What is Matched Betting? | OddsMonkey Bites
What is matched betting and how does it work? In the first video from our OddsMonkey Bites series, we answer one of the most important questions. We’ll explain how you can turn bookmaker free bet offers into real profit. All thanks to matched betting.
TIME STAMPS:
0:03-0:30: What is matched betting?
0:31-0:43: Matched betting v. gambling
USEFUL LINKS:
What is Matched Betting?: https://www.oddsmonkey.com/matched-betting/what-is-matched-betting/
Start your Free Trial: https://www.oddsmonkey.com/OddsmonkeyNewUser/tabid/157/Default.aspx?returnurl=https%3a%2f%2fwww.oddsmonkey.com%2fHome.aspx
OddsMonkey Premium features: https://www.oddsmonkey.com/matched-betting/features/
OddsMonkey Bites video: https://www.oddsmonkey.com/matched-betting/oddsmonkey-bites/
VIDEO TRANSCRIPT:
What is matched betting?
Online bookmakers want to attract new customers. So how do they do that? By giving out free bets when new customers sign up. Now, to the everyday customer, that’s a free bet that they’ll either win some money from, or they won’t. However, with matched betting, you can actually lock in a profit and make money from those free bets, even if the thing you bet on loses…
It might sound too good to be true, but it really works. So, what makes matched betting different to traditional betting – or gambling? Well, it’s the addition of an extra bet to cover the risk of a loss. You can do this to protect your own money on a qualifying bet and then unlock a profit from the bookmaker’s free bet.
Before we look at exactly how matched betting works though, let’s start with some basics. In the next video, we’ll be looking at exactly what a bet is.