Many online bookmakers offer a sign up/welcome bonus usually a free bet, as an incentive to try and entice you to opening an account with them. This usually requires an initial bet with your own money to obtain the free bet, by using a betting exchange such as Betfair or Smarkets you can remove the risk of losing your own money and extract the free bet in the process to make a profit.
This is done using a technique called matched betting, by backing or betting an event at a bookmaker and laying the same event at a betting exchange it is possible to extract free bets to guarantee a profit.
The matched betting guide section contains a free and comprehensive step by step explanation on how to use this technique to make over £1,500 without too much effort.
Step by step process
- Open an account with a bookmaker
- Open an account with one of the betting exchanges
- Place a qualifying bet with a bookmaker and lay the bet at one of the betting exchanges
- A free bet will then be credited to your account
- Place the free bet at the bookmaker and lay the bet at one of the betting exchanges
Interested in finding out more? Read the matched betting guide to learn the method involved and get started.
If you have any questions before you start or would like help along the way then, get in touch.