Matched Betting Guide

Live Matched Betting Example - Free Bet

Once you have read our matched betting guide and familiarised yourself with the basics of matched betting, we recommend that you follow the live matched betting example below, it shows a current matched bet for Totesport with real live, up-to-date odds.

To assist you, you will find live screenshots of the betting screens for both Betfair and "Totesport, showing the selection to bet on and what odds to bet at. The screen shots for both sites are updated every 5 minutes dynamically and replicate what betting odds you will find on the actual betting screens.

The Qualifying Bet

Step 1 - Open your betting accounts

Click here to go to Totesport , click open account and fill in the registration form. Once complete, deposit £5 into your new account using your card.

Now click here to go to Betfair . Again, open an account and deposit £10 .

Step 2 - Obtain the free bet without risk

Place a bet with the bookmaker to qualify for the free bet

This involves placing a £5 back bet in Totesport, using the funds you deposited. Once this £5 bet is placed, your account will be credited with a £10 free bet.

The Match - Leeds United v Nottingham Forest Leeds United v Nottingham Forest v - Monday April 4/21/2014 - 17:15:00

NB: If the odds are displayed in fractional format (e.g. 9/4), we recommend that you change the odds display to decimal as that's how we advise odds. To do this simply use the drop down near the bottom right of Totesport as pictured below.

Change to decimal odds format

In Totesport navigate to the England - Championship 2013/2014 matches on the football menu at the left of the screen and find the Leeds United v Nottingham Forest v match. You will then see the betting screen below. Click the box showing odds of 2.88 corresponding to Nottingham Forest.

Find and select the football team to bet on

In the betting slip, stake £5 as highlighted in the red circle below backing Nottingham Forest to win, then click 'Place Bet'.

Enter your stake and press Place Bet

Lay the bet in Betfair to cover all the outcomes and make the bet risk free

To cover all the event outcomes and make the bet risk free, you will need to lay the same selection in Betfair that you backed in Totesport i.e. Nottingham Forest To find the correct market in Betfair, go to the sports page and on the left hand menu, navigate to: Football Fixtures > Fixtures 21 April > Leeds United v Nottingham Forest > Match Odds.

Now lay Nottingham Forest NOT to win. To do this click the PINK box corresponding to Nottingham Forest, showing odds of 2.76 as highlighted in the red circle below:

The betfair lay screen

The betting slip will appear on the right hand side. Stake £5.31 laying Nottingham Forest NOT to win, the liability will be £9.35 and will appear on the right hand side. Click submit and make sure you confirm your bet. Remember when you lay a bet the stake is the amount you want to win and the liability is the amount you stand to lose, you are offering odds to a backer.

Outcomes for the initial, qualifying bet

  • If Nottingham Forest wins the match, you will make £9.40 profit in Totesport and lose the £9.35 liability in Betfair, leaving you with an acceptable loss of £0.05.
  • Leeds United wins or the match is a draw, you will make £5.04 profit in Betfair (your £5.31 lay stake minus 5% commission) and lose the £5 in Totesport, leaving you with an acceptable loss of £0.05.

Step 3 - Convert the free bet into withdrawable cash

Now that you have the free bet in your Totesport account we will place a bet with it to turn it into guaranteed, withdrawable cash - the final step of a matched bet. Note: it doesn't matter that the bet in step 2 (above) has changed from the one that you placed as you are now placing a follow up bet.

Place a bet using the free bet in Totesport

After placing the bet below, once it has been settled, you will be able to withdraw all funds along with the profit made.

You will need £29 in your betfair account to place this bet so please make a deposit if necessary.

The Match - AS Monaco v OGC Nice AS Monaco v OGC Nice v - Sunday April 4/20/2014 - 13:00:00

In Totesport navigate to the France - Ligue 1 2013/2014 using the football menu at the left of the screen and find the AS Monaco v OGC Nice v match. You will then see the betting screen below. Click the box showing odds of 4.50 corresponding to Draw.

Find and select the football team to bet on

In the betting slip, type your stake of £10 as highlighted in the red circle below backing Draw to win. Now tick the box stating 'Use Free Bet Amount'. Check the bet slip is correct then click 'Place Bet'.

Enter your stake and press Place Bet

Lay the bet in Betfair to cover all the outcomes and make the bet risk free

To cover all the event outcomes and make the bet risk free, you will again need to lay the same selection in Betfair that you backed with the free bet in Totesport i.e. Draw. To find the correct market in Betfair, go to the sports page and on the left hand menu, navigate to: Football Fixtures > Fixtures 20 April > AS Monaco v OGC Nice > Match Odds .

Now lay Draw NOT to win. To do this click the PINK box corresponding to Draw, showing odds of 4.80 as highlighted in the red circle below.

The betfair lay screen

The betting slip will appear on the right hand side. Stake £7.37 laying Draw NOT to win, the liability will be £28.01 and will appear on the right hand side. Click submit and make sure you confirm your bet. Remember when you lay a bet the stake is the amount you want to win and the liability is the amount you stand to lose, you are offering odds to a backer.

Overall Outcome

  • If Draw wins the match, you will make £35.00 profit in Totesport (the £22.50 free bet winnings minus the £22.50 free bet stake) and lose the £28.01 liability in Betfair, leaving you with an overall profit of £6.99.
  • wins or the match is a draw, you will make £7 profit in Betfair (your £7.37 lay stake minus 5% commission) and lose nothing in Totesport as you used your free bet, leaving you with an overall profit of £6.99.

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