Last Updated: Wed, 01 Feb 2017 12:52
Most sports fans like a little flutter on the weekend.
Be it a football accumulator, an EW on a horse, or the winner of a Formula One race, we love nothing more than the potential to win hundreds or even thousands on our favourite sports! But, how often do we win? Once in a blue moon? Never? Well, that is about to change. With matched betting, you have a strategy whereby you will make a profit each and every time, irrespective of the outcome of the event. This is a risk-free profit generating opportunity, and below we will tell you everything you need to know about it.
These things are always too good to be true
We understand if you are naturally hesitant. After all, someone guaranteeing you profit on every bet you make seems too good to be true. But, all we ask is that you take a read through this guide. We were sceptical in the beginning too, but now weve made several thousands of pounds, all through matched betting.
Why isnt everyone doing it if it is so amazing? Well, there are two reasons:
1) Not everyone knows about it
2) Not everyone understands it
We are here to breakdown those barriers. It may be a lot for you to take in at first, but that is why we are going to talk you through a real-life example and give you a FREE trial using the Yesbets matched betting service. But, more on that later!
The basics regarding matched betting
Matched betting is NOT gambling in the traditional sense. In fact, there is no gambling involved. You dont need to predict an outcome or have any sporting knowledge in order to do it. Matched betting simply involves using the free bets and promotions that bookmakers provide in order to guarantee a profit each and every time. To do this, you need to be aware of two very important types of bet: the back bet and the lay bet.
A back bet is placed via a traditional bookmaker, such as Ladbrokes or William Hill. This involves betting FOR something to happen.
"I bet that Thistlecrack will win the Cheltenham Gold Cup 2017."
A lay bet is the opposite. It is placed via a betting exchange, such as Smarkets or Betfair. This involves betting AGAINST something happening.
"I bet that Thistlecrack will not win the Cheltenham Gold Cup 2017."
As you can see, if you place a back bet and a lay bet, you have all outcomes covered. You cant lose.
If you placed these bets with your own money, they would just cancel each other out. However, place the back bet using a free bet, and you can guarantee profit every time, no matter the outcome.
Matched betting in action
Lets take a look at matched betting in action with the Coral example.
At the moment, Coral offer new customers £20s worth of free bets when they sign-up and make their first bet of just £5.
Small offers like this are good to start with, enabling you to build up your bank balance and complete bigger offers in the future.
To complete this offer, firstly, head to the Coral website, make an account, and deposit the required £5.
Next, sign up with a betting exchange. Deposit £40 for this offer.
Were going to go with Betfair.
If you remember, the offer said you need to bet £5 before you can receive the free £20. This is known as a qualifying bet.
Instead of scouring through every option on Coral and comparing it with Betfair to find a close match, were going to use the handy Yesbets software, which does all of the hard work for us.
The software finds a close match: Sheffield United to beat Walsall.
So, head to Coral and place £5 on the selection.
Next, head to Betfair and place the stake suggestion (£5.28) on the selection.
Make sure all of the numbers add up before confirming.
You wont have made any money from this, but you will have unlocked your free bets, which are credited as 4 x £5 free bets. This is where the magic happens!
We turn to the Yesbets software again.
The software suggests the selection Gawdawpalin, which is a horse racing at Kempton. As you can see, you will make £4.18 from this, no matter whether the horse wins or loses. So, if you do this with all of your free bets, you will make over £16 risk-free.
All you need to do is again head to Coral, and place the free bet on Gawdawpalin. Then, head to Betfair and place the stake suggested on the horse. Its as simple as that!
Is this really risk-free?
The only real risk is human error. If you follow the steps, and make sure all of the numbers add up, you cant go wrong. One important tip: Always place the back bet before the lay bet!
Tell me more about this Yesbets software
The Yesbets software does all of the hard work for you. It tells you exactly what to place your qualifying bet on and your free bet on. It works out the stake you need to lay as well. Otherwise, youd have to manually search through the bookmaker websites, which would take ages, and then youd have to do the difficult calculations yourself! The Yesbets service also includes access to all bookmaker offers, tutorials on how to complete each one, video guides, and access to a friendly Facebook community group. Its the easiest way to get started with matched betting.
If you are still feeling a bit unsure or perhaps perplexed, dont fret. We are giving you the opportunity to use the Yesbets service FREE of charge. Join our free trial today and start making some risk-free cash. You are not obligated to continue with our service, and we wont take your credit card or debit card details.
Have you an opinion on this story? Put your money where your mouth is and claim a free £25 bet.