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Matched betting explained: how a free bet becomes cash, and what the bookmaker does next

calendar_today October 4, 2026 person Pred domain pred

TL;DR: Matched betting turns a bookmaker’s free bet into cash you can withdraw. You back a selection with the bookmaker and lay it on an exchange, so the two bets cancel out whatever the result. A £10 free bet backed at 6.0 and laid at

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