Step 2 - Pick a Close Matched Bet
Once the odds at Coral and Betfair are in decimal format, you can start to place your qualifying bet. You will see a table of results provided by our OddsMatcher software. These results show the bets with the closest odds at the bookmaker and the exchange, minimising your qualifying loss when placing your qualifying bet.
We recommend sticking to football matches when you first start matched betting because the odds tend not to move very quickly, so it’s easier to get your bets on at the odds shown in the OddsMatcher. If you can stick to popular teams, even better.
In this table you can see that there is a match Switzerland v Belgium, Belgium Win. The odds are 2.15 to back at Coral and 2.2 to lay at Betfair. You can see that the qualifying loss for this bet is £0.25
Click the blue icon to bring up the popup showing you what you need to bet.
You can see from the popup that you need to place a bet of £5 at odds of 2.15 at coral. You can also see that you need to place a lay bet at betfair of £5.00 at odds of 2.2. The first thing to do is go to coral and betfair to check that these odds are still the same.
Click "GO TO CORAL" and "GO TO BETFAIR"
For Coral, if the bet doesn’t load in your betslip automatically, you will need to find the market that is displayed in the OddsMatcher. In this example, we are backing Belgium to win.
I can see that the odds are still 2.15
Next I look at betfair and check that the odds are still 2.2 to lay. I can see that it is.