This introductory post will explain what matched betting is, and how we never risk losing a bet, and how we guarantee making profit every time.
Matched betting is a simple concept that is all about taking advantage of promotional offers from bookies to 100% guarantee making a profit.
Bookies offer out promotional incentives all of the time, to attract new punters, to retain their punters, and to get their punters to bet on a wider array of sports and bet types. Matched betting takes a simple strategy to these offers that takes away the risk of losing a bet, and ensures that the free bets that the bookies offer turn in to a boost to your bank balance.
The reason we never risk losing a bet is because we bet on every outcome in a game. So if it is a football match between England and Russia for example, we bet on England with the bookie to qualify us for their promotional offer, and we also bet on the match being a draw and bet on Russia, so that no matter what the outcome is, one of our bets will win and we will recoup all of our money.
So from betting on England VS Russia we will not make a profit, and we will also not lose money. The point of this is to qualify for the free bet on offer. And we take the same approach again to guarantee that we make a profit from the free bet.
If we have a game which is at odds of 3 for the home team, 3 for the away team, and 3 for the draw (odds of 3 is the decimal way of saying the odds are 2/1). For simplicity lets say we bet £10 on each of the 3 possible outcomes. Whichever bet wins will return £30, which is the same amount we have bet on the 3 outcomes. But if one of those three £10 bets was a free bet, we have only risked £20 of out own money and have £30 returned to us.
Bookies offers vary greatly... There are many free bets of all sizes on offer, from as little as £2 or £5 free bets, even up to a massive £200 free bet. By doing each and every offer available to us, we make small and regular profits which add up to a decent income. To earn £1000 a month is quite common. Some people make more, and those who have less time or a smaller bank balance to work with make less.
Think of it in terms of a full time job. £10 is not a lot of money. But £10 an hour over a month you take home over £1000 after tax from a full time job. The small and regular profits from matched betting add up. The more offers you do the more money you make. Big and small, do them all.
The real life ups and down of matched betting are straight forward. If you have very little time to put in to this, you will not earn as much money as someone who puts in an hour or two a day. The amount of money you have in the bank will also be an enabler for matched betting as you need money to cover all outcomes of a bet to ensure you never risk losing. If you have £100 to start with you will earn money much slower. If you have in excess of £1000 then you can hit it hard from day one and turn over decent profits from the very first month. Personally I made over £1000 in my first month and I put in around £1500 to allow me to do more offers at the same time, instead of waiting for offers to finish and the money to come back to my bank before attempting the next offer.
One thing any seasoned matched better will have noticed is that my example above of betting £10 on each of the three outcomes will return £30 is not completely accurate. 'The bookie always wins' is a common phrase and for a good reason. Their odds are always short. If a game was a completely even match, the fair odds would be 3, 3 and 3. but if you look at a bookies odds they will more likely be 2.8, 2.9, 2.8. So you will never get your full money back. Typically you will lose 3-5% of your stake, and we refer to this as a 'qualifying loss'. So if for example you need to bet £10 to get a £10 free bet, you would expect to lose 50p in the process. In essence, you are buying a £10 free bet for 50p.
There are various different types of offers, and bookies with different terms of how to qualify for free bets and how you can use free bets. Some are really straight forward and some take a little more practice to get the hang of. We will take you through them all, starting with the easy, and progressively tackle the more difficult, learning as you go.
My number one piece of advice, especially to begin with, is to take your time, do not rush anything, and double check before you place your bets. If you make mistakes then your money is potentially at risk. If you are unsure then ask questions. Everyone doing matched betting has been in that boat. It takes time to really understand matched betting to the point where you really understand the mathematics of how it all works and doing the offers becomes 2nd nature.
We will provide you with all of the offers that are worth you doing, saving you hours of searching the dozens of bookies looking for them yourself, and also provide the tools to help you do them quickly and easily.
Move on to the first welcome offer and let's begin the learning, making money as we go.
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