What I’m teaching you here is a completely legal, tried-and-tested method called ‘matched betting’. It basically allows you to turn the tables on the bookmakers to extract their free bet offers.
I’ve used it myself and have never lost any money doing it, but I have taken my time and been very careful to avoid making mistakes.
Do not rush this guide – make sure you understand it 100% before depositing any money, and please ask any questions in our Facebook group if unsure of anything.
I’ll be taking you through the ‘need-to-knows’ then showing you how I made £15 in 20 minutes in a full-blown example.
WHAT IS MATCHED BETTING?
Matched betting is a way of squeezing out the many free bets offered by bookmakers. All the bookies promote these offers (especially during big sporting events) to entice new gamblers to place bets with them.
For example, “bet £25 with us and we’ll give you a £25 free bet!”.
HOW DOES IT WORK?
Firstly, you don’t need to know all the betting terminology if you follow the steps below, but it’s important that you know two types of bet which allow matched betting to work:
A ‘back’ bet
Betting for a certain outcome to come true. Eg. “I bet England will win” is a backing bet. If it comes true, you win the bet and the winnings. If England lose or draw, you lose your stake. You can place a back bet at any bookmaker, such as Paddy Power, William Hill, Ladbrokes etc.
A ‘lay’ bet
Betting against a certain outcome to come true. Eg. “I bet England will not win” is a lay bet. If they lose or draw, you win the bet. You can only place a lay bet at a betting exchange such as Betfair.
Matched betting works by cancelling out the risk on the ‘back’ bet at the online bookies by betting against yourself at the same odds (known as ‘laying’ a bet) which you can do at a betting exchange. In other words, you are ‘matching’ your bet.
Following your first or ‘qualifying’ bet, you will then be awarded the free bet by the bookmaker. This is where the profit is made. Quite simply, you repeat the process: bet using the free bet and then lay the bet. Whatever the result you are guaranteed to make a profit (which I’ll be demonstrating below).
HOW MUCH PROFIT CAN I MAKE?
For each matched bet, you will be left with up to 95% of the free bet amount as profit. This is because betting exchanges usually charge a commission of 5% on winnings. You may also make a very small loss on the qualifying bet due to the minor difference in odds on each website. This is normal, and you will recoup this when you use the free bet.
In the steps below I’ll show you how to profit from a £20 free bet using a real life example. Replicate the same steps across the hundreds of free bet offers each year and you can quickly be looking at £1,000s.
And it’s worth pointing out, earnings from the gambling industry are currently tax-free.
WHAT’S THE RISK?
Anyone can learn how to do matched betting and, in theory, there is no risk involved because you are covering yourself by betting for and against the same event.
However the risk comes when mistakes are made so, once again, you need to double-check everything and follow the steps exactly. On rare occasions free bets do not always come through right away, so just be patient.
Once you’ve understood the process and been successful by following the steps below, you can then continue matched betting at many other online bookies with free bet offers (available in our members area) which can quite quickly land you a lot of money without risk.
It’s also worth knowing that depositing at gambling websites does not affect your credit rating.
YOUR FIRST PROFIT IN 7 STEPS
Note: This is literally a step-by-step, hold-your-hand kind of guide. There’s lots of fragmented information out there on forums etc, which can often result in costly mistakes for novices. On the next page I outline exactly the steps I follow, using the practical example of one free bet with Coral. So long as you follow word for word, you can’t go wrong. I strongly suggest reading through all the steps first before making any bets.