Matched betting is a process that allows people make a guaranteed profit from bookies. ...It's a system that involves placing more than one bet, to minimise risk by ensuring any losses are covered - regardless of the outcome..
A betting exchange matches people together who want to place and take bets. When you place a bet its known as backing and this is essentially what we do at the bookmakers, we back an event to happen.
So as an example
If I was A betting on Derby to win, the odds are 6.0(5-1). If I bet £10, I expect to make £50 profit if Derby win. If I wasn’t confident Derby could win I would actually lay them at the exchange, which means I could take someone else´s bet.
If I place B a £10 lay bet at odds of 5.7. That means if Derby don’t win, I take the £10 stake. But if Derby do win, I pay out £47. So I’m being a bookmaker essentially and paying out winnings and keeping a stake if the bet doesn´t win.
This is a really important aspect of matched betting because it allows us to mirror the bet that we have made with the bookmaker covering every eventuality. So if your bet wins at the bookmakers it loses at the exchange but if you win at the exchange you lose at the bookmakers. Now ordinarily this would mean you would make no money at all if you just backed at the bookmakers and layed at the exchange but because we are bringing bonus money into the equation it tips the balance hugley in our favour and means we can make big profits on those bonuses every single time without any risk to our own money.
D'ont Worry the software finds the occassions when the A bet odds are higher than th B lay bet odds (the softwares find these and highlight them as well as working out the exact ammounts to place for you to lock in a PROFIT !!
THERE ARE FOUR MAJOR EXCHANGES THAT MOST OF THE SOFTWARE USE SOME ALL SOME TWO OR THREE OF THEM ALL FREE TO JOIN
AS USUAL ITS BEST AND USUALLY MORE PROFITABLE TO READ OUR WEEKLY UPDATED ULTIMTE GUIDE BOOK (click on the photo right)
ITS A STEP BY STEP GUIDE AS WELL AS THE BEST CURRENT OPENING OFFERS OF FREE BOOKMAKER BET CODES TO MAXIMISE YOUR SIGN UP OFFER (more of this later)
How Do Betting Exchanges Work?
The concept of an exchange is that it brings opposing customers together in one marketplace. You are not betting against a bookmaker but against other customers of that exchange.
You decide on a bet for or against a selection, the exchange then matches your bet with a customer or customers with an opposing view.
Because there is no bookmaker margin you can get bigger prices, especially away from the favourites.
Once signed up to a betting exchange you as a customer have the ability to act as a bookmaker and take bets from other customers, by laying their bets.
You have three opportunities on an exchange, you can back, lay or trade your bets. Which of these will you use? Which are the best methods for betting on the exchanges?
How Do Betting Exchanges Make Money?
All the exchanges take a commission on winnings, the amounts vary between the exchanges which is why it is important to check their changing percentage rates.
Back Bets on An Exchange