Matched betting is defined as arbitrage. It allows you to make risk-free profits using free online betting and betting exchanges. You should be able make decent profits within the range of PS700 to PS1000 if you use the right strategy.
You will need to open a “betting exchange” account such as betfair or a “bookmaker” account that offers a promotion for a free bet.
This system involves placing a wager at the bookmaker, and then laying it (betting against) at the betting exchange. Essentially, you are hedging your bets in order to create a profit scenario that eliminates risk. This betting method is valuable because it offers a ‘free bet’. This type of risk-free bet would disappear if online bookmakers stopped offering it tomorrow.
You will need to place two separate wagers in order to apply the strategy. First, place a qualifying wager using your own money. Then, place another bet using the “free bet stake”. Below is an example of how it works.
Example from real life – using a PS50 Free Bet
Type of bet: Qualifying Bet- PS50
Event: Bolton v Fulham: Saturday 14th March
Place a bet on Bolton to Win
Odds: Bookmaker odds: 2.1 | Betting exchange lay odds: 2.16
No cost bet
Type of bet: No cost bet- PS50
Event: Barnsley v Crystal palace: Tuesday 17th March
Odds: Bookmaker odds: 2.2 | Betting exchange lay odds: 2.45
Overall profit from matched bet: PS30.80
All figures include a 5% betting exchange commission
Match betting is about maximising profits. The higher your free stakes, the greater your overall return. For example, a PS50 bet is more valuable than a PS10 bet. My personal experience has shown me that the best times to place high-value bets is when special events are occurring. One prime example is the famous “Cheltenham horseracing festival” in March. Bookmakers are known to offer huge free bets at this time of year that are not available at other times. One example is the ‘ladbokes festival’ in which they offered a free PS200 bet. All you have to do to qualify is to open an account and place a wager. You will receive a complimentary bet of the same value. These types of amazing offers are not available at other times of the year. soi keo Take advantage of these great offers when they are available.
A second tip is to apply for higher odds on your free stakes. This is because most bookmakers will keep the stake. To maximize your profits, you should take bigger odds. If the stake is retained by the bookmaker, I don’t recommend placing the bet at odds lower than 3.0 in decimal odds format. This strategy gives me a decent return on investment relative my free stake.