matched betting uncovered

Matched betting by definition is a form of arbitrage that allows you to generate risk free profits by using free bets in conjunction with betting exchanges. Using an appropriate strategy you should be able to compound a decent amount of profit within the regions of £700 to £1000.

To apply such a strategy you need to open a ‘betting exchange account’ such as betfair and also a ‘bookmaker account’ that is offering a ‘free bet’ promotion. For a list of free bets take a look at free bets online

The system works by placing a bet at the bookmaker and then laying (betting against) it off at the betting exchange, essentially all your doing when applying this technique is hedging your bets to create a profitable scenario that eliminates risk. 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.

To apply the strategy you’ll need to place two separate bets. Firstly a qualifying bet using your own money, and then another bet using the ‘free bet stake’ For a free guide on matched betting take a look at onthesmartmoney.com

Tips when matched betting

When using a matched betting strategy you want to be in a position to squeeze as much value out of the free bets as possible. To do this there are few factors that you can implement to enhance your potential returns. These including taking higher odds I recommend when placing a bet with free bet stake to opt for higher odds at least over 3 in decimal, it is also useful to find events where the odds at a bookmaker are comparatively close to betting exchange lay odds, which is also an important factor when placing qualifying bets too.