Making Money with Matched Betting and Bonus Bagging

Are you looking for a way to make money with betting systems that really is guaranteed?

You are in the right place! Read on for details of how you can be certain of winning with matched betting and bonus bagging.

Part of the thrill when betting on sport is taking a risk with your money and seeing it pay off and win you profit.  You have looked at all the statistics, followed the tips from experts, completed your own research and found the best odds.  Having placed your money on your selection, you wait with great anticipation, to see if your bet is a winner.  The excitement and adrenaline kicks in and come the end of the event, you are either celebrating your win or commiserating yourself on your loss.

Now, imagine there was a way you could guarantee you will win money on every bet you place.  Sounds too good to be true, doesn’t it?  What a great feeling it would be to beat the bookie every time you place a bet.  Thanks to matched betting, it is possible, using free bets and bonus offers, to ensure you make a profit when betting on sport.  Read on to find out more about this exciting technique.

What is Matched Betting?

Matched Betting is not new and has been on the gambling scene for several years.  It has been featured in some of the UK’s most popular newspapers, such as The Telegraph and The Guardian.  In its basic form, Matched Betting is a mathematical system which uses free bets and bonuses from bookmakers, to make risk-free profit.

Matched betting and bonus bagging with bet majestic

Daily Telegraph

Do not allow the fact maths is involved to put you off, it is very straight forward and there are tools available which will help you.  Matched betting, also known in some circles as bonus bagging, requires you to start off with some money in the bank to place bets with, but this can be anything from £50 upwards.  You do not need a large sum to start.

To place a matched bet and beat the bookies, you will need to use a standard bookmaker and a betting exchange.  A standard bookmaker is one which you will have seen in your high street or online, such as William Hill, Ladbrokes and Bet365.  Betting exchanges are similar but work in a slightly different way and they are the key to matched betting.

Betting Exchange

A betting exchange, such as Betfair, Matchbook or Smarkets, is a place where users can bet against each other and the exchange takes a small commission. It is usually no more than 5%, but always check, as you will need this information later.  You can be the backer or the layer.  For example, one person may feel Real Madrid are not going to win the Champions League this season and chooses to place a lay bet on the exchange.  You believe Real Madrid have a good chance of winning it, so you back that persons bet at the odds they have chosen.  They are the layer, you are the backer.

If Real Madrid win the Champions League, you will be paid your winnings by the person who made the lay bet.  However, if they do not win it, you will lose your stake and the other person will get to keep it.

So, as you can see from this example, a lay bet is one where we bet something will not happen, as opposed to a back bet, which is when we bet that something will happen.

Decimal Odds

A further key ingredient when matched betting, is decimal odds.  You may be used to seeing fractional odds when placing your normal bets but when matched betting, you should use decimal odds.  Every good online bookmaker and betting exchange will allow you to change their odds from fractional to decimal and this can usually be done using a menu at the top of the website.  Examples of decimals odds include 3.45 and 3.90 and as you can see, they are very easy to compare.  Not only that but it is easy to work out potential winnings using decimal odds.  If you place a back bet of £10 on odds of 7.00, you will receive £70, including your stake of £10, which makes £60 profit.

So, with that in mind, let’s look at an example of a matched bet and see how it works.

How Matched Betting Works

To attract new customers or keep current ones using their website, bookmakers offer free bets and bonuses.  To obtain the free bet or bonus, you will usually be required to place a bet of a specified amount on an event.  For example, William Hill will give you a free bet of £20 if you place a bet of £20 on Manchester United vs Liverpool.

Let’s break this down and show you step by step, how you can place a matched bet using this offer.

  1. You must place a £20 back bet on the match, to earn the qualifying bet. Manchester United are 2.0 to win the match and your return is £40, including your stake, meaning £20 profit.
  2. Next, you need to place a £20 lay bet on Manchester United at the betting exchange at odds of 2.0. You will lose £20 to the backer, if you Manchester United win the match.
  3. Wait for the outcome of the match. As you have covered all outcomes, whatever the result, you will break even and claim your free £20 bet at William Hill.
  4. You can then use your free bet, to do what is essentially the same process but use bigger odds to extract the greatest profit possible.

How to Calculate a Bet and Find Closely Matched Odds

As you can see from the example above, you want to find the highest, most closely matched odds to make the most profit from your matched bet.  To save you from having to search through thousands of odds to find them, you can use an odds matcher, which will do this for you.  The bigger the odds the most more money you must place in your betting exchange but the greater the profit you will make.

Having found well matched, big odds, such as 10 on William Hill for Swansea to win at Chelsea and lay odds of 10.5 at Betfair, you can place your free £20 bet at William Hill.  However, you still need to work out the amount you need to lay at Betfair and this is extremely important.

To calculate a bet, you will require a matched betting calculator and again, these can be found for free online.  Simply input the back stake and back odds into the appropriate fields on the calculator, which in this example are £20 and 10.0.  Next, input the lay odds into the appropriate field on the calculator, plus the amount of commission the betting exchange is taking and this will give you the required stake for your lay bet and most importantly, the total profit you are guaranteed to make.

The process of matched betting may seem a little confusing at first but it is very straightforward and once you have completed it a few times, it becomes much easier.  You will beat the bookie every time, simply by using free bets and bonuses.


Matched betting takes all the risk away from betting on sport.  As you can see from the examples above, using the method guarantees you make money from bookmakers free bet and bonus offers.  You need to be a member of a betting exchange and there may be a few new terms you need to understand but it does not take long to pick these up.

If you are struggling with how to calculate a bet or simply do not have the time to try and find the best odds and work it out yourself, you can sign up for one of the membership websites mentioned above.

Matched betting is proven to make risk free money and with new offers being introduced by bookmakers daily, you can take full advantage of this great sports betting system.

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