Matched Betting Guide Page 2
Earning Money From Laying Bets Online
You may now be thinking that this just sounds like another form of gambling, and to be honest it is, but there is a way of using it to guarantee a profit with a little help from online bookmakers.
Often when you go to a bookmakers website, they will offer you some form of a sign up bonus – for example, when you sign up and place a £30 bet, they will give you a free £30 bet. This is to encourage people to open a betting account with that company, to encourage them to gamble their money.
The free bet or bonus enables a profit to be made from laying your bets, and performing matching betting. Without free bets and bonuses being offered by online bookmakers, there would be no way to profit from matched betting.
Whenever you match a bet, you are basically covering both sides of the bet - enabling you to make a no risk bet.
Imagine you were to lay a bet, as mentioned earlier on in this article. Then you make exactly the same bet but this time you bet normally, by staking a certain amount at certain odds, at a bookmakers. If you win your bet with the bookies, you will get your winnings from that bet but you will also have to “pay out” for your lay. This is where the two outcomes cancel each other out, meaning you have lost nothing (but also gained nothing).
So if you were to bet £100 at Ladbrokes.com and also lay this bet with around £100 at the betting exchange, at exactly the same odds, you will not win any money but you will also not lose any money.
However, if you were to use a free bet or bonus money, then either on the lay or the bet side you will make a profit.
Important: This is something worth remembering when it comes to matched betting. When laying a bet, it’s important to try and lay at odds that are as similar as possible to the actual odds that are available at the bookmakers website. This is so that a minimal loss is made when making the bets. The closer the odds at the bookmakers and the exchange, the more profit you will be able to make from the free bet that you obtain. On a side note, if you are able to find lay odds at the exchange that are lower then the odds at the bookmaker, you can guarantee a profit.
How Can You Earn Money From Matched Betting
From reading this matched betting guide so far, you might not be completely clear how you can make money from matched betting for bookmakers bonuses. The process however is quite simple. Hopefully you understand how to lay a bet, and what it means to lay a bet. Hopefully you also understand how to make a bet at no risk at all. This is done by backing an event (say a football team to win their match) and then laying this same team to win their match at a betting exchange. When you are able to do this with the same bet stake and at the same odds, no matter what heppens in the football match you will always end up where you started - having lost no money, and gained no money.
This is quite pointless really - you know how to not win or lose any money. However, you do know how to make a bet at absolutely no risk. This is an invaluable piece of information, and with this knowledge you can make a lot of money. Nearly all online bookmakers and betting exchanges have some kind of promotion - bet £100 and receive a free £100 bet. Now you can make this no-risk qualifying bet, and then receive your free £100 bet. Now if you do exactly the same thing with your free bet - by matching the bet (backing and laying) you will end up with around £100 profit. Then you can move on to the next bookmaker, and continue the process.
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