidity. Man united Vs Chelsea will have a massive liquidity. Where as the 3rd tier of the Bolivian juniors football league will have a tiny amount of liquidity

I just need to butt in here, FTO is not as bad as everyone seems to make out. Yes, it doesnt pick out the best matches (however, it does them in a chronological order, it may just be the case that people who reckon you don't make as much by a long way just haven't bothered clicking through), but the amount of money you will lose as opposed to manually Matched betting is pennies, literally maybe a quid if you do 4 offers to get started. To me, the ease of use and spoon feeding style was absoloutley essential when I started matched betting as I'm pretty sure I woulda fuc*ed something up without it's comprehensive help. So basically, pay at most 2 quid for a comprehensive service, that opens straight on the match you need to bet on, tells you exactly how much to bet (no point in underlaying when starting matched betting), and refunds you if they get something wrong. Sorry about the little rant but it really annoys me when people scorn FTO to such a degree - I do not regret using it for my first few offers one bit, and we shouldn't be pushing new people right into the deep end just for pennies added to their profit.

Also, you can still do the cashback offers (thegoldtiger, freebets4all, quidco etc.), nothing impedes you from claiming these, just sign up to the offer and click after placing the bets, they still pay you the money no matter what website you genuinely signed up from.

Of course, you're welcome to disagree with me, please don't feel like I'm aimlessly shoving my opinions down your throat aha

Do bookies allow matched betting?

Does it violate their terms and conditions

Check out the lay calculator: Trickybet

I use it every time.

Thanks for that. I have been trying to work out the trickybet calculator. So do i follow the advice in the middle section - standard match?

Also, if the aim is to lose the bet so i gain at Betfair how do i find bets to place that will ensure i lose?

Doing my first bet. Bet on skybet but cant get betfair to match? What I do

EDIT: Its matched now.

However I do not understand the odds and money bet here

Ok I bet on skybet £10 with 3.5 odds that a team would draw (stake not returned)

On betfair I placed a lay bet (stake of £7.25) for the draw at 3.5 odds (stake returned)



Confused??????? Can someone show how this is supposed to add up

So I would make a profit of £25 if I win with Skybet but I would loose (2.5 x 7.25) = 18.13 . So overall I would win £7

If I loose with Skybet I loose £10 and win £2.9 thus loosing £7 ?????????????????????

Should they both be 0?????????????

It was a 'free' bet

I am not sure how the bets canceled each other out. Can someone show?

ie the expected value of the combined bets should be 0 in order to convert the free bet into money

You placed £10 of FREE money on the draw at 3.5. Returns £25 profit.
You layed £7.25 against the draw at 3.5. Liability of £18.13.

If it is a draw you get (£25 won at bookie - £18.13 lost at betfair) £6.87 profit.
If it is not a draw you get (£7.25 won at betfair - 5% commission) £6.89 profit.

Any of you guys ever do the £50 4 / 1 horse offer on bet365?