If you’re looking to start matched betting, learning what a lay bet is – and how to place a lay bet – is an absolute necessity.
Every single bet you place will involve laying bets off.
The process sounds a lot trickier than it actually is; it’s extremely easy!
Firstly, you’re going to need to be signed up to a betting exchange such as Betfair.
Betfair – on their exchange – allows you to bet AGAINST results.
Let’s give you an example to simplify things:
Instead of betting on Arsenal to win, you can choose to bet against Arsenal to win.
In that situation, you’ll win your bet if Arsenal draw or lose.
This process – betting against possibilities, is known as the LAY bet.
It’s that easy!
Betting against an outcome, is laying that bet.
So in the example previously, you would be LAYING Arsenal.
The main issue people have with placing lay bets is just how complicated it looks:
To newcomers, that image probably looks like a complicated form of sports stock exchange.
Well, that’s not too inaccurate, really. But it’s a lot more simple to use than a stock exchange, that’s for sure.
To place a regular bet on your chosen selection, you’d click the blue box. Just like using a betslip at a bookmaker; click the blue box, enter your stake and then click ‘Place bet’.
To place a lay bet, you’d choose the red box. The process after that is almost identical to the above.
The other boxes aren’t all that important – they do serve a purpose, but you don’t need to worry about them at this stage in your betting journey.
Why do you need lay bets in matched betting?
In matched betting, every bet you place will need to be laid off.
You do this using a matched betting calculator, and you lay off every bet so that you never lose any (or much) money on each bet; usually it’s just a few pence.
By laying off bets, you can qualify yourself for free bets with very, very minimal investment up front.
How does a £25 free bet sound for the price of 20p?
That’s how matched betting works.
Better still, you can lay off your free bet too – again using the calculator – ensuring you guarantee an 80% profit minimum on every free bet.
What does liability mean?
When you place a regular bet – let’s say you want to bet £10 on Lionel Messi to score the first goal in Barcelona’s next game – the money you are risking is easy to see: £10.
£10 is the most amount of money you can lose on this bet, regardless of what Messi’s odds are to score first.
However, when you lay a bet, things work the opposite way round.
If you lay £10 on a bet, you’re actually aiming to WIN £10.
The amount you could lose – your liability – is £10 multiplied by the lay odds. You then add your £10 stake back on.
In simpler terms:
The odds to LAY Messi as first goalscorer is 4.0, so your liability is £30.
The money you stand to win is £10 if he doesn’t score first, minus commission from the betting exchange.
Of course, you’ll never actually lose the £30 when matched betting, because you’ll have also backed Messi to score on another site.
We are commonly asked how much you can make from matched betting.
“So how much money can I make?!”
Once people realise how much money is possible from this simple process, things usually get pretty exciting.
…And why wouldn’t they? We were all there once.
How much you can earn from matched betting depends on a few things that we break down in this post.
Like with virtually every money-making opportunity in the world, the more money you have, the more money you can make.
The rich get richer, eh?
That’s about right, yes.
However, thanks to this simple betting process that we teach, even the poor are becoming the richer – that includes us!
We say the same thing for everyone asking us how much money you need to start: £100 minimum.
This is the money you’ll need to place a bet on one bookmaker and then lay it off on a betting exchange.
This £100 should hopefully turn into around £120 as soon as your first sign-up has finished.
The process normally takes a day or so – but only five or ten minutes actual work – until the matches or races that you’ve bet on have finished.
You can then take this £120 and move onto the next sign-up, and it will become £140 by the next day. If you’re lucky, you may even be able to complete two offers simultaneously.
Once you’ve completed a few offers successfully, you’ll definitely be in a position to be doing multiple sign-ups at once. Not only will you have the bankroll to accommodate it, but you’ll be more confident in placing the bets too.
By the end of completing the sign-up offers, you should hopefully have at least £500 in profit.
If you start with £100 in 2018, we’d estimate that your twelve month profit will be in the region of £5,000, if you put in at least an hour a day, five days a week.
It could be more!
Please note, the above is just an estimate. We must state that your earnings can vary, it does depend on a lot of factors that include how much time you can put in, how big your bankroll is, how good the bookmaker offers are, if you manage to avoid mistakes, and more.
But what if you already have more than £100 to start with?
If you’re able to start with £300 or £400 (I used my overdraft when I started, although I’m sure you’ll be more sensible!) then you can complete multiple sign-up offers at once from the get-go.
If this is the case, after you’ve spent a few days learning the process, you’ll be able to fly through the offers, especially when using a service like ProfitAccumulator. I earned over £1,000 in my first month with the site.
In our opinion, picking the right site that lists the days offers and supplies the tools to make things easier is essential.
Trust us when we say that trying to go the free route will only get you the lowest quality offers and probably the lowest quality of profits too.
We only recommend the best, and you can get a free trial of their service if you go through this link
The £1,000 – £1,400 profit region is achievable, with some making £2,000 plus in their very first months – especially if some high-reward offers go their way.
Personally, I made £1,313.21 in my first month, which is probably pretty average compared to many, but you shouldn’t worry about what others are making. As long as you are making profit then don’t look to compare yourself – after all, you can only be better than yesterday’s version of yourself.
After the first month is up, or even the first week, you’ll feel crazy that you ever sat and wondered “can I really make money with matched betting?!”
If we were starting with a £400 investment in 2018, we’d be aiming to earn around £8,000 profit within twelve months, assuming we could put in an hour’s work each day. Remember, the more work you put in, the more you’ll typically earn.
Previous Betting History
Something that limited me from earning more in the first month was how many betting accounts I was already signed up to.
We hear this question all of the time:
Can I do this if I’m signed up to all of the bookmakers already?
I was already signed up to a whopping seventeen online bookmakers before I discovered matched betting, and I still do pretty well out of it!
Why was this?
I made use of some introductory offers in the past for free bets, as I’m sure many of you have done too.
I also used to gamble a lot. I never thought it was an issue, but when I look back now I definitely have huge regrets.
Not big money, but it was small bets often:
A bet on the football here, a spin on roulette there…you catch my drift.
Those times seem crazy to me since becoming a matched bettor.
The thought that gambling isn’t low risk (unlike what we teach here) and the fact it’s never a good long-term decision often puts me off, unless I’m confident that I’m finding real value.
Hearing people say “I’ve got a horse tip – it’s a cert!” makes me cringe.
I don’t mind the odd small-stakes football accumulator – at least they make neutral games a little more exciting to watch.
However, they’re never going to be a reliable source of long-term income. Ever.
With matched betting, almost every horse race I bet on makes me a profit, even when they don’t win.
Now THAT’S what I like to call a cert.
If you’re already signed up to quite a few bookmakers, it will only limit the amount you can earn from the sign-ups.
If anything, having a previous betting history can help long-term, as you will look more like a typical ‘mug’ punter when you move onto the more exciting (and more profitable, long-term) reload offers.
You can still earn more than £800 from sign-ups, even if you’re already a member of many online bookmakers.
Trust us: you are not signed up to all of the bookies already – some people think they are.
Like I said a little earlier on, I was signed up to seventeen before I got into this process – I thought that was all of them!
Now, I’m signed up to somewhere in the region of 60-70, most of which I’d never even heard of until I started this.
Time & Effort Commitments
How much time do you have to put into doing this?
It doesn’t have to be a lot.
If you do it for half an hour a day, you could earn £200-500 profit in a month.
An hour every few days, and you’re looking at a nice monthly bonus still.
An hour a day or more, and you start to get into the really serious money:
£1,000 – £2,000, or even more on a good month, is certainly achievable when you’re putting in at least an hour a day.
Some can use it to earn a full-time living, especially due to the fact that it’s tax-free.
One of the most important pieces of advice is not to spend your only free time trekking the internet for offers; ProfitAccumulator list them all in one place for you, so make sure you sign up to them here. The trial is free forever.
All you have to do is log in, look at the day’s offers and place the bets that they tell you to.
Like with most things, the more you put in, the more you’re probably going to get out.
Conclusion: How Much You Can Make from Matched Betting
How much money you can put in at the start helps, but it really isn’t the defining factor.
Within just a couple of months, you can pull yourself up to similar betting bankrolls as most other matched bettors – most will be operating with a four-figure bankroll at a minimum.
If you’ve already signed up to a load of bookmakers, this doesn’t matter at all!
This only hinders how much you can make from sign-up offers, but it’s reload offers where the real, long-term match betting profits lie.
How much time and effort you’re willing to put in is quite a big factor when it comes to separating the small earners to the huge earners.
However, what we do is also insanely fun.
This is a factor that many don’t consider before starting – they simply think of some additional work load on top of their typical day job.
This is absolutely not the way to think about things; for us, winning money each day is not a chore in any way.
If you like to earn serious money whilst having fun (and who wouldn’t?) then it’s definitely for you.
Visit our blog to find out what is going on in the world of matched betting. Learn about new free bets, new betting strategies, and much more!