© 2020 Mintio

Mintio is a trading style of AdMatrix Ltd
Company number 08475546
VAT registration 195579545

In this example of matched betting, we take the signup bonus from Bet365 (a bet credit equal to your deposit up to £100) to make a
guaranteed profit of £56.30. Below are the odds being offered on Bet365 for the Porto vs Rangers match on 24 October 2019. We
convert the odds to the decimal equivalent so we can cover our bet on the Betfair Exchange.

Porto vs Rangers

Home

Draw

Away

Bet365 odds

3/5

3/1

19/4

Decimal equivalent

1.6

4

5.75

Betfair lay odds

1.64

4.3

6.8

We place a bet of £100 on the draw using our own money. If the outcome is a draw, we would win (after the stake is returned) £300,
however we need to cover ourselves in case the outcome is NOT a draw. We do this on the Betfair exchange where we can lay an
event (i.e. bet on it NOT to happen). We calculate what we need to lay so that the overall outcome is the same whether it is a draw or
not. There are various calculators available online to do this or you could build your own (as we have done). Below you can see the
scenario in terms of what we need to lay. Note that the lay income (in the event of NOT draw) takes into account the commission
charged by Betfair (normally 5%, sometimes 2% during promotions).

Porto vs Rangers

Draw

NOT Draw

Bet on the draw (Bet365)

£100

£300

-£100

Lay the draw (Betfair)

£94.12

-£310.60

£89.41

Overall outcome

-£10.60

-£10.59

Now, if there is a draw we will be down £10.60 and if there is not a draw we will be down £10.59. We have essentially paid £10.59 (or
£10.60) to get ourselves a bet credit of £100. With the match finished (and we don’t care whether it was a draw or not) we have got
our bet credit at Bet365 and we move on to a later match, specifically Dynamo Kiev vs Copenhagen. Here are the odds at Bet365
along with the decimal equivalent so we can again cover ourselves on the Betfair Exchage:

Dynamo Kiev vs Copenhagen

Home

Draw

Away

Bet365 odds

5/6

5/2

7/2

Decimal equivalent

1.83

3.5

4.5

Betfair lay odds

1.94

3.6

5

Using our bet credit of £100 we place a bet on the draw. Again we need to cover ourselves so we calculate what we need to lay on the
Betfair Exchange so that the overall outcome is the same whether it is a draw or not. Here is the scenario of what we need to lay:

Dynamo Kiev vs Copenhagen

Draw

NOT Draw

Bet on the draw (Bet365)

£100

£250

£0

Lay the draw (Betfair)

£70.42

-£183.09

£66.90

Overall outcome

£66.91

£66.90

Thanks to the bet credit, there is no liability at Bet365 should the outcome NOT be a draw. Therefore whatever the outcome, we make
a profit of £66.90 on this match. On the earlier match we sacrificed £10.60 to activate our bet credit, therefore our overall profit is
guaranteed to be £56.30.

Are You Ready?

Mintio is a trading style of AdMatrix Ltd
Company number 08475546
VAT registration 195579545

In this example of matched betting, we take
the signup bonus from Bet365 (a bet credit
equal to your deposit up to £100) to make a
guaranteed profit of £56.30. Below are the
odds being offered on Bet365 for the Porto
vs Rangers match on 24 October 2019. We
convert the odds to the decimal equivalent
so we can cover our bet on the Betfair
Exchange.

Porto vs Rangers

Home

Draw

Away

Bet365 odds:

3/5

3/1

19/4

Decimal equivalent

1.6

4

5.75

Betfair lay odds

1.64

4.3

6.8

We place a bet of £100 on the draw using
our own money. If the outcome is a draw, we
would win (after the stake is returned) £300,
however we need to cover ourselves in case
the outcome is NOT a draw. We do this on
the Betfair exchange where we can lay an
event (i.e. bet on it NOT to happen). We
calculate what we need to lay so that the
overall outcome is the same whether it is a
draw or not. There are various calculators
available online to do this or you could build
your own (as we have done). Below you can
see the scenario in terms of what we need
to lay. Note that the lay income (in the event
of NOT draw) takes into account the
commission charged by Betfair (normally
5%, sometimes 2% during promotions).

Porto vs Rangers

Draw

NOT Draw

Bet on the draw (Bet365)

£100

£300

-£100

Lay the draw (Betfair)

£94.12

-£310.60

£89.41

Overall outcome

-£10.60

-£10.59

Now, if there is a draw we will be down
£10.60 and if there is not a draw we will be
down £10.59. We have essentially paid
£10.59 (or £10.60) to get ourselves a bet
credit of £100. With the match finished (and
we don’t care whether it was a draw or not)
we have got our bet credit at Bet365 and we
move on to a later match, specifically
Dynamo Kiev vs Copenhagen. Here are the
odds at Bet365 along with the decimal
equivalent so we can again cover ourselves
on the Betfair Exchage:

Dynamo Kiev vs Copenhagen

Home

Draw

Away

Bet365 odds

5/6

5/2

7/2

Decimal equivalent

1.83

3.5

4.5

Betfair lay odds

1.94

3.6

5

Using our bet credit of £100 we place a bet
on the draw. Again we need to cover
ourselves so we calculate what we need to
lay on the Betfair Exchange so that the
overall outcome is the same whether it is a
draw or not. Here is the scenario of what we
need to lay:

Dynamo Kiev vs Copenhagen

Draw

NOT Draw

Bet on the draw (Bet365)

£100

£250

£0

Lay the draw (Betfair)

£70.42

-£183.09

£66.90

Overall outcome

£66.91

£66.90

Thanks to the bet credit, there is no liability
at Bet365 should the outcome NOT be a
draw. Therefore whatever the outcome, we
make a profit of £66.90 on this match. On
the earlier match we sacrificed £10.60 to
activate our bet credit, therefore our overall
profit is guaranteed to be £56.30.

Are You Ready?