What is matched betting?
With so many online bookmakers competing for business, they often run promotional offers in the hope of attracting customers.
For example, Coral are currently 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 anything new. It’s actually been around since 2006, but it’s only in recent years 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.
It all sounds too good to be true. That’s exactly what I thought when I first heard about it, but matched betting really is just a straightforward process of matching bets and cashing in on the free bets and bonuses.
You can get involved with as little as £50.00 and build up your bankroll as you complete the welcome offers. Once you’ve completed those, you’ll be ready to tackle the reload offers for existing customers.
I always say a monthly profit of £500.00 is achievable for just a few hours work. It’s possible to earn even more, but it depends on your starting bankroll and how much time you’re able to commit.
How does matched betting work?
Matched betting is simply a process of betting on opposite outcomes.
There are two types of bet involved in matched betting: back bets and lay bets.
A back bet is a bet that something will happen and we can place these at any 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 and £5.00 that they won’t win at the betting exchange.
We’ve covered all outcomes, meaning we cannot lose and we’ve bagged ourselves £20.00 in free bets. We then simply repeat the process using the free bets to extract a cash profit.