Make Free Money : Matched Betting

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

This entry was posted on Monday, May 4th, 2009 at 12:43 pm and is filed under Make Money. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.