The art of matched betting
Placing a bet or two, whether it’s on football, at the races or at the roulette table, can be a fun and exciting experience. Who knows, you may even win something.
Generally speaking, when you gamble, you should always keep in mind that there is no such thing as a safe bet. Losing is always a possibility, and so you should never bet more than you can afford to lose.
The one exception to this is matched betting; a type of betting which essentially takes the gambling out of the equation.
What is matched betting?
Matched betting works on a mathematical equation - not chance - to generate guaranteed returns. Matched betting is a very specific technique which takes advantage of free offers on betting sites.
Many online bookmakers give out free offers to new customers, as well as special reload offers, to existing customers. By taking these bets, and placing an equal bet at the same odds on the exact opposite result elsewhere, you essentially gain the amount of the free offer, which you can then use to place more bets, repeating the process and generating a return each time.
Because you are placing equal bets each way, it is impossible to be out of pocket at the end of the day. These bets do not have any actual winnings, but they mean that you will be eligible for more free incentive bets, which you can then apply to more matched bets.
How does matched betting work?
By taking the free offers from online bookmakers and using them for the matched betting process, you will gain a small amount on each bet. Most sites will pay out 80% – 90% on free offers, meaning that on a $10 free introductory or reload offer, you will earn $8 - $9.
Additionally, the money generated through matched betting is not only 100% legal, it is also 100% tax free.
By Tom Buckland