Betdaq is the customer facing arm of Global Betting Exchange. Betdaq’s wider aim is to become the central platform for a worldwide network of betting companies with Betdaq being the first of those. On a day to day basis our aim is to attract as many customers to Betdaq as possible and keep growing our liquidity. Betdaq has been running for 10 years now.

What have been the major changes you’ve seen within the exchange industry since it began?

Everything has changed from the early days, several times over, and it’s very hard to sum up 10 years of change and evolution in a few sentences. A major change for me has been the increased sophistication of customers in terms of the betting strategies and research they rely on to select their bets. Customers do their research and seek out value and that serves Betdaq very well with our lower commission rates.

It is generally acknowledged amongst the online trading and betting community that most people would have Betdaq as their exchange of choice if liquidity was stronger. What are you currently doing to rectify this?

Lots of people say they will come to Betdaq when liquidity is stronger but they don’t want to be the ones putting up the offers now. We are tackling the liquidity gap in two ways. API customers, who tend to play in more markets and in greater volumes, are rewarded for making offers and generating liquidity on the exchange and penalised for doing the opposite. Retail players are offered a discounted commission rate to Betfair meaning they are arriving in greater quantities. By attacking the liquidity gap from both sides we are closing it steadily and liquidity in our core markets has grown massively in the last year especially in markets such as horse racing and tennis.

What is the company’s attitude towards those who might win consistently?

Betdaq prefer to look at whether a member’s activity is positive or negative for the exchange ecosystem as a whole. Positive behaviour such as liquidity generation can be rewarded with lower commission rates and negative behaviour discouraged through higher charges. That’s how we approach our API charging and it has nothing to do with winning or losing.

What are the company’s general thoughts about the Betfair Premium Charge and is it something that you would say will never happen on Betdaq?

We love the Betfair Premium Charge as it has given our business a big boost! Seriously though, we believe charging should be about contribution to the exchange as a whole and not about winning or losing.

How has the introduction of the 40-60% Premium Charge affected Betdaq? What has changed since its introduction?

The increased Premium Charge has been very positive for Betdaq. Liquidity is up, player numbers are up, and we’ve been inundated with enquiries from people looking to switch their business over. We’re doing everything we can to keep those who bring good business to Betdaq happy through great customer service, lower commission rates, commission back specials and the recently launched Betdaq Rewards programme. We’ve also undertaken a major upgrade to our website capacity to accommodate the new business and give us plenty of headroom for growth.

Realistically, how far do you think you are away from being a serious rival to Betfair?

It depends on what you mean by a serious rival. To our members who enjoy lower commission rates and better value, we already are a serious rival. Nearly all the major players and pros use Betdaq for at least some of their business, and they’re not here out of charity. There are very few punters who will not benefit by being active on both exchanges today. As usual it’s the sharpest people who recognise where the value is first and the rest will follow as our business grows.

What are Betdaq’s plans and goals for 2012?

Betdaq have a lot in the pipeline in 2012. We have a new website interface in development, the launch of our Betdaq casino and Betdaq games product, lots of B2B deals going on behind the scenes but most importantly we have a project to greatly expand the number of events and markets that we cover. We’ve never been in better shape and Betdaq will continue to grow our customer base, market share and liquidity by offering great customer service, lower commission rates, better value, and not penalising winners.

Will you be introducing live video to Betdaq.com at some stage?

Betdaq already have live streaming from At the Races and we constantly look at introducing new video. The issue always come back to cost. Quality content is expensive and if you want to keep commission rates low then you can’t have everything that every customer might want. It’s about finding the right balance.

What do you think the future holds for betting exchanges in general?

The next 5 years are going to be interesting as new markets open up. Betfair prefer the approach of entering new markets as Betfair whereas we prefer to look for local partners that have established businesses and locally recognised brands. In markets where there is an embedded monopoly there will be resistance to exchanges as they look to protect local interest. This is where we hope the partnership model will serve us well.

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About βετφαιρ

Η βετφαιρ είναι η μεγαλύτερη στο Διαδίκτυο στον κόσμο ανταλλακτήριο στοιχημάτων. Η εταιρία εδρεύει στο Hammersmith στο Δυτικό Λονδίνο, Αγγλία. Δεδομένου ότι η βετφαιρ ξεκίνησε τον Ιούνιο του 2000 έχει γίνει η μεγαλύτερη online εταιρία στοιχημάτων στο Ηνωμένο Βασίλειο και η μεγαλύτερη ανταλλαγή στοιχημάτων στον κόσμο. Η βετφαιρ ισχυρίζονται ότι έχουν πάνω από 4 εκατομμύρια πελάτες και κύκλο εργασιών άνω των £ 50 εκατ. την εβδομάδα. Η εταιρεία απασχολεί περίπου 2300 άτομα παγκοσμίως και 1200 στο Ηνωμένο Βασίλειο.

Ένα ανταλλακτήριο στοιχημάτων επιτρέπει στους παίκτες να ποντάρουν σε αποδόσεις που ζητούνται και από άλλους παίκτες και όχι από έναν πράκτορα. Μέλη μπορούν να κάνουν τόσο “πίσω” στοιχήματα (κανονικά στοιχήματα σε μια επιλογή για νίκη) και στοιχήματα “LAY” (τα στοιχήματα στην αντίθετη πλευρά της πλάτης, κατά την επιλογή), εξαλείφοντας έτσι το παραδοσιακό πράκτορα στοιχημάτων.

Η βετφαιρ υποστηρίζει κατά μέσο όρο 20 τοις εκατό καλύτερες αποδόσεις από αυτές που προσφέρονται από έναν παραδοσιακό πράκτορα στοιχημάτων. Η Betfair χρεώνει προμήθεια για όλα τα στοιχήματα που κερδίζουν, το οποίο καθορίζεται σε 5 τοις εκατό των καθαρών κερδών για τις περισσότερες αγορές, αν και σύμφωνα με το πόσο ένας πελάτης στοιχήματα στην ιστοσελίδα, είναι δυνατόν να μειωθεί το ποσό της προμήθειας που καταβάλλεται σε τόσο χαμηλά όσο 2 τοις εκατό.

Η διασύνδεση της βετφαιρ μπορεί να θεωρηθεί ότι φέρει μια ισχυρή ομοιότητα με εκείνη του χρηματιστηρίου, με την «πίσω» και «θέσει» επιλογές σε σύγκριση με την αγορά και την πώληση των παραγώγων. Πράγματι, υπάρχουν πολλοί επαγγελματίες που παίζουν την αγορά της Betfair για κέρδος, με σκοπό-σχεδιασμένο λογισμικό “ρομπότ”, με τον ίδιο τρόπο ως έμπορος χρηματιστηριακή αγορά.

This ladbrokes promotion code is available to new Ladbrokes customers only and to be eligible you must input Ladbrokes promotion code DA60 whilst at the cashier.

To claim the full £60 FREE BETS from Ladbrokes simply open an account inputting DA60 within the Ladbrokes ‘Promotion Code’ box then bet up to £20 on your first bet at Ladbrokes on DARTS. Repeat this process two further times (a total of 3 x £20 bets) to claim upto £60 Free Bets. This £60 free bet offer is valid until Monday 09th January 2012, 23:59 GMT.

Claim your Ladbrokes Free Bet

DA60 Ladbrokes Promotion

Terms and Conditions

• New Ladbrokes customers: Simply register today & enter the correct promo code, then place a single bet of £/€5 or more on DARTS & we’ll match your stake with a Free Bet up to £/€20, this can be claimed up to 3 times!
• You must be aged 18 years or over to bet and participate in this promotion.
• Correct promo code must be entered. First bet must be made on the same day as registration.
• Free bets will expire on Monday 09th January 2012, 23:59 GMT.
• Qualifying bet must be a win single of £5 or more placed on darts. Only the win parts of each-way bets qualify.
• The Free Bet will be credited on settlement of the qualifying bet and can be redeemed online, mobile and telephone.
• Free Bets are non-refundable. The Free Bet stake is not included in any returns.
• Duplicate accounts will not qualify for this free bet offer. Only ‘one new account offer’ per person, household address, email address, debit/credit card number, or IP address is allowed.
• Void bets do not count.
• Free Bet must be used in its entirety on any sport.
• Offer not available in Ladbrokes retail shops.
• Any bets placed from cash, Ukash, MoneyBookers and Neteller deposits will not qualify for this offer.
• This promotion is not available in conjunction with any other new customer Free Bet offer.
• Free Bet must be used on a different race selection or market to the qualifying bet.
• Free Bet cannot be used to fund tote, pool or lottery bets.
• Free Bet cannot be redeemed on any other online product (Casino, Poker, Bingo, Games, Financial, Lottos, and Virtual Racing).
• Redeemed Free Bet will not count towards qualification to view streamed events.
• Free Bet does not count towards qualifying for any other promotional offers.
• Ladbrokes accepts no responsibility for system or connection problems that might affect any end user during the promotion.
• Offer is only open to customers living in the UK and Ireland betting on the English or Irish language site. * Other countries may be added.
• Certain In-Play markets are settled by an external company therefore your free bet may take up to 24 hours to be assigned to your account. If your free bet is not redeemed within 24 hours please contact our Customer Service – By email: care@ladbrokes.com or Call 0800 731 41 71 (from the UK), +44 208 429 79 71 (from outside of the UK)
• Ladbrokes may determine at its sole discretion whether it believes different entries or accounts are connected to the same person, using whatever methods it deems appropriate.
• If the terms of the offer are breached or there is evidence of a series of bets placed by a customer or group of customers, enhanced payments, Free Bets or any other promotional offer results in guaranteed customer profits irrespective of the outcome, whether individually or as part of a group, Ladbrokes reserve the right to reclaim the bonus element of such offers and in their absolute discretion either settle bets at the correct odds, void the free bets or void any bet funded by the deposit bonus.
• In addition Ladbrokes reserve the right to levy an administration charge on the customer up to the value of the deposit bonus, Free Bet or additional payment to cover administrative costs. We further reserve the right to ask any customer to provide sufficient documentation for us to be satisfied in our absolute discretion as to the customer’s identity prior to us crediting any free bet or offer to their account.
• In the event of a breach of these terms and conditions Ladbrokes reserve the right to take such action as it deems appropriate in its absolute discretion.
• The promoter is Ladbrokes Sportsbook LP, a limited partnership registered in Gibraltar, number 44, whose registered office is 57/63 Line Wall Road, Gibraltar.

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Compatible Phones

Below is a list of compatible phones for the bet365 App.

LG

A7110, B2250, C1200, C2000, C2100, C2200, C3300, C3330, C3380, CE500, CU915, CU920, F1200, F2100, F2250, F2300, F2400, F2410, F2500, F3000, F7200, F9100, F9200, G5600, GD510, GT505, KC910, KC910Q, KC910QA, KC910E, KE600, KE800 Chocolate Platinum, KE970 Shine, KE990, KG200, KG240, KG245, KG280, KG290, KG425, KG800 Chocolate, KG810 Chocolate, KP202, KP215, KP500, KP570, KU990, L3100, M4300, M4410, M6100, MG200, MG300D, MG800 Chocolate, P7200, S5100, S5200, TG800 Chocolate.

Motorola

A840, A845, A860, C261, C380, C381p, C384, C385, C390, C391, C650, C651, C698, C698p, C975, C980, E1000, E1060, E1070, E1120, E375, E378i, E398, E550, E770, KRZR K1, KRZR K3, PeblU3, PeblU6, R880, RAZR2 V9, RIZR Z3, ROKR E-1, ROKR E-2, Razr V3x, Razr V3xv, Razr V3xx, Razr V3xxv, Razr V6 maxx, Razr maxx, RazrV3, RazrV3v, RazrV3e, RazrV3i, RazrV3r, RazrV3t, SLVR L2, SLVR L6, SLVR L7, SLVR L7v, SLVR L7e, SLVR L7i, SLVR L9, V1000, V1050, V1075, V1100, V180, V185, V186, V188, V191, V197, V220, V226, V230, V235, V236, V295, V300, V303, V330, V360, V361, V365, V400, V500, V501, V525, V535, V536, V540, V545, V547, V550, V551, V555, V557, V560, V600, V620, V635, V80, V975, V980, W220, W360, W375, W380, W388, W395, W396, W397, W490, W5, W510, Z9.

Nokia

1680 Classic, 2220 slide, 2320 Classic, 2323 Prism, 2330 Prism, 2600 Classic, 2610, 2626, 2630, 2660, 2680 Slide, 2690, 2700 Classic, 2710 Navigation Edition, 2720 Fold, 2730 Classic, 2760, 2855, 2865, 2865i, 3109 Classic, 3110 Classic, 3110 Classic(Evolve), 3120 Classic, 3152, 3155, 3208 classic, 3220, 3230, 3250, 3500 Classic, 3555, 3600 Slide, 3610 Fold, 3710 Fold, 5000, 5070, 5130 XpressMusic, 5140, 5140i, 5200, 5208, 5220 XpressMusic, 5300, 5310, 5320 XpressMusic, 5330 Mobile TV Edition, 5500, 5610, 5630 XpressMusic, 5700, 5730 XpressMusic, 6020, 6021, 6030, 6060, 6061, 6070, 6080, 6085, 6086, 6101, 6102, 6103, 6110 Navigator, 6111, 6120 Classic, 6121 Classic, 6124 Classic, 6125, 6126, 6131, 6131 NFC, 6133, 6136, 6151, 6152, 6155, 6155i, 6165, 6170, 6201, 6208 Classic, 6210 Navigator, 6212 Classic, 6216 Classic, 6220 Classic, 6230, 6230i, 6233, 6234, 6235, 6235i, 6255, 6260, 6263, 6265, 6265i, 6267, 6270, 6275, 6275i, 6276, 6280, 6282, 6288, 6290, 6300i, 6301, 6303 Classic, 6500 Classic, 6500 Slide, 6555, 6600, 6600 Fold, 6600 Slide, 6620, 6630, 6638, 6650, 6670, 6680, 6681, 6682, 6700 Classic, 6700 slide Navigator, 6710 Navigator, 6720 Classic, 6730 Classic, 6750 Classic, 6788, 6788i, 7020, 7070 Prism, 7100 Supernova, 7210 Supernova, 7230, 7260, 7270, 7310 Supernova, 7360, 7370, 7373, 7380, 7390, 7500 Prism, 7510 Supernova, 7610, 7610 Supernova, 7900 Prism, 8600 Luna, 8800, 8800Sirocco, 8800 Arte, 8800 ArteCarbon, 8800 ArteGold, 8801, C5-00, E5-00, E50, E51, E52, E55, E60, E61, E61i, E62, E63, E65, E66, E70, E71, E71x, E72, E75, N70, N71, N72, N73, N75, N76, N77, N78, N79, N80, N81, N818GB, N82, N85, N86 8MP, N90, N91, N92, N93, N93i, N95, N958GB, N953NAM, N95-3, N96, Nokia 3720 classic, X2-00, X3-00.

Panasonic

X700, X701, X800, Z800.

Blackberry

8100, 8110, 8120, 8130, 8210, 8220, 8230, 8300 Curve, 8310 Curve, 8320, 8330, 8350, 8520, 8530, 8700c, 8700f, 8700g, 8700r, 8700v, 8703e, 8705g, 8707v, 8800, 8820, 8830.

Samsung

A437, A867, A887, D357, D500, D508, D600, D608, D720, D730, D800, D807, D808, D820, D828, D830, D836, D840, D900, D900i, D908, E200, E250, E251, E256, E258, E340, E350, E350V, E360, E370, E376, E378, E380, E388, E390, E500, E530, E570, E620, E720, E730, E740, E750, E760, E790, E830, E840, E880, E900, F480, F488, F700, G600, J600, M7600, M8800, P310, P858, P900, P910, S3500, S3650, S5230, S5233, S5560, S5600, S7350, S8300, T309, T509, T809, T919, U100, U600, U608, U700, U708, X700, X708, X820, Z140, Z140V, Z150, Z230, Z240, Z300, Z308, Z310, Z400, Z400v, Z500, Z540, Z560, Z600, Z720, ZM60, ZV10, ZV30, ZV40, ZV50, ZX10, ZX20.

Sony Ericsson

C510, C510a, C510c, C702, C702a, C702c, C901, C901Greenheart, C901aGreenheart, C902, C902c, C903, C903a, C905, C905a, C905c, D750i, F100 Jalou, F305, F305c, F500, G502, G700i, G700c, G705, G705a, G705u, G900i, J10 Elm, J10 Elmi2, J105, J105a, J20 Hazel, J20 Hazeli, J300i, J300a, J300c, K300i, K300a, K300c, K310i, K310a, K310c, K320i, K500, K506, K508, K510i, K510a, K510c, K530i, K530c, K550i, K550c, K600, K608i, K610i, K610c, K618i, K630, K660i, K700i, K700c, K750i, K750c, K758c, K770i, K790i, K790a, K790c, K800i, K800c, K810i, K810c, K818, K850i, K858c, M600i, M608c, M610i, M610c, P1i, P1c, P990i, P990c, R300, R306, S302, S312, S500i, S500c, S600, S700i, S700c, S710a, T270, T280, T303, T303a, T303c, T650, T658c, T700, T707, T707a, T715, T715a, TM506, U10 Aino, U10 Ainoa, U100 Yari, U100 Yaria, V600, V630i, V640, V800, V802, W200i, W200a, W200c, W205, W205a, W300i, W300c, W302, W302c, W350i, W350c, W350a, W380i, W380a, W380c, W395, W508, W508a, W518a, W550i, W550c, W580i, W580c, W595, W595a, W595c, W600i, W600c, W610i, W610c, W660i, W700i, W700c, W705, W705u, W710i, W710c, W712, W715, W760i, W760c, W800i, W800c, W810i, W810c, W830i, W830c, W850i, W850c, W880i, W888c, W890i, W898c, W900i, W900c, W902, W908c, W910i, W918c, W950i, W950c, W958c, W960i, W960c, W980, W995, W995a, Z1010, Z250i, Z250a, Z250c, Z310i ,Z310a, Z320i, Z320a, Z320c, Z500, Z520i, Z520a, Z520c, Z525i, Z525a, Z530i, Z530c, Z550i, Z550c, Z555i, Z555a, Z558i, Z558c, Z610, Z610i, Z710, Z710i, Z710c, Z712, Z750, Z770, Z780, Z800i.

bet365 has leveraged the systems & code it developed for its online In-Play system, with raw video streams supplied by Perform that are then integrated into the bet365 system by its in-house development team.

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Martin Davies, CTO, bet365 commented: “bet365 are taking mobile computing very seriously, there’s a similar excitement as 10 years ago, when we started to explore the full potential of the Internet. Our bet365 software development teams have cracked a number of difficult technology challenges to enable us to be one of the first companies to offer a video streaming service across multiple mobile platforms. As connection speeds still need to catch up, bet365 have designed our product to identify what speed the user is on and deliver the best experience that their phone will allow.”

In October, the company began streaming live video coverage of horse racing on iPhones, which bet365 says, has proven to be very popular.

The bet365 All Sports service will deliver around 3,400 sporting events and 10,000 horse races with bet365 expecting further developments to be rolled out in 2012 including a service designed specifically for tablets. Visit mobile.bet365.com for more information or download the bet365 App.

888Sport offer one of the best new player sign on bonuses. 888Sport offer sign up bonuses with the aim to increase player value whilst attracting the best new players in the process. Click to view the latest Bet888 free bet offer. 888Sport.com is billed as one of the largest online casino’s on the Internet. This plays testament to 888Sport employing leading player retention practices which offer best in class player value.

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About 888Sport

888sport are one of the fastest growing online bookmakers and can be found online at 888sport.com. 888sport offers multi language customer service in English, German, Spanish, Danish and Swedish. You may contacted them by phone, e-mail or via live chat support.

888sport currently offers odds on American, decimal and fractional type. 888sport accepts British Pound, Euro, American Dollar, Norwegian Krone and Danish Krone. 888sport offers free of charge deposits and withdrawals, good live betting and high limits are some of their strong points.

Matched betting does not take to fools lightly and if you’re a gambler looking to ‘get rich quick’ then matched betting may not be for you. This is because matched betting is a methodical process of extracting free cash from introductory bookmaker offers.

Join a Betting Exchange

Betfair and other betting exchanges are crucial to matched betting. Betting exchanges allow you to cancel out your risk betting at the bookmakers. A betting exchange provides you with a service so that you can set your own odds for a particular outcome of a sports event. A betting exchange allows you to act as both punter and bookmaker.

Recommended betting exchanges

The most popular betting exchange is Betfair and is highly recommended. Other betting exchanges include Betdaq, WBX and Betmate. We recommend that the first action you take is to sign up to Betfair or Betdaq to understand how to place a back or lay bet. You’ll then be in a great position to extract their free bet incentives.

To claim a £25 free bet from Betfair you must open an account with them and bet (or lay) at least £25 of your own money. Most matched bettors start off by depositing £50 to £200*. That’s a potential £25 earnt through matched betting already. All that you must do now is place a matched bet at a bookmaker to extract the £25 free cash.

* For the purposes of this guide it is assumed that a deposit of £200 has been made into Betfair.

Choose a Free Bet

Free bets often range from £10 to £50 but don’t be surprised to see free bets go up to £100 or even £250 in some instances. It is the responsibility of the Matched Bettor to extract all such incentives without falling for the lure of gambling.

To extract a free bet the Matched Bettor is required to make two separate bets – one after the other. The first bet is known as a qualifying bet and the second is known as a free bet. Typically, matched bettors will also come across two types of free bets – Stake Returned and Stake Not Returned.

The most popular free bets are Stake Returned Free Bets (SR) offered by the likes of Betdaq, Betfair, Coral, Eurobet, Jaxx and Sportingbet.

Having signed up to Betfair the next step is to grab the £25 free bet on offer with bookmaker Jaxx (for example). Similar to the sign up process with Betfair, click through to Jaxx then read the terms and conditions of the £25 free bet offer. Sign up and deposit the amount specified. Once you’ve placed your qualifying bet you will receive the £25 free bet from Jaxx.

Find the Best Odds

Bookmakers in the UK use fractional odds (e.g. 3/1). A punter who accepts odds of 3/1 means they are prepared to risk £1 to win £3 from the bookmaker. When you win with fractional odds you also receive back your stake. So, if you risked £1 at odds of 3/1, and then win, you will receive £3 plus your original £1 stake. That’s a total of £4 a bookmaker gives back to the winning punter (at fractional odds of 3/1).

On the other hand, betting exchanges prefer to use decimal odds as they are easier for most people to understand. Decimal odds differ because they include your original stake as part of your winnings. Fractional odds of 3/1 represent 4 in decimal odds. To calculate your winnings you just multiply your original stake (£1) by the decimal odds (4). That’s a total of £4 a bookmaker on the betting exchange gives back to the winning punter (at decimal odds of 4).

The advantage of decimal odds is that they are much easier to compare quickly. Which would you prefer to use… fractional odds of 3/1 and 11/10 or decimal odds of 4 and 2.1?

Example

Manchester United are to play Arsenal and you have decided in advance to find best odds to Matched Bet with on this sports event. The latest odds show that Jaxx are offering Manchester United to win at 2/1 (3 in decimal odds). For matched betting to work you must now find lay odds on Betfair which are less than or as close to 3 as possible. The final task is to scan for the latest Betfair odds for Manchester United to lose. You find lay odds of 9/5 (2.8 in decimal odds) being offered and you decide this is your best chance to matched bet.

Double check

Use our Matched Betting Calculator to check you’ve found the correct odds to match bet. Inputting the above example would result in a qualifying bet which results in a £0.91 profit – irrespective of the Manchester United/Arsenal result. Once satisfied you have found reasonable odds you are now ready to place a qualifying bet to extract the £25 free bet on offer at Jaxx.

Place a Qualifying Bet

Place a qualifying bet first in order to receive the free bet offer from the bookmaker. Qualifying bets are put in place by bookmakers and betting exchanges alike to ensure that you are a genuine punter. Qualifying bets are also seen as the first test of your patience and determination to extract the free bet incentives.

The qualifying bet

Using the Manchester United/Arsenal match odds, first place a £25 bet at Jaxx.com accepting odds of 2/1 on Manchester United to win using the £25 you deposited at the time of sign up. Second, place a £27.27 lay at Betfair accepting odds of 2.8 on Manchester United. This equates to risking £49.09 (£27.27 x 1.8) of the £200 you deposited at the time of signing up to Betfair. All figures in this paragraph are generated using our free Matched Betting Calculator.

Congratulations, that’s your qualifying bet done. You have just covered all possible outcomes of the Manchester United/Arsenal match!! Sit back and enjoy the game knowing that you’re going to win irrespective of the result.

The potential outcomes

If Manchester United win… you will win £75 (including your £25 stake returned) from Jaxx but lose (-) £49.09 at Betfair (End result equals £0.91 profit plus a £25 free bet from Jaxx and a £25 free bet from Betfair).

If Manchester United draw * or lose.. you will lose (-) £25 at Jaxx.com and win £27.27 at Betfair less (-) 5% commission at £1.36 (End result equals £0.91 profit plus a £25 free bet from Jaxx and a £25 free bet from Betfair).

* For the purposes of this guide it is assumed that the Manchester United/Arsenal match resulted in a draw. Your Jaxx balance now stands at £0 but you will have a £25 free bet credited to your account. Your Betfair balance now stands at £225.91 as you made £25.91 from your winning lay bet.

The outcome

The end result of this qualifying bet was a £0.91 profit and to receive two £25 free bets – one from Jaxx and one from Betfair. This was achieved knowing that a guaranteed profit would occur irrespective of the Manchester United/Arsenal result. The last steps are to match bet your free bets from Jaxx and Betfair and to extract your winnings into a bank acount of your choice.

Place your Free Bet

Free bets are the Matched Bettors reward for their patience and determination. Similar to qualifying bets, free bets must be completed by: adhering to the terms and conditions of the free bet, finding the best odds, placing a back bet then placing a lay bet. However, it is important to calculate the correct back and lay amounts before placing your free bet.

To achieve this you must update our free matched betting calculato to denote whether you are using a Stake Returned free bet or Stake Not Returned free bet. As Jaxx and Betfair are both Stake Returned you’ll enter £50 in the ‘Of which free :’ cell (if the free bets were Stake Not Returned you would need to enter the approriate amount in the ‘Stake forfeit :’ cell instead).

Example

Chelsea are to play Tottenham in the FA Cup and you have decided in advance to find best odds to match bet your Jaxx £25 free bet on this sports event. The latest odds show that Jaxx are offering Chelsea at 5/1 to win 1-0 (6 in decimal odds). For matched betting to work you must now find lay odds on Betfair which are less than or as close to 6 as possible (i.e. Chelsea NOT to win 1-0). You also find lay odds of 5/1 (6 in decimal odds) being offered and you decide this is your best chance to match bet your free bet.

The free bet

Using the Chelsea/Tottenham FA cup match odds, first place your £25 free bet at Jaxx accepting odds of 5/1 on Chelsea to win 1-0. Second, place a £25.21 lay at Betfair accepting odds of 6 on Chelsea to win 1-0. This equates to risking £126.05 (£23.95 x 5) from your Betfair account – £25 of which is free remember! All figures in this paragraph are generated using our free Matched Betting Calculator.

Congratulations, that’s your 2 x £25 free bets done. You have just covered all possible outcomes of the Chelsea/Tottenham FA cup match.

The potential outcomes

If Chelsea win 1-0… you will win £150 from Jaxx but lose (-) £101.05 at Betfair (End result equals £48.95 profit).

If Chelsea do not win 1-0 *… you will lose nothing at Jaxx and win £25.51 at Betfair (plus your £25 free cash) less (-) 5% commission at £1.26 (End result equals £48.95 profit).

The outcome

Having found the best odds on this sports event, placed your £25 free bet at Jaxx and placed an appropriate lay bet at Betfair the end result will always be the same – you will have covered every possible outcome of the sports event and will stand to make a profit.

* For the purposes of this guide it is assumed that the Chelsea/Tottenham match resulted in a 2-0 win to Chelsea. Your Jaxx balance now stands at £0. Your Betfair balance stands at £274.86 as you made £48.95 from your winning lay bet (having had a prior balance of £225.91).

Collect your winnings

Congratulations on achieving your first full matched bet! You are now ready to collect your deserved winnings.

You have earnt the following:

• £0.91 profit from a qualifying bet, plus
• £23.95 winnings from a £25 free bet at Jaxx, plus
• £25 winnings from a £25 free bet at Betfair.

That makes a total profit of £49.86. You made profits of £0.91 from the qualifying bet, £23.95 from the £25 free bet at Jaxx and £25 from the free bet at Betfair. You started off originally with a float of £25 in Jaxx and £200 in Betfair. Your Jaxx balance after placing the free bet is £0 but your Betfair balance is now £274.86.

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The Ladbrokes Darts 170 Checkout Money Back Offer is available to new and existing online, phone, mobile and shop customers.

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170 Checkout

Is a 170 Checkout possible?

Yes it is! A 170 Checkout is the highest possible score that a darts player can finish with. In order to hit a 170 Checkout a darts player must hit the treble 20, treble 20 then the bullseye. A famous 170 Checkout occured at the 2010 PDC World Darts Championship. Darts player Phil Taylor hit a 170 Checkout in his match verses Simon Whitlock.

Terms and Conditions

• Offer applies to single bets only. Refund will not apply to any multiple bets.
• Offer only applies to losing bets placed on the match betting markets of the Ladbrokes World Darts Championship.
• Qualifying bet must be placed before the start of the match in which the 170 checkout is thrown. Bets placed after the start of that match will not qualify.
• You must be aged 18 years or over to bet and participate in this promotion.
• Maximum refund £/€100 per customer, per match.
• One refund per customer per match. Offer applies to first bet placed.
• Void bets do not count.
• Bets placed with free bets do not count.
• Refund will be credited within 24 hours