Make Free Money : Matched Betting

The cricket makes for a fantastic opportunity to make some extra money.

The UK is ‘blessed’ rainy weather. When it rains you can make some money !!

Here’s how…

When the rain starts place a back bet on the draw in a cricket game. I have found that the best odds are usually found with the bigger bookmakers such as Bet365, boylesports, bluesquare or Coral. ( the other reason for this is that if they see you betting with them they will more likely give you another reload when you stop).

As the rain falls the odds for the draw will drop. The more the rain falls the more the odds will drop.

As the rain finishes then it is time to lock in the profit. Place a lay bet on the draw ( the odds will be less than the back now). To find out how much to lay just use the calculator as you would do so normally.

Now sit back and wait for the game to finish. What ever the result you will have made some extra cash.

I thank you !!

Mike Smith is a professional punter and has been betting on Betfair’s Financial markets since the beginning of 2004, mainly trading the FTSE intraday markets. To coincide with the launch of a new range of Betfair Financial Markets we asked Mike to give a few pointers and look at some of the tools required to complement a successful financial trading strategy…

When I tell people that I trade the financial markets on Betfair successfully, I get a variety of reactions. A common reply is along the lines of: ‘That sounds interesting, I might have a look at that myself’. This implies that people believe trading these markets is something that can be picked up easily.

To be fair I can understand the logic of this reaction as I can almost hear people thinking ‘If he can do it, it can’t be that difficult!’ However as anybody who has done it will tell you, trading the FTSE intraday markets is like riding a big rollercoaster – exhilarating and gut wrenching in equal measure.

To be successful requires a clear strategy that has been tested over time and approaching them without one is a shortcut to the poor house. Alongside your strategy, you also need to have a suite of information that can help you put that strategy into action. Below are a few websites containing resources that can be used in conjunction with your own strategy in the quest for profit.

The first and most obvious requirement is for up to date prices of the underlying market (in my case the FTSE 100 index). Streaming prices can be obtained through subscription sites such as advfn.com or moneyam.com. These sites provide a wealth of information and costs vary depending on the level of information required. Alternatively, Yahoo provides free live FTSE and Dow Jones prices. These are static but can be used in conjunction with an automatic browser refresher to give continuously updated prices.

If you are serious about playing the financial markets, you will need (at the very least) a basic understanding of Technical Analysis (TA) and an excellent introduction can be found at incademy.com. I find TA to be a significant tool in predicting longer term movements of the market but less suited to the short-term intraday markets. However I do calculate simple resistance/support levels using pivot points to indicate possible market reversals. A good explanation of pivot points can be found at investopedia.com.

The FTSE can (and does) spike up or down due to outside influences that are almost impossible to predict. However there are times when sharp movements are a reaction to the release of economic figures. If you want to avoid being on the wrong end of a swing in sentiment it is vital to be aware of the release times of these figures. I use the free financial diary at moneyam.com/marketdiary.php which gives US and Euro Zone as well as UK information.

Using the above resources will provide a number of weapons to your armoury but will not bring instant success. Research and discipline are key components of a successful strategy and nothing can replace time spent trading. Learning expensive lessons is par for the course and it is advisable to start off trading at minimum amounts until you are comfortable with the dynamics of the market you are trading.

If you do get it right and devise a successful strategy, the rewards can be great and with the recent introduction of new Betfair markets (including individual FTSE shares, Intraday Dow Jones and currencies) there is the chance to get involved and establish your strategies as the markets grow in popularity. If you can find an ‘edge’ in one of those markets then you could, with discipline and hard work, be on your way to profitable trading!

After all, ‘If he can do it, it can’t be that difficult!’

Finally Jenson Button is out of the limelight and Sebastian Vettel takes his place on pole in the 2009 Silverstone qualifying session earlier today.

After much political arguing the sport is still taking the spotlight for the sport itself which is great to see, however much longer who knows.

This is now your opportunity to make money by backing and laying (back bets and lay bets) at Free Easy Money. We have 60 bookmakers all offering some sort of free bet offer and we have a system to turn this money into cold hard cash - free! Tax Free!!

To read how you can start making money today, register (above) for free and read step by step our detailed and informal instructions. We won’t charge you a penny and trust us, you CANNOT LOSE. This is NOT GAMBLING.

Register and find out to see how you can make free easy money now after all, Vettel will be at some great odds for your qualifyting bet!

Good luck!

Dutching will be a different concept for most newbies to match betting. It is not for complete beginners.
Lay bets cover the “to not win” scenario. Dutching is similarly back betting on every possible outcome. If you were to back bet on a football game I’m sure you can see that 3 bets will be required to cover all the possibilities, Team A win, Team B win or the draw (3 way dutch).
More than “two way” dutches are for the more advanced money makers out there, so for this reason I am only going to talk about the 2 way dutches. This is where there will be only 2 outcomes, red card/no red card for the footie as opposed to win, lose, draw as above. 2 bets needed just as in back and lay – simple!

You will instantly see that 2 way dutching is perfect for tennis.

If you already have accounts at many bookies this could be a golden arb opportunity. Alternatively if you are looking to complete free bets on the tennis but your chosen bookie has different retirement terms to betfair this could also be good for you.

Advantages:

No exchange commission (unless you are using the exchanges of course!)
Offers that can’t be laid at exchanges due to rule differences (the tennis)
Doing two wager requirements at two bookies simultaneously without needing an exchange.
Good early odds that will be cut by the time the BF market gets going.

Disadvantages:

2 bets are required at bookmakers - it’s usually not possible to know for sure that all your bets will be accepted.
Odds changing - as more bookies are involved, there’s more chance that the odds will get cut while you’re placing your bets, especially if you’re taking a tip from a betting forum. Also, if a bookie cuts odds, they properly cut them, exchanges just drift down a little bit.

You should always have a back-up option if you cant get your chosen bet on, so you can quickly adjust your position for a minimal loss rather than having to gamble. This should be as simple as having a second bookie in mind.

You will need a dutching calc. Luckily there is one on the FEM automatcher to be found as a sticky in a thread not far from here. You will also find a reference tool here Dutching odds, which is most useful when starting out as to what makes good dutching odds. The odds in bold are to be compared against the set next to it as a minimum for a dutch. E.g.you will instantly be able to grasp that if Henman is playing Federer and both players are quoted at odds of 2.0, this is a no loss dutch. If you were qualifying for free bets with 2 different bookies, you are now quids in. What will happen however is that both players will be at different odds eg. A is at 1.9 and the odds for B will need to be a minimum of 2.11 – if they are higher this is an arb – any less and you lose a little – just as in back and lay minor odds differences.

Have a look at the dutching odds spreadsheet and play around with the dutching calc. Dont forget you are betting on both players to win but at different bookies.

If you want to bet on the tennis you also need the rules to be the same at both sets of bookies.

ADVICE where rules differ:
to minimise potential losses and maximise potential gains:
- bet on outsiders at bookies where bets are more likely to stand (eg no1 ball served),
- and favourites at bookies where bets are more likely to be voided (eg no4 match completed)

1. Ball Served
In the event of a match starting but not being completed, the player progressing to the next round will be deemed the winner:
Bwin
888sport
Bet1128
Betandwin
Bet-at-home
Betclick
Bets4all
Blue Square
Coral
Expekt
Fonbet
Intertops
Interwetten
Ladbrokes
Linesmaker
Sportfanatik

2. Set Completed
In the event of a match being awarded to a player before the full number of sets have been played, match bets will stand on the player officialy going through to the next round, provided at least one (1) set has been played:
5 Dimes
Betfair
Betfred
BetUK
BGbet
Extrabet
Skybet
Sportingbet
Sportingodds
Sunderlands
Totesport
Unibet
WBX

3. Two Sets Completed
In the event of a match being awarded to a player before the full number of sets have been played, match bets will stand on the player officialy going through to the next round, provided at least two (2) sets have been played:

Betdaq
Betmate
Pinnacle
Sportbet

4. Match Completed
In the event of a match starting but not being completed, all match bets will be void:
10Bet
188Bet
Bet24
Bet365 (specifically says unless a player is disqualified rather than injured)
Betabet
Betboo
Betcris
Betdirect
Betinternet
Betlads
Betway
Boylesports
Canbet
Centrebet
Gamebookers
IASbet
Jaxx
Paddy Power
Partybets
Sportingbet Australia
SportOdds
SportsBet.com.au
Sportsinteraction
Stan James
Victor Chandler
William Hill
Winunited

As ever these lists cannot be deemed to be totally accurate. Bookies can and do change their offers and rules frequently (to catch out the unwary?). Neither FEM or I can be held accountable for any inaccuracies. The best advice is check the terms yourself to be doubly sure. Please feel free to post any additions/inaccuracies here and I will update this page

WBX Members can take advantage of a range of fantastic International soccer free bet offers operating across five of this weekend’s biggest matches.

Watch and Earn

WBX Members that bet on any two soccer markets from the Wales vs. Finland fixture on Saturday 28^th March 2009 will be credited with a free 5GBP back bet by www.wbx.com if Robert Earnshaw scores a goal at anytime*.

Proven goal scorer Earnshaw has been in the form of his life this season for Nottingham Forest and his experience could be crucial if Wales are to gain a much needed win.

G-Force

WBX Members that bet on any two soccer markets from the England vs. Slovakia fixture on Saturday 28^th March 2009 will be credited with a free 5GBP back bet by www.wbx.com if Steven Gerrard scores a goal at anytime*.

Gerrard has almost single-handedly hauled Liverpool back into the title race and will be hoping to maintain his superb current form for the Three Lions at Wembley.

Head Over Heals

WBX Members that bet on any two soccer markets from the Northern Ireland vs. Poland fixture on Saturday 28^th March 2009 will be credited with a free 5GBP back bet by www.wbx.com if David Healy scores a goal at anytime*.

All-time leading scorer Healy is deadly in front of goal and his team-mates will need him to be up to the task once again if the hosts are to get the better of Poland.

Great Scott

WBX Members that bet on any two soccer markets from the Holland vs. Scotland fixture on Saturday 28^th March 2009 will be credited with a free 5GBP back bet by www.wbx.com if Scott Brown scores a goal at anytime*.

Brown forms part of a strong looking Scottish midfield and they’ll need to be at their best to contain an exciting looking Dutch side.

Treasure Hunt

WBX Members that bet on any two soccer markets from the Republic of Ireland vs. Bulgaria fixture on Saturday 28^th March 2009 will be credited with a free 5GBP back bet by www.wbx.com if Stephen Hunt scores a goal at anytime*.

Hunt has a keen eye for goal and the midfielder is sure to get forward as Trapattoni’s men look to keep pace with Italy at the top of the group.

There are up to 14 markets on offer at www.wbx.com for every televised fixture including Correct Score, Half Time/Full Time, Match Odds and a range of Over/Under Goals markets.