Matched Betting Explained

The majority of the greatest internet sportsbooks offer lucrative bonuses to each of their new players. You just have to register with the sportsbook, make a deposit and place your first bet, and the bookie will give you free money. Such offers, if effectively made use of, can provide a considerable advantage to the gambler. Yet the question of how to use free bets without the risk of losing funds remains. Luckily, matched betting may be used to make use of such offers with no risk whatsoever!

Bookmakers will not give you any free bets before you place a bet with them. Bookmakers often match the amount of the bonus to the amount of your initial bet. That, nevertheless, does not mean that you have to risk money when betting to qualify for the bonus, because matched betting allows you to cancel out this bet in Betfair.

How is that possible? Let me give you a quick example.

Let’s say that you were to place a bet on FC Real Madrid to win a football match. That bet will win if Real Madrid beats their oponent, but it will lose if Real fails to beat their oponent. Now let’s say that you visit a betting exchange as well and lay Real Madrid. This bet will gain money if Real loses, whereas it will lose if Madrid beats their opponent. These bets, if placed at the same time, will cancel each other out, rendering a non-loss situation.

OK, but why would I do that? I cannot win anything this way, can I?…

By placing the two seemingly ineffectual bets, you can now obtain your bonus from the bookie without ever having to risk with your money. At this point, you have essentially earned yourself revenue in the form of a bookmaker’s bonus.

Unfortunately sportsbooks do not let you get the bonus right away. Betting with the free bet is mandatory before making any withdrawals. You can bet with your free bet and hope that it wins. It is a reasonable option since you cannot lose anything because you are betting with the free bet, but if you do get lucky, you could win a lot of money.

Luckily, there is a better alternative of how to take advanatge of bookmaker’s free bets. If you do matched betting once again and place bets with both the sportsbook and betting exchange, you can convert the bonus into a risk-free profit regardless of which team or horse is more successful! It’s a lot more profitable stategy to take advanatge of your free bets and this way your income is more consistent and more predictable.

Once you have done matched betting at one sportsbook, you can simply switch to another one. There are dozens if not hundreds of great free bet offers out there, so the return potential of matched betting is simply enormous.

By: John Seicky

Matched betting is surely a very lucrative way to make money that can provide you a consistent income from betting. Yet matched betting can be a little complicated, specially in case you have no previous experience with it. To learn more, download my free matched betting guide which discusses everything you must know to regularly make money from matched betting.

Tags: Betting, Explained, Matched