The free bet you receive at sign up is usually not stake returned, so keep this in mind when placing bets. The clever bettor will use the free bet at the bookmaker where they signed up and then place a lay at a betting exchange with higher odds. If you win the back, you win and if you win the lay at the exchange you can earn big bucks too. Simply put, matched betting is backing an event at the bookmaker and simultaneously laying the same event at an online betting exchange
When matched arbitrage is done correctly, the bettor will back at the bookmaker and lay at the exchange. If the odds are the same at the exchange (which rarely happens) the bettor will break even. The key is to spread your backs and lays across a large number of bookmakers and exchanges, backing and laying the same event using free bets when the bettor signs up to a new bookmaker’s site. By being clever and consistent, the bettor can convert free bets to bucks.
By far the best sport to bet when trying to exploit your free bets is football. Football is the most popular because of the large capital invested in betting on matches. By being clever in your use of matched arbitrage bets you can earn bucks at online bookmakers and exchanges fast. Suppose you back the Red Team Pix bet at the bookmaker and then lay a bet against the Red Team at an exchange. If the Red Team wins you will get your money back from the bookmaker, but if the Red Team loses, you win money at the exchange. It is a win-win situation for the clever bettor. The key to maximizing your online bucks is to keep the free bets flowing by continuously signing up for new accounts with online bookmakers. The only way a bettor will lose money manipulating the free bets for matched arbitrage betting is if he or she makes a mistake when placing a bet. Online arbitrage betting is fast paced, and you can not afford mistakes. You must be well organized and do your research ahead of time. As a rule, a bettor can expect at least a 95% return on their capital by matching free bets in a back-lay betting system. Matched arbitrage is essentially weighing your winnings at the exchange against losses at the bookmaker. Exchanges usually offer lay odds that are higher than those at the bookmaker. Commissions can be as high as 5% that is charged against winnings. This technique can be used by the clever online bettor to take a small loss with the bookmaker and to either break even or profit at the exchange.
Matched arbitrage betting requires that you keep signing up for new accounts with online bookmakers and matching the free bets with backs at the bookmaker and lays at the exchanges. You must keep good records, stay alert, and do your homework on the events that you plan to wager on.