Qualifying Bet
In this example the offer is: place £25 bet to qualify for a £25 free bet. 1. Go to the bookmakers site, register and deposit your £25. Use Football for the bets. Find a close back and lay bet at both the bookies and betfair of odds over 2.0. Try a site like www.mbassistant.com to help you. Go to the 'Odds Search' and type in the bookmaker and it will automatically find the closest odds between the bookie and Betfair. Choose the most suitable match (closest to 100%) and it will give you the gmae details. You can always simply find your own close matches by looking yourself:
At the bookmakers, we find odds of 2.0 for Wolfsburg beating Portsmouth.
So at Betfair we are able to lay wolfsburg to win at 2.08. Also you need to check how much money is available in the 2.08 'lay' market, this is seen below the 2.08, we can see that £51 is available. (We will only consider laying a market if there is enough money available for our lay to be safely matched.) Now we input the data into our Matcher software, press Calculate we get this result:
Stake = our £25 stake at the bookies Stake forfeit = 0 (Your own money is always SR)
Back odds = 2 (Bookie odds ) Back Comm = 0 (No commission at bookies)
Lay Odds = 2.08 (BF) Lay Comm = 5% at BF Lay
Stake = 24.63 (lay at BF) Lay Risk = The money you need in BF account
You will see above that the odds on Wolfsburg are close between The Bookies and Betfair. A closeness of 93.6% We can see In the Back Returns and Lay Returns boxe, that we will get back £23.40 , whichever the result of the game.
Therefore with an original bet of£25 - $23.40 = a £1.60 loss for competing the qualifier.
So, if we decide that this is acceptable then we double check we have the numbers correct, check the game and the odds on both Bookmaker and at Betfair.
Then we will go ahead and place the bet with the bookmakers- always check it has been accepted. Next, place the bet at Betfair- check it has been matched.
We have now qualified for our first free £25 bet !
Back odds = 2 (Bookie odds ) Back Comm = 0 (No commission at bookies)
Lay Odds = 2.08 (BF) Lay Comm = 5% at BF Lay
Stake = 24.63 (lay at BF) Lay Risk = The money you need in BF account
You will see above that the odds on Wolfsburg are close between The Bookies and Betfair. A closeness of 93.6% We can see In the Back Returns and Lay Returns boxe, that we will get back £23.40 , whichever the result of the game.
Therefore with an original bet of£25 - $23.40 = a £1.60 loss for competing the qualifier.
So, if we decide that this is acceptable then we double check we have the numbers correct, check the game and the odds on both Bookmaker and at Betfair.
Then we will go ahead and place the bet with the bookmakers- always check it has been accepted. Next, place the bet at Betfair- check it has been matched.
We have now qualified for our first free £25 bet !
