Matched Betting UK News

People new to matched betting may assume the saying ‘sounds too good to be true’ and immediately discard the entire method as a scam or get rich quick scheme. I’m sure over the years that way of thinking has saved you from many tricky or costly situations, however matched betting is genuinely not ‘too good to be true’ if done properly matched betting can provide many real and repeatable results, this is Matched Betting UK News.

Matched Betting In The News

The first-time matched betting was featured in an article by a major news publication was in 2010.

The Guardian had featured two articles regarding matched betting. The first article highlighted that the World Cup, that was running at the time, meant an increase in the amount of free bets the bookmakers were promoting, and if there was a way to take advantage of these free bets (spoiler alert…yes there is).

“Free bets when you sign up online are the industry’s primary method of attracting new customers. For major sporting events – such as the World Cup – these offers increase in generosity because regular folk, who rarely think about betting, fancy a punt. The bookies obviously want to haul in new punters. What this article will show you is how to beat the bookies and pocket the cash from the free bets.”

The Guardian the dedicated another whole article to matched betting in July. In the Guardian article the journalist in question actually ended up earning £770 in his first month. Not a bad return.

“Could I really sit in front of my screen and make money from the bookies for nothing? The answer, to my surprise, was yes. Over the past month I have researched and used every decent online free bet introductory offer from a bookie. I’ve taken up 31 offers so far – and I’ve made in the region of £770. The money I have made has been absolutely risk free, it’s not been about gambling but about playing the system – and it was inspired by Guardian Money. I don’t even have to pay tax on my winnings.”

Later on in 2010, The Telegraph posted a very similar type of article.

“The money is there, and could be a welcome boost to your Christmas spending, if you’re willing to follow the instructions and put in the effort.”

In this article, the journalist talks through the process and tests it out himself. The results were very encouraging. However, he incorrectly calls it a ‘short term opportunity only’, which of course ignores that fact that bookmakers not only give out signup offers but also reload offers (free bets designed to keep punters betting).

If you did more convincing that matched betting is legit, you could always check out the Wikipedia entry. As far as I’m aware, Wikipedia wouldn’t have a listing/explanation for something that was considered a scam (and not mention that fact).

What Is Matched Betting?

Matched betting is the process of taking advantage of the free-bet offers that bookmakers give out. It is considered to be the most effective way of making money online.

The basic premise is that you place a bet with a bookmaker, then another equal but opposite bet (the opposite outcome of the bet placed at the bookmaker – called a lay bet) at a betting exchange. Regardless of the outcome of the event, you will win one of those bets (but they cancel each other out, so you don’t lose any money). Once you have placed this initial qualifying bet, and not lost any money in the process, you repeat the ‘matching’ process with the free bet. As you’re using the free bet amount at this stage, you will make a profit.

You can then repeat this process with all 60+ bookmakers in the UK, and the keep repeating it with the recurring offers the bookmakers will give out.

You might be thinking – why do bookmakers allow this to happen? The reality is, they can’t really do anything to stop it. It’s perfectly legal and well within their terms and conditions. Matched betting for them is simply an operational cost. They need to keep giving out free bet offers to attract and retain custom, the hard part is to keep on their good side and oddsmonkey guides show you how.

Why Use A Matched Betting Service?

It is perfectly possible to do matched betting without the use of a matched betting service, but it would take a lot more time and you without the step-by-step guides it would inevitable take a lot longer.

Using a service such as ourselves means you can do more offers more quickly, and make more profit. We find and test all the offers, write instructions, provide video guides and also software to help speed up the process. We also provide a forum, which is a great place to learn and also to ask questions. It can be a relatively complex process so having that community support is invaluable.

Click here to get involved. Oddsmonkey is the provider we can honestly and proudly support.

* Please note, the quotes above are taken directly from the articles themselves. Certain terms such as ‘risk-free’ and ‘guaranteed’  are the opinion of the author. 7

Smarkets 0% commission with Oddsmonkey

When inputting your figures into the matched betting calculator, the commission (which is expressed in percent) determines how much the exchange profits from your bets. An exchange makes profit as a percentage often 2% or 5% of your returned winnings, this funds the entire exchange thus an exchange is able to offer much better market rates compared to a bookmaker.

These numbers are input into the matched betting calculator so you know exactly how much is due from each win or loss on your qualifying or free bets.

BetFair exchange 5%
Smarkets 2%
Matchbook 0.75% or 1.5% (dependant on if you fulfil a bet rate, or offer a bet rate).

Right now, members of Oddsmonkey can enjoy 0% commission at Smarkets and Matchbook. Take advantage of this great offer to minimize your qualifying losses on exchange bets.

Smarkets 0% commission with Oddsmonkey