I am getting asked ‘What is matched betting?’ quite frequently and so I thought I would dedicate a whole blog to it. In essence, it’s all about profiting from the FREE bets that are given out by the bookies. But of course there’s more to it than that. Want to find out more? Read on…
What is Matched betting anyway?
Matched betting, no risk betting, bonus blagging? Call it what you will, but it’s all about the same principle – profiting from the free bets that are given by the bookies. Of course, the bookies don’t like it because it means that they are essentially losing money due to matched bettors, so if you get caught you might get gubbed (offers withdrawn) or even get your account banned!
But legally, they still have to pay you your winnings, so once a matched bettor has fleeced one bookie, they will simply move on to the next and repeat. The amazing thing about it is that if you live int he UK, it’s TAX FREE income!
Because…..you ‘won’ it on the footie!
How is Risk Free Betting Possible?
Matched betting is no risk betting. What’s that? You didn’t think that no risk gambling was possible?
Well here’s why it is….
The reason why matched betting works as ‘no risk’ betting is because when you place a bet, you ‘lay’ the bet or bet against on the Exchange such as Betfair Exchange. That means that you will either win on the bookies or on the exchange, but either way, your bet will come in one way or another. You may lose just a few pence depending on how the odds match up.
Now, usually when you place an initial bet with a bookie they offer you a FREE bet! And this is where you cash in. Because you repeat the process of placing a bet and then laying it on the exchange, the ‘winnings’ will appear on one or the other. BUT – and here’s the catch – it’s not winnings from money you put in, but winnings from the bookies free £10 bet and so you end up quids in!
What can you expect to earn from a Free Bet?
When you cash in on the bookies with a free bet, you need to be prepared for not ‘winning’ the whole amount. This is because the odds will often vary slightly between the bookies and the exchange. So here’s what you can expect to get for your FREE bets….
- £5 FREE BET – between around £3-4
- £10 FREE BET – between around £6-8
- £20 FREE BET – around £12-£16
You can see that if you do a lot of these, the money quickly adds up.
Is Matched Betting Legit?
Matched betting is totally legit. It is not illegal in UK, or any other countries that I know of. Although gambling is not allowed in some countries, generally if you are allowed to gamble you are allowed to matched bet. As mentioned before, bookies don’t like it, so it pays to sometimes do a few ‘mug’ bets – I always bet on Liverpool to show I’m a ‘genuine’ gambler haha!
If you want to check out some other legit sources on matched betting, it has been featured on ‘Save the Student’ and also ‘The Guardian’ as genuine ways to make money.
So why isn’t everyone doing it?
I guess that the reason why everyone isn’t doing it is because people are either scared of getting addicted to gambling or they don’t understand the process. Over the years I have seen students do matched betting to get them through university and people using it as a side income to pay for their food shops or mortgage!
As long as you never gamble what you have made ‘for fun’ and always calculate your stakes accurately you can’t go wrong.
How can I get started in Matched Betting?
If you want to get started, but not sure how then I suggest that you sign up for Profit Accumulator and do the first few free offers. Then when you like it (and trust me you will) you can sign up for the paid version. The monthly fee is a tiny percentage of what you can potentially earn!
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