Free Ways To Do Matched Betting With Free Bets
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Matched betting is one of the hottest trends in online gambling today. This relatively new form of wagering has become increasingly popular among those who want to make money online quickly and easily. With matched betting, you can place bets for free or at discounted rates, which puts more money in your pocket.
In this blog post, we'll discuss how to get started with matched betting by taking advantage of free bets available through many bookmakers on the web, so if you've ever wanted to try your hand at making a little extra income through sports betting without spending a lot of cash upfront keep reading.
What is Matched Betting?
Matched Betting is an effective way to make guaranteed profits without taking risks. It is a gambling technique used by bonus hunters and non-risk bettors to gain free bet money and other incentives provided by bookmakers.
This method takes advantage of the fact that bookmakers offer free bets and bonuses, which can cover all possible game outcomes, ensuring you make a profit regardless of the outcome.
You can do free matched betting once you have learned the basics.
What Are The Benefits?
Using matched betting strategies for financial success has many advantages. As mentioned, this strategy involves no risk, as it operates on mathematical equations rather than chance or luck. You also don't need to have any specific knowledge about sports betting or even the sport itself, as the bets are based on mathematical equations.
How Matched Betting Works
Matched betting is an easy and risk-free way to make money from free bets offered by bookmakers. It involves placing a back bet (betting on something to happen) and a lay bet (betting against something happening) simultaneously, using different betting sites so that you are covered no matter the outcome of the wager.
You will permanently lose some money when you place your first matched bet, known as qualifying betting; however, this will be made up for with additional free matched bets or free bet promotions.
By following our guide, you can focus on maximising your profits with free bets and other promotions available from bookmakers.
Matched betting ensures that you are guaranteed a profit due to its risk-free nature, meaning that you will gain profits no matter the outcome of the wager. It eliminates any potential risk from your bets, offering a significantly better chance of making money than other forms of betting.
Backing & Laying Bets
Matched betting is a great way to generate long-term profits. Still, there are two fundamental principles that you need to understand to be successful. The first of these is the difference between back bets and lay bets.
Back bets are the traditional form of wagering in which we "back" something to win. For example, when selecting horses for a grand national event, bettors will select one or more horses they believe will win the race.
If any of those horses come in the first place, those who backed it will win their bet. Online betting exchanges like Betfair popularised lay bets. With lay bets, instead of betting on something to win, we bet that it won't.
The gambler essentially becomes a bookmaker, allowing others to back their selection with the expectation that if it does not come in the first place, they will collect any stakes placed against them.
By understanding both back and lay bets, you can start taking advantage of matched betting opportunities and generate long-term profits from your wagers. With some practice and dedication, you can become an expert in this exciting form of betting! Get started today, and let the profits roll in!
What is a free bet?
Free bet is a type of promotion offered by bookmakers that allow gamblers to place a bet without staking their own money. Bookmakers offer free bet promotions because they know that customers may find it attractive enough to bet more than they would generally be willing to, potentially turning into loyal and regular customers.
The bookmaker pays for the stakes if the customer loses, meaning there won't be any lost profits. Alternatively, the bookmaker may pay for the whole stake or part of it, depending on how much you placed before you made your qualifying stake.
Another free bet some bookmakers offer is a 'refund offer', which provides a refund if you lose your stake. This arrangement favours the bookmaker as it doesn't take much for the bettor to lose a bet.
This is why bookmakers are confident enough to offer free bets to their customers, knowing that they will be able to make more profits from regular gamblers.
How do free bets work?
Free bets work by betting with a bookmaker and an exchange. When you place a free bet, it will be matched to the correct selection at the bookmaker. Then, if your bet wins in the bookmaker, it will be lost on the exchange.
On the other hand, if your free bet at the bookmaker has lost, you will still win on the exchange.
To make it easier for you to understand how free bets work. There are several online resources provide comprehensive guides and tutorials to help you better understand the concept of free bets and apply it to various betting scenarios.
So, if you want the most benefit from your free bets, take advantage of these resources and follow the matched betting guide to maximize the chances of winning.
Matched Betting Strategy without free bets
This strategy does not require free bets, making it even more attractive for those looking to exploit their restricted access.
This is one way to do free matched betting.
To illustrate how this works, let's take the example of Aguero scoring first in a match. The bookmaker might offer you odds of 6.00 for him doing so, while the Exchange would provide lay odds of 5.9
Taking advantage of the difference between these two markets allows you to profit without placing additional stakes or risking your funds. This is called arbing or arbitrage.
This strategy requires careful consideration, as understanding the bookmakers and the exchange markets is essential for successful execution. It also requires discipline to spot good opportunities and patience to avoid losses due to a lack of knowledge.
Be careful when you arb though as prices can fluctuate quickly!
Despite these challenges, this betting strategy offers a fantastic opportunity to make extra money without using free bets. With just a little time and effort invested, you could soon reap the rewards of being an informed bettor!
How to do Matched Betting?
Matched betting is a simple process that anyone with little knowledge can complete. It involves placing two different bets on the same event or game. This way, you can guarantee a profit no matter the outcome. Watch the video below to find out more.
To do this successfully, bettors must carefully analyse and compare odds from different bookmakers, then use these to place their bets to maximise their potential profits.
It may sound intimidating at first glance, but matched betting is relatively easy to understand and execute. With just a few instructions and some practice, even those who have never gambled before can become successful match bettors in no time.
The key lies in understanding the fundamentals of sports betting and the different types of bets available. Once you have a solid understanding of these concepts, it's simply a matter of learning the best strategies for you and honing your skills.
Overall, matched betting is an excellent way to make extra money without taking too much risk. It can be beneficial for stay-at-home moms looking for a bit of financial relief but don't want to commit to full-time employment or take on the risks associated with other forms of gambling.
With just a bit of research and practice, even students or parents on a budget can benefit from this unique opportunity to increase their income. Matched betting truly is an exciting prospect that should not be overlooked!
What is a qualifying loss?
A qualifying loss is money you lose by placing a bet to unlock your free bet wager. Although it may seem like investing a small amount, it can provide an extremely high return in terms of winnings.
In the example opposite you can see we bet £5 at the bookmaker at odds of 1.61.
The lay odds at the exchange are 1.65 and has a commission of 2%.
If we place a lay bet of £4.94 we will cover all outcomes of the match but lose £0.16.
£0.16 is our qualifying loss.
Don’t worry about the qualifying loss as you will make a lot more by using the free bet.
Arbitrage Betting
Arbitrage betting involves taking advantage of the difference in odds offered by different bookmakers for a particular event. In this case, it was the Arsenal vs Man Utd game. By combining two optimum odds from different bookmakers, you can guarantee a profit no matter the match's outcome.
Arsenal were 2.6 to win at William Hill while Arsenal not to win was 2.4 at the exchange. Combined, they offer an excellent opportunity to maximise profits without utilising free bets or other incentives available on some sites.
Arbitrage betting is a great way to maximize your profits and minimize the risk of loss by taking advantage of the available betting options. By combining two bets with a fair chance of success, you can ensure that you will profit no matter the outcome.
No need to worry about free bets or other incentives offered by some bookmakers – arbitrage betting lets you pick and choose from the best odds on offer! So what are you waiting for? Take advantage of this great opportunity today to increase your winnings!
The outcomes may vary depending on which team wins. Still, if done right with the correct odds, arbitrage betting could be a surefire way to maximize your profits regardless of who takes the victory.
With an educated eye and careful analysis, any astute bettor could turn a profit from this strategy. So start your search today and find the best odds to get the most out of your betting experience!
Betting exchange
Arbitrage betting is a great way to make guaranteed profits. It works by taking advantage of different odds from different bookmakers and betting exchanges.
In the example above, if you could find an opportunity where one bookmaker offers odds of 2.60 for Arsenal to win, and the Betting Exchange Lay Odds for Arsenal not to win is 2.40, you could make a profit no matter the final result of the match through betting exchange.
First, bet with the bookmaker at 2.60 with a £10 stake to do this. Then calculate your liability (with commission %) and place a LAY bet at odds 2.40 with a £10.92 stake (liability is £15.29).
If the Bookmaker bet wins, you will make a £0.71 profit. And if the Betting Exchange bet wins, you will make £0.70 profit - meaning that you can make a profit instantly, no strings attached!
When arbitrage betting, it is essential to remember that you need to act quickly to maximize your chances of success. Odds change constantly, and opportunities can come and go in minutes. Hence, it pays to be sharp and diligent when seeking these profitable opportunities.
Access to multiple bookmakers or betting exchanges also increases your chances, as does an automated alert system that notifies you when arbitrage opportunities arise.
Word of warning though. Only do arbing on gubbed accounts. Bookmakers hate arbing.
How to get free bets?
Free betting is simple to get your hands on. Taking advantage of the bookies' competition and signing offers can give you free bets in no time. Outplayed finds all of these offers for you and can save you huge amounts of time.
If that isn't enough, You can check a Reload Offer Calendar with additional free bets up for grabs! Visit the calendar each week to check out which reload offer applies to you at the time.
With these options, there are plenty of opportunities for you to earn some extra cash without any cost or effort involved. So don't miss out and start collecting those free bets today!
Once you have learned the basics you can do free matched betting but having Outplayed it cuts down the time to search for offers.
Matched betting offers
Matched betting offers plenty of potential for those under 18. It's important to remember that all matched betting offers come with a set of terms and conditions that must be followed to qualify for free bets.
Make sure you read these carefully before taking up any offer so that you understand precisely what is required.
Currently, the total amount available through free bets stands at over £1,000. This figure may change regularly, but we have made it easy for you to keep track by providing an updated list which can be accessed by clicking here.
Following the steps outlined above, you can take advantage of matched betting opportunities and use a range of fantastic free bet offers on Outplayed’s website.
Low odds example
If you place a bet on the team, Liverpool, you can bet at back odds of 1.62 or lay odds of 1.65. To further help your calculations, my Betting Calculator also has a 'Free Bet' option to calculate Betfair lay-bets.
For example, a £5 free bet on Liverpool with back odds of 1.62 will bring about potential profits of £1.87.
Now this doesn’t seem like much but once you get the hang of it all of these small amounts add up.
Select bet type
Regarding qualification betting, you must decide what bet you want to place. You can choose a free bet or use the money-back option if you are unsure if your bet will be successful.
Free bets are often recommended for those new to betting as they allow them to try out different bets without risking any money. With this offer, if you lose your bet, the money used for the free bet is paid for by the bookies.
Choose stake and odds
The next step is to choose how much money you want to stake on the bet and select the corresponding odds. You must select a reasonable stake amount for each selection in your bet, as the amount will be used to calculate the potential returns of your bet. Check the terms and conditions of qualifying for the free bet as these can vary from offer to offer.
Additionally, ensure that you are familiar with the betting odds used in the sport or event you are betting on and select a stake that corresponds with those odds.
Finally, before placing your bet, double-check all details, including the stake amount, selection of bets and corresponding odds. This will help ensure that your qualification bet is successful and can provide you with free bonuses or money back in case of loss.
High odds example
We have provided an example, but let's look at how it works when placing a free bet on higher odds. Let's say you placed a £5.00 free bet on Arsenal at the back odds of 5.50, and the lay odds were also 5.50; your potential profits would be £4.00!
Just enter your stake into our Free Bet calculator to get an accurate assessment of your potential returns based on the back and lay odds offered.
You can use this free calculator here
Back bet (Bookie)
If your back bet wins, you will profit £4.00.
Lay Bet (Bet Exchange)
If your lay bet (on the exchange) wins, you will profit £4.03.
This is roughly double the amount of the low odds example and shows the importance of using high odds for your free bet.
7 steps to matched betting profit
Once you've read the background information and understand how to do matched betting, it's time to get into the nitty-gritty of making money. Here are 7 steps for success with this method:
Find & place a new bet
For this step, you must find a new bet that meets the required criteria. Once you have found a suitable event and betting outcome, check out the odds offered on Betfair and make sure they are around the same on the lay side. Then place your bets to take advantage of the bonus offer. Once the game has finished you should then have the free bets.
Remember to calculate the liability for this bet continuously. This is a measure of how much money you would need to lay out on Betfair to make an equal profit regardless of the outcome of your free bet.
Once you have placed your free bets, wait until the event has been settled and then check back to confirm the outcome. You should now have made a profit regardless of the outcome of the matches. Depending upon the odds of the event will determine how much you have earned.
Congratulations, you have now taken advantage of an excellent betting offer and created a guaranteed profit in the process! Enjoy!
Repeat this process to beat the bookies!
Find and place your qualifying bet
Once you have decided on your sport, it's time to place your qualifying bet. It is essential that the odds for the selection are over of 1.5 to be eligible for most free betting promotions. You can use the Oddsmatching tool to quickly analyze your selections and compare them with the odds available at most bookmakers and exchanges.
If you choose to bet with Betfair, look for the pink box on each page rather than the blue one. There may also be a link titled 'Exchange' at the top right-hand corner of the page which should redirect you to the correct section.
With these simple steps in mind, you can easily place your qualifying bet and get one step closer to accessing your free betting bonus from William Hill!
Oddsmatcher tool (Qualifying bet)
The Oddsmatcher tool is perfect for maximising your profits and saving time. It compares the live betting odds offered by William Hill and many more bookmakers with the lay betting odds available in Betfair, helping you to find the best matches for your qualifying bet.
This process involves calculating the most likely odds and lowest losses, which can be difficult without the help of Oddsmatcher. To access this great tool, follow these four easy steps:
Click on the green refresh icon for the first time.
Select 'Qualifying Bets' from the options at the top of the page.
Enter your search criteria, including event type (e.g. football) and the number of matches, which will display the odds from the different bookmakers and automatically update as odds change.
Once you're comfortable with your selection of matches, you can then complete your qualifying bet to receive your free bets!
The Oddsmatcher tool makes this process easy and efficient, giving you more time limits. For more in-depth step-by-step calculations, the Oddsmatcher tool provides detailed guidance throughout.
This includes a comprehensive summary table of your selected bets, which can be seen at the bottom of the page. So, if you want to save time and maximize profits, try the Oddsmatcher tool today!
Oddsmatcher tool (Free bet)
The Oddsmatcher tool lets you quickly get the best available odds for your free bets. When you place a bet, you can use this tool to match the best odds from different bookmakers to make it as profitable as possible.
To start using the Oddsmatcher tool, select the refresh button and then follow these steps:
Select the sport you want to bet on, such as football or tennis.
Choose your preferred bookmaker from the list provided in the drop-down menu.
Once you have selected your desired bookmaker, our Oddsmatcher tool will display all available odds for that sport and bookmakers.
You can then compare the odds on offer and switch between tables to view all available matches and their respective markets.
The calculator will automatically update as you easily switch between tables to find the most profitable market for your free bet. Once you have identified the best match, place your free bet!
Withdraw the profit
Now that the results of both matches have been established, you are ready to withdraw my profit. To do so, you must log in to Betfair and William Hill. From the main navigation of each account, it is possible to select 'Withdraw'.
Once here, you can see all available payment options. After selecting your preferred method of withdrawal, you need to enter the amount you wish to withdraw, which is £57.33. Once submitted, it should take a few days to process the money and show up in my account.
It's worth noting that withdrawals from both sites may involve additional fees or taxes depending on what country you are in. Be sure to read the terms and conditions before submitting any withdrawal requests.
Conclusion
If you want to make extra money quickly and easily, matched betting is a great option. With this relatively new form of wagering, you can place bets for free or at discounted rates, which puts more money in your pocket.
In this blog post, we discussed how to get started with matched betting by taking advantage of free bets available through many bookmakers on the web. So if you've ever wanted to try your hand at making a little extra income through sports betting without spending a lot of cash upfront, now is your chance!
FAQs
How to do matched betting with free bets?
Matched betting with free bets is a popular way of making money by taking advantage of bookmakers' promotional offers. In matched betting, you use the free bet offered by the bookmaker to guarantee a profit regardless of the outcome of an event.
This is done by 'matching' your stake between the bookmaker and a betting exchange such as Betfair or Matchbook.
Can you use VPN for matched betting?
VPNs are not recommended when doing matched betting as it may lead to restrictions on your account due to suspicion from the bookmaker that you have multiple accounts. You should also be aware that VPNs can affect your connection speed, potentially making it difficult to place bets in time!
What is the Oddsmatcher tool?
The Oddsmatcher tool is a free online betting tool that allows you to quickly and easily find the best available odds for your free bets. It matches the best odds from different bookmakers so that when you place a bet, it's as profitable as possible.
Is matched betting legal?
Yes, matched betting is a legal and regulated practice in the UK. As long as you are 18 years or older, you can participate in online gambling activities such as matched betting.