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At MoneyMagpie we’re strictly against gambling. Trying to make cash at the bookies is risky business and chances are you’ll actually lose money. In the worst case scenario it could even become a serious problem for you. While there’re safe ways to do this, our general advice would always be: don’t gamble.
Matched betting, however, is something entirely different.
Don’t let the name put you off. Matched betting is a way to make money at the bookies without gambling. It has nothing to do with the traditional risks associated with placing a bet. No matter whether you win or lose, you still make money.
Sounds too good to be true or even slightly dodgy? Not at all.
Matched betting is legal because all you’re doing is taking advantage of promotional offers that the bookies themselves are putting out. It’s effective because you’re literally guaranteed to make money. It’s rare to find an opportunity that rewards your time with a guaranteed profit – especially at the bookies. You won’t be making £1,000 off a single bet, but you could earn over £1,500 tax free a month if you truly commit to it.
Bookies 101: What exactly is matched betting?
Matched betting is a technique where you take advantage of special offers promoted by bookmakers to attract new and existing customers. You’d be trying to get your hands on the free bets within these offers without risking your own money.
The idea is that you place a bet on an outcome and then also bet against it using a betting exchange. This allows you to access the free bet and make a profit without risking your own money to guarantee a profit.
You might want to use a matched betting service to find the offers you need and to help you work out exactly where to put your money.
Heads&Heads, for example, is a reliable service that will do the work for you and simplify the process. Here’s a step-by-step guide:
- Heads&Heads find the right offers for you
- You choose the preferred offer. For example, Coral have an offer on: bet £5 and get a £20 free bet
- You place a £5 bet with Coral on a horse to win
- You place another £5 on the same horse to lose with a betting exchange
- These bets will then cancel each other out and you’ll now have access to your free bet without risking your own money
- Place your bet and withdraw your profit
It’s this simple. And there’s more good news: the money you make through bookmakers is tax free. If, for example, you make £1,500 in one month – which isn’t unrealistic – it’s all yours.
Why Heads & Heads?
Heads&Heads was set up by a matched betting expert who believes that matched betting as an industry has a huge potential to become a respected and accepted method of investment/saving.
The website has over 150 up-to-date offers and it adds 15+ reloads every day. Plus there’s a first-class customer service – no annoying robots or call centres.
Heads&Heads aren’t part of a parent company or funded by an outside entity. If they make a recommendation, it comes from the site founder. Not with any strings being pulled by someone else in the background.
This is the perfect platform to start out with matched betting.