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Free Bet Oddsmatcher
How To Use The Free Bet Oddsmatcher
1)
Choose an event from the Oddsmatcher that best fits your Free Bet. The odds for the Free Bet Oddsmatcher are higher since it means you make more profit. However, higher odds does also mean you will need more bankroll in your Smarkets account to cover the Lay Liability.
Choose an event carefully, factoring in the Date & Time, Lay Liability and also, of course how much Profit you will make. The Profit in the table is how much you would make from a £30 Free Bet.
2)
Click 'Select' next to your chosen event and a pop up should appear, which calculates what stake you need to lay on that event in order to guarantee the largest profit possible.
This pop up has 3 clear Steps for you to follow and it also allows you to adjust the details for the event such as the odds and free bet stake, and then you can log your bet on the pop up, so its saved in Your Profit Tracker.
3)
On the pop up, you can use the inputs on the right to make sure all of the details are correct. Usually you might have to adjust the odds slightly to make sure it does the calculations correctly since betting odds can change quickly. Also, the Free Bet Stake defaults to £30, so you will probably need to change this.
4)
Step 1 on the Pop Up is to Check the Odds and correct them if they are different. You can Select the Bookmaker that you have the Free Bet with in the bottom right, and then use the hyperlinks in Step 2 and 3 to go straight to the Bookmaker and Smarkets to check the odds for the event.
5)
Step 2 is to place the Free Bet. We can use the hyperlink in the Step 2 text to navigate to the bookmaker if you have selected one. Place the Free Bet at the exact back odds that are entered in the pop up.
6)
Step 3 is to place the Lay Bet on the Exchange, and we usually use Smarkets. You can Click the Lay Stake in order to Copy it to your Clipboard. Then, Click the Smarkets hyperlink to go to the event, then place the Lay Bet using the exact Lay Stake that you copied.
7)
Once both the Back Bet and the Lay Bet have been placed you should come back to the Oddsmatcher and Click the 'Log Bet' button in order to save it to Your Profit Tracker, this helps you stay organised when recording all of your Profits and where they come from.
When Would You Use The Free Bet Oddsmatcher
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The Free Bet Oddsmatcher should be used when you have a Free Bet or a similar offer from a bookmaker and you want to turn it into Guaranteed Profit, using matched betting.
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You will use the Qualifying Bet and Free Bet Oddsmatchers often as you work through all of the offers in the Sign-up Offer List, you can learn how to do Sign-up Offers in our Sign-up Offer Tutorial, but if you only want to learn how to use the Oddsmatchers, follow the instructions above.