Matched Betting - Profiting from Freebets Example

Tom has £100 to invest and has been scrolling through the TGT bookmaker reviews list.  He has decided he wants it to be as quick and easy as possible at reputable sites and for quite low amounts whilst he "finds his feet".  He has chosen the 10* exchange and a 10* Bookmaker, namely Betfair and Ladbrokes to start.  He has deposited £90 into Betfair and £10 into Ladbrokes.  Now to make a profit no matter what happens he has been through the odds at Ladbrokes and compared them to the odds at Betfair and found Holland to beat Scotland at odds of 2 with Ladbrokes.  This is important because to qualify for the freebet at Ladbrokes the odds must be 2 or greater.  He found the corresponding match at Betfair and the lay odds are also 2 so this is perfect.

He places the bet at Ladbrokes:

He places the "lay" bet at Betfair:

Now it does not matter if they win or dont win, Tom will always be winning £10 somewhere and losing £10 somewhere else, he just does not know where yet.  But no matter what he will be ending up in exactly the same position as before he started, only now he also has a £10 freebet to use at Ladbrokes.

He once again looks through the odds at both Ladbrokes and Betfair until he finds the correct score being 3-0 in the England match is 8s at both sites.  So he places the £10 freebet on it at Ladbrokes, this will return him £70 profit if it happens:

At betfair he decides to lay £6 which has £42 of liability if it happens:

So now if it is 3-0 he will win £70 and lose £42 which is £28 profit overall.  This gives him something to cheer on at the pub when he watches the match that night, a 3-0 England win nets him +£28.  On the other hand England may not win 3-0 because they may win 2-0 or 2-1 or they may lose 1-0 it does not matter, for every other possible result Rob will not lose anything at Ladbrokes since it was a freebet but he will pick up £6 profit at Betfair as a consolation prize.

So there you have it, with no risk to his overall £s, Rob has managed to get a bet winning him £28 on England winning 3-0 and at the same time even if he is wrong, he STILL wins £6, yes he makes £6 profit for being wrong.

That is the beauty of matched betting, you make a profit even when you are wrong.  Exactly how you hedge the bets and exactly how much you "lay" each time is up to you and you will get a feel for what you are happiest with in time.  It is possible to lay an amount for exactly the same Net outcomes but this is not advised really, you are better to "underlay" each bet.  A win at betfair is much quicker and easier than a win at the bookmaker, and you can get much higher returns when the bets come in if you only lay to make a minimum smaller amount.

To try your hand at this method of betting you can open a Betfair account by joining here:
JOIN BETFAIR NOW and remember to enter promotion code UKJAHQ7HF for an extra £25 after wagering over £100 too.

And open a Ladbrokes account here:
JOIN LADBROKES NOW with that link providing a £10 matched freebet but check out the current edition of The Racing Post to see if a better offer code is valid and can be entered.

To find the most profitable bets with the best odds rather than just picking what you think or want to happen there are websites that search for you.  www.mbassist.co.uk is the best free site and RebelBetting the best subscription service.