Matched Betting Explained – A Simple Guide
In this short guide, we will be taking a closer look at the ever growing and relatively easy and risk free way to make money Online, Matched Betting.
Matched Betting has certainly grown in popularity over the past few years and is now helping make ordinary everyday people large amounts of extra money each year. It is a way to make hundreds, if not thousands of pounds profit on a regular basis completely risk free!
You may already be familiar with the term ‘Matched Betting’ but what is it? What does it involve? And how does someone like yourself make money from it, week in, week out?
In this guide, we will hopefully help shed a little more light on Matched Betting, what it involves and how you can start profiting from this ever growing way to make more money Online, in your spare time. We have also included a number of very useful videos, that explain Matched Betting and will hopefully help you understand the whole process quicker.
What Is Matched Betting
You may already have seen a large number of Bookmakers promoting ‘Welcome offers’ Online, on TV, in the newspapers or other publications. The majority of ‘Welcome Offers’ normally offer you an amount of FREE bets, when you sign up.
For Example: An Offer might be ‘Bet £5 and recieve £20 FREE’.
This simply means, that when you sign up to the Bookmakers and place your first £5 bet, you will automatically receive a further £20 Free bets in return.
Now, you might be thinking that in order to receive your FREE £20 bets, you still have to spend £5 and risk the chance of losing your money betting on an event, right? Well, generally in normal betting, this would be the case and the majority of customers will sign up to just one Bookmaker for the offer and this is why most Bookmaker offer these ‘Welcome Offers’, to entice the customer to sign up. Most customers will use their FREE bets on normal traditional gambling with the Bookmaker, which more often than not, sees the customer lose their money. However, with ‘Matched Betting’ you cover all bases, so whatever the outcome of the event maybe, you will not lose your money! This is simply done by not only using the traditional Bookmaker but also using the services of a Betting Exchange. (more about this later in this guide).
How To Profit From Welcome Offers
There are a large number of Bookmakers offering these ‘Welcome Offers’ and the Savvy customer (you), will not just sign up for one offer but instead, sign up with all the Bookmakers who are offering these ‘Welcome Offers’.
Has the penny dropped yet?
Yes, that’s right, in signing up with all the Bookmakers and receiving there ‘Welcome Offers’, you receive hundreds of pounds worth of FREE bets, which in total equates to hundreds of pounds in cash profit!
You are now probably thinking, “well, what if I am unlucky and lose all my £5 bets and all my £20 Free bets too?” but this is where the term ‘Matched Betting’ comes into play.
How Does Matched Betting Work:
Firstly, you would take your initial £5 and match it by betting on the opposite outcome.
For example: If you bet £5 on Liverpool to win on the Bookmaker Coral, you would then match that bet, betting another £5 on Liverpool not to win. The reason you do this, is by betting on both outcomes you don’t win any money but you don’t lose any money either. However, the really great news is, you will still receive the £20 FREE bet and then with the £20 FREE bet now safely in your Bookmakers accounts, you simply repeat the process of betting on a team to win and also for that very same team not to win. The beauty and added bonus of doing this again, is that the next time you will be using the FREE £20 bets and your next winnings will be paid out to you in cash! Yes, that’s right, in doing this, you will always make a profit completely Risk-Free!
How Much Will You Earn
Obviously, how much you earn will be determined by how many FREE bets you receive and also, how often you place your bets. Based on a basic £20 FREE bet as we have discussed previously, for every £20 FREE bet you place, you will make £15 profit each time. So, as you can imagine, the more FREE bets you place, the more money you will earn.
Place just 20 FREE bets, will make you £300 clear profit Risk-Free!
How Long Does It Take To Do
Well, everyone is different but generally, each ‘Welcome Offer’ on average takes approximately 20 minutes to complete. If you were to sign up to a number of Bookmakers and receive £800 worth of FREE bets you will make approximately £600 profit. This would not only give you a nice little lump sum in your pocket but also a good hourly wage for your time signing up!