Matched Betting: The bet you cannot lose

Matched betting…

Imagine there was a way to guarantee profit from sports betting.

Or even better…

Imagine you make profit not only once but over and over again to earn thousands of Euros.

You’d probably want to know how.

Let’s tell you about a betting technique that is risk free, easy to learn and very profitable; and perfect for you!

Matched Betting for beginners

The online market for bookmakers is extremely competitive. To attract your business and ensure you keep betting with them, bookmakers give out free bets and bonuses as incentives.

Matched Betting is a risk-free betting technique that guarantees profit from exactly these bookmaker bonuses and free bets.

The technique relies on maths, rather than luck. It has nothing to do with gambling.

When Matched Betting you always place two bets.

The first bet is called a back bet and here you bet with a bookmaker on e.g. Germany to win.

Then you place another bet with a betting exchange on Germany to not win. This is the lay bet.

Regardless of the result of the game one of your two bets wins.

What about a draw?  If the game ends in a draw, Germany did not win the game. Hence, your betting exchange bet wins.

By betting on all outcomes of a game, the result is no longer relevant.

Matched betting

Here is how you guarantee profit from bookmaker sign up offers

The most common sign up offer in Germany is where you get a 100% sign up bonus of up to €100 on your first deposit.

If you deposit €100 into your bookmaker account, you get another €100 and hence have €200 in total to bet with.

So far so good.

The catch is that you cannot just withdraw your €200. The bonus comes with a wagering requirement, meaning that you must place bets of a certain value before you can take out your cash.

Often, this wagering requirement amounts to €500-€600. This may sound like a lot but actually, you continue to bet with the money you have already deposited and therefore there’s no need to deposit any more money to meet the requirement.

By using matched betting, you get guaranteed profit from bookmaker sign up offers.

Here is the process.  

Matched betting

First you find a football game to bet on with a bookmaker.

Let’s say you choose Manchester United to beat Liverpool at odds 2,10 and want to place a €10 bet. This is the back bet. If your back bet wins your profit is £11 (€10 x 2,10 = €21 – the stake of €10 = €11).

The next step is very important, and the reason Matched Betting is risk free.

You now place a bet at the betting exchange on Manchester United to not win the game. This is the lay bet. Let’s say the odds are 2,20 and you lay €9,54 with a liability of €11,45.

Here is the breakdown of your back and lay bet.

Matched betting

As you can see you will lose €0,61 or €0,62 no matter of the outcome of the game.

So how does that guarantee profit?

In order to fulfil the wagering requirement, you have to place €500 worth of bets. That is 50 bets of €10. As the example above illustrates you can expect to lose €0,62 per €10 bet.

50 bets with a loss of €0,62 is €31.

If we then subtract the €31 from the €100 bonus, your guaranteed profit is €100-€31 = €69.

Matched betting

Bespoke matched betting software will not only do the calculations for you, but it also finds the best game to bet on.

Sounds good, right?

Complete the wagering requirement faster

Now, 50 bets of €10 sounds like a lot of work. Don’t worry though, there are ways to speed up the process.

Firstly, you don’t have to place €10 bets. You can also place 10 bets of €50. That makes it already look easier. 

At this point it’s important to ensure that you have enough money in your betting exchange account when you place your lay bet as the process otherwise wouldn’t be risk free.

Secondly, you won’t necessarily have to complete the wagering requirement. Let’s assume your back bets lose with the bookmaker and the lay bets win with the betting exchange.

The €200 from your bookmaker account will have moved into your betting exchange account. Since your bookmaker account is empty, you are actually not able to complete the wagering requirement.  That’s really the best option.

How do I know what to bet on?

Easy…

You use the DoppelWetten Oddsmatcher.

Matched betting

This matched betting tool will find the games for you to bet on and do all the calculations for you.

All you have to do is place the bets with a few clicks.

How profitable is Matched Betting?

Matched betting is very profitable.

At the time of writing there are 57 bookmakers sign up offers on the DoppelWetten website with a combined bonus of almost €6000.

And sign up offers are just the beginning. Even when you have completed them all there is plenty of money to be made from matched betting.

Finding offers

It is really easy to find bookmaker promotional offers. Start with the bookmakers you know. Just go to their website and you will see their current sign up offer.

You can also just google bookmaker + [your country] e.g. bookmaker + Germany. The result will bring a mix of bookmaker sites and various lists of available bookmakers.

You can make thousands from sign up offers alone.

After the sign up offers: Do you want to continue making risk free money from sports betting?

Making money from the sign-up offers doesn’t end here.

The fun continues.

You can still earn money once you are done with the sign up offers.

In the next article you can read exactly how you can continue making money with matched betting after you have completed the sign up offers.