Once again, I suggest you use OddsMonkey’s software to help you pick the best market. Let’s say you placed bet 1 (the back bet) on Manchester City beating Watford at a bookmaker like Ladbrokes.įind another market to place your bet. The maths is such that no matter the outcome of your bets, you’re guaranteed to make a profit.
What’s this nonsense about risk-free betting I sense you thinking… Let me explain. Lay betting is only possible at betting exchanges such as Betfair or Smarkets. You’re now betting against an outcome and saying that Man City will NOT win. You’re backing an outcome and saying that Man City will win for example. You place these two bets at different betting companies on opposite outcomes.īack bets are the most common bet types. This process allows us to make our bets completely risk-free.Įvery matched bet you place will contain two bets: One of the main concepts behind matched betting is called back and lay betting. This process is called back and lay betting. You need to place an opposite bet at a betting exchange (more on exchanges below) to cancel out your initial bet. The third step is vital to matched betting as it makes your qualifying bet (step 2) completely risk-free.
Once the software has found a suitable event, it shows you exactly what bets to place and how much to wager etc.
