Tuesday, August 08, 2006

Matched-Betting

This is a bit lesser known then the other money-making processes mentioned on this blog, and can be quite involving and complex. I will try and briefly explain it here, and will link to a more informative website.
There is a method in betting whereby you can back an event at an online bookmaker, and then you can lay the event at an exchange. When you lay a bet at an exchange, you act as a bookmaker, and you take someones money for a bet. If they win the bet, you have to pay out. If they lose the bet, you keep their money.
If you make a bet at an online bookmakers and then lay the same bet at the exchange, you wont win anything but you don’t lose anything. This is because if you win at the bookies, you’ve won a certain amount – X. However if you won here, you will have to pay out X at the Exchange. These are both the same amounts, and so they cancel each other out. Also if the bet lost at the bookies, you would have been down, but then you would have been up at the Exchange, because you took someones money for the same bet.

This is a very hard concept to get your head around, so make sure you go to the website below for a worked example and more explanations.
If you understand the theory so far you will realise that this wont earn you any money, which you would be right in thinking. However you earn money thanks to the Bookmaker bonuses which are available online. Usually an online bookie will tempt you to join up, and to gain your business he will offer you a free £10 bet after you have made a £10 bet of your own. You make the qualifying £10 bet by laying the bet at the exchange, meaning you have no risk of losing anything. Then with the £10 free bet you do exactly the same thing, and this time you will come out with £10 profit ;)

There is literally thousands of cash available to earn, thanks to the amount of online-bookmakers handing out free bets &bonuses. Remember, this is completely risk free as long as you follow the correct methods!

More information can be found at http://www.laymybet.com

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