In 2020, I turned 18 years old.

That means I am old enough to place bets on football matches.

Please bear with me here.

Betting is gambling, and it’s risky.

When researching how to get started with betting, I discovered a method called matched betting.

This is a safe method of betting on matches, which involves no risk!

Completely legal.

The method is simple:

• You place a bet on team A to win.

• You also place a bet on team A NOT to win.

So how do I make money with this you ask? Sounds like break-even, right?

You need to sign up for a normal bookmaker and a betting exchange.

The bookmakers have welcome offers, where they give you extra money to bet with.

When you lose a bet with the bookmaker with the money they gave you, you will win it at the betting exchange.

You are turning your extra bonus money from the bookmaker, into profit.

Check out OddsMonkey for a detailed guide on how to get started, find offers and matches to bet on.

https://www.oddsmonkey.com/affiliates/affiliate.php?id=65516

Example:

You sign up for Bet365. You deposit £50 and get £50 in bonus.

You sign up for Betfair exchange and deposit £150.

Using the Oddsmatcher from OddsMonkey, you can see that betting on Chelsea against Barcelona would be a great bet with the odds similar on Bet365 and Betfair (I’ll explain in just a moment). Odds 3,2 and 3,3.

Bet365: Chelsea to win @3,2 (odds). Stake: £50.

Alright, now we need to figure out how much to stake at Betfair to be as close to break-even as possible.

For that, we use the betting calculator on OddsMonkey, which happens to be integrated with the Oddsmatcher. 😊

That’s why we chose relatively high odds. We want to lose with the bonus and win at the exchange.

The closer the odds on the exchange and the bookmaker, the lesser money we lose.

That is why I use Oddsmatcher on OddsMonkey.

It finds matches with similar odds on the platforms I use.

The alternative is to manually check the odds on both Bet365 and Betfair.

In other words, the Oddsmatcher saves time.

You can click directly from the Oddsmatcher to find the specific match at both your bookmaker Bet365 and your exchange Betfair.

Which means that you don’t have to search for the game on both those platforms.

Well, based on the deposit examples I’ve used you probably need to deposit more to the exchange, Betfair.

£150 - £112.19 = £37.81.

Now you most likely won’t have enough money to cover the liability.

Just to keep in mind, the lower the odds, the lower the liability. And if you’re new to betting – if the odds are low (close to @1), the outcome is more likely to happen.

To complete this bonus, you either must lose your entire balance on Bet365 (and win it on Betfair) or place enough bets to meet the requirements for the bonus.

The more bets you place, the less money you make.

Anyway, you’ll guaranteed make a profit after finishing a bonus (if you have enough balance on the exchange account).

Your profit will be bonus minus loss for each bet.

£50 - £2.20 - £? = Your profit.

The worst case is that you win every bet at the bookmaker and need to keep filling up your balance at the exchange.

The odds of that are high.

Normally, you’ll win some and lose some.

The value of the different welcome offers from the various bookmaker differ quite a bit.

To complete the biggest bonuses, you should have a lot of money ready to use on the exchange.

That’s why you should do those last.


There you have it.

A quick introduction to matched betting.

The reason this won’t make you unlimited amount of money, is that there are limited offers.

Most bookmakers have some sort of welcome offer.

Some of them also offer reload offers for existing customers.

Some promotions are only available in certain countries.

Matched betting is definitely a great way to earn some extra money to spend on your online business.

A more comprehensive guide for beginners can be found on OddsMonkey.


Click the link below to get started.

PS: The link above is my affiliate link. If you purchase a subscription, I will receive a commission. You need to be at least 18 years old to register at gambling sites.