Matched Betting for Absolute Beginners

Matched Betting Guide

Matched betting is the term given to the process of extracting guaranteed profit from the bonuses offered by online bookmakers. For example, at the time of writing this article, Skybet are offering £20 if you sign up and stake £5. The ‘qualifying bet’ of £5 is then followed up by placing the ‘free bet’ of £20. By ‘matching’ both of these bets at a betting exchange (Betfair), we can guarantee to extract a profit. At the time of writing this article, there are over £715 worth of offers from UK Bookmakers.

The matching process is simply placing two separate bets. The first one is what is known as a ‘back’ bet. This is placed at Skybet. The second is known as a ‘lay’ bet. This is placed at Betfair. This process involves no gambling because we are covering all outcomes.

Both the ‘back’ and the ‘lay’ are placed on the same game and on the same outcome. For example, the ‘back’ is placed on Southampton to win at odds of 2.1 (only use decimal odds, not fractional odds). The ‘lay’ is also placed on Southampton. By backing Southampton, we are betting that they will ‘win’. By ‘laying’ Southampton, we are betting that they will ‘not win’. The ‘back’ and the ‘lay’ cancel each other out.

Qualifier

Let’s have a look at a practical example of a qualifying bet (from here referred to as a ‘Qualifier’. We will take the Southampton v Swansea game in the English Premier League:

Back:

  • Back Southampton with a stake of £5
  • Odds of 2.1

Lay:

  • Lay Southampton with a stake of £5.02
  • Odds of 2.14

The reason why we stake a little bit more on the ‘lay’ side is because Betfair charges a commission of 5% on any winnings, so that has to be taken into account. Don’t worry too much about the maths just now.

Result of the Qualifier:

If Southampton win:

  • We would win £10.50 at Skybet
  • We would lose £5.73 at Betfair

Because £5 of the Skybet winnings was our initial stake, our profit at Skybet is £5.50, so:

  • £5.50 – £5.73 = – £0.23

If Southampton draw:

  • We would lose £5 at Skybet
  • We would win £4.77 at Betfair

So again, we’ve lost 23 pence:

  • £4.77 – £5 = – £0.23

If Southampton lose:

  • We would lose £5 at Skybet
  • We would win £4.77 at Betfair

So again, we’ve lost 23 pence:

  • £4.77 – £5 = – £0.23

So whatever happens in the Southampton game, regardless of the result, we’ve lost 23 pence on the Qualifier. However, we have unlocked a £20 bonus.

Free Bet

We now have a £20 in our Skybet account as a bonus. This part is slightly more tricky. Here is an example of how we would use the matching process to extract the profit:

Let’s take Southport v Grimsby

Back:

  • Back Southport to win with your £20
  • Odds of 6.5

Lay:

  • Lay Southport with a stake of £19.26
  • Odds of 6.8

Result of the Free Bet:

If Southport win:

  • We would win £130 at Skybet
  • We would lose £111.70 at Betfair

Because it was a free bonus, £130 is pure profit, so:

  • £130 – £111.70 = £18.30

If Southport draw:

  • We would lose £0 at Skybet (because it was a free bonus)
  • We would win £18.30 at Betfair

So again, we’ve won £18.30

If Southport lose:

  • We would lose £0 at Skybet (because it was a free bonus)
  • We would win £18.30 at Betfair

So again, we’ve won £18.30

So whatever happens in the Southport game, regardless of the result, we’ve won £18.30 by covering all possible outcomes of the game.

Here are the results of both our ‘Qualifier’ and our ‘Free Bet’:

  • Qualifier = – £0.23
  • Free bet = £18.30
  • Total profit: £18.30 -£0.23 = £18.07

That means you have made a profit of £18.07 without risking a penny.

Betfair Espionage Review

Can you really beat the bookies at their own game with the Betfair Espionage system? Kris Jackman, the owner of this horse betting system, claims that he has been able to make more than £2,000 minimum every day using the methods he reveals in this new guide. It got me really curious to find out more about what he was doing, but I was also concerned about how much time he was spending to make the type of income he talks about.

1. Is the Betfair Espionage System Worth Using?

Even though I have seen several horse betting strategies that could make money, many of them simply consumed too much time to use, and the profits earned was not worth spending the time to earn it. This system by Kris Jackman focuses on the trading aspect on betting exchanges rather than straight backing and laying methods.

This has proven to be much more profitable and less risky, consistently generating me profit every week. Having tested it over several weeks, I have managed to increase my betting capital every week even though not every day was profitable. It also took a reasonable amount of time to find selections which made it well worth the time to use.

2. What is the Betfair Espionage System by Kris Jackman All About?

His method is about finding horse selections and making trades on them based on analysis that helps predict reliably their price odds movement in the short term. Even though I had thought I knew a lot about trading on a betting exchange already, Kris has revealed many more surprising facts and secrets of Betfair trading that most never knew or thought about before.

3. How Much Knowledge Do You Need to Have Before You Can Profit Using Betfair Espionage?

The first few sections of the guide is catered to complete novices as it explains everything about bet trading in detail. Even though experienced punters may feel that they can skip this part, I would highly recommend all users to read Kris’s perspective on betting trading as it has been very helpful for me.

Stu Ungar – Gambler, Addict, Loser, Legend

If you chance upon a cluster of people at a party chitchatting about great poker players, there would be no doubt that you would hear the name Stu Ungar come up at least once. There are a lot of people in the poker world who actually consider Stu Ungar the greatest poker player of all time – second to none. Of course there would be those who would contest that but the greater majority would agree that Stu Ungar was one of a kind.

Born in September 8, 1953 as Stuart Errol Ungar, he was nicknamed “The Kid.” He was born to Jewish parents in Manhattan’s Lower East Side. Though Stu is most known for being a poker player, he actually started out playing gin rummy. His skills were such that at the age of ten, he won a local tournament. Four years later, he was already one of the best gin rummy players in New York. As his father had died in 1968, he dropped out of school to focus on playing at gin rummy tournaments to help support his family.

Stu’s genius in gin rummy proved to be too much for his opponents. Eventually, no one would want to play with him anymore as he beat them too badly. He soon moved Las Vegas and proceeded to make his reputation in gin rummy there as well. After a while, the same situation evolved – no one would set up a match with him as he would just grind them to pieces. That was when he channeled his attention to poker.

In 1980, Stu made a name for himself in poker when he beat Doyle Brunson, a poker legend by his own rights, at the World Series of Poker. Stu is the only poker player to have won both the WSOP title and the Super Bowl of Poker three times! In fact, by the time he was 25 years old, Stu had won the WSOP twice already. He earned his last title in 1997 when he played at the WSOP for the last time.

Stu was not only into gin rummy and poker but was a great blackjack player as well. This could be attributed to the fact that he had a very high IQ – a genius, that is – and he had a photographic memory as well. This served him well in card counting and he was eventually barred from a lot of casinos because of this skill.

Not all was rosy in Stu’s life, though. He was known for his drug abuse and troubled marriage. In those days, professional poker players were not known for their polite behavior as well. Stu was quite well known for dealer abuse. This poker great’s life ended in 1998 when his body was found at the Oasis Hotel. Autopsies recorded that he had drugs in his system though they were not indicated as the main cause of death. However, records showed that the heart failure that killed him was a result of years of drug abuse.

I think the best thing to remember Stu by would be one of his quotes: “Some day, I suppose it’s possible for someone to be a better no limit hold ’em player than me. I doubt it, but it could happen. But, I swear to you, I don’t see how anyone could ever play gin better than me.”

Horse Racing Tomorrow – Searching For Clues to Increase Your Betting Performance

Like so many countless thousands of others, you may be looking at horse racing tomorrow to make money betting on horses. If you take this seriously you should always be willing to learn and listen. No one man knows it all, therefore even the very best minds should be prepared to increase their knowledge of this most enjoyable past time.

Too many of my amateur peers when betting do not stop and take the time to consider ‘what can I do to really improve my results?’ Just going from day to day, then week to week betting on horse racing tomorrow and then the day after with the same routine and methods!

What would you do to improve any other part of your life if it was lacking in something? Educate yourself of course! The same should be true for anything in life that you want to improve. So every single gambler/investor should take some time out at the end of the season or during if need be. To consider the areas of the sport that they would do well to improve upon.

Most semi serious punters target their bets at one form of racing maybe more than others. Unfortunately there is still a huge majority who wonder why they lose when betting. When they have no plan of attack, drifting from one Novice Chase to another twenty two runner handicap hurdle!

What can we all do to improve our knowledge and therefore chance of winning when betting on horse racing tomorrow?

Firstly, do you record every single bet that you place? If not and you are attempting to take this game seriously this is without a doubt the first and most important thing that you can do in order to improve your betting future. Only with this knowledge can you do the following and that is the next step in our betting progression!

That is, to take a look at the areas of our bet history that have let our performance down in some way. If you keep great records then you will quickly and easily spot that you may be losing more money when betting on hurdles races. Or you may quickly see that you are winning considerably more money when you bet on flat races with less than ten runners!

Find your weaknesses, and begin to unravel the facts. If you are unable to study and create the education that you need to brush up on the draw bias at Chester or the going relevance at Towcester then simply remove these bets from your portfolio.

Remember that one of your strongest betting tools is the ability to NOT BET in a race! You can sit there and relax and just enjoy the racing if it does not meet your criteria. You may want to do this dozens of times especially for the race conditions that have been causing you to lose money! In this way you can hopefully begin to understand these conditions more without the emotion of the bet involved.

The second most important facet of your betting to reconsider is your staking plan. So many punters still use outdated staking plans that are not optimizing their winnings properly. It is hard enough to consistently find winners, so when you do you want them to pay as much as possible!

With the advancement these days of computer software there is no reason why you cannot back test your past twelve months results through software using various staking plans. This is a great way to learn how to optimize your potential year end gains. You might be amazed to see how much more another staking plan may have created for you.

These two simple tasks should be performed at least once a year. At the end of the season, plan to not bet on horse racing tomorrow and to undertake this research. If you can get in to this mindset of increasing your awareness and strategy you can become one of the elite few who really profit when betting on horse racing.