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

8. Counting your profit; how you made a profit

At this stage your profit should roughly equal the amount that the free bet was (in this case £20). This profit is gained from the free bet, and from the process of step 6 above. When you place the bet using the free bet and it loses, it doesn't matter because you haven't actually lost any of your own money at the betting site; but have gained the stake which was layed at the exchange. However if you won your bet at the bookmakers you would have an amount of profit that is higher then the amount paid out at the exchange. Now you are ready to go and take advantage of other online bookmaker websites, and take advantage of their free bets and promotions.