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

7. Using the free-bet and repeating steps 4, 5 and 6

When the sporting event has finished and you have received the winnings either at the bookmaker or exchange, log back in to both accounts and get ready to continue the next steps. This is when you will be using your free bet or bonus cash, and will be repeating steps 4, 5 and 6. Firstly you should check the terms and conditions of the free bet - find out if the original bet stake is returned or not. SR means stake returned SNR means stake not returned. If the free bet is SNR try and find odds to bet which are above 5 at the bookmakers. This is so you can gain as much profit as possible from the free bet. Make sure you enter the SNR as a 'Forfeit' amount in the Matcher.EXE file when working out your bet amounts. Back the sporting event at the same online bookmaker using the free bet, and then lay this with the amount specified at the betting exchange.

A screenshot of the Matcher program, with the SNR amount entered in the 'Stake Forfeit' field.