If you want to make money from home then Matched Betting is one of the easiest ways to do so. But what is Matched Betting?
But surely Gambling is not a guaranteed way to make money?
Well, although you do place a ‘Bet’ with the bookmakers, it is not ‘Gambling’. You turn the tables on the bookmakers to give yourself the ‘Edge’.
How can you make money from home with ‘Matched Betting’?
Matched Betting is quite a wide ranging subject. In quick summary though, instead of placing bets that require an outcome in your favour, you place bets to take advantage of bookmakers offers. To net a profit you use the offers to your own advantage to guarantee a return. The actual results of a race or match often don’t matter as you guarantee a return no matter the result.
Let’s work through a quick example;
Koln are playing Leipzig in the German Bundesliga on Monday 1st June 2020. At the time of writing it is possible to to have a bet on the Draw at 4/1 (or odds of 5.0 in decimal format). But isn’t that just betting I hear you say?
Here is the trick. At the same time it is possible to use a Betting Exchange to ‘Lay’ a bet against the Draw for the exact same price of 5.0. By ‘Laying’ you are actually BACKING the outcome NOT to happen, so in this example you are Betting on the draw NOT happening.
Using the excellent tools provided to members of the Oddsmonkey* website, you can quickly work out what your ‘risk’ (or lack of) is, as shown;
If the Match finishes as a Draw, then you will ‘win’ £40 into your Bookmaker account. But you will pay out a ‘loss’ of £40 on the ‘lay’ with the Betting Exchange.
Conversely, if the match was not a Draw, then you ‘lose’ the £10 to the Bookmaker but you ‘win’ £10 into your Betting Exchange account.
Net position therefore is that you cannot win and you cannot lose! Genius!
But I made no profit so what was the point of these bets?
The above ‘transactions’ were placed to qualify for the Bookmakers ‘Free Bonus Bet’ of £10. These offers are given to entice you to place a bet with them (the offers vary in their terms of course). Once you have received the £10 ‘free bet’ you then follow the same procedure to GUARANTEE yourself a profit from the outcome.
With the free bonus you then place a ‘Bet’ with the bookmaker WITHOUT any risk to yourself. Let’s assume we have used Oddsmonkey* again and have found a selection that can be backed at 10/1 (11.0 decimal). This selection is also available to ‘Lay’ on an Exchange at 11.0. Now look at the results within the calculator when we use the ‘Free Bet SNR’ option;
Assuming we follow the simple Standard approach then we would ‘Lay’ a stake of £9.09 on the outcome which would mean a liability of £90.90. If the selection wins then you will ‘win’ £100 into your bookmaker account which is £9.10 MORE than your liability.
What about if the selection loses? Well, if it loses then you will receive the £9.09 into your Smarkets account from the ‘Lay’. Have you ‘lost’ to the bookmaker? No, as they gave you a FREE hit! The £9.09 is therefore also a PROFIT. You are in a ‘Win Win’ situation all because of a free bet!
How much money have I made?
From the worked example you’d have generated a profit returning around 91% of the value of the free bet. Not a bad investment return at all and a great way to make money from home.
Sign up to Oddsmonkey* now and start making money online as easily as this.