Tutorial 4

A practical example of Double Betting's technique

After picking our match odds, we will insert them on our Matched Betting Calculator provided at DoubleBetting's website to find out the correct stake to wager at Betfair, in order to match our Bookmaker's bet. All the information you need to insert your values correctly are provided along with the Calculator.

The calculator's result for the amount to be wagered at Betfair is 30€.

As you can see on the calculator's image, the odds we have chosen devalue our profit by 1,5€, which means we will be taking 1,5€ from our 30€ bonus offer.

Our profit will be higher depending on how high is the closeness between the match odds we pick at the Bookmaker and at Betfair, as the devalue to take from the bonuses will be lower. One may occasionally find a match where the lay odd at Betfair is higher than the back odd at the Bookmaker. When that happens we call it a Greenbook, as the odds closeness is big enough to make the bonus profit  increases instead of decreasing.

We will now place our first bets. After accessing to our betting accounts at Betfair and at the Bookmaker, and selecting the sports event we want to bet on, we will firstly wager 30€ at the Bookmaker.

Let us now return to our Betfair account, and wager the amount we have previously calculated with our Matched Betting Calculator, laying the same outcome we have betted on at the Bookmaker.

In the previous image, the liability for our lay bet is 75€ is displayed above the “Place Bets” button. This amount corresponds to the minimum balance we have to hold at our account, in order to place our lay bet successfully.

After selecting the button "Place Bets", our betting process will be completed.

Once you have placed your lay bet, return to our Matched Betting Calculator and share your bets odds.

By saving your betting logs, you will be able to manage your DoubleBetting's earnings, and share your odds with other community members.