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| Matched Betting Explained |
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Believe it or not there's actually a way to ensure that you Make Money from Free Bets. As Online Bookies compete for each others share of punters there's a never ending supply of Free Bets for new sign ups. You know the sort of thing 'bet £25, receive a free £25 bet' as a bonus when you open a new account. This is great news as, using a technique called 'Matched Betting', it is possible to back and lay the same event in order to win regardless of the outcome. Simply by using one of the Free Bets as your stake money you're able to then lay these bets off to make a risk free profit. Click Here for our step by step guide to guaranteeing you make money from your free bet.
What is Matched Betting?
Many Bookies offer Free Football Bets such as "bet £10 to receive a free £10 bet" as a sign-up bonus when opening a new account - such as Ladbrokes or Betfair. It is possible to use these Free Bets to make easy money with no risk. This is known as Matched Betting, a technique involving backing and laying an event in order to win regardless of the outcome. Matched betting is done using an Online Betting Exchange such as the world famouse BetFair or the slightly less known BetDAQ.
How much money could I make from Matched Betting?
Anywhere from £500 upwards is a typical amount, bearing in mind more cash can also be made from Online Bookies 'refund offers' in addition to the sign-up offer. It all depends on the amount of time taken to match the bets and bonus amounts. There are new Bookies offers all the time, which means more free money.
Can anyone make money from Matched Betting?
Yes. As long as you are over the age of 18, can grasp the basics of Matched Betting and have some spare time to complete the offers
Are there any risks in Matched Betting?
Yes there are. However the only real risk is human error, as long as you take your time when placing bets and double check the bets you place then there should be no risk. Just make sure that you check out the Free Bet Information from each Online Bookie.
Is it legal?
Yes. You are simply taking advantage of introductory offers made by Bookies in the hope that you will continue to place bets with them.
Will online betting affect my credit score?
The majority of online Bookies will not perform a credit check, so the answer is no. Some spreadbetting firms may however perform a credit check so make sure you thoroughly read the terms and conditions of all accounts that you open just to make sure.
What's the difference between a returned and no stake returned free bet?
A stake returned free bet is the same as placing a bet with your own money. The stake (the bet amount) is returned with any winnings. A no stake returned bet means that the stake money (the bet amount is not returned with any winning. The type of Free Bet given by a Bookie will change the way you match a bet out.
What does laying mean?
Laying a bet is when you become the Online Bookie, this happens at a betting exchange and is explained in more details in the guide section of this site.
What is the best sport to use when Matched Betting?
I find football is an easy sport to use, mainly because of my knowledge of the sport. There is also the added advantage of football being a very popular sport for betting which makes it easier to match bet on. Sports with only two outcomes are my next choice, such as tennis, however some of the Online Bookies and Betting Exchanges have different rules which may make things more difficult. |
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