Matched betting an easy way to make money
Risk free betting utilises freebets and are a great way to bank build and notch up some risk free money. Using an effective matched betting strategy can accumulate a decent size profit a figure of over £1000 is achievable using this method.
To implement a matched betting method you will need to open a bookmaker account with a free bet promotion, (a free list of bets is available at free bets online) and a betting exchange account such as betfair or betdaq.
The system works by placing a bet at the bookmaker and then laying (betting against) it off at the betting exchange, when using this method all your doing is hedging your bets in such a way that eliminates risk allowing you to have a risk free bet. 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.
In order to implement matched betting properly you need to place two rounds of bets, the first round consists of a placing a qualifying bet and the second round involves using the free bet stake, which is where you make the money For a free guide on risk free betting take a look at onthesmartmoney.com
Tips when matched betting
When matched betting the idea is to maximize profits the higher the free bet stakes the better your overall return will be. A £50 free bet is much better value than a £10 one for example. From personal experience I have found the best time to take advantage of high value bets are when special events are taking place. A prime example is the famous ‘Cheltenham horse racing festival’ in March. For some reason at this time of the year bookmakers love to give big free bets away that you normally cannot get at other times of the year. An example this year (2009) is ‘ladbokes’ they were offering a free £200 bet throughout the festival. To qualify all you to do was open an account place a bet and you would receive a freebie bet to the same value. This type of great offer never seem to materialize at others times of the year. So take advantage when they come along.
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