You can only place a lay bet at a betting exchange such as Betfair. "I bet England will not win" is a lay bet. A 'lay' betīetting against a certain outcome to come true. You can place a back bet at any bookmaker, such as Paddy Power, William Hill, Betfred etc. If England lose or draw, you lose your stake. If it comes true, you win the bet and the winnings. "I bet England will win" is a backing bet. But it's important you know two types of bet which allow matched betting to work: A 'back' betīetting for a certain outcome to come true. Almost all bookmakers advertise these offers to entice new customers to place bets with them.įor example, "bet £25 with us and we'll give you a £25 free bet!".įirstly, you don't need to know all the betting terminology if you follow the steps below. Matched betting is a technique that mathematically generates a profit from free bet promotions offered by betting companies. One of many comments on this page by other readers What is Matched Betting? I'll be taking you through the 'need-to-knows' then showing you how I made £17.73 in 20 minutes in a full-blown example. Make sure you understand it 100% before depositing any money, and please ask any questions if unsure of anything. But I have taken my time and been very careful to avoid making mistakes.ĭo not rush this guide. I've used it myself for several years and have never lost any money doing it. Matched betting is legal and a spokesperson for William Hill has indicated the betting industry does not have a problem with this use of free bets – Wikipedia Matched betting allows you to turn the tables on the bookmakers to extract their free bet offers. What I'm teaching you here is a completely legal, tried-and-tested method called 'matched betting'. It includes screenshots and a free oddsmatcher tool. The result is this guide, where I'll share the exact steps with you too. And I've got company too after walking a good friend through this technique. But I have made enough money from bookmakers in just six months to pay for an £860 flight (return) to Australia using matched betting.
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