Matched Betting Forum
Welcome to Matched Betting Forum.co.uk This site aims to give you a complete overview of matched betting and how you can make a nice second income using a little known loophole in the UK betting industry. Generally the technique of matched betting is to take advantage of the numerous free bets offered by online bookmakers and casino sites, along with any Betting Exchange account, to turn an overall risk free profit no matter if your free bet wins or loses. This opportunity is made entirely possible because all lucrative bookmaker bonuses offered to every new customer. This is in the form of a free bet provided upon registration. In addition the companies offer weekly, monthly and plenty of other free bets and reload bonuses.
In order do this system you’ll need an account with at least one betting exchange e.g Matchbook or Betfair Exchange to place your lay bets (where you bet against a team or horse winning) and a Free Bet offer with any bookmaker, to place the back bet.
Matched Betting Guide
So what on earth is matched betting?
In the following Matched betting guide, we’ll describe an amazing way utilizing bonus or free bets to make guaranteed money from virtually any online bookmaker. Pretty much all the bookies promote free bet bonus promotions, especially during any major racing or other sporting event. They do this to entice new members to place a wager.
Here is a typical example of an offer for new players, “place a £25 with us and we’ll match you with a £25 free bet!”.
How does matched betting work?
In essence Match betting involves you taking advantage of free bets by placing a wager with two different gaming sites. For example, on the first site you’ll use your deposit (actual money) to place your qualifying or lay bet, and then onteh second site you use the free bet (so you betting against your initial bet, to cover all outcomes), this basically converts the free bet into real money you can withdraw.
So that gives you broad picture of what is involved but before you get started you’ll need to understand the lingo to make sure you don’t mess up and so that you know exactly what to do.
There are two main types of bet that you need to place:
Firstly there is the ‘back’ bet
Betting for a certain outcome to come true. Eg. “I bet Red Rum will win the grand national” is a back bet. If the outcome of the race turns out to be be what you “backed”, then you win the bet. If Red Rum doesn’t win the race then, you lose your bet. You can place a back bet at any bookmaker, such as Paddy Power, William Hill, Ladbrokes etc.
A ‘lay’ bet
Betting against a certain outcome to come true. Eg. “I bet Red Rum will not win” is a lay bet. If any other horse should win the race then, you win the bet. You can only place a lay bet at a betting exchange such as Betfair.
So this is how matched betting works! You place a back bet AND a lay bet, thus covering ALL outcomes of a race, football match, game of golf.. or whatever. The sporting event is irrelevant you can bet on anything as long as you cover all outcomes (one with a real bet and one with the free bet. It is important to choose bets with close odds, though, then you maximize your profits!
Matched betting is risk free because you are cancelling out the risk on the ‘back’ bet at the bookmakers by betting against yourself at the same odds (know as ‘laying’ a bet) which you can do at a betting exchange. In other words, you are ‘matching’ your bet.
This is how ALL profit is made. Quite simply, you repeat the process: bet using the free bet and then lay the bet. Whatever the result you are guaranteed to make a profit.
How much profit can you make with matched betting?
For each matched bet, you will be left with up to 95-98% of the free bet amount as profit. This is because betting exchanges usually charge a commission of 3-5% on winnings.
Is there any risk involved?
It’s normal to make a very small loss on the qualifying bet due to the minor difference in odds on each website. This is acceptable though, as you will recoup this when you use the free bet. Most people can make thousands of pounds in as little as 3-6 weeks using the Profit Accumulator teachings. The best resource is the membership area there are lots of tutorial videos that teach you exactly what to do. Not to mention, about £3500 in sign up bonus offers.
Plus ALL earnings from the gambling industry in the UK are currently tax-free!
Matched betting has been mentioned on some pretty major websites as a legitimate way of making an additional income. It has been featured by Martin Lewis on MoneySavingExpert.com and has also been published in the Guardian and the Telegraph, to name a few.
It’s vital to know what you are doing though, when matched betting, or it could lead to costly mistakes. The best way to learn the ‘in’s and outs’ of the process is to join the UK’s fastest growing matched betting membership training site Profit Accumulator.