If you are serious about making money from matched betting, and want to be successful with betting systems that work, you are going to need a betting exchange account.
What Is A Betting Exchange?
A betting exchange is whats known as a peer to peer betting site. What this means is that there is no bookmaker involved, it is just me betting against you.
This gives us the opportunity to place Lay Bets, which is what we need to be able do in order to make risk free money from matched betting.
What Is A Lay Bet?
A Lay Bet is a bet against something happening. So for example, a lay of Manchester United to win a football match, is a bet on them not winning. So if you placed a lay of Manchester United, and they won, your lay bet would lose. If Manchester United lose, or the match is a draw, your lay bet would be a winner.
Laying a bet is essentially what a bookmaker does when we place a bet with them. When we place a bet on Manchester United to win, the bookmaker is laying Manchester United. The bookmaker makes their money from our bet if Man Utd doesn’t win, while the bookmaker loses if Manchester United win, as they have to pay us.
Betting Exchange Accounts
Betfair is by far the bigger of the two main betting exchanges, with far more money liquidity available. The more money and liquidity available, means the better chances of getting your lay bets matched.
It doesn’t hurt to have both accounts, as it gives you more options. It is also a possibility that one site might be down when you need to place a lay bet, meaning you have the security of using the other site.
Betting Services That Require You To Have a Betting Exchange Account
- Bonus Bagging – £1.20 For 7 Days Trial
- MatchedBets – Free Trial Showing You How To Make £50 Risk Free
- OddsMonkey – Free Trial Available
- Profit Accumulator – Free Trial Available
- Profit Maximiser – £1.20 For 14 Days Trial
- Pure Profit – Free Trial Available
The most certain thing about matched betting is that you 100% need a betting exchange account. You can’t operate matched betting without one, and the first thing that any of the subscription services above will request you do, is open one.
If you haven’t got a betting exchange account, you can’t lay bets. IF you can’t lay bets, you won’t be able to make money from new accounts offers, or reload offers, and you won’t profit from matched betting.