Matched betting is by definition a form of arbitrage, which allows you to calculate the game, there is a risk free using the free online game for betting exchanges. Use a proper strategy; you should be able to put together a decent amount of profit in the regions of £ 700 to £ 1000.
Implement a matched betting method you will need to open a betting account with a free bet promotion (a free list of games available on Internet bookmakers) and a betting exchange account like Belfair or beta.
The technique used in the matched betting is conducted by placing bets on any bookmaker offering a free bet and then put it on a betting exchange, virtually all your doing in the application of this technique are hedging your bets to create a viable scenario, which eliminates the risk. The value of this game method exists because of the 'free play' device. If the online bookmakers had to stop offering them tomorrow this type of risk-free bets would be barred.
To apply the strategy, you must place two separate bets. Firstly, a qualifying bet using your own money, and then a second effort by using 'free bet stake' For a free guide about betting strategy, take a look at onthesmartmoney.com
A pair of matched betting tips
When matched betting idea is to maximize profits higher free bet stakes better your overall returns will be. £ 50 free games are much better value than a £ 10 one example. From personal experience I have found the best time to take advantage of high value bets when special events taking place. A good example is the famous Cheltenham horse racing festival 'in March. For some reason at this time of year bookmakers loves giving away great free game that you normally can not get at other times of year. An example of this year (2009) is 'Ladbrokes' they were offering a free £ 200 bet the whole festival. To qualify all you need to do is open an account to place a bet and you will receive a free bet to the same value. This kind of fantastic offers never seems to materialize at other times of the year. So take advantage when they come together.
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