The answer is matched betting, a system of playing betting companies off against each other that seasoned gamblers have been using for years. This is NOT a get-rich-quick scheme. You make money by using the free bet offers advertised by bookmakers in an attempt to try and get you to open an account with them.

For the purpose of this system, there are two kinds of bet: A back bet is when you are betting money on a certain outcome being true e. In the latter example, a draw or a defeat would win you the bet.

Back bets can be put on at any bookmakers, while lay bets can only be put on at a betting exchange Betfair being the most well-known example.

Matched betting involves putting both a back and lay bet on a particular outcome. Most bookmakers offer an introductory free bet to new customers.

As it is, Ivory Coast did beat Japan. The cleverer readers among you will have realised that this means I lost 39p as a result of this bet. This next step is where you make your money. The one time I came close was four years ago at the last World Cup when a six-game accumulator was thrown off by Spain losing to Switzerland the bastards!

Matched betting meant that, although I was reducing ssys buy or sell size of my win, there was no way I could lose.

Sports Betting for a Living? Earning Money from Gambling?

The hardest part of match betting is calculating how much a bet will earn you and how much you need to lay in order to make sure you still walk away with the biggest bet possible.

Thankfully, most of the headache is solved by the existence of matched betting calculators like this one. Make sure this is factored into your calculation.

To figure that out, follow these fairly simple rules:. You also want your odds to be as close together as possible.

When betting on Ivory Coast, my back odds were 2. Again, you ideally want them to be fairly close together in order to maximise your winnings. With Switzerland apb stock options Ecuador, the make money through betfair and lay odds were 3. It was time to try and do two-at-a-time I decided. The problem with this approach is you need to spend more money upfront.

Which leads on to another important lesson I learned: I felt like a right tit. Make money through betfair so I thought. Matched betting is a very peculiar experience, largely because it removes all stakes from the actual football match.

The temptation to stray from the system and to just start placing bets without covering the lay outcome can be hard to ignore.

Trading On Betfair

However, getting cocky and going rogue would probably be a recipe for disaster. Life 3 years ago.

Although I DID get rich quick. Whether England win, lose, or draw, you always win!

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