What Exactly Is Matched Betting?
If this is a completely new concept to you, then you’ll be pleased to know the process of Matched Betting is fairly straightforward. Another important point to note is that you do not need any experience whatsoever in order to start making money from matched betting.
Matched Betting – Explained
Simply put, matched betting is a way to transform those free bets offered by the bookmakers and turn them into real cash. The betting strategy that is applied is ruled by statistics and maths rather than by actual chance itself, giving you a completely no-risk option for betting.
There are many online betting companies that offer promotions in order to attract the attention of new customers. Almost like a welcome gift. They offer a range of promotions that are typically in one of the below formats.
· First Risk-Free bet (Refund if your first bet loses)
· First bet matched with a Freebet
· First Deposit Bonus
By negating the risks that are commonly associated with gambling, you can guarantee that your money is protected and get a positive result, regardless of the outcome from your initial bet.
Matched Betting has long been a subject for discussion, not just online amongst the betting communities, but in the press as well. Matched betting has been cited as ‘the bet you cannot lose’ in the Telegraph. Even the Guardian addresses the validity of matched betting with an article on the exact same subject, claiming the bookies have finally met their match!
Is Matched Betting Actually Risk-Free?
Matched betting is frequently referred to as a no-risk betting strategy. This is always in comparison with traditional gambling methods or online betting.
When I say this is absolutely risk-free, I mean it.
If you take your time and make sure you understand what you are betting on and against, the process is easy and straightforward. Always double-check everything before placing a bet, including the odds.
Matched betting is completely legal and is a proven strategy that has been tried and tested in abundance over the years. In fact, technically, matched betting is not considered to be gambling. Another plus point is that any winnings from betting are not currently taxable in the UK.
Gambling is a game of chance. With matched betting, you use a strategy and maths rather than depending on Lady Luck.
Step-by-Step Guide to Matched Betting
Rather than placing a single bet with an online bookmaker, you place two. Your first bet will be made with a bookmaker online. Your second will be made with a betting exchange, such as Betfair. Read this step-by-step guide to get a thorough understanding of the process.
All figures and offers are hypothetical and not representative of the current promotions from online betting sites.
Step 1: Find an Offer
I have an extensive range of offers to make it easy for you to locate the best online betting site promotions.
· Offer found: Bet £10 and get £20 back
· In order to get the £20 back, you need to stake £10 of your own money
· This is referred to as a qualifying bet.
Step 2: Place your bet.
This needs to be a bet where you ‘back’ an individual or team to win. For example, you bet that England will win their next football match.
Step 3: Log into your new betting exchange account, and place a ‘lay’ bet.
With matched betting, you match the bet that you placed in step 2 at the betting exchange by betting against that result. Using the example above, this would mean you bet that England will not win their next game. This covers both the loss and the draw.
The bets you have placed will now cover all eventualities, and although you won’t win any money, you will not lose any either because one bet will cancel out the other. However, you have now unlocked the £20 back as part of the offer you found in step 1.
Once the event has occurred, you will then be paid your bonus by the bookmaker.
TIP: With matched betting, you will look to retain around 75% of the value of the free bet. For a £10 bet, this is around £7.50. Now, using the same method you just completed with your qualifying bet, you need to locate and place both the ‘back’ and ‘lay’ bet again.
There is no pre-determined amount you can win from matched betting. However, whatever you do earn is going to be tax-free, and yours to enjoy however you please. Using all of the available sign-up offers listed on my website, there is always more than £1,000 to be earned.