What is MatesOdds?

MatesOdds is a site for capturing all of those informal bets you make with your mates. It is for real money, but all person to person payments can be made through Paypal. You will be able to see which one of your mates you lose money to over the year, and where the "easy money". You can set your market as well as your price, so you can even get a bet going on your local Sunday League game!

You do not need to transfer any money to MatesOdds to be able to make a bet. We don't charge any commission and the site is 100% free to use. Not bad, eh?

Why should I join MatesOdds?

You must be a member of MatesOdds to participate. It's easy and free to sign up. Even if you don’t want to bet, you will still find plenty of banter flying around.

Who can join?

Anyone over the age of 18 can join MatesOdds.

How do I get started?

First you have to register to become a member. Navigate around the site to get familiar with everything. Then invite all your mates and get betting. You can start off with small bets as we don’t impose a minimum bet size. To be able to bet, the person you want to bet with must first accept you as a "mate" on MatesOdds.

Who can bet?

Wherever you are in the world, so long as you have a mate and fancy a wager, you can bet. Your mates, your odds.

What currencies are accommodated on MatesOdds?

All bets are currently placed in pounds sterling. We will be expanding our range of currencies in the near future.

MatesOdds do not set the betting rules. We allow members to bet on any event they want at the price they want. They are also free to attach whatever rules and conditions they want to a particular bet. It's just like making a wager down the pub.

So if you want to make a bet on MatesOdds, set the price, the amount and the event you want to bet on. More importantly, make sure to set the rules and conditions of the bet. If somebody offers you a bet, it goes without saying that you should be aware of any technicalities first.

MatesOdds does not offer arbitration over any bets. It is up to each member to set clear and concise rules for each bet. Accepting a bet indicates you are happy with the rules and conditions of the bet.

Because the counterparties of the bet must settle the bet themselves, you must pay close attention to the conditions and rules of each bet. A vast majority of bets will have a clear cut result.

The person who initiates a bet (the offerer) has the duty of settling the bet. He/She must do this by claiming from 3 options - a win, loss or void.

Once the bet has been claimed, the debt of the bet must be paid. How this is paid is at the discretion of both counterparties to the bet. We recommend Paypal, the leading standard for person to person payments.

Once payment has been received, the winner of the bet must confirm the receipt of the cash with a simple click. The bet then goes down on record as fully settled up.

Being recognised as an honest settler of bets and having a quick payment of bet losses will enhance your standing amongst your MatesOdds peers and ensure you will have no problem getting your money on for the big events.

MatesOdds is a self policing site that is built on trust and honesty. If somebody decides not to cough up on winnings, then simply slate them on their wall. It is unlikely anybody will bet with them again.

Step 1. Offer the bet

To be able to offer a bet to someone, you must first invite them to be your "mate" on MatesOdds. Once they accept you are free to make them a bet offer. Once the bet has been offered, you will not be able to cancel it. However, you will be able to edit it up until it has been accepted by your mate.

Step 2. Accept the bet

If you like the odds and the rules attached to it, all you have to do is click "Accept". On the other hand, if you want to negotiate better terms, you can post suggestions and requests in the "Bet Comment Box". The offerer can change the terms of the bet up until you click the accept button, so it is always worth haggling for the best possible price.

Step 3. Claim the outcome

The person who first initiates the bet has the duty of making the claim on the bet's outcome. You have three choices - "You won", You lost", or "Void". Please ensure you claim the results of your bets correctly. Being recognised as an honest settler of bets and having a quick payment of bet losses will enhance your standing amonst your mates and ensure you will have no problem getting your money on for the big events. If somebody is slow in making a claim, make sure to chase them down on their wall.

If the result of a bet is claimed incorrectly, please contact MatesOdds customer service. We will make the necessary adjustments.

Step 4. Confirm you have received payment

Once you know the bet result, you will either be receiving cash or paying out. The safest way to do this is via Paypal. Alternatively, if you want to arrange payment by other means, you can do so by dropping an email to your counterparty.

Once you receive the cash, please ensure you confirm receipt of payment by clicking "Confirm". Once confirmed, the bet transaction is complete, but the banter can continue!

What will I find on my profile?

Every member of MatesOdds has their own profile. Your profile displays everything about yourself - information you enter such as location, favourite sport and betting style, your betting record, your recent activity and your mates. Your profile can can be viewed by all MatesOdds members.

How do I edit my profile?

You will need to edit your profile to make sure it is 100% complete. On MatesOdds trust and reputation are very important things. Making sure your profile is 100% complete and accurate will instil trust amongst your MatesOdds peers.

How do I complete my profile?

When you sign up to MatesOdds for the first time, we start you off with 10% profile completeness. You will need to upload a photograph of your true self (no avatars), complete the "Information" section, and begin interacting with your mates on the site. Each of the following actions will help you build up your profile:

Action	Profile completeness
Signing up	10%
Uploading photo	30%
Filling out information	10%
Adding mates	20%
Commenting on bets	10%
Making and settling bets	20%

How do I upload a profile picture?

All you need to do is click on to your "Profile" page at any time, and click "edit". Then follow these few easy steps:

• Click the Browse button.
• Search for the image on your computer, we recommend 100x100 jpeg format.
• Click the Open button, and you will return to your profile.
• Click "Save".
• That's it! Your photo is now uploaded to your profile.

What is a Betting Record?

This tells you how successful you are as a punter. No more exaggerating your wins or hiding your losses, your betting record is visible to all members of MatesOdds and will show just where the "easy money" is. When the outcome of a bet is claimed, your betting record is updated to reflect your new win and loss totals..

What is Recent Activity

This is a quick glance at what you have been up to on MatesOdds. Keep tabs on your mates and what they're betting on.

What is the Wall?

This space lets you leave a comment on your mate's profile.