How Matched Betting Works
Does matched betting work?
Thousands of people throughout the UK and across the world make money from matched betting. Some are brand new to it, others have been doing it for years. Matched betting is a legal method of turning free bets into real money, using strategy and software. But the question is: does matched betting work?
The amount they earn depends on a few things like the number and type of free bet offers and betting promotions they complete. The size of your starting pot also has an impact on the amount of money you can make from matched betting. But if you can only spare £50 in the beginning, don’t worry – the idea is to build up your bank by completing new customer/welcome offers. Once you’ve done this, you’ll find reload offers and free bets for existing customers, meaning that you can continue to make money from matched betting for as long as you want!
How does matched betting work?
Bookmakers put out promotions, like free bets, to encourage new sign ups to their sites. You’ve probably seen them around. There are different types, but one of the most popular is “Bet £X, Get £X in free bets”. Let’s look at a quick example:
A bookmaker is offering the promotion “Bet £10, Get £30 in free bets”. With ‘normal’ or traditional betting, you’d need to risk £10 of your own money to get the free bets. If your bet loses, you’ll lose your £10. This is gambling – which we don’t want to do. Matched betting isn’t gambling. With matched betting, you’d still need to make a bet of £10, but you cover it so that even if your bet loses, you won’t lose your money. Either way, you unlock the £30 free bets but with matched betting, you haven’t risked or lost your ‘qualifying’ bet, like you would with gambling.
It’s as easy as one, two, three with OddsMonkey…