Matched Betting Guide
Online bookmakers offer free bets as an introductory incentive for new members.
To obtain a free bet, you must first place a qualifying bet with your own cash; this normally has to be of equivalent value.
There are two types of free bets, stake returned or stake not returned.
Matched betting involves both backing (betting for) and laying (betting against) the same outcome simultaneously.
You can only lay bets at a betting exchange.
Betting exchanges make their money via commission and you must pay this on all winning bets
If both your back and lay bet have been placed correctly, there can only be two possible outcomes
(1) YOU WIN AT THE BOOKMAKER and LOSE AT THE EXCHANGE or
YOU WIN AT THE EXCHANGE and LOSE AT THE BOOKMAKER.
To ensure you enter the correct stakes when backing and laying, we recommend you always use our Automatcher or alternatively for those who want to do matched betting manually, our matched betting calculator.
If your back bet wins, both your winnings and stake will be returned to you.
If your back bet loses, you will lose your stake.
If your lay bet wins, your lay stake will be returned to you as winnings minus the betting exchanges commission.
Remember your lay stake is the amount you want to win, and not the amount you want to risk.
If your lay bet loses, you will lose the liability from your lay bet.
Your ‘ liability ‘ is the amount that you risk at a betting exchange when you place a lay bet.