Matched betting is a simple technique that enables us to profit from free bets and bonuses.
Free bets and bonuses are just some of the incentives offered by bookmakers, as they attempt to attract new customers ahead of their competitors.
For example, Coral are offering new customers £20.00 in free bets if they sign up and bet just £5.00.
Does matched betting work?
Matched betting isn’t a new concept. It’s actually been around since 2004. It’s only in recent years though that things have taken off in a big way.
As with all good things, it was only a matter of time before word got around and everyone wanted a piece of the matched betting pie.
Hundreds of thousands of people worldwide have enjoyed being part of the matched betting boom, with interest peaking as recently as January 2019.
You’re probably thinking it all sounds too good to be true. When I started back in 2013, I thought exactly the same.
Matched betting IS NOT a get rich quick scheme. Instead, it’s a genuine way of pocketing some extra cash each month by matching bets and taking advantage of promotions.
If you’ve ever seen Martin Lewis on TV explaining how to take advantage of high street and online shop promotions, this is a similar concept.
How does matched betting work?
Matched betting is simply a process of betting on opposite outcomes.
There are two types of bet involved: back bets and lay bets.
A back bet is a bet that something will happen and we traditionally place these at a bookmaker.
A lay bet is a bet that something won’t happen and we can place these at a betting exchange.
So, using the Coral welcome offer as an example, we could bet £5.00 that England will win at Coral. We can also bet £5.00 that they won’t win at the betting exchange.
How much do I need to start?
You’ll need some funds to start, which is often referred to as your ‘float’ or ‘bankroll’.
A large bankroll isn’t a necessity, but generally the more funds you have available, the more offers you’ll be able to do and the faster you’ll be able to progress.
How much can I make?
If you’re new to all of this and don’t have any online bookmaker accounts already, you’ll be able to make over £1,000.00 profit from all of the bookmaker sign up offers.
If you already have a few bookmaker accounts, that’s not a problem. Beyond the sign up offers, you’ll be able to profit from reload offers.
Reload offers are designed to keep existing customers betting and ‘reloading’ their accounts with funds. Unlike welcome offers where we can only do them once, reload offers occur on a regular basis and enable us to keep the profits rolling in.
I’ve always thought that you very much get out what you put in. If you can commit to around 30-60 minutes each day, a monthly profit of £500.00 is very achievable.
It’s possible to earn even more, but that depends on your bankroll and how much time you’re willing and able to commit.