How can matched betting work?
Firstly, you don’t have to know all of the gaming vocabulary should you follow the steps below, but it’s important that you understand two types of bet that allow matched gaming to work:
A’back’ wager
Betting for a certain result to come true. Eg. “I bet England will win” is a backing wager. If it comes true, you win the wager and the winnings. If England draw or lose, you lose your stake. It is possible to place a back wager at any given bookmaker, such as Paddy Power, William Hill, Ladbrokes etc..
A’lay’ wager
Betting against a specific outcome to come true. Eg. “I bet England will not win” is a lay bet. Should they lose or draw, you win the wager. You may just put a set bet at a gaming market such as Betfair.
Matched gambling works by chance out the risk on the’back’ bet in the internet bookies by betting against yourself at the very same odds (know as’laying’ a bet) which you can perform in a betting exchange. To put it differently, you are’matching’ your bet.
Smiley_faceFollowing your initial or’qualifying’ wager, you will then be awarded the free wager by the bookmaker. This is the point where the profit is made. Quite simply, you repeat the procedure: wager using the free bet and then put the wager. No matter the result you are guaranteed to make a profit (which I’ll be displaying below).
How much profit can I make?
For every matched wager, you will be left with up to 95% of this free bet amount as gain. That is because betting exchanges usually charge a commission of 5% on winnings. You may also make a very small reduction on the qualifying wager as a result of minor difference in chances on each website. That is normal, and you’ll recover this once you utilize the free wager.
Poundsign_shakyIn the measures below I’ll demonstrate how to gain from a 20 free bet using a real-life example. Replicate the same steps across the hundreds of free bet offers annually and you can quickly be looking at #1,000s.
And it is worth pointing out, earnings from the gambling industry are currently tax-free.
What is the risk?
Question_markAnyone can discover how to perform matched gambling and, in theory, there’s no risk involved since you are covering yourself by betting for and against the exact same event.
However the risk comes when mistakes are made so, once more, you need to double-check everything and follow the steps exactly. On infrequent occasions free bets do not always come through immediately, so just be patient.
As soon as you’ve understood the procedure and been successful by following the steps below, you can then continue matched betting at a number of other online bookies with free bet offers (see my dining table end) which can quite quickly land you a lot of money without danger.