Matched Betting is a risk free technique to guarantee profit from free bets. Bookmakers (like Fanduel, Draftkings, etc.) will run promotions where you are awarded a free bet as an incentive to sign up. By hedging your free bet through placing money on the opposite side, you can ensure to make money no matter which side wins. 

Let's start with a simple example.

Say you created a Fanduel account during their new user promotion. Fanduel then awards your account with $200 in "bonus bets". A bonus bet on Fanduel refers to a set of credits that you can place on a team, proposition, or any other entity. If the bet wins, you are only awarded the profits of that bet. If it loses, the bet goes away. 

To guarantee a profit from this, you could place your $200 bonus bet on the Chicago Bulls. Say they were playing the Los Angelos Lakers, you would then hedge this bet by then placing $100 on the Lakers.

If the Bulls win, you win your bonus bet, cashing in on just the profits, so $200 from the promotional bet. Clearly, you would lose the money from the hedge bet, but since that stake is smaller than your profit you would be in the green $100.

If the Lakers win, you get your stake back, and profit $100 for winning the bet. Your bonus bet would disappear, but since that was given to you for free, you're still up $100.

But there are some problems...

This is an oversimplification that has some issues. It assumes that both sides of the bet payout exactly what you put in (an even bet). In reality, the lines for each side are not even, the Bulls line may pay out 2 or 3 times what you put in if they're underdogs, or maybe only pay out half of what you put in if they are the favorites. Even just slight changes in the odds has a big difference on whether or not you'll make money.

You may also notice that you only profit 50% of the promotional value given out in this example, which is less than ideal. Perhaps you figure that that there are certain events which could give you more money, but how can you find them and ensure that you'll be profitting more? How do you know what amount of money needs to be hedged on the other side?

Why HedgeR?

That's where we come in. Here at HedgeR we've developed an algorithm that scans thousands of lines across different sportsbooks to find the optimum strategy for your promotion. We pre-calculate the profitability of the different odds to make sure that you are getting as much money as possible. All you have to do is tell us the size of your free bet and we'll calculate how much to place as the lay (hedge) bet.

Now be warned, Matched Betting is extremely profitable and probably the easiest money you'll make in your life; but it's not simple or intuitive. If you keep following our detailed guides and interactive instructions, you will be sure to make money, but it requires you to be mindful and patient. If you think you got what it takes, go through the rest of our tutorials to make some easy cash today.