Maybe you have heard about Matched Betting? It has become a popular way to earn money online, and in this article, we will explain what it is and how it works. Matched Betting is a way of leveraging free bets made available from bookmakers to guarantee a profit regardless of the outcome. This kind of betting requires some knowledge and knowledge of odds, but could be very lucrative. Let’s have a closer look at Matched betting
and how it works to help you determine if it’s right for you.
What’s Matched Betting?
Matched Betting uses the free bet offers from bookmakers like William Hill, Ladbrokes and Paddy Power to create a guaranteed profit. It involves placing an original bet with your own personal money on one outcome in a sporting event or other event, then placing an opposing bet utilizing the free bet offer from the bookmaker on the alternative outcome. This means that regardless which team wins or loses, you’re guaranteed to make money.
As an example, let’s say there’s an upcoming football match between Manchester United and Liverpool. You might place £20 on Manchester United to win with your own personal money at 11/10 (2.2) odds. Then you could use the free bet offer from the bookmaker to put £20 on Liverpool at 11/10 (2.2) odds as well. Irrespective of who wins or loses, you have placed two equal bets so your total stake will soon be returned minus any commission taken by the bookmaker – meaning you’ve made a guaranteed profit!
How Does Matched Betting Work?
Matched Betting is relatively straightforward once you understand the basics. First, you need to discover which bookmakers are offering free bets or bonuses for new customers – these could often be available on comparison sites such as Oddschecker or BonusCodeBets.Then whatever you need to do is create accounts with those bookmakers and deposit some funds into them so you can place your first bet with your own personal money – usually only around £20-£50 with regards to the offer being used. Once that’s been done, it’s simply a case of trying to find events where both outcomes have similar odds – this ensures that irrespective of who wins or loses, both bets will return nearly identical amounts (minus any commission taken by the bookmaker). Then all that’s left is to place both bets using your own funds and then use the free bet offer from the bookmaker to put an opposing bet on the contrary result – remember that a lot of times with Matched Betting you’ll need to wager through any winnings before withdrawing them!
Matched Betting could be a smart way to make some extra cash online with no any prior knowledge or experience in gambling or sports betting – all it requires is sometime and effort! However, if done incorrectly additionally, it may cause losses rather than profits – so always do your research before getting started! With this particular guide in addition to practice and patience anyone should manage to start earning profits through Mathed Betting very quickly!