Although matched betting might seem difficult at first, don’t let the difficult terms and long processes put you off. Matched betting is used by thousands of pro-bettors to make free and risk-free money from betting sites. The main advantage of matched betting is that it is 100% risk free and profits are guaranteed.
How does Matched Betting Work?
In order for you to start making money from matched betting, there are a few key terms and facts that you need to understand first.
- Free Bet
A free bet is a bet placed using money provided by the betting site. A free bet does not require you to use your money to place bets.
- Deposit bonus
This is a certain amount of money, usually a percentage of your first deposit, that a betting site will give you in order to try out some features of betting site when you are new.
- Betting exchange
A betting exchange is a special type of betting site. Unlike a normal betting site, on an exchange you place bets directly against other players on the site. On a traditional betting site, you can only place one type of bet called a back bet. On a betting exchange you are able to place both a back bet as well as a lay bet.
- Back bet
This is to place a bet for the outcome of an event at a betting site. This is the normal type of bet that are usually placed in traditional betting sites. e.g. ‘I bet that Arsenal will win’ is a back bet. If Arsenal win then your bet has won
- Lay Bet
A lay bet is a special type of bet where you bet against an outcome. e.g. ‘I bet that Arsenal will not win’ is what we call a lay bet. In this case if Arsenal draw or lose then you have won your bet.
- Rollover Requirements
Usually there are specific qualifications that you have to meet in order for your free bet or bet using a deposit bonus in order for your bet to qualify. Rollover requirements are the number of times that you have to place a winning bet using your bonus in order for you to be able to withdraw your deposit.
Requirements/What You Need
- Learn how to sign up to international sites from Kenya. Check out our in-depth guide on how to do this.
- Betting sites that offer a deposit bonus or free bet. You can find many lists of such sites on the betmoran blog.
- An account on a betting exchange such as Betfair.
Step by Step Guide
The objective of matched betting is to minimize your losses and to get as much of the free bet or deposit bonus as possible.
- Create an account at Betfair/Any other Betting Exchange
A betting exchange is a unique type of betting site. Unlike a normal betting site, on an exchange you place bets directly against other players on the site. On a traditional betting site, you can only place one type of bet called a back bet. With a back bet you are betting that a certain outcome will occur e.g. ‘I bet that Arsenal will win’ is a back bet. If Arsenal win then your bet has won. On a betting exchange you can place back bets as well as a special type of bet known as a lay bet. On the other hand, a lay bet is a bet against an outcome coming true e.g. ‘I bet that Arsenal will not win’ is what we call a lay bet. In this case if Arsenal draw or lose then you have won your bet.
You need to create an account on a betting exchange so that you can get access to lay bets.
- Sign up at a betting site offering free bets or Deposit bonuses.
There are very many sites that offer free bets and deposit bonuses, you can use our list of 20+ international betting sites to find sites and their available offers. Make sure you have gone through our guide to learn how to deposit cash into the sites. Make sure you sign up to at least 10 betting sites with offers to make the most out of matched betting.
- Find and place a qualifying back bet on the betting site.
First, make sure you go through the terms and conditions for the offer you have selected. Now you need to find a football match that has almost similar odds on the site where you are placing the back bet as well as on Betfair.
Make sure that the match you have selected has odds that qualify the requirements set in place by the betting site. In most cases they will have a condition that the result selected must be higher than a certain odd e.g. 1.5. I will use the example of Liverpool vs Sevilla.
From the image you can see that I backed Liverpool to win the match on the betting site at an odd of 2.25 while I placed a lay bet on Betfair at an odd of 2.36. This is what we call a matched bet since we have covered all outcomes with the two bets.
- Claim your Free Bet/Bonus
Since you have reached all the required qualification, then you should be able to now claim your free bet on the betting site. You can see that irregardless of the outcome of the match, in the end you will have very close to the amount you started betting with without making a significant loss.
You now need to repeat the process using the free bet/bonus provided by the betting site.
- Withdraw your profit
In the end you are 100% guaranteed to make a profit, regardless of the outcome of all matches if you follow the steps as explained. Keep in mind that your profit will depend on the number of free bets or bonuses offered by the betting site, and it is therefore important to choose the site with the highest offer available.
This is only a simple explanation of matched betting. In our free ebook we go into detail on how you can make huge profits through matched betting. Enter your email below to receive a pdf copy of our ebook for free today.
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