Matched Betting Strategy – Taking the Gamble Out of Gambling
Matched betting by definition is a form of arbitrage that allows you to generate risk free profits by using free online bets in conjunction with betting exchanges. Using an appropriate strategy you should be able to compound a decent amount of profit within the regions of £700 to £1000 https://totoposition.com/.
To apply such a strategy you need to open a ‘betting exchange account’ such as betfair and also a ‘bookmaker account’ that is offering a ‘free bet’ promotion.
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.
To apply the strategy you’ll need to place two separate bets. Firstly a qualifying bet using your own money, and then another bet using the ‘free bet stake’. A typical example of how it’s done is shown below.
Real life example – using a £50 free bet
Bet type: Qualifying bet- £50
Event: Bolton v Fulham: Saturday 14th March
Bet: Bolton to win
Odds: Bookmaker odds: 2.1 | Betting exchange lay odds: 2.16
Profit /loss: £-2.73
Free bet stake
Bet type: Free bet- £50
Event: Barnsley v Crystal palace: Tuesday 17th March
Odds: Bookmaker odds: 2.2 | Betting exchange lay odds: 2.45
Profit /loss: £33.53
Matched bet overall profit: £30.80
The figures above all include betting exchange commission set at 5%