Matched betting

[toseland]

Just google it if you want to know what it is.

A very quick summary:
You get free bets from most online betting sites, you can't withdraw this money you have to use it to gamble.
You place a bet on a sport with this free bet.
You then place a bet on a different betting site betting for the opposite of this ie. one bet for Team A to win, one bet on another site for Team A to lose.
You will lose one of the two free bets, but no worries, they were both free.
You will win one of the two free bets, this allows you to withdraw the money as it is now betting winnings.

It is basically a method of converting 50ish percent of the free bets that gambling sites offer into actual money in your bank account without just trying to gamble with it and potentially either winning or losing.

So essentially it's borderline fraud.

nah,  its not misrepresenting anything, or falsifying information at all or being deceptive in any way.

you bet money with one betting company on one outcome (say team A to win, with one betting company's free stake) and with another betting company you bet on the opposite result (say team A to lose).

if they both offer free bets, for the sake of argument at 1:1 odds, you are always going to win one at those odds.

this only, however, works with bets placed on things with a change of winning being either 1 or 0 (either they win, or don't) so wouldn't work on say, an F1 race (unless you have 20odd stakes) as any of the drivers could potentially win the race.  Football matches, rugby matches, tennis matches and most other team games are a good start,