"What is the point in that" I hear your say, but this is exactly what I suggest you do if you want to make money. Through a couple of very simple techniques and good math, you can tell to the nearest penny how much you will profit before a match/race has kicked off, no matter the result. The system is called Matched betting: In summary, bookmakers offer free bets to entice potential customers to open new accounts. In order to get a free bet you usually have to place a bet with your own money. Match betting is the process of hedging (laying at a betting exchange) your free bet. This takes all of the risk out of your bet with your own money, and in turn allowing you to then use the free bet as you please or use matched betting again to extract a known profit. The name of the game in any investment is to reduce your risk in order to increase your profits. Here are 8-steps to doing just that using Matched betting: 1. Do your research thoroughly - Don't just rush in; fully understand what you are doing before you start. Matched betting is risk free only when you know what you are doing. You can lose money if you don't. 2. Open a new email account - You have to give bookmakers an email when you sign-up and I imagine you don't want lots of junk coming into your existing email. 3. Join a betting exchange - A betting exchange is like a sports stock market, unlike traditional bookmakers you can back a team to lose and draw as well as win. 4. Choose a free bet offer - There are hundreds of bookmakers out there offering amazing sign-up offers, just have a hunt around. 5. Find the closest odds between the exchange and the bookmaker - You can spend time searching manually yourself, but some of the best matched betting websites will automatically do this for you. 6. Place a qualifying bet - This is the bet you must make with your own money, don't worry it's not at risk as you will hedge this using a betting exchange. 7. Place your free bet - This is the bonus the bookmaker will give you. You can either punt this on a bet of your choice, but I suggest hedging it again using an exchange, to lock-in a profit. 8. Collect your guaranteed profit. |
