Making Money from Free Bets | Profit from Free Bets

Free Bet Offers | Free Bets & Money for UK Bookies

Making Money from Free Bets

There are many different ways to earn money online, with Matched Betting using Free Bets from Online Bookies obviously being our favourite. Even though this method involves Placing Bets online, there's absolutely no risk. The only way something could go wrong is if you misread or don't understand the instructions below. All the Best Online Bookies that we currently feature on 'Free Bet Offers' have a sign-up bonus or Free Bet. Basically matched betting involves backing an event with an Online Bookie, and then laying the same event with the same odds at a Betting Exchange. In doing so, you should qualify for the Free Bet with the Online Bookie you first signed up with. Do exactly the same thing with your Free Bet and you'll end up making a profit!


		PADDYPOWER FREE BET
		PaddyPower match all first bets with a free bet of equal value (max £25). Continue to bet with PaddyPower and you could claim three more £25 free bets - that's a total of £100 in free bets!
		» PaddyPower Free Bet Offer » PaddyPower Bookie Review

Matched Betting Explained
To take advantage of Free Bets you'll usually have to make a qualifying bet first. This is where you'll make a bet at no risk. You'll then be able to do the same with the Free Bet that you'll have just activated - this is where Online Betting Exchanges come in. Exchanges like Betfair allow you to place bets as usual but they also enable you to lay bets. When you lay a bet, you're basically predicting that an event won't happen. You set your own odds (the amount you're prepared to lose), and then other gamblers can decide whether to accept your bet or not. Lets say that you lay Arsenal to win their next match, with odds of 2.0 and a stake of £200, you will be betting against Arsenal winning the match. If someone accepted your lay of £200 with the odds of 2.0, and Arsenal don’t win the match then you'll keep the £200. If Arsenal do win the match, you have to pay out £200 of your own money. Basically Betting Exchanges allow you to act as the Online Bookie enabling you to set your own odds and accept bets from other people.

Matched Betting Example
Lets say we placed a Free Football Bet and that Totesport offer a Free £25 Bet when you join and first bet £25. Next you see odds on Tottenham beating Arsenal at 3/1 at Totesport and you're able to lay Tottenham to beat Arsenal at the same odds (4.0) at a Betting Exchange like Betfair. If you back Tottenham by £25 at Totesport and then lay Tottenham by £25 at Betfair, you won’t lose a penny. Basically if Tottenham win you'll get £100 back at Totesport (£25 returned stake and £75 profit). At Betfair you'll have to pay out £75 (£25 stake and then £50 of your own money) meaning a loss of £75. £75 profit at Totesport cancels out the £75 loss at Betfair. If Tottenham lost or drew, you'd be in the same position but would've lost £25 at Totesport and gained £25 at Betfair.

Now that you've made your first bet at Totesport you'll have activated your Free £25 Bet. Next find another match to bet on, lets say Wigan to beat Portsmouth at 2/1 at Totesport and the same odds (3.0) to lay Wigan beating Portsmouth at Betfair. Back Wigan with the Free £25 Bet from Totesport. Now lay Wigan by £25 at Betfair. If Wigan win, you'll receive £50 from Totesport. You'll then have to pay out £25 at Betfair. This is still an overall profit of £25 from just a few minutes work.