Making money online is a rising trend as more and more people are looking for ways to increase their income.
Fortunately, we’ve got a simple solution for you here, and getting started is 100% FREE. It’s the number one side hustle in the UK for additional income, let us explain…
Matched betting is a technique that allows individuals to make money online for free by taking advantage of sportsbook promotions. It’s a legal and risk-free method of betting that involves using free bets and bonuses offered by bookmakers to guarantee a profit. Because of this, matched betting is NOT gambling.
How to Make Money Online With Matched Betting:
The basic principle of matched betting is to bet on all possible outcomes of an event to ensure that you make a profit no matter the result. This is achieved by placing a bet with a bookmaker and then placing an opposing bet, known as a lay bet, on a betting exchange.
For example, let’s say you want to bet on a football match between Manchester City and Liverpool. You find a bookmaker who is offering a free bet on the match and place a bet on Manchester City to win. You then go to a betting exchange, such as Betfair, and place a lay bet on Manchester City to not win.
If Manchester City wins, you will win your bet with the bookmaker and lose your lay bet on the exchange, but the free bet will cover your loss. If Manchester City loses, you will lose your bet with the bookmaker but win your lay bet on the exchange, again, covering your loss with the free bet.
By using this technique, you can effectively “lock in” a profit regardless of the outcome of the event. This technique can be used in a wide range of sports and events, including football, horse racing, and even politics.
Types of Matched Betting Offers:
There are many different types of matched betting offers available, including free bets, money-back offers, and odds boosts.
Free bets are perhaps the most common type of matched betting offer. These are bets that bookmakers offer to new customers as a way of incentivizing them to sign up. Free bets can also be offered to existing customers as a reward for their loyalty.
Money-back offers are similar to free bets, but rather than receiving a free bet, you get your money back if your bet loses. For example, a bookmaker might offer a money-back offer on a football match, whereby if the match ends in a draw, you get your money back as a free bet.
Odds boosts are when a bookmaker increases the odds on a particular event or selection. For example, they might boost the odds on a football team winning from 2/1 to 3/1. This can be a good opportunity to take advantage of enhanced odds and make a profit through matched betting.
Matched Betting Example:
To give you an idea of how matched betting works in practice, let’s consider a simple example.
Let’s say that you are based in the UK and you come across a matched betting offer from a bookmaker offering a £30 free bet to new customers who sign up and place a bet of at least £30.
You decide to take advantage of this offer and sign up with the bookmaker. You then place a bet of £30 on a football match, intending to use matched betting to guarantee a profit.
You then go to a betting exchange, such as Betfair, and place a lay bet on the same football match. Let’s say that the odds of the bet are 2/1. This means that for every £1 you bet, you will win £2 if the bet is successful.
If the bet with the bookmaker wins, you will receive £60 in winnings, minus your initial stake of £30, giving you a profit of £30. If the bet loses, you will lose your £30 stake with the bookmaker, but you will win your lay bet on the exchange, giving you a profit of £20 (your £30 stake minus the 2% commission charged by the exchange).
Either way, you are guaranteed to make a profit of at least £20 thanks to the free bet offered by the bookmakers promotions.
Of course, this is just a simple example and in reality, you will need to take into account the odds and potential losses on the exchange when calculating your potential profit. However, with a bit of practice and by using matched betting calculator tools, you can easily work out the potential profit from any matched betting offer.
How Much You Could Make Matched Betting Online?
So, the potential profit from matched betting depends on several factors, including the value of the free bets and bonuses you can claim and the amount of time and effort you are willing to put into it.
On average, it is possible to make around £500-£800 per month from matched betting, although some people can make significantly more. However, it is worth noting that this is not a get-rich-quick scheme and it does require time and effort to find and take advantage of matched betting offers.
Matched betting can be a great way to make extra money online for free, and with a bit of practice, it is a technique that anyone can learn. Just remember to always do your own research and be sure to read the terms and conditions of any offers you take advantage of to ensure that you are eligible and to avoid any potential pitfalls.
It’s important to note that while matched betting is a risk-free way to make money, it does require a bit of time and effort to find and take advantage of matched betting offers. To get started, you will need to sign up with several bookmakers and betting exchanges, as well as a service such as OddsMonkey to access matched betting tutorials and tools.
Once you have signed up, you can begin searching for matched betting offers. These can be found on the websites of bookmakers and betting exchanges, as well as on matched betting forums and social media groups. It’s a good idea to start with small stakes to get a feel for the process before moving on to larger bets.
As you become more experienced with matched betting, you can start to explore more advanced techniques, such as exchange trading, to increase your profits.
It’s also important to be aware of the potential risks of matched betting. While it is a legal and risk-free way to bet, there is always the possibility of human error, such as placing the wrong bet or forgetting to place a lay bet on the exchange. It’s a good idea to double-check your bets and keep a close eye on your balance to ensure that you are making a profit.
Overall, matched betting can be a great way to make money online for free, provided you are willing to put in the time and effort to learn the techniques and find suitable offers. With practice and discipline, it is possible to make significant profits from matched betting, while also enjoying the thrill of betting on your favourite sports and events.
While matched betting is a legal and risk-free way to make money online, it is important to be aware of the potential risks and to take precautions to protect yourself. Here are a few tips to help you make the most of your matched betting experience:
- Always read the terms and conditions of any matched betting offers you take advantage of. This will ensure that you are eligible for the offer and will help you to avoid any potential pitfalls.
- Keep track of your bets and profits using a spreadsheet or betting tracker. This will help you to stay organized and to identify any mistakes or missed opportunities.
- Use a matched betting calculator to help you work out the potential profit from each offer. These calculators can be found on matched betting websites and forums, and they will help you to determine the optimal stakes and lay bets to maximize your profits.
- Be aware of the potential risks of matched betting. While it is a risk-free way to bet, there is always the possibility of human error, such as placing the wrong bet or forgetting to place a lay bet on the exchange. It’s a good idea to double-check your bets and keep a close eye on your balance to ensure that you are making a profit.
- Consider using a matched betting service such as OddsMonkey to help you find and take advantage of matched betting offers. These services provide tutorials, tools, and support to help you get started with matched betting and to maximize your profits.
By following these tips, you can help to ensure that your matched betting experience is as profitable and enjoyable as possible. With a bit of practice and discipline, you can make significant profits from matched betting while enjoying the thrill of betting on your favourite sports and events.