What is matched betting? How OddsMonkey can help you make a profit

OddsMonkey – Matched betting in its simplest form is a way to turn the free bets offered by online bookmakers into real money.

By using these free bet offers to your advantage, it is possible to turn a profit.

In a nutshell, you bet both for and against a certain outcome and repeat the process again so that you ‘win’ no matter what the outcome.

Does matched betting really work?

You act as both the bettor and the bookmaker, matching your bets to ensure that you win regardless of the game’s result. It involves making two kinds of bets: back and lay.

The bets are placed with gambling operators who are offering the same odds so that the bets are cancelled out. For example, you back a football team to win a game at one operator and place a lay bet (effectively playing the role of the bookmaker) with another operator on the same team not to win.

You then repeat the process, using the free bets you’ve unlocked to make a profit.

Matched betting works because bets are made based on maths, rather than relying on luck. So while there is some overlap between matched betting and gambling (i.e. you’ll be placing bets and using bookmaker sites) gambling involves “taking a punt” on the outcome ending up in your favour, while matched betting doesn’t.

Are there any risks?

Matched betting is totally safe and risk-free in principle — theoretically, it will generate profit with certainty.

However, the Advertising Standards Authority (ASA) considers the claim of matched betting being 100% risk-free: “misleading because, although theoretically sound, the process was open to human error”.

In other words, the potential for you to make a human error that will lose you money exists, which means that matched betting cannot, therefore, be 100% without risk.

This is mainly because there’s a small chance that the odds will change in the time between you placing your back bet and lay bet, meaning that the bet is no longer properly matched.

A helping hand

But you don’t have to figure matched betting out on your own.

Matched betting services – like OddsMonkey – provide tools, calculators, training and 7 days a week support to provide you with all you need to start learning and earning.

Try OddsMonkey out now and join the thousands of members already enjoying the fruits of Matched Betting methods.

Click here to claim 10 days of OddsMonkey premium access for £1.

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