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A place to hopefully find all the resources you’ll ever need to become a new Match Bettor and make some money placing calculated bets. If you are new to Match Betting or have never even heard of it before, we hope to provide you with a clear understanding of what it is, how it works and how you can make money from it!
Match Betting is NOT GAMBLING, whilst there are some risks involved, mainly down to your own competency, if you stick to the rules, there is NO GAMBLING, like casino sites!
Check out Bet Types for Match Betting:
Match betting is very simply a way of making money out of the difference in odds on various sporting events. This may be a Football Match, Tennis Match or even a Horse Race, to name a few.
Well lets consider a simple bet first. For the purposes of this example, we will imagine a football match between Scotland and England.
In a bet there are always two sides:
1) The Punter (person making the bet, this is effectively you)
2) The Bookmaker (the person who takes the bet)
Now if you believe that Scotland will beat England you wish to place a bet on Scotland to win. This is also known as “backing” Scotland. You are placing a “back” bet.
In order to place this bet you need someone else ie. the Bookmaker, to “lay” out some odds for you to make your bet on, for example, 3/1. This would mean that if Scotland win, for every pound you bet, you will win £3. Plus your original stake (bet).
If you bet a pound and Scotland do indeed win, you will receive £4 back from the Bookmaker. Your £3 winnings, plus your original stake.
So we now know that there is always two people involved in a bet:
Okay now that we know what a simple bet is, what is match betting….
We all know that there are hundreds of bookmakers out there and that they will provide us the chance to bet on a variety of sports.
What you possibly didn’t know is that almost all of these bookmakers will offer you “free” money to sign up with them. The only catch is that you will probably need to bet this money, but that’s ok!
Let’s say that you place your free bet with the bookmaker. If your bet wins, then great you have made some money, but if your bet loses you have made nothing (this would be gambling, albeit with a free bet!).
What if we could place our bet with the bookmaker using their free money and then act like a bookmaker ourselves, taking someone else’s money on exactly the same bet. That would mean that we were no longer gambling, if our bet loses, it’s ok as we make our money back from the people who placed their own bets with ourselves. If our bet wins however, we need to give our winnings to the people with whom we acted as bookmaker and who placed their own bets with us, as they too have won.
I know, i know there are a couple of questions your asking yourself….
1) How do we ever make money then?
2) I’m not a bookmaker, so how can i ever do this?
* Remember we add our Free Bet again as we get our Free Stake Back = (2 x £10) + £10 = £30But if they lose, we would currently end up with nothing and lose the Free Money that we could have gotten from the Bookmakers offer. In order to prevent this we now need to place a “lay bet” where we act as Bookmaker.
We decide to offer exactly the same odds to others online (2/1), in order to cover the previous bet that we just placed above. We want to “Lay” £10 of bets.
This now means that, if Germany lose the game our “back” bet above has lost, however our “lay” bet has won and all those people that placed their own bets with us lose their stake. Therefore if….
We lose £10 (free stake) on our “back” bet at the bookmaker
We make £10 on our “lay” bet, as we do not need to payout because Germany lost
Result: We have now effectively transfered the Free Bet value into our separate account for Lay Bets, where we can easily withdraw it as we please.
We make £30 on our “back” bet at the bookmaker
We lose £20 on our “lay” bet where we acted as the bookmaker.
(We only lose £20 as the original stake that punters have placed with us makes up the difference)
Result: We have now placed a bet using our “Free Bet”, which means we have now qualified to withdraw our money from the Bookmaker account. We won £30 which we withdraw and we only need to payout £20 to our punters in our separate Lay Bets Account.
Don’t worry if your not following very well, it’s actually simple and you’ll pick it up! Remember to use our discussion page to ask any questions.
Question 2 – “Okay so that all sounds great but how am i ever going to act as bookmaker”. Actually it’s quite easy using a thing called a “Betting Exchange”. These are easy to setup and you can even get a free welcome bonus from them too. I’ll get to that!!
A betting exchange allows you to both place a “back” bet and a “lay” bet. This means that you can act like a bookmaker through them and they will match your “lay” bets with someone else who wants to place a “back” bet on the same event! Easy!!