Matched betting at online betting sites is a betting strategy used by punters that takes advantage of free sports bet offers. In a nutshell, it is possible to use free bets to earn a guaranteed profit. Every online bookmaker will offer free bet offers especially when there is a big sporting event taking place.
The free sports bet offers available to existing players tend to be smaller bonuses than the introductory free bets on offer, but they’re offered on a fairly regular basis. Also, when you have multiple betting accounts, it allows you to take advantage of many different free bet offers to increase your earning potential.
The basic idea is that you can extract the free bet offers by betting both for and against outcomes in sporting events at the same odds the bookmaker is offering. It is possible to bet against an outcome, which is known as a lay bet, and online betting exchanges like Betfair allow its players to place these lay bets. By betting on both outcomes of the event, the two bets will effectively cancel each other out.
You might be asking yourself what’s the point? Well, the key to earning a guaranteed profit is to repeat the process but this time you will place a wager with the free bet offer that you’ve received instead of your own money. Regardless of the outcome, you are guaranteed to make some money.
It would be possible to keep doing this so that you can book a guaranteed profit until all of your free bet offers have been used. So it’s not a long term strategy, however, matched betting can be done on any sporting event just as long as it’s possible to bet for and against an outcome. You will need some initial capital so that you can start claiming free bet offers with online bookies like William Hill and Sky Bet.