Matched Betting Calculator
Matched Betting Guide
So what exactly is matched betting?
In this Matched betting guide, I will explain a way of exploiting an industry loophole involving online bookmakers. Pretty much all the bookmakers promote have free bet bonus promotions, especially during big sporting events. They do this to entice new members to place bets with them.
For example, “bet £50 with us and we’ll give you a £50 free bet!”.
How does matched betting work?
Match betting takes advantage of these offers by place bets with 2 separate bookmakers. So, on one site you use real money and on another you use the free bet, betting against your first bet. This way you are covering all possible out comes and turning the free bet into actual withdrawable cash, or completing an initial wagering requirement so that you are awarded the free bet.
OK this is the what the system is in a nutshell, but lets go into a bit more detail regarding the terminology so you understand exactly what you need to do.
It’s important that you understand the two types of bet which allow matched betting to work:
A ‘back’ bet
Betting for a certain outcome to come true. Eg. “I bet Manchester United will win” is a backing bet. If it comes true, you win the bet and the winnings. If Manchester United lose or draw, you lose your stake. You can place a back bet at any bookmaker, such as Paddy Power, William Hill, Ladbrokes etc.
A ‘lay’ bet
Betting against a certain outcome to come true. Eg. “I bet Manchester United will not win” is a lay bet. If they lose or draw, you win the bet. You can only place a lay bet at a betting exchange such as Betfair.
So this is the clever bit..
Matched betting works by cancelling out the risk on the ‘back’ bet at the bookmakers by betting against yourself at the same odds (know as ‘laying’ a bet) which you can do at a betting exchange. In other words, you are ‘matching’ your bet.
This is where the profit is made. Quite simply, you repeat the process: bet using the free bet and then lay the bet. Whatever the result you are guaranteed to make a profit.
How much profit can I make?
For each matched bet, you will be left with up to 95-98% of the free bet amount as profit. This is because betting exchanges usually charge a commission of 3-5% on winnings.
What’s the risk?
It’s worth noting that you may also make a very small loss on the qualifying bet due to the minor difference in odds on each website. This is normal, and you will recoup this when you use the free bet. It is very easy to quickly earn thousands of pounds in as little as 3-4 weeks using the profit accumulator system. Inside the membership area there are dozens of training videos that teach you what to do. Not to mention, about £3000 in sign up offers!
Also, it’s worth pointing out, earnings from the gambling industry in the UK are currently tax-free.