dmitrinekol
Active member
What is Matched Betting?
Matched betting is a technique that mathematically guarantees a profit from free bet promotions offered by betting companies. Almost all bookmakers advertise these offers to entice new customers to place bets with them.
For example, "bet £25 with us and we'll give you a £25 free bet!".
How does matched betting work?
Firstly, you don't need to know all the betting terminology if you follow the steps below, but it's important that you know two types of bet which allow matched betting to work:A 'back' bet
Betting for a certain outcome to come true. Eg. "I bet England will win" is a backing bet. If it comes true, you win the bet and the winnings. If England lose or draw, you lose your stake. You can place a back bet at any bookmaker, such as Paddy Power, William Hill, Ladbrokes etc.A 'lay' bet
Betting against a certain outcome to come true. Eg. "I bet England will not win" is a lay bet. If they lose or draw, you win the bet. You can only place a lay bet at a betting exchange such as Betfair.Matched betting works by cancelling out the risk on the 'back' bet at the online bookies by betting against yourself at the same odds (know as 'laying' a bet) which you can do at a betting exchange. In other words, you are 'matching' your bet.
How much profit can I make?
For each matched bet, you will be left with up to 95% of the free bet amount as profit. This is because betting exchanges usually charge a commission of 5% on winnings. You may also make a very small loss on the qualifying bet due to the minor difference in odds on each website. This is normal, and you will recoup this when you use the free bet.And it's worth pointing out, earnings from the gambling industry are currently tax-free.
What's the risk?
However the risk comes when mistakes are made so, once again, you need to double-check everything and follow the steps exactly. On rare occasions free bets do not always come through right away, so just be patient.
Once you've understood the process and been successful by following the steps below, you can then continue matched betting at many other online bookies with free bet offers (see my table at end) which can quite quickly help you earn extra money without risk.
It's also worth knowing that depositing at gambling websites does not affect your credit rating.
Student tax refunds – are you owed money?
Not sure how much tax you should be paying and think you could be owed a refund? Our step-by-step guide tells you how to work it out and how to get that all-important tax refund. ======================================================================================================= Tax is...
trendri.com
Last edited: