Definition:

A bet is simply a wager that a particular event will not occur, ie the betmaker takes over.

Example:

Imagine that Man Utd is playing Aston Villa in keonhacai If expressed in decimal odds, the odds of Man Utd winning are 2.25 or 5/4 fractionally. Aston Villa’s win is possible with 4 (or 3). The odds of winning the draw are 3 or 2/1.
If you wanted to place a bet on Aston Villa winning, and were prepared to pay PS10, this is basically offering PS10 to someone who would like to wager on Aston Villa winning. You’re taking the place the Bookie and allowing punters to place a wager.
You place a wager against an event. In this case, you’re betting against Aston Villa winning. You are considered successful if Aston Villa loses or draws. You can only lose your money if they win.

Any bet can be placed at any online exchange. The most popular are Betfair and Mansion. These will be discussed in greater detail in the article.
If Aston Villa wins, you will have to pay PS40. (The PS10 Lay and then the PS30 Winners – PS10 Lay x odds of four = PS40
If Aston Villa loses or draws, you will get the PS10 lay. This was the punters’ money.

Another example:

Imagine that Arsenal is playing Tottenham Hotspur in football. If you convert decimal odds to odds, the odds of Arsenal winning are 3 (or 2). The odds of Tottenham Hotspur winning are 4 (or 3/1). The odds of winning the draw are 2.25 (or 5.4)
You can place them to win if you believe there will be an upset and Arsenal won’t win. At odds of 3:0, you can lay them with PS40. This means that you will earn PS40 if Arsenal loses or draws.
If Arsenal win, you will have to bet PS120. (The PS40 Lay and then the PS80 Winners – PS40 Lay x odds 3 = PS120).

Making money with this:

This may sound like gambling to you. However, there are ways to make sure that you win with the help of online bookies.
Many online bookmakers will offer a sign-up bonus. For example, if you sign up and place PS30 bets, you will receive a PS30 free bet.
Profits can be made by matching/laying bets or using the bonus bet.
Matching a bet means that you cover both sides of the bet.
As mentioned in the article, you could imagine placing a wager. You then make the exact same bet, but you place a bet on a different amount and at certain odds at a bookmaker. You will receive your winnings from the bet, but you will have to pay out for your lay. These are the cases where both outcomes cancel out. You have not only lost but also gained nothing. If you use bonus money or a free bet, you’ll make a profit on either the lay or the win.

It is important to note that you should try to lay a bet at odds that are as close as possible to actual odds available at the Bookmakers. This ensures that there is minimal risk when placing bets. You can also guarantee a profit if the lay odds at Exchange are lower than the odds at Bookmaker.

A Matched Bet made with your own money.

The odds of Chelsea winning is 3, or 2/1. These are their odds of winning at the bookmakers. The odds of Chelsea winning the Premiership are the same as for betting on the exchange.
You can cancel each other if you place PS10 on Chelsea winning the Premiership at the Bookmakers and then lay PS10 at The Exchange.
If Chelsea wins the Premiership, you will get PS30 from Bookmakers (PS20 profit) and the PS10 win with the winnings. The lay at the Exchange will cost you PS30. This includes their PS10 stake as well as the PS20 winnings. Thus, you will make a profit of PS20 at the Bookmakers and a loss of PS20 at the Exchange. You are now back at square one and you have not made any gains or losses.
To confirm, if Chelsea had not won the Premiership you would have lost the PS10 bet at Bookmakers but won the PS10 lay on the Exchange. Again, each of these cancels out.
This is all pretty useless unless you are using a free wager.

A Matched Bet with your own money and a Free Bet:

To keep things simple, we will continue to use the same scenario.
There are 3/1 odds that Chelsea will win the Premiership. These are their odds of winning at the bookies. The odds of Chelsea winning the Premiership are the same as for betting on the exchange.
You will make a profit no matter what if you place a PS10 free bet on Chelsea winning the Premiership at Bookmakers and then lay PS10 at the Exchange.
You will win PS30 if Chelsea wins the Premiership. As long as the stake-returned free bet was not returned, The lay would require you to pay PS20 at the Exchange. You will then have a total profit of PS10 (PS30 wins minus PS20 lay loss).
If Chelsea loses the Premiership, you will lose your free-bet. However, you will still win your PS10 lay so you can make PS10 profit.
This scenario shows that you can get almost all of your free bet back by using a free wager. It is not always possible to get the entire amount back due to a few problems. Lay Exchanges often charge a commission for winnings from a lay or bet. Betfair is the most well-known Exchange. The commission is typically %5.
The free-bet may sometimes be SNR, or stake non-returned. If you place a PS10 wager on odds of 2/1, you won’t get your stake back.

These and other problems can be easily resolved by the spreadsheets and programs that are freely available to anyone who wants to work out their bet matching. You can usually use these to create a field for you to enter a non-stake returned figure (or stake forfeit) and also to allow you to enter your Exchange commission rate.
Many times, when entering odds into the spreadsheet, programs won’t accept decimal odds. Although most Bookies can offer fractional odds on request, it’s easy enough to convert the two.

If fractional odds were 4/1 then divide the top by bottom and add 1.

4 / 1 = 4 + 1 = 5.

Or, if the fractional odds were 4/4:

5/4 = 1.25 + 1 = 2.25

Stake Not Returned:

Bookmakers will often offer non-returnable free-bets. People can use the free bet on a certain outcome, such as Chelsea beating Rushden or Diamonds. The entire free bet would be returned to them, along with any other winnings. They would not make any money if the stake on such a bet isn’t returned. If the odds of Chelsea beating Rushden and Diamonds were 1.2, and you had a PS20 stake not returned bet, and you placed the PS20 on Chelsea winning, you would receive PS4 back. You would have received PS24 if your stake had been returned.
The Bookmakers do not want anyone to be able this. This is why bonus or free bets are rarely stake returned. This can be avoided by placing a high-odds wager when using a free-bet.

Imagine if you were to go the opposite way and use the PS20 free bet on Rushden and Diamonds in order to beat Chelsea at odds 9. This would have netted you PS160. The stake we originally placed is not included. This is a much better return than the PS4 you would get if you had backed Chelsea. It is unlikely that Rushden and Diamonds would win the match, but as long you remember to lay the bet at The Exchange, most of the free money would be yours. As long as you find odds similar or lower when placing the same outcome at The Exchange, it would be possible to unlock the majority of the free bet.

The matched bet below shows that the Lay stake required to match this bet would be PS10.29. There is a closeness of %97.79. In the above situation, the Lay Odds are lower than the Back odds by 0.05. This would normally create an Arb*. However, due to the Lay Commission of %5 there is no arb. If you make a qualifying wager and then lay it out you’ll usually lose a little, as long as the odds are reasonable close. On rare occasions, Lay odds will be lower than Back odds. You will still make a profit, regardless of what happens during the event. You may lose a little when you match the bet. However, this is normal because you will get a bonus or free-bet by matching the bet. You can earn about %80 as a bonus or free-bet, as long as you match the bet correctly.

How to Place a Bet

When placing your bets, it is best to use a popular Exchange such as Betfair. Betfair’s commission rate is usually %5, but it can sometimes be %1. It’s best to verify the terms on their website.

Betfair makes it easy to place a bet. Simply search for the market you want to bet on and then find the event you bet on. If you are matching a wager, you will see pink or white values on each side of the screen. The white values can be used to back an event. The pink side refers to the lay side. These are the current lay prices. Below each value is a list of how much money you have available.

You can set your own price and put as much money as you wish to accept at Betfair’s Exchange. It is up to the other user to decide whether or not to accept the Lay value and how much they want to take. If you don’t accept that (the bet isn’t matched), then you can lower or cancel your Lay value.

At odds of 4, someone might have placed a PS100 bet at the Bookies on Bolton winning against Arsenal. The same person could then use Betfair to place a Lay value 2 on Bolton’s win against Arsenal and make PS200 available. This person will then have to wait until other Betfair users accept the odds that he has set.

Guidance, Drawbacks, and Limitations:

There are some things that can hinder your success in matched betting or arbitage betting. Arbitage betting is the most significant factor. Matching betting is safe as long you understand what you are doing.

Be sure to know exactly what you’re doing
Although this is obvious, it’s important to read the entire article before you start any matched betting. This is how you will get the Bookmakers bonuses. Maybe you’ll be able to take up Arbitage betting once you get comfortable with it. It is possible to lose a lot of cash if you don’t know how to lay an event or if you Lay the wrong event. It is important to take your time and double-check your figures.

Stick with familiar markets and sports
As you have likely noticed, every example on this website is about football. Because it is considered the most secure sport to wager on due to the rules of the Bookmakers and Exchanges. In tennis, for example, it is possible for a player to retire during a match because of injury. While some Bookmakers may have one set rules and not pay out on the winner, others might have other rules. Horse-racing rules may also change depending on whether a horse is non-runner or pulls out. You can still bet on other sports than football. But make sure that you know the rules. Because most Bookmakers and Exchanges use the same rules, football is considered to be quite safe. It’s rare for something to go wrong.

Also, make sure you know the market you are placing your bets on. Rules can change according to the Bookmakers and Exchange. You must ensure that you are backing the same event at the Bookmakers as you are at the Exchange if you place the same event at the Exchange. Sometimes, the Commission Rates at the Exchanges may change for certain markets. Be aware of this as well. You could lose out on extra money if the Commission Rate is not reduced to %3.

Be wary of the commission rate
The changing commission rate for certain markets was mentioned in an earlier post. This can also be applied to the entire Exchange. Betfair’s commission rate is %5 on the majority of markets. This means that you will need this value in your lay calculations. If you use Mansion Exchange, their default value would be 1. If you don’t know the exact value of the Commission Rate at the Exchanges you use, you might miss out on additional money.

Betfair has a program where you can get a lower commission rate if your spend so much at their Exchange. These are important things to be aware of if you want to maximize your earnings.

Liability
When placing a bet on an Exchange, liability is very important. Liability is a term that refers to the amount of money that must be wagered and the risk associated with an event. The liability is the amount you have to pay if an event is laid at the Exchange. If the lay event occurs, this is the amount you have to pay. Your liability will increase the more you lay value and lay odds. Arbitage betting may not be for everyone. In some cases, you will need large amounts of cash in your Exchange betting account to cover any potential losses. If you match the bet correctly, you’ll have a larger or equal amount at the Bookmakers to offset this loss. However, you will always need to have the money in the Exchange in case of a payout.

Market Changes
This is a constant problem that is almost unavoidable in bet laying. People will rush to grab the lowest price when someone sets a Lay price and an amount they are prepared to pay. It takes only seconds for the Lay price you used in your calculations to disappear and you will have already placed the bet at Bookmakers. This happens to everyone and it is only one of many things. You have two options in this situation: either wait and hope for a lower Lay price or cut your losses and lay at a higher price. This will result in you losing money. While some people attempt to avoid this problem by placing the bet first and then backing the Bookmakers, it is possible for things to go wrong. In the case of mistakes, it is best not to rush. However, be sure to have a set amount of money and plan ahead. You should be aware that market prices can fluctuate due to injuries to players or general emotions about the event.

Bookmaker Limitations
This is especially true for those who are involved in Arbitage betting and will be betting large sums of money. Bookmakers may become alarmed if you win too often at a Bookmaker or start winning large amounts of money, or even begin betting with unusual amounts (PS23.57, for instance). They won’t like people winning too many times, so they might impose a limit on your wins. This could mean that your winnings may be restricted in the bets you place, which can prevent you from making big wins. You will be fine if you know about any limitations. However, if you don’t and suddenly spot a nice Arb, and decide to Lay before backing a certain amount at the Bookmakers you could lose a lot of money.

Bookmakers sometimes offer deposit bonuses such as a bonus of %30 for deposits up to PS80. The Bookmakers may become suspicious if someone calculates the exact amount that maximizes the %30 bonus. They are not happy when people deposit PS46.73 at once, so they could offer a bonus. You should also be aware of this as it could limit your options. To avoid being noticed, round up the value to PS45 or PS50.

Cashback and Free Bets

Match-betting is only possible if you are able to find free betting opportunities. It doesn’t matter if you are looking to get a free bet at the bookies or if you are already making a profit with the free-bet. A few websites list all the available free-bets from the bookies and keep them updated. These websites make money by selling affiliate links. However, you can still take advantage of the bookies if you join them through a cashback website.

Rpoints is an excellent option if you are looking for a website that offers cashback on almost all online purchases (it’s completely free to sign up and use), Although this website does not offer as much cashback, it promises to match any competitor’s rate of cashback. Rpoints offers cashback on a number of online Bookmakers and Exchanges. Some of these are not listed at other cashback websites. Quidco is another cashback website that you should sign up for. Quidco charges PS5 administration fees for requests to pay, but these fees are deducted from your earnings. There are many online Bookmakers that you can join from Quidco. They aim to return nearly %100 of affiliate money to the original user. This is why they offer a high rate of cashback. BetRescue is the other website. Here you can see all of the bookmakers that offer free bets and their terms and conditions. You can get free money by signing up for the bookies, and they will send a check to those who meet the criteria.

By Mary

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