![]() Matched Betting Tutorial - How To Bash A Bookie!
You may have noticed how competitive internet bookmakers are with virtually every single bookie offering new members a free bet or a deposit bonus. Incredibly, most people fail to make any significant profit from these opportunities - We will show in this tutorial an incredibly simple risk-free method to gain the maxium profit from these bookies bribes.
So the problem with bookmakers free bets is that people will try and make a fortune from them by betting on Carlisle to win the FA Cup - no offence if you support Carlisle but it's unlikely to happen!! And chances are you could have lost some of your own money in qualifying for the free bet because you were gambling there too. We'll show you how to be a bit more clever than that!
Instead, our really simple technique is to structure betting on both possible outcomes of a selection with the help of a betting exchange - we'll explain fully in a moment. This means you'll incur a slight loss on your qualifying stake, but you'll see most of the free bet cash going into your bank account. Overall, from each free bet offer you should make a nice tidy risk-free profit. Here's an example, Bookie A offer a free £25 bet once you have bet £25 of your own money. So with the help of a betting exchange we construct a bet regarding the draw in a particular football match. This means we may lose around £1 from this initial bet to gain the £25 free bet. In other words, your betting bank has just increased to £49. Now with the assistance of a betting exchange we now structure another similar bet on another draw in a football match to lose only a small portion this increased betting bank.
So to sum up, in our example you lost £1 to qualfify for the free bet, but have constructed a second bet to guarantee you almost all of your £25 free bet as cash ready to withdraw to your bank account!
What's more- there's stacks of offers you can take advantage of so the cash can really start to add up.
Don't worry about there being calculations involved as we give you a completely free excel spreadsheet calculator that works out all the stakes.
So let's put all this theory into practice, starting with how to lay at a betting exchange....
Our matched betting method involves using a betting exchange to lay the outcome you have selected for your free bet or qualifying bet - this is to say you are wagering that the selection will not happen. Laying is what bookmakers have always done, that is they accept bets from people at agreed odds, paying out the winnings if the bet wins and keeping the stake if it doesn't. You will see that the matched betting calculator considers this as your liability. The liability is the potential winnings you would have to pay to a backer should their bet be successful. For example, a backer winning a £10 bet at 3.00 (2/1) would have received £30 back including his stake. If you were the layer of that bet you would have had to payout £20 in winnings, the other £10 is the stake returned. You must always have the funds to payout the potential liability, which is taken by the betting exchange until the bet is settled. To calculate the liability you need to take the decimal odds minus 1 then multiply by the accepted stake. For example, 4.50 - 1 = 3.50 multiplied by say £20 which equals £70. Don't worry this is calculated both by the betting exchange and our calculator. Nor should you worry about the level of liability because you are actually betting on the outcome winning too!
The Method
Example One
The calculator screenshot below shows how to gain a £25 free bet by calculating an acceptable small loss of just 86 pence from the £25 qualifying bet. The selection was priced at 1.85 to back and 1.87 to lay.
![]() Example Two
Now that we have a £25 free bet in our bookmakers account, this screenshot shows us how to cash this out to our bank account assuming the free bet is "stake not returned". The odds to back were 5.50 and the odds to lay were 5.60, meaning we were able to cash out £19.26 to our bank account no matter what the result was. So overall the profit was £19.26 - 86 pence loss to gain the free bet = £18.40. You would identify "stake not returned" by wording to that effect in the T&Cs of the free bet.
![]() Example Three
This calculator screenshot shows the same situation as the scenario above, only this time the terms of the free bet include the stake being returned should the selection being successful. With the odds being the same, we can now guarantee a profit withdrawal of £23.54 (minus the 86p) no matter what the result of the event may be.
![]() Important Information
Getting Started
© 2005 to 2008 - BashTheBookie.co.uk - All Rights Reserved |
| Terms and Privacy Policy
|