Matched Betting Case Study – Part One

Matched Betting Case Study – Part One

Winning PostHi, my name is David and I would like to share with you how I made over £400 in just 4 weeks matched betting. It has been almost two years to the day when I was first introduced to Matched Betting. Straddled with debt I was desperately looking for ways to make additional income online .. and fast! I stumbled upon Laymybet.co.uk when searching for a review of the betting exchange Betfair. I didn’t really know it was possible to make money online from free bets until I read the guide to matched betting. I was a little sceptical at first but having read the related forums over on MoneySavingExpert I became inclined to give matched betting a try.

So here I was – about to bet on my first football match. I was sure I was going to fathom out that matched betting was one big hoax and I still remember how nervous I was placing my first bets. I had a lay bet of about £33 tied up at Betfair and a £10 bet on at Coral and I wasn’t in the position where I could just gamble my money away. But it wasn’t until my first bet had settled did I realise the amount of money I could make.

The first four weeks of my Matched Betting journey made me £406.10 richer thanks to the techniques of matched betting free bets. I’ve kept a record of my bets which I’d like to share with you below. Please share this as I’m sure it will inspire other matched bettors to attempt matched betting!

Matched Betting Results

The format below is how I recorded my bets using Excel. Basically, I’ve recorded the Qualifying Bet, Matched Bet and the Outcome per event. Simples.

Bookmaker: Coral

  • Qualifier Bet:
    Reading v Newcastle, Bet -£10.00 Away Win at Coral (Odds of 4.33)
  • Matched Bet:
    Reading v Newcastle, Lay -£10.43 Home Win / Draw at Betfair (Odds of 4.2)
  • Outcome:
    -£0.09 Home Win at Betfair (Odds of 4.2)

 

  • Free Bet:
    John Higgins, Bet Free £10.00 Bet World Snooker Champion Outright at Coral (Odds of 7.5)
  • Matched Bet:
    John Higgins, Lay -£66.86 Not World Snooker Champion Outright at Betfair (Odds of 8.8)
  • Outcome:
    £8.14 World Snooker Champion Outright at Coral (Odds of 7.5)

 

  • Bet:
    Caliari v Roma, Bet -£30.00 Home Win at Coral (Odds of 1.61)
  • Matched Bet:
    Caliari v Roma, Lay -£18.38 Away Win / Draw at Betfair (Odds of 1.58)
  • Outcome:
    £0.10 Home Win at Coral (Odds of 1.61)

 

  • Bet:
    Caliari v Roma, Bet -£30.00 Home Win at Coral (Odds of 1.61)
  • Matched Bet:
    Caliari v Roma, Lay -£18.38 Away Win / Draw at Betfair (Odds of 1.58)
  • Outcome:
    £0.10 Home Win at Coral (Odds of 1.61)

 

  • Qualifier Bet:
    Celtic v Dunfermline, Bet -£5.00 Home Win at Coral (Odds of 1.286)
  • Matched Bet:
    Celtic v Dunfermline, Lay £0 Unmatched at Betfair (Odds of 0)
  • Outcome:
    £1.43 Home Win at Coral (Odds of 1.286)

 

  • Free Bet:
    Sivasspor v Erciyesspo, Bet Free £5.00 Bet Home Win at Coral (Odds of 4.5)
  • Matched Bet:
    Sivasspor v Erciyesspo, Lay -£16.26 Away Win / Draw at Betfair (Odds of 4.1)
  • Outcome:
    £6.24 Home Win at Coral (Odds of 4.5)

 

  • Bet:
    Sivasspor v Erciyesspo, Bet -£20.00 Home Win at Coral (Odds of 4.5)
  • Matched Bet:
    Sivasspor v Erciyesspo, Lay -£68.88 Away Win / Draw at Betfair (Odds of 4)
  • Outcome:
    £1.12 Home Win at Coral (Odds of 4.5)

 

  • Qualifier Bet:
    Georgia v Lithuania, Bet -£5.00 Home Win at Coral (Odds of 2)
  • Matched Bet:
    Georgia v Lithuania, Lay -£4.59 Away Win / Draw at Betdaq (Odds of 2.12)
  • Outcome:
    £-0.41 Away Win / Draw at Betdaq (Odds of 2.12)

 

  • Free Bet:
    England v Croatia, Bet Free £5.00 Bet HT/FT Croatia / England at Coral (Odds of 29)
  • Matched Bet:
    England v Croatia, Lay -£4.67 Not HT/FT Croatia / England at Betdaq (Odds of 30)
  • Outcome:
    £4.44 Not HT/FT Croatia / England at Betdaq (Odds of 30)

Total = £21.07

At the time, the Coral Free Bet was a £10 free bet offer. My initial bet at Coral won so in order to extract the free bet amount I had to place a further £60 of bets to meet the terms and conditions of the £10 free bet amount. I was also offered a couple of £5.00 free bets which I Matched Bet with during the first month as a new Coral customer.

Betting Exchange: Betfair

  • Free Bet:
    £25 Free Bet extracted during the Coral Qualifying Bet

Total = £25.00
(Cumulative Profit = £46.07)

Bookmaker: Paddy Power

  • Qualifier Bet:
    Crystal Palace v Derby, Bet -£10.00 Home Win at PaddyPower (Odds of 3.2)
  • Matched Bet:
    Crystal Palace v Derby, Lay -£22.50 Away Win / Draw at Betfair (Odds of 3.25)
  • Outcome:
    -£0.50 Home Win at PaddyPower (Odds of 3.2)

 

  • Free Bet:
    Celtic v Hearts, Bet Free £10.00 Bet Away Win at PaddyPower (Odds of 5.5)
  • Matched Bet:
    Celtic v Hearts, Lay -£38.05 Home Win / Draw at Betfair (Odds of 6.2)
  • Outcome:
    £6.95 Away Win at PaddyPower (Odds of 5.5)

Total = £6.45
(Cumulative Profit = £52.52)

Bookmaker: ToteSport

  • Qualifier Bet:
    AC Milan v Man United, Bet -£25.00 Home Win at ToteSport (Odds of 2.2)
  • Matched Bet:
    AC Milan v Man United, Lay -£31.78 Away Win / Draw at Betfair (Odds of 2.3)
  • Outcome:
    -£1.78 Home Win at ToteSport (Odds of 2.2)

 

  • Free Bet:
    Man City v Man United, Bet Free £25.00 Bet 0-1 at ToteSport (Odds of 7)
  • Matched Bet:
    Man City v Man United, Lay -£130.07 Not 0-1 at Betfair (Odds of 7.2)
  • Outcome:
    £19.93 0-1 at ToteSport (Odds of 7)

Total = £18.15
(Cumulative Profit = £70.67)

Bookmaker: Ladbrokes

  • Qualifier Bet:
    Liverpool v Chelsea, Bet -£40.00 Liverpool/Liverpool at Ladbrokes (Odds of 4.33)
  • Matched Bet:
    Liverpool v Chelsea, Lay -£135.37 Not Liverpool/Liverpool at Betfair (Odds of 4.4)
  • Outcome:
    -£2.17 Liverpool/Liverpool at Ladbrokes (Odds of 4.33)

 

  • Free Bet:
    Matthew Stephens, Bet Free £40.00 Bet WC Outright at Ladbrokes (Odds of 5.5)
  • Matched Bet:
    Matthew Stephens, Lay -£31.86 Not WC Outright at Betfair (Odds of 5.7)
  • Outcome:
    £30.27 Not WC Outright at Betfair (Odds of 5.7)

Total = £28.10
(Cumulative Profit = £98.77)

Bookmaker: Betinternet

  • Qualifier Bet:
    Tiger Woods, Bet -£50.00 Wachovia Championship Winner at Betinternet (Odds of 4)
  • Matched Bet:
    Tiger Woods, Lay -£151.9 Not Wachovia Championship Winner at Betfair (Odds of 4)
  • Outcome:
    -£1.9 Wachovia Championship Winner at Betinternet (Odds of 4)

 

  • Free Bet:
    Oldham v Blackpool, Bet Free £25.00 Bet Blackpool 2-1 at Betinternet (Odds of 12)
  • Matched Bet:
    Oldham v Blackpool, Lay -£254.04 Not Blackpool 2-1 at Betfair (Odds of 12.5)
  • Outcome:
    £20.96 Blackpool 2-1 at Betinternet (Odds of 12)

Total = £19.06
(Cumulative Profit = £117.83)

Bookmaker: VC Bet

  • Qualifier Bet:
    Fulham v Liverpool, Bet -£50.00 Home Win at VC Bet UK (Odds of 2.75)
  • Matched Bet:
    Fulham v Liverpool, Lay -£89.65 Away Win / Draw at Betfair (Odds of 2.78)
  • Outcome:
    -£2.15 Home Win at VC Bet UK (Odds of 2.75)

 

  • Free Bet:
    Chelsea v Man United, Bet Free £50.00 Bet 1-0 at VC Bet UK (Odds of 7.5)
  • Matched Bet:
    Chelsea v Man United, Lay -£39.88 Not 1-0 at Betfair (Odds of 8.2)
  • Outcome:
    £37.88 Not 1-0 at Betfair (Odds of 8.2)

Total = £35.73
(Cumulative Profit = £153.56)

Bookmaker: Betfred

  • Qualifier Bet:
    Newcastle v Blackburn, Bet -£25.00 Draw at Betfred (Odds of 3.4)
  • Matched Bet:
    Newcastle v Blackburn, Lay -£25.00 Home Win / Away Win at Betfair (Odds of 3.45)
  • Outcome:
    -£1.05 Home Win / Away Win at Betfair (Odds of 3.4)

 

  • Free Bet:
    Hearts v Aberdeen, Bet Free £25.00 Bet 0-1 at Betfred (Odds of 9.5)
  • Matched Bet:
    Hearts v Aberdeen, Lay -£20.33 Not 0-1 at Betfair (Odds of 10.5)
  • Outcome:
    £19.32 Not 0-1 at Betfair (Odds of 10.5)

 

  • Bet:
    Man United v West Ham, Bet -£21.00 Draw at Betfred (Odds of 3.75)
  • Matched Bet:
    Man United v West Ham, Lay -£23.16 Not Draw at Betfair (Odds of 3.45)
  • Outcome:
    £1.00 Not Draw at Betfair (Odds of 3.45)

 

  • Bet:
    Sampdoria v Catania, Bet -£30.00 Away Win at Betfred (Odds of 2.63)
  • Matched Bet:
    Sampdoria v Catania, Lay -£32.20 Home Win / Draw at Betfair (Odds of 2.5)
  • Outcome:
    -£0.70 Home Win / Draw at Betfair (Odds of 2.5)

Total = £18.57
(Cumulative Profit = £172.13)

Bookmaker: Totalbet

  • Qualifier Bet:
    Real Madrid v Sevilla, Bet -£10.00 Real Madrid / Real Madrid at Totalbet (Odds of 3.2)
  • Matched Bet:
    Real Madrid v Sevilla, Lay -£10.16 Not Real Madrid / Real Madrid at Betfair (Odds of 3.2)
  • Outcome:
    -£0.35 Not Real Madrid / Real Madrid at Betfair (Odds of 3.2)

 

  • Free Bet:
    Charlton v Tottenham, Bet Free £10.00 Bet Charlton/Tottenham at Totalbet (Odds of 29)
  • Matched Bet:
    Charlton v Tottenham, Lay -£9.67 Not Charlton/Tottenham at Betfair (Odds of 29)
  • Outcome:
    £9.19 Not Charlton/Tottenham at Betfair (Odds of 29)

 

  • Qualifier 1/2 Bet:
    Rapid Vienna v Austria Vienna, Bet -£20.00 Home Win at Totalbet (Odds of 2.2)
  • Matched Bet:
    Rapid Vienna v Austria Vienna, Lay -£24.00 Away Win / Draw at Betfair (Odds of 2.14)
  • Outcome:
    £0.00 Home Win at Totalbet (Odds of 2.2)

 

  • Qualifier 3/4/5 Bet:
    Chelsea v Man United, Bet -£30.00 Home Win at Totalbet (Odds of 2.2)
  • Matched Bet:
    Chelsea v Man United, Lay -£30.70 Away Win / Draw at Betfair (Odds of 2.2)
  • Outcome:
    -£0.84 Away Win / Draw at Betfair (Odds of 2.2)

 

  • Free Bet:
    Bolton v Aston Villa, Bet Free £15.00 Bet Aston Villa/Aston Villa at Totalbet (Odds of 8.0)
  • Matched Bet:
    Bolton v Aston Villa, Lay -£13.21 Not Aston Villa / Aston Villa at Betfair (Odds of 8.0)
  • Outcome:
    £13.21 Not Aston Villa / Aston Villa at Betfair (Odds of 8.0)

Total = £21.21
(Cumulative Profit = £193.34)

Bookmaker: Betterbet

  • Qualifier Bet:
    Watford v Newcastle, Bet -£25.00 Away Win at Betterbet (Odds of 2.75)
  • Matched Bet:
    Watford v Newcastle, Lay -£25.94 Not Away Win at Betfair (Odds of 2.7)
  • Outcome:
    -£0.36 Not Away Win at Betfair (Odds of 2.7)

 

  • Free Bet:
    Bolton v Aston Villa, Bet Free £25.00 Bet Aston Villa/Aston Villa at Betterbet (Odds of 8.0)
  • Matched Bet:
    Bolton v Aston Villa, Lay -£21.47 Not Aston Villa / Aston Villa at Betfair (Odds of 8.2)
  • Outcome:
    £19.74 Aston Villa/Aston Villa at Betfair (Odds of 8.2)

 

  • Free Bet:
    Rec de Huelva v Real Madrid, Bet Free £25.00 Bet Rec de Huelva / Rec de Huelva HT/FT at Betterbet (Odds of 10)
  • Matched Bet:
    Rec de Huelva v Real Madrid, Lay -£23.08 Not Rec de Huelva / Rec de Huelva HT/FT at Betfair (Odds of 9.8)
  • Outcome:
    £21.93 Not Rec de Huelva / Rec de Huelva HT/FT at Betfair (Odds of 9.8)

 

  • Qualifier Bet:
    Dinamo Kiev v Roma, Bet -£10.00 Away Win at Betterbet (Odds of 1.91)
  • Matched Bet:
    Dinamo Kiev v Roma, Lay -£9.40 Home Win / Draw at Betdaq (Odds of 1.92)
  • Outcome:
    -£0.30 Away Win at Betterbet (Odds of 1.91)

 

  • Free Bet:
    Portsmouth v Everton, Bet Free £10.00 Bet 1-1 at Betterbet (Odds of 6.5)
  • Matched Bet:
    Portsmouth v Everton, Lay -£7.91 Not 1-1 at Betdaq (Odds of 7)
  • Outcome:
    £7.52 0-0 at Betdaq (Odds of 7)

Total = £48.53
(Cumulative Profit = £241.87)

Bookmaker: Stan James

  • Qualifier Bet:
    Southampton v Derby, Bet -£25.00 Home Win at Stan James (Odds of 2.25)
  • Matched Bet:
    Southampton v Derby, Lay -£25.22 Away Win / Draw at Betfair (Odds of 2.28)
  • Outcome:
    -£1.04 Away Win / Draw at Betfair (Odds of 2.28)

 

  • Qualifier Bet:
    Chelsea v Everton, Bet -£20.00 Draw at Stan James (Odds of 3.5)
  • Matched Bet:
    Chelsea v Everton, Lay -£51.00 Home Win / Away Win at Betfair (Odds of 3.55)
  • Outcome:
    -£1.00 Draw at Stan James (Odds of 3.5)

 

  • Free Bet:
    Valencia v Zaragoza, Bet Free £25.00 Bet Zaragoza / Valencia at Stan James (Odds of 29)
  • Matched Bet:
    Valencia v Zaragoza, Lay -£24.18 Not Zaragoza / Valencia at Betfair (Odds of 29)
  • Outcome:
    £22.97 Not Zaragoza / Valencia at Betfair (Odds of 29)

Total = £20.93
(Cumulative Profit = £262.80)

To read more, continue to Part Two