Matched betting is the process by which you can take advantage of free bets UK with bookmaker brands. These free bets may be part of a welcome offer or in a package of bonuses for existing customers. No risk matched betting involves placing back bets (backing) with a fixed odds bookmaker and taking bets (laying) the same outcome on a betting exchange. So, here are the best betting sites in each area that provide great odds for no risk matched betting, followed by our matched betting guide:

Bet £10, Get £30
T&Cs: New UK members only | Min. dep.: £10 | Wagering: 1x | Min. odds: Evens (2.0) or bigger | Max. bonus: £30 | Valid: 60 days | Full T&Cs apply | 18+ | BeGambleAware.org
4.5 rating
4.5
T&Cs | 18+
New customers can claim £30 in the form of free bets after placing the first bet for £10 using the optional Betfred promo code. After Betfred login, the qualifying bet is at 2.0 (Evens) of bigger and on any sports market. However, any winnings from the free bet does not include the stake and the free bet amount expires after seven days. Be sure to read the full Terms and Conditions on the betting site.
50% up to £50
T&Cs: New UK members only | Min. dep.: £15 | Wagering: 8x (bonus + deposit) | Min. odds: 4/5 singles, 2/5 accas | Max. bonus: £50 | Valid: 60 days | Full T&Cs apply | 18+ | BeGambleAware.org
4.3 rating
4.3
T&Cs apply | 18+
The 10bet sign up offer allows new customers to claim up to £50 in the form of a 50% match deposit bonus. The minimum deposit is £15 and a deposit of £100 applies to claim the maximum bonus. However, there is a wagering requirement of eight times the deposit and bonus and the bonus expires after 30 days. Odds restrictions apply for the qualifying bets and bonus for this 10bet welcome offer. Be sure to read the full Terms and Conditions on the betting site.
£20 Backup Free Bet
T&Cs: New UK members only | Min. dep.: £10 | Min. bet: £20 acca of 3+ | Min. odds: 1/2 | Wagering: 1x | Max. bonus: £20 | Valid: 7 days | Full T&Cs apply | 18+ | BeGambleAware.org
4.3 rating
4.3
T&Cs | 18+
New Bwin UK customers activate the Bwin welcome offer with a minimum deposit of £10 and a qualifying bet of £20 on 3+ selection at odds of 2.0 (Evens) or bigger. The company credits the free bet for losing qualifying bets. However, any winnings from the Bwin welcome bonus free bet do not include the stake. Be sure to read the full Terms and Conditions on the betting site.
£10 MoneyBack Free Bet
New UK members only | Min. bet.: £10 at odds of 2.0+ | Horse racing excl. | Max. bonus: £10 if losing first bet | Valid: 7 days | Full T&Cs apply | 18+ | BeGambleAware.org
4.3 rating
4.3
T&Cs | 18+
Are you joining Sportingbet for the first time? Then your first bet is on the house! Deposit and wager at least £10 on odds of 1/1 or higher. Keep in mind that voided or cashed out bets do not count towards this promo. Should your team let you down, you get your money back as a £10 free bet. Note that horse racing betting is excluded and that only deposits via bank transfer, dinners, eWire, InstantBank, InstantBanking, Kalixa, Maestro, Mastercard, Qiwi, Visa and Wire are eligible for the promo. Be sure to read the full Terms and Conditions in the betting site.

As part of this matched betting guide, here are the answers to the most common questions related to free bet offers that can be utilised to make easy money from matched betting offers. You’ll find a more advanced FAQ below.

What is matched betting?

Matched betting UK is a process involving a series of steps which facilitate the use of bookmaker free bets to make easy money. Just about every UK-facing bookmaker offers free bets and bonuses as part of a new customer offer. The betting industry is constantly looking for signups and potential new customers can select from a number of operators. Therefore, betting sites promote free bets as an incentive to open an account, deposit betting funds and place bets. These free bet offers provide windows of matched betting opportunities.

Betfred Free Bet if 2nd
-
Bonus Code
£10 Free Bet
T&Cs: Existing UK members only | Win and each way bets | Refund up to £10 | Full T&Cs apply | 18+ | BeGambleAware.org
More info
Customers receive a free bet if the selection they back finishes second in a horse race. The offer applies to several races and the maximum free bet is £10. So, free bets are valid for seven days and any returns do not include the free bet stake. Betfred online announces the qualifying races in good time for customers to see the promotion and claim Betfred free bets. Be sure to read the full Terms and Conditions on the betting site.
Betfred Welcome Bonus
-
Bonus Code
Bet £10, Get £30
T&Cs: New UK members only | Min. dep.: £10 | Wagering: 1x | Min. odds: Evens (2.0) or bigger | Max. bonus: £30 | Valid: 60 days | Full T&Cs apply | 18+ | BeGambleAware.org
More info
New customers can claim £30 in the form of free bets after placing the first bet for £10 using the optional Betfred promo code. After Betfred login, the qualifying bet is at 2.0 (Evens) of bigger and on any sports market. However, any winnings from the free bet does not include the stake and the free bet amount expires after seven days. Be sure to read the full Terms and Conditions on the betting site.
10bet Horse Racing Free Bet
-
Bonus Code
£10 Free Bet
T&Cs: Existing UK members only | Win or Each Way bets | Backed horse beaten by a head | Refund up to £10 | Full T&Cs apply | 18+ | BeGambleAware.org
More info
Account holders must contact customer support to activate the offer. If a horse the bettor backs is beaten by a head or less, 10bet will refund the stake up to £10 in the form of a free bet. Win or each way bets count for this promotion. The free bet equates to the value of the qualifying bet which has to be for a stake of up to £10. However, any winnings from the 10bet free bet do not include the stake and the free bet expires after seven days. There is an odds requirement for the free bet of 1.8 (4/5) to 8.0 (7/1).

Here is a small glossary of terms that is a useful element of this matched betting guide:

  • Back: A bet on something to happen.
  • Lay: A bet on something not to happen.
  • Bookmaker: An operator that accepts back bets.
  • Betting Exchange: An operator that accepts lay bets.

Matched betting involves placing a back qualifying bet and back free bet with a bookmaker and counter lay bets with a betting exchange. Consequently, there is a calculation that allows you to make easy money with little risk. However, timing is key to matched betting. The calculation depends on the current betting odds, which are constantly fluctuating in response to the weight of money.  Hence, there is a brief amount of time to place the counter lay bets.

8 months ago 0 305
Betting odds are a numerical representation of the probability of something happening. They are created by bookmakers who make a book of betting odds for each potential outcome of an ...

How to do matched betting?

Matched betting requires a calculation to ensure you make a profit using free bets. There are three stages in this process:

  1. Place a qualifying bet.
  2. Claim the free bet.
  3. Use the free bet.

For each qualifying back bet, there is a counter lay bet on the same event. You are backing something to happen and the same thing not to happen, by placing a back and lay bet. The matched betting works out the stakes. You enter the stake and odds for the back bet with a bookmaker and the lay odds on the betting exchange. The calculation tool works out the lay stake. However, you might lose a small amount but the qualifying bet unlocks the free bet.

You are backing something to happen and the same thing not to happen, by placing a back and lay bet.

Once the bookmaker credits the free bet, you follow the same procedure using the free bet. It is the same calculation with the proviso that the bookmaker does not return the free bet stake. The net result is a profit regardless of the outcome of the two events. So, you will find a range of calculation tools at OddsMonkey and Profit Accumulator.

How does matched betting work?

The best way to illustrate how matched betting works is with a worked example. We are assuming the bookmaker credits a new customer £50 in the form of a free bet. The offer might be a 100% matched bet bonus, which means the value of the free bet equates to the value of the qualifying bet. Alternatively, the bonus is a 50% matched bet bonus when the free bet is half the qualifying bet. Another scenario is a 200% matched bet bonus when the free bet is twice the qualifying bet.

Betfred Welcome Bonus
-
Bonus Code
Bet £10, Get £30
T&Cs: New UK members only | Min. dep.: £10 | Wagering: 1x | Min. odds: Evens (2.0) or bigger | Max. bonus: £30 | Valid: 60 days | Full T&Cs apply | 18+ | BeGambleAware.org
More info
New customers can claim £30 in the form of free bets after placing the first bet for £10 using the optional Betfred promo code. After Betfred login, the qualifying bet is at 2.0 (Evens) of bigger and on any sports market. However, any winnings from the free bet does not include the stake and the free bet amount expires after seven days. Be sure to read the full Terms and Conditions on the betting site.
mr.play Welcome Bonus
-
Bonus Code
Bet £10, Get £10
T&Cs: New UK members only | Min. dep.: £10 | Wagering: 1x free bet | Odds: 2.0 for the qualifying deposit and 1.8 for the free bet | Max. bonus: £10 | Valid: 14 days | Full T&Cs apply | 18+ | BeGambleAware.org
More info
New UK customers can claim £10 in the form of a bet token. This is a 100% match bet bonus because the value of the bet token equates to the qualifying bet. However, this bet must be at minimum odds of 2.0 (1/1) and the free bet token expires after 14 days. The bet token is valid at odds of 1.8 (4/5) or bigger and any winnings do not include the free bet stake. Keep in mind that deposits via Skrill, Neteller and PayPal do no qualify for this promo. Be sure to read the full T&Cs on the betting site.
Bwin Sign Up Offer
-
Bonus Code
£20 Backup Bet
T&Cs: New UK members only | Min. dep.: £10 | Min. bet: £20 acca of 3+ | Min. odds: 1/2 | Wagering: 1x | Max. bonus: £20 | Valid: 7 days | Full T&Cs apply | 18+ | BeGambleAware.org
More info
New Bwin UK customers activate the Bwin welcome offer with a minimum deposit of £10 and a qualifying bet of £20 on 3+ selection at odds of 2.0 (Evens) or bigger. The company credits the free bet for losing qualifying bets. However, any winnings from the Bwin welcome bonus free bet do not include the stake. Keep in mind that horse racing bets do not qualify. Additionally, the offer is only available for limited deposit options. Be sure to read the full Terms and Conditions on the betting site.

For the purposes of this example, a bookmaker is offering a 100% matched bet bonus for up to £50. Let’s assume the first deposit is £50 which makes the maximum free bet available. You can use a basic spreadsheet to make this calculation or the Profit Accumulator and OddsMonkey calculator.  However, the calculation must take into account betting exchange commission on winning bets which we will assume is at a standard rate of 5%.

Here are the two elements of matched betting using free bet offers:

Matched Betting Calculator

£50 back at 3.0.
£46.88 lay at 3.25.

There are 2 potential outcomes:

  • If the bet wins, you win £100 from the back bet but lose £105.48 from the lay bet for a net loss of £5.58.
  • If the bet loses, you lose £50 from the back bet but win £46.88 from the lay bet for a net loss of £3.22

So, there is a small loss regardless of the outcome, but you have unlocked the free bet.

Free Bets

£50 back at 5.0.
£36.70 lay at 5.50.

There are 2 potential outcomes:

  • If the bet wins, you win £200 from the back bet but lose £165.15 from the lay bet for a net profit of £34.85.
  • If the bet loses, you lose the free bet but win £36.70 from the lay bet for a net profit of £36.70

Hence, the guaranteed overall profit is £34.85 or £36.70, regardless of the outcome.

OddsMonkey or Profit Accumulator provide good calculation tools. You calculate the qualifying bet ‘Normal’ mode and the free bet in ‘Stake Not Returned’ Mode. The normal convention with bookmaker free bet offers is that any winnings from a free bet do not include the free bet stake. In effect, that would be increasing the value of the free bet.

You must be aware that back and lay odds are constantly changing so, in both parts of the process, it is imperative to place the counter lay bets without any delay. Matched betting is now very popular, which means there are many resources which help you identify opportunities to use betting sites free bets. Market forces will soon close the small window in which to place back and counter lay bets.

New on BookiePro:
LV Bet
4.5/5
Betfred
4.5/5
Betfred
T&Cs | 18+
New customers can claim £30 in the form of free bets after placing the first bet for £10 using the optional Betfred promo code. After Betfred login, the qualifying bet is at 2.0 (Evens) of bigger and on any sports market. However, any winnings from the free bet does not include the stake and the free bet amount expires after seven days. Be sure to read the full Terms and Conditions on the betting site.
10bet
4.3/5
10bet
T&Cs apply | 18+
The 10bet sign up offer allows new customers to claim up to £50 in the form of a 50% match deposit bonus. The minimum deposit is £15 and a deposit of £100 applies to claim the maximum bonus. However, there is a wagering requirement of eight times the deposit and bonus and the bonus expires after 30 days. Odds restrictions apply for the qualifying bets and bonus for this 10bet welcome offer. Be sure to read the full Terms and Conditions on the betting site.
Bwin
4.3/5
Bwin
T&Cs | 18+
New Bwin UK customers activate the Bwin welcome offer with a minimum deposit of £10 and a qualifying bet of £20 on 3+ selection at odds of 2.0 (Evens) or bigger. The company credits the free bet for losing qualifying bets. However, any winnings from the Bwin welcome bonus free bet do not include the stake. Be sure to read the full Terms and Conditions on the betting site.
Sportingbet
4.3/5
Sportingbet
T&Cs | 18+
Are you joining Sportingbet for the first time? Then your first bet is on the house! Deposit and wager at least £10 on odds of 1/1 or higher. Keep in mind that voided or cashed out bets do not count towards this promo. Should your team let you down, you get your money back as a £10 free bet. Note that horse racing betting is excluded and that only deposits via bank transfer, dinners, eWire, InstantBank, InstantBanking, Kalixa, Maestro, Mastercard, Qiwi, Visa and Wire are eligible for the promo. Be sure to read the full Terms and Conditions in the betting site.

What is no risk matched betting?

You can take matched betting UK a stage further with no risk matched betting. There is an option on the calculation tool to work out the required lay stake in ‘Risk Free’ mode. Conventional matched betting is virtually risk free because of the use of a calculation tool. Tools adjust mathematical calculation process to take into account risk free best bet offers.

The whole process can be time consuming as you must identify the free bets and windows to take advantage. Manual calculations can be quite complex even using a spreadsheet. Hence, there is value in subscribing to resources such as OddsMonkey and Profit Accumulator, which provide calculation tools for all types of free bet offers.

How much money can you make from matched betting?

Some online subscription services may overestimate the amount of money you can make from matched betting. Even so, the raft of sign up free bets can net several hundred pounds if you follow the correct procedures. The ongoing free bets provide daily matched betting opportunities. However, it is important to have a good measure of organisation. This means having adequate funds in your bookie and betting exchange accounts. You must also be aware of the importance of timing.

Keep your expectations in check and don’t take a smooth process for granted.

It is feasible to retain up to 90% of a free bet. The process can be repeated for recurring free bets and the profits are mainly risk free or low risk. A rough guide to the easy money on offer is about £20 per hour tax free, but the opportunities would take up no more than two hours each day. The use of calculation tools is essential because manual calculations are time consuming and subject to errors. The risks associated with matched betting are making mistakes and poor timing.

The key to any successful money-making system is discipline. You must keep your expectations in check and don’t take a smooth process for granted. Matched betting requires concentration and a structured approach. There are some pitfalls such as the potential for mistakes and delays in placing the lay bet until the odds have changed. However, you can make a decent second income from the use of free bets UK and no risk matched betting.

Read More
2 months ago
0 107
8 months ago
0 280
8 months ago
0 254
[ultimate-faqs include_category=""]

Leave a Reply

Your email address will not be published. Required fields are marked *

New on BookiePro
LV Bet

Access over 1,500 daily betting events and top-notch features on desktop or mobile.

Betfred

Find the betting quality of the famous UK retail, right at home or on mobile!

10bet

With 10bet you get over 30 betting sports, an easy and pleasant layout, top live betting features.

Bwin

Experience one of the best live betting platforms and top betting facilities at Bwin.

Sportingbet

Find out why Sportingbet is one of UK´s favourite and most trusted betting sites since 1998!

Best Betting Sites
Betfred

Find the betting quality of the famous UK retail, right at home or on mobile!

10bet

With 10bet you get over 30 betting sports, an easy and pleasant layout, top live betting features.

Bwin

Experience one of the best live betting platforms and top betting facilities at Bwin.

Sportingbet

Find out why Sportingbet is one of UK´s favourite and most trusted betting sites since 1998!

Karamba
Karamba

Karamba is the realm of great betting opportunities with over 30 sports and fantastic offers!

Recent Comments