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Matched bettingMatched betting basicsBack and lay bettingExchanges and liabilityComplete your first offerUnderstanding 2Up alerts
Value bettingValue betting basicsExpected value and fair oddsProbability and priceVariance and losing runsBankroll and stakingReading a value alert
ArbitrageArbitrage basicsArbitrage checks and availabilityComparing betting prices
Accounts and limitsAccount health and restrictionsLimits, gubbings and account closuresExchanges and sportsbook limitsGood account practice
Using ProfitPandaHow ProfitPanda worksFind your way around DiscordPrepare an exchange accountYour first offer: start hereUsing the OddsMatcherRecord your first betTracking and performanceUnderstanding your performance
Help and referenceWelcome to ProfitPandaBetting glossarySupport and safer gamblingFrequently asked questions
Using ProfitPanda·1 min read

Prepare an exchange account

For matched betting, you'll need an exchange account and enough money in it to cover your lay liability.

Get it ready

  1. Use an exchange supported by the offer or tool you're following.
  2. Complete its account and ID checks.
  3. Find your commission rate for the calculator.
  4. Learn where to place a lay and check matched, unmatched and cancelled bets.
  5. Check your available balance, allowing for money tied up in other bets.

A £10 lay at 4.00 needs £30 liability. Don't fund the exchange based only on the bookie stake. Higher odds can tie up much more money.

Read Exchanges and liability and try the back-and-lay example before placing a real bet.

Next: Complete your first offer.