No new video this week guys unfortunately as Mr Techno phobe here seems to have lost the ability to record myself (or I’ve broken it more likely!) so I’ve re-posted last week’s video for people to watch that may have missed it. You can see the full post here.
So it’s more of the written word this week and I wanted to go over the concept of matched betting of which I will do a video for next week (if I can find out how to get the record button working again!).
Matched betting is where we trade a bet with a bookmaker in the hope that we’ll receive a free bet in return. Should we get the free bet we can then trade this out to secure a profit. If done correctly you actually can’t lose any money in the long run and it’s makes for an essential element to anyone’s portfolio.
I shall reveal all in next week’s video but it basically works as I’ve outlined below –
Totesport offer you a free £25.00 bet upon signing up and this can be redeemed here – £25.00 Free Bet
So we can turn this into free cash to the value of around £17 – £20 dependent on odds.
Upon signing up to Totesport you would then deposit £25 and place a bet as per the example below:
Back the draw between Wimbledon v Burton Albion kicking off tonight at 19:45. The current odds are 5/2 (3.50).
You would then head over to Betfair and place a lay stake of £25.74p at odds of 3.45. By placing this lay bet we are putting ourselves into a small loss but will make a profit on the next trade once we receive the free bet.
So what happens to our money.
Should the game end in a draw we would make a profit of £62.50 with Totesport but lose £63.06p in our Betfair account. This would give us a loss of £0.56p.
Should either team win the game then we would lose the £25 with Totesport but return a profit of £24.45p in our Betfair account. This would equate to a loss of £0.55p.
That is the first part of the trade complete. We would then need to wait up to 48 hours for our free bet to be credited.
Once you’ve got the free bet then you could trade this out on Napoli v Ac Sparta Praha kicking off on Thursday at 20:05.
You back the draw with your free bet of £25 at odds of 7/2 (4.50).
You then head over to Betfair and place a lay stake of £19.23p on the draw. This has now locked in your free cash.
So what happens.
If the game ends in a draw you return a profit of £87.50p in your Totesport account which you can now either use or withdraw but you lose £69.23p in your Betfair account. This would result in a profit of £18.27p. Take the £0.56p you lost on the first part of the trade away and you’ve just bagged yourself an easy £17.71p profit.
If either team win then you lose the £25 in your Totesport account (which was a free bet so you’ve not really lost it!) but return £18.27p in your Betfair account. Take away the loss in the first part of the trade and you’ve another £17 odd quid profit.
So you can see that by using clever staking it’s easy to get your hands on loads of free and easy cash.
I’ll be back next week with a video of me doing the above and you can see how to secure this free and easy money.