The Best Lay Betting Strategy To Reduce Exchange Commission & Liability

minimize xxchange lay commission and liability
Estimated Reading Time: 13 minutes

We Show You Simple But Smart Lay Betting Strategy To Reduce Your Exchange Commission & Liability, Which Is A Powerful Way To Improve Your Profits & Bank Efficiency For Long Time!!

Lay Betting Strategy Introduction

Firstly, many people automatically think Betting = Gambling. Big Misconception. We do bet but don’t count on luck. Instead, we do 6 Advantage Plays6 Advantage Play Feature Image based on mathematical edge to beat the bookies, casino & bingo. When it comes to the Sports Betting, we use Matched Bettingsports matched betting, full guide / Sports Arbitrage / Value Bets On Proven Tipsters to lock-in profit or consistently earn extra income for long-term.

With that said, one of our policies is “Betting On Chance Is For Losers, Stop Gamble Betting But Bet on Only +EV (Expected Value) To Win Reliably“. It is effectively our way to promote Responsible Gambling, and we strongly support GambleAwaregambleaware logo being explained in about us.

We Global Extra Money (GEM) would like our readers to exploit such reliable money making opportunities as many as possible. Providing the Solutions To Reduce Lay Betting Commission & Liability is part of our efforts to achieve that vision.

What’s Lay Betting All About?

Betfair, the largest bet exchange defines;

Lay Betting is the option on Exchanges such as Betfair where punters can play the role of a traditional bookmaker but offering odds to sell a bet instead of the usual odds to back a bet.

“I bet you won’t get a bullseye”; “I bet you won’t finish all that”; “They’ll never win if he plays.”

We all make statements to friends like this every day. What you’re actually doing is ‘laying a bet‘: betting something won’t happen.

Betfair

Watch the short video;

How Do We Make Money From Lay Betting?

You may ask Is Lay Betting Profitable? As said at the beginning, we use lay betting in Matched Betting, and yes lay betting is profitable because we can lock-in profit via matched betting. If you’re already familiar with matched betting, just skip this section.

For those who are not familiar with the matched betting at all, suggest take a look at Matched Betting For Dummies – 9 Essential Things You Should Know Before Staking Any Real Money where you will find every basic about the matched betting. However, for your quick start, I’ll briefly explain how it works by using Sky Bet Sign-Up Offer as the simplest example for your easy understanding.

Matched Betting For Dummies - 9 Essential Things You Should Know Before Staking Any Real Money
sky bet offers, new welcome bonus

The offer is “Bet £5 Get £20 Free Bet”.
See the T&C.

Matched Betting Snapshot

What we basically do are;

  • 2 transactions of Back (bet on win) £5 on Team or Player A or Horse A at odds of 2.0 < at Sky Bet & Lay (bet on NOT win) appropriate £ (stake can be calculated by free lay calculator) on the same Team or Player A or Horse A at Betting Exchange like Betfair or SMarkets so that you cover all outcomes.
  • Regardless of the outcome, your losing & winning will cancel out each other. In the real practice, usually, 2 bets are not perfectly offset due to the odds difference & exchange commission. Therefore you make a small loss called Qualifying Loss.
  • But now, you get £20 Free Bets. You repeat the exact same process but using the free bet for the back bet at Sky Bet. Then, this time free bet value (minus qualifying loss) will become your net profit.Risk Free Betting Starting Guide (3) – How To Extract Cash Profit from Free Bet
  • You may be able to extract around £15 – 18 pure profit from this offer Without Any Single Risk.
  • Success factor is how to minimize the qualifying loss by selecting the player whose odds gap (between Sky Bet & Betting Exchange) is the narrowest. You can use Free Odds Matcher (which also equip lay calculator) to locate such opportunities. For the step by step process, take a look at Risk Free Betting Starting Guide (3) – How To Extract Profit from Free Bet. You will find William Hill sign-up bonus case as an example in this instruction.

So, it is a simple back and lay strategy, and matched betting is effectively laying bets to make money.

Betting Exchange

You need to place lay betting at bet exchange. Therefore, it’s critical to adopt the right approach toward the betting exchanges from the beginning, which will affect your long-term profit. Suggest you take a look at Bet Exchange – How To Sign-Up & Lock-In Profit Wisely With Best OffersBet Exchange, Sign-Up Strategies Feature Image, where you find the Smart Tactics on How To Use Which Bet Exchange in Which Occasion with spoon-fed like instructions. Based on reasons explained, I suggest SMarkets rather than Betfair for the 1st sign-up bet exchange. Therefore, again, for your quick start, I prepared a step-by-step guide for how to sign-up SMarkets and extract cash from its £10 Risk-Free Bet bonus. Actually, this is one of the easiest offers to lock-in profit in the industry. Please click “+” mark to open the instruction;

SMarkets Sign-Up Process with Screenshots

Please follow the below process, which takes less than 10 minutes to complete;

Update & Confirm T&C (Terms & Conditions)

  • Firstly, Go To SMarkets Front Page confirming the availability of £10 Risk Free Sign-Up Promotion

Bet Exchange SMarkets Offer Check

  • Read welcome bonus T&C. I know it’s a boring stuff but never try to save time by skipping it to avoid any unpleasant future surprise;
Bet Exchange SMarkets Bonus T&C
Click To Enlarge

Simple Sign-Up By Filling Information

  • After confirming the availability of the offer & reading the T&C,  click “Start Trading”

Bet Exchange SMarkets Signup Front Page

  • Fill-in the required information related to Account, Personal Information & Deposit;

Bet Exchange SMarkets Signup Account Page

A Few Key Points

  • For the deposit method, suggest use Visa Debit card if possible. Because depositing by Mastercard or credit card incur a 2.5% deposit fee, bank transfer takes a few days. Importantly, Skrill & Neteller deposits are not eligible for the £10 bonus.
  • Suggest you deposit at least £100 because you need to prepare for the relatively high lay liability in SMarkets when you extract free bet in the matched betting.
  • Account Verification. You will receive the below e-mail to verify account. Suggest you do it as quickly as possible to prevent any future transaction delay;
    Bet Exchange SMarkets ID Verification
    Click To Enlarge
  • That’s it. You’re now ready to place lay bets to construct matched betting once you sign-up the bookmakers.

How To Extract Cash From The Offer?

As said, SMarkets signup offer is probably the easiest one. Because you don’t have to do anything. SMarkets will refund your first £10 loss. Yes, even you win thousands of £ before you lose £10, SMarkets will refund that first £10 loss. So, just keep doing the matched betting, and whenever you lose £10 for the first time in SMarkets, you will be refunded, and as you’re aware it’s your profit.

Some Good News

  • Very simple, isn’t it? SMarkets & all other bet exchanges I list in the betting exchange guide are fully licensed & regulated by UK gambling commission. And they all register in IBAS – Independent Betting Adjudication Service, thus you can let IBAS resolve when you face any problem with them.
  • Remember, any income from the matched betting are Tax Free in the UK / Ireland as long as it is not considered as your main source of income.

Matched Betting Specific Process Between Sky Bet & SMarkets

Then, I will quickly show you how to make your 1st matched betting between SMarkets & Sky Bet by using Sky Bet Sign-Up Offer. Click the below “+” which opens the step-by step process with the screenshots;

Sky Bet & SMarkets - Step By Step Matched Betting Process with Screenshots

Before Sign-Up, T&C, T&C, T&C —

  • Firstly, read both bet exchange (again to ensure you follow everything required) & bookmaker sign-up bonus T&C. Allow me to reiterate that it’s a boring stuff but never try to save time by skipping it to avoid any unpleasant future surprise. They can change & update T&C anytime, therefore it’s essential to follow their latest guideline. Some of the key points are; Minimum Odds (1.5 Over etc.), Device (via PC, Mobile etc), Deadline (by when such as within 7 days after deposit), and as said in the Sign-Up process, Deposit Method (often Skrill / Neteller deposit is not eligible for the sign-up offer) etc

Sky Bet Sign-Up

  • After reading the T&C, start registration by clicking “Join Now”;sky bet offer, new sign up bonus
  • No-brainer, just fill-in your personal information as usual sign-up form;
    Sky Bet Offers Registration First Screen
    Click Image To Enlarge

    Sky Bet Offers Registration Second Screen

    Sky Bet Offers Registration Third Screen

  • Finally Deposit page, you need only £5 to deposit for the qualifying bet though, suggest deposit at least £10 to be seen not a bonus hunter but a casual bettor;
Sky Bet Offers Registration Deposit Screen
Click To Enlarge
  • After you complete the successful registration, you will receive the confirmation e-mail as below;Sky Bet Offers Successful Registration Email
Account Verification
  • If you are required to verify your account, do it as quickly as possible. Sky Bet says “We need Proof of ID (Passport/drivers license) and proof of address dated within the last 3 months (utility bill/bank statement). You can email these off to docs@skybet.com and we will look to get your account verified in 24 hours.”

Now, Time To Start Matched Betting – Find Sports Event & Calculate

  • Go Free Odds Matcher to look for the appropriate (means the tightest odds gap between Sky bet & SMarkets) sports event. You chose Sky Bet as a bookmaker;
    Sky Bet Offers Oddsmatcher Bookie Selection
    Click To Enlarge
Odds Selection Tactics – Qualifying Bet
  • For the qualifying bet (means not free bet but your own money), the Shorter (means smaller) the better. Because the shorter odds usually allow you to find narrower gap between bookmaker odds & bet exchange lay odds, thus better profit. Sky Bet requires minimum 2.0 odds. So just use filter function to set something like 2.0 – 6.0 (you can set the highest as you want) and select the event.

sky bet offers, odds matcher set

  • The oddsmatcher displays the list as below;
    sky bet offers, odds matcher table
    Click To Enlarge
  • The best event (means, the narrowest odds gap between Sky Bet & Bet Exchange) is Fontwell horse racing at 15:45, Puppet Warrior. So, let’s check if these odds are still available in both Sky Bet & SMarkets.
  • Unfortunately, Sky Bet already reduced the odds from 2.88 to 2.75;
    sky bet offers, puppet warrior odds
    Click To Enlarge
  • However, SMarkets lay odds also lowered;
    sky bet offers, smarkets puppet warrior odds
    Click To Enlarge
  • The odds always change like this, so don’t worry. What we do is to see if the updated odds are still worth by changing the lay calculator (it appears when you click “i” icon at the right end of the event in the oddsmatcher table) manually as below;
    sky bet offers, lay calculator
    Click To Enlarge
  • The calculator indicates that with the new odds, our qualifying loss will be 12p, 2.4% loss, no matter our horse Puppet Warrior wins or loses, which is acceptable level.
  • So, all you need to do is to follow the calculator. Namely, back £5 on Puppet Warrior at 2.75 at Sky Bet while laying £4.98 on the same horse Puppet Warrior at 2.78 at SMarkets.
  • The race result doesn’t matter though, the final result is;

sky bet offers, qualify bet result

Just FYI.

Odds Selection Tactics – Free Bet
  • After setlling the above qualifying bet, Sky Bet will give you £20 Free Bet.
  • Now, all what you need is to repeat the process of back & lay that we just completed. However, when it comes to the odds, unlike the Qualifying Bet Case, the Longer (means larger) the better because your free bet will not be returned when you win. This type of bonus is called SNR – Stake Not Returned (see further details), and free bet is usually SNR.
  • So, let’s set the odds range, say between 6 – 15;Sky Bet Offers Oddsmatcher Odds Filter Set
  • You can always find a list of the candidates as shown below. Let’s see the top 2, which are both horse racing of Lingfield, “Goodbye Lulu” & Kempton “Royal Birth”. Although Lingfield one is positioned the best but it’s based on SR (Stake Returned, means normal betting case). But, we’re using Free Bet that is SNR (Stake Not Returned). Therefore the 2nd one of Kempton of which odds is longer, must be more appropriate choice (See the calculation later).
    sky bet offers, fb event search
    Click To Enlarge
  • You click “i” mark at the right end, which will navigate you to the screen highlighting the action. That is Backing “Royal Birth” at 10.00 in Sky Bet and Laying off “Royal Birth” at 10.50 in SMarkets;sky bet offers fb calculator summary
Automated Calculation
  • You click yellow “Calculator” mark, which will navigate you to the calculator below;
    sky bet offers, fb better calculation
    Click To Enlarge
  • Actually, it gives you everything you need to know. Although the necessary inputs are automatically done, you need to chose Stake Not Returned mode at the right top since it is a Free Bet (default mode is Qualifier, so you have to change manually).
  • The key inputs you need to double check are; Stake £20 in Sky Bet. Back Odds 10 & Lay Odds (in SMarkets) 10.05. Commission, Sky Bet 0 but SMarkets 2%. Then, the calculation says you need to lay £17.18 at SMarkets, and your final profit will be £16.83 regardless of the outcome. Means no matter “Royal Birth” wins or loses, you will earn exactly £16.83.
If Chose The Top Rated Kempton “Goodbye Ludu”
  • If we chose the Kempton “Goodbye Lulu”, the final profit is £15.90 that is lower than £16.83;
    sky bet offers, fb worse calculation
    Click To Enlarge
Note – Lay Liability
  • Although, the longer odds is preferable to achieve better profit for Free Bet case, we need to be careful for Lay Liability. The longer the odds, the bigger the lay liability is. In the above case, laying “Goodby Lulu” requires £94.10 but “Royal Birth” need £163.17. So, if you don’t have enough balance at exchange (Smarkets), choosing “Goodby Lulu” is an optional approach.
  • For this particular issue of lay liability, How To Minimize Exchange Lay Betting Commission & Liability For Matched BettingHow To Minimize Exchange Lay Betting Commission & Liability For Matched Bettingwill be of your help.

Placing Bets

  • Now, we will construct the matched betting by placing the stake both in Sky Bet & SMarkets. Firstly place bet at Sky Bet. Remember, you should place the bookmaker’s bet first, this is an important theory (don’t think too much at this stage just follow this principle, you will know why in due course). So, go to Sky Bet, confirm if the odds is still 10.00. If it changes, you need to recalculate the lay stake & profit by just updating the number in the calculator. You can change manually very simple. If it’s 10.00, then place £10 on “Royal Birth”;
    sky bet offers, fb odds
    Click To Enlarge
  • Then go to SMarkets. The same practice. Confirm if the odds is still 10.05. In SMarkets (basically more or less the same among all bet exchange), there are 2 parts of Blue Colour (right side) & Green Colour (left side). You need to Chose Blue Colour for Lay. Green colour is Backing. In bet exchange, you can also back, but at this stage I don’t want to confuse you, so just remember you chose Blue to lay;
    sky bet offers, fb lay odds
    Click To Enlarge
Final Profit
  • That’s it. Just wait for the outcome. The below shows the final profit no matter “Royal Birth” wins or loses;
  • Qualifying Bet: (-12p) Loss
  • Free Bet: £16.83 Profit
  • Total: £16.71 Net Profit

Actual Result

  • Do you want to know the actual result of the race?
    sky bet offers, fb event result
    Click To Enlarge
  • So “Royal Birth” didn’t win but finished at 2nd, anyway you will not be bothered by any results, just FYI.

If it’s your first betting experience, you may take 10 minutes each for sign-up SMarkets & Sky Bet. And took probably 30 – 40 minutes to complete the whole matched betting process (both qualifying bet & free bet). Or I would say you’d better take enough time to avoid careful mistake.

After you construct a few matched betting, you should be able to finish the same process within 20 minutes.

The important thing is to keep doing and your efficiency will be improved exponentially.


Lay Betting Commission Saving At Exchange

Now, let get down into the key subjects of this document.

Exchange Lay Betting Commission – How Does It Work & Affect You?

man_imageLet me quote Pinnacle article that summarizes how the exchange commission works & affects your profit;

Unlike regular bookmakers, exchanges charge commission on your winnings, i.e. net profit on the market. Base commission is often at 5% of your winnings, but increased to 6% or 7% for many countries. With an exchange like Betfair you place bets, you collect points that will discount your commission, exchange-commission-3but the points are subject to decay every week, and if you are really successful, you will find yourself caught in the so-called Premium Charge, that may take as much as 60% of your profit.
So, you have just seen that Pinnacle Sports offers 1X2 odds of 1.84 for Swansea to win against Crystal Palace, while that same bet is available at 1.86 at a betting exchange. And you wonder which one offers better value – is the exchange’s 1.86 after commission still better than Pinnacle Sports’ commission-free 1.84?Decimal odds represent an inversion of probability of an event to happen (e.g., probability of landing on a head when tossing a fair coin is 50%, or 0.50, so equivalent odds are 1/0.50 = 2.00), but also a ratio of your possible return and your stake. For example, if you staked £100 at odds of 1.86, you hope to pocket £186, which consists of the £100 you staked earlier and £86 that you won.

Decimal odds = return / stake

or

Decimal odds = 1 + (profit / stake)

As we have explained, betting exchanges charge commission on net profit on the market. That means, in this example above, you will get your £100 back untouched, but the £86 that you won will have commission taken off first.

Let’s suppose that you live in a country that has not been affected by commission increase, but unlucky enough to collect sufficient points for commission discount; that means betting exchanges like Betfair will charge 5% of your winnings, or 0.05 * £86 = £4.3; you will pocket the remaining 0.95 * £86 = £81.70.

To summaries, you risked £100 to win £81.70; therefore, you effectively got your bet at 1.817 – or some 3% worse than the odds available at Pinnacle Sports.

By now, you understand how to calculate net odds after commission; if COMM is your exchange commission in %, and ODDS available back odds, then your actual odds, in decimal format, are calculated as:

Actual odds = 1 + (1 – COMM/100) * (ODDS – 1)

Exchanges are a useful weapon in a bettor’s armory but the way that commission is deducted after the bet often leads them to misinterpret the extent of their value. Now you have the tools to make the calculations yourself it is up to you to decide where to bet, but we think smart bettors will choose Pinnacle Sports.Pinnacle

Well, advertising Pinnacle Sports is not my intention here (although I believe Pinnacle is the best bookmaker for smart punters in the world – go Pinnacle Sports Exclusive Review – True Voices of Insiders if you want to know it further);GEM Pinnacle Full Review, I just would like you to understand how the exchange commission works, and realize the importance to reduce it especially for those who do Matched Betting because 50% of their trading is through Exchange.

Three Ways To Reduce Exchange Commission

Having been aware of the impact of the lay betting commission, you may want to try the following 3 methods;

A) Use Lower Commission Exchange

This is the simplest way. Betfair is by far the largest exchange with 5% standard commission and there are following contenders;

Say, you bet £200 bet on 2/2.1 odds, 2% exchange saves £6 of commission. It will be a significant impact in long-term for matched betters who bet thousands in exchange.
exchange-commission-4For further information, see Betfair Alternatives For People Who Can’t Access Or Seek Better Options.

B) Offset Lay Betting Commission

The next method is to offset the commission. Remember the exchange charge commission Only To Net Winnings (except Matchbook), means if you make multiple bets on the same markets, your commission will be against (Total Winning – Total Loss). This tactics can be used together with the next topic of Minimize Lay Betting Liability. Let me use an example, the below shows SMarkets 2016 Rio Olympics Men’s Football Outright market;

lay betting, smarkets lay odds
Click The Image To Enlarge

Assuming you make multiple matched betting (don’t get me wrong, I’m not referring to multiple accumulator betting but multiple single betting), say, chose 3 top countries (there are many reasons behind such as Simply Close Odds with bookies, 2nd & 3rd Place Refund or Extra Places offered by bookies etc.) and place lay bet £20 each just for the sake of simplicity. The possible scenarios would be;

  • None of 3 win – so your 3 lay betting are all win £20 x 3 x 2% = £1.2 no commission offset
  • 1 of 3 win (remember wining country is only 1) – so your 2 lays win but your winnings will be offset by your 1 lose lay amount. Thus the final lay betting commission will be reduced. Say Brazil wins, then £27.6 lay lose will be deducted from £20 x 2 (2 lay win). So your net win in this market will be £12.4 and the commission charged will be £0.248. This is much lower commission than the case you bet only 1 country and win (£0.4 commission). If Argentine or Germany wins, your total lay bets will become loss (don’t worry your loss in exchange means your win in bookmaker in Matched Betting, you simply save the commission in exchange). It means you don’t have to pay any commission although your other 2 lays win.

If you apply to Betfair 5% commission rather than SMarkets 2%, the impact is bigger.

Actually, there is an Extra Place Strategy please check 2 Best Techniques To Ensure Massive Profits From Each Way Betting – Scalping & Dutching Extra Place;Each Way Betting Scalping & Dutching Extra Place TechniqueThis document covers all horses in the same market where this tactics save your Betfair commission hugely even to 0.

C. Dutching

The above Extra Place Strategy also covers Dutching. If you’re not familiar with Dutching, please take a look at Dutching Betting – Advance Technique;Dutching Betting Technique To Ensure Profit, which is a very useful tactics to ensure winnings while reducing risk.

Essentially it covers all the outcome of the event with back bet. Means instead of laying at the exchange, placing all the bets at bookies which can avoid paying lay betting commission at the exchange. This is also the simple & handy option especially for football 1×2 market.How To Minimize Exchange Lay Betting Commission & Liability For Matched Betting

Minimize Lay Betting Liabilities

Lay Betting liability (liability at Exchange) is the amount you could lose in your worst-case scenario. When you back at the bookies, your liability is just the stake you place. When laying however it’s the amount it will cost you if your selection wins.

Lay Betting Liability Calculation

The Calculation formula is simply: Lay Betting Liability =  Lay Stake x (Decimal Odds – 1)  

The reason you subtract 1 is because on an exchange, the price includes having your stake returned to you. So assuming your lay stake is £10 and the lay odds is 3.50, then Lay Betting Liability = £10 x (3.5 – 1) =£25. And if the odds is 6.00 Lay Betting Liability is £10 x (6.00 – 1) = £50 So be careful, the liability will be increased significantly when the odds get longer.

With that said, many Matched Betters especially newbies may struggle to prepare enough fund to cover the Lay Betting Liability in Exchange. Because your trading must be increasing rapidly and you need to chose longer odds to extract Free Bet (although qualifying bet requires opposite, means shorter odds is preferable).

Let’s use the above Rio Olympic Football Outright market as the example again. If you lay £20 on Argentine, your Lay Betting Liability based on the current odds of 13.5 is £249.90. The odds changes rapidly, when I took the previous screenshot it was 8.6, but it increased to 13.5 now. Anyhow it will be back to around 9 soon. This is the amount you lose if your lay bet loses, means if Argentine wins;

lay betting, smarkets lay odds search
Click The Image To Enlarge

Well, this single Lay Betting liability itself is not a big amount. However, you as a matched better who make possibly several or even tens of laying every day, then the total Lay Betting liability will become thousands of £. This will squeeze your cash flow and may miss good matched betting opportunities due to the lack of fund.

How You Can Reduce Your Lay Betting Liability

We can apply the exact same approach of the 2. Offsetting Commission introduced in the above Commission Saving.

So, we make multiple bets (again don’t be confused with Multiples as Accumulator bet, what we talk here is multiple single bets) in the same market. If you bet Germany in the same Olympic market, the liability will be £151.96 as below;

lay betting, smarkets odds change
Click The Image To Enlarge

However, when you bet Germany in addition to Argentine, your £151.96 liability will not be added to your Argentine £249.90 liability but the total liability will stay put as £249.90. Because the winner is only 1, both Argentine & Germany win will not happen thus these 2 liability will be offset. And the exchange imposes only £249.90 as the highest liability you need to bear. The same applies to Brazil, although you add £27.99 of laying Brazil will not change the total liability of £249.90.

So, what are the implications? The Multiple Lay Betting on the Same Market requires much less cash compared with laying in different markets.

The extreme case is the Extra Place Offers Scalping / Dutching Tactics introduced before. For the Win Market, the total liability will be the max liability of all the horses LESS the stakes of the remaining horses, since only one horse can win. For Place Market, assuming the exchange offer 4 places, the total liability will the sum of the 4 highest liabilities LESS the stakes of the remaining horses.

Although I used the examples of many outcomes (horse racing / Olympic outright), you can conveniently apply this tactics to Football Game 1X2 market where only 3 outcomes (home wins, draw, away wins) exists. Let’s use International Champions Cup 2016 Bayern Munich vs real Madrid as below;

lay betting, bayern munich odds
Click The Image To Enlarge

Assuming you make 3 matched betting to all the 3 outcomes with each £100 lay amount, the lay betting liability for each outcome is £132 Bayern Munich wins, £310 Draw, and £275 Real Madrid Wins.

What you will find are;

  • Your total highest Lay Betting Liability is not even £310 of the Draw but will be £110 based on the below scenarios.
  • If Draw Happens, your Exchange Balance will be -£110 = (-£310 + £100 winning + £100 winning). This is the worst case from the perspective of not reducing the remaining balance in the exchange. When real Madrid wins, the balance will be -£75 while Bayern Munich wins the balance will be even positive of £68.

If you do the 3 matched betting with the same odds in 3 different markets, your max liability will be £717 rather than £110. And your worst scenario of the exchange fund balance will be -£717 rather than £110.

Don’t get me wrong, since you are doing matched betting your loss in exchange should be compensated by the winnings in the bookmakers. The point here is how we can make the best use of the limited fund in the exchange.

Combined Multiple Promotions & On-Going Bookies Reload Offers

Just 1 more example which I did at Ascot Sherger Cup Challenge at 14:20 on 6 Aug. I combined multiple bookies’ promotions while achieving qualifying bets for regular Free Bet Offers, meaning;

So, what happened finally? The race result was;

commission-54

I placed £80 bet in the 5 bookies and more or less the same lay bets in SMarkets.

  • The Total Liability: Around £105 rather than over $500 if I spread among different races.
  • I saved commission by over £4 compared with I won lay bets in separate markets (since I layed 5 horses and the only 1 horse won, means I won 4 lays)
  • The final profits from this race was £17, my horse in Skybet finishes 2nd thus I got £25 refund ;commission-56But as said I already locked in the profit for Sky taking this refund into account. My horse in Paddy Power finished 3rd but unfortunately the SP Favorite didn’t win but finished 7th, thus I couldn’t get the refund. Again you understand how this Refund If Your Horse Finishes 2nd Beaten By SP Favorite additional condition make it extremely difficult. Since I took early prices in all bookies, 2 horses were in arbitrage, means Lay odds were lower than the back odds. Therefore earned profit via straight forward matched betting I did.
  • I completed Sky Club qualifying bet to get weekly £5 Free Bet.
  • I also completed Bet Star weekly mission qualifying bet to get £5 Free Bet

Summary

Net Earnings £17 + Commission Saving £4 + Free Bet £10 = £31 for say less than 1 hour work, Not bad, isn’t it?

Wrap Up Of Lay Betting Commission & Liability

  • Although I use the term Lay Betting Commission, actually exchange charges the commission when you back at the exchange as well. Therefore, the proper description should be Exchange Commission rather than Lay Betting Commission. I expressed Lay Betting to emphasize that we are referring to the commission when you lay, which is common for matched bettors. Just for clarification.
  • The amount of money you need for lay betting is based on your maximum potential loss. So the most you will lose is whichever selection has the larger liability and the liability with lower liability should be ignored.
  • The final balance after the multiple lay bets will be the result of offsetting total gains & losses therefore it will always be more balance than the case of losing single lay bet.
  • Consequently, doing multiple lay bets on the same market can effectively increase your profit (saving commission) and make your cash flow more efficient.
  • You can use this approach on any event which can only have 1 outcome. You can use it for every occasion, from high odds markets such as horse racing, golf outright, or football correct score etc especially for Free Bet use to very low odds market like Football 1X2 for Qualifying Bets.
exchange-commission-10

If you have any inquiry or need any help from us, please contact us anytimeGlobal Extra Money Contact (don’t worry, we will not charge you any fee, everything is free here).

Good Luck On Your Betting!!

Joshua Walker – Publisher of GEM (Global Extra Money)


Just in case, you have not accessed to the below Free Program, suggest Do It Now, You will Not Lose Anything But Only Make Profit;

Make £/€/$ 50,000 Extra Money On The Side - Free Program

gem image

Use 6 Advantage Plays to Extract Money from Bookmakers, Casino & Bingo sites based on Mathematical & Statistical Edge. Roughly 70% of the Offers are Completely Risk Free, You Can Lock-In Profit around 80% out of it. No Experience Required & for anybody including University Students, Full-Time & Part Time Employees, Housewives, Single Parents & Maternity Women, Job Seekers & Retirees. If You Seeks the way to Make Extra Money Easy & Fast, Go For It. You can access to;

Comprehensive 3 Chapters

  • Chapter 1: Change Mindset - You Never Gamble
  • Chapter 2: Rationale & Strategies To Achieve the Extra Money Target
  • Chapter 3: Ultimate Extra Money Guide Daily Action Planner Phase 1 - 5 (List Every Opportunity with Step by Step Instruction)

All are FREE now, hope you will be impressed with the quality of the program. Don't Wait but Start Now While I Can Keep the Program Free!!Extra Money Guidance Chapter 3 Phase 4 & 5

Posted by Joshua