If you are someone that struggles or has previously struggled with a gambling addiction I strongly advise you do not follow this strategy. Matched Betting is a strategy where you look to take advantage of the offers that betting companies provide new/existing customers. An example of matched betting is as follows.
You receive an offer “Bet £5 and receive a £5 free bet”. You place a £5 bet on the betting site, you will then use what is called a betting exchange, which is basically a betting site that allows you to bet against other people rather than the bookie, these exchanges allow you to “lay” a bet (bet that the outcome will not occur). You will use a matched betting calculator, input the odds of the initial bet and the stake used followed by the odds of the lay bet (the calculator will tell you what stake to use). Place the stake the calculator advises you.
When this bet concludes you will usually lose around 50p, however you now have a £5 free bet, you will repeat this process using the £5 free bet to lock in guaranteed profit. The process differs ever so slightly as now on the matched betting calculator you will use the “free” bet option to let the calculator know you are using the free bet and it will adjust the stakes to help you lock in this profit.
Of course this is only a brief overview of what matched betting is, I intend to use this blog as a way to highlight ways in which money can be made, there is so much information out there for all topics I will eventually cover, but I wish to highlight them and give my thoughts on which ones are the best, one of my favourite free websites to use is matchedbettingblog.com, they have the matched betting calculator I mentioned and tirelessly update their website with free bets that bookies are giving out so please take a look!