DISCLAIMER: since this method requires you to signup to Betting websites, you must be atleast 18 in order to perform it!
The method is not mine, I've found it, but in the past I've already experienced some Matched Betting and made a good amount of money with it, when I found this guide I thought it would've been worth of being posted. I've rechecked the whole guide and added a few takes of mine based on my past experience.
WHAT IS MATCHED BETTING?
Matched Betting is a mathematical technique used to guarantee a profit from free bet promotions given by betting organisations. The UK is most known for this but people also do it in Australia & New Zealand
- adding a note here by myself, I've personally done it in Italy and worked fine, although I must admit that offers in the UK are way better -
HOW DOES IT WORK?
The process may be confusing at first but is extremely simple once you understand it.
The 2 main things you need to know from the get go is
The “Back” Bet: Betting for an outcome to become true so for example “I bet England will win”.
The “Lay” Bet: Betting against a certain outcome to come true for example “I bet England will NOT win”
HOW MUCH PROFIT CAN I MAKE?
As a general rule of thumb if you are doing this “safely”
- and I definitely advice playing it safely for the simple purpose that you want to get as much profit as you can off the free money that the betting site is gifting you -
and not trying to get the best possible return you will usually come out with about 75% of the free bet amount offered as profit.
So if the free bet offered is $100 you will generally come out with $75 profit or more. This money is also tax-free because it is included in the gambling industry laws in my country (Australia) - from my experience, Italy grants tax-free withdrawals from betting websites -
You will also need some budget to perform the method, generally for a 50€ free bonus you need atleast the double (better to stay higher) in order to cover the bet from the other side, plus the deposit that you have to make on the main betting website to unlock the bonus. Remember that you will get back everything, none of the money that you invest to unlock the bonus/place the opposite bet will be lost, you will actually come out with a profit + all the money invested.
WHATS THE RISK?
The only risk that is involved is when human error is at play.
So I will always say DOUBLE & TRIPLE CHECK EVERYTHING. May take more time but this could save you hundreds if not thousands of $$$ down the line. There are some bets that could involve small risk for extremely high reward but we generally stick to completely risk free bets.
STEP BY STEP GUIDE TO YOU FIRST PROFIT!
Step One: Sign up to Betfair Betting Exchange. “Betfair.com” I suggest turning off Adblock as they may offer promotions to new members before or after signing up. Enter all the information you need. Deposit account etc. Just make sure you profile is completed before moving to the next step!
Step Two: Sign up to a betting company. Example for UK (Coral.co.uk) Example for Australia (Sportsbet.com.au) Again make sure Adblock is turned off as there may be offers waiting for you! Browse around for you local sports betting websites and see what offers you can find for “sign up promotions”. When you find a sign up promotion you can click on it or do what you need to when signing up and you will be prompted to make a deposit. Make sure you read the T&Cs to see the amount you need to deposit to receive the free bet as this changes from offer to offer.
Step Three: Make sure using decimal odds not fractional odds this makes it easier to compare odds with Betfair
Step Four: This is where you want to find a game to bet on. I recommend NRL as a good starting point as there is no “draw” option. The “Back” Bet is always placed at the bookkeeper so “Sportsbet” and the “Lay” Bet is always placed at Betfair!
Betting Example
Sportsbet NRL: Panthers 2.00 - Knights 1.60
Betfair NRL: Panthers 2.08 - Knights 1.56
You want the Knights to win at Sportsbet so you would place your qualifying amount on them so for example $50
You now want the Knights to lose at Betfair so you would use a calculator to single out any loss and the only amount you lose is 5% Betfair commission
You have now put in a total of $50 at Sportsbet and around about $50 at Betfair so you are now $100 in but you will lose 5% to commission. So you are left with $95 no matter what happens in the game.
Now depending on the promotion offer you may have gotten a free $50 bonus bet which means you now have $145 right? But you cant withdraw that extra $50 until you bet it. So you repeat the previous exact process as you will lose about 5% but you will now have $140 you can withdraw. $40 profit for doing almost nothing.. Pretty decent right?
This may sound like a lot of calculations, here's why a simple yet effective Calculator exists, and it's FREE!
