Chances are you have heard of matched betting somewhere or from a friend. Simply put matched betting is the process of signing up to sports betting sites such as ladbrokes in order to use their free bets or welcome bonuses. By using a betting exchange such as Betfair you can manipulate the sites in order to guarantee yourself a profit on every signup bonus you take. But the full value of matched betting isn’t just in the signup bonuses it is also in the ongoing promotions that almost every sports book offers. For example you may be offered enhanced odds on a football team to win by backing this with the sports book you can then lay it off on a betting exchange i.e. bet and you can guarantee yourself a profit no matter what the outcome.
An example of much betting is if you sign up for a Paddy Power account they offer a £30 free bet token when you sign up and bet £10 as a new customer. As a new customer you would sign up and place a £10 bet on any football event such as Arsenal to beat Manchester United. If Arsenal lose then we obviously lose £10 get a £30 free bet. If we log into our Betfair account or sign up then we can lay Arsenal to guarantee ourselves a return. Now, no matter what happens if Arsenal win or lose we make a very small loss but we do guarantee ourselves £30 free bet.
Once we have received a free bet token we can do the same thing again by using it on a football match and laying off the result on Betfair. It takes a bit of time to learn exactly how this works but once you have the hang of it it is easy to do and you can do multiple throughout the day. Matched betting does require time and patience to get it right as well as a small bankroll which you can build up over time. The biggest bonus going is with bet365 as they offer a 100% match up to £200. Further to this you can get a £50 bonus when you make your first bet using the bet365 mobile app.
Each welcome bonus is different so remember to read the terms and conditions closely so your winnings don’t get confiscated