Matched betting can be explained as creating a risk free bet scenario that allows you to calculate bets that are risk free by using free online bets with online betting exchanges. Using an appropriate strategy you should be able to compound a decent amount of profit within the regions of £700 to £1000.
To implement a matched betting method you will need to open a bookmaker account with a free bet promotion, (a free list of bets is available at free bookmaker bets) and a betting exchange account such as betfair or betdaq.
The system works by placing a bet at the bookmaker and then laying (betting against) it off at the betting exchange, essentially all your doing when applying this technique is hedging your bets to create a profitable scenario that eliminates risk. The value in this betting method exists because of the ‘free bets’ entity. If online bookmakers were to stop offering them tomorrow this type of risk free bet would become obsolete.
In order to implement matched betting properly you need to place two rounds of bets, the first round consists of a placing a qualifying bet and the second round involves using the free bet stake, which is where you make the money For a free guide on matched betting take a look at onthesmartmoney.com
matched betting tips
When using a matched betting strategy you want to be in a position to squeeze as much value out of the free bets as possible. To do this there are few factors that you can implement to enhance your potential returns. These including taking higher odds I recommend when placing a bet with free bet stake to opt for higher odds at least over 3 in decimal, it is also useful to find events where the odds at a bookmaker are comparatively close to betting exchange lay odds, which is also an important factor when placing qualifying bets too.