Matched betting is the process of turning a bookmaker’s free bets into risk-free cash that can be withdrawn to your bank account.
Bookmakers entice punters into registering and placing bets with them by running special offers such as ‘register and get a £50 free bet’. Matched betting is the concept of using maths and a few basic calculations to turn that £50 into withdrawable cash without risking a penny of your own money.
Isn’t It Just Gambling?
No. Gambling involves placing your money on the outcome of an event, in the hope that it will win and return a profit. Matched betting does not involve hope – as we cover all possible outcomes of a sporting event to guarantee a profit.
Here’s a small example. If England were playing Germany in the world cup, an average gambler might place money on Germany to win. If the match finishes a draw or an England win, the average gambler would lose whatever money it was that they placed on the Germany win.
However, with matched betting, we would be covering the draw, England win and Germany win in order to guarantee profit regardless of the outcome.
Sound good? Keep reading.
What Are The Dangers? Are There Any Risks Involved?
The beauty of this whole concept is that it is risk-free. There’s no sat waiting for a late match-winning goal or screaming at the television. With matched betting, we generally don’t care about the outcome of a sporting event, as regardless of the result we make a profit anyway.
Providing the bets are placed at good odds and all the right calculations have been made, there is no risk or dangers whatsoever. It might sound too good to be true to you, but trust me, this works and can make you a lot of money. Matched betting has been around for years – however, people are too naive to believe it actually works. Those that did entertain the concept like myself are thousands of pounds richer and couldn’t be happier.
Is It Legal Or Too Good To Be True?
Aside from the people who think its too good to be true, there’re several people who seem to think this must be fraud or illegal somehow. These people are very wrong. Bookies have been running promotions, offers and rewards for years – both online and in the high street. Nowhere in the law does it state that using these offers t guarantee a profit is illegal. People in the United Kingdom and Ireland have been doing it for years now.
Just to clarify my point further, a spokesperson for William Hill – notably one of the largest bookmakers around – has said they have absolutely no problem with customers using matched betting in relation to their promotional offers.
Where Do You Learn How To Start Matched Betting?
Read our beginners’ guide to matched betting to get started or click the link below and join the matched betting training site [free trial] which teaches you for free how to get started.
Is matched betting sustainable?
One of the common misconceptions about matched betting is that it’s not sustainable long-term. Many people believe that matched betting can only be done using bookmaker sign-up offers.
It’s true that working your way through as many sign-up offers as possible is how most people start but, after that, there’s still money to be made.
Many matched bettors have years of experience and still comfortably earn more than £1,000-a-month.
Matched betting is sustainable for a few reasons – mainly that bookmakers keep dishing out the promotions. They want customers to keep gambling, so existing customers get access to free bets, bonuses and other incentives, which can be used to generate profits from matched betting.
On top of these, there are advance matched betting methods such as football accumulator refunds, horse racing refunds and price boosts that you can learn as you get more familiar with matched betting.