The basics of matched betting – part 9

The basics of matched betting – part 9: Matched betting advice

Starting matched betting can be a daunting prospect so we’ve put our best bits of matched betting advice together in one place to help you get started.

  • Read through the dedicated training resources here before you start placing bets.
  • Treat matched betting like a job (part or full time, depending upon your circumstances/needs) and dedicate time to matched betting every day. Remember, you get out of this what you put in. Make time for it, and the cash will flow. If you don’t make time, you won’t make money.
  • Open a new email account (i.e. Hotmail, AOL, Yahoo etc) when you open accounts with bookies, and keep just for matched betting. Keep an eye out for offers of free bets and bonuses from bookies in this email account. They will come pretty frequently and should help you to smash past the £1000 profit barrier in no time
  • Get the joining offers out of the way before you do any other matched betting offers (reloads). Opening offers are usually much easier.
  • Open bookmaker accounts from the links in our joining offers. We only put the best offers in those links, some of which aren’t advertised.
  • Stay away from Casino offers until you’re at least proficient in matched betting. They can seem like good offers but usually come with stipulations and wagering requirements. These will limit the amount of profit you can make and more importantly increase the likelihood you’ll end up losing money.
  • Use a debit card for all your deposits. Some offers are only available using debit cards, so stick with the debit card for now.
  • If you’re planning on getting a mortgage in the next few months, open a separate bank account to your main one. Lots of what looks like gambling can be problematic, and require an explanation, if a bank scrutinises your statements.
  • Don’t spend your profit unless you have to. You’ll need some of the profits to do some really profitable, big offers such as the 10Bet offer (£200 bonus).
  • If you’re feeling anxious about doing your 1st offer, relax. Watch the video, be confident and pull the trigger. What’s the worst that can happen? Believe me, the offers get very easy very quickly and you’ll wonder what you were worried about.
  • Lastly, if you get stuck on any part of the offer, you’ve some great sources for getting the help you need.  At the top of the page, click either HELP or FORUM. The help section has our training and help guides, a glossary and links to the Forum. The Forum is a really useful place which you can use to discuss best practice, help on offers and also all the great offers available with people who are going, or have gone through, the same as you. Every tricky situation you face in Matched Betting has probably already been faced (and solved) by someone on the forum

If you’ve any matched betting advice you want to share, or want advice on a particular aspect, get involved in the Winning Strategy forum. All free, of course 🙂

The basics of matched betting – part 8

The basics of matched betting – part 8: moving to reload offers

Reload offers guide by Winning Strategy. First point is to mention that the joining offers are the easiest money you’ll make. Finish them all before you start on reloads, where possible. Once you’ve finished them, we need to find you a consistent way of making an income each month. We therefore have to employ a number of different strategies from a number of different sources. These are:

  • Weekly bet clubs.
  • Horse racing refunds.
  • Accumulator offers..
  • Arbing.
  • Daily offers forum.
  • Your email account (individual offers will be emailed you periodically).

For weekly bet clubs, horse racing refunds and accumulator offers, we’ve individual guides on how to make regular income from these. You’ll find them here. Start with the weekly bet clubs and arbing, as they’re similar to joining offers in that you’ll have to make a qualifying bet to receive a free bet. Once you’ve got the hang of these, try the horse racing refunds, which a little bit more complex but can be pretty lucrative. After that, the accumulator offers which are both time consuming and complex to begin with, but could well be the most lucrative of the lot.

Now there’s a fair bit of talk about casino offers with matched bettors. Our advice is this: steer clear of casino offers unless you’re confident you can leave the site once you’re free spins/free bonus has run its course. If you are confident, then go for it.

To summarise, use the guides provided by Winning Strategy in the Reloads section and probably more importantly, use the forum. They really are your best source for info on new bets, daily offers, and any loopholes which members spot. If you spot a decent offer, don’t forget to add it to the forum yourself!

The basics of matched betting – part 7

The basics of matched betting – part 7: working through the joining offers

Basics matched betting.

Here’s where we put all of the previous elements together of the basics of matched betting parts 1 to 6. We’ve put all of the joining offers available from bookmakers in one place. You’ll find concise guides on how to complete them and links to the best joining offers available. Within each guide there are details of each offer with specifics on how they must be completed. Specifics on qualifying including odds, markets available and timings. From there, we will guide you. All the way through from what you should be looking for in the odds matching software to what amounts you should add to the matched betting calculator.

Work through the offers sequentially as they are listed in order of difficulty. As you get closer to the bottom you’ll notice some have wagering requirements or specifics which make completing them that bit more tricky. Don’t worry. We’ve got them covered too.

There’s a few specific tips on completing them, from keeping notes on which offers you’ve done to video guides of the offers. Make sure you look through the training guides before you do them because these will give you the knowledge (and confidence) to proceed. They’re all found here. And if you’re struggling with any aspect, check out the basics of matching betting blog guides 1 to 6

There’s free money available in these joining offers, as the title of the £1000 free page suggests. You just need to go out there and get it.

The basics of matched betting – part 6

The basics of matched betting – part 6: Free bets (where the money is at)

As the title mentions, free bets (and bonuses) are where you’ll make money from matched betting. We’ve already covered how you qualify for them in the basics of matched betting part 5 so what do you do with them, once you’ve got them?

Let’s split them out into the different types of free bets and bonuses available:

Free Bet – Example bookmaker offer: “Bet £10 and we’ll give you a free £10 bet”.

This type of free bet is the most frequent type of offer and will make up the vast majority of offers in the Joining Offers section. Once the free bet is in your account, you can place this bet (back), and lay at the exchange, for c.75% of the free bet value so with a free bet of £20 expect to make c.£15 profit. NB In the matched betting calculator, remember to select Free Bet (SNR) under Event Information.  There are usually no wagering requirements with these free bets (for the major bookmakers, at least).

Risk Free Bet – Example bookmaker offer: “Free £20 bet, if your 1st bet loses”.

Not quite as profitable as a Free Bet and more likely to be found in the reloads section. You won’t need to qualify for this bet and will profit instantly if your bet wins (by placing the initial bet as a Free Bet (SNR)). If your bet loses, you’ll likely have made a small loss but will have a free bet which you can place to make c.75% profit so you should make money regardless of your original bet. Again, there are usually no wagering requirements with these free bets.

Bonus – Example bookmaker offer: “Deposit £20 and we’ll match it”.

These bets are usually placed the same as a free bet but the key difference is there will usually be wagering requirements (they won’t let you simply withdraw the money…which makes sense really).

Odds Increase – Example bookmaker offer: “15% odds boost on football matches”.

No need to qualify for these bets. We make money because the odds offered at the bookmaker are usually better than the odds at the betting exchange. In effect, this becomes an arbitrary bet in that it is a bet which, when backed and layed, you cannot lose.

To summarise, they’re the main types of free bet and bonuses you’ll come across. Next time, we’ll put all the elements discussed so far together and work through a joining offer.

The basics of matched betting – part 5

The basics of matched betting part 5: Qualifying for free bets

In this part we’ll run through how we make a qualifying bet (i.e. a bet made to qualify for a free bet or bonus). Bear in mind this example we are going to run through may not be correct for some qualifying bets with very specific requirements,  but for 95% of the time, it will.

Let’s start with an example of a bookie offering a free bet of £30 when we’ve made a qualifying bet of £10. The first thing we’ll need to do is understand the specific terms and conditions for obtaining the free bet. Most qualifying bets will need to be placed at a minimum odds and in this instance, we’ll go with odds of at least 1.5. To qualify for the free bet we’ll need to take a number of steps in a very specific order:

  • Step 1: Create an account with the bookie and deposit the necessary funds (in this case £10), following the guide shown in our joining offers and an account with a betting exchange (i.e. Betfair).
  • Step 2: Find an event to bet on which matches the specific qualifying bet criteria. We do this by using the oddsmatching software which we went through in detail in the basics of matched betting part 2. Once you’ve found a suitable match we move onto Step 3.
  • Step 3: Using the matched betting calculator in the basics of matched betting part 3, we need to understand how much we need to lay at the betting exchange so that the qualifying bet costs us as little as possible.
  • Step 4: We place the bet of £10 at the bookmakers on our desired event.
  • Step 5: Using the results from step 2, we make the lay bet at Betfair (making sure we have enough funds in there to cover any losses we incur, which will mean we’ll win at the bookies)

Congratulations. You’ll now have placed a qualifying bet and will have qualified for a free bet. How you extract maximum value from that free bet is something which we’ll cover in the basics of matched betting part 6…

 

The basics of matched betting – part 4

The basics of matched betting part 4: The lay bet & betting exchanges

In its simplest form, matched betting involves making a bet on an outcome at a bookmaker (known as a back bet) and a bet on the opposite outcome at a betting exchange (known as a lay bet) in order to profit from free bets or bonuses provided as incentives by bookmakers.

An example of using a lay bet in matched betting term’s, could be where you’ve made a qualifying bet of £10 on England to win against Germany in order to receive a free £10 bet. To ensure the qualifying bet doesn’t cost you money (i.e. gambling), we can lay this bet off at a betting exchange to hedge the bet and ensure that regardless of the outcome, we don’t lose money on the qualifying bet. Having backed and layed the qualifying bet and not made a loss, we’ve received a free bet which we can back and lay for a guaranteed profit.

There are a few betting exchanges around with Betfair being by far the largest and most popular. Betfair has a wide range of sports to bet on and since it has the most users, it has the most money backed and la-ed on it which is extremely helpful when finding matches for placing your qualifying and free bets. We recommend you avoid the smaller exchanges and stick with Betfair.

Betting exchanges aren’t just limited to backing and laying to take advantage of free bets and bonuses. We can also use them for Arbing (Arbitrage betting). See our guide to Arbing here.

That’s about it for lay bets and betting exchanges. Join us for part 5 of The Basics of Matched Betting.

The basics of matched betting – part 3

The basics of matched betting – part 3: Using the matched betting calculator

The matched betting calculator is an essential part of any matched bettors tool kit. It allows you to see at a glance just how much your selected event can make (or lose) from the bet and how much liability you will need in the betting exchange.  See example below:

 

You can access the matched betting calculator by clicking the icon on the left of each event shown in the Oddsmatching software:

 

Once you’ve clicked the icon, a pop-up box like the below will appear. The event you’ve selected will be pre-populated.

NOTE if you want to use the matched betting calculator to check an event not listed in the oddsmatching software, just over-type the odds and amounts pre-populated with the odds and amounts you want to see.

The interesting information you’ll take from the Results section are the:

  • Lay Bet – amount you’ll have to place at the betting exchange.
  • Liability – amount you’ll be liable for if your betting exchange bet loses (and hence your Bookmaker bet will win).
  • Overall Position – how much the bet will win/lose if either the Bookmaker or betting exchange wins.

The basics of matched betting – part 2

The basics of matched betting – part 2: Using the oddsmatching software

Both of these can be found here.

In this section, we’ll be focussing on the Oddsmatching Software

The oddsmatching software takes sporting events (football and horse racing) and compares odds for these events from bookmakers with odds from betting exchanges, to find the closest matches (displayed in the ‘Rating’ column). A Rating of 95.00 equates to the betting exchange odds are 95% of the bookmakers. The closer the odds to 100, the closer the match between bookmaker and betting exchange. Ratings can go as low as the 70s and sometimes as high as 120 and we can summarise the Ratings as follows:

  • An event with a Rating over 105 will mean regardless of the outcome, the bet will be profitable.
  • An event with a Rating over 95 would be considered a good match and adequate for a qualifying or free bet.
  • An event with a Rating over 90 would be considered a good match for a free bet only, where no other options are available.
  • An event with a Rating below 90 should be avoided as these are not profitable bets, long term.

Filter section

Use the filter section to isolate events which you are interested in. If you’re doing a Coral joining offer and have also joined Betfair as your betting exchange, you’ll only be interested in Coral vs Betfair comparisons and so will want to cut down the events just to these.

Let’s also assume you want only the events with a rating over 90 and odds of > 4.0. We can limit these by using the Filters. Click the box above each of the filters and then limit by selecting your requirements. Then click Apply. The events which match your requirements will be shown. Pick one which combines best suits your requirements (i.e. makes you the most money and suits your minimum and maximum odds requirements). See the below diagram:

Now it’s time to use the Matched Betting Calculator, which we’ll show in The basics of matched betting – part 3: Using the Matched Betting Calculator. Coming tomorrow 21st Oct.

The basics of matched betting – part 1

The basics of matched betting – part 1

What is matched betting?

It’s a bеtting technique used to profit from free bets and bonuses given by bookmakers. The element of chance usually associated with betting is removed by the application of mathematical equations hence why it is considered risk free. There are mostly 2 types of offers which matched betting uses to take advantage of. These are:

  • 1. Joining offers

To get you to their site, bookmakers offer some very lucrative to get you to gamble on their site. These offers will give you the best return on any matched betting offers, and they total over £1000 for all of the c.50 bookies offering worthwhile joining offers. Winning Strategy’s free matched betting joining offer guides will help you maximise your profits from these.

  • 2. Reload offers

Not only do bookies want to get you to their site, they want to keep you there and keep you gambling. They do that by offering reload offers which usually offer less lucrative free bets and bonuses than the joining offers, but nonetheless very profitable. It’s from these reloads that we aim to make a consistent and long term profit. These are subject to change daily and are influenced by sporting events (i.e. Cheltenham Fesitval, World Cup etc) and seasonal impacts (i.e. start of the football season etc). Our matched betting blog will keep you up to date with the most recent reload offers.

Types of bet

To start matched betting, you’ll need to know the different types of bet you have to make.

  • Qualifying bet

Bookies don’t like giving away free bets for nothing. They want to qualify for a free bet by making a bet. In matched betting, we make this bet risk free by making a bet at a betting exchange on the exact opposite of our qualifying bet.

  • Free bet

Once you’ve made the qualifying bet/s, you’ll receive a free bet (or bonus) into your online account. In matched betting, once you’ve placed the free bet on your desired match/event,  we make sure profit is guaranteed by again making a bet at a betting exchange on the exact opposite of our free bet.

For, finding the bets and calculating amounts to place at the betting exchange, you’ll need use of our free oddsmatching software and matched betting calculator. We’ll cover these in the basics of matched betting part 2 (coming soon!)

What is matched betting?

The basics of matched betting

What is it?

It’s a bеtting technique used to profit from free bets and bonuses given by bookmakers. The element of chance usually associated with betting is removed by the application of mathematical equations hence why it is considered risk free.

Joining offers
To get you to their site, bookmakers offer some very lucrative to get you to gamble on their site. These offers will give you the best return on any matched betting offers, and they total over £1000 for all of the c.50 bookies offering worthwhile joining offers. Winning Strategy’s free matched betting joining offer guides will help you maximise your profits from these.

Reload offers
Not only do bookies want to get you to their site, they want to keep you there and keep you gambling. They do that by offering reload offers which usually offer less lucrative free bets and bonuses than the joining offers, but nonetheless very profitable. It’s from these reloads that we aim to make a consistent and long term profit. These are subject to change daily and are influenced by sporting events (i.e. Cheltenham Fesitval, World Cup etc) and seasonal impacts (i.e. start of the football season etc). Our matched betting blog will keep you up to date with the most recent reload offers.

 

The basics of matched betting

 

What is it?

It’s a bеtting technique used to profit from free bets and bonuses given by bookmakers. The element of chance usually associated with betting is removed by the application of mathematical equations hence why it is considered risk free.

Joining offers

To get you to their site, bookmakers offer some very lucrative to get you to gamble on their site. These offers will give you the best return on any matched betting offers, and they total over £1000 for all of the c.50 bookies offering worthwhile joining offers. Winning Strategy’s free matched betting joining offer guides will help you maximise your profits from these.

Reload offers

Not only do bookies want to get you to their site, they want to keep you there and keep you gambling. They do that by offering reload offers which usually offer less lucrative free bets and bonuses than the joining offers, but nonetheless very profitable. It’s from these reloads that we aim to make a consistent and long term profit. These are subject to change daily and are influenced by sporting events (i.e. Cheltenham Fesitval, World Cup etc) and seasonal impacts (i.e. start of the football season etc). Our matched betting blog will keep you up to date with the most recent reload offers.

Types of bet

To start matched betting, you’ll need to know the different types of bet you have to make.

  •  Qualifying bet

Bookies don’t like giving away free bets for nothing. They want to qualify for a free bet by making a bet. In matched betting, we make this bet risk free by making a bet at a betting exchange on the exact opposite of our qualifying bet.

  • Free bet

Once you’ve made the qualifying bet/s, you’ll receive a free bet (or bonus) into your online account. In matched betting, once you’ve placed the free bet on your desired match/event,  we make sure profit is guaranteed by again making a bet at a betting exchange on the exact opposite of our free bet.