We make our money through the ‘generosity’ of the online bookmakers. Each bookie offers a sign-up bonus usually matching your first deposit up until a certain amount. (Eg. if your Qualifying Bet is $100 you will be awarded a Bonus Bet of $100 = $70 no-risk profit). So we leverage these free bonus bets and turn them into cash without risk.
Generally, the bookie wants you to bet through your deposit first to qualify for the free bet and to withdraw your initial deposit.
Don’t worry though, we’re too clever for that gambling nonsense. This is why we place both a back bet with the bookmaker and lay bet with the Betfair exchange the bet on two opposing bookmakers as explained in the tutorial.
Hence we cover both outcomes ensuring we do not lose our original deposit. This unlocks our bonus bet so that we can turn it into real cash and withdraw it. For more information visit website #Matched Betting.
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