You only need to watch a football match, and you will see numerous bookmaker adverts at half time.
"Join us today and receive a £10 free bet."
"Back Wayne Rooney to score next and get your money back as a free bet if he doesn't."
"Place £20 in-play and we'll give you a free bet for the next game."
Matched betting is a method that guarantees risk-free and tax-free profit by making the most of these free bets and promotions.
It is 100 percent tried and tested, and it has been featured in plenty of credible news publications, from The Telegraph to The Guardian.
It is important to recognise that this is NOT gambling, and there is NO risk involved. It does not matter whether you know a little bit or a lot about football, or any other type of sport, you can get involved to make some profit!
How much can I make from matched betting?
In the beginning, you will have all of the bookmaker sign-up offers, which represent guaranteed profit and should make you around £1,000. After this, bookmakers will continue to send you special deals and promotions to entice you to place more bets. You can use these to make a profit every month. You can expect to make anything from a few hundred to £1,000+ per month. It all depends on the time you have to dedicate and the promotions being offered.
How matched betting works
So, let's take a further look at how you can make money through this method. Matched betting involves two steps:
- 1. Placing a qualifying bet, which unlocks the free bet.
- 2. Placing the free bet, which returns the guaranteed profit.
Now, you need to know how to place both a back bet and a lay bet if you are going to take advantage of matched betting.
A back bet is the type of bet you are probably familiar with. This is a bet FOR an outcome to happen at a traditional bookmaker, for example, Sky Bet or Paddy Power.
"I bet that Arsenal will beat Tottenham 2-1"
A lay bet is the opposite. You will bet AGAINST an outcome happening. You do this via a betting exchange, such as Betfair or Smarkets.
"I bet that Arsenal will not beat Tottenham 2-1"
As you can see, you have covered all outcomes. You cannot possibly lose. However, if you were to use your own money to place these bets, they would cancel each other out, and you would not make a penny. But, when you use a free bet, you can guarantee 80-100% of your stake back each time as withdrawable cash.
We know that this is a lot to take in. You may think that it sounds way too complicated, but trust us; it really isn't once you give it a go. Below, we are going to take you through an example and then provide details on an amazing free trial that will help you get started.
The Coral sign-up offer
We are going to walk you through how you would use matched betting to make the most of Coral's current sign up offer, which is:
So, if you bet £5 at Coral, they will give you £20's worth of free bets!
This is a good offer to start with, as it's small. You can work your way up to the bigger offers. You will only need about £45 to get started with this.
First of all, you need to create an account at Coral and deposit the £5 required.
Once you have done this, you need to create an account with a betting exchange. You should deposit £40, as this will be more than enough to complete the offer.
We are going to go with Betfair.
Now you are set-up on both websites, and the next step is to place your qualifying bet.
Remember, before you can benefit from the £20 of free bets, you need to bet £5 with Coral. This is known as the qualifying bet.
With this bet, you won't make any profit (and you won't lose anything either), but you will unlock the free bet, which is where the real money is made.
So, we need to determine what to place our £5 qualifying bet on. Luckily, the Yesbets software does all of this hard work for you.
It finds a selection whereby the odds are closely matched at the bookmaker and the exchange, so that you don't lose any money.
The software tells us to bet on Sheffield United to beat Walsall. This will make 2p in profit.
Go to Coral and place £5 on Sheffield United to win. You must ALWAYS place the back bet first.
Next, go to Betfair and make sure you place the stake the software tells you to, which is £5.28. Check all of the numbers add up before confirming.
Coral should have now credited you with £20 of free bets, which you will receive as 4 x £5 free bets.
We need to turn this into profit. Again, we use the Yesbets software, which informs us that if we back and lay the horse Gawdawpalin, we will make a £4.18 profit no matter what happens.
So, head off to Coral and place one of your free £5 bets on this horse.
Next, head to Betfair and enter the stake stated - £4.40.
It doesn't matter whether the horse is first or last, you will make £4.18.
Repeat this with the rest of your free bets and enjoy over £16 profit from this easy method.
Get started with Yesbets
We know that this can all seem a bit like rocket science. That is why so many people have written off matched betting before they have tried it. You don't have to do this. Instead, try Yesbets FREE of charge today. You will have access to all of the offers, step-by-step guides, video tutorials, live chat assistance, and a friendly Facebook group of matched bettors all happy to help each other. We'll walk you through exactly what you need to do so that you can start earning!