Make money online with Matched Betting

Matched Betting

What is Matched Betting?

Matched Betting is the process of taking advantage of online bookmakers free bet opportunities, by securing a guaranteed profit no matter the outcome of a sporting event.

Many people think this cannot be true, and until I thoroughly read how to match bet and then did the maths myself, I too was a non believer. But first of all I am not going to tell you that you can live off match betting, because you cannot. It is a very effective way of making 800-1000 pounds once, with very little effort, but you can pretty much only do it once, because Match Betting takes advantage of the online bookies free bet offers, and in most cases these free bet offers are only available for a brand new customer.

So how do you Match Bet?

I recommend you take your time when reading this, and make sure you thoroughly understand the concept, it is a relatively simple concept but one that does require thought if you are new to it. Once you have understood it please visit the Free Bet Offers page via the link at the top of this section to sign find the best free bet offers and also the betting exchange sign up link.

When making a bet, you put a stake, the amount you want to bet, on the outcome of a sporting event at certain odds. For example, in a football match, if you were to place £ 5 on Team A winning the football match at 4/1 (5.0 in decimal odds) you would win £ 25 (your stake of £ 5 plus the winnings of £ 20), if you lose the bet the bookmaker would keep your £ 5 and you would end up with nothing.

Using the same example, if you are the bookmaker offering the same odds for the same outcome to someone, if the bet loses you keep their £ 5, however if the bet wins you have to give them £ 25 (£ 5 of their money back, plus £ 20 of your money). This is known as 'laying' a bet and is something made possible to us using a betting exchange.

Now if you were to place the bet above with a bookmaker and then lay the same bet at the same odds using a betting exchange, whatever the outcome of the match you would not lose any money, the bets would cancel each other out. you amy be thinking what is the point in that? Well do not worry it make sense soon!

With football there are two possible outcomes. Below are both outcomes of placing the above bet/lay (matched bet):

Qualifying bet
Team A wins
You win £ 25 (your stake of £ 5 plus the winnings of £ 20).
Your 'lay' bet loses (with the betting exchange) meaning you lose £ 10.
Therefore you would be left with the following £ 25 - £ 5 (stake) - £ 20 ('lay' bet) = £ 0

Team A does not win (loses or draw's match)
You lose £ 5 (your stake)
Your 'lay' bet wins (with the betting exchange) meaning you win £ 5
Therefore you would be left with the following £ 5 ('lay' bet) - £ 5 (stake) = £ 0
So by placing your bet and 'lay' you neither win nor lose any money.

Now lets look at the same scenario as above but with a bookies free £ 10 bet

Free bookie bet
Team A wins
You use the free bet of £ 5 at 4/1 (5.0). You win £ 25 without risking your own money on the stake.
Your 'lay' bet loses (with the betting exchange) meaning you lose £ 20.
Therefore you would be left with the following £ 25 - £ 20 ('lay' bet) = £ 5 profit

Team A does not win (loses or draw's match)
You use the free bet of £ 5 at 4/1 (5.0). You lose the £ 5 free bet.
Your 'lay' bet wins (with the betting exchange) meaning you win £ 5
Therefore you would be left with the following £ 5 ('lay' bet) = £ 5 profit

The above example is with a small amount of money, bookies offer upto £ 50 free bet on the first deposit, which equates to fifty pounds guaranteed profit.

This means you can place a qualifying bet as above with a bookie with no risk whatsoever, in return you will be given a free opening account bet which if used in the second example will generate a guaranteed £ 5 profit. Once you get the hang of matched betting this can be done many times for each of the bookies with opening offers.

Things however are not quite as simple as the example above. Betting exchanges charge commission on winnings made at the exchange (usually 5%), also it is fairly difficult to 'lay' bets at the same odds as the bookies, there is always a small difference. Taking these factors into account it is still possible to make 95% profit on the free bet without much difficulty and without any risk.

Step by Step process
Once you understand the above examples its time to follow the below step by step guide and place your first matched bet.

Step 1
Find a bookie with a free bet (use the list below of free bets to do this).

Step 2
Open an account and read the terms and conditions to determine the type of free bet and the conditions of using it, some bookies have stake returned bets other may require the free bet to be placed on a particular sport for example. If you are unsure then email customer service and ask what the conditions of the free bet are.

Step 3
Open a betting exchange account with Betfair, they also give you a free bet of £ 20 for even more profit.

Step 4
Use the Match Betting Calculator, to work out the amount you need to lay and bet

Step 5
You now need to find a good match to use for the qualifying bet, the aim being to place a back bet that has the closest 'lay' odds at the betting exchange. This will produce the lowest loss in the qualifying bet. Enter the bet odds and 'lay' odds into the calculator to obtain the loss you would make on the qualifying bet, play around with the calculator so that you can understand how it works. You will need to look at the amount below the lay odds at the exchange, this is the amount available to lay and should always be more than the bet you are placing.

Step 6
The next step is to deposit money at the bookie and deposit money at the betting exchange which is more than the lay risk liability amount in the calculator.

Step 7
Once you have money in both accounts you now need to place the bet. Take time when doing this until you get the hang of it in order to reduce the risk of making a mistake. First place the bet at the bookie double checking you have put the right odds into the calculator. Then click on the lay odds at the betting exchange and place the amount in the lay stake cell of the spreadsheet into the betting exchange lay box (the risk should match that of the calculator). Both the bet and the 'lay' bet have now been placed.

Step 8
Repeat the process detailed above using the free bet to extract the free bet money. That's the process complete and the free bet has been extracted. Now all that's left is to repeat the process to extract another bookies free bet bonus!

Tips and Advice
Below I have listed some tips/advice that you may find useful.

Why choose football?
Football is an easy market to choose when placing matched bets, this is because the rules are easy to understand and also there is a lot more money available to 'lay' at the betting exchange.

What are the best markets for qualifying bets?
The best markets to choose when placing a qualifying bet are:
Win-Draw-Win
Under/Over 2.5 Goals
Half Time Result
First team to score
The reason for choosing the above are that they usually contain fairly low odds and usually attract the most money making it easier to 'lay' at the betting exchange.

Why use decimal odds?
Decimal odds are easier to work with as they include the stake money in any return, therefore meaning they are easier to calculate with.

Stake not returned bets
Some bookies offer free bets where the stake is not returned. The key to extracting the free bet is to place a bet and 'lay' at slightly higher odds than the qualifying bet (above 4.0 decimal).

Now you know how to match bet, visit the Free Bet Offers page to sign up to the betting exchange and to find the best free bets offered by bookies.

Truly Quick Cash

If you have never heard of Match Betting, then you must go to the Match Betting page to learn for free how to get guaranteed profits by taking advantage of Free Bets offered by bookies. It truly is guaranteed cash.

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