Have you ever heard of Matched Betting? It has changed into a popular way to make money online, and in this article, we shall explain what it is and how it works. Matched Betting is a way of leveraging free bets offered by bookmakers to guarantee a gain regardless of outcome. This type of betting requires some knowledge and knowledge of odds, but can be very lucrative. Let's take 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 using one outcome in a sporting event and other event, then placing an opposing bet using the free bet offer from the bookmaker on the opposite outcome. Which means regardless which team wins or loses, you're guaranteed to produce money.
Like, let's say there is an impending football match between Manchester United and Liverpool. You could place £20 on Manchester United to win with your own money at 11/10 (2.2) odds. Then you can use the free bet offer from the bookmaker to place £20 on Liverpool at 11/10 (2.2) odds as well. Irrespective of who wins or loses, you've placed two equal bets which means that your total stake will be returned minus any commission taken by the bookmaker – meaning you have made a guaranteed profit!
How Does Matched Betting Work?
Matched Betting is relatively straightforward once you recognize the basics. First, you will need to learn which bookmakers are offering free bets or bonuses for new clients – these may often be available on comparison sites such as for instance Oddschecker or BonusCodeBets.Then whatever you should do is create accounts with those bookmakers and deposit some funds into them so you can place your first bet with your own money – usually only around £20-£50 with regards to the offer being used. Once that has been done, it's simply a case of looking for events where both outcomes have similar odds – this ensures that aside from 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 position both bets using your own funds and then utilize the free bet offer from the bookmaker to put an opposing bet on the contrary result - remember that many times with Matched Betting you will need to wager through any winnings before withdrawing them!
Matched Betting could be a great way to create some extra cash online with out any prior knowledge or experience in gambling or sports betting - all it requires is a while and effort! However, if done incorrectly it can also lead to losses rather than profits – so always do your research before starting out! With this guide in addition to practice and patience anyone should manage to start making money through Mathed Betting very quickly!