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New to matched betting?
My Matched Betting Academy is the best place to get started. Learning the fundamentals takes 10-15 minutes and you’ll make £15 in the process.
Learning the fundamentals takes 10-15 minutes and you’ll make £15 in the process.
Thanks for sharing, Neil.
It’s worth getting involved as some of the ‘Fan Prices’ give a nice fixed profit! There’s the potential for in-play offers, too.
I think both of your suggestions above are worth considering. As you say, placing extra bets may draw unwanted attention to your account, so it just depends on how much you value your Ladbrokes account. They haven’t been one to run many promotions of late, but that could change at some point in the future.
They have a licensing obligation to know that the source of the funds customers use to trade with is legitimate.
If you’re depositing a large amount each day, regardless of your withdrawals, that may have prompted them to look at your account more closely. Depending on your situation, it may be better to withdraw your profit each day or once at the end of the week rather than depositing and withdrawing such large amounts each day.
Have they requested certain documents? If so, once you’ve provided them, you should be able to continue using your account as usual.
Odds will fluctuate when laying sequentially. Sometimes they’ll move in your favour, giving you a smaller qualifying loss, and sometimes they’ll move against you, giving you a larger one. It should even itself out over time.
The alternative to sequential laying is laying your multiple at Smarkets. You simply build the multiple you want to lay and then lay it as one bet, meaning you don’t have to wait to lay each leg sequentially.
I hope that helps.
You can place it on their Sportsbook as usual and lay it at another betting exchange.
If it’s an Exchange free bet, you can place it as a ‘back’ bet and lay it at another betting exchange.
You can use Nuvei to deposit via debit card.
I’ve added that info to the guide.
Hi @elpres666,
You cannot lay spread bets, so you can just treat them as advantage play.
Simply place your spread betting free bets on the ‘Buy’ option and hope they win.
I think 60% cash from a free Bet Builder bet is about right, so £6.36 from a £10 free bet is pretty good.
If you’re consistently beating the exchange lay odds, you’re taking value at the bookmaker, which means you’ll profit in the long term.
Bookmakers monitor betting patterns, so eventually, they’ll know you’re beating their odds and restrict your account.
Hi @bettingbitz,
I’m not aware of any tools for auto-matching Bet Builders.
I find that if the back and lay odds are close for a combination at Smarkets or Betfair, then the matching Bet Builder at the bookmaker isn’t usually too far out.
Please see my ‘Bet Builders‘ guide for a walkthrough and suggested combinations.
I hope that helps.
Hi @abokiwire,
Unfortunately, matched betting only works if you have offers available. If no suitable offers are available in Nigeria, matched betting isn’t viable.
Gambling operators must ensure their customers can afford to wager with them, so requesting ‘source of funds’ documentation isn’t unusual.
Not all bookmakers will ask for documentation; it varies between operators.
That’s a ‘Money Back if Bet Loses‘ offer.
You would select the ‘Money Back if Bet Loses‘ setting on the Matched Betting Calculator.
If you were looking to max out the offer, you would enter a ‘Back stake’ of £400 and ‘Cashback’ of £80.
£80 is the amount of cash you can expect to convert a £100 free bet into (80%).
I hope that helps for future reference.
I try to avoid advising on multi-accounting as it’s a grey area.
I think the bottom line is if you’re uncomfortable being a part of his activity, you can and probably should remove yourself from the situation.
If you place a lay bet with insufficient liquidity available, your bet will be unmatched. There’s no need to panic; you have a few options.
If it’s completely unmatched, I recommend cancelling the bet. You can then check the market, find the lay odds with sufficient liquidity and amend them on the calculator.
If your bet is partially matched, I also recommend cancelling the unmatched part of your bet. You can then use the ‘Part Lay’ function on the calculator. Simply enter the details of the partial bet you just placed, then enter the available odds for the remainder of your bet.
Another option, if the event isn’t due to start for a while, is to wait and see if your lay bet matches. Just be aware that the lay odds could drift, leaving you with a larger qualifying loss.
I hope that helps.
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