Matched Betting for Dummies

Sports & RecreationsCasino-Gaming

  • Author Nicholas Mcnelis
  • Published October 7, 2017
  • Word count 554

Matched betting is a great way to make money. It can return huge profits with no risk, and very little effort required. We really think that everyone should be doing it.

However, most people in Australia have never heard of matched betting, and when they do it can seem a little intimidating. A lot of people also feel like it sounds too good to be true. They assume it is a scam.

In this article i hope to show you that neither of those things is true. Matched betting is as good as it sounds and, with a little help from bonusbank, it’s easy for anyone to do.

WHAT IS MATCHED BETTING?

Let’s start with what matched betting is not: Matched betting is not gambling.

Make Money Online Matched Betting

At no point do matched bettors try to predict the outcome of an event. In fact, you can do it even if you know nothing about sports. Also, at no point are matched bettors at risk of losing money. When we matched bet we are guaranteed to make a profit no matter who wins and who loses.

That’s the bit that sounds too good to be true, so let me explain how it works…

BOOKMAKER BONUSES

Bookies are always trying to get people to gamble with them, so they offer sign-up bonuses to new customers. These bonuses give the new customers extra money to bet with, usually double or treble their initial deposit amount.

It would be great if you could just withdraw this money back to your bank account, you would double or treble your money straight away. Unfortunately it’s not quite that easy. The bookies require you to place some bets before you can withdraw.

If you just place these bets like a regular gambler, you might win or you might lose. But if you place them like a matched bettor, you will be guaranteed a profit every time.

HOW TO GUARANTEE A PROFIT

After placing a bet with a bookmaker, matched bettors use a betting exchange to bet on the opposite outcome.

A betting exchange is like a marketplace where you can buy and sell bets. So you buy your bet from the bookmaker and then you sell it to someone else on the exchange. By doing this you remove all of the risk.

You won’t win any money on this bet, but you won’t lose any money either. However, you will now be able to withdraw the bonus that the bookie gave you.

IS IT REALLY THAT EASY?

Pretty much…but there are a few other variables to consider:

-Bookmakers and betting exchanges don’t always have the same odds

-Each bookie bonus has different terms and conditions that have to be navigated

-Betting exchanges charge commission on the bets that you place there

All of these things make matched betting a little more complicated, but with the right tools anyone can do it.

Matched betting software can identify the best opportunities each day, and calculators are available to help you figure out exactly how much to bet on each outcome. If you are in Australia, you can find both of these things at bonusbank, Australia's number 1 matched betting community.

Try matched betting today, there really is no better way to make risk-free profits.

Nicholas McNelis has been travelling the world since 2010, using matched betting as his main source of income. In 2016 he co-founded www.bonusbank.com.au to help other people do the same.

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