Fancy some extra cash each month? Yes, me too. Most online bookmakers offer a free bet when you open an account with them, usually after having placed an initial qualifying bet. If you bet 'normally' with them you risk losing your qualifying bet and your free bet, ending up out of pocket.

Matched betting involves laying (hedging) your bets at a betting exchange so you always end up in profit, usually by about 90% of the free bet amount. I've been doing it for just a week, and with 2 free bets I've made just short of £30; by the end of tomorrow that should be around £40. Sure, it's not enough to retire on, but it will certainly help pay the bills.

The javascript calculator that I was alluding to in the previous post is a matched betting calculator, which tells you exactly how much you should be staking at the betting exchange.

Visit Matched Odds for more information, a step by step guide and to follow my progress.