how to build a betting bank using a matched betting strategy
Risk free betting utilises freebets and are a great way to bank build and notch up some risk free money. Using an effective matched betting strategy can accumulate a decent size profit a figure of over £1000 is achievable using this method.
To implement a matched betting method you will need to open a bookmaker account with a free bet promotion, (a free list of bets is available at Internet bookmakers uk )and a betting exchange account such as betfair or betdaq.
The system works by placing a bet at the bookmaker and then laying (betting against) it off at the betting exchange, when using this method all your doing is hedging your bets in such a way that eliminates risk allowing you to have a risk free bet. The value in this betting method exists because of the ‘free bets’ entity. If online bookmakers were to stop offering them tomorrow this type of risk free bet would become obsolete.
To apply the strategy you’ll need to place two separate bets. Firstly a qualifying bet using your own money, and then another bet using the ‘free bet stake’ For a free guide on risk free betting take a look at onthesmartmoney.com
A few matched betting tips
When matched betting the idea is to maximize profits the higher the free bet stakes the better your overall return will be. A £50 free bet is much better value than a £10 one for example. From personal experience I have found the best time to take advantage of high value bets are when special events are taking place. A prime example is the famous ‘Cheltenham horse racing festival’ in March. For some reason at this time of the year bookmakers love to give big free bets away that you normally cannot get at other times of the year. An example this year (2009) is ‘ladbokes’ they were offering a free £200 bet throughout the festival. To qualify all you to do was open an account place a bet and you would receive a freebie bet to the same value. This type of great offer never seem to materialize at others times of the year. So take advantage when they come along.
Tags: free bets how to use them, matched betting, matched betting guide, risk free betting