If you put £5 on Sheffield with Sky Bet and at the same time lay Sheffield to the appropriate stakes (something I’ll come to shortly) you can ensure that whether they do or don’t win, your net loss will be just 13p (allowing for Smarkets’ 2% commission charge).īut now, because you are a new member, Sky Bet will give you £20 worth of free bets. You can back Sheffield United to win with Sky Bet at 4.75 (15/4 in the more traditional but less useful fractional style) and lay them with Smarkets at 4.80. Let’s say Sheffield United are about to play Spurs in the Premier League. But when your first bet qualifies you for a second (and in Sky Bet’s case much larger) free bet, it suddenly becomes a lot more interesting. With a normal bet this is obviously of limited value, as the two bets more or less cancel each other out. By backing with a bookmaker and laying the same bet at an exchange you can ensure that however the event pans out, you will only make a small loss or occasionally a tiny profit (depending on the odds available). bet that the outcome in question won’t happen). These sites allow anyone to lay a bet (i.e. You make use of a website called an exchange ( Smarkets and Betfair are two of the better known). So how do you turn this into a guaranteed profit? Well, that’s the clever bit. Once you have done this, Sky Bet will immediately credit you with £20 worth of free bets. To get this, you have to open an account with them and deposit and bet £5 at odds of evens (2.0) or better. The bookmakers Sky Bet offer a £20 free bet for new online customers. The best offers are those made to attract new clients. Matched betting is a method for making risk-free profits by taking advantage of offers made by online bookmakers. What Happens When You’ve Exhausted the Welcome Offers?.But be aware that it may not be quite as profitable as it once was. If you are new to matched betting – or have let it fall by the wayside recently – I do still recommend it. There are only a few good online bookmakers I can now use, and I’d like to go on flying under their radar for as long as possible before they ban me! So yes, in recent months I have started matched betting again, though in a low-key way. Even so, bookies are more cautious and wary than they once were, and offers are thinner on the ground. Thankfully that is changing now as we come out of the pandemic and normal life (more or less) is returning. My second reason is that over the last two years, with many sporting events cancelled due to the pandemic, there were fewer matched betting opportunities. That obviously makes it harder to take advantage of the offers matched bettors need in order to generate their guaranteed profits. The first is that since I started matched betting around four years ago I have had my account restricted (or gubbed, as we say in the biz) by many online bookmakers. Nick Making Money matched betting 12 CommentsĪ reader asked recently whether I am still doing matched betting as I haven’t mentioned it on the blog for a while. Can You Still Make Money From Matched Betting?
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