Matched betting

[lewisdmz]

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,

You can do it no problem at all on events where there are multiple outcomes, horse racing is one of the biggest sports I make money on. Remember when you do the lay bet you are saying "this person won't win" so it doesn't matter which one of the other riders does win for your lay bet to win?

Sounds to easy there must be some catch?

This is what I thought, and to be honest I would have thought it was a con as well but i've known the person who told me about it since school and trust him. Then I saw the article on the guardian and thought it could actually be legit. Turns out it is and my bank account is currently in £1300 better shape because of it. 

There's also the time and effort required to do the offers. But like I said, i've worked it out at about £15 an hour tax free, which is damn good really considering you don't have to leave the sofa!

It's perfectly possible to make over a £1000 a month, but I would say that would require approx 20 hours a week and a big bank, so not for everyone.

There's a few sites out there which will tell you everything you need to know to get started and have step by step guides for all the new customer offers as well as the on-going ones (for a cost of course). I'm using one called "Cash The Bonus" (https://www.cashthebonus.co.uk) if anyone is interested, can't complain so far. They also have an active facebook group so you can get answers to pretty much anything straight away if you are unsure.