RCP reverted edits by Badmanners (talk) to revision #26897896 by Badmanners
| ←Older revision | Revision as of 00:25, 4 August 2019 | ||
| Line 69: | Line 69: | ||
|
Yes, without tools like an Oddsmatcher and matched betting calculator, you will be spending hours and hours comparing odds and doing calculations and matched betting would no longer make financial sense.
|
Yes, without tools like an Oddsmatcher and matched betting calculator, you will be spending hours and hours comparing odds and doing calculations and matched betting would no longer make financial sense.
|
||
| − |
== Sign up to a betting exchange ==
|
+ |
=== Sign up to a betting exchange ===
|
|
A betting exchange is an online platform that matches and settles bets between people. The betting exchange does not act as a bookmaker or offer bets or set the odds. The betting exchange acts like a middleman and earn money based on commissions on settled bets.
|
A betting exchange is an online platform that matches and settles bets between people. The betting exchange does not act as a bookmaker or offer bets or set the odds. The betting exchange acts like a middleman and earn money based on commissions on settled bets.
|
||
|
Every time you place a bet with a bookmaker, you place the opposite bet with the betting exchange. For example, if you bet on Team A to win the game with the bookmaker, you then bet on Team A to not win with the betting exchange.
|
Every time you place a bet with a bookmaker, you place the opposite bet with the betting exchange. For example, if you bet on Team A to win the game with the bookmaker, you then bet on Team A to not win with the betting exchange.
|
||
|
The best-know betting exchanges are Betfair, Smarkets, Betdaq and Matchbook.
|
The best-know betting exchanges are Betfair, Smarkets, Betdaq and Matchbook.
|
||
| − |
== Decide what promotional offer you wish to do first ==
|
+ |
=== Decide what promotional offer you wish to do first ===
|
|
You have your tools ready at hand and signed up to a betting exchange.
|
You have your tools ready at hand and signed up to a betting exchange.
|
||
|
It is now time to find a good offer, so you can place your first matched bet.
|
It is now time to find a good offer, so you can place your first matched bet.
|
||
| Line 90: | Line 90: | ||
|
*William Hill
|
*William Hill
|
||
| − |
== Read the terms and conditions ==
|
+ |
=== Read the terms and conditions ===
|
|
It may seem backwards that the you should read the terms and conditions before you sign up.
|
It may seem backwards that the you should read the terms and conditions before you sign up.
|
||
|
But here is why.
|
But here is why.
|
||
| Line 105: | Line 105: | ||
|
*Choose an offer where you get a free bet rather than a deposit bonus
|
*Choose an offer where you get a free bet rather than a deposit bonus
|
||
| − |
== Sign up to a bookmaker ==
|
+ |
=== Sign up to a bookmaker ===
|
|
[[Image:Win at Sports Betting Step 10.jpg|center]]
|
[[Image:Win at Sports Betting Step 10.jpg|center]]
|
||
|
You have chosen an offer and familiarised yourself with the terms and conditions.
|
You have chosen an offer and familiarised yourself with the terms and conditions.
|
||
| Line 128: | Line 128: | ||
|
*Once the game has finished, either you back or lay bet will have won and you can count your profit.
|
*Once the game has finished, either you back or lay bet will have won and you can count your profit.
|
||
| − |
== move on to the next offer ==
|
+ |
=== move on to the next offer ===
|
|
First offer done and you can now find a new offer and repeat the process.
|
First offer done and you can now find a new offer and repeat the process.
|
||
|
Once you become more experienced you do several offers at a time but until then it is recommended to do one offer at a time to avoid making mistakes.
|
Once you become more experienced you do several offers at a time but until then it is recommended to do one offer at a time to avoid making mistakes.
|
||
| − |
== Faqs ==
|
+ |
=== Faqs ===
|
| − |
|
+ |
== Is matched betting legal? ==
|
|
Yes, matched betting is legal, as long as you are over the age of 18 and sports betting is legal in your country of residence.
|
Yes, matched betting is legal, as long as you are over the age of 18 and sports betting is legal in your country of residence.
|
||
|
Matched betting is simply the process of placing two bets to cover all outcomes of an event.
|
Matched betting is simply the process of placing two bets to cover all outcomes of an event.
|
||
|
In fact, Graham Sharpe from the bookmaker William Hill has been quoted saying "There's no illegal element," he says. "It's a free bet and you can do what you like."<ref>https://www.telegraph.co.uk/finance/personalfinance/money-saving-tips/8185280/Is-this-a-bet-you-cant-lose.html</ref>
|
In fact, Graham Sharpe from the bookmaker William Hill has been quoted saying "There's no illegal element," he says. "It's a free bet and you can do what you like."<ref>https://www.telegraph.co.uk/finance/personalfinance/money-saving-tips/8185280/Is-this-a-bet-you-cant-lose.html</ref>
|
||
| − |
|
+ |
== Do I need to become a sports expert? ==
|
|
No. Contrary to regular sports betting, in matched betting you do not aim to profit from predicting the outcome of a game. As matched betting is based on maths and cover all outcomes of an event you do not need to know anything about the teams or players you bet on.
|
No. Contrary to regular sports betting, in matched betting you do not aim to profit from predicting the outcome of a game. As matched betting is based on maths and cover all outcomes of an event you do not need to know anything about the teams or players you bet on.
|
||
|
|
|
||
| − |
|
+ |
== How much money can I make with matched betting? ==
|
|
The answer fully depends on, which country you live in, the time you are willing to spend on placing bets and the capital you are ready to invest.
|
The answer fully depends on, which country you live in, the time you are willing to spend on placing bets and the capital you are ready to invest.
|
||
|
However, generally speaking, by spending 4-5 hours per week, you should be able to earn €400 - €500.
|
However, generally speaking, by spending 4-5 hours per week, you should be able to earn €400 - €500.
|
||
| Line 149: | Line 149: | ||
|
*Available capital – The more money you can afford to invest, the more bookmakers you can sign up to and the more bets you can place.
|
*Available capital – The more money you can afford to invest, the more bookmakers you can sign up to and the more bets you can place.
|
||
| − |
|
+ |
== Can anyone do matched betting? ==
|
|
Yes, as long as you are over 18 years old and sports betting is legal where you live.
|
Yes, as long as you are over 18 years old and sports betting is legal where you live.
|
||
| − |
== The matched betting math ==
|
+ |
=== The matched betting math ===
|
| + |
|
||
|
The below is just for reference if someone is very keen to learn the maths behind matched betting and understand how everything is calculated.
|
The below is just for reference if someone is very keen to learn the maths behind matched betting and understand how everything is calculated.
|
||
|
The average reader can skip this section as there are plenty of available calculators and other tools available to you online, which means you don’t have to worry about calculating everything yourself.
|
The average reader can skip this section as there are plenty of available calculators and other tools available to you online, which means you don’t have to worry about calculating everything yourself.
|
||
|
Here are the formulas behind the most common matched bets.
|
Here are the formulas behind the most common matched bets.
|
||
| − |
|
+ |
== Qualifying bet ==
|
|
Qualifying bet lay stake = back odds / (lay odds – exchange commission) * back stake
|
Qualifying bet lay stake = back odds / (lay odds – exchange commission) * back stake
|
||
|
'''Calculate profit if the back bet wins'''
|
'''Calculate profit if the back bet wins'''
|
||
| Line 164: | Line 165: | ||
|
Profit = lay stake * (1 - commission) - back stake
|
Profit = lay stake * (1 - commission) - back stake
|
||
| − |
|
+ |
== Calculating a free bet stake not returned (SNR) matched bet ==
|
|
'''Calculate lay stake:'''
|
'''Calculate lay stake:'''
|
||
|
SNR lay stake = (back odds – 1) / (lay odds – commission) * back stake
|
SNR lay stake = (back odds – 1) / (lay odds – commission) * back stake
|
||
| Line 172: | Line 173: | ||
|
Profit = lay stake * (1 - commission)
|
Profit = lay stake * (1 - commission)
|
||
| − |
|
+ |
== How to calculate a free bet stake returned (SR) matched bet ==
|
|
'''Calculate lay:'''
|
'''Calculate lay:'''
|
||
|
SR optimal lay stake = back odds / (lay odds – commission) * back stake
|
SR optimal lay stake = back odds / (lay odds – commission) * back stake
|
||
| Line 180: | Line 181: | ||
|
Profit = lay stake * (1 - commission)
|
Profit = lay stake * (1 - commission)
|
||
| − |
== Warnings ==
|
+ |
== Warnings ===
|
|
[[Image:Win at Sports Betting Step 5.jpg|center]]
|
[[Image:Win at Sports Betting Step 5.jpg|center]]
|
||
|
Gambling addiction is a serious matter and if have or are suffering from this addiction, then matched betting is not for you.
|
Gambling addiction is a serious matter and if have or are suffering from this addiction, then matched betting is not for you.
|
||
from wikiHow - Recent Changes [en] https://ift.tt/2Zz1jcQ
via IFTTT
