Lovefootball
New member
I like to have a bet on the football, but recently someone mentioned matched betting. I've looked on the net, but am a bit dubious. Can anyone give me some more advice?
I like to have a bet on the football, but recently someone mentioned matched betting. I've looked on the net, but am a bit dubious. Can anyone give me some more advice?
That's Betfair isn't it?
I find prices a fraction better than betting shops.
Matched betting? Not heard of that
What he could mean is getting your bet matched which would have to be on one of the exchanges like betfair
If you mean matched betting, in tems of your bets are being matched by other people like yourself 'acting' as the bookmaker.
Betfiar or Betdaq are not bookmakers as such. They allow you to back 'bet for' or lay 'bet against' a certain outcome of an event.
For example if you see Hills are 4/1 a horse in a race you fancy, you can go on betfair and put in that you want to back that horse for £10 at a price of 11/2 or better. When you put your bet into the system it looks at all of the corresponding 'lay bets' put in by other punters like yourself, however they want to 'lay' the horse in question. If there have been been other punters who want to lay the horse at that price you have yourself a bet. If not you will have to wait until you bet is 'MATCHED' ie theres someone in the world willing to lay the bet you want to have.
19 times out of 20 you'll get a better price on betfair that in the bookies, however on that 20th time you could be in for a nice little 'arb' But we'll get into that in another betting thread.
Also be careful as Betfair usually take a small percentage of your winnings (2.5%) so if the price is a marginal one it sometimes pays to bet at the bookies.