How to Make Money Matched Betting in 2023…
Matched betting is a technique that involves taking advantage of free bets and promotions offered by bookmakers in order to make a guaranteed profit.
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It is a legal way of betting that exploits the differences in odds between different bookmakers and betting exchanges.
To understand how matched betting works, it’s important to first understand the concept of “back” and “lay” betting. Back betting is the traditional way of betting, where you bet on an event to happen (e.g. Manchester City to win a football match). Lay betting is the opposite, where you bet on an event not to happen (e.g. Manchester City not to win a football match). Betting exchanges, such as Betfair, allow you to place lay bets.
In matched betting, you use a back bet with a bookmaker and a lay bet with a betting exchange to cancel out the risk on the back bet. This means that you can take advantage of free bet promotions offered by bookmakers, without the risk of losing money.
Here’s an example of how matched betting works:
- A bookmaker offers a free bet promotion where you bet £10 and get a £30 free bet if your bet loses.
- You place a £10 back bet with the bookmaker on a selection that has low odds of winning (e.g. 2.0).
- You place a £30 lay bet with a betting exchange on the same selection.
- If the selection loses, you will lose your £10 back bet but receive a £30 free bet from the bookmaker.
- You can then use the £30 free bet to place another matched bet and repeat the process, making a guaranteed profit each time.
There are various tools and resources available, such as OddsMonkey, that can help you find free bet promotions and calculate the bets you need to place to ensure a profit.
Now let’s take a look at the pros and cons of matched betting…
Pros:
- Matched betting is a low-risk way of betting that allows you to make a guaranteed profit.
- It is a legal way of betting that does not require any special skills or knowledge of sports.
- It can be a good source of extra income, as you can repeat the process with multiple free bets and promotions.
Cons:
- Matched betting requires time and dedication, as you need to find and take advantage of free bet promotions.
- It may not be suitable for everyone, as it can be complex and requires a certain level of understanding of odds and betting.
- Some bookmakers may limit or close the accounts of users who engage in matched betting, so it’s important to be discreet and not overdo it.
In conclusion, matched betting is a technique that allows you to make a guaranteed profit by taking advantage of free promotions offered by bookmakers. It is a low-risk and legal way of betting that requires time and dedication, but can be a good source of extra income. As with any form of gambling, it’s important to be aware of the risks and to gamble responsibly!