Guy from Early Retirement Guy and Matched Betting Guy is joining me once again for another Matched Betting Q&A live on Google Hangouts this weekend. I like to think of a Betting Exchange as a big warehouse where there are hundreds of different people dressed in red and blue. Anyway, as I also mentioned in the last update, the Grand National weekend is almost upon us. This is a great opportunity for matched betters to make great profits from the offers the bookies will be offering people. By using Casino and Bingo bonuses and betting in a calculated way we can ensure that the player has an advantage over the casino or bingo site. Thanks for the shout out and good to hear that you are doing so well with your matched betting so far. The Assisted Matched Betting relates to websites and software packages that offer comparison tables of markets for people to bet on. These provisions are better known as Auto Matchers. This is because betting exchanges usually charge a commission of 5% on winnings.
My account was then credited with a free bet of Â£5. I bet Â£5 that the correct score in the match between Manchester United and QPR would be 2-1 at odds of 11 and placed a lay of Â£4.57 against a 2-1 result at odds of 11. I lost this bet so received a payout of Â£4.35 at Betfair.
Now because most sites require you to deposit actual money & use it to get the free bet, it may only be on the 2nd bet that you will actually generate any profit but this profit will equal roughly the initial free bet - to ensure you understand it, it's important that you work out the profit & loss on both sides of a free bet.
There is plenty of money to be made through matched betting and if you take a look at Mike Cruickshank's Profit Maximiser (link available later in this review) then you can easily see how much some of his customers have made. The websites are usually financed by membership fees, advertising, affiliate programs, and commission on winnings with a betting exchange. Bonus Bagging definitely is still a great option for a newbie to dip their toes into matched betting waters for the first time. I don't see any need to keep the earnings updates going for another year, what's more important is that you read this and then go ahead and create your own matched betting journey. So if you are betting Â£20 then you will lose Â£2 - this is ok and a part of the process to gain more free bets. A matched better loses their bets (and wins at the betting exchange) just as much - if not more - as everybody else.
And a favourite you'll find on nearly every article on the subject is Matched betting strategy isn't gambling; because there's no risk involvedâ. In having run the online gaming gauntlet myself I've learnt that the house DOESN'T always win.. Through advantage play we can too! You will, however, not receive 100% of the winnings, as you will pay a Matched Betting 2-5% commission at the betting exchange.