free proxy list A guide to matched betting - part one
Free bets are a popular promotion technique carried out by alarge majority of bookmakers. As the name suggests a free bet is a free amountto be used as your betting stake, it is like having a bet on the bookmaker. Thesefree bets enable us to make a profit using a clever technique called matchedbetting. This article will show you how you can earn some extra cash utilisingfree bets.
Bookmakers offer free bets to new customers as an incentivefor you to sign up. So before we start, the process involves betting. Thereforeyou need to be 18 years old or older in order to perform matched betting. Youalso have to be a new customer, if you have signed up to multiple bookmakers inthe past then unfortunately you will not receive the full benefit from matchedbetting.
Matched betting in concept is very simple. It involvesplacing two bets: the first is to bet for something to happen and the second isto bet against the same something happening. Which in essence renders the bet neutralas you cannot win or lose.
In practice it is a little harder. The first question onmany lips will be "how do I bet against something happening?" Intuition will probably tell you to bet forthe other outcomes, so take a football game between Manchester United andLiverpool. Popular perception would say by betting for Manchester United towin, you would need to bet for the draw and Liverpool to win in order to renderthe bet neutral. This is incorrect, in most circumstances when matched bettingyou place only two bets one at a bookmaker and the other at a bettingexchange.
Betting exchanges have been dubbed the biggest revolution ingambling ever seen in the UK. Betting exchanges are where gamblers can betagainst each other rather than a traditional bookmaker. Odds are dictated bythe market and the betting exchange matches funds from people betting for anoutcome, with funds from people betting against the same outcome. In principlea betting exchange allows to types of bettors: the first is a backer, and theyare just like any punter at a bookmaker and bet for outcomes. The second is alayer, and they act as a bookmaker, betting against outcomes. The bettingexchange matches backers and layers at the correct odds, and for providing thisservice charge a commission on the winner's profits of usually 5%.
This is the first instalment of my matched betting guide. Tocontinue please see part two. This is achieved by viewing my author bio, whereyou will find a list of all my articles.
