What is IT? – Matched Betting Guide
Welcome to this Matched Betting Guide. If you have any questions as to how this system works, and whether you are able to make money from it, then carry on reading.
These days all major bookmakers offer generous bonuses to lure in new prospects. There is a way for the customers to cash in on these without putting any of their own money at risk, and that is where matched betting comes into its own.
Bookmakers will not give you any bonuses before you actually place a bet with them. In most cases the amount of bonus given will be equal to your initial stake (up to a certain maximum).
Assume that you were to place a bet on Barcelona to win a football game. The bookmaker will pay out if Barcelona wins, but you would like to cover the other two potential outcomes for this fixture, by laying (this is not as much fun as it sounds) Barce using a betting exchange, like Betfair. This means that if the game ends in a draw, or the opponent wins, then your bet is covered. Assuming that the odds at the bookmaker and betting exchange are similar, then the two bets, in effect, will cancel each other out.
So How Can You Expect to Make Money Then?
By placing these seemingly useless bets, you have qualified to receive the bonus without ever risking any of your funds. Your account is credited with money in form of a free bet. The only problem is that bookmakers will not allow you to withdraw this money right away.
You can place a bet with your free money and hope it wins, or you can guarantee the returns by using the betting exchange as per the above example. Once this second match or game has been settled, you will then be able to walk away with your winnings, irrespective of the result.
Once you’ve done matched betting at one bookmaker, you can simply move onto the next. There are dozens of good sign-up offers out there, so the profit potential of matched betting is huge. That is where the products providers that I recommend in this website come into their own. They will help you find good offers and teach you how to take advantage of these, with very little effort.
Even if you are a complete newbie, these steps are easy to follow, especially once you have managed to run through the process once or twice. Plus, you do not need to be a sports fan, as the result of the matches or horse races are irrelevant.
Conclusion – Matched betting guide
Matched Betting really should be seen as a genuine way to make money. It is incredibly easy to get up-and-running and you should be making money within 48 hours. If you are new to this, and want to test the water, I would check out Profit Accumulator or Bonus Bagging. The former you can access for FREE, the later for just one quid. You really have nothing to lose in both cases.
Anyway, thanks for stopping by.
All the best.