With the rise of the Internet, making money online has become one of the most popular searches on Google. Do a quick search for ‘make money online’ and there are over 180 million different results offered by Google. Matched betting is definitely one of the best and most effective ways to do this. It’s also incredibly easy to start with help from matched betting sites like The Sure Bettor. In today’s article we’re going to look at how to boss matched betting and become a pro in no time, allowing you to make a second income online risk and tax free.
What is Matched Betting?
For those of you that are new to matched betting or betting in general, this is a risk free betting technique taking advantage of bookmakers free bets and promotions.
In the last 5 years or so, the betting industry has completely changed, shifting to a more online based industry. More and more betting shops are closing due to high overheads and increasing online custom. This has led to a huge increase in online betting companies such as Bet365 and 888Sport. There are now hundreds of online bookies.
With all this competition, the bookies need a way to stand out. They need to do more to entice new and existing customers to keep betting with them.
In research carried out by Square in the Air, a communications consultancy firm, they reported bookies are willing to spend up to £300 in promotions and free bets to pick up new customers. That’s an insane amount of money to acquire just one new customer.
It’s these free bets and promotions that get matched bettors excited. This is where we make our money online. We take advantage of these free bets and promotions to make a guaranteed profit.
How does Matched Betting Work?
As we’ve already discussed, matched betting is a risk free method to guarantee ourselves a profit from bookies free bets and promotions. You’re probably thinking how can anything related to betting be risk free? It’s a question we get asked a lot.
Let me explain:
Matched betting is built around a concept called back and lay betting. This is a betting method that involves placing two bets, at two different betting companies. This method is used to cancel out the risk in ‘normal’ betting.
We place one of these bets at a traditional bookmaker like Coral and we place the other at a betting exchange which we’ll come onto next.
What is a Betting Exchange?
A betting exchange is an online marketplace which allows gamblers to bet against each other rather than against the bookies.
Betting exchanges allow the gambler far more flexibility over a traditional bookie which is one of the reasons they are so popular. Betfair were founded in 1999 and are now one of the biggest players in online gambling. They changed the way the industry functioned and ultimately facilitated matched betting.
Find out our views on the best betting exchanges here.
At a betting exchange you can place two kinds of bet. Back bets and lay bets. Back bets are the traditional and most common way of betting. You’d place this kind of bet if you went to your local high-street bookie. Lay bets are simply the opposite of back bets and we can only place these bets at online betting exchanges.
We use the betting exchange to place our lay bets. This allows us to back an outcome at the bookies and then lay the same outcome (bet against) happening at the betting exchange. So whatever happens in the event we’ll end up where we started. These two bets effectively cancel each other out.
We won’t go into the details of how matched betting works as we do this in other articles and tutorials if you become a premium member with us.
How to Boss Matched Betting
Below are 5 of the most important tips on how to boss matched betting:
Tip 1: Assisted Matched Betting
This tip is probably the most important one for beginners. Sign up to a website that will help you with matched betting. This is called assisted matched betting.
There are a range of different sites out there, some which are free and some which charge a small monthly fee, like The Sure Bettor. It’s up to you which you choose but we definitely recommend getting some expert advice from someone.
Matched betting can be a challenging concept at first but with expert help and tutorials you’ll get the hang of it in no time, allowing you to make money online like you never thought possible.
Sites which charge a monthly fee have a number of other premium features such as bet tracking, access to matched betting software and much more. Finding offers to complete is another thing that takes time and it’s more effective when you outsource this to a matched betting company.
Tip 2: Number of Bookies
As we said earlier, there are so many bookies online offering all kinds of promotions to attract and retain customers. At the time of writing there is over £1300 worth of free bets for new customers. Matched bettors can make a guaranteed profit from most of these offers.
We need to sign up to as many bookies as possible. The more offers we complete, the more money we can make from matched betting, it’s that simple.
Tip 3: Smarkets Betting Exchange
We seem to be one of the few matched betting companies who recommend using Smarkets. We find this very odd considering how great Smarkets are.
Here at The Sure Bettor, we love their platform and their industry leading commission rate of just 2%. Most other people recommend using Betfair. They are the biggest betting exchange with a higher liquidity than Smarkets but we still prefer Smarkets over Betfair. Read our in depth review on which betting exchange to use click here.
Tip 4: Check Terms and Conditions
Another important tip is to always check the terms and conditions of each offer. Once you’re ready to start making money from bookies free bets and promotions, make sure you check over the T and Cs very carefully. The bookies love putting qualifying requirements in small print so they can catch as many people out as possible. Don’t let them catch you out on the next offer you complete.
As premium members at The Sure Bettor, you’ll receive all the required information including key terms and conditions to complete the offer and maximise your profit.
Tip 5: Double Check Everything
Matched betting is one of the most profitable ways to make money online however, mistakes can be very costly. It’s very important to double check all your bets before you hit the ‘Place Bet’ button. Once you’ve hit that button make sure your bets have actually been placed. In the Betfair betting exchange you have to click two buttons to place your bets for example.
Overall these 5 tips should help you boss matched betting and allow you to start making more money online today.
Here at The Sure Bettor, our aim is to help as many people make money online using matched betting. This brilliant technique doesn’t get enough attention. Therefore we’d love you to sign up and join the fastest growing matched betting community. It’s free to join and you’ll be able to make £45 straight away!
We’ll see you on the inside very soon.
Until next time.