Backing & Laying Simultaneously

Developing on our previous tutorials we can now begin to show how matched betting works. Matched betting works by removing all of the risk associated with traditional betting. By backing and laying the same outcome simultaneously all outcomes in an event can be covered meaning your own money is never put at risk. And when this is done in combination with bookmakers free bets inevitably you can profit from them.

In the previous tutorials we identified that there are only two possible outcomes when Backing (i.e betting for)

Placing a Back bet

(1) EITHER WE WIN and THE BOOKIE LOSES

(2) OR THE BOOKIE WINS and WE LOSE

Placing a Lay Bet

In the previous tutorials we identified that there are only two possible outcomes when Laying (i.e betting against)

(1) EITHER WE WIN and the BETTING EXCHANGE LOSES

(2) OR THE BETTING EXCHANGE WINS and WE LOSE

Matched betting

When you place a matched bet, i.e Backing and Laying the same selection simultaneously, there is also only two possibilities

(1) EITHER WE WIN AT THE BOOKIE and LOSE AT THE BETTING EXCHANGE

OR ...

(2) OR WE WIN AT THE BETTING EXCHANGE and LOSE AT THE BOOKIE

Let’s take a football match for example, if we backed (bet for) and layed (bet against) Arsenal to win in a match against Chelsea…

Arsenal vs. Chelsea

If both bets have been placed correctly, both the back and the lay, you will now have two opposing bets on the same outcome (Arsenal), one bet which will win and the other bet which will lose, you simply can’t lose at both or win at both, you are guaranteed to get your money back regardless of the final outcome. To explain this more clearly we have created another visual guide for you to view below

Risk / Reward Balance

To explain the matched betting concept visually, we have created two risk / reward models and positioned them next to each other. The left model reflects the bookmaker, the right model reflects the betting exchange and you are positioned in the middle of the two. The risk for each party has been calculated and the correct amounts have been placed on the appropriate supports. Depending on the final result, both balances will either tip to the left or to the right in synchronization with one another.

BACKING & LAYING SIMULTANEOUSLY
use arrows to navigate

BACKING & LAYING SIMULTANEOUSLY

When you back and lay the same outcome, you bet both for and against.
Regardless of the final outcome, you will always win in one site
and lose in the other.

(1) EITHER YOU WIN IN THE BOOKIE and LOSE AT THE BETTING EXCHANGE

(2) YOU WIN IN THE BETTING EXCHANGE and LOSE AT THE BOOKIE

The risk is distributed as follows...

Bookmakers' risk goes here

Your risk goes here

Your risk goes here

Exchanges' risk goes here

YOU

EXCHANGE

BOOKMAKER

You place £10 backing an outcome at decimal odds of 4.00.
You stake £10 laying the same selection you backed at odds of 4.00

YOU

EXCHANGE

BOOKMAKER

£30
£10
£30
£10

(1) EITHER YOU WIN IN THE BOOKIE and LOSE AT THE BETTING EXCHANGE

YOU

EXCHANGE

BOOKMAKER

£30
£10
£30
£1.50
£28.50
£10
Profit/loss: £30 - £1.50 - £28.50 = £0 (BREAK-EVEN)
WIN
LOSE

(2) OR YOU WIN AT THE BETTING EXCHANGE and LOSE AT THE BOOKIE

YOU

EXCHANGE

BOOKMAKER

£30
£10
£30
£0.50
£9.50
£10
Profit/loss: £9.50 - £10 = -£0.50
WIN
LOSE

As you may have noticed we break even on one side but not on the other, losing 50p instead?


Please rest assured however that this will never happen in practice. To keep this example simple, we didn’t account for the 5% exchange commission when calculating our lay stake. Don’t worry, our Automatcher does all of this for you.

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