1. How To Make Money From Free
Bets Using Matched Betting

2. I'm going to point out a method I have been using
which has provided me with a nice flow of free and
easy money over the past few weeks.
I've read and known about this method and the
basics of it for some years now, but for some
reason or another I just never got around to
implementing this knowledge and cashing in on it
until recently.

3. The method I'm on about is cashing in
bookmakers free bets, it is also known as
Matched Betting. I have been generating money
for free from using these methods for a few
months now and regularly write about how I do, on
my website.
So far this year I have made a few hundred
pounds, it really is a little goldmine and I've no
where near finished yet.

4. Basically all I do is open new bookmakers
accounts, place the free bets I get for opening the
accounts and then lay the same bets on a betting
exchange for a proportion of the free bet amount in
order to guarantee myself a cash return no matter
what the outcome of the event is.
It is not gambling and it is almost risk free. Most
people would say it is risk free, the only reason why I
don't is because if you do it wrong you could lose
money.

5. To clarify that, what I am saying is that if you place your
bets in an incorrect fashion you could lose money. You
need to make sure that you fully understand what you
are doing, you need to read the terms and conditions to
make sure you know the maximum bet amounts, and you
need to make sure that you understand the principle of
laying a team (this is the opposite to betting on a team to
win, it is effectively still a bet, but a bet on the team NOT
winning) on a betting exchange.
For example, what you do is open a bookmakers account
offering a free bet, for the sake of this example let's say
the free bet is for £50.00 (not an uncommon amount).

6. I'm going to use simple maths for this example. To get the
£50.00 free bet, you will probably need to place a £50.00
qualifying bet. To ensure this doesn't lose you any money, you
lay the same bet on a betting exchange.
So what I would do first is place my qualifying bet. For this I'm
going to back England to beat Australia at cricket at odds of
2.00 (Even money), so I place £50.00 on England at 2.00 (Even
money) with the bookmaker to win another £50.00.
I then lay England on the betting exchange for £50.00 at Even
money (or as close to Even money as I can get), this way I won't
lose my qualifying bet of £50.00.

7. I will probably have to lay England at a little bit over 2.00 (Even
money) as it is rare for the two prices to be exactly the same. It
won't be too much though, it could be about 2.04 or 2.06, which
would mean I would get slightly less than my £50.00 back.
Basically I will get around £48.00 to £49.00 back on my
qualifying bet, meaning it has lost me something between £1.00
to £2.00. But I'm not too bothered about that as I will make it
back and more using my free bet.
I then wait for the next cricket match to start and this time I use
my £50.00 free bet to again back England at 2.00 (Even money)
to win £50.00 again.

8. But this time when I lay England on the betting exchange, I only
lay them for £25.00 - half the free bet amount. This way I get
£25.00 no matter what happens.
This is guaranteed profit. If England win I win £50.00 back from
my free bet and I lose £25.00 on the betting exchange, that's
£25.00 profit.
If England lose I will get nothing back from my free bet
(remember, I don't lose anything as it's a free bet). But I do get
£25.00 back from the betting exchange because I played a lay
bet on England for £25.00 (remember from earlier, when I wrote
a lay is a bet on a team NOT winning). So as you can see, you
win no matter what happens.

9. Sources:
http://betsfreebets.com
http://ezinearticles.com/?How-To-Make-Money-From-Free-
Bets-Using-Matched-Betting&id=7298221