Using the technique of matched betting, and a bit of knowledge, a clever person can make money from a bet regardless of the outcome of the event. The bettor will use one of the free bets as the stake money, and invest their own money in a matching bet on the opposite outcome. That is, the bettor uses the free bet to back and his or her own money to lay on the outcome. Betting to win on one side and betting to lose on the other can earn online bucks for the clever bettor. There are hundreds of bookmaker sites opening every day, so the potential to earn bucks by matched betting is virtually unlimited.
Human error is the only real risk of losing money when a bettor exploits the opportunity for matched betting (also called matched arbitrage). Because odds change rapidly, and you will be placing bets over different sites simultaneously, it is easy to make a mistake. Some sites offer free software downloads to help you keep track of odds and betting. Several companies have developed expensive software which can help you keep track of your bets. Whether you use software or not, you must be organized, accurate, and fast when placing your bets across several different sites.
Make sure that you read the fine print on every site where you intend to place bets. Some bookmakers will keep your stake, and others return it. This policy can make the difference between breaking even and earning bucks online. Usually the free bets are no return on the stake.
As with any venture, the more capital you invest the greater the potential to increase your online earnings. Matched arbitrage, or any online arbitrage betting venture, will be more profitable if you have more bucks to invest. Some sites recommend at least $1,000 at a minimum of 20 sports bookmakers in order to cover all possible outcomes. Your potential profits are limited only by the amount of money you have to place up front. If you are trying to work with only a few thousand dollars, your profit will be used to cover fees and other transaction costs.
Although the Internet has made matched arbitrage and sports betting arbitrage accessible to many more people, there are obstacles that many can not overcome to earn bucks with online betting. The biggest obstacles to profiting from matched arbitrage are a lack of capital investment, not enough time, and poor organizational skills. No matter how clever or dedicated a bettor, he or she can not realize a profit without capital. On the other hand, someone with lots of capital will not realize a profit if they are not organized and do not spend the time necessary to find potential arbitrage opportunities.
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