Boylesport Free Bet

To open a Boylesports account and claim a £20.00 free bet, please click here……

The Boylesports free bet is for £20.00 and is a ‘free matched bet’which is an ideal free bet to use for matched betting.

The ‘free matched bet’ is where online bookmakers offer you a free bet based on the amount of your qualifying (first) bet, whether that bet wins, loses or draws – as opposed to some free bets which are only awarded if your qualifying (first) bet loses.

The Boylesport free bet has a maximum amount of £20.00. To get the full £20.00 you need to open an account and make sure your qualifying (first) bet is for £20.00.

The qualifying (first) bet has to be placed on the same day as you open the account, and it must be placed on an outcome where the odds are 2.00 (Even money) or greater.

The Boylesports free bet will then appear in your account the next day and has to be used within 30 days, or it will expire and you will lose it. This offer is only open to residents of Ireland and the United Kingdom.

If more information about matched betting is required, it can be found here in my article about how matched betting works.

As with all qualifying and free bets, always make sure you have checked the terms and conditions on the online bookmakers‘ website, and make sure you are 100% certain about what you are doing before you place any bets.

To open a Boylesports account and claim a £20.00 free bet, please click here……

BetVictor Free Bet

To open a BetVictor account and receive a £25.00 free bet, please click here……

The BetVictor free bet is for £25.00 and is another of the ‘free matched bets’ which here at football gambler, I much prefer. The reason why I prefer a ‘free matched bet’ is because they are the ideal free bets to use for matched betting.

A ‘free matched bet’ is where you get a free bet to the same value of your qualifying (first) bet, whether that qualifying bet wins, loses or draws. It is in contrast to some free bets, which you will only receive if your qualifying bet loses.

To qualify for the BetVictor free bet you need to open an account and place a qualifying (first) bet of £25.00 on an event with odds at 2.00 (Even money) or greater.

You will also need to have your qualifying (first) bet placed and settled within 30 days of opening your account to qualify for this offer.

Once you have done this, you will receive a free bet in your account. It will appear in your BetVictor account as ‘Promo Cash’ and it also needs to be used in the next 30 days, otherwise it will expire and you will lose it.

As with all qualifying and free bets, please check the terms and conditions on the online bookmakers‘ websites before placing any bets. The reason why I always stipulate this, is because they can change the terms of the offer at short notice, and you should be sure of what you are doing before placing any bets for matched betting purposes.

To open a BetVictor account and receive a £25.00 free bet, please click here……

William Hill Free Bet

To open a William Hill account and claim a £25.00 free bet, please click here……

The William Hill free bet is for £25.00 and is what’s known as a ‘Free Matched Bet,’ this is where you get a free bet up to the value of your qualifying (first) bet, whether that qualifying bet wins, loses or draws. These sorts of offers are ideal free bets to use for matched betting.

To qualify for the William Hill free bet you need to first open an account using a valid promo code, then place a qualifying (first) bet on an event at odds of 1.5 (1/2) or greater. The free bet is only available to residents of UK, Republic of Ireland, India, Canada and Netherlands, and is only valid for 7 days after you receive it.

I would be looking for a return of £13.75 (55%) from the £25.00 William Hill free bet, my article about how matched betting works explains in more detail how to achieve this.

Like with all free bets and betting offers in general, please make sure you have read the terms and conditions on the online bookmakers‘ websites and that you fully understand what you are doing before you part with any hard earned cash.

To open a William Hill account and claim a £25.00 free bet, please click here……

Stan James Free Bet

To open a Stan James account and get a £10.00 free bet, please click here…….

The Stan James free bet is a ‘Free Matched Bet’ and is one of many ideal free bets to use for matched betting.

To qualify for the maximum £10.00 free bet you need to place a qualifying (first) bet of £10.00 on an event at odds of 1.8 (4/5) or greater. Once you have completed this, you will be credited with your Stan James free bet of £10.00 within 24 hours.

The Stan James free bet is only available to customers in the United Kingdom and Ireland and will be available to use for 30 days after you receive it, after which it will become void and you will lose it.

My article about how matched betting works will show you how to make the most of this and other free bets. I would be looking for a minimum return of £5.50 (55%) from the Stan James free bet.

As is the case with all free bets and bet offers from online bookmakers, please read through the terms and conditions on the online bookmakers‘ websites and make sure you know exactly what you are doing before placing any bets, free or qualifying. If you get Matched Betting wrong, it could cost you money, and we certainly don’t want that.

To open a Stan James account and get a £10.00 free bet, please click here…….

Totesport Free Bet

To open a Totesport account and receive a £10.00 free bet, please click here…..

The Totesport free bet is what’s known as a ‘Free Matched Bet,’ this is where you get a free bet that matches your first/qualifying bet (up to a maximum amount), whether that qualifying bet wins, loses or draws.

It is also one of many ideal free bets to use for matched betting.

With it being a relatively small amount, it is the perfect free bet to start with if you are new to matched betting, or if you are working with a small betting bank.

Like with all the matched betting I do, I would be looking for a minimum return of 55% (£5.50) on the Totesport free bet of £10.00.

To qualify for the full £10.00 Totesport free bet you need to open an account and place a qualifying (first) bet of £5.00 on an event where the odds are 2.00 (Even money) or greater.

You need to use the Totesport free bet within 7 days of placing your qualifying (first) bet, otherwise it will expire and you will lose it.

Like with all free bets from online bookmakers, make sure you check the terms and conditions and fully understand what you are doing before parting with any hard earned cash.

To open a Totesport account and receive a £10.00 free bet, please click here…..

Betting Exchanges

The innovation of the betting exchange gave the gambling industry it’s biggest shake up for years. The betting exchanges totally transformed the online betting landscape and forced the conventional online bookmakers to awaken from their complacency, as they realised that us mug punters no longer needed to continue hand feeding them our hard earned cash.

I now rely on a betting exchange for all of my football trading and some of my football betting. In my opinion, they are brilliant for online betting, and my football trading couldn’t operate without them.

I actually have accounts with two betting exchanges, Betfair and Betdaq. There is a good reason for this, I use my Betfair account for my serious football trading, and I use my Betdaq account for my speculative, bit of fun bets.

Betfair currently charge commission at a rate of 5%, while Betdaq charge only 3%. The reason why I use Betfair and their 5%, is because they have more markets and far more liquidity, and for the markets I currently trade in, I need plenty of liquidity.

The 3% commission from Betdaq is great though, and as a result I am happy to use them for my speculative bets. The big games is where I have an opinion (that is usually wrong), and there is generally just about enough liquidity to get my ‘mug punter’ small bets matched in running on these games.

Unfortunately though, there is just not enough liquidity with Betdaq in the markets for my Over/Under 2.5 goals pre match trades, and Assured Soccer Profits, so I have to lump the 5% commission and stick with Betfair to trade these markets.

If you do prefer football trading to football betting, then a betting exchange account is a must. This is highlighted by the fact that Assured Soccer Profits and the Pre Match Trading, have both built and sell their trading products based on Betfair usage.

A betting exchange account is also needed for matched betting. With how matched betting works, without a betting exchange account it would be virtually impossible to implement this system.

While I’m on the subject of matched betting, Betfair offer a £20.00 free bet if your first bet loses, while Betdaq offer a £30.00 free bet if your first bet loses.

Cashing out these sort of free bets using the matched betting method is a bit of a pain in the backside. So an alternative to this is to open accounts with both, find an event with two ‘runners’ and back one with Betfair and one with Betdaq.

To qualify for the Betdaq free bet, your first bet has to be placed at odds of 2.00 (Even money) or greater. So basically find a bet at over 2.00 on Betdaq and put £30.00 on it. Try and find an event with odds of around 2.1 for this.

Then have £30.00 on the other runner with Betfair with odds of around 1.9 and have £33.00 on it. This way whoever wins, you will get back just over £61.00, and it will have cost you £63.00 to place the two bets.

But you will now have either a £30.00 free bet, or a £20.00 free bet, which you can now guarantee a profit with using the matched betting method.

How Matched Betting Works

Following on from my article about what is matched betting, here I’m going to write about how matched betting works.

To start with, you will need a betting exchange account. I use Betfair, there is others, including Betdaq.

The reason why you will need a betting exchange account is to lay off your first (qualifying) bet, and a proportion of your free bets (this is how matched betting makes money).

I have written an article about the best free bets to use for matched betting, and from that article I’m going to use a £50.00 free bet to give you an example of how matched betting works.

Some online bookmakers have a minimum stipulation that your first (qualifying) bet has to be placed at odds of 2.00 (Even money) or greater in order to qualify for the free bet. So for the benefit of this example I’m going to work on that theory.

First (and like with all matched bets I place), I would select a football match or sporting event where the odds with the bookmaker is as close to the odds with the betting exchange, as possible.

Then I would place my qualifying bet like this…..

Back Team A @ 2.00 (Even money) with online bookmaker for £50.00.

Lay Team A @ 2.00 (approximately) or nearest price, ie 2.02 or 2.04, on betting exchange for approximately £50.00, to cover qualifying bet and get as close to £50.00 back as possible.

Once this is all settled and I have received my free bet, I would then use my free bet on a different football match or sporting event like this……..

Back Team A @ 4.0 (3/1) with online bookmaker for £50.00.

Lay Team A @ 4.1 (approximately) or nearest price, ie 4.2 or 4.3, on betting exchange for £37.00 (approximately), this guarantees me a profit of around £35.00.

It breaks down like this…… if the free bet wins I will receive £150.00 from the online bookmaker and lose £114.70 on the betting exchange – a profit of £35.30.

If the free bet loses, I get nothing from the online bookmaker (but don’t lose anything, as it was a free bet) and I get back £35.15 on the betting exchange – a profit of £35.15.

As I already stated, this is just an example of how I would do things. The prices I have quoted in my example can’t be guaranteed. As a rule of thumb, if I find a bet of 2.00 (Even money) with an online bookmakers, the chances are it will be somewhere between 2.02 and 2.08 to lay on Betfair.

Likewise with my free bet example. If I found a price of 4.00 (3/1) to back with the online bookmaker, the price on Betfair to lay the bet would probably be somewhere between 4.1 and 4.4.

This is why I quote ‘approximately’ in my examples. If the qualifying bet is placed at 2.00, and the lay bet is priced at 2.06, the amount needed to lay the bet (after commission) would be slightly more than £50.00.

It is important to be patient and take time when looking for a qualifying or free bet for matched betting, as the closer the odds are between the online bookmaker and the betting exchange the better, as it results in greater profits.

In general though, it is highly likely that when placing any qualifying bets a small percentage will be lost. From my own point of view, if I was placing a £50.00 qualifying bet I would be looking to get a minimum of £47.50 returned on it, meaning a small loss of £2.50 (5%), any higher and I wouldn’t do it.

When it comes to the free bets, I always look to make 60% profit (ie, £30.00 returned on a £50.00 free bet). After I have taken off any possible loss from my qualifying bet, I would want a minimum total return of 55% of my free bet value, although I generally get 60% these days.

This is a typical process I have followed while cashing in my free bets for matched betting. I hope I have explained things clearly, if anyone needs any help with matched betting, feel free to leave a comment and ask – I’ll be very happy to help out in any way I can.

Free Bets for Matched Betting

There are hundreds, even thousands of pounds worth of free bets out there and nearly all of them can be used for matched betting. Free bets can come in different forms, there is the reasonably straight forward free matched bet, the first deposit match up, and the free bet only if your first bet loses.

The difference in all these free bets is fairly simple, but consequently it can be a touch more difficult when it comes to how matched betting works.

In this blog post I’m going to concentrate on the free bets which are matched betting friendly, as they are the best ones to start with (I’ll write about the one’s that are less easy to use in another post).

The free bets I am writing about here are known as free matched bets. This is where the online bookmakers will give you a free bet for the same value of your first (qualifying) bet, whether that first bet wins, loses or draws. It is simply a free bet that mirrors your first bet, up to a maximum amount (ie £50.00).

There is none of this first deposit match up, or we’ll give you a free bet only if your first bet loses, etc….. which some online bookmakers offer (and in my view, these are the less friendly matched betting free bets).

Here are the online bookmakers who offer the easier to use matched betting friendly, free bets that you should start with……

Totesport – £10.00 Free Bet
Stan James – £10.00 Free Bet
Boylesports – £20.00 Free Bet
William Hill – £25.00 Free Bet
BetVictor – £25.00 Free Bet
Blue Sq – £25.00 Free Bet
Corbett Sports – £30.00 Free Bet
Coral – £50.00 Free Bet
Paddy Power – £50.00 Free Bet
Ladbrokes – £50.00 Free Bet
Betfred – £50.00 Free Bet

With these free bets you simply place your first/qualifying bet and then lay it on a betting exchange to ensure you don’t lose (I use Betfair). You then use your free bet and lay a percentage of it on a betting exchange to ensure a guaranteed profit – no matter what happens (here, you can find more details of how matched betting works).

In my view these are by far the easiest free bets to cash in, and are the best free bets to start with if you are new to matched betting, or starting with a small to moderate sized betting bank.

I would suggest starting with Totesport, basically starting with the smallest free bet first, and then working your way down the list.

That way if you are new to matched betting, you are not risking a large amount of money while you are getting familiarised with what you are doing. (If you are new to matched betting, I would suggest you first read my article what is matched betting?)

While if you have a smallish betting bank, you will only be able to cash in the smaller free bets to start with, but while you are doing this you are building up your bank, which will enable you to cash in the larger the free bets further down the line.

What is Matched Betting?

What is Matched Betting? Well, Matched Betting is actually a way of making risk free money using the free bets offered by online bookmakers to try and entice us into opening accounts with them.

What happens is a bookmaker will tempt to us to join them by metaphorically saying to us ‘come and have a £50.00 free bet on us. All you need to do is open an account, have a bet of £50.00, and as we are so nice and generous we will give you a free bet for £50.00.’

The online bookmakers know that in most cases, a ‘gambler’ will be opening the account. The ‘gambler’ will probably lose one of these two bets, or maybe even both of them, meaning the bookmaker will at worst lose a few quid (on the two bets).

Even if the ‘gambler’ makes money on both these bets, in the majority of cases the online bookmaker won’t mind, as they know that the ‘gambler’ will then continue gambling with that bookmaker losing money hand over fist to it for years and years, meaning the bookie still comes out on top in the long run.

In short, the free bets on offer are regarded as a loss leader by the online bookmakers, to grab our custom (and hard earned cash).

There is another way though, and that way is by using the ‘Matched Betting‘ method – a non gambling method.

Despite the name Matched Betting, this isn’t actually betting or gambling, but it does involve placing bets. I see it more as football trading, as most of the bets I place for matched betting, are placed on football.

The reason why it isn’t regarded as gambling or betting is because we don’t actually care what the outcome of the bet we place is. We are placing the bet as part of the system we are using, not taking a punt on who will win the big match on TV. This bet can win, lose or draw, it won’t matter to us as we are not actually gambling.

I’m not going to go into the finer detail of matched betting here, that’s in my blog post about how matched betting works. I have also written another post detailing the best free bets for matched betting.

Pre Match Trading – Week 14 Results

28th November Southampton v Norwich / Match Odds – Won 38p
28th November Stoke v Newcastle / Match Odds – Lost £4.17
1st December Fulham v Tottenham / Over/Under 2.5 Goals – Won £2.23
1st December Barcelona v Ath Bilbao / Over/Under 3.5 Goals – Won £3.54
1st December Real Madrid v Atl Madrid / Over/Under 2.5 Goals – Won £4.07
2nd December Granada v Espanyol / Over/Under 2.5 Goals – Lost £2.42
2nd December Burnley v Blackburn / Over/Under 2.5 Goals – Lost £3.93
2nd December Norwich v Sunderland / Over/Under 2.5 Goals – Won £2.39
2nd December Mallorca v Zaragoza / Over/Under 2.5 Goals – Won £1.44

A week’s football online trading profit of £3.53.

Total Pre Match Trading profits to date is £108.55. My betting bank now stands at £208.55, I started off the experiment with a football betting bank of £100.00 and use around 75% of my available bank on my trades, which are all done pre match using Betfair.

Week 14 was one of my worst week’s football trading using this system. As you can see from the first two games traded, I switched tactics and traded the outright winner market, as opposed to the usual Over/Under 2.5 goals market.

The Southampton V Norwich game was just a modest £40.00 trade as the majority of my betting bank was stuck in a large hole trading the Stoke V Newcastle game at the time.

The pre match trade on Stoke V Newcastle was a cock up brought about by a couple of cardinal sins. My first sin was to listen to someone else’s advice, and the second was me placing my bet with a view to what I thought would happen in the game, as opposed to what the market might do, pre match.

By that what I mean is that I thought Stoke would win, so when I heard on the radio that morning that they were just over Even money, I thought I had to have a bit of that. And when the market wakes up to the fact that Stoke are overpriced, the Even money on Stoke would soon get snapped up, meaning an easy pre match win.

I phoned my bet through at about 11.30AM, getting 2.08 on a Stoke win and thought no more about it until I got home. On checking my Betfair account at about 7.30PM, I was shocked to see Stoke where 2.24 to lay, and me looking at a red of about £8.00.

After a lot of frantic late trading I managed to get the red down to an acceptable £4.17.

This trade was flawed for a number of reasons. I shouldn’t be trading on the whim of a punters opinion on the radio, I shouldn’t be trading because I think a team should win (it’s irrelevant pre match, as it’s how the market is going to react that’s relevant), and I had no internet access during the day to see how the market was behaving (I phoned the bet through, I couldn’t keep ringing up to see how the market was behaving), basically I wasn’t in a position to react to any major market movements.

I have stressed on this betting site many a time that I should only trade when I can give it my full attention, and clearly this trade didn’t have my full attention.

For the rest of the week I went back to basics and traded the Overs/Unders markets and managed to make a profit trading these markets. I think sometimes I can get a bit over adventurous while football trading and end up trying to be too smart. It’s amazing how after a loss I go back to basics and just simply trade out for a profit at the first attempt, and as a result, I make money.

I do sometimes ask myself why I just don’t trade like that full stop! But I suppose if I did, I may miss out on finding a new niche to trade, or technique to use. After all, this is the right time to experiment, while I’m using a couple of hundred of quid – as opposed to a couple of grand.