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When it comes to earning money from home, there are plenty of different options you could consider to make the most of your free time – and one such option that you might want to try is matched betting. But what is matched betting, and how can you make the most from your matched betting efforts? Today, we’ll be explaining matched betting to help you find out more about this earning opportunity and give you the advice you need to find effective solutions.
What is Matched Betting?
What is matched betting? Matched betting explained well is surprisingly easy – but it’s important to take some time before starting your matched betting journey to make sure you’re getting it right. Luckily, we can help you understand what matched betting is and how it works, which in turn should help you make the most of your free time and earn a rather nice income on the side!
Matched Betting Explained: A Summary
So, what is matched betting? Matched betting, at its simplest, is a betting method where you bet on a single event to win and lose simultaneously – meaning that, no matter what the outcome might be, one of your bets will always win.
When you balance the odds correctly for your matched betting (usually by using a matched betting calculator) you’ll only ever stand to lose a few pence. In some instances, if you get lucky with your odds, you can even stand to make a guaranteed profit on every bet!
Since you’ll only ever be losing a small amount of money on your win and lose bets (which we refer to as “back” and “lay” bets), matched betting strategies offer a valuable opportunity.
Many bookmakers, in an effort to get customers to place bets – especially on big markets and events, such as the Grand National races – offer special discounts and promotional offers. Some common example of these offers include getting your money back in the form of a free bet if it should lose or win.
How to Make Money From Bookie Offers
We’ve outlined the basic aspects of matched betting at this point: backing an event to win, laying an event to lose, and taking advantage of bookmakers’ offers. But how does this work in practice?
The best way to explain how to make risk-free, untaxed money from bookie offers is to give an example of how it works. So, let’s take a scenario whereby a bookie has offered a risk free bet up to £20. With these bets, the bookmaker will usually offer money back on your bet as a free bet of the same value.
So, let’s say you place a bet on a horse to win for £20 with odds of 5.0. At this point, you then head to a betting exchange, and find the same horse; now, you’ll want to lay the horse (i.e. bet that the horse doesn’t win), and you choose to lay the horse at odds of 5.2. For the sake of this example, we’ll assume there’s no lay commission.
Using a matched betting calculator, as shown above, will give you the bet you need to place on the horse not winning; in this instance, for a £20 bet that the horse would win, we lay the horse for £19.23, and a liability of £80.77 (liability is the amount you’ll need to pay up if the horse wins and your lay bet loses). These calculations are shown by the Profit Accumulator matched betting calculator below – you simply need to plug in a few numbers, and that’s it!
As you can see from the example above, if the horse wins, we’ll lose £0.77. However, if the horse doesn’t win (which is more likely, considering the number of racers), we’ll lose £0.77 but win a £10 free bet!
Then, to use the free bet, we simply need to repeat the same process, but selecting one of the Free Bet types – SNR if the bookie doesn’t return the stake, or stake returned if they do. You can check this from the Terms of each offer. As you can see from the calculator screenshot below, at this point, we stand to make a £15.38-£15.40 profit, no matter whether the horse we choose wins or loses. And so, for a £0.77 loss, we made a large profit margin overall.
That’s all there is to it! In the above example, we’ve picked a low-risk, generic matched betting offer, where we stand to likely profit by £15, but have a small risk of the horse winning initially in which case we’d lose £0.77. However, there are also offers that are completely risk free, or you can use matched betting calculators’ advanced tools to ensure a smaller guaranteed profit in any situation.
Hopefully you’re now confident that matched betting, explained, isn’t quite so tricky after all. Once you give it a try, it’s actually quite straight forward!
Is Matched Betting Legal?
Is matched betting legal? Well, yes! In fact, matched betting is entirely legal, and while bookmakers don’t necessarily like that their customers are betting without risk, it’s completely legitimate. The bookies don’t lose any money directly through matched betting, and
Choose the Profit Accumulator Matched Betting Calculator to Help!
If you think that matched betting might be a good option for you to consider, then we highly recommend you give Profit Accumulator a try! Profit Accumulator’s standard matched betting calculator can be used for free, but we recommend you sign up for their subscription to make the most!
Profit Accumulator’s matched betting explanations and guides are incredibly helpful, and their forum allows you to find all of the most lucrative offers. Plus, the paid subscription gives you access to many more matched betting calculators that will give you even more options for your matched betting earnings.
To Try Profit Accumulator today click HERE and take up their FREE TRIAL and make up to £40 to show you how its done! A great way to make a bit of profit or use the profit to sign up a member of Profit Accumulator
If you have been looking for a way to earn money from home, matched betting could be an excellent option to consider. Indeed, since matched betting involves money from gambling, you won’t need to pay any tax on your income from matched betting, and it’s easily possible to earn £300+ per month as a side hustle with matched betting dependant on how much time you want to put in. Plus, when you choose a matched betting calculator such as Profit Accumulator, matched betting soon becomes an almost effortless endeavour.
To this end, if you’ve been looking for a new option for making a little money in your free time, matched betting could be a good option to consider. The level of risk in matched betting can vary between no risk and low risk – so,