Maybe you have been aware of Matched Betting? It has become a popular way to earn money online, and in this article, we will explain what it’s and how it works. Matched Betting is a technique of leveraging free bets provided by bookmakers to guarantee a profit whatever the outcome. This sort of betting requires some knowledge and comprehension of odds, but can be very lucrative. Let’s have a closer look at Matched betting
and how it works to help you decide if it’s right for you.
What is Matched Betting?
Matched Betting uses the free bet offers from bookmakers like William Hill, Ladbrokes and Paddy Power to make a guaranteed profit. It involves placing a preliminary bet with your own money on a single outcome in a sporting event or other event, then placing an opposing bet utilising the free bet offer from the bookmaker on the alternative outcome. This means that regardless that team wins or loses, you’re guaranteed to make money.
Like, let’s say there’s a forthcoming football match between Manchester United and Liverpool. You can place £20 on Manchester United to win with your own personal money at 11/10 (2.2) odds. Then make use of the free bet offer from the bookmaker to position £20 on Liverpool at 11/10 (2.2) odds as well. Regardless of who wins or loses, you have placed two equal bets so that your total stake will 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’ll need to find out which bookmakers are offering free bets or bonuses for new customers – these can often be available on comparison sites such as Oddschecker or BonusCodeBets.Then all you should do is create accounts with those bookmakers and deposit some funds into them so that you can place your first bet with your own personal money – usually only around £20-£50 with respect to the offer being used. Once that has been done, it’s just 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 utilizing your own funds and then utilize the free bet offer from the bookmaker to place an opposing bet on the opposite result – remember that many times with Matched Betting you need to wager through any winnings before withdrawing them!
Matched Betting can be quite a good way to create some extra cash online with out any prior knowledge or experience in gambling or sports betting – all it will take is sometime and effort! However, if done incorrectly additionally, it may lead to losses rather than profits – so always do your research before starting! With this specific guide in addition to practice and patience anyone should be able to start earning profits through Mathed Betting right away!