We’re all looking for a way to make money from bookmakers and hopefully, some of our tipsters have been helping you do just that. However, did you know that there is a way to make money no matter if your bets win OR lose?
Well there is and it’s called Matched Betting.
You may have heard about matched betting or even done it before in the past. Matched betting has evolved enormously over the past few years due to its popularity and the different promotions bookmakers run.
What is Matched Betting?
Put simply, matched betting is a mathematically proven method of making a profit from free bets, bonuses & promotions offered by bookmakers.
Nearly every single online bookmaker (and there are a lot of them!) offer new customers free bets or something similar for signing up and placing their first bet. It’s great for customers as they get free bets and it’s great for bookmakers as they get a new customer.
Usually, a punter would sign up to a bookmaker, place a bet and hope that it wins. They’d then receive a free bet for doing so and place that on something else and again, hope that it wins. The punter may get lucky and win both bets but they could also lose both bets which would leave them down overall. However, with matched betting, it doesn’t matter if your bets win or lose and you’ll know exactly how much profit you will make before the game has kicked off or the race has started!
How Does Matched Betting Work?
It all sounds too good to be true, right? Well, it isn’t and hopefully you’ll understand how by the end of this article.
Matched betting works by covering ALL outcomes. Usually, if you did this, you wouldn’t be able to make a profit but as you are receiving a free bet for placing a bet, you can factor this value into your calculations when determining what stakes to use and as such, you are able to make a profit on every single outcome.
Let’s say that a bookmaker was offering customers a £20 Free Bet when placing a £20 bet with their own money. Typically, there are two steps involved in making a profit from a free bet offer.
1. The Qualifying Bet
2. The Free Bet
In each of these two steps, you need to back a selection with the bookmaker and lay the same selection on a betting exchange such as Betfair Exchange, Smarkets or Matchbook.
Lay Bets - Lay bets can be placed on a betting exchange and are when you are betting AGAINST something. For example, you may back Man Utd to beat Liverpool with a bookmaker and if they win, you get paid. If you LAY Man Utd on the betting exchange, you will get paid if they DON’T win ie. they lose or the match ends in a draw.
By backing a selection with the bookmaker and laying the selection on a betting exchange, you will have covered all outcomes.
STEP 1: The Qualifying Bet
The aim of this step is to simply qualify for the free bet. We won’t make a profit from this step and will likely make a very small loss. Don’t worry though, the profit comes from the free bet in the next step.
Let’s take the example above where the bookmaker is offering you a £20 free bet if you place a £20 bet with your own money. Also, let’s say that the back odds for Man Utd to beat Liverpool with the bookmaker are evens (2.0) and the lay odds on the exchange are 2.01.
We would then place our £20 back bet on Man Utd with the bookmaker and now need to lay our bet on the betting exchange. To determine what the ideal lay stakes are, we need to use a matched betting calculator like the one found at MatchedBets.com.
As you can see from the image above, after entering our bet details into the matched betting calculator, if we placed a back bet of £20 on Man Utd to win with the bookmaker, we would need to place a £20.10 lay stake on Man Utd on the betting exchange. By doing so, we will make a £0.30 loss whether Man Utd win, lose or draw.
However, as we’ve now placed a £20 bet using our own money, we will receive a £20 free bet and it’s only cost us £0.30!
STEP 2: The Free Bet
Now that we have received a £20 free bet, we need to repeat the process above but instead of using our own money for the back bet with the bookmaker, we will be using the free bet we have been given.
Again, we will use the matched betting calculator to work out our lay stakes. This time, we will set the calculator to ‘Free Bet Mode’ so that it will know that we are using a free bet and not our own money.
Let’s say we place our £20 Free Bet on West Ham to beat Arsenal and that the bookmaker back odds on West Ham to win are 6.0 and the lay odds on the betting exchange are 6.1. We now put these details into the calculator to determine our lay stakes.
From the image above, we can see that if we placed our £20 Free Bet on West Ham to win with the bookmaker and placed a £16.45 lay bet on West Ham with the betting exchange, we would make £16.10 profit if West Ham won and £16.12 profit if they drew or lost.
Now let’s total up our profits and losses...
Qualifying bet: -£0.30
Free bet: +£16.10
TOTAL PROFIT: £15.80!
There you have it. £15.80 profit from just one bookmaker free bet offer and we knew how much profit we would make before either game had even kicked off!
MatchedBets.com
There are HUNDREDS of these free bet offers available from various bookmakers. It would take you a long time to find them all manually but sites like MatchedBets.com have done all of the work for you.
On MatchedBets.com you’ll find 60+ new customer offers worth over £1,000, each with step-by-step guides on how to profit from every one of them. MatchedBets.com is also updated every single morning with new offers from bookmakers from which it’s possible to make a profit from. These offers are for customers who already have already claimed the new customer offers or have existing accounts with the bookmakers.
As a member of MatchedBets, you’ll not only get access to hundreds of profitable offers but you’ll also have access to all of their user-friendly matched betting tools such as their matched betting calculator to help calculate your lay stakes. Their OddsMatcher which finds the best events to place your bets on based on the bookmaker back odds and the exchange lay odds. Their AccaBacker tool which makes profiting from ACCA Insurance offers a breeze + much MUCH more!
Try MatchedBets for 14 Days for just £1
If you want to give matched betting a go or simply would like to learn more about what MatchedBets.com have to offer, you can sign up today for 14 days just £1. You can cancel at any time and they even offer customers a 30 day money back guarantee if they don’t profit from their service.
For £1 this is an absolute steal. 14 days should be enough to get to grips with matched betting and complete a handful of bookmaker offers. Even if you complete just 5 offers during your 14 day trial, you could make over £100 profit!