As the 2017/18 football season is on, there is just one thing everybody wants to know and that is how to make money from football betting, of course. That is not surprising, since football betting is one of the most lucrative ways to make money in the sports markets.
Most people are tired of losing when placing their weekly Acca and would like to make a little bit of more money this year’s football season and even during upcoming football seasons.
Are you one of these individual? Well, you have come to the best place where you can get the basic understanding of matched betting and how to make money through match betting. If you know what to do and how to do it, betting on football can be really profitable.
This post will take you through football betting and how you can make money from football betting with OddsMonkey and matched betting.
What Is Matched Betting?
Everyone has heard of match betting in one way or the other, maybe through adverts, a friend or on the internet.
In a simple sentence, a match betting involves putting a back bet with the use of free bet at a bookmaker while putting the opposing lay bet at a betting exchange. Usually, bookmakers include certain terms by which customers must first place a bet with their own money so as to be able to qualify for the free bet. It is also seen as a betting technique used by people to profit from the free bets and inducements provided by bookmakers.
But without getting too in-depth, too soon, matched betting is where you turn bookmakers’ free bets into real cash.
Here is a quick explanation of the process of football match betting and how to do it-
- First, you need to register with an online bookmaker like Coral, which is offering a free ‘welcome’ bet. A welcome bet could be a ‘Bet £5 and get a free £5 bet’.
- Then you place your qualifying bet, which is actually made up of 2 bets, the backing and the laying. You can back an event to happen, like France to win, at the bookmaker. That is where the ‘matched’ bit comes in, at the betting exchange; you can ‘Lay’ France not to win, meaning either a draw or loss. Now you have covered all possible results of the football match. Which means that you will not win any money, but you will not lose any either. All you have done, actually, is to unlock the free bet.
- You can use the same method of backing and laying bets to place your free bets. Yet again, you will break even, but you will actually have gained already all because you were using the free bet instead of your own money.