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# Can someone explain how to use matched betting to get free offers please? Watch

1. Hi, I want to get some free bets using matched betting, but I just can't work out how to do it. I think the best way to learn is to do a work example for me. Today, it is El Classico (Madrid Barca).

So say I want to do a matched bet here, what do I do?

The odds at the bookmaker giving a free bet (after I make 1 bet first)

Are

B to win 2.05 Draw 3.25 M to win 3.25

Now at a betting exchange site I can lay Barca at 2.18 and lay Madrid at 4.1 and a draw at 3.7

I'm so confused! I don't know who to back and who to lay and how much to do so.

If anyone can help me understand I will be super-grateful!
3. I know it's probably a little late now as the match has started but the example given would not produce the best results.

You need to find a bet where the back odds at the bookmaker are close to the lay odds at the betting exchange as you back and lay the same outcome.

So in your example you would back B to win at 2.05 and then lay B at the betting exchange. In your example 2.18 is not close enough for it to be a good match, assuming your placing your first bet to qualify for the free bet then at the above odds you would lose (lock in) £0.86 per £10 bet. Ideally you want to be laying off the bet at as close to the back odds as possible.
4. (Original post by BeckyMu)
I know it's probably a little late now as the match has started but the example given would not produce the best results.

You need to find a bet where the back odds at the bookmaker are close to the lay odds at the betting exchange as you back and lay the same outcome.

So in your example you would back B to win at 2.05 and then lay B at the betting exchange. In your example 2.18 is not close enough for it to be a good match, assuming your placing your first bet to qualify for the free bet then at the above odds you would lose (lock in) £0.86 per £10 bet. Ideally you want to be laying off the bet at as close to the back odds as possible.
Hi Becky, thanks for the help. I spent hours reading about it on different sites last night, and I think I finally worked it out. A large part of my confusion stemmed from not knowing what exactly 'lay' meant. I think I understand now though. Today, I will try to do Man U vs West Ham and see if I got it. If not, can I ask you to help explain to me please? Thanks for the help.
5. Yes sure I don't mind helping if needed.

For the avoidance of doubt 'lay' is to bet against an event happening and is the pink area on Betfair. Just make sure you are backing and laying the SAME event.

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Updated: November 30, 2010
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