© 2020 Mintio
Mintio is a trading style of AdMatrix Ltd Company number 08475546 VAT registration 195579545

Matched Betting

Example

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

Matched Betting

Example

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?
Start Today Start Today
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