Matched Betting For Dummies - Complete Guide
Hey - my name's Jeremy, I've been matched betting with Outplayed for over three years (sorry bookmakers!). In that time I have made over £20,000 profit (apologies again bookies) and I'm working with Team Profit to create a super concise and kick-ass guide to help you all start profiting from this amazing technique.
I have tried to outline the most important things you should know to get you started on the road to over £800 of potential profits. Sounds pretty mind-blowing, doesn't it? Continue reading and I'll explain all you need to know to make this a reality.
Back bet = betting on something to happen
Lay bet = betting on something to not happen
Betting Exchange = somewhere you can place lay bets
Team Profit = the home of matched betting
Matched Betting = continue reading below 😁
Fractional odds = odds as a fraction (e.g. 4/1)
Decimal odds = odds as a decimal (e.g. 5.0)
What Is Matched Betting?
Matched betting (often known as 'no risk betting') is a popular technique that allows individuals to make tax free profit from bookmaker free bet promotions. It involves betting on all outcomes of an event, removing the element of chance (hence 'no risk'), whilst at the same time triggering free bets from bet offers. These free bets can then, in-turn, be converted to cash profit by using similar matching techniques as before. The reason it is called ‘matched’ is because you are matching your bookmaker bet with an opposite bet on a betting exchange.
Matched betting isn't new and has been around since the first betting exchange was launched back in 1999. Previously this technique was reserved for savvy betting traders only, but thanks to Team Profit and our simple to follow, step-by-step guides, we have made it accessible to absolutely anyone. Over 60 per cent of our members had in-fact never placed a bet in their lives before starting. We guide you through and support you every step of the way, starting with as little as £10 and making up to £800 from the welcome offers alone.
Start Profiting From Matched Betting Today
A Brief History..
Matched Betting Was Born
Started Getting Press Coverage
First Commercial Calculator
Team Profit Was Born ❤️
Enjoyed By Over 200,000 People
Frequently Asked Questions
What is Team Profit
Team Profit is the most popular free matched betting service in the world. We specialise in helping newbies get up and running with matched betting, so that they can start making amazing profits from lucrative free bet offers.
With an extensive learning area, which includes eight videos and two quizzes you can further deepen your matched betting understanding. If at any point you require help with anything, Team Profit provide a plethora of support options; ranging from, live chat (on the website), email support and a private Facebook community with over 30,000 fellow members.
Not all online bookmakers can be trusted with your money and so you need to be careful to only use those that are licensed to operate in the UK & Ireland and whom have a good reputation. Team Profit ensures that any offer we have on our site is from a trusted bookmaker, so you can always ensure your money is safe!
Betting Odds Explained
Every new bookmaker account you create will show the betting odds in fractional format. To follow our guides you will need to change them to decimals in the settings section (location explained in each guide). Here's a quick summary of both:
Opening Betting Accounts
This is generally very easy as bookmakers want to make it as quick and easy for new customers to sign up, as possible. The only friction that can sometimes occur is that bookmakers may request proof of your age and address in the form of a photograph.
Proof of ID can be provided in various forms; passport, driving license, voting card, identity card or PAN card. Proof of address in the form of; utility bill, bank statement or similar. Most bookmakers will check your details against the electoral roll, so this is rarely a problem.
Top tip: save a copy of a photo of your ID and address on an easy to access file on your computer so you can easily email it upon request.