What is matched betting?
Matched betting is a betting technique that allows us to exploit promotional offers from the ever competing world of bookmakers.
We can use this technique to make guaranteed cash from free bets, early payouts and extra place horse racing offers.
Guaranteed cash? That sounds too good to be true! Luckily for us it’s true, with matched betting we can turn a £20.00 free bet into a guaranteed £16.00 cash – or more!
How does matched betting work?
Simply put, matched betting is the art of betting on the opposite outcome. We must first place a bet on one outcome at a bookmaker then bet against that same outcome at a betting exchange. The two types of bets are known as back and lay bets.
A back bet is a bet that the outcome will happen – usually placed at a bookmaker.
A lay bet is a bet that the outcome wont happen – usually placed at a betting exchange.
What is a betting exchange?
A betting exchange is essentially the same as a bookmaker but with two major differences. We are betting against other people instead of a bookmaker – this is why it’s called a betting exchange: thousands of people are exchanging bets. In addition to this we can not only bet for a result to happen, we can also bet against a result.
It’s as easy as 1,2,3..
- Select an offer – for example betting £5.00 to receive a £20.00 free bet
- Cover all outcomes – with the help of a betting exchange
- Make your risk free profit