No risk matched betting save the student

Matched betting is all about locking in a profit. To do that, you simply repeat the process, covering all outcomes on another event, but this time using your free bet. Events can have more than two outcomes like a football match being a home win, away win or a draw. In addition, each result has a different likelihood of happening your betting odds. The basic principle remains the same, though the amount you stake on each outcome will vary. As with regular bookmakers, these allow you to place a bet that something will happen.

For example, you can bet that the home team will win a football match at a bookmaker. So, you still only need to place two bets to cover all possible outcomes. You always want to switch to decimal odds when matched betting. How do we know how much to lay? What is a qualifying loss? A qualifying loss is the small amount of money you lose when matched betting in order to unlock a free bet. It is a very small investment for a much larger financial reward. So, you lost 89p, but guess what?

We repeat the same process again, using the oddsmatcher to find us a bet at slightly higher odds. We decide to place this bet on Watford. The oddsmatcher is showing us that they have odds to win of 5. The lay odds are 5.

We can now see that the calculator is showing a healthy profit being generated. And we know this profit before the match even kicks off, irrespective of the result. The Next Steps The next stage of this is to do it for real and earn yourself your first matched betting profits! Scared to make the jump? I know exactly how you feel — I was in exactly the same position once myself. Step 1 Sign up for our free beginner course available here. Everything is broken down step-by-step and it has been used by thousands of beginner matched bettors already.

Step 2 The second step is to work your way through the course and all of the guides within it. This is absolutely NOT the case! I was already signed up to a massive 17 bookmaker sites before I started. There are usually different bookmakers to complete sign-up offers on at any one time. Most people spend between minutes on matched betting per day. The more time you put in, the more you earn. Generally speaking, you probably need around 15 minutes to get one bet on.

A great idea is to track the time you put in and the profit you make at the end of the month and then work out your own hourly rate. Is Matched Betting a Scam? The majority of people are skeptical when they first hear of matched betting. Thanks to an increase in sites and services becoming available, many are learning the power of it the easy and cheap way.

As more and more people try it out, more people learn how profitable it is and go on to tell their friends and family about it, spreading the word at rapid rates. This helps more people to become educated about the process and its legitimacy via word of mouth. There are currently tens of thousands of people in the UK that are actively matched betting every month. It was only a few years ago that I thought matched betting was a scam. My friends and family thought it was a scam too.

In fact, some of my family members particularly the older ones still think it must be a scam even now. It took me a reasonable amount of time to really do the research and actually get started because I was such a non-believer. As soon as you have a free shot at covering one of the teams, horses, whatevers, the very simple maths works in your favour.

You can lock-in a profit as soon as you have a free bet — i. Is Matched Betting Legal? Matched betting has been quite a well kept secret when you consider the amount of money that can be made doing it. It is is entirely legal. Firstly, there is a rise in competition between bookmakers. These bookmakers such as William Hill, Bet, Paddy Power and many more run promotions in order to try to attract both new and repeat business.

Promotions are easily exploited for guaranteed profits with the tactics matched bettors use, as seen in the example later in this post. The more promotions there are, the more profitable matched betting becomes. How Quick is it to Learn? No one is able to magically wrap their heads around all of this in an instant. However, most people learn the process in just a day or two. And yes, the first version of my spreadsheet was terrible!

Just look at my first spreadsheet pictured below. Matched betting works best when you are able to invest in completing multiple offers at once.

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