Ever heard of matched betting? Don’t worry, most people haven’t either. So let’s firstly take a look at what matched betting is and then go into the reasons as to why you have probably never heard about matched betting before, and how to go about cashing in on it yourself. The aim of this article is to give you an overview of how matched betting works.
What is matched betting and how does it work?
Matched betting is nothing new, in fact, it’s been around for some time. In its most simple terms, it allows you to turn a free sign-up incentive offered by a bookie into real cash that you can withdraw into your account.
You need to place a series of bets in order to profit from this system. The first set of bets will qualify for the incentive offered by the bookie (e.g.: The bookie will give you a £20 free bet when you deposit £20 for the first time with them), and the second set of bets allows you to turn that free cash incentive into real money you can withdraw into your account.
Why isn’t everyone doing this?
The reality is that matched betting works but requires a great deal of time and effort to make any real profit from it. Not to mention a good understanding of mathematics, bookie odds, a method of checking what markets are available for you to bet on, and a method of finding what the current bookie incentives are. Sound complicated? Well, that’s because it is, and that’s the reason you have probably never heard the term “matched betting” before.
That’s where OddsMonkey steps in. Our intuitive system guides you through the process step by step. We will check the markets and tell you what and how much to bet on, keep track of your bets and do all the hard work for you, all you need to do is follow our step-by-step instructions.
Sounds too good to be true! What’s the catch?
Matched betting is not a get-rich-quick scheme, you are limited to the number of sports betting sites incentives you can qualify for, and the available markets you can bet on at that time. You need a debit card to make deposits with the bookies and a small amount of cash (anything from £50-£200) to outlay on bets to get started. You can expect to earn anything from £50 to £500+ a month, depending on how many bets you have placed.
Sounds like a scam?
It’s really not. The tools themselves will never ask you to directly supply them with any credit or debit card information. Only the bookies themselves will require that information from you. The tools are simply a betting advisory service.
So what’s in it for us if we don’t take any money from you? We have an affiliation with these sportsbooks and get a commission on sign-ups. That’s why we can offer you our matched betting service totally free of charge.
Am I guaranteed to make money from this?
Yes, you are! The mathematics behind it can provide for you. We’ve tried this ourselves and it works. But don’t come and think you will really make thousands per month. It’s just a way to make 300-500£ per month if you follow the process.
What should I be concerned about?
It is quite likely that any bookie you register with will send out large volumes of bulk/junk email to the address you registered with. For that reason, we would suggest that you create a separate email address to use for bookie registrations.
Some bookies may carry out a credit check on your credentials, as well as normal KYC verifications. This in no way affects your credit rating, but may however leave a digital footprint on it.
Other than this, really the worst that can happen is that the bookie will block your account without giving you the winnings, but will let you withdraw your initial funds – this rarely happens because most of these sportsbooks make so much money that they don’t really care.
The last thing you should be worried about is going to the casino and spending there your winnings. Remember we are using this method to make money and not to spend them.