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Matched betting is an increasingly popular betting technique that allows you to make money from free bets and promotions offered by bookmakers. Matched betting can be carried out on almost any sport; however, the two most popular sports for this betting method are football and horse racing.submitted by Odds_Monkey to u/Odds_Monkey [link] [comments]
Matched Betting Basics
It's important to note that matched betting is not gambling, as you are not relying on chance to win. Instead, you are using mathematical techniques to ensure that you make a profit from the free bets and promotions offered by bookmakers.
Understanding Back and Lay BetsIn matched betting, a "back bet" is a bet that is placed on an outcome to happen. For example, if you place a back bet on a horse to win a race, you are betting that the horse will win. On the other hand, a "lay bet" is a bet that is placed on an outcome not happening. For example, if you place a lay bet on the horse not winning a race, you are betting that the horse will come in any position apart from first
In matched betting, back bets and lay bets are used together in order to ensure a profit from the free bets that you have claimed. By placing a free back bet with a bookmaker and a lay bet with your own money on a betting exchange, you can cancel out the risk of losing your own money and instead make a profit from the promotions you have found.
For example, let's say you have a free bet of £10 with a bookmaker. You could use this free bet to place a back bet on a horse to win a race. Then, you could place a lay bet on the same horse to win the same race on a betting exchange. If the horse wins the race, you will lose your lay bet but win your back bet, resulting in a net profit across the two bets.
Back v Lay
Using The OddsMatcherOur market-leading OddsMatcher is the original matched betting software. We wanted to build a tool that makes matched betting easy and accessible for everyone. Since its first iteration back in 2010, we’ve evolved and improved the OddsMatcher to help our members make profits as quickly and easily as possible. As your eyes when it comes to finding the best odds and your brain for all the calculations, this core tool helps unlock profits in minutes and is essential to anyone thinking about giving matched betting a go.
There's also more advanced matchers to help you get the most out of matched betting once you’ve finished the welcome offers including:
Matched Betting CalculatorsMatched betting calculators are online tools that help you calculate your potential profit from a matched bet. They take into account the amount you staked on the qualifying bet, the potential winnings from the free bet or promotion, and any potential losses from the lay bet.
To use a matched betting calculator, you simply enter the relevant information about your bets, such as the amount of the free bet, the odds of the outcome, and the amount of the lay bet. The calculator will then calculate your potential profit and show you the steps you need to take to place your bets and make a profit.
Matched betting calculators are a valuable tool for anyone who is new to matched betting, as they can help you understand the potential profit from a bet and ensure that you are making the right decisions. They can also save you time and effort by doing the calculations for you, allowing you to focus on placing your bets and making a profit.
The calculator will show you exactly how much to back & lay
Advantages of Matched BettingThe main advantage of matched betting is that it allows you to make money from betting sites’ promotions. Matched betting is that it is a no-risk way to make money. Since you are not relying on chance to win, but rather using mathematical techniques to ensure a profit, there is no risk of losing money apart from your qualifying bet in order to get the free bets.
Additionally, matched betting is a flexible way to make money, as you can do it from anywhere and at any time. All you need is an internet connection to find some bookmakers that are offering free bets. Matched betting can be seen as a unique opportunity to supplement your income without risking your own funds.
January 2023 sign up offer value
Matched Betting with OddsMonkey?When it actually comes down to Matched Betting, there is one site that offers an experience based around this method, that being OddsMonkey. We provide both software and other tools, aiding people in the overall process of matched betting. OddsMonkey aims to help people by taking advantage of the host of different offers and bonuses bookmakers frequently give out. One of the main ways in which they do this is with their flagship OddsMatcher, which helps you maximise your profits finds the best bets available.
However, it's not just the OddsMatcher that is provided, as OddsMonkey also assists people with a range of other resources, including tutorials that break down various strategies and techniques that can help you learn all there is to know when it comes down to matched betting. Not only could this open up different avenues for maximising profits, but it could also make the whole thing a lot easier and overall efficient.
In both the long and short term, OddsMonkey can help users save time, negating the time-consuming process of finding opportunities manually, as well as helping minimise the overall risk that may be associated by offering guidance that aids in bets being placed correctly. Should you encounter any potential issues or even want to seek some additional guidance, the matched betting process provided by OddsMonkey is assisted with some unrivalled support from both experts and the holistic community, sharing both tips and advice whenever you may need it.
Rated \"Excellent\" on Trustpilot
Matched Betting FAQsHere are some of the most common queries we get regarding matched betting:
Q: How much can you make from matched betting?
A: The amount of money you can make from matched betting ultimately depends on a number of factors, including:
However, matched betting is sustainable and profitable for the long-term. Once you’ve opened all of your bookie accounts, you can make around £500–£700 a month by taking advantage of offers for existing customers. That’ll take around 40 minutes per day, so equates to around £25–35 per hour. However, members in our forum regularly report making £900+ per month, so it is possible to make a living from matched betting.
All of the money you make from matched betting is 100% tax-free, and you do not have to declare your earnings to HMRC.
Q: How much money do I need to start matched betting?
A: While you can start matched betting with any amount, we’d recommend a minimum of £50-£100. You need to have enough available in your starting pot (also known as your “float” or “bankroll”) to cover this in your first matched bet:
To minimise the amount of money you need to start matched betting, you can take advantage of a no-risk matched betting offer that doesn’t require a qualifying stake. You can also place your second matched bet at lower odds to reduce your liability (although this also reduces profits).
The more money you have available for matched betting, the more money you can make. A larger bankroll means you can do more offers at once without having to wait for your money to transfer between bank, bookmaker and betting exchange accounts. However, you should make a decision based on your own financial circumstances, as you should not place bets that you can’t afford.
Q: Is matched betting legal?
A: Matched betting is completely legal in the UK but you do have to be aged 18 or over. That’s because you will be opening up accounts with bookmakers. It is not a scam and it is not a con. It may seem too good to be true at first, but it’s totally legit!
Bookmakers aren’t huge fans of matched betting, purely because they’re not making money off you. However, it’s a completely legal way to use the bonus offers given out.
Q: Is matched betting safe? What are the risks?
A: Matched betting is safe and risk-free in principle. Mathematically, it is guaranteed to generate profits. However, the Advertising Standards Authority (ASA) considers the claim of matched betting being 100% risk-free “misleading because, although theoretically sound, the process [is] open to human error”.
In other words, the potential for mistakes does exist. Therefore, matched betting is not 100% without risk. There is also a small chance that the odds will change in the time between you placing your back bet and lay bet, meaning that the bet is no longer properly matched.
But that’s exactly what OddsMonkey is here for: to offer tools and advice that dramatically reduce the chance of you making a mistake and give you a plan B if the odds do change at the last second. Our tools and training are here to make matched betting as low-risk as possible.
Q: Does matched betting still work in 2023? Or is matched betting dead?
A: Matched betting is still one of the best ways to make money online from home. For as long as bookmakers offer free bet deals, back and lay betting can continue to deliver profits.
Bookmakers have been aware of matched betting for years and they’re showing no signs of stopping these special offers. So, matched betting still works in 2023 and it’s extremely unlikely that it will die any time soon.
We estimate that tens of thousands of people in the UK will use matched betting to supplement their income this year.
Q: Is matched betting worth the time?
A: Thousands of people across the UK believe that matched betting is worth it. Check out our customer reviews and matched betting success stories for proof. Of course, whether it’s worth it to you depends on your personal circumstances.
All of the money that you make from matched betting is 100% tax-free and, with the right tools and resources at your disposal, the process is quick and easy. This, combined with the high profits on offer, means that you can make a relatively high hourly rate.
Over the years, OddsMonkey has helped thousands of people earn a second income with matched betting.
Q: Can matched betting go wrong?
A: It is extremely unlikely that matched betting will go wrong, but it is possible for you to make a mistake during the process. It is also possible, but unlikely, that the odds will change in-between you placing your back bet and lay bet in a way that causes an overall loss.
If you place your matched bets correctly and the odds used to calculate them do not dramatically change for the worse in the middle of the process, the maths means that you are guaranteed to make a profit.
Plus, if you are unfortunate enough to lose money on a matched bet, there’s a good chance that you’ll be able to make it back quickly. Always double check bets before confirming them.
Q: How easy is matched betting?
A: Matched betting can be easy if you have the right tools and resources to help you. Luckily, we have everything you need here at OddsMonkey. We’re dedicated to helping our members get to grips with matched betting, get the best offers, and maximise their profits.
When you start your Free Trial, we’ll take you through matched betting, step-by-step. Our tutorials will walk you through the process, introduce you to betting exchanges, and show you how our OddsMatcher tool works. We’ll then guide you through your first matched bets. This is the first step towards making up to £1000 from bookmaker sign up offers.
Q: Do I need a separate bank account for matched betting?
A: You do not need a separate bank account for matched betting, but it can be helpful. The main argument for having a bank account especially for matched betting is so everyday spending doesn’t get in the way. It’s as simple as that. With a separate bank account, you can keep track of your incomings and outgoings more easily. Without having to trawl through all those Just Eat orders and bills…
Joking aside though, most of us have direct debits set up for things, so we need money in the bank on a certain date. Withdrawal times differ between bookmakers and sometimes there’ll be extra delays that are out of your control. It can be a bit of a waiting game. And this all means that you won’t always be able to guarantee when you have the amount of money you were expecting.
Try Matched Betting For Free TodayThe best way to get started with matched betting is to try out the no obligation OddsMonkey Free Trial. You can sign up with just an email address and no credit card is required. In the free trial, you'll find a number of detailed guides explaining what matched betting is and instructions on how to make your first £29 of profit.
After this, it's completely up to you whether you want to go Premium or not, where you'll find nearly £1000 worth of sign up offers plus hundreds of reload offers every single day. Feel free to message us if you would like to know anything else about matched betting or if you need some help to get started.
https://preview.redd.it/wiq728bw3fm91.jpg?width=728&format=pjpg&auto=webp&s=4d98f3921a85fab30081fa54f6bb44413d993577submitted by beginners-blog to iblogging [link] [comments]
Are you looking for scam-free ways to make money online? Then this post is just for you. In this post, I'm going to share the 50+ brilliant ways to make money online for beginners.
There are several ways to make money online. Some of these methods are passive, while others require some effort. The key is finding something that fits your skill set and interests.
So, let's get started with our list of 50+ ways to make money online:
Originally published on - https://beginnersblog.org/make-money-online/
1. Affiliate Marketing
2. Freelance Writing
3. Create Videos Courses
4. Become an Expert at Creating Graphics
5. Offer Consulting Services
6. Provide Virtual Assistant Service
7. Become A Transcriptionist
8. Become A Proofreader
9. Get Paid To Take Surveys
10. Write Articles
11. Earn Extra Cash by Selling Your Old Items
12. Create an Online Course
13. Start A Blog
14. Sell Your Photos
15. Test Websites and Apps
16. Home and Vacation Rentals
17. Video Game Streaming
19. Domain Flipping
20. Create an Etsy Store
21. Peer-to-peer Lending
23. Become a Video Editor
25. Get Paid To Watch Videos
26. Start a Facebook Ad Agency
27. Sell Stock Photos
28. Work As a Screenwriter
29. Sell Printables
30. Start a Shopify Store
31. Online Data Entry
32. Sell Your Recipe
33. Create a YouTube Channel
34. Rent Your Car
35. Join Reward Platforms
36. Become a Web Developer
37. Create a Killer App
38. Buy & Sell Cryptocurrencies
39. Start Trading Online
40. Get Paid To Search The Web
41. No-risk Matched Betting
43. Amazon Mechanical Turk
44. Rent Out Your Parking Spot
45. Sell Your Notes
46. Start a Discount Coupon Site
47. Create and Sell Logo
48. Become an Online Travel Advisor
49. Make Money Participating In Mock Trials
50. Get Paid For Giving Advice
51. Make Money Online Losing Weight
52. Make Money Selling Handmade Crafts
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