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I started out almost 15 years ago, so have plenty of experience. Doing this gives you access to a free bet, which, using the same method, will earn you profit. It is often called risk-free, although there are a couple of small risks. I have met a lot of people who raise an eyebrow when I talk about matched betting but let me make this clear, it is not a scam.
In fact, Money Saving Expert has a whole forum dedicated to the subject. Martin Lewis would not allow something on his site if it was not legit. Who would have thought it? Matched betting has been in common use for over 15 years. As the internet grew in popularity, bookmakers like William Hill and Ladbrokes realised there was huge potential for new customers.
The truth is, there are still people who associate gambling as evil and think that anyone involved must have some kind of addiction. And the internet now gave these people a chance to bet as much as they like without judgment. But, in such a competitive market, how did bookies go about getting customers to choose their services over their rivals?
By giving them free bets. Before we start, I want to make one thing clear. Matched betting is not gambling. If you gamble, then there is a good chance you will lose. Maybe not immediately, but eventually. Matched betting allows you to cover every outcome, and thanks to special offers, it means you will always end up winning.
So you choose a tennis match where two players have equal chances of winning. Now, this is a very simplified explanation as there are other factors to consider. I have written an example below to help you understand. They will guide you through the whole process. Take a look at this short video by Profit Accumulator for more information.
The more cash you have, the more potential you have to earn. This will allow you to start with the small offers and work your way up to the better ones. In case you missed it above, a lay bet is when you back something not to happen. For example, if you place a lay bet on Man Utd to win the Premier League, you are backing them not to win. Betfair is the most famous site where you can place lay bets. This is a betting exchange where people can bet against each other and choose their own odds.
If you have no experience with gambling and odds, then it will take a little while to get your head around. And, as you get to grips with matched betting, it becomes much simpler and less time consuming to do. But the more time you have, the more money you can make. The trick is to find odds for the back and lay bets as close together as possible. When matched betting, it is far easier to use decimal odds. Odds are an indication of the probability of something happening.
Remember, a bookie needs to make a profit, so the odds might not reflect the true probability. The 3rd column shows the likelihood of the event happening. Although decimal odds may seem confusing at first, you will soon get to grips with them. All bookies will have an option in the account settings so you can toggle between fractional and decimal.
As you can see, the lay figure for Tottenham is 1. Remember, the lay figure is always in pink. The next step is to calculate how much to bet to minimise your loss. It sounds complicated, but there are plenty of handy calculators around that will do it for you.
Unfortunately, this requires a slightly different calculation as the free bet is known as something called Stake Not Returned SNR. Initially, it sounds very complicated. As I said earlier, you can use a company like Profit Accumulator to help you figure it out. There are several ways to do this and it just depends on what you feel most comfortable with. You can create a digital spreadsheet using a program like Excel. Alternatively, you can download a ready-made spreadsheet from somebody else.
Again Profit Accumulator has a free one on offer. So, if you follow the above, all should be fine and dandy. And generally, this is a risk-free way to make money. Occasionally, sport likes to throw in a surprise here and there and bookies have different rules to measure results. For example, if a tennis player withdraws through injury during a match, some bookies will void the result, whilst others will pay out.
So, the bookie with your win bet may just give you your stake back, whilst the exchange where your lay bet sits may take your money. That means one void bet and one loser. The only other issue you may have is by not paying attention. Fortunately, there are ways to minimise your losses in these situations, such as cashing out as soon as possible.
Like most things in life, the more effort you put into matched betting, the more you will get out. Plus, all your winnings are tax-free. It is definitely worth trying out. The money you make from matched betting will never replace a full-time living. The first few months will always be the most lucrative as that is when you use most of the sign-up offers. That is where Profit Accumulator becomes most useful, as they will let you know of any offers you may miss.
New Post. Go to Category.. Grabbit while you can It's Gone, but was it any good? I won! Important update! Please take the time to familiarise yourself with the latest version. Reading diaries it seems quite a few of you are now matched betting. I looked at it a while back and didn't understand it. Lately though I can't get rid of that nagging feeling that i'm missing out on a good opportunity to earn some extra money.
Pigsback and surveys great as they are I don't earn much from them and so wondered How much you were earning a month from MB and how much time that involved? I suppose the returns are dependant on how much you are willing to play with in the first place? Similar thing with the old fruit machines. Work part time in a pound shop!!!! Wodehouse, Love Among the Chickens. Hi, just to clear up an inaccuracy on matchbetting - it is not 'gambling' in the accepted sense of the word although there is a small element of risk involved: Here is a very simplistic version of match betting - it is very important that all the helpful threads on the gambling introductory board are read and understood before trying it.
Obviously things can go wrong so read the threads very carefully. Plus this is probably as accurate a description as a picasso face is to a real one It's the general idea only. My husband is doing very well from match betting although the returns decrease as the free bet amounts decrease.
Make sure you join quidco etc too!
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