Matched Betting Australia Beginners Guide€¦ · 4) Exchanges & Bookmakers (Back V Lay) 5) Finding the best odds 6) Promotions we use for proﬁt 7) The 8 steps - Your ﬁrst $330

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Matched Betting Australia Beginners Guide

Everything you need, step by step layman guide, make your first $330 profit in 30 minutes.

by Dave Geoghegan


1) What you need to start - 7 Things2) Quick fire questions3) Terminology explained4) Exchanges & Bookmakers (Back V Lay)5) Finding the best odds6) Promotions we use for profit7) The 8 steps - Your first $330 in 30 minutes8) Whats next after the 8 steps sign up bonus9) How to sustain profit after the sign ups10) Avoid NSW/WA/SA/VIC state restrictions11) What is a promotion ban and how we avoid them12) Money Management


Foreword

Over the past 18 months I have helped over 1000+ people to their first profit with no prior knowledge of matched betting through one on one exchanges through my website and email address [email protected] If you need me I’m here. These email exchanges have given we a wealth of information of what complete beginners need to know. My goal was to gather as much information as possible so I could create a definitive how to guide made for complete beginners. with all the answers to the questions I had when I first discovered matched betting. Along with a hold my hand along the way guide that I would have killed for when I first discover matched betting. It will literally take you from zero knowledge to making $2500+ risk free from sign up bonus bets alone. That is guaranteed.

In the beginning it was difficult getting started as everybody with guides and information were made for seasoned bettors, I did not know anything about online gambling because to be honest I can not stand not being in control of what happens with my money.

This is not a guide for professional gambling, in fact there is zero gambling involved. After researching all the forums and major news publications with articles relating to this made me dig deeper until I found a tutorial that helped me through my first matched bet. I turned a free $30 bonus that the bookmaker gave me into $20 cash back into my bank. I was hooked.

Obviously the first thing I done was find all the potential pitfalls with this method, its too easy right!? So although there is no risk there is potential for human error and later on some bookmakers have difficult terms to complete before they let you withdraw your money. I gathered all this knowledge surrounding the community and jumped into completing all the easy bonus bets in Australia, with at least 4 companies offering $500+ matched deposit bonus I could quickly turn these into $330+ profit. (Explained the 8 Step Strategy)

mailto:[email protected]


My next natural step was to tell all of my friends and family any try to help them make a bit of easy cash to relieve some financial pressures. In my “real life” before this I have been traveling and working through my laptop creating new websites and working online so this was my speciality.

I decided to combine the 2, this is not like an online business where if I give away the secret sauce the market is saturated, there is literally enough to go around for everybody. So I decided to make the tutorial that I made for friends a little more sexy and built a website around it with the goal of helping as many people as possible.

I have spent 18 months providing help for hundreds of people to get involved and make their first profits and beyond. What did I get out of it, well 2 things. Firstly overwhelming love and gratitude from the people I helped, and secondly a wealth of information about what questions people want to know the answer to and how to get people with zero experience with odds or bookmakers making risk free profits within a few hours.

This book is 18 months worth of the most important and distilled information that you need to get you from zero to $2500+ as smoothly and rapidly as possible.

See you on the other side ……slightly richer ;-)

Dave Geoghegans

CHAPTER ONE

What you need to start - 7 Things


What to expect?With the initial sign up bonus bets from all the mainstream bookmakers in

Australia between $2000-3000. After these are used up we can continue to make from $600-$2000 per month using the methods in the chapter (Life after the bonus bets).

The first 2-3k you make from the sign up bonuses will be the easiest as they are all from simple sign up bets, after this you can continue matched betting for years to come making $10k+ a year easily. Basically we continue turning bonus bets from weekly promos into cash using the method outlined in chapter (The 8 step process)

When you start I always recommend starting slow, although it is completely risk free I implore you to have a complete understanding of everything and when you do make your first matched bet only start with the amount you are comfortable with. You can start with a back bet of as little as $25. Remember however you will want to get the maximum out of each bookie obviously so after your first profit I would recommend moving this up to closer to the maximum bonus amount offered.

Before we begin - 7 Things1) You must be 18 years old to open and verify and account the the

bookmakers.

2) You should have a decent internet connection. Nothing exceptional obviously, it is Australian wifi after all! It just needs to be reliable.

3) You will need to put some time aside to do the work involved, I think about 5-7 hours a week is plenty. If later you decide to manage multiple accounts for friends and family obviously you need more time, but the rewards are much greater.

4) The bookies need to verify your identity when setting up an account. You need proof of address and ID. Usually you can upload a bank statement or utility bill photo taken with your phone. And a picture of your passport or drivers licence is fine.

NB*If sending an image of a bank card to verify it make sure to cover the ccv number and the middle 8 digits for security.

5) I would suggest you create a new email address for this, you will then be able to log in each morning and see all the offers the bookies are sending you all in one place. You can maintain focus this was and not get distracted by the rest of your inbox.


6) I keep a notebook to keep track of everything from profits, outstanding bets, bonus bet expiry dates etc. I think this is a very good habit to take onboard early. I also use this to keep track of all my usernames/passwords for the various bookmakers.

7) About $70-$100 (You do not risk or lose this don’t worry) This is to cover the minimum bonus available which in most cases is about $25 and then about $60 liability to balance out all outcomes of the bet (Explained later) It is better if you start with more as with the minimum you will have to wait a few days between each matched bet until the original money you deposited comes back into your account. Banks usually take 2-3 days but can be up to 5. Also if you start with more you can get a greater bonus off the bookmaker.

Eg. Deposit $25 get a $25 bonus bet or deposit $100 get a $100 bonus bet.

CHAPTER TWO

Quick Fire Questions - Let's clear some things up! copy-1

Over 12 months of providing one on one assistance through my website and email I have collected the questions that most beginners have and try early on to clear up some confusion you may have. However if after reading through the book you still are not sure about something just ask me at [email protected]

How is it risk free?The main reason regular gambling customers are worried about attempting to

get a bonus bet from bookmakers is because to get it we would have to place a bet with our own money first to unlock the bonus, under normal circumstances that is obviously a bad thing as it would involve gambling, which is a big no-no.

In the most basic terms what we do to bypass this issue is place a bet on a selection with a bookmaker and then a lay bet against that the same selection on Betfair. The two bets then cancel each other out, creating a risk-free situation. After we do this they award us with the bonus. Then using a simple strategy we turn this bonus into cash (Also risk free and all fully explained later)

No Risk Matched betting (also known as back or lay bet matching, or double betting) is a betting technique used by individuals to profit from



the freebets and incentives offered by bookmakers. It is generally considered risk-free as it is based on the application of a mathematical equation rather than chance. – Wikipedia

Do I need to know how to gamble?Absolutely not, if you have internet access, this guide and live in Australia so

you can sign up to the bookmaker then you are good to go. There is zero gambling involved.

Why does everybody not do this?Like anything you can lead a horse to water but you can’t make it sign up

with the bookmakers. It is not a global thing as it is mainly Australia and the UK that award bonus bets worth our time. Then it is a golden opportunity to make great money as a hobby with about 5-7 hours per week, or take it more serious and make much more.

My state is not allowed receive sign up bonuses, can I still do it?My most received question by far. Don’t worry I am from WA and still

cleared $15k this past 12 months with 1 account. So I have dedicated a chapter to how to get these bonuses. I have included email and chat templates so you know exactly how to get them to give up the goodies.

Is it legal?Yes, it has been written about many times in mainstream media over the

years and although the bookmakers are aware of it the realise there is nothing wrong as it is your free bet and you can do what you like with it. However if they think you are just taking advantage of them for their bonus offers they do simply not like it and will cancel your account because you are not a valued customer. This is avoided with mug bets and other techniques explained in the later chapters.

‘Graham Sharpe, from William Hill, says the industry does not have a problem with matched betting. “There’s no illegal element,” he says. “It’s a free bet and you can do what you like‘ – Telegraph

Will it last forever?It is showing no signs of slowing up as there is so much competition from

each bookmaker to attract new customers with enticing bonus bets. However there is no straight forward answer to this question. I recommend getting started as soon as you have an full understanding of how it works.

Do I need a lot of money to start?You can start with as little as $70-$100 and build a bankroll from there ($25

back bet + $75 Liability for lay bet) to balance the back bet; explained later).


Remember you are not risking your initial $100, you get it all back plus the profit from the bonus once the bet is finished as we use it to cover both outcomes. This is explained in the 8 steps chapter. No matter what happens we get about $98.5 of our original $100 back and a free $25 bonus bet which we turn into $18 cash profit (70% of bonus value - also explained in the 8 steps).

Of course you can do this with higher amounts once you do some of your first matched bets and earn a bit more of a bank roll. An example of where the later money is made is by unlocking a $500 bonus bets and turning them into $330 profit.

The more you have to start with the quicker you will be able to get larger sums of money by playing the big bonus bets, but you can start very small. Check the money management chapter for advice on how to build your profit.

Whats the catch?Simply there is none, but it is not easy and you need to pay attention and

make sure you understand how it works and are confident before diving in. Bookmakers compete with each other by enticing new punters with free cash value bonus bets. We use the technique in the 8 steps to play two bookies against each other and extract the cash from these.

What is the risk?The only risk is human error. So always double check all your bets on the

calculator provided before placing them and make sure the numbers add up. If you are unsure don’t place the bet until it makes sense to you.

Should I have a seporate bank account for matched betting?If it is easy for you to do I would advise so, this way you can keep track of

your earnings but it is not necessary.

What is the best deposit method for the bookmakers?I recommend debit card or POLI as they are both instant. If you deposit with

a credit card at a bookmaker then it will go down as a cash advance on your statement and that could affect credit history so I advise against using a credit card to deposit for this reason.

Can I do this outside Australia?You must be a current resident in Australia and be able to prove that to verify

your accounts. You can also do this if you have been a resident in the UK, the bonus offers are not as good though. Once you accounts are set up, verified and ready to go then it is smooth sailing.

Why can’t I just make multiple accounts?Firstly this is not allowed by the terms of the bookmakers so they will ban

both accounts, secondly they have very advanced software to detect this so I


strongly recommend against it or you risk a complete ban or frozen account. A great alternative is managing accounts for friends which I talk about later in this book.

How do I find close back/lay odds to keep the qualifier loss to a minimum and maximise profit from the bonus?

The best thing to do in these situations is to use a similar bookmaker on the oddsmatcher to find odds of a game that is close and then manually check with the bookmaker who is offering the bonus to see if the odds are a close match, its not ideal but for now it saves a lot of time. I usually go to the soccer EPL market as there is usually a game or two each week with some close odds for the back and lay for a 70% extraction.

This is explained further in the 8 steps chapter.

How long does it take?The first time it can take about 30-60 minutes as you will be double/triple

checking everything, once you get the hang of it and your confidence up you can turn over bonus bets in less than 10 minutes. It becomes a lot quicker as you know what you are doing. I often place 10+ bets in one hour now, in the beginning it too me about and hour as I went very slowly making sure I understood everything.

What happens after I use up all the free bets, is it sustainable?After the bonus bets you will ofter receive “top ups” and “reload offers” these

are essential the same as bonus bets. Eg deposit $$$ and receive $$$ Bonus bet. On top of these every bookmaker runs daily promotions on various sports, such as if your team lead at half time and lose you get a $50 bonus bet. These daily promotions are where the sustainable profit is made. Examples of these offers are in the life after bonus bets chapter.

I have a question or concern?If you have a specific question just ask me at [email protected]

and I will point you in the right direction.

CHAPTER THREE

Terminology explaned

It is easy to get quickly overwhelmed when you don’t know the difference between a back bet of lay bet and the notion of liquidity gives you the urge to crawl up an a ball and hide from the world. Here are the terms and elements you need to be aware of before we jump in. If something us unclear it is likely covered in more depth in the later chapters. If not then email me.



The Bookmaker (Bookie)I will be using this term to describe the bookie we sign up for the free bonus

bet. We will be using Sportsbet in the guide and this is where we will be placing our back bet.

The ExchangeThis is a betting exchange where you can bet against other people and play

the role of the bookmaker. We use this to cancel out our back bet to ensure we do not lose any of our initial deposit. We will be using Betfair in our example. There are many but this is the most user friendly to start and most popular.

Verification ProcessWhen you sign up for a bookmaker you must prove that you are a resident

from the state that you signed up from before they allow you to withdraw. It is important to do this when you sign up to each new bookmaker, it is usually very straight forward, send a photo of your passport, bank statement with your address or driver licence with proof and you are ready to go.

Back BetThe back or backing bet means that you are betting on the outcome of the

game. We place this with the online bookie who is offering us the bonus for signing up.

Lay BetPlacing a lay bet on the exchange (Betfair) is betting that an outcome will

NOT happen. By combining a Back bet with a Lay bet we cover all outcomes so we will not lose our initial deposit. This is important as it makes this whole process risk free for us.

Qualifier BetUsually with a sign up bonus bet from the bookies you are required to bet

through your initial deposit before you can withdraw. We call this the qualifier bet as it is used to qualify us for the free bonus bet. (We don’t lose this as you will see later when going through the steps.)

The main reason people are worried about using the bonus bets from bookmakers is that because to get it we have to place a bet with our own money first, under normal circumstances that is a bad thing. What we do to bypass this issue is as described above place a back bet on a selection with a bookmaker and lay against that the same selection on Betfair. The two bets then cancel each other, creating a risk-free situation.

Acceptable LossThis is what we call the small loss that we make when we complete our first

qualifier bet. Usually less than 10% of our deposit. So with a $20 bonus bet and


because of the small differences in odds to back/lay on different websites we would lose usually lose about $1-2. Then of course gain a $20 bonus bet. Which we then turn into cash using the 8 steps and make a very nice profit each time.

Mug BetThis is explained in detail later but basically it is a technique we use to

ensure the bookmakers keep allowing us to use all their glorious bonuses and promotions.

Turnover RequirementsEssentially this is the amount of money that you must bet with a bookie

before they let you withdraw any winnings from a bonus bet. Some offer 1x turnover, if you have $100 you want to withdraw then you just do one “Qualifier bet” to complete this turnover. So just place a $100 bet and then lay it with the exchange using the guide.

It is always best to jump on live chat and clarify what you will need to do to extract your winnings.

Most times you have to bet through the amount you deposited 1x and the bonus 1x. The best must be placed at minimum odds, usually 1.5 or 2. This is normal and is completed by simply doing a standard matched bet. (Qualifier & free bet in the calculator from the tutorial)

Some bookmakers have higher turnover requirements such as 2x, 3x and higher, these should only be completed after you complete the first few easier matched betting bonus bets, These higher turnover requirements work like this. In some cases you have to turnover the amount of cash that you won from your bonus + the amount you deposited.

In these scenarios if I deposit $100 to get a bonus bet. I must turnover the deposit 3x. This means I must have bet up to $300 with that bookmaker before I can extract the bonus winnings into my bank account.

If your free bonus bet loses with the bookie and wins with the exchange great. The money can then just be taken out of the exchange back into your bank. If it wins with the bookie and loses with the exchange then you must complete the turnover amount before extracting.

You simply do this by repeating step 1 and placing qualifier bets until you reach the amount required or until the exchange wins and the bookie bet loses. This involves making that small qualifying loss each time you have to do this so it can eat into your profit, not by too much though, you will still heavily profit


each time.

The main point to take from this is that after the easy offers are complete keep an eye out for high turnover amounts as you will need to make sure you have the money in your exchange to lay your bets to match the back bet with the bookie.

NB. T&Cs can change so always read the terms and conditions. Mainly looking out for the minimum odds and turnover requirements.

LiabilityThis is the money you need to have in your Betfair account to cover the lay

bet. The bigger the bonus you go for means you will need more money in Betfair to make sure the back and lay bets cancel each other out. The calculator provided in the 8 steps tells you the exact amounts needed.

If we use a free bet of $10 at odds of 5.00(4/1) we will win $40 so to lay this bet on the exchange to balance it out and guarantee we do not lose our money what ever the outcome and ensuring we can get our free bet we must put $40 in the Betfair account.

Eg. If the 5.00 back bet wins in the bookie we would win $40, to make sure we are not risking anything we need to lay the bet at 5.00 on the exchange and wager a lay stake of $10.00. So in this example we would need to put $40 into Betfair exchange to neutralise the bet.

So below is the result no matter what happens, usually to get our free bet we lose a few cents or dollars depending on how much we are placing. Don’t worry we make this back with a hefty profit.

Liability - Example

That is how we will be placing a bet to qualify for our bonus without losing our original deposit. Once this bet finishes our money will be either in the exchange (Betfair) or the online bookies(Sportsbet, Ladbrokes etc.). Then we withdraw our initial deposit and repeat the process to turn the bonus bet into cash with no gambling. It may sound complex. Its not but take your time and follow the steps exactly as they are laid out and you will realise how easy it is.

Liquidity


This is the term used to describe the amount of money that is available on the betting exchange on any individual game. On an exchange you are betting against other people around the world who are also using the exchange so this means that there must be enough money in the betting pool so that if you bet wins on the betting exchange there is cash there so you will get paid. Betfair are essentially the middle men making sure that there is enough money there so that you will get paid if you win.

All you need to know is that whatever your Lay bet amount on the calculator is, this number must be in the exchange so you can place your bet. In the below example I can lay any amount up until $164. This number changes.

CHAPTER FOUR

Exchanges & Bookmakers (Back V Lay)

The back V The Lay betThe bookmakers are your standard betting companies that you go on to place

a bet for a selection to win. This is called a back bet as you are backing a selection to win. If this selection wins then the bookmaker will pay you the amount you have won.

Betting exchanges are different as they also let you place bets against a certain outcome happening. This is of course the lay bet. There are very different. For example in a soccer match there are 3 outcomes

(Team A Win – Draw – Team B Win)

NB. You back with the bookmaker (eg. Ladbrokes, Sportsbet) and lay against the outcome with the exchange. (Betfair, Smarkets etc.)

This is important because to place our bets with no risk we obviously need to cover all outcomes. So we can back team A to win with the bookmaker and then on the exchange bet that this outcome will not happen. This covers the


possibility of both the draw and a team B win..

There a tons of betting exchanges out there but I use Betfair because it's the most mainstream and usually has the most liquidity. I would recommend starting out with these for simplicity sake if you are unfamiliar with the world of betting exchanges, it also has the most amount of liquidity. I will be using it in all examples where I mention the exchange.

We need the back and lay to have odds as close as possible, usually the odds on the bookmaker are slightly worse so you make a small qualifier loss each time. This is to be expected and we aim to keep this loss under 10% at all times (Qualifing loss) . Then when we extract the cash from the bonus we will have even more net profit. (explained later)

Exchange CommissionAs Betting Exchanges are different to bookmakers they do not participate in

the bet, you are simply betting against other people just like you from all over the world. They are the middlemen, for this they take a commission on every bet you win.

If you lose with the exchange and your bet wins with the bookmaker instead then there is no commission.*

The commission for Betfair is 5% and you can enter it into the calculator so you do not have to worry about it, just be aware of it if you manually try calculate why your exchange winnings numbers don’t exactly add up because have 5% less winnings then you expected.

How Betfair Works (The Exchange) ⁃ Frank is keen to place a bet on Fremantle to win a match, Timmy

believes they will lose the game.

⁃ They each log into their betfair accounts.

⁃ Frank wants to place a $10 bet and believes at odds of 3.0 (2/1) seem reasonable. He wants to win $20 for this bet if Fremantle win.

⁃ Timmy logs in and as he believes Fremantle will lose he agrees that these odds are accurate so he places a $10 lay bet at these odd.

⁃ If Fremantle win Frank will get his $20 and his original $10 stake back. Timmy will lose his liability amount of $20

⁃ If Fremantle do not win (lose or draw) Frank will lose his $10 and Timmy will win $10 and of course not lose any of the liability he risked.


⁃ Essentially in this example the person placing the lay bet and risking liability and acting as the bookmaker.

CHAPTER FIVE

Finding the best odds

The Perfect OddsTo maximise our earnings it is essential to find selections with close odds on

Betfair and the bookmaker. If the back odds at bookie are a lot lower than Betfair lay odds (This is usually the case) placing back and lay bets on the same selection results in the qualifying loss. When we enter the odds into the calculator we can see what our loss will be for our qualifier bet. Usually with close odds this should be below 10% of your initial deposit for the qualifier bet.

We can use the oddsmatcher in the guide or the oddsmonkey website to find odds for the lager bookies in Australia. Although finding similar odds with a smaller bookmaker and Betfair can sometimes take a while, but don’t be too discouraged by that. You don’t have to find absolutely identical odds since you are making a solid profit from a free bet or bonus anyway.

If the bookmaker is not featured on these then what I do to manually find a selection with 70%+ return is select the EPL soccer market. I do this for 3 reasons.

1) There is always a lot of liquidity2) There are 3 possible outcomes so more chance you will lose with the

bookmaker and avoid having to do a turnover.3) The market on the exchange is stable. The odds don’t generally fluctuate

too erratically so you have plenty of time to place your bet.

When you become experienced you can get 80%+ return on your bonus bets through the horse racing market. For the first few months I would avoid this however as the market is volatile and you need to place bets very quickly. That is not for beginners.

Turnover and Qualifier bet oddsThe vast majority of bookmakers require you to place your qualifier and

turnover bets with minimum odds as we discussed earlier. Usually at odds of 1.5


or higher, however always confirm this on live chat.

When placing qualifier and turnover bets, pick selections with small odds (1.5-1.6) to minimise losing some of your profit. However when it comes to the bonus bet Choose higher odds if possible (close odds 4.0+) for extracting free bets as a higher percentage of them can be extracted with high odds.

If it is your first few matched bets for simplicity you can usually get a soccer draw for about (3.5-3.6) and this will extract about 67% of your bonus into cash. This is useful if it is taking a very long time to find some close odds over 4.0.

Of course when you get better at this you will be looking to extract 75%+ most of the time. For now don’t worry about losing a few dollars as it defeats the purpose of making easy money if you spend 2 hours looking for odds that will give you an extra $3-4 profit.

That is my opinion of course, some may differ. I do however believe if it is a large bonus bet you are completing ($200+) then an hour or two of your time might be worth trying to find odds that will give you 5-10% more return.

Which bets to place first, bookie or exchangeThis is debated in the matched betting community, however one thing is for

sure you will want to place both of your bets within a few minutes of each other as odds can alway change and liquidity on the betting exchange to dissipate.

I suggest you place the first bet with a bookie. Odds move more gradually in Betfair so even if all the liquidity for your lay odds at 1.6 dries up, there will usually be new odds close to it with more liquidity (1.58 for example) With this you can then adjust the calculator accordingly to the new lay odds and place the new lay bet amount.

Another reason for this is if there is a technical issue with your computer, internet connection issue, power cut your risk is smaller if you have only placed the back bet as Betfair liability is almost always larger than your back stake. Unlikely to happen but worth noting.

CHAPTER SIX

Promotions we use for profit

Below are some of the most common bonus bets we encounter.


Initial sign up bonus 150% 100% 50% 25%This is the most common and what we will be using to make our first

$2000+. The majority will be offering a 100% initial deposit bonus bet. This means that if you deposit $100 they will award a $100 bonus bet.

Reload bonusThis is when the bookmaker sends you an email if you have not used your

account in a time. Sometimes they also send them before big sporting events. They are offers similar to the initial sign up, they will match whatever amount you deposit with a bonus bet. These are a real treat when you see them in your inbox in the morning.

If outcome X happens win a bonus.These are the daily promotions that bookmakers offer, some examples of

these are explained in “life after the bonus bets” chapter.

Cash back bonusEverything about these is the same that the promotional bonus but instead of

being awarded a $50 bonus if the promotion is triggered we simply get our $50 back. This is better because when we are awarded a bonus we only get 70% of its value after using the free bet method to extract it. When we get the $50 refunded this means we only lost the qualifier amount.

Eg.

Qualifier - (-$2)Refund - (+50)Profit - $48

SNR (Stake Not Returned) Most commonThis means that if the bookmaker gives you a $100 bonus and it wins you

will only receive the winnings from that bet. You will not receive the stake amount too as it is a bonus bet and not real cash.

SR (Stake returned) - Not very commonThese are great but unicorns, I think the only one I ever got was Unibet. If

you get a SR bonus of $100 and it wins you get the $100 bonus the bookmaker gave you to bet with back in cash. If you get one of these just tick the SR box on the calculator and you will see that the profit is much greater no matter the outcome.

TIP* - When you are on live chat make sure to screenshot the conversation so if anything happens you have proof that they said they would award the bonus.


CHAPTER SEVEN

The 8 steps - Your first $330 in 30 minutes

Click Below or Paste Into Browser To Get Started

http://matchedbettingoz.com/no-risk-matched-betting/

CHAPTER EIGHT

Whats next after the 8 steps sign up bonus

Once you complete the easiest offer which is the Sportsbet one in the previous chapter you can replicate the same steps. I have listed them in order of simplicity to complete regarding turnover requirements , minimum odds etc. As always it is your responsibility to double check all T&Cs for each bonus. as these have a tendency to change from time to time.

Sportsbet - $500Ladbrokes - $500Crownbet -$500Luxbet - $500Madbookie $250 (Email me to get this easily in restricted states)Williamhill - $700Palmerbet - $500Betting.club = $200Tab - $100Bluebet - $200Unibet - $120

$4070 x 75% = $3050

Or if you are too lazy to search for odds to turn the bonus into 75% cash like me.

http://matchedbettingoz.com/no-risk-matched-betting/


$4070 x 70% = $2850

CHAPTER NINE

How to sustain profit after the sign ups

A big question is how sustainable is matched betting after the sign up bonuses are complete. Well luckily the Australian bookmakers a very generous, unbeknown to them of course. Once you complete the list of bonus bets and turn them into over 70% profit you should be about $2000-3000 richer from this, firstly well done, It is reason enough to rejoice. However when the bonus bets dry up we slightly change our tactics. Here are the common ways we profit after the sign ups are complete.

I should emphasise that you do not need to know anything about the sports you are backing and laying, we are not being biased or gambling so it doesn’t matter. It is all just math completed by the calculator.

From this point you have 2 choices, take your $3000, enjoy it and move on richer that before, or get involved in some promotional bonus bets that you can make small qualifier losses and you may not unlock a bonus every time but over time you will profit greatly.

Accounts for friends and familyOkay this one is my favourite and the easiest so it goes first, bookmakers do

not want you running multiple accounts but with the right precautions it is possible to help a friend or two on their match betting journey and maybe split the profits 50/50. That essentially means that each friend you convince to let you manage their accounts you can make $1500 additional.

This is great when you get the hang of Matched betting and have the confidence and the money from the winnings on your own sign up bets can be used as liquidity. It is important to use all their details, address, bank account, email etc.


It is also important to place the bets at different times of the day if possible and not to make identical bets across all accunts as this looks bad. Another thing to be aware of is the IP address of the computer that you are using. This needs to be different also, the two ways of doing this are

1) Simply if it is possible use a different computer. There computer is the easiest way but not always possible.

2) Clearing cookies and search history and then restart the browser. You will also need a VPN which allows you to change your IP address to another based in a different location in Australia. I pay $60 per year for PureVPN. This is worth considering if you decide to manage multiple accounts. As you will only being doing this after making huge profits it wont be a problem paying $60 knowing with your friends account you will make $1500 each.

TIP* Female accounts are scrutinised much more. If you are doing them for a friend make sure that if they need to confirm she is using the account and not somebody on her behalf that she can talk to them if needs be.

Arbitrage betting There are lots of sites that will show you when a bookmaker is giving

exceptionally good odds for a back bet, then they will compare it to the odds and Betfair and tell you how much you will win if you back with the generous odds and then lay the bet off on Betfair at lower odds. This is more advanced and usually requires a lot of money to make a worth while profit.

It is not something I recommend doing in your first year of Matched Betting. As discussed earlier I would only ever do something like this after and if you are promo banned.

Playing the current bonus bets that bookmakers offer each week. By far this is the most popular way of continuing profits. What we do is

locate the good promos each week, most bookmakers offer $50 bonus bet refunds if certain thing happen in a game. Below are some recent examples.

Real Life Example 1; WilliamHill for the Australian Tennis open. (Chase The Ace)

Essentially they offered a bonus bet of anything between .55c and $10 for every ace that the player you back hits, under the condition that you bet a minimum of $25 on that player to win. So most punters would have to risk $25 to unlock this great bonus, we matched bettors know better so we back and then lay the favourite and with this of course we make a small qualifying loss of around 5% so $1.25 for each game.

Now you might notice that this is technically not risk free as you can lose


$1.25 if the player hits 0 aces in the game. This of course is unlikely to happen. Over the course of doing this with one account for the duration of the tournament. (50+ games) my outcome was

Amount in qualifier losses - $75Amount of bonus bets -$1400

So when I turn this into 70% profit for one account I make $905 for one weeks “work” about 1 hour or less a day backing and laying 15 matches. Similar offers to these will happen several times throughout the year with big tournaments. I will be sending out an email with instructions when these come around so if you have not already you should join the email list through the website www.MatchedBettingOz.com.

Real Life Example 2;Bet 365 AFL+NRL

“Bet up to $100 and get a free in-play bet up to that amount.”This one is amazingly simple, back and lay a team before the game to make a

qualifier loss of <%10 and then you get a $100 bonus to use in game. When the game starts simply repeat the process using the”free bet” on the calculator to extract the profit from it. My usual outcome

Qualifier loss = $5.5Bonus activated = $100 to be used in gameProfit = 70% of $100 - $5.5 = $64.5

During last season they did this with both NFL and NRL and about 2 games of each a week. That is 4x$65 ($260) each week from one bookmaker.

Real Life Example 3;This is most common across all team sports. These are on every week on

most bookmakers for whatever sport is in season, NRL,AFL,NFL,EPL etc.

If your selection leads at X time and lose the game, receive up to $50 cash back

Or Score 1st and lose (and variations of this)

The way we play this is only bet on games that give us a small qualifier loss, again under 10% will still give you very good value in the long run. If you can choose fairly even teams with close odds this increases the probability of the bonus hitting your account. I will use the common AFL bonus as an example.

Sportsbet, Crownbet and Luxbet often run a lead at the end of the 1st quarter


and if you lose you will receive a $50 bonus bet. This obviously does not happen every game so you could lose $3-4 one day and gain a $50 bonus the next. This bonus is activated a lot and their is great money to be made long term. Just use some of your $3000 winnings for the sign up bets to place them and remember even if the first few don’t activate you only need 1 in 10. I have made thousands of dollars in profit with these types of promotions over time.

CHAPTER TEN

Avoid NSW/WA/SA/VIC state restrictions

Now to tackle the most common question. Australia is simply the best and most generous for giving out huge first time deposit bonus bets. The one caveat is that Australia of course do not like people having too much fun, or making a grown up decision for themselves. I am sure you noticed that most states are excluded from receiving sign up offers due to legislation.

The logic is that the bookmakers are not allowed to offer incentives to entice people from these states. Crazy but true. Do not fret however, I am from WA and can tell you that in the past 12 months I have make over $15k matched betting.

After trying many different methods these are the ones that were most successful. You will be awarded a bonus, sometimes you just need a little patience.

So how do we get around these restrictions?

It varies from bookmaker to bookmaker however there are some tried an tested methods that can work across the board to speed up the process. Before you request a bonus you must first set up your account with the bookmaker but DO NOT deposit. The reason for this is so when you ask them for the bonus they are not enticing you as you are all ready a member.

1) Live chat - tell them how and what to say

I would not recommend using this verbatim, add your own flavour because if the same person sees the same copied and pasted request for a bonus they will flag it obviously.


Most bookmakers worth their salt have a live chat feature, once you sign up jump on and as a rule of thumb in both life and this be polite at all times even if this guy says no obviously, it pays off :-)

So I begin on live chat using something like below. This usually has about a 50% success rate. It always comes down to the person you are speaking with. If unsuccessful the first time wait until tomorrow and get another agent and try again.

"I am currently a member of your site and I am keen to place a large wager on the "INSERT EVENT" this weekend. As I was not eligible for the deposit bonus as I am from NSW is there anything you can offer this time around"

It is worth signing up and letting your accounts sit there until they email you. They can sometimes they go through phases for a few weeks of being strict and then it dies down and they reward the bonus again, no logic!

2)Email - If the above is unsuccessful then the next step is to find the email for their

marketing department or general support can suffice. Then ask them something similar to the following.

“Hi,

I am a member and looking to deposit, I see that I was not eligible for the $200 sign up bonus as I am from WA. I am just checking to see if there is any other loyalty bonus etc. that might be available at the moment?

Cheers,

Dave”

3)Phone call to marketingLastly if they are still playing hard ball then you need to give them a call and

ask them.

Usually it is best to just use the same as the live chat and ask for a bonus as you were not eligible for the sign up one but want to place a big bet on the weekend. If they ask how much say probably about $500 depending on the


odds close to the game. This just means that you can then deposit any amount that suits you up to $500.

So if they will still not play ball what I do is wait 1 week move on the next bookmakers and play the waiting game. Much like a jealous lover they will be begging for you back, sending offers through email to get you to make your first deposit. After 1-2 weeks you can jump on live chat and they will give you the goods.

I f you have any trouble with this process let me know at [email protected]

4)Make sure you are open to receive promosSomething to note is that you should always check your account settings with

each bookmaker to make sure you have the box ticked to allow them to email you promotions, news, offers etc.

CHAPTER ELEVEN

What is a promotion ban and how we avoid them

4 Methods to Avoid Promo BansA promo ban is when the bookmaker realises you are not a regular punter

and are just exploiting their bonus offers. We need to change that perception and here is how.

Avoiding Promo Bans | Tip #1 | What is a Mug BetAfter you hammer out all the bonus free bets and move onto the weekly

promos and reloads you must start placing “mug bets” every now and then to look like a good value customer and not somebody exploiting promotions. Otherwise you will be banned promo banned pretty quickly.

An important thing to consider to sustain profits over a long period of time is that most bookmakers (Almost all) will stop providing you with reload bonus bets and also stop you from taking part in any cash back promotions etc.

Okay so the way around this is to nurture your accounts with all the bookmakers that you can regularly use their bonus bets and keep profiting for a long time, one way we do this is with “mug bets”.

A mug bet is essentially just placing a back bet on a non-promotional market and then laying it off on the exchange in the exact same way you would do your “qualifier bet”. This makes it look to the bookmaker that you are just another


regular punter and you are another valuable customer to them.

You will make a small loss on each of these mug bets (same as the qualifier bet) so it is important to find close odds to minimise this loss to <$1. Of course this $1 that you are spending on the occasional mug bet can just come from the massive profits you have already made with the original bonus bets.

So if you intend to profit for a long time matched betting I highly recommend making yourself look like a regular punter and place some mug bets every now and then. Personally I do one mug bet for every 2-3 promotional markets I bet on. Perhaps I should do more but all my accounts are still good after 18 months.

Avoiding Promo Bans | Tip #2 | Web trackingIt is known that certain bookmakers use tracking cookies to follow you on the

web, an unfortunate state of affairs yes, but it’s common practice to use tracking cookies online. Airlines are notorious for doing it so this fix will also get you cheaper flights :-)

The best and easiest way to counter this is by using a free Chrome plugin called Ghostery. This essentially sits beside beside the search bar, when you land on a website you can click the cute little blue ghost and it will tell you what plugins, cookies and trackers are running in the background. The vast majority are harmless like Google Analytics.

The main one we need to look out for is IESNARE, bookmakers in the UK are known to use this to track users across the web. I can’t confirm if the Australian bookmakers use IESNARE or something similar but it is definitely something work looking out for.

Avoiding Promo Bans | Tip #3 | Don’t arbitrage bet until your accounts are banned from promotional markets. (explained in Chapter 2)

It can be tempting to take advantage of the better odds bookmakers give sometimes and then lay it directly on Betfair to make a small profit. However the bookmakers are aware that the odds they have on the market are very good. If they detect you betting specifically on these games all the time you will be promo banned and not seen as a valuable customer to them.

Avoiding Promo Bans | Tip #4 | Don’t bet on every promotional market. Vary them from week to week if

possible and add in some mug bets sporadically. This will make you appear as a valuable regular punter.


CHAPTER TWELVE

Money management

After you turn over your first few bets and begin building your profit it becomes easier to bankroll more promotions each week. When I begun I would do 1 bet every few days for two reasons, it was stressful and I did not have enough money to cover the liquidity. Now some days I literally place 10+ bets a day within 1 hour with ease. Sometimes more, and so will you in time.

I wanted to give a little bit of advice about how to get there without all the bumps. Here are a few things to be aware of.

Deposit methodsAll bookmakers offer a large variety of deposit methods Credit card/Debit

card/Bank Transfer/Paypal/Skrill (similar to Paypal)

Personally I use POLI as much as possible as it is secure, instant in most cases and widely accepted in Australia. Debit card is my second option. However some banks do not allow you to deposit on top gambling sites with a card. Citibank is one example so in this case I recommend you use POLI to deposit.

It is also worth checking the T&Cs of the bonus offer before depositing with some bookmakers as they only grant the bonus if you deposit with certain methods. In some cases Paypal is excluded from getting the bonus, and in some cases POLI too. So make sure to get on live chat and double check with the agent.

Dealing with liquidityThe hardest thing starting out for some is gaining momnetum and traction

with winnings, this is because for every bonus bet you place you need money to cover the liability in betfair. This involves a lot of extracting money from the bookmakers and putting it into betfair until you build up enough in your kitty to keep in betfair all the time to cover you liability. This can take a little time as some banks still take 3-5 days to process payments.

TransferringIf my back bet wins with the bookmakers I withdraw straight away and put it

back in my bank then back into Betfair to cover my next back bet and to extract my next bonus. In the beginning I took all the money out for 2 reasons.

1- So I can put it all into Betfair to maximise the next bonus bet2- If your account sits empty the bookmakers are more likely to send you


reload bonus bets. Luxbet are particularly great for this. I often get emailed offers for $100, $200 matched bonus bets.

Turnover bonus bet and having liquidityYou know by now that it is essential that you have enough money in Betfair

for the liability. Let us take a common example of a standard $50 bonus. To extract a 70% or more weed need to bet our bonus on odds of close to 4.0.

This is why I recommend taking any winnings you might gather in the bookmakers out right away and back into your bank account. This way whenever you need to you can simply make a POLI or card deposit into Betfair and you will have your liability for the next free bet.

As I am sure you know by now matched betting is a risk free strategy using simple math to leverage the free bonus bets that bookmakers provide. This book is obviously just advice and to explain how it all works. If you somehow mess it up you must accept full responsibilty. This is why I emphasise the mort important thing is to take your time and double check everything, also to make sure that you understand what is happening and not just follow the calculator, guide, oddsmatcher etc. blindly.

And remember as always if you need anything cleared up or any help you can get me at [email protected]

And most important of all, spend your new found money on something fun ;-)



Documents

Matched Betting Australia Beginners Guide€¦ · 4) Exchanges & Bookmakers (Back V Lay) 5) Finding the best odds 6) Promotions we use for proﬁt 7) The 8 steps - Your ﬁrst $330