In this video I'll explain Matched Betting simply in just 12 minutes ⏳ Never bet before? No problem! 60% of Team Profit members had never placed a bet before in their lives! By the end of this video you'll know exactly how to make money online by taking advantage of Bookmaker Free Bets.
Step By Step Videos: (
0:00 - 2:23 MB Intro
2:24 - 5:58 Betting Basics
5:59 - 9:07 Exchanges
9:08 - 12:05 Liability
12:06 - 12:27 Next Steps
Now, You've probably seen Bookmakers offers advertised on TV.
Usually it's something like sign up today and bet £5 to get £20 in free bets.
We will show you in this video how these offers can be taken advantage of
to make money WITHOUT gambling a penny.
By using Betting exchanges we can bet for and against each outcome to
eliminate risk and extract cash from free bets.
There are well over 30 bookmakers that offer these free bets, meaning
we can make a lot of money from these sign up offers!
- On average you'll be making £30 per hour!
- You can start with as little as £10, or more if you want to profit faster.
- Any profit made is technically "Gambling Winnings" and therefore tax free.
- Bookmakers offer free bets to existing customers too, meaning you can make
continual profits.
What if you've never placed a bet before?
Over half of Team Profit's users had never placed a bet before in their lives!
All you need to know is what odds are and what a free bet is.
Odds are the probability of something happening and can be expressed in
either decimal (1.2, 3.0, 5.4) or fractional (1/2, 7/2, 5/1) form.
In matched betting we only ever use decimal.
So if I bet £10 on say England to win at odds of 3.0.
If my bet won, I would get £10 x 3.0 = £30 back from the bookie. £10 of this is our stake back and £20 of it is winnings.
The other thing to understand is free bets. A free bet is a reward given to
us by the bookmaker and works the same as betting with our own money
except that we don't get our stake back.
So for example if we put a £10 free bet on England to win at odds of 3.0
we would return £20 instead of £30 because we don't get our £10 stake back.
The next thing to understand is what a betting exchange is.
An exchange is a marketplace where people can bet between each other..
So if you bet that England would win on an exchange, I could accept that bet and essentially become the bookmaker. If England won, I would have to give you back your stake and pay you out winnings. However if England drew or lost, I would keep your stake that you bet with me.
We can therefore use the exchange to cancel out the bet we make with the bookmaker to unlock the free bets.
Say we bet £5 for example on England to win on a bookmaker, then we accept a £5 on England to win at the exchange (this exchange bet is essentially betting against an England win, or in other words betting on England to draw or lose)
This way we don’t lose or win anything from these two bets, but we do unlock the £20 free bet from the bookmaker, and that’s how we make the profit.
Finally, we must understand Liability.
Liability is the amount we must pay out if our lay bet loses or in other words what we have to pay the exchange user if their bet that we accepted, ends up winning.
So for example if we take someone’s £5 bet at odds of 3.0 on the exchange, and their bet wins, we must return their £5 stake and pay them £10 of winnings. This £10 of winnings if our liability.
Those are the fundamentals of Matched Betting! To do your first offer, click the link at the top of this description to follow along with the step by step video guides.
HELPFUL LINKS
1) Start Here
Rewatch the explainer videos one by one or move onto the step by step guides to complete your first offer!
2) Start with £10, £25 or £100
The list of Welcome Offers come with week by week plans help you to turn £10, £25 or £100 into £1,000 within 3 months in your spare time. Choose a plan and profit each week!
3) Profit Tracker
This is a free spreadsheet you can use to track your balances and profits whilst completing the Welcome Offers.
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