Make £400.00 to £2000.00 Per Month
What Will Matched Betting Cost Me?
Nothing, because there’s no risk involved.
Bookmakers give away free cash sums. Why? To attract new customers and to keep them betting. We take advantage of these offers by placing the bets asked for and gain the offered cash bonuses with no risk to your pocket. All out comes are taken in to account to make sure that nothing is left to chance, that way we gaurentee your profit.
You don’t need to be a gambler or betting wizard, we will provide all the instruction that you need.
What Profit Accumulator Does
Matched Betting is complicated. We make it easy.
Finding the best free bets and bonuses is extremely time consuming, and knowing what strategy to use to turn those bonuses into cash is not easy. So, we do the hard part for you.
First, we show you all of the most profitable offers available. Then, our videos literally walk you through the entire process step by step. All you have to do is watch the video, follow the instructions, and cash out your profit. It’s that simple.
firstly well done for even taking the time to read a guide such as this, as a lot of people completely dismiss the idea, or just can’t be bothered; so good work so far.
1 – WHAT IS MATCHED BETTING?
Broken into its simplest form, it’s basically:
- Registering with an online bookmaker who is offer a free welcome bet. Often these bets might be ‘Bet £50 and get a free £50 bet.
- By place a qualifying bet to unlock your free bet for example betting that Manchester United will win, you then place what is know as a ‘Lay bet’ for Manchester united to loose, using an exchange company like BETFAIR. This then cancils out your first bet. leaving you with am even result or possibley somethines making a very small loss or profit.
- Place a free bet following the exact same method, using you free bet you earned. by following the method you will again have a break even bet. but you have now made the free bet value. which you can now withdraw into your account.
2 – HOW IS IT RISK FREE?
The outcome of the event you bet on DOES NOT MATTER TO YOU. you are simply betting on Manchester United to win and also for Manchester United to loose, the same game. The result Break Even.
But remember you should alway read the terms and conditions and make sure no mistakes are made place both bets. .
3 – I DON’T UNDERSTAND. WHAT’S BACKING AND LAYING?
A ‘Back’ bet is a bet on something to happen – a horse to win a race, a football team to win etc.
Betting against an event, by using an exchange company like BetFair.com
you now bet
a horse to loose a race, a football team to loose.
BACK AT THE BOOKMAKER, LAY AT THE BETTING EXCHANGE RESULT EVENS
5 – THE METHODOLOGY
A lot of bookmakers offer a free bet to new customers as soon as they’ve placed their first bet. We’re going to release this free bet, through ensuring that we don’t lose any money on our first bet.
Ok, so in basic terms, there are going to be two transactions. The first will be the ‘Qualifying Bet’, which is going to unlock your free bet. In many cases, the free bet will be the exact amount of your first bet. So here’s how it goes…
After depositing enough money to make the qualifying bet, you use match checker to search for that bookmaker. In this example we’ll use Stan James, who offer a £10 free bet when you bet £10 with them. You’ll read their terms and conditions to see what the minimum odds requirement is, and then search against your preferred Betting Exchange account (in this case Betfair
So in this case, I’m going to pretend that the minimum odds requirement is Evens (odds 1/1), or in decimal ‘2’. Now this is the minimum required odds that Stan James ask me to bet on. If, for instance I bet on something that was extremely likely to happen (I.e. Real Madrid Vs Accrington Stanley) my odds would be probably 1/60 (If I put £60 on Real Madrid to win, and they did, I would win £1).
Bookmakers obviously want to keep your original £50 stake if they are going to give you a free chance to extract a lot of money out of them, so they want you to bet on something that isn’t likely. Or in our case, has a 50/50 chance (odds of 1/1, or in decimal format 2)
So you’ll notice that I’ve put 2 in the minimum and 4 in the maximum, which is just there to keep our liability down.
I do this because you’re going to have to take someone’s bet to create the ‘break-even’ situation, which means that you will have to pay out to them if the bookie pays out to you. Therefore you’ll have to have their possible profit ready to go, and there’s no sense tying up more money than you need to. If you don’t understand this, refer back to the tables in section 3. You won the bet with the bookie, and therefore gained £60, but because he had the same bet with you, you had to pay your friend that £60. Because you’re using a betting exchange to take that bet, it will be instantly paid to the backer if he wins, therefore you’ll need to have it in your account ready to go. Keeping the odds low is just so you don’t have to tie up too much of your own money.
These are the first three bets that have appeared. Your ‘Rating’ is how much of your stake you will win back following the qualifying bet. It is acceptable to lose a small percentage overall, due to Betfair fees etc., but in the case of the first two bets, we’ll actually win money off the qualifying bet, which is excellent. Now click the ‘i’ button next to Stan James’s logo.
We are now presented with this box. Don’t be intimidated by it, it tells you very little that you did not already know. Ignore the green circle for now, that comes later.
So in the case of your first bet, ensure that the ‘Normal’ box is checked, this tells the online calculator that no free bet is involved at this point. That will come later. Now type in the amount of money that you want to bet, in my case, it’s £10. The odds boxes’ just reflect what is presented on the left hand side of the box. The closer these odds are together, the better for your wallet (in an ideal scenario, you’d like the blue figure to be much bigger than the red figure – thus selling high and buying low)
So what do the numbers in the boxes on the left hand side mean? They represent a return for every pound that you would gamble. In the case of Stan James, which is 2.38 – it means that if you were to put £1 on that outcome, and it happened, you would win a total of £2.38 back (which includes your original £1). This is the figure that Stan James is prepared to offer you on the outcome of the bet.
The other box is the figure that someone is prepared to offer YOU for the bet. There is someone on Betfair.com waiting for you to take their money, but, for you to take that money, they want at least £2.26 for every £1 that you take from them. Incidentally, the person that is waiting at Betfair would be better to go to Stan James, because if he were to win he would receive an additional £0.12 per winning £1, but that’s his problem, not yours.
So you click on the respective GO TO STAN JAMES and GO TO BETFAIR links at the bottom of the box. You will then be presented with the following screens.
In this case, you’re betting on upwards of 3.5 goals. So when you find the match, click on the ‘More Bets’ option
That’s what we’re after. Click on that one. When the box opens, put your £10 bet on it.
So put 10 in the stake box and the rest will update automatically. Then select place bets and confirm the bet.
Okay, that’s half of the bet done. Now to complete the qualifying bet, you need to cover the other eventuality, just in case there are less than 3.5 goals scored. In your other tab, Betfair should have opened. Go to this page.
This is the screen that you should be presented with. What we are doing now is covering for the other eventuality. If there are more than 3.5 goals scored in this game, you will win £23.80 at Stan James. But, if there are less than 3.5 goals scored, you will lose your £10. This is not an acceptable level of risk, so we ‘LAY’ the bet off simultaneously. You become the middleman between the person on Betfair who wants to bet his money and Stan James – and this is how…
Find the appropriate category, the over 3.5 goals one – and click on the box that matches the odds that Oddsmonkey told you earlier. In this case, we’re betting AGAINST Over 3.5 goals, at 2.26. This means that we will win money in this account if there are LESS THAN 3.5 GOALS SCORED. How much money do we take on this? Essentially, almost exactly the amount you bet with Stan James – and therefore removing all of the risk 🙂
Consult Oddsmonkey one more time. You will see that we were advised to ‘Lay £10.77’ (What you stand to win – the 77p will accommodate your fees to Betfair for finding the bet for you) and our liability would be (£13.57 – what you stand to lose should you lose the bet and there ARE MORE THAN 3.5 GOALS SCORED) – but remember, that’s okay – because if that happens, you’ll win with Stan James to that amount. Make sure that there is at least £10.77 in ‘available money’ at Betfair, as indicated by the green circles. Oddsmonkey says that there is £110 available, but there was a change in that amount while the page was loading, now there is £170 available (displayed below the odds in Betfair – refer to green circle) so we’re fine to put £10.77 on. Always make sure that there is enough money available in a market before placing your bet at the bookmaker. That is human error aspect of the process. You can be sure by filling out the ‘min liquidity’ box as your required lay stake, refer to section 5, qualifying bet and the box in grey that says ‘min liquidity’ – put 10.77 in there and you should get only those that have £10.77 or more – but still, check and check again before you place the bet.
So in the ‘Backers Stake’ box, key in £10.77 and click ‘Place Bet’ – Excellent, you’re done.
So, what do we have here? We have two bets, on each of the two outcomes of the game. So lets explore the possibilities of what might happen.
More than 3.5 goals are scored – You will lose £13.57 at Betfair, and win £13.80 at Stan James, so you’re in the black still.
Less than 3.5 goals are scored – You will win 10.77 (minus 5% fees from Betfair – which will take you down to a win of £10.23) and you will lose £10 with Stan James, so again, you’re in the black to the value of £0.23.
This is an excellent scenario. In many cases, it is acceptable to lose up to a couple of pounds on a qualifying bet, but any chance you get to break even or even make a small profit should be taken advantage of.
I know it seems long-winded, but do it a couple of times and you’ll be able to look up the odds and make the two bets in less than 1 minute – I promise you. If you were to assign yourself an hourly rate for Matched Betting, it would probably be astronomical.
6 – THE FREE BET
So now you have access to this lovely £10 free bet. Unfortunately I can’t show you a screenshot of this as I’ve already done it with Stan James. But you’ll have your £10 free bet credited within 24 hours. So when you do, we can use it.
Essentially, you’re just doing the exact same thing again, but this time, for the first half of the bet (when you bet on an outcome with Stan James), you’re not providing the money, so you’re going to equal yourself out again, but only will have supplied half of the money.
So to do this, go back to Oddsmonkey, and search something with odds of 4 or above. There is little point betting on something with odds of less than 4 (3/1 fractional). This is because with ordinary bets, you will receive your original stake back; with around 90% of free bets, you will not receive your stake back. So you have to maximise the profit that you make. If you bet on something for instance that had odds of 1.5, you would make £5 if it came in, as the £10 that you used to place the bet will disappear. If you bet on something that had odds of 4.0, you would win £30, which will give you a higher retention of the £10 free bet. It’s extremely hard to explain this, but bear with me. I’ll try to explain it with the use of screenshots.
Remember, switch to ‘Free Bet (SNR), as you do not receive your stake back.
In this case I’ve shown you what would happen in the case of 1.5 and 1.5. You would win £3.28 profit either way; which just is not worth it.
Now I have changed the odds to 5.0 – and you will notice how the amount you will win has dramatically increased. 5.0 gives us 76.8% retention of the £10 free bet. As a rule of thumb, I tend to accept anything upwards of 75%.
It’s worth noting that you will need £32.32 in your Betfair account to be able to lay off this bet.
The higher the odds of the bet, the more of the £10 free bet you would retain.
When you place the free bet with the bookmaker, make sure you tick the ‘place using free bet’ box – most bookmakers have these. But you do not need to worry about these for Betfair because we are not using free bets at Betfair, we are just using the Betfair (The Betting Exchange) as a tool to balance our bet on each side and ensure we do not lose any money.
So when you’ve found something with decimal odds of about 4 or upwards, fill out the box in the same way as we did earlier, making sure that the ‘Free Bet (SNR) is checked. Go to Stan James and make the bet. Once that’s done, go across to Betfair and find the event that you want. Oddsmonkey will usually just link you straight there. Click on the red box that corresponds with the odds that you were quoted. In the side, you’ll get a box pop-up. Enter in the backer’s stake. In our case, it’s £8 as shown with the corresponding black ring. As you can see, the liability is identical in both calculations.
Make sure there is at least as much money ‘available’ as your backers stake. To see the amount of money available, look at the green circles. In our case, we need to take £8 – so we need to know there has to be at least £8 of money waiting to be taken. In our case, as indicated by the green circles, there is £18 available, so we’re fine to put it on. Always make sure that there is enough money available in a market before placing your bet at the bookmaker. That is human error aspect of the process.
So go ahead and pop that on. Well done, you’ve made your first £7.60 risk free! Give yourself a pat on the back.
And that concludes the guide. It’s a good idea to keep a track of your earnings by using a matched betting spreadsheet. You can use the Ultimatcher 3 spreadsheet, that’s available here (or here for Excel 2003), with instructions here.
THE IMPORTANCE OF TERMS AND CONDITIONS
BE RUTHLESS in looking over the terms and conditions. As I said earlier in the guide, there’s usually nothing there to intentionally trip you up but there are a few things to look out for. Generally, here are the things to scan the text for.
• Amount of free bet
• Qualifying bet and odds
• When the free bet becomes available (straight away or after qualifying has settled)
• Dates of eligibility (qualifying bet often has 7 days to be made, as does free bet)
• Wagering requirements (Usually the free bet has to be bet as a whole, but some allow you to break them up)
• Whether the free bet stake is returned (nearly always no)
• Rollover requirements