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Matched Betting is a method of of locking in a profit from the online bookmaker offer and promotions. In its simplest form you place a bet with the bookmaker and the opposite bet at an exchange for as little loss/profit as possible. This then unlocks a free bet from the online bookmaker where we follow a similar process to lock in a profit regardless of the results of our bets placed.
For a more detailed explanation register for a totally free account here and read through our Start Here section
This is the general reaction of most people when trying to explain matched betting and how it works.
Matched Betting really does work and is used by many thousands of people across the UK each day. Take a read of an article regarding Matched Betting here – from the Guardian a few years back.
Still not convinced? Sign up for a totally free account with Profit Ninjas and let us help you on your matched betting journey, you have nothing to lose!!
Of course. We fully understand there will be many people who have never placed a bet before or feel they need an extra bit of help or advice. Profit-Ninjas offer full email support to all our members alongside our Facebook community with hundreds of fellow matched bettors where you can always get in touch to ask a question.
You can start with as little as £25-£50 and slowly work your way through the list of sign up offers.
We do recommend a starting bank of £200 if possible. This way you will not only increase your profits but also be able to move through the offers more quickly and not have to wait as long for withdrawals from bookmakers/exchanges before moving onto the next offer.
This is a tricky one to answer due to a few variables and the different types of offers around.
We estimate approx 5 minutes per bookmaker to register a new account, there may be times when you are required to provide documents to prove your identity, this is totally normal, but can take a day or 2 to get verified.
When you are fully upto speed on how the matched betting process works then you can find and place your bets in no more than a couple of minutes.
With some offers this will be required and you can withdraw and move on, others you may have to place additional bets taking a similar amount of time for each bet.
A betting exchange allows members to place bets against each other rather than via a bookmaker. Members can offer odds to, or request odds from fellow exchange members.
The main difference with Betting Exchanges compared to bookmakers is they also allow lay betting.
A bookmaker will only allow back bets. e.g. a bet on something to happen, a team to win, a player to score the 1st goal whereas a betting exchange allow lay betting which means you can bet on a team not to win, a player not to score the 1st goal etc.
This allowance of lay betting is a crucial part to matched bettors when offsetting the back bets placed at normal online bookmakers
If you do have any questions about matched betting or the service offered by Profit-Ninjas then please do get in touch using the contact form below and we will reply back to you as soon as possible.
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