BWIN

IMPORTANT: Please read the Introduction to Matched Betting before attempting this offer. Do not attempt this offer unless you have at least 2000 kr in the bank. Remember, as long as you follow the instructions carefully, this is risk-free.

STEP 1: CREATE A BETFAIR ACCOUNT

The first thing you need to do is sign up for a betting exchange (do not deposit any money yet). Currently Betfair are the only licensed betting exchange in Sweden. We always use the bookmaker to place our BACK bet and Betfair to place the lay bet. These 2 bets will cancel each other out (with a small qualifying loss) allowing us to keep the bonus money as profit. When signing up, enter FE0213 in the Kampanjkod field as you will then receive an extra 450 kr bonus from Betfair. This is paid out as a refund if your first bet loses with Betfair.

CLICK HERE TO SIGN UP WITH BETFAIR

STEP 2: CREATE A BWIN ACCOUNT

Now you need to create an account with the bookmaker. For this first offer we are using BWIN. Make sure you sign up using the link below to ensure you receive the bonus. Deposit 250kr and you should receive the bonus money immediately and your balance should be 500 kr. Now the adventure begins!

CLICK HERE TO SIGN UP WITH BWIN

STEP 3: FINDING A MATCH

After the slightly laborious sign-up processes, this is where it starts to become fun! Open the oddsmatcher. This oddsmatcher will do most of the work for you and it's what makes Matched Betting quick and profitable. We need to find a selection where you can place a BACK bet with Bwin and a corresponding LAY bet with Betfair on the same event with odds as close as possible.

In the All Bookmakers menu, select Bwin. Click on Filters. Under Min. Odds enter 1.7, Tick Limit Sports and select Football, Tick Limit Market Type and Select Match Odds (1X2) and under Limit Exchange, select Betfair. Your filter should look like this:

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The events are presented in order of how close the BACK odds and LAY odds are. Therefore, the line at the top is the most profitable Matched Bet for you. A rating of 98% means that you'll keep 98kr of every 100kr matched bet that you place. This will usually mean a small qualifying loss but will be more than covered by the bonus money. This is why the 250kr bonus will result in a profit of 175 to 225 kr. This is an example of the matches available today:

Bwin_matches

For this example, I'm going to use the Sheffield United v Arsenal game. We generally recommend matches above 95% where possible but it won't make much difference to your profit if you go slightly lower. It's also a good idea to go for big games when you can and I prefer to go for games that kick off in the next couple of days so that I don't have to wait as long to finish the offer/

STEP 4: CALCULATING THE LAY STAKE

We already know that the BACK stake with the bookmaker will be 500kr, but now that you`ve selected an event we need to work out what the LAY stake will be. Open the calculator. Select Bet type (Speltyp) "Normal". Enter SEK 500 as the "Back Stake" (Spelinsats), the Back odds (spelodds) from Bwin and the Lay odds (Boka-odds) from Betfair. Enter the Lay Commission (Boka-avgift) (The standard lay commission for Betfair is 5%). Click on calculate and the calculator will work out your Lay stake and liability for you.

Bwin Calculator

This shows us that the lay stake will be 494.82 kr. The amount we need in Betfair to cover this LAY bet is 484.92 kr. The concept of liability (exponeringen) can be tricky to understand at first. For now, the important point is that the LAY stake is how much you will place for the LAY bet and the liability is how much you need to have in Betfair to cover it. The best way to understand it is to think of a LAY bet as the opposite of a BACK bet. With a back bet of odds of 3.0 you could potentially win 300 kr if you put a stake of 100 kr. Therefore if you place a corresponding lay bet you could potentially lose 300 kr which is why the betting exchange keeps this money reserved as "liability".

If a LAY bet wins, you win the amount staked. If a LAY bet loses, you lose the liability amount.

There`s more information here. Although you can just rely on the figures that the calculator gives you, it`s worth taking the time to learn this as once you`ve understood this concept, Matched Betting is really very simple.

From the calculator I can also see that whatever the result in the game I will make a qualifying loss of 29.92 kr. This is fine as I have already received the bonus of 250 kr.

As the liability is the amount I need in Betfair to place the LAY bet I will now deposit at least 1072.32 kr. (I recommend putting in a little extra as odds can change slightly).

STEP 5: PLACING THE BACK AND LAY BETS

Now, you need to navigate to the chosen match on both BWIN and BETFAIR. If you have trouble finding them, just find the game using the search function available on both sites. Once you`ve found the selected game, select the chosen result and it will bring up your betting slip. Place the 500kr bet with Bwin but don`t confirm it yet. Go to the Spelbörsen site on Betfair, you will notice that the bet has a Blue side and a pink side. With LAY bets, you will always place your bet on the right hand pink side. Now confirm the Bwin BACK bet followed by the Betfair LAY bet.

Now you just need to wait for the game to be played. If your Bwin BACK bet lost, well done! You`re original deposit plus your profit will now be in Betfair. You are free to withdraw this money, but we recommend you keep it there as you can use it to LAY your next offer. If your BWIN back won, then it`s still OK, you will just need to place one more bet before you can withdraw the money. You will also received a 450 kr refund from Betfair for your first losing bet which will almost triple your profits!

STEP 6: COMPLETING THE ROLLOVER

If your BWIN bet won, you will now have a balance of at least 800 kr in BWIN. As the required rollover is 3 x Bonus+Deposit and you have already place 1 x 500 kr, you just need to place another bet with your full balance 1000 kr bet and you are done with this offer.

Now follow the same process again but this time using your full Bwin balance as the BACK stake.

  1. Find a good match on the oddsmatcher
  2. Open the calculator. Select Bet type (Speltyp) "Normal". This time, enter your whole Bwin balance as the "Back Stake" (Spelinsats). Enter the Back odds from Bwin, the Lay odds from Betfair, the lay commission and calculate your Lay stake and liability.
  3. Find your selection on Bwin and Betfair and place your whole Bwin balance as the BACK bet and place the lay stake amount from the calculator on the right hand (pink) side on Betfair.
  4. Confirm both the bets.
Whatever the result now, you are done with this offer. Your total profit is your bonus money (250kr) minus the small losses from you qualifying bets. If your first Betfair lay bet lost, you will also get a 450 kr refund. Your total profit will be between 225 and 600kr.

Congratulations on your first Matched Betting profit! I recommend at this stage downloading and filling in this sheet to keep track of your profits. Although it's a relatively small amount of profit, hopefully you're starting to understand the concept. Most of the offers (over 20!) on the site are worth at least 500 kr and some are worth far more so it's definitely worth sticking with it. Complete another 2 or 3 offers and it will soon become second nature.

CLICK HERE TO SEE ALL THE BONUSES