From the matched bet above,you can see that the Lay Stake needed to match this bet is £10.29 and that there is an overall closeness of %97.79. The Lay Odds in the satta matka above are lower than the Back odds, by 0.05. This would normally form an Arb*, but due to the %5 Lay Commission, there is no arb. Often when you place a qualifying bet, and then lay it out, you will make a small loss as long as you have odds which are reasonbly close together. However on the odd occasion you will get Lay odds which are lower than the Back odds. This means that no matter what happens in the event*, you will come out with a profit. Often though you only ever make a small loss when matching the bet, but this is okay because by matching the bet in the first place you will be unlocking a free-bet or bonus. The free-bet or bonus is the earner, and you can usually gain about %80 of the free-bet as your own money (as long as you match the bet properly).
How to Lay the Bet:
It’s best to use a more popular Exchange when you start laying your bets, such as Betfair. With Betfair most of the time their commission rate is %5 but sometimes it can be %1, its best to check with the terms listed on the website.
It is very simple to lay a bet at Betfair. You simply find the relevant market and find the same event which you have bet on (if you are matching a bet) and then you will see pink and white values on either side of the screen. The white values are to back an event, which is just to bet on the event. The pink side is the lay side, which are the lay prices that are currently available. The amount of money which is available at each of the prices are listed below each of the values, so that you know how much you can use.
Of course if you are not happy with the Lay odds available at the Exchange at Betfair you are able to set your own price, and then put the amount of money you are willing to accept there. Then it is up to another user to choose to accept that Lay value, and to choose the amount of money they wish to take of it. If no-one accepts that (the bet doesn’t get matched) then you will have to lower your lay value or cancel it completely.
For example, say someone has bet £100 at the Bookies on Bolton to win against Arsenal, at odds of 4. This same person might then go on to Betfair and put up a Lay value of 2 on Bolton to win against Arsenal, and put £200 available for this. Then the person will have to wait for other people using Betfair to accept the odds he has made available.
Limitation Factors, Drawbacks and Guidance:
Throughout this article there are a few things which I have touched upon which can limit your success doing matched betting and arbitage betting. The biggest factors are related to arbitage betting, and matched betting is generally safe as long as you know what you are doing, which is also the first most important point.