Betting on sports online is very risky.
You will probably lose in the long run like 98% of players! To avoid losing and reduce your losses and only win from online betting, you can use the system called Matched Betting. When using Matched Betting you don’t really care which team wins, you’ll make money either way.
Betting on sports online is very risky. You will probably lose in the long run like 98% of players! To avoid losing and reduce your losses and only win from online betting, you can use the system called Matched Betting. When using Matched Betting you don’t really care which team wins, you’ll make money either way.
If you already bet online, you will probably notice that many online bookies offer you promotional offers. When you place your first bet, the bookie gives you bonus money to bet. For example, when you sign up with a bookmaker, you get £50 in free bets after your £50 bet is paid off. But to get this Sports betting bonus in your wallet, you have to meet the bonus conditions which are often very tough. For example, you have to transfer your money many times at high returns to be able to withdraw a bonus and you will probably lose your bonus.
To safely withdraw the bonus you must use betting exchanges.
Betting exchanges allow you to place bets where simple online bets only allow you to back an event that will happen. The Lay bet is opposite to the Back bet which means you will win money when any other match outcome occurs. For example, LAY team A to win a match. You will win money when team A loses and team B wins or it is a tie.
To extract bonus, you need to place the BACK bet on a bookmaker and remain the same event on the exchange bet. In the end you end up losing nothing. Basically you get two results:
- You end up losing all the money and bonuses at a bookie and win the same amount of money and extra bonus money at the betting exchange.
- You have safely completed the bonus terms at a bookie and can now withdraw bonus money.
Now your bank is 50kg bigger, you have safely withdrawn bonus money. Repeat the process with other bookmakers.
You can apply this method to many online bookmakers that offer bonuses and free bets. In the end you will have quite an impressive amount. Check out our free bets list to find out more about free bets and bonus offers from bookmakers.
It may seem difficult at first, but once you get the hang of it, it’s actually a very easy way to make money. And it’s almost risk-free!
To find out more and get useful tips and advice on matched betting, read our Matched Betting Guide.