Our Matched Betting Guide

There are lots of blogs and articles on the internet that discuss the process behind matched betting, most of them are chaotic in their descriptions of the process and fail to show real examples and are somewhat confusing to follow. Matched betting is completely legal and following this guide will allow you to flip the tables on the betting sites and exploit the loopholes between bookmaker free bet offers and betting exchanges.

What is Matched Betting

Matched betting is a way of mathematically covering all potential outcomes of an event and using free bet promotions of betting companies to win a small profit each time. As you are well aware, bookmakers aggressively advertise their free bet offers, and use them as a primary marketing tool to attract new players to their sportsbook. A typical free bet offer might be “Bet £10 at our sportsbook and we’ll give you £10 in a free bet!”. There are many of these offers out there. It is just a case of going through them one by one and taking advantage of the loophole.

Back & Lay Bets

Before you begin matched betting, you need to understand some key terminology for gambling. Firstly, a back bet. This is what we’ll use to unlock a bookmaker bonus. A back bet is when you wager for a certain outcome to be true, e.g. “Man City to win”. If Man City do win, then you will win, and you will be returned with the winnings from that stake. If Man City draw, or lose the match, then you will lose, and you lose your stake. You can place a back bet at any sportsbook such as Grosvenor or NetBet.

A lay bet is defined as betting against a certain outcome to be true, e.g Man City not to win the game. If Man City draw or lose then you will be paid out as a winner. If they win the match your bet will lose and you will pay out as playing the role of the bookmaker.

Why it is Not a Scam

People often ask what is matched betting and why is this legal, what good is it for the bookmaker to allow people to make a guaranteed profit, it must be too good to be true! It is a valid question, but in the case of matched betting the loophole ensures that neither the bookmaker nor the exchange loses out in the long run. The separation of the two bets and not backing and laying at the same place means they have just as much chance profiting from you as losing from you. We make our profit from the differences between both. Also, a lot of people end up continuing to use the service after they have made the profit matched betting, therefore becoming profit generating customers for the bookmaker. But we’re only here to take our small profit and leave, so don’t worry about that.

Is There Truth in the No Risk Matched Betting Concept?

The concept behind no risk matched betting is it covers all possibilities to unlock a free bet, then uses this free bet again to further cover all eventualities, the resulting profit is collected, and the process is repeated at any and every bookmaker with a similar promotion. If you stick to these basic steps, don’t break any terms and conditions by lying about your age or using fraudulent or invalid payment methods, you will be fine. The no-risk matched betting mantra is completely legitimate, and there are many tools that have been developed that can assist you in choosing the markets to bet on and suggesting the best games to choose to maximise your profits. The only way you can lose money is by human error, and not selecting the right markets to back and lay with. But follow our method which we will now explain below, and you will be making a steady stream of profit from all the offers out there on the market.

Matched Betting Guide to Guaranteed Profit

To make a guaranteed profit, this matched betting guide will show you how to claim free bet welcome promotions and use them to extract money from betting sites. The bookmakers you can see below all offer a free bet for new customers. It doesn’t necessarily matter which promotion you choose, or which game you even bet on, the process is the same throughout. For every matched bet you make, the profit can be up to 95% of the amount of the free bet you claim. This is due to the small commission taken by the exchange on winnings, usually in the region of 5%.

In the matched betting step by step guide below we will demonstrate how you can, sign-up to a betting site, make the initial back bet and profit from laying against the original bets you make. When you carry this process from one bookie to the next, the potential profits pile up and you can make some very easy money. Remember, this is a completely risk-free way of ‘betting’, and it’s also worth noting, all profits from gambling are exempt from tax. So, this really is a free net profit if done correctly.

Sign Up to a Sportsbook

Signing up to the sportsbook of your choice is the first step on this journey. The operators we have listed in the table above all offer you a free bet that can be used to extract a risk-free profit. What you must do is look at the terms and conditions of the offer you choose. The minimum odds of a qualifying bet vary between 1.5 and 2.0. Once you are fully committed to a sign-up offer, follow the link in the table above to open your account and begin this process.

Make a Qualifying Back Bet

Once you have created your account successfully. The next step is to place a qualifying back bet to unlock the bonus. Remember, you have to adhere to the minimum odds requirements and use a valid payment method to fund the bet, so check the terms and conditions before. Although any sport works for matched betting, we highly recommend going with football. The qualifying bet should be on a team to win with odds around 2.0.

Lay Off Your Initial Bet at an Exchange

Now that you have placed the back bet, lay against it is using a betting exchange. Obviously, for this step, you will need to create an account with a betting exchange and fund it with enough money to cover your lay bet. 888sport is highly recommended and the most popular. The betting winnings difference will be minimal, and we will make a very small acceptable loss here. But not to worry, this has unlocked a free bet offer which we can use to ensure a profit.

Use the Free Bet to Make Profit

Now we have the bonus unlocked, the process is repeated. Except for this time, you will go to odds that are higher in your back bet. If you’re betting on a football match you should go for the draw market with your bonus. This is because the free bet stake will not be returned in any back-bet winnings, so we have to take larger odds to make the whole process worthwhile. The free bet will sometimes come in tokens e.g. 4 x £5. In cases like this, use all four tokens to back the same draw market and have a cumulative stake to the total value of the free bet bonus we have gained.

It Works for Every Type of Sign Up Offer

We can utilise the betting bonuses offered in a number of different ways to enjoy matched betting. The idea is simple, you make a bet & lay bet that unlocks the possibility to freely bet on a riskier market, knowing that even if your risk-free bet fails, we have also layed against it to ensure some profit is made. With such a foolproof and simple system, it is truly baffling that more and more people aren’t taking advantage of this easy and effective money-making method.

We will mostly be using free bets for matched betting as they are the most common. But there is no reason why we can’t do the exact same thing with reload bonuses. Deposit bonuses work slightly differently, here we have wagering requirements to fulfil, but the process can be repeated across more bets to release the bonus for withdrawal.

Customer Success Stories

If you’re still wondering why we are so excited about matched betting, then listen to the opinions of some of our readers who learned about matched betting after consultation with us. There are many success stories like the ones you can see below, and the most exciting part of this process is seeing people who don’t gamble make £500 easily in a matter of weeks from our method.

These people are all relatively novice when it comes to strategies surrounding the sports betting industry. If you are worried that you will make a mistake and not understand the steps completely, then we suggest you fully read this matched betting guide and get to grips with everything that has to be done in order to successfully win money. We would also point you towards the bottom of this page, were some of the most common issues with matched betting are answered.

Make Profits Easily with Matched Betting

There really is nothing in the sports betting world where you can guarantee such a gradual stream of money, outside the matched betting strategy. Unless you’re the type of punter who is going to lump massive sums of money on very low odds markets, and even then, your risk to reward is relatively huge.

Now we have given you the matched betting explained process in full it is time you went out there and discovered all the free bet offers that you can take advantage of and manipulate into an easy profit. There are many to choose from and we think you’ll be best placed starting out with the operators we have listed on this page. All in all, it is becoming a very popular activity for casual gamblers and the bookies love the attention it brings to the industry in general. For more fantastic reviews on the current state of UK sports betting, head on back to our home page.