Can you earn money from betting?

We usually come across articles on how to get rich online quickly. It soon would turn into a sign or some sort of a scam or spam messages despite the promising tips and tricks in the beginning of the article.
What about gambling? Gamblers over there? Can you earn money from betting?

There are so many ways to make money and may be even thousands with not so much effort. Those ways are contradictory to the trap that it is only a few pennies here or there and nothing serious. There are many ways to generate cash working from home and those potential profit streams vary in both their efficiency and suitability for different people.

The get rich quickly scheme has been spreading widely ever since the beginning of the world wide web “WWW” and has contributed much to the mindset of the people nowadays. The majority of the methods to generate cash on the internet require work and knowledge.

One great cash generation option on the internet is making money betting. Making money betting is not easy. Bookmakers intentionally skew their odds to be sure that they take in more money than they pay out over time. A good way to beat this is matched betting. This could help you make thousands every year with virtually no risk.

Let’s go through a completely legal, tried-and-tested method called ‘matched betting’ which can help you earn money with betting . 

Matched betting is a technique that mathematically guarantees a profit from the many free bet promotions offered by betting companies. Those offers are usually advertised by the bookmakers especially when ahead of a big sporting event in order to lure new customers to place their bets with them.

It’s based on making bets with no risk through combining own money with bookmakers’ money to bet on both teams which would eventually guarantee a win. It’s generally considered as a zero risk technique.

It takes some work yet it doesn’t need any of the commitment needed in making money through the other ways of cash generation on the internet, it doesn’t even need the person to know anything about sports or even need to be interested.

There’s no trap about matched bets, even bookmakers indicate that it’s fine to make bets that way and generate money, and it’s completely legal and the winnings from bets in UK for example are tax-free. Although there’s no big catch regarding matched bets yet the lack of the get rich quickly scheme hasn’t been in the favor of matched betting.

The amount of money that could be made through matched betting is significantly higher than other working from home methods and it could represent a source of income that is considered a second job or even a primary source. There are a lot of bookmakers out there to make use of and a lot of free bets that can get to as high as 200£.

Now let’s take a deeper look into matched betting. There are two types of bets which would allow matched betting to happen:

A back bet which is betting for a certain outcome to come true, if it comes true you win the bet and the winnings. For example if you bet that A team will win this is a back bet. If the team wins, you win the bet and the winnings and if it draws or loses you lose. You can place a back bet at any bookmaker.

A lay bet which is betting against a certain outcome to come true. For example you bet that a team will not win this is a lay bet. You can only place a lay bet at a betting exchange.

So here is how it works:

Matched betting works through cancelling out the risk of the back bet at the online bookies by making a counter bet at the same odds through lay betting.

In other words you are matching your own bet. In this bet you will incur a very small loss due to the slight difference in odds on each website but that loss will be compensated later.

Following your first bet, or as bookies name it the qualifying bet, you will be entitled to your free bet by the bookmakers and here is when you will start to make a profit.
Making profit will start through repeating the process where you use the free bets and then counter them through lay betting and whatever the result you are guaranteed to make a profit.

Matched betting is virtually and mathematically risk free because you are covering yourself through betting for and against the same event ! Risk comes when you make a mistake that’s why you should double-check on every step you make in order to avoid any mistakes that could pose your money to risk.

There is a tool which is called matched betting calculator that would save you a lot of time searching for matching odds and that would maximize your overall profit, there is more than one matched betting tool out there that you can use.

New sign-ups are not the only ones which makes use of the free bets, bookies also have reload offers which are designed for the existing customers in order to keep them coming back. This would take us to another important point which is multiple accounts. This is completely prohibited by bookies who would keep track of IP addresses and payment information in order to make sure that they avoid multiple accounts.