What is matched betting?
Matched betting is a simple betting technique that enables us to profit from bookmaker’s offers.
The gambling industry is a competitive marketplace and just like any other business, bookmakers run promotional offers in the hope of attracting new customers.
For example, Coral are currently offering new customers £20.00 in free bets if they first bet £5.00. We can use matched betting to make a guaranteed profit.
How does matched betting work?
There are two types of bet involved in matched betting: back bets and lay bets.
A back bet is where we bet that something will happen, like betting that England will win the World Cup. We can place back bets at any bookmaker.
A lay bet is where we bet that something won’t happen, like betting that England won’t win the World Cup. We can only place lay bets at a betting exchange.
By placing both a back bet and a lay bet on England, we can cover all outcomes.
The two bets cancel each other out, meaning we can earn free bets for next to nothing. We then repeat the process with the free bet to extract our profit.
Do we need any previous betting experience?
Matched betting is available to EVERYONE.
It’s just simple maths, so it really doesn’t matter if you’ve never placed a bet before. You don’t even need to like sport!
If you’re new to betting, the following video will get you started with a short explanation of how betting odds work.
How much can we make from matched betting?
There’s over £1,000.00 profit to be made from bookmaker’s welcome offers.
Welcome offers are just a starting point though. The real earning potential comes in the form of existing customer offers, which are run by bookmakers to keep their customers betting.
If you spend approximately 30 minutes a day doing the offers I post on my blog page, a monthly profit of £500.00+ is very achievable.
My Profit Log lists every offer I have ever posted and will give you an idea of how profits can build up over time.
How much do we need to start matched betting?
You can start with a bankroll as small as £50.00, but ideally you want to start with a little more.
The bigger your starting bankroll, the quicker you can move your cash around and the quicker you’ll be able to build your bankroll up. I always say £500.00 is a nice amount to get started.
It’s perfectly fine to start with less though, you’ll just need to focus on the smaller welcome offers until you’ve built your bankroll up.
Is matched betting risk-free?
By matching our bets at a betting exchange, we are able to take advantage of bookmaker’s offers and make guaranteed profits.
Learning the matched betting process is not something that should be rushed though, as mistakes can happen. It’s important that you read my guides carefully and fully understand how it works before you deposit and place any bets.
My advice is to start with a couple of the smaller welcome offers and as your confidence builds, you can then move on to the bigger offers.
Tens of thousands of people are already matched betting in the UK and I’m here to help you get involved.
In my next guide, I’ll take you through a fully worked example of how to complete a welcome offer from start to finish!