You've made your first matched bet and have unlocked your £30 in free bets with William Hill.
Time to cash out your profits!
Let's Get Started
William Hill will credit your £30 free bet when your qualifying matched bet in the previous video has settled (i.e. when the event you placed your matched bet on has happened).
Your £30 free bet will be credited to you as 2x £15 free bets (2 x £15 = £30).
If they don't, load up live chat and ask for it.
*** Your free bets are valid for 30 days ***
STEP 1: Open up the oddsmatching software
STEP 2: Select William Hill from the bookmaker drop down menu
STEP 3: Click “Search”
STEP 4: Open the “Filter” box
STEP 5: Select "Football" under Limit Sports
STEP 6: Select "Match Odds" under Limit Markets
STEP 7: Select "Betfair" under Limit Exchanges
STEP 8: Enter minimum odds of 4.0 under "Odds"
For free bets it's a good idea to use higher odds in order to maximise profit.
We would advise you to look for something with odds ≥ 4.
STEP 9: Click “Apply”
STEP 10: Choose an event you want to match
STEP 11: Double check the odds are the same on the bookmaker & exchange websites
Click on the blue "i" for info symbol in your oddsmatcher to work out your bets with the calculator.
If you prefer, you can use our simple calculator instead.
STEP 12: Open up the calculator
STEP 13: Select "Free Bet (SNR)" at the top
STEP 14: The William Hill bookmaker stake is £30
STEP 15: Enter the William Hill back odds
STEP 16: Enter the Betfair Exchange lay odds
STEP 17: The Betfair lay commission is 5.00%
The calculator will show you your lay stake and your liability.
The "liability" is the amount you need to temporarily deposit into the Betfair Exchange.
The lay amount is what you'll type into the stake box in the Betfair Exchange.
STEP 18: Temporarily deposit the required liability amount
Make sure you have enough money in the Betfair Exchange to cover the liability of this bet.
If you don't, either deposit more or look for something at lower odds.
Remember, you get this back anyway, so don't worry.
STEP 19: Place your 2 lots of £15 William Hill free bets on the same event
STEP 20: Place your Betfair Exchange lay bet
Once these bets have all settled, you'll be able to cash out your profits.
Wow! You've done it. You've used the Matched Betting method to make money!
As you progress you'll continue to make lots of profits and learn new techniques to make even more cash.
Now mark this video as completed and move onto the next video where Chris has a special gift waiting for you.
Here's another example with actual figures.
STEP 1: We have already unlocked £30 in free bets in our William Hill account
STEP 2: We open up the oddsmatching software, filter by sport, markets, minimum odds of 4.0 and find this bet
STEP 3: We then check this information in the calculator is correct
This tells us that we will need £80.71 (liability) in Betfair Exchange to cover this bet.
If we couldn't afford this, we would look for something with lower odds.
We'll assume we can afford it.
STEP 4: We find the correct game (Newcastle vs Liverpool) on William Hill and on Betfair
We check that the odds on both websites are the same as the odds listed in the oddsmatcher.
If they are not, then we must go back to step 3 to recalculate the bet with the correct odds (i.e. the odds listed on William Hill's and Betfair's websites).
If they are, then...
STEP 5: We deposit the £80.71 liability into Betfair
We are getting all our deposits with Betfair back anyway so it doesn't matter.
We can now submit all 2 of our William Hill £15 free bets (making sure we select the free bet from the drop down menu on the bet slip).
Remember, both bets should be placed on the same team / outcome (one back, one lay).
So in this example it would be backing and laying Newcastle to win in the 19:45 Newcastle vs Liverpool game on Saturday 4th May 2019.
STEP 6: We place all 2 of our William Hill £15 free bets
STEP 7: We place our Betfair lay bet of £22.42 (as per calculator's instructions)
The free bet makes a guaranteed profit of £21.29.
We lost £0.59 from the qualifying matched bet example in the previous video, so our total profit is £22.42 - £0.59 = £21.83.
There you have it, risk-free profits and no slice for mr taxman!
Let's make money!
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