What Is Matched Betting?
So today we are going to look a Matched betting, it’s fun, and while it’s a little off the topic here I just wanted to share this great way of making a little extra cash.
Matched betting is a way to make money through betting without any gambling involved. It is a risk-free approach, and it is completely legal. is a way to make money through betting without any gambling involved. It is a risk-free approach, and it is completely legal. You will see matched betting featured in a number of trusted publications, from the Guardian to Save the Student, and this is because it is a tried-and-tested method that delivers real results. So, why isn’t everyone doing it? Well, there are two reasons. The first: they don’t know about. The second: they don’t understand it. By the end of this article, we will have climbed those two hurdles together.
So, what actually is matched betting?
Matched betting is a process that involves guaranteeing profit from the free bonuses and bets offered by bookmakers. This is something that all bookmakers offer nowadays, from welcome bonuses for new customers to loyalty bonuses for existing customers. They do this to entice people to spend their money, but you can use these deals to guarantee a profit. By this point, you may be thinking: “I know nothing about betting.” You don’t need to! Matched betting does not involve gambling; you don’t need to know anything about football nor do you need to read the racing cards before placing a bet.
The basics of matched betting
Now you know what matched betting is, let’s take a look at the mechanics behind it. Matched betting involves two kinds of bets:
- Back bet
- Lay bet
A back bet is one that is placed at a traditional bookmaker, for example, William Hill or Coral. You will bet FOR something to happen. “I bet that Manchester City WILL beat Manchester United.”
A lay bet is placed at an exchange, for example, Smarkets or Betfair Exchange. You will bet AGAINST something happening. “I bet that Manchester City WILL NOT beat Manchester United.”
If you place both of these bets, all outcomes are covered. Now, if you were to use your own money, you wouldn’t lose anything, nor would you make anything. Both bets would cancel one and other out.
This is where the free bets come into place. When you have a free bet from a bookmaker, and you use the free bet for the back bet, and your own money for the lay bet, you can guarantee a profit no matter the outcome. In most cases, you will end up with around 70 – 90 per cent of the free bet amount as profit. So, if you have been given a free bet worth £20, you can expect to secure between £14-18 profit. This may not seem like a lot on the surface, but when you consider the number of bookmakers in the UK, combined with the number of regular free bet offers, you see the truth potential. Most people make a profit of at least £500 per month.
It is a lot easier than it sounds…
Of course, this seems like an awful lot to take in. It’s a lot easier than it sounds, as there are matched betting services available. These companies have the software, which cleverly tells you exactly where to place your bets and how much money to place, as well as the profit you will make. It is like having someone to hold your hand through it all, and once you place your first few bets, you will really start to get the hang of things.
As you spend more time matched betting, you will be able to learn advanced techniques, such as dutching and using an each way calculator to profit on horse races with big fields. This gives you great potential to increase your profits even further.