Matched betting is a relatively new form of betting which can be used to make a profit. It involves placing two separate bets, one against the bookmaker and one with the bookmaker. This method can be used to take advantage of free bet promotions and other offers from bookmakers. In this article, we will provide an overview of matched betting and explain how you can use it to make a profit.
What is Matched Betting?
Matched betting involves placing two separate bets; one with a bookmaker (or betting exchange) and one against them. The bet placed with the bookmaker is known as the ‘back’ bet, while the bet placed against them is known as the ‘lay’ bet. The aim is to guarantee yourself a profit regardless of the outcome of the event that you are betting on.
To do this, you need to ensure that your back bet odds are greater than your lay bet odds. This will guarantee yourself a profit because if your back bet wins, you will receive your winnings plus your stake back. If your lay bet wins, you will only have to pay out what you staked – meaning that you still make a profit overall.
For example, let’s say that you place £50 on Arsenal beating Chelsea at odds of 5/4 with William Hill (back bet). You then place £50 on Chelsea not winning at odds of 7/8 with Betfair (lay bet). In this scenario, if Arsenal win then you will receive £125 in winnings (plus your original stake) from William Hill and nothing from Betfair – giving you a total profit of £75 (£125 minus £50). If Chelsea win then you will receive nothing from William Hill but only have to pay out £43.75 (£50 minus 8%) at Betfair – meaning that you still make a total profit of £6.25 (£43.75 minus £37.5).
How Can You Profit From Matched Betting?
There are several different types of matched betting opportunities available for both experienced and beginner punters alike. One popular way is through free bets offered by bookmakers such as Ladbrokes or Coral that are triggered when customers deposit money into their accounts or place accumulator bets etc. By utilizing these offers, punters can guarantee themselves profits without having to risk any of their own money! Other opportunities include taking advantage of enhanced odds promotions or cashback offers where punters can receive refunds on their losses if they meet certain conditions such as placing multiple bets etcetera.. Furthermore, there are also many websites dedicated solely to teaching people how to get started with matched betting and providing them with tips on how best to take advantage of these promotions so they can maximize their profits!
Overall, matched betting has become an increasingly popular way for punters to make money from gambling without risking any capital themselves. By taking advantage of free bets offered by bookmakers or enhanced odds promotions etc., punters can guarantee themselves profits regardless of the outcome! Furthermore, there are many resources available online which provide tips and advice on getting started with matched betting so even beginners should be able to find success in this activity! With all these factors in mind it’s easy to see why so many people are turning towards matched betting as an alternative source for making money!