Bookmakers always slightly load the odds in their favour, and Betfair will take a commission (generally 5%) from any winnings. If you follow correct guidelines you will make the same overall profit regardless of the betting result.īut are there risks that you might get it wrong?įirst, it's important to understand that, even with matched betting, you will always lose a small percentage on every bet you make. Team A's eventual result is mainly irrelevant as you'll always have one bet that wins, and one bet that loses. You then bet via a betting exchange (such as Betfair) that Team A won't win (that is, loses or draws). If you're not sure what matched betting is, you place a bookmaker bet on Team A to win (a 'win' bet). I don't really understand what their business model is, but they are a useful resource if you are going to try matched betting. You might be wondering if I work for one of these sites – I don't. They will also let you know if your partner can access the free bets, too.

You are told how much to bet, which bookmaker to place the transaction with, how much to 'lay' with Betfair, and what your overall profit will be. They also give you a list of the best qualifying bets related to the various bookmaker promotions. They will pinpoint virtually every single free bet offer available. This eliminated the risk of me getting my own betting figures wrong.Īny Google search will bring up matched betting sites, such as .uk and .uk. They also gave the exact profit of each trade as well as offering cashback. During my research I found matched betting websites that told me which online offers to accept, and worked out all odds, types of bets, and amounts to place. But even factoring that in, it works out at around £22 per hour tax free.īut whereas the original article suggested a couple of sports arbitrage websites for further reference this, in my opinion, was of no real practical help. I have had to sit in front of my computer screen, spending an hour or so most days over the past five weeks, working through the offers.

That said, it has not been completely free.

I don't even have to pay tax on my winnings. 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've taken up 31 offers so far – and I've made in the region of £770. Over the past month I have researched and used every decent online free bet introductory offer from a bookie.

Best matched betting site uk