Panda Academy
Learn the basics, then put them to use.
New to matched betting?
Start with the basics. Then try a back and lay example.
Level 1: The basics
5 lessons01 Matched betting basics
How bookie offers and back/lay bets work.
4 min →02 Odds and probability
Turn odds into a break-even win rate.
4 min →03 Back and lay betting
Follow the money through a simple £10 example.
4 min →04 Exchanges, liability and commission
Lay stakes, liability, commission and unmatched bets.
4 min →05 Complete your first offer
From qualifying bet to free bet and final result.
3 min →Level 2: Beyond the basics
6 lessons01 Expected value and fair odds
What EV means and how fair odds are estimated.
2 min →02 Value betting basics
Understand value, prices and the chance of losing.
2 min →03 Understanding 2Up alerts
When an early payout can create a double win.
3 min →04 Comparing betting prices
Compare the same selection across bookmakers.
2 min →05 Arbitrage basics
How covering every outcome works.
2 min →06 Arbitrage checks and availability
Check prices, stakes and settlement rules.
2 min →Level 3: Doing this long-term
7 lessons01 Bankroll and staking
Plan your balance and keep stakes manageable.
2 min →02 Variance and losing runs
Why results can swing, even with a positive edge.
2 min →03 Account health and restrictions
What restrictions mean for your accounts.
2 min →04 Limits, gubbings and account closures
What to do when a bookmaker limits you.
2 min →05 Exchanges and sportsbook limits
How exchange and bookmaker limits differ.
1 min →06 Good account practice
Keep your details, accounts and records in order.
1 min →07 Support and safer gambling
Set limits and know where to get support.
1 min →Reference
No lessons found. Try “odds”, “value” or “limits”.