For anybody who is considering making money from online bookmakers free bets (matched betting), opening an account with a betting exchange is essential.
The same applies to Bonus Bagging and Profit Maximiser, if you want to make money from the bookmakers free bets on both these services, again you will need an account with a betting exchange.
At the moment the two main players in the betting exchange market are Betfair and Betdaq.
Betfair are currently the biggest betting exchange in the marketplace, they are currently offering a £30.00 Free Bet to new customers. This is a free matched bet, which means you get the free bet as long as you place the relevant qualifying bet.
Betfair currently have both a betting exchange and a sportsbook. One account/login serves both, so when you sign up, don’t be alarmed if you think you have signed up to the sportsbook, as it will work on the betting exchange as well.
The other main player is Betdaq, who are currently offering a £25.00 Risk Free Bet to new customers (you get it back if your first bet loses).
There are other betting exchanges in the market place, such as Smarkets and WBX. At the moment they seem to lack the liquidity of Betfair, but they are new players finding their feet. In time these could end up being a good addition tool for Bonus Bagging and Profit Maximiser, as the more betting exchanges we have to choose from, the better. As this will enable us to shop around for the best odds, rather than just being stuck to only having one exchange.