November was a really busy month with over 170 betting transactions. The month was not as profitable as I hoped meaning I put in a bit more effort and didn’t get returns as high as I wished. That said, I still made over £2 per transaction and I cleared profit again. I was able to add a 49{c7c848de4ea1f7a897051dc2551070b54b0212220fc7059e50068651d400e6cd} increase to the total value of my bank since starting match betting.
This month I made a grand total of £379.58 mainly through sign up offers and enhanced odds that bookies offer. Enhanced odds are an interesting and very straight forward way to make money. Unlike sign up offers, there is no need to create a new betting account with a new bookie, instead you use the accounts you already have and back/lay something where a bookie has provided boosted odds. This was the first month I have done any match betting offers with enhanced odds, so I thought I would explain how they work.
How to make money from enhanced bookie odds
Once you understand the basics of backing and laying a bet this will be very easy to understand. If you not sure how to back and lay a bet then read this article first.
So let’s look at an example:
BET DETAILS
Stake: £20
Bookmaker enhanced odds: 3.5
Smarkets lay odds: 3 (commission 2{c7c848de4ea1f7a897051dc2551070b54b0212220fc7059e50068651d400e6cd})
CALCULATIONS
You would lay: £23.49
RESULT
Bookmaker bet wins: £3.02
Smarkets bet wins: £3.02
So you will make £3.02 whatever the bet outcome – and that literally takes 2 minutes to do.
In this example a bookie is offering a match winner enhanced odds of 3.5 and the lay of that same outcome on Smarkets is 3. Because there is a difference in the odds and it’s lower at the exchange, you can ensure you make a profit from any outcome
Usually with enhanced odds you are limited to stakes of £10 or £20 with some going as high as £50 on rare occasions. However, they do offer a very quick way to make some profit and when you consider time vs profit they shouldn’t be ignored.
Overall I was pretty happy with my match betting activity in November. I was able to increase my bank (amount of money I use for match betting) by a further 49{c7c848de4ea1f7a897051dc2551070b54b0212220fc7059e50068651d400e6cd} and take my total to in excess of £1000. My plan for December is to make my first £500 within a month and finish the year with a bank of over £1500.