Do you think you could spend a few more hours online every week?
What if we told you that you could make up to £500 (sometimes even more) per month by doing so? Sounds good, right?
So, what’s the secret?
It’s something called ‘matched betting’. You may have heard of this term before, but, if not, don’t worry. We’ll explain everything thoroughly. Now, before you click off because ‘you’re not a gambler’, let us start by saying there is no gambling involved. Unlike traditional betting, all risk is eliminated with this approach, ensuring a guaranteed profit.
An introduction to matched betting – What actually is it?
Matched betting involves using free bets and bonuses offered by bookmakers to guarantee a profit. And, there is a lot of profit to be made!
Virtually all bookmakers offer welcome bonuses to entice people to use their services, and then they continue to send loyalty bonuses and free bets to keep people spending. Matched betting is making the most of these offers to guarantee a profit, no matter the outcome of the event we have placed our bets on. Now, we know this may sound a bit perplexing, but what is important to understand at this stage is…
- There is no risk involved
- You do not need any knowledge of sport
- You can continue to make a profit every month
- Anyone can do it!
“This sounds way too good to be true” – We hear you! Everyone thinks that until they give it a try. If you are wondering why the whole world isn’t partaking in matched betting considering it’s so lucrative; there are two reasons: 1) not everyone knows about it, and 2) not everyone understands it. We are going to break those two barriers down with this guide.
The basics of matching betting
Now let’s take a look at how matched betting works. With matched betting, you bet on all outcomes to ensure a profit. Here, we need to introduce two key terminologies.
- Back bets – You place a back bet at bookmakers such as Ladbrokes or William Hill. This is a bet FOR something to happen, i.e. West Brom to beat Chelsea.
- Lay bets – A lay bet is placed on an exchange such as Betfair or Smarkets. This is a bet AGAINST something happening, so you bet against West Brom beating Chelsea.
You now have all outcomes covered.
With matched betting, you first place a qualifying bet in order to unlock the free bet. So, you’ll bet for something on the bookmaker site and then against it on the exchange. All outcomes are covered, and you won’t make any money.
However, you have unlocked a free bet. This is where the profit comes. You repeat the process again, but because you used a free bet at the bookmakers and not your own money, you will end up with around 70-90% of the free bet value as profit, no matter the outcome.
This can all be a lot to take in, and so it’s best to use a real example to show you…
The Coral example
At present, Coral offer this deal: Bet £5 and get £20 in free bets. (The £20 is awarded as 4 x £5 free bets)
So, we need to open an account with Coral and deposit at least £5.
We then need to open an exchange account and deposit some money in there. For the sake of this guide, let’s say we choose Betfair.
We have our two accounts ready.
First, we need to place a qualifying bet. As you can see, Coral’s offer states we need to bet £5 in order to unlock the £20 bonus.
So, we need to find an event with similar odds on Coral and Betfair – we need to back and lay it, ensuring all outcomes are covered. Remember, we don’t make any profit on this – we may even lose a few pennies!
So, we have found the following match:
We’re going to bet £5 on Copain De Classe to win the 13.20 at Chepstow using Coral. We’re then going to place £5.06 against Copain De Classe winning at Betfair. We cover ALL outcomes, losing 20p in the process, but unlocking our £20’s worth of free bets.
So, head to Coral first (ALWAYS place your back bet first).
As you can see, the odds are 1.8, and this will return £9 – just like the Matched Betting calculator informed us. Always check the details match up before placing your bet.
(Don’t worry, we’ll tell you how to use the calculator)
Now, time to lay the bet on Betfair.
Everything adds up, we’re now 20p down no matter who wins the race! But, we’ve got a lovely £20 free from Coral (split into four £5 bets).
This is where we make the profit!
So, we find a good match – another horse racing event.
So, you’re going to go and place one of your £5 free bets on Gawdawpalin in the 19.40 at Kempton.
You’re then going to place a lay bet with a stake of £4.40 on the same horse via Betfair.
No matter the outcome, you’ve made £4.18 on this bet.
Now, you’ve still got three £5 free bets left to play with. You can find different matches, or you can use all three of them on Gawdawpalin again. To make life easy, we’re going to do just that.
So, we repeat the process a further three times, leaving us with £16.72. (£4.18 x 4)
Deduct the 20p we lost to place the qualifying bet, and you’ve made £16.52 on this one offer!
Now when you consider the sheer number of bookmakers there are, and the fact that they continue to provide free bonuses every week, you see that there is a lot of money to be made.
A helping hand – Yesbets
At this point, you’re probably excited about the prospect of making lots of risk-free cash, but feel that it’s too difficult or confusing? That’s why we have Yesbets to do all of the hard work for us. Remember that nice calculator earlier?
When you sign up to Yesbets you will be presented with all of the bookmakers’ offers that are available, so you don’t have to go searching.
You will then be presented with a list of all of the best matches for qualifying bets and free bets. Again, no searching, and no brainbox mathematics! They tell you exactly where to place your money, how much money to place, and how much you will get in return.
There are also written tutorials and video demonstrations to literally walk you through it, as well as a Facebook community full of people helping each other make some cold, hard cash.
The great thing about Yesbets is that they also give you a completely FREE trial. This means you can make some risk-free cash without spending any money on a subscription. This gives you the ability to see how matched betting works for yourself.
To earn your first £15 profit in just five minutes, head to yesbets.co.uk and join for free!