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What is matched betting? – Free1k

What is matched betting?

Matched betting refers to the process of extracting from free bets offered by bookmakers. We do this by using betting exchanges (we prefer Smarkets). For example:

Betsafe have an offer on: ‘Bet £10 on England vs Spain and receive a £10 free bet’
We back Spain at 2.0 on Betsafe and 2.02 on Smarkets. We lose p regardless of the outcome. We need to do this to release the free bet.
We place the free £10 bet on Germany vs Wales. We back Wales at 7.0 on Betsafe and 7.2 on Smarkets. We will make a guaranteed £ from this bet. It does not matter whether Wales win, lose or draw – we will make £. The overall profit on this offer would be.

The offers and bookmaker will change but the profit is always guaranteed!