My first steps into Matched Betting
Having lost so many of my recent bets I was determined to start recovering my losses from the bookies and having heard how much some people were making through a technique known as Matched Betting I knew I had to have a go.
The basic idea of matched betting is to sign-up for a new betting account with an online bookmaker that is offering a free bet as an incentive to attract new customers. This free bet offer will normally require you to bet through a qualifying stake before you receive the free bet, or in other words risk your own money first!
However there is a way of offsetting your liability by laying on the same result with a betting exchange, which is basically betting against the outcome you risked your own money on with the online bookmaker. This effectively cancels out your original bet and provides a risk free way of qualifying for the free bet offer. If you have never come across this idea then it can be very confusing but it should make more sense as I go through the bets I placed.
