What is matched betting?

By February 2, 2017Blog

You don’t have to be a gambler to participate in matched betting, in fact you don’t need any betting knowledge at all. Most people make over £900 in a month and this will explain exactly how to do it.

      What is Matched Betting?

Matched betting is a very simple concept when explained correct. You are backing both sides of a bet, with the stake on one side covered by a free bet. This guarantees you a profit so is considered risk free.

Example:

Manchester United to win – Backed with free bet
Manchester United to lose – Backed with cash

There are complicated mathematical calculations which forecast the guaranteed profit when using matched betting.

Terminology:

  • Backing – To place a bet on a selection to win. This is where you pick something you beleive will win. I will back England to beat San Marino with £10. This is the type of bets you will place will all bookmakers such as Stan James, Paddypower and Betway.
  • Lay – To place a bet on a selection to lose. This is the opposite side of any win bet. Imagine arguing about a friend about whether you could eat the a large burger or not. You would bet £10 you can, they would bet £10 you can’t. The ‘Can’t’ is betting the other person will lose and that is a lay bet. In order to lay a bet you must use a betting exchange. These allow you to ‘be the bookmaker’ and back the ‘can’t’ option.

     How does it work?

Bookmakers often incentivise new players to open accounts with free bets and deposit bonuses. These are usually matched bets where you place a bet, and receive a free bet of the same amount. Once you’ve placed these two bets, you lay any other outcomes so that no matter what happens, a profit is achieved.

Finding these bets and making the most out of them is not always easy. To do this you need to find the offers and perform the calculations. Many experienced users can do this, but it’s often time consuming and requires a high-level of betting knowledge and numerical skills. Mistakes can happen and that defeats the purpose of guaranteeed prodit.

Assisted services such as www.oddsmonkey.com and www.profitaccumulator.com are the best way to progress with matched betting. They provide comparison tables and auto-matches. These services give the users the exact information they need to place the bets accurately and quickly. They are a subscription service, but at £15 per month, the cost is minimal compared to the returns.

      Is it too good to be true?

No it’s not, in fact it has been proven to work on a number of occasions by high profile media.

Free bets mean you can clean up as bookies meet their match – www.theguardian.com

It works because bookmakers need these offers to bring in new players, they cannot remove the offers and they cannot stop people using them for matched betting. Many bookmakers have come to terms with this and have been moving away from large sign up bonuses, to bonuses for regular customers. However matched betting still works in 2017 and you can earn up to £1,500 per month tax free.

This is completely legal, and it’s a method that has been employed for over 10 years. It’s something the bookmakers are aware of, but something they’ve had to accept.

Matched betting is legal and the betting industry does not have a problem with this use of free bets – spokesperson for William Hill

Unfortunately we’ve used the majority of free bets  from our time, but my partner has been through and earned a small fortune. You can do it on your own, but for just £15 a month www.oddsmonkey.com, it’s worth removing the risk, and it made her feel more comfortable. We’ve a blog post explaining exactly how long it took her to get started, with no betting knowledge at all, and how much money she made.

      How much can I make?

You can start with as little as £10 and work your way up, or start with £500 if you want to make quicker profits. You can make up to 95% of any free bet amount and with hundreds of bookmakers out there with £1000’s of free bets, you can a nice amount of regular, tax free money.

The signup bonuses are the quickest way to make money, but sites like oddsmonkey have a daily betting calendar which makes use of smaller, more frequent bonuses.

For people who have time on their hands, such as students, this is a great way to earn extra cash for a night out at no risk.

      I want in on this!

Great! Nothing is better than a free lunch and you will have plenty with matched betting. Sign up to Oddsmonkey now and enjoy a free trial!

Claim Free Trial

With the free trial you will follow the expert guides produced by oddsmonkey which will:

  1. Introduce you to matched betting
  2. Introduce you to the oddsmatcher software
  3. Help you register with the Betfair exchange
  4. Open an account with Coral and complete their sign up offer
  5. Open an account with Skybet and complete their sign up offer

By following these guides you will learn how to use the software and earn around £45 in profit in under an hour.

Those two sign up offers will pay for 3 months membership, or you can take your profit and run. With over 90 bookmakers available through oddsmonkey. I suggest you sign up ASAP.

Footy Tipster

Author Footy Tipster

A Tipster with years of experience in accumulator betting, with high level education in numerical analysis and performance. This combination of experience and education is used to find value and assess English football. Outcomes and correct scores on Premier League fixtures are a specialty.

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