All About Matched Betting

Matched Betting Guide

Matched betting is the term given to the process of extracting guaranteed profit from the bonuses offered by online bookmakers. For example, at the time of writing this article, Skybet are offering £20 if you sign up and stake £5. The ‘qualifying bet’ of £5 is then followed up by placing the ‘free bet’ of £20. By ‘matching’ both of these bets at a betting exchange (Betfair), we can guarantee to extract a profit. At the time of writing this article, there are over £715 worth of offers from UK Bookmakers.

The matching process is simply placing two separate bets. The first one is what is known as a ‘back’ bet. This is placed at Skybet. The second is known as a ‘lay’ bet. This is placed at Betfair. This process involves no gambling because we are covering all outcomes.

Both the ‘back’ and the ‘lay’ are placed on the same game and on the same outcome. For example, the ‘back’ is placed on Southampton to win at odds of 2.1 (only use decimal odds, not fractional odds). The ‘lay’ is also placed on Southampton. By backing Southampton, we are betting that they will ‘win’. By ‘laying’ Southampton, we are betting that they will ‘not win’. The ‘back’ and the ‘lay’ cancel each other out.

Qualifier

Let’s have a look at a practical example of a qualifying bet (from here referred to as a ‘Qualifier’. We will take the Southampton v Swansea game in the English Premier League:

Back:

  • Back Southampton with a stake of £5
  • Odds of 2.1

Lay:

  • Lay Southampton with a stake of £5.02
  • Odds of 2.14

The reason why we stake a little bit more on the ‘lay’ side is because Betfair charges a commission of 5% on any winnings, so that has to be taken into account. Don’t worry too much about the maths just now.

Result of the Qualifier:

If Southampton win:

  • We would win £10.50 at Skybet
  • We would lose £5.73 at Betfair

Because £5 of the Skybet winnings was our initial stake, our profit at Skybet is £5.50, so:

  • £5.50 – £5.73 = – £0.23

If Southampton draw:

  • We would lose £5 at Skybet
  • We would win £4.77 at Betfair

So again, we’ve lost 23 pence:

  • £4.77 – £5 = – £0.23

If Southampton lose:

  • We would lose £5 at Skybet
  • We would win £4.77 at Betfair

So again, we’ve lost 23 pence:

  • £4.77 – £5 = – £0.23

So whatever happens in the Southampton game, regardless of the result, we’ve lost 23 pence on the Qualifier. However, we have unlocked a £20 bonus.

Free Bet

We now have a £20 in our Skybet account as a bonus. This part is slightly more tricky. Here is an example of how we would use the matching process to extract the profit:

Let’s take Southport v Grimsby

Back:

  • Back Southport to win with your £20
  • Odds of 6.5

Lay:

  • Lay Southport with a stake of £19.26
  • Odds of 6.8

Result of the Free Bet:

If Southport win:

  • We would win £130 at Skybet
  • We would lose £111.70 at Betfair

Because it was a free bonus, £130 is pure profit, so:

  • £130 – £111.70 = £18.30

If Southport draw:

  • We would lose £0 at Skybet (because it was a free bonus)
  • We would win £18.30 at Betfair

So again, we’ve won £18.30

If Southport lose:

  • We would lose £0 at Skybet (because it was a free bonus)
  • We would win £18.30 at Betfair

So again, we’ve won £18.30

So whatever happens in the Southport game, regardless of the result, we’ve won £18.30 by covering all possible outcomes of the game.

Here are the results of both our ‘Qualifier’ and our ‘Free Bet’:

  • Qualifier = – £0.23
  • Free bet = £18.30
  • Total profit: £18.30 -£0.23 = £18.07

That means you have made a profit of £18.07 without risking a penny.

 

Facts About Sports Betting

I’ve often heard it said, “you can’t win betting on sports.” The truth is sports betting is one of the few types of gambling that you CAN win at. The problem is there are so many factors which need to be taken into account, it can be very overwhelming.

There are playing conditions, injuries, home or away games, players health, defense, offense, past performance, coaches, importance of match, rivalries to name a few just to calculate a very precise outcome.

What’s The Odds?

Most people betting sports aren’t aware that you only need to win 52.5% of your bets to break even. 56% winners makes you very successful. If you can manage to average above 56%, you are going to make an enormous amount of money.

Now 56% doesn’t sound like much, does it? just over half your wagers.

The rest is discipline, money management and no doubt, a good selection method. But let’s be clear, there is no magic bullet, no quick and easy method… or is there?

Are You In It For Fun Or For Money?

It can definitely be fun and very exciting to win, especially when you’ve got a big bet riding on the game. Or maybe you just lost a game and decided to double up on the next one to try and “get even.”

If you’ve ever tried this tactic, I’m sure you know all too well that more often than not you lost the 2nd game too. Now you’re broke, starting over, building up a new bankroll and hoping for a better outcome the next time… But as you know, hope is not a winning strategy.

This kind of heart-stopping action is not for me. For my money I prefer a more predictable type of wagering whether it’s betting on sports or any other form of gambling. I like to have more control over the result.

Just to be clear, there will be losing games and maybe even losing days, but by managing your money, patiently building your bankroll, you can comfortably afford to take a swing at those parlays.. that is a winning strategy.

Betting a small consistent amount per game is not exciting… but that is what intelligent, professional sports bettors do. So the question is, “are you doing it for the excitement, or for the money?”

Taking The Gambling Out of Sports Betting

A winning bettor always tries to take the gamble out of the game. Each bet is a calculated risk. There is no magic method that will bring in thousands of dollars overnight.

Taking down a steady monthly profit, working only 5 minutes a day IS the only way. And if you let your account multiply for a few months, before long (months not years), you will reach a point where you could be bringing in hundreds or even thousands of dollars of profit each month… now that’s magical.

Sports Investing will with near certainty turn a small amount of capital today into significant monthly income, month after month and year after year.

There are people who say you can’t win betting on sports… they’re just wrong. Wishing you the best of luck always.

Why Gambling Can Leads Addiction

Is gambling really just innocent fun? We all know that many are addicted and that casinos make billions of dollars. Every addicted gambler started out with the idea of risking a little bit of innocent money, with the idea in the back of their mind that they might rake in a big win. After all, the winners are advertised with a big smile on their faces. Why not me? And when you have beginner’s luck, then you want to experience that again. After so many losses you know that some luck is bound to come your way. And you start liking the clinging of the coins and every time that happens, you feel, or think to feel a bit of paradise. Your money for nothing and your chicks for free. Hooray! By then you stubbornly ignore the fact that you are beginning to get hooked. You do not count what the losses amount to. You do admit that in the end the house always wins, but you keep hoping for that one big bang. Except if that should occur, you would gamble with even greater antes. This may serve to illustrate what has happened to countless poor souls.

The combination of gambling and psychological pain is the most dangerous one. People lapse into spending sprees out of pain, or into binging. Others into alcoholism or a gaming addiction, or even an innocent looking sports mania. Again others start experimenting with drugs, or sex. Many develop dependencies of several of these. Once you are trapped, you are caught by a vicious circle of temporary relief and the subsequent hangover. Only to try it again. The longer this cycle persists, the harder it is to break. Realize that you are fleeing into a surrogate and seek help to get to the causes. In many cases an antidepressant might help. But get over your shame and find professional help. Above all pray to the Lord Jesus for rescue.

Gambling on websites at home is inviting the devil. People run up high costs on their credit cards and the owners laugh all the way to the bank. They do not care about your losing your home and even your wife and children. Many gamblers develop co-morbidities such as alcoholism and drug addictions. Prostitution is a ‘normal’ thing in such circles. Most governments have legalized some form of gambling and many clubs, charities and shops offer tickets to lure prospects to their goods or services. I do not condemn these forms of gambling. I myself once won an expensive computer with all kinds of accessories. Also I won some small prizes with bingo. But at a certain moment I began buying more and more lottery tickets. And from there the step was small to try my hand at one of those one armed thieves in restaurants. The next step was to try out the casino. After a number of years I realized that I ran the danger of getting dependent permanently. So I stopped abruptly and started praying for total deliverance and having somebody else pray for that. I felt that I got out no day too soon and I have to admit that when I see one of those machines, I experience that it still attracts me. Gambling is one of the most stubborn addictions. Stop radically while you can. Or else find help.

Let us analyze gambling from a Christian perspective. We lost paradise and now we desire to compensate. This is called the pursuit of happiness. However there is only lasting happiness in a close relationship with Christ Jesus. Most gamblers develop a superstitious habit or even think that they have found a way to beat the machine. Many books have been written that advertize supposedly clever ways to turn the odds around in your favor. Except the only person to benefit from such a book is the author. Then there is the autotheistic attitude that makes you believe that you can best the odds. Also gamblers play god as if they have all the money in the world. Let the money roll, you have enough of it! One gambler ran five machines automatically by jamming the buttons after having filled them with much cash. He let them run till all his money was gone and then he went home broke to beg his mother for some bucks to buy a pack of cigarettes. Like little gods they think they can transcend chance and machinery as if they were magicians. This is the sin of the garden of Eden in which Eve was made to believe she could be like God. People get used to the surroundings and all the gambling appurtenances in casinos. This is my home. Here I belong. Here is my family. In Vegas there is even a priest that blesses the gambling machines with holy water. Unholy! Talk about surrogate religion…

Many people gamble at the stock market. Others gamble at women. Some Christians claim that a game of cards is from the devil and even that when you have it in your home, you are not a Christian family. It is the devil’s picture book and the joker represents the devil and other such tales. This is a bounce reaction of course. Some even go so far as stating that playing yahtzee is evil as one uses dice. They claim that the soldiers that gambled over Christ’s robe at the cross, used dice. Some think that the Urim and Thumim of the high priest, used to consult God, were actually dice to determine a lot or decision. In this context one can also think of the stone with seven eyes in the book of Zachariah. However that may be gamblers start believing that life is a bet and that in fact everything is. Gambling as religion, philosophy and lifestyle.

Solomon stated that “wealth gotten out of vanity, diminishes; but he that gathers handful by handful, increases.” Money should go where it should go, but society has become sick with financial buggery. Many resort to chain letters. Others to pyramid schemes or other criminal activities. We must strive to build something up patiently, for most of us will not come up with something that turns into something big overnight. Paul warns: “Love of money is a root of all evil” and “They that desire to become rich, fall into a trap and many temptations.”

Instead of all this, let us direct our hearts heavenward and seek true and lasting joy. The prophet stated that our joy in the Lord is our strength. And we need strength to make it through this world. We have a race to run and therefore must not be distracted by unnecessary business, let alone sins. Also we are called upon to fight for the faith once delivered to the saints. Let us admonish, exhort and encourage each other!

Weekend Gateway Casinos

I have often wondered why casino resorts seem to be one of the least popular destinations for a weekend getaway. They can be as relaxing as a beach trip, more entertaining than dinner and a movie, and more affordable than you think. If you are looking for a quick getaway, read these three reasons why they are one of the best options for some weekend fun.

They are affordable (and potentially profitable).

Visiting a casino resort can be one of the cheapest options for a weekend getaway out there, and could even be profitable with a little good luck. Unlike regular hotels (which only make money when people buy rooms), casino resorts make money when people shop, drink, dine, gamble, visit the spa, and buy tickets to entertainment events, in addition to selling hotel rooms. That is why they typically offer cheaper rates than regular hotels. In addition, the rooms are designed to be “resort” style, and are by far one of the nicest hotel stays you can get at a low price (they would often cost about $150-$200 a night at a comparable hotel).

In addition to comps on rooms, you can also save on food and gambling through casino promotions. Nearly all casinos give away free stuff to their new players. All you have to do is sign up for a free player’s card to receive their latest promotion, which could be anything from free food, free table game or slot play, prizes, entries into drawings or contests, a discounted room, or a combination of all of these things! After your stay, they will send you free offers in the mail and a monthly newsletter. The more you play, the better the offers they send your way.

They have several delicious dining options.

Nearly all casino resorts have a buffet, a diner/deli, a cafe, and a nice steak/seafood restaurant. Some places also offer other types of dining options like a sushi restaurant, a sports bar, or a pizzeria. You can literally eat at a different place for every meal during your weekend stay without leaving the building! There will always be a bar, often several bars, and in some cases a nightclub and live music.

They offer lots of shopping and entertainment options.

There will always be a gift shop, and many times there will be other types of small shops as well, like a menswear shop, a jewelry store, or a cigar lounge. There are also several types of entertainment offered as an alternative to gambling, like a pool and hot tub, a sauna or spa, a golf course and pro shop, and a large venue for hosting concerts and shows.

You don’t have to fly to Las Vegas or Atlantic City either; casino resorts are located all over the country. Do a search for one in your area. Chances are you are only a few hours drive from one at most. Book a room and have a great weekend!