Risk free matched betting guide

When getting these offers and promotions, you must take care to read the terms and conditions and make no mistakes, otherwise, you could end up losing out. So now that you have signed up and opted in for the bonuses, it is very important you get the free bets, without losing any money.

Which events should you bet on? So read on. Calculate the Profit Potential The third step and one of the most important parts of the matched betting guide is calculating profit potential. This means you have to find an event and work out how much you need to back and lay, and how much profit you will make as a result.

Sound complicated? When calculating for the free bet, this is where you will profit, as the stake you place is free. Thus, you will always be guaranteed a small profit. As long as the odds are favourable, of course. Place the Qualifying Bet What is a qualifying bet? Basically, it is the bet you have to place before you receive the free bets from the operator.

What if the bet loses? If you see the picture below you can see, we have chosen to back outright the teams to draw the game. This is the first bet and is a 1 X 2 that nearly all of us have placed before. First, you need to calculate the odds relating to the qualifying bet and cover any loss potential.

To cover your potential loss liability , you head over to an exchange like Betfair , and then lay against the draw at around 3. It is important to remember, the steps are the same as above, but when you place the back bet, it will be using the free bet! It is worth noting here, the higher the odds, the higher the profit. Although, you will also need more money in your exchange account to cover any liability. Just repeat these steps over and over, and you will find yourself accumulating a very tidy profit.

Withdraw the Winnings The most rewarding aspect of the process is collecting your payout. There are a number of rules you have to follow before you can get what is owed. Basically, you need to withdraw to the same account you deposited with, and you have to make sure you have proved your identity to the bookie. Sounds easy, and it is. This is where organisational skills come to the fore and is where those not so good at it fall down.

In simple terms, we can say it is matched betting explained. All it takes is dedication and hard work, and you will be laughing. Check out our comprehensive answers below, and they are sure to allay any fear you could possibly have. The first question that everyone wants to know the answer to, is how much is it possible to earn with matched betting? And how long does it take? At this point, it is necessary to make some clarifications. In the first phase, if you avoid any mistakes, you can accumulate up to pounds in the first month alone, thanks to the exploitation of welcome bonuses.

Later, using only periodic promotions, you can get up to pounds a month. Is Matched Betting Legal? Using this method nothing is done illicitly, one is merely exploiting a flaw in the system, but always remaining within the limits of the law and terms and conditions of the bookies. Always use the bonuses and promotions of online bookmakers authorised by respected gambling commissions, such as the UKGC or the Government of Gibraltar Gambling Commission.

How Risky is it? Is it Gambling? Here comes the big news. Matched betting is NOT gambling. There is no risk percentage of any kind. Everything is in fact calculated mathematically. How could a bet go wrong if you bet on all possible outcomes? The winnings are guaranteed, but to get them you need to work and invest some time. In fact, it is very important not to make calculation errors and stay focused when you are betting on a match, to avoid mistakes that may cost you dearly.

Why do Bookies Allow it? This is a legitimate question. If it is mathematically possible to profit from bonuses without risking anything, why would online bookies allow it? The answer is simple: offers and promotions are a very important means that betting sites have in attracting new customers.

The percentage of those who use them to do matched betting is low and therefore for online bookies, it remains accepted. In addition, operators have no way of knowing if anyone taking advantage of the bonus partakes matched betting or not. Actually, answering this question is not at all simple. At first glance, it may seem complicated and can scare away those who do not know the world of betting.

But this can not be more wrong in reference to matched betting. Tools and Software that can be Utilised As already mentioned, there are many tools to be used to help you along your way. None more so than oddsmatchers that will calculate your profit potential and show you games to bet on without doing the research.

Of course, you can do this yourself, but these tools are simply invaluable in saving time. They can be found all over the web. How much time you want to invest should weigh into this decision. Even so, we found the free services worked fine, as long as you are willing to do some leg work.

Another very important thing to do is use Excel or another similar spreadsheet service. Here, you can track all of your bets and accounts. This kind of planning will help you in the long-run, and anyone who is serious about matched betting will definitely do it.

In the box below we have highlighted some of the most important ones to follow, to maximise your profit-making potential. Which ones are the most important? Well, apart from stating the obvious and saying they all are, we would tell you to focus on planning with a calendar. What is matched betting? The gambling industry is a competitive marketplace and just like any other business, bookmakers run offers in the hope of attracting new customers. We can use matched betting to extract a guaranteed profit.

How does matched betting work? There are two types of bet involved in matched betting: back bets and lay bets. A back bet is where we bet that something will happen, like betting that England will win the World Cup. We can place back bets at any bookmaker.

We can only place lay bets at a betting exchange. We can therefore use this strategy to qualify for free bets at little to no cost. We can then repeat the process with the free bet to extract our profit.

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Bettors have numerous US and international betting markets to choose from and this is undoubtedly one of the best apps on the market. You will discover all of the significant bet types on the app including player prop bets, moneyline bets, point spreads, futures, parlay bets and live betting. We recommend this app for matched betting as the sign up bonus is excellent.

We often see free bets provided by BetMGM as part of promos throughout the week. This is fantastic so make sure you take advantage of these offers. There are also state specific offers. Bettors will find lots of props and parlays options on this app which that compare favorably with any top US betting site. All of the important tabs are located at the top of the screen, so you will always have a point of reference if you get lost.

The BetMGM sports app has grown in popularity in recent years and is a superb option for anybody looking to get involved with matched betting. The brand then looked to the US as part of expansion plans, and has made some quick progress.

One of the key reasons why we recommend this app for match betting is you have access to over 15 different sports, which includes all of the major domestic leagues. The app is fast with a clean design and uncluttered, meaning you can access deposits and withdrawals quickly. PointsBet has its own in-house software developers, so typically the odds and prices look different from other sportsbooks mentioned on this page.

The app feels unique when you visit, and provides some nice variety. This bet type is high risk and high reward. There is also regular bonus offers, which we feel are some of the most creative around. Ultimately the key with matched betting is guaranteeing yourself some cash while choosing from a wide range of betting options.

All of the apps listed above have excellent promos with huge amounts of markets. Applies to your first real money bet on horse racing within the promotional period. If your bet loses, your stake will be refunded as a free bet. The free bet will be valid for 7 days. So, stick to the big meetings and races, like those broadcast live on ITV. Here are the odds at Coral for a race eligible for their risk-free bet offer.

Your decision will likely depend on the commission rate you pay at each exchange and the lay odds available. Here are the lay odds at Betfair for the same race. Higher odds mean a larger liability at the exchange, so go for whatever suits you and your bankroll. It allows the calculator to factor in your refund and provides you with the correct overlay stake. The amount you enter will differ per offer depending on how the bookmaker pays the refund and the terms of any free bets or bonuses.

Select bet type Qualifying Bet - Use when placing a bet to qualify for a free bet or bonus. Free Bet - Use when converting a free bet or bonus into cash. Money Back if Bet Loses - Use when losing stakes are refunded.

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There you go! Matched betting can be risky because mistakes can be made — especially by beginners. Mistakes can be costly because all your earnings are on the line. The concept of matched betting can be difficult to understand. As a result, you should consider using a matched betting calculator. Moreover, there is also the risk that the bookmaker may restrict our account if we win too much. This is standard procedure. How can we avoid this? Check it HERE. Another factor that increases risk is odds changing.

So now you go to the exchange and want to place a LAY bet, but it turns out that the odds have changed because the event is minutes away, and the odds have just gone crazy. To check the odds online we can recommend using the betting odds comparison service. It saves a lot of time and gives you the real information that is required for profitable betting. In addition, there is also the possibility that there is not enough money available at a given odds that you should bet.

That means you could lose your entire BACK stake. As we can see, the risk is not completely zero, but it decreases significantly as you gain experience. So it is safe to say that the level of risk is entirely up to us. Not sure where to start? We are here to help you! Step-By-Step Matched Betting guide for dummies! Step 1: Create an account on the exchange. Before creating an account, check out the welcome offers offered by various exchanges such as Betfair , Smarkets , Ladbrokes , Matchbook , Betdaq etc.

Unfortunately, at the time of writing this article, Betfair did not have any exchange promotions for new customers, so we decided to go with the Matchbook exchange. It offers a vast number of markets, and it is by far the best option for any beginner to start with. Step 3: Change the odds As you can see in the picture above, the standard Coral bookmaker setting displays fractional odds.

It will be your first small step in reducing the risk of making a mistake. Doing so will make it much easier for you to operate with the odds and make calculations. It would significantly increase the risk of making a mistake. By the way, you can use the useful odds converter to do it. For example, according to the rules of the Coral welcome bonus, your qualifying wager can be placed on any sport — but it must be at odds of 1.

You should also look for close odds between your back and lay bets at the bookmaker and the exchange. Step 5: Place your bets We found the closest odds in the Premier League event. We place a LAY bet by placing a bet at odds of 1. The question is, how much should we bet on lay? We used our matched betting calculator to handle the calculations without any issues, which is available here. Step 6: Congratulations, you have your free bets! We just received the free bets and could use them on any single or accumulator bet , but why not repeat the process to get guaranteed winning bets?

Instead, you will only receive the profit that you would have made on a typical wager. The BetMGM sports app has grown in popularity in recent years and is a superb option for anybody looking to get involved with matched betting. The brand then looked to the US as part of expansion plans, and has made some quick progress. One of the key reasons why we recommend this app for match betting is you have access to over 15 different sports, which includes all of the major domestic leagues.

The app is fast with a clean design and uncluttered, meaning you can access deposits and withdrawals quickly. PointsBet has its own in-house software developers, so typically the odds and prices look different from other sportsbooks mentioned on this page. The app feels unique when you visit, and provides some nice variety. This bet type is high risk and high reward. There is also regular bonus offers, which we feel are some of the most creative around.

Ultimately the key with matched betting is guaranteeing yourself some cash while choosing from a wide range of betting options. All of the apps listed above have excellent promos with huge amounts of markets. If you are looking to get involved in matched betting, the apps above will provide you with a great platform. Just one-in-a-million people win large amounts of money from online betting; most bettors lose sizable amounts of money when betting, making the bookies extremely rich; that is why they have enough money to offer those fantastic incentives mentioned earlier.

No-risk matched betting was created by a bettor who had lost a large amount of money to bookmakers and explored ways to regain his lost money. Thankfully, the founder was generous enough to share their breakthrough with people for free. Lots of UK bettors who match bets have profited from this method, and so many more are still to benefit from it, especially in the USA, where matched sports betting is quickly gaining momentum.

Matched betting USA is currently gaining a lot of traction thanks to the abolishment of the Professional and Amateur Sports Protection Act, otherwise referred to as PASPA, and I think every bettor should seize this opportunity of making money off these bookmakers.

The following paragraphs are a complete guide on how you can make money from matched betting. You need to understand that matched betting is not gambling in the conventional sense.