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Step By Step Guide: Matched Betting For Bookmaker Bonuses, Guaranteed Profits

3. Find an online betting exchange

An online betting exchange is just like an online bookmaker, except they are a lot rarer and at an exchange you have the ability to lay a bet. When you lay a bet you are betting against that event happening. You have the ability to win other punters' money on the exchange (as you are taking the place of the bookmaker; accepting money for bets and changing odds etc). So if you were to lay Chelsea to win the league at odds of 2 with a stake of 10, you are basically gambling that Chelsea will not win the league. If Chelsea won the league you would have to pay out 20 (the 10 stake and then their 10 winnings) so you have made a loss of 10. However if Chelsea don't win the league you will get to keep the 10 that someone has bet with you.

Lay your bets for profit at the betting exchanges

A screenshot of the cash deposit screen at online exchange Betfair

 

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