Matched betting is the no-risk way to earn free bets and cash when you gamble online. It’s safe, legal way to claim free money on sport without doing any research. In fact, there are even websites that will do the legwork for you.
Best UK Free Bet Bookmakers
- Paddy Power
- William Hill
What is No-Risk Matched Betting?
Matched betting is a simple way to take advantage of free bets offered by online bookmakers. You can claim your free bets, then use the betting exchanges to guarantee free money in your account. It’s easy to do and 100% legal.
Most UK bookmakers offer free bets to new customers. Sign up, fill in the registration form, and make a deposit. As soon as you make your first qualifying sport bet, you’ll be awarded free bets to use how you like.
But how do you avoid missing out if your first bet loses? That’s where no-risk matched betting comes in. By laying your bet on an online exchange, you’re guaranteeing yourself a free bet.
Matched Betting in Action
Here’s how no-risk matched betting works in action. Imagine you sign up to an online sports betting site who are offering £30 in free bets if you make a deposit and bet worth £20.
You make a deposit of £50 and bet on Manchester City to beat Arsenal in the English Premier League. The odds for a Manchester City win are listed as 1/1, or 2.0.
You then go to a betting exchange like Betfair and find lay odds on Manchester City to NOT WIN. The price is listed as 2.02.
You now bet £51.78 on those lay odds to equal out what you would win on a Manchester City win. You can calculate this exactly using a lay betting calculator. This factors in the small commission taken by the betting exchange.
Now you can watch the match in the knowledge that regardless of the outcome, the bookmaker will reward you with a free bet to use on anything you like. Best of all, you can sign up to multiple betting sites and do the same thing.
How to Claim a Free No Risk Matched Bet
Lots of UK online bookmakers, such as bet365 or William Hill Sports, offer a free bet to new customers. You can also earn bonuses like money back on losing bets. Cashback is normally awarded in the form of free bets too.
- UnibetGet £40 Welcome Money-Back Bonus at Unibet UK Sports!
- William HillDeposit £10, get £30 in free bets
To claim your deal, fill in the registration form and fill in your details. You may also need to enter a special bonus code. Open the cashier tab and make a qualifying deposit by card or bank transfer. Some bookies won’t let you deposit by e-Wallet in order to claim a welcome bonus.
Free bets are a great way of earning real cash in your account. But with no-risk matched betting, you can guarantee free bets without any of the pain of losing!