Video Summary

In this article, the author explains how to make money through match betting, a type of betting where you back a bet with one bookmaker and lay a bet with another, canceling each other out. The key to success lies in understanding back and lay bets, which are exact opposites. A back bet is a traditional bet on an outcome to happen, while a lay bet is a bet against an outcome happening. The two types of bets are always paired, with one bookmaker as the backer and the other as the layer.

The author also explains how to display betting odds, which are typically displayed as fractions, but can be switched to decimals for easier understanding. For example, a back bet with odds of 2.5 would result in a payout of £25, including a £15 profit.

The author then explains how to use match betting to make five figures a year. The process involves placing a back bet with one bookmaker, such as Coral, and a lay bet with a betting exchange, such as Matchbook. The back bet is used to qualify for a free bet, which can be used to make a guaranteed profit. The author provides a step-by-step guide on how to sign up for a bookmaker, deposit £5, and place a bet to qualify for a free bet. The free bet can then be used with a betting exchange to make a profit. Throughout the article, the author emphasizes the importance of following the terms and conditions of each bookmaker and provides tips on how to avoid losing money by using decimal odds and ensuring that the back and lay bets are paired correctly.