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What do you mean free money?
Allow me introduce you to the concept of matched betting. Something which I see as a good way to build some risk capital for financial trading. And is a genuinely legitimate way to make online money as easy as possible.
Matched betting is a risk free way of using a bookmakers free bet to secure a
secure a guaranteed profit by betting on all outcomes. Free bets are available from many different online bookmakers which basically means we can make consistent money and gradually build for example a small £50 capital into over £700 by gradually going through each book. This is something I can say that I have achieved.
Free bets are found all over online. Such as :
How does matched betting work?
As stated we bet on all outcomes. To do this I need to first explain what both a back and lay bet are.
Back = We bet England to win at odds 1/1. If we stake £10 and England win we get £10 stake back +£10 totalling £20. If we bet £10 but England lose we lose £10.
Lay = We bet England to lose at odds 1/1. If we stake £10 and England lose we get £10 stake back +£10 totalling £20. If we bet £10 but England win we lose £10.
Now, this is the clever bit, what happens if we bet both a back bet and a lay bet? We don’t win we don’t lose but as far as the bookmaker is concerned we have placed a bet and so now deserve a free bet as promised. This is where we now have free money which we then turn into real money by again betting on all outcomes only this time we don’t use our money for the back bet we just lay it off and secure our guaranteed profit. Believe me things will become clear when you go through steps 1-7 below.
What's the risk?
As stated this is betting on all outcomes so is theoretically sound but, there are a few things that can go wrong. Such as :
Rules may differ on the bookmaker when compared to the exchange. Odds might change fast on the exchange. Market might not have enough liquid so the lay bet gets partially matched. Or just plain human error say betting England but you didn’t realise you bet on a different market. Say you by accident bet Scotland to win rather than England.
Always read the terms and conditions. Always see how much you need to rollover before being allowed to cash out.
But believe me all these concerns melt away as you gain more experience. It is one of the easiest and most fastest ways to make decent amount of money online.
On the 1st bet you have to be prepared to take a small loss of around 50p-£1 depending on how close the back and lay odds are.
Different bookmakers have different rollover requirements. I’ve made a list of bookmakers as seen on right labelled Easy Free Bets and On Loss Free Bets. They all have easy roll over requirements.
How much profit can I make?
I have personally made over £700 from matched betting. I’ve been able to do this because there are lots of bookmakers out there all wanting you to place bets with them and are happy to give you a free bet incentive to join. As an example lets look at the following offer :
Betfred have a Bet £10 get £30 in free bets offer.
Where if your a new customer and bet £10 you then get £30in free bets.
All in after following through the matched betting process you are guaranteed to profit approximately £20 from those free bets. Do this across 40 books and that’s £800 profit!
But, it all depends on what you want to get from it. There’s no reason you cant make £1000’s from this through bookmakers repeat offers. Some give loyalty reward free bets which means a regular side-line income.
Also the more capital you have the faster it is you can profit from this. Okay it might be slower if you can only use £50 funds as then you will have to wait for the money to go back to your account so you can place the next bets. But, if you have say £500 then you could do this across multiple books at once and profit much quicker in effect doubling a larger amount faster.
What follows now is a guide I’ve prepared giving a step by step process of turning a free bet into real money. We are going to use Betfair for our lay bet and Betfred for our back bet. Both presently offer free bets. Like I said once you know what your doing you will realise this is child’s play as things always get easier the more you do them. All going well once you have followed this through exactly and felt what its like making real money it should be clear on on how you can go on to make £1000’s.
Open a Betfred Account
Go to Betfred on left you will see a list of categories. 8th down you should see the table “promotions” select this. You will then see the following offer :
Select register and fill in the form and deposit at least £10. Leave it open and ready to place bets.
Though always check the terms and conditions. Do this by selecting “Details” on left next to “Register”.
This offer will give you £30 in free bets up to 10 hours after your £10 bet settlement. But within these terms let me point out :
Your first bet must be placed at a cumulative price of evens (2.0) or greater. Make sure the odds are above 2.0 or you wont get the free bet!
This is a very easy offer as these free bets only require you to bet once as opposed to other bookmakers that require more rollover before your allowed to cash out. I have listed books according to how easy it is to complete these terms. See right sidebar.
How much money do I need to start matched betting?
£50 is all you need to start all you need is enough to back then lay off on betfair. Although the larger the capital the faster it is to profit as you can place multiple bets and profit multiple times.
Do I need a separate bank account for matched betting?
Yes absolutely the very nature of the method is to back and lay. You need 1 bookamker and a1 betting exchange.
Do existing users get more free bet offers?
Sometimes they gove reloads to existing customers. Other bookmakers also offer free bet clubs where if you place say £50 worth of bets you get a £10 free bet. This is an ongoing way of profiting.
Disclaimer : Please note that neither the author nor this website accept any liability for how you use the advice given on this page. So read it carefully, and if you decide to follow the matched betting steps then you use it at your own risk!
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