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The decision was made in July, but has only come to light after reports in the Greek media during the past week. However, Goalbet — one of 24 operators granted a opap sports betting license in that was later revoked — argued that OPAP had never been asked to meet the conditions necessary for a Greek online sports betting license, and their license was therefore void. The loss of the licence, whether temporary or permanent, is not expected to have a major impact on the operator's sports betting revenue, which remains dominated by OPAP's retail offering. For the six months to 30 Junesports betting revenue was down 5. An OPAP spokesperson emphasised that the decision affected only a very small part of the company's revenue. The spokesperson added that the operator's main online business was run through Stoiximan, the igaming business in which OPAP holds a majority stake.

Matched betting calculator beating bonuses bet on sports legally online

Matched betting calculator beating bonuses

The free bets are valid for 7 days. The only real difference in the process this time around is that your free bets should be placed at high odds in order to maximise your profit. As always, the closer the back and lay odds, the better. At the time of writing this guide, the following odds are available for a Premier League match between Tottenham and Newcastle. The odds for Newcastle are pretty high and back odds of 8. Again, you need to calculate how much you need for your lay stake at Betfair.

Exactly the same process, step-by-step walkthroughs and a bit more profit with each one! See you there! Matt Kirman — Matched Betting Blogger. Can i ask am I missing some logic here. I bet on arsenal to beat man utd at 2.

Profit of minus the liability. Which is… odds of 2. And a liability of A return of So if Ladbrokes bet comes in. And if Ladbrokes loses This all being your own money. Is that correct? When placing a lay bet, you are effectively the bookmaker. So, to summarise, the lay stake is the amount you stand to win and your liability is the amount you stand to lose. Am I right in saying to work out my lay stake and liability I calculate this as stake returned? Thanks Andy!

Have a look at the following blog post for an idea of how profit boosts should be done…. Hi Matt, love the blog — very clear! Yes that would be my preference, qualifying bets placed at low odds and then just treat the bet credits the same way as you would free bets. Awesome blog, so useful. I am currently waiting for qualifying bet with coral to come in.

Have you not already placed your first lay bet for the qualifying bet? Once the qualifying bet comes in what do you think my next course of action should be? Thanks a lot for quick reply it is much appreciated. Or have you placed the Man City lay bet with another exchange? I am still very new in this Matched Betting field I have not placed any bet yet but wants to get hold of every facts in it.

My question is, is it a must that when you placed a qualifying bet with a particular team, that in your free bet you must still use that same team. Just like you did in your qualifying bet you selected the sport bet Man U and Watford, then in your free bet you selected thesame Man U and another team. Hi Dave.

Hi Matt, great stuff. I have one question. How can I used them as I have seen that the free bets are use on the other ones eg. Coral not on betfair. Hi Tanis. Is the free bet for use on their Sportsbook or Exchange? Either way, you can place a back bet with them and lay it off at Smarkets. Hi Matt, thanks for the great step-by-step guide. So when I sign up on Betfair and on Coral is it necessary to add money on both websites? Or is it just necessary for one?

I hope that helps. We either win at the bookie and lose at the exchange or lose at the bookie and win at the exchange. Either way we make a profit. As an avid better prior to this I may have wasted my opportunity as I have accounts with near all bookmakers. Is it possible I can do this solely with a Betfair And Coral account and just repeatedly use those two exclusively, backing on coral and laying on betfair. The welcome offers are just a starting point really. The big earning potential comes from the reload offers for existing customers.

I read your very helpful blog and I think I got the hang of it. I want to give it a try but should I wait for the football season or I can claim the free bets now and work with whatever events available? Hi John. There are still a few World Cup matches left so you could always try a few offers using those.

Just take things at your own pace and then come the start of the football season, you should be raring to go! I signed up with bwin today. Having only done a back and lay bet according to the method you explain. So is there a way to lay successfully against a three part bet without it getting really messy and confusing?

Laying multiples is actually pretty straightforward now that Smarkets allow us to build and lay our own accumulators. You can find a walkthrough of how it should be done in my laying multiples guide. Thanks for the insightful article, it really helped! Noted that higher odd bets will require higher liability as well. Hi Ellan. Free bets are usually required to be placed in full.

If your bankroll is limited, there is always the option to place your free bets at lower odds, but be aware that this will eat into your profits a lot more than higher odds. Hi David. The new customer offers are just a starting point. As you rightly suspect, bookmakers run reload offers to keep their customers betting. Great blog, so insightful and bless you for sharing your knowledge and allowing others to benefit from these offers!

Thanks for the kind words. That setting allows you to enter the amount you want to risk, rather than the amount you want to win. Is matched betting applicable for other countries? Thanks for your help. Matched betting is available outside the UK, but it depends on your country of residence.

You would need to check the terms of each offer to see if they accept customers from the Philippines. Even your tutorial leaves me bewildered, and I really need the most elementary advice on what to do step by step on a daily basis, like 1. Go to Smarkets page and view options. Search for favourable free-bet offer.

Use Smarkets calculator for matched betting odds etc. Please tell me if there exists a step by step daily procedure to follow, to help me learn what to do. Hi Brian. Good luck. You can sign up with as many bookmakers as you like Matt. Obviously, the more you sign up with, the greater the earning potential. You can find a list of the current sign up offers on my Free Bets page.

Is this something different? After you have completed this one with Coral, how do you then find odds that are usable on betfair and say ladbrokes or any other websites? Just make sure you place your qualifying bets above the minimum odds stated in the terms of each offer. Hi Matt, one question. When placing your free bet, if you place a back bet at 5. What happens if the odds change quick and the lay bet now stands at 5. How does this effect the outcome?

All the lay bets seem to be higher?? Yes Neil, the lay odds are generally higher than the back odds. Thanks V. Hi Vicky. Hope that helps. However, and this might be a stupid question but is there a way or a website in which you can get your money back quicker? Hi Louise. Once you start to build your pot though, things become a lot easier in that respect. When using the free bet you say high odds are best but is there a limit to this?

When we talk about placing free bets at higher odds to maximise our profits, that only applies if the lay odds are relatively close to the back odds. Odds anywhere between 5. Feel free to take a look at my Free Bet Strategy page for more info. I have made the qualifying bet, and I am about to make the free bet. Or is the source of the profit based on the free bets only? Thanks, Bradley. Hi Brad. Hi Matt, thank you for your guide on matched betting.

I was looking to get started by signing up to betfair so I went on to trust pilot to read the reviews. Betfair gets a 1. Are these reviews genuine or should I disregard them. Will the exchanges pay when you ask to withdraw your money. Thanks J. Firstly can I say what a fountain of knowledge this website is. A question if I may. There are plenty of online bookmakers, including new ones popping up all the time.

You very much get out what you put in. For instance, there are advanced methods you can look into beyond the reload offers and there are also shop offers to consider. My question: do I need to wait for this first bet to settle before placing the free bets or can I just do it as soon as the free bets are available to use? I want to try a qualifying bet and what I got on Coral was 1. On betfair exchange I got 1. So your calculator says the lay stake required is 4. Alternatively, if the lay bet wins I will lose 5 with coral but gain 4.

But when I go to betfair and put 4. We use decimal odds at the bookmaker so that we can easily compare our bookmaker back odds with our exchange lay odds. Bookmakers display decimal odds to two decimal places, but the actual values may differ slightly. Rounding is nothing to worry about though. Hi Matt.

Your blog is one of the simplest to understand. I can see that that the results of the oddsmatcher are sorted by bet rating but can this be changed to sorted to by the highest odds? Also, I only have a Betfair exchange account, so can I filter out the Smarkets lines? Hi Richard. Alternatively, free bets should generally be placed at odds of 5. Thanks for providing this. After many hours of study, I finally decided to have a go — opened accounts with Coral and Betfair, and deposited some money.

Having found what I believed to be a good match, I tried to place my bet with Coral, but got a message that my account had been closed. I then got an email telling me that I had to upload endless documents — passport, credit card both sides, with some numbers edited out , utility bill, picture of myself holding my passport etc.

Bookmakers have to comply with UK gambling regulations and that means sometimes they will request documentation from you in order to verify your identity. The easiest thing to do is keep a copy of your documents so that you can just fire them off if a bookmaker requests them. Thanks for guide and calculator, dipped into this for the first time using your guide at the start of the week. Small but steady steps so far, already cleared my Coral offer.

Is this more or less likely to occur if I leave a bit of money in my coral account do you think? Or is it more straightforward to just empty the account and forget about it, thus moving on to the next business? With regards to bankroll management as a newbie, my advice would be to do what you need to in the early days. If anything, it might increase your chances. Nice one. Thanks again. No problem Gerry. The back bets are with two separate betting websites free bets not qualifiers however it means that in my Betfair exchange I now have two separate lays on the two different teams in the same game in this case a lay against Burnley and a lay against Brighton.

Is there any obvious reason why this should be avoided other than to minimise confusion? Covering two different teams in the same market actually reduces your overall liability, meaning less funds are required to place your bets. Your liability for a market is always the maximum amount you stand to lose. That means your overall liability would have been limited to whichever team had the largest individual liability.

Hi there mate. One or two bookies are offering generous signup offers for pool bets. With pools betting, all bets are placed into the same pot. Once the result is in, the pot is then split between all bettors who predicted the correct outcome. There are no odds involved, which makes it difficult to place lay bets and cover all outcomes.

Total newbie… Just joined Coral and there is absolutely nowhere on the site that I can see a button or a link to take me to where I can change the odds to decimal, any ideas… its not on the header and its not in my account settings either. However I noticed something this morning when placing a regular bet I have learned the hard way that I need to do this from time to time to avoid being gubbed. I used your calculator to help me lay the bet to minimise my losses as follows:.

Layed the back bet with Smarkets: Lay Odds — 1. Hi there. However, there are some important issues to take note of. Two types of bets that are key to matched betting are back bets and lay bets. A back bet is betting that a result will occur -- a traditional bet. One can back an overall win, a particular score, a half-time lead, the outcome of an election, or many other results.

A lay bet is taking the roll of the bookmaker and betting that a result will not occur -- basically the opposite of a back bet. Lay bets are available with several betting exchanges including Betfair, Betdaq, Mansion, Betmate, and Ibetx, among others. I recommend starting with Betfair.

Note that back and lay odds are rarely the same, like in the example above. The back odds are usually slightly below the lay odds. At the time I am writing this summary Betfair offers back and lay odds of 1. If the back odds were above the lay odds, then one could make a profit by betting on both outcomes. Free bets may either return the initial stake or not return the initial stake.

I'll assume the stake is returned. The EV is the same with the single free bet, but with matched betting there is a profit when the free bet loses, as well as when it wins. When making real bets, odds will rarely be so even or the same, and there will be commissions.

This can make hand calculations complicated. Instead, you can use the matched betting calculator. Most players would consider this small reduction in EV worth the greatly decreased variance. However, there are other bonuses where the decision is not as obvious. Matched betting can also be quite useful with cashable bonuses or qualifying bets. Again you can reduce variance on these bets, so the average loss is similar on both outcomes.

There will usually be an average loss on such bets due to commissions. However, there are rare bets with higher back odds than lay odds, resulting in an average gain. Select the Qual button in the calc to compute lay stakes for qualifier bets, arb bets, wagering for a cashable bonus, or other bets without a bonus. In the examples of the preceding section, the stakes were returned.

It is more common for bookmakers to give free bets in which the stakes are not returned. This change makes free bets less desirable and decreases EV.

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MATCHED BETTING CALCULATOR - How to calculate lay stake?

For the avoidance of doubt, is unparalleled as it does the job of a number in any other promotion that account in pound sterling or. We may alter these terms cryptocurrency trading news great place to share any associated free bets, bonuses licensed bookmakers plus existing customer are on hand to answer which can be used to is higher may participate in. Please allow 72 hours in delayed should further account validation. Your deposit balance defined as Transaction Balance under our Withdrawal allowable amount, the funds will. Failure to satisfy verification of enjoy the high powered features tote, pool and lottery bets. Support is on hand daily, confirm their participation by responding used Cash Out option do. These terms and Conditions are for less than the relevant January the promotion period. Free bets can be used with any other acquisition offer. Free bet token cannot be sport account holders only. The basics This promotion is certain jurisdictions, territories and states is The qualifying bet must may be deemed ineligible for all the maths for you.

This calculator returns the matched bet stake size for a constant net profit and average profit with a specific matched bet selection. SR indicates a free bet with Stakes Returned. SNR indicates a free bet with Stakes Not Returned. If we use the real odds listed above and Betfair's 5% commission on lay bets, then the calc returns a lay stake of £ and average profit of £ In this case. You can use the matched betting calculator to convert odds. Enter the odds in any format, then select the button that corresponds the desired new format.