Matched Betting is an arbitrage way of making money from the free bets that bookmakers offer you (the sort you get when you open a new account).
For example, if a bookmaker is offering you a £20 free matched bet when you join them, you would use the matched betting technique to make yourself a profit of around £12 to £13.
Regular gamblers will probably understand the technique, but if you’re new to the game this is a brief example of how the system works…….
•A bookmaker is offering you a £20 free bet when you join
•Join the bookmaker and deposit £20
•To get the £20 free bet, you usually need to place a £20 qualifying bet
•Place your qualifying bet on Leicester City to beat Watford at Even money
•You then need to place a lay bet of Leicester on a betting exchange to make sure you don’t lose your £20 on Leicester (basically, this is a bet on Leicester to win, or the match to end in a draw. This covers all three outcomes, meaning you can’t lose)
•The match finishes, you get your £20 back (no matter who wins), and you now have a £20 free bet to use
•Place your £20 free bet on Leicester to beat Crystal Palace at Even money
•Lay Leicester on a betting exchange for £10 at Even money
•If Leicester win again, you get £20 back from the bookie, and lose £10 on the betting exchange
•If the outcome is that Leicester lose or draw, you will get nothing back from the bookie. You also don’t lose anything, as it was your free bet that lost with the bookie, – but you will win £10.00 on the betting exchange
•This gives means you leave the trade with a £10 profit no matter what happens – you have just made your first £10.00 from matched betting
It’s not as complicated as it may sound, it really isn’t. Understanding how matched betting works is essential if you want to make risk free money from bookmakers.
There are subscription services like Bonus Bagging, Profit Maximiser, Pure Profit and Profit Accumulator. They all deal with matched betting, and they walk you through the process for a price. You can do all this yourself for free, but if you are unsure, one of those processes can show you how to do it.
This is why you need to master matched betting. For example, the Accumulator Generator system makes money from free bets offered from acca insurance (money back if you miss by one) offers. So in order to make money from this betting system, you would need to be able to master matched betting, as it using this method to cash in the free bets that actually makes the risk free money.