Matched betting is a technique that allows you to use free bets and bonuses offered by online bookmakers to make risk-free profits. It does this by using the concept of arbitrage, which involves taking advantage of different odds at different bookmakers in order to ensure a profit regardless of the outcome. In this article, we’ll explore exactly what matched betting is and how it works.
What Is Matched Betting?
Matched betting is a process where you take advantage of the free bet offers that are available from online bookmakers. By having multiple accounts with different bookmaker sites, you can place bets on both sides of an event (backing one team/horse/player and laying another). This ensures that regardless of the outcome, you will receive a profit from the free bets or bonuses that were used to place the original bet. The amount of money that can be made with matched betting depends on the amount available from each bookmaker offer. Generally speaking, most people make around £500-£1,000 per month from matched betting.
How Does Matched Betting Work?
The basics behind matched betting are fairly straightforward. First, you need to find a good offer from an online bookmaker – usually these are in the form of either a ‘risk-free’ bet or bonus money when signing up for an account with them. Once you have found a good offer, you then need to place two separate bets – one backing a certain outcome (the ‘back’ bet) and one laying against it (the ‘lay’ bet). The lay bet should be placed at an exchange such as Betfair or Smarkets so that you can ensure there is no risk involved in your bet because your stake will always be returned if your selection loses or ties.
Once both bets have been placed and settled, any profits are yours to keep! If everything has gone according to plan, then you should have made some money for very little work – however it is important to remember that there is always some risk involved in placing any type of bet so always gamble responsibly!
It is also worth noting that not all offers are equal – some may require more time or effort than others in order for them to be profitable so always do your research before committing yourself to any offer!
Matched betting can be an incredibly powerful tool for making extra income without risking any real money on sports bets. By taking advantage of free bets and bonuses offered by online bookmakers, it is possible to make substantial returns without incurring any losses. As long as users take the time to understand how matched betting works and take precautions when placing their bets, they can enjoy consistent returns without having to worry about any risks associated with traditional sports gambling. With so many opportunities available nowadays, anyone interested in earning extra cash should consider giving matched betting a try!
