In this video, I'll explain how matched betting works, and show you a live example, where I make a risk-free profit of £30.43 in less than fifteen minutes.

HERE'S THE FULL REPORT WITH ALL THE LINKS, AS MENTIONED IN THE VIDEO

Step 1 - Register with Paddy Power. Deposit £50

Step 2 - Find a qualifying bet of greater than 1.5 (or 1/2 in fractional), where the odds on Betfair are as close to the PP odds as possible.

Step 3 - Enter the figures into a matched bet calculator (selecting Initial Deposit at the top), and place the bets as per the instructions there. Expect to make a small loss on this first (qualifying) bet.

Step 4 - As soon as your Paddy bet is made, your free bet will be credited. Now it's time to find a second match up. Look for a match with odds of 4.5 (7/2) or greater ideally, where the Betfair odds are as close to the Paddy odds as possible.

Step 5 - Enter the figures into the matched bet calculator (this time checking the Free Bet Stake Not Returned, or SNR, button), and place the bets as per the instructions there. Expect to make a profit of between £32 and £40 on this bet, meaning a net profit (after accounting for the small qualifying bet loss) of around £30 to £37.

Step 6 - You're done. Await the results, and withdraw your winnings (or re-invest them!)