Matched Betting is a term that has been floating around the industry for a while but most people still don’t understand what it is.
To put it simply, matched betting is a process by which you take advantage of the free bonus offers bookmakers offer you by using a system of placing risk free bets. It is completely legal and the bookmakers are aware of it and generally don’t seem to have a problem with it.
The whole idea of matched betting is based on two types of bets, a ‘back’ bet and a ‘lay’ bet. Let’s say the bet is for England to win the next World Cup. If you bet that they will win, that would be a back bet. To bet against England winning would be a lay bet. It’s important to note that a draw is included in England not winning therefore, whatever the result of the match, you win.
It’s important to note that this is not simply a case of betting for the other team to win, that wouldn’t work. You would need to use a betting exchange like Betfair to lay the bet. Now you may lose a little bit at this stage due to the betting exchange charging a commission but you have now done what you need to do to get the bonus and that’s where you make a profit! Tax Free!
There is actually a community out there called Profit Accumulator that walks you through this system step by step. There are people using matched betting to rake in a full time income. Even The Guardian verifies the validity of this method of betting.
While there are tonnes of bonus offers available for joining bookmakers, there are many more offers available so even if you already have accounts with most bookmakers like I did, you can still profit from this system.
This video provides an even simpler explanation of the concept.
Do you think you’re ready for matched betting?
While this is definitely a viable opportunity for you to earn an extra income and it is definitely risk free, it is not to be approached lightly. You will need to take your time to get an understanding of how it all works and be meticulous with double checking the bets you place as it is very easy to make mistakes.
If you are ready for this kind of betting, I would recommend using Profit Accumulator as they give you two free offers to give you a chance to prove to yourself that matched betting works.