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Beginner’s Guide to Matched Betting

Matched Betting is a way of making some extra cash!

Matched Betting is a form of no risk betting where there’s pretty much zero risk to you (i.e you don’t lose any money). Using special opportunities that we find for you, you can actually place bets which mean you make a guaranteed profit!

Introducing the technique – Matched Betting…

 

How Matched Betting Works

The technique we use is called matched betting. Matched betting is where you place a bet at one bookmaker for a team to win, and then bet on that team losing at another bookmaker (usually a betting exchange like Betfair). The result is that whatever happens, you don’t lose overall. We’ll explain why shortly.

This on it’s own won’t make you a great deal of money. That’s why we use free bets from the bookies so that we’re betting with some of the bookies’ money, and some of our money. We then get to keep the profit from using the bookies’ money.

Bookies and Free Bets – how does that work?

In order to entice you to signing up with them, online bookmakers usually offer a whole range of free bets. However, rather than just give away free money (the bookie’s are not stupid!), there are usually conditions that apply to free bets. Usually you need to place a bet using your own money in order to qualify for the free bet.

1st Stage – The qualifying bet…

So in order to get our free bet from an online bookmaker, we need to place a qualifying bet. Different bookies have different conditions, but you usually need to place a bet of between £10 and £25 of your own money. For example, say you want to get a free bet of �20 from Totesport, this is what we’ll tell you to do:

  1. Consider a football match of Team X versus Team Y…
  2. You place a bet of £20 for this specific football match at Totesport for Team X to win.
  3. Place another bet on this match at Betfair for Team X not to win (i.e. a draw happens or Team Y wins). This is also called a lay bet.
  4. You are then covered if Team X wins or loses.
  5. You wait for the match to happen. Team X wins or loses, it doesn’t matter.
  6. If Team X wins, the winnings end up in Totesport, but you lose the same amount at Betfair.
  7. If Team X doesn’t win, the winnings end up in Betfair, but you lose your stake at Totesport.
  8. However, Totesport then give you a free bet of £20 because you met their free bet requirements.

Our matched betting tips will tell you exactly what bookmaker to bet with, and how much, so don’t worry about that for now.

2nd Stage – The guaranteed profit bet…

Now that we have a free bet (using the £20 free bet from Totesport as an example), we want to make a profit from that free bet. So this is what we do:

  1. Consider a different football match of Team A versus Team B…
  2. You place a bet using your free bet of £20 for this match at Totesport for Team A to win.
  3. Place another bet on this match at Betfair for Team A not to win (i.e. a draw happens or Team B wins). Again, this is called a lay bet.
  4. The numbers for the bets are slightly different to the qualifying bet, but we’ll tell you what those are, don’t worry!
  5. You are then covered if Team A wins or loses. Regardless of the result, you make a guaranteed profit!
  6. If Team A wins, the winnings end up in Totesport, but you lose the same amount at Betfair.
  7. If Team A doesn’t win, the winnings end up in Betfair, but you lose your stake at Totesport.
  8. Since we used the bookmaker’s free money to do half of our bet, we have made a profit! (Of around 50% to 70% of the bookmaker’s free bet)

If you don’t fully understand at this point, then follow through some of our previous no risk bets to see examples of actual numbers. Fundamentally, the system works because we’re using bookmaker’s money for half of the bet in the guaranteed profit bet.

So how do I make up to £595?

There is a total of £595 in free bet cash available from the bookmakers, which is therefore the maximum possible profit you can achieve from placing our matched bet tips!

How we’ll help you…

We’ll do all the hard maths for you and make it really easy for you to place your own matched bets. You’ll be making guaranteed profits from the bookies in next to no time! Each tip we release will tell you the following:

  • Which bookies you need to sign up with for the free bets
  • What football matches you need to bet on
  • How much money you need to bet, and where
  • Exactly how much guaranteed profit you can make on a given bet

All of our matched betting tips will be posted on the NRBet website. You can also sign up to our matched betting newsletter to ensure you get the latest tips as soon as we’ve found them.

Do you have any questions?

If you have any questions, please check out our Frequently Asked Questions section first. If you can’t find an answer to your question, then please contact us.