Matched Betting Explained : Betting Exchanges

Today we are going to have matched betting explained : Betting exchanges to be precise . I’m going to explain to you exactly how this type of betting works. You’ve probably seen bookmaker welcome offers advertised on TV. They’re usually something like “bet five pounds, get a 20 pound free bet,” which means you sign up to the bookmaker, place your first five-pound bet, and in return, they’ll give you a 20 pound free bet. There are over 30 bookmakers with welcome offers, meaning you’ll get over 800 pounds worth of free bets, which we then convert into 600 pounds in cash profit. It’s important to mention at this point that we will be placing bets. This is not gambling. At no point will you be relying on chance or risking your own money.

Now you’re probably wondering how we make this risk-free. The secret is we bet on both outcomes. If we bet five pounds on England to win, we would also bet five pounds on them not to win. That way, we can’t lose. Now you may be wondering, what if the teams draw? Well, betting on England not to win is the same as betting on them to draw or lose, so all outcomes are covered. We don’t win any money, but we don’t lose any either. However, we now have our 20 pound free bet, and it’s from this that we make our profit.

We do this by repeating the process with our free bet, but we’ll explain more about this later. For now, all you need to know is that for every 20 pound free bet, you will make 15 pounds cash profit. That’s around 80% of the Freebet. Each offer takes a maximum of 30 minutes to complete, which means you’ll be making 30 pounds an hour. You can start with a bankroll of as little as 10 pounds or more if you want to profit faster. Winnings are completely tax-free, and the profit doesn’t end with the welcome offers, as bookmakers offer free bets to existing customers. This makes match betting the perfect way to make money on the side. Just remember, anyone can do this, and we’re always here to help.

So, if you’re interested in making an extra 600 pounds, keep reading where we’ll explain the basics of betting. In this article, we’ll be covering betting basics. Match betting is 100% risk-free, but to fully understand it, we must know the mechanics of placing a bet. In this article, we’ll be telling you what bookmaker odds are and what a free bet is.

So, what is a bookmaker? The bookmaker is a company that takes bets on sporting events, offers odds, and pays out winnings. The bookmaker sets these odds in their favor, and that’s why the house always wins. They have physical shops as well as online websites where people can place bets. You’ve probably seen the likes of Coral, Ladbrokes, and William Hill on the high street. Bookmakers offer odds on sporting events, but what exactly are odds? Odds are the probability of an event happening, and they determine how much we can win from our bet.

This guy doesn’t have much of a chance, so we would win a lot of money if we bet on him and he won. The opposite is true of his opponent, as he’s the favorite. But how do we represent odds, and how do they work in match betting? We always use the decimal format of odds, for example, 1.6, 4.8, or 7.0. Saving about ten pounds on England to win a football game at odds of 3.0, this means if England draw or lose, the bookmaker will keep our ten pounds, but if England win, we would work out what we’ve won by multiplying the stake by the odds. So our return will be ten pounds times three point zero, which equals thirty pounds. This means we have our ten pounds back and have also won 20 pounds.

Say instead the odds are 5.0 on England to win. If we make the same ten-pound bet and it wins, we would return 50 pounds. Ten pounds of that would be our stake back, and 40 pounds of it would be our winnings. Some bookmakers represent odds as fractional, for example, 1/2, 7/2, or 5/1. Fractional odds work differently to decimal, so if we come across these, we simply change the settings to change back to decimal odds like so. Each one of our guides shows how to do this on each bookmaker.

Finally, what is a free bet? A free bet is a reward given to us by the bookmaker, and it’s placed just like a regular bet, except if we win our free bet, we do not get our stake back. Using the previous example of betting at 3.0, say we are placing a ten-pound free bet instead of betting our own money. If England don’t win, then we don’t lose or gain any money. The free bet has been used. If we win, we only return 20 pounds instead of 30 pounds as we did in the example using our own money. This is because free bets do not return a stake. If we win, free bets are, however, how we make a profit in match betting, but we’ll explain exactly how we do this in the step-by-step articles.

And those are the basics of betting. Check out our next article where we’ll explain what our betting exchanges are. In this article, I’ll be revealing what betting exchanges are and how it allows us to cover all outcomes. Two platforms are used when match betting. One is the traditional online bookmaker, such as Coral, and the other is an online betting exchange, such as Betfair. With a bookmaker, we can place a five-pound bet on England to win a football game. If England don’t win, then the bookmaker keeps our five-pound bet. However, if England do win, they must give our five-pound stake back plus ten pounds of winnings. This is called our back bet. Backing a team is betting that they will win.

A betting exchange, on the other hand, is a marketplace for the public to bet between each other. This is different from the bookmaker as you can take bets from others, effectively becoming the bookmaker. So on an exchange, we can now take a five-pound bet from a fellow exchange user on England to win. If England don’t win, we keep their five pounds. If England do win, and just like a bookmaker would, we give them back their five pounds and pay them ten pounds in winnings. This is called our lay bet. Laying a team is betting that they will not win, or in other words, that they will draw or lose.

So how does this cover all outcomes? Let’s look at the same example using a table. Let’s say England is playing Brazil. If England win, we win ten pounds from our back bet but lose our lay bet, having to pay out ten pounds in winnings. If the match is a draw or Brazil win, we lose our back bet as the bookmaker keeps our five-pound bet, but we win our lay bet, keeping the exchange user’s five-pound bet. This means no matter the outcome, no money is lost or won from the initial five-pound bet. But great news, our back bet has triggered the 20-pound free bet, and our lay bet makes our back bet risk-free.

I’ll now show you the most popular betting exchange, Betfair. com. These are the odds for the match result between England and Brazil. If you’re unfamiliar with odds, check out our betting basics article first. The pink boxes show the odds to lay, so we only ever use these when on Betfair. This one shows the odds for England not to win. Once you click this box, a separate box will appear on the right that allows you to enter your laying liability. This is how much you’re set to lose from the exchange if your lay bet loses. But don’t worry, it will always match what you are set to win from the bookmaker back bet. We’ll cover this in our next article.

What is liability? As I touched on previously, liability is the amount we need in our Betfair exchange account to be able to place our exchange bet. So what exactly is liability? Liability is the amount we lose in the betting exchange should our lay bet lose. Let’s use the same example from the last article. So on Coral, we are placing a five-pound bet at odds of 3.0 on England to win, whereas on Betfair, we are taking a five-pound bet at odds of 3.0 from an exchange user on England to win. This five pounds is our lay stake. If England don’t win, then we keep the exchange user’s five pounds. If England do win, we must return the user’s five pounds and payout ten pounds. This ten pounds is our liability.

So here you can see that if England draw or lose, we lose our five-pound bet on Coral but win the five-pound lay stake on Betfair. Whereas if England win, then we win ten pounds on Coral, but we also lose our ten-pound liability on Betfair. So don’t worry about the liability in that if you lose your liability on Betfair, you will always win the same amount on Coral.

Let’s now use an example with higher odds. Let’s say Norway is playing Scotland, and we bet five pounds on Norway to win. On Coral, we are placing a five-pound bet at odds of 5.0. We then lay the same amount on Norway to win at odds of 5.0 also, effectively betting against them winning. If Norway draw or lose, we lose our five-pound stake on Coral but win our five-pound lay stake on Betfair. If Norway win, we make twenty-pound profit on Coral, but we lose our twenty-pound

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