If you are looking to make risk free money, then cashing in free bets using the matched betting method is a great way to do this.

Free Bets

It is important when looking at opening an online bookmakers account that you fully understand the type of free bet you are receiving, as believe it or not, there are different types of free bets.

Free Bets for Matched Betting
Using Free Bets is a great way to make risk free money from matched betting

Matched Betting Systems

Bonus Bagging – £1 Trial
Profit Maximiser – £1 Trial
Profit Accumulator – Free Trial
OddsMonkey – Free Trial
Accumulator Generator £1 Trial
MatchedBets – Free Trial

Free Bet or Free Matched Bets

The two types of free bets available are a free matched bet, and a risk free bet. To briefly describe the difference, a free matched bet is a free bet you receive no matter what the outcome of your qualifying bet (the bet can win or lose).

A risk free bet only becomes a free bet if your qualifying bet loses. It is possible to make risk free money from both types of bet, but you will make more from a free matched bet.

As well as understanding your free bet type, you will also need to know the free bet amount. So make sure you read the bookmakers terms and conditions.

Ensure You Know Your Free Bets Terms And Conditions

Some bookmakers will stipulate that the qualifying bet has to be placed on an event with odds of Even money (2.00) or greater. While some will say you have to place your qualifying bet within seven days of opening your new bookmakers account, etc, etc.

Every bookmaker is different, so for that reason, always make sure you know the minimum odds and the amount of time you have to place your bets in.

I would wait for a high profile football, as that should ensure plenty of liquidity on Betfair (you can use other betting exchanges), allowing me to comfortably lay my qualifying bet. I would also wait until the say of the match to open my account, to allow me the maximum amount of time to use my free bet.

The majority of the free bets that are available on the Bonus Bagging service are free matched bets, while on Profit Maximiser there is a combination of both. There are also free bets listed on this site that aren’t on either of Bonus Bagging and Profit Maximiser.

Cashing in free bets is something you can do yourself. The advantage of joining either Bonus Bagging or Profit Maximiser is that you will get access to the Bonus Bagging Calculator

The calculator is an important tool, as it works out the precise amount of money you need to stake for both your qualifying and online free bets. This applies to both the risk free bets and the free matched bets.

The free bets you get for existing customers, are also known as reload offers, and are mainly available on horse racing and football.

Matched Betting

There is a no risk way of making money from betting, and it’s called Matched Betting.

Matched betting enables us to make risk free money from bookmaker’s free bets and bonuses. With little or no experience, anybody can do matched betting. Access to the internet and fifty quid is all you need too get up and running. That’s it!

Any money back special you see from a bookmaker, enhanced odds offers, or any free bets, are all matched betting opportunities. Just watch the tv adverts during a football match and you will see some of these  .

Matched betting is huge, and it shows no sign of ending anytime soon. The amount of bookmakers and competition in the market place, ensures matched betting is here to stay.

It is possible to make £500 a month from matched betting, although that does involve a lot of commitment. If you have the time and patience, then you will succeed. So what are you waiting for, give matched betting a go.

Profit Maximiser

You may have heard of Profit Maximiser already. Profit Maximiser is the brainchild of Mike Cruickshank, the man behind plenty of online betting services and systems.

Methods of purchasing Profit Maximiser

There are currently two methods for purchasing Profit Maximiser –

1) You can purchase Profit Maximiser for £1 + Vat, and get full access to the site for 14 day’s. After 14 days, the remainder of the £96 + Vat will be automatically billed.

This completes your purchase for a whole year.

If you decide you don’t want Profit Maximser, then e-mail customer services before the end of the 14 days. They will then cancel your order. Meaning it only cost you a total of £1.20 to try out Profit Maximiser.

2) You purchase Profit Maximiser outright for 12 months at the full price of £97 +Vat.

Buying the system outright gets you full access to the site, and the 100% guaranteed refund for 30 days. The two methods mean you can either try Profit Maximiser out for free, or for just £1.20.

More details can be found on our Profit Maximiser Review, where you will see in more details how Profit Maximiser works.

You will make risk free cash while trying out Profit Maximiser. So for that reason alone, it’s worth giving Profit Maximiser a try.