WHAT IS MATCHED BETTING?
You may have heard about Matched Betting already or maybe seen social media content referring to it. If some people are to be believed it’s the “Number One Way to Make Money Online”. So what’s Matched Betting all about I hear you say???
Matched betting is a low risk form of betting, typically on sport, that’s used to make guaranteed profits. It’s also commonly referred to as ‘bonus bagging’ or ‘no-risk betting’.
By using free bets and other promotions by bookmakers, matched bettors guarantee profits. They do this by having all outcomes of a match or an event covered. The concept of Matching Betting also extends to online casinos & virtual games.
It is a betting technique used by individuals to profit from free bets and other incentives offered by bookmakers. It is generally considered risk-free as it is based on the application of a mathematical equation rather than chance.
Wikipedia
Sounds too good to be true, right?
I’d answer Yes & No.
When Matched Betting really kicked off (early 2010s?) there were great profits to be made. People making more each month from matched betting than they would get from their regular jobs (and all tax-free – it still is). I guess the bookies & casinos were a little naïve in their approach. For a time there were loads & loads of opportunities for ordinary punters to tap into free bet offers.
Bookies soon decided to tighten the rules applied to their offers. The landscape now is very different to the early ‘gold mine’ days. There may be some matched bettors still earning most of their income that way but they will be few and far between.
Make sure you familiarise yourself with some key DO’s & DON’Ts to Matched Betting.
However, that doesn’t mean there isn’t easy money to still be made from Matched Betting.
NEW CUSTOMER OFFERS
There are plenty of NEW CUSTOMER OFFERS from a selection of well known bookmakers. The Offers give to a total of c.£500 in free bets. Without much effort you should be able to make at least 80% profit from each free bet. That’s over £400 profit available for a few hours work.
Matched betting doesn’t stop there. In the example bets on this site I’ll provide examples of Matched Betting using offers for NEW CUSTOMERS. Then you can move on to the RELOAD OFFER EXAMPLES. These show how you can continue to profit once you’re an existing customer (see more below)
With little effort you can make good regular profit without needing to sign up to a MATCHED BETTING SERVICE. However, if you decide to invest more time in Matched Betting, a Service can help you get to the next level. They provide access to tailored software to save you time by flagging the best back & lay bets. You will be notified of new bookie offers. Their Communities are key to help users share insights and experiences with others similar Matched Bettors. There are now a number of MATCHED BETTING SERVICES and I’ve set out details of the most established HERE.
RELOAD OFFERS
When you’ve completed the new customer offers you can move onto what are called RELOAD OFFERS for existing customers. There are many different types of Reload Offers with great profit opportunities but the most common ones include:-
Other types of Matched Betting cover:-
Bet X Get Y
Similar to a new customer bonus, an example is Skybet’s Free Bet Club. They give a weekly £5 free bet if you bet £25 each week. Paddy Power has a similar ‘Power Up’ weekly offer
Horse Racing Money Back if Second
Regularly offered on Saturday racing and big racing festivals, you get a free bet if your horse finishes second. The method is to back and lay a horse, ideally one of the top 3 favourites in the betting. You then hope it finishes second. If it does you’ll have a free bet to profit from and if not you just take the small loss. The key to this offer is that you won’t win every time. However, over a period of time you should expect to make some good profits.
Money back if your horse doesn’t win
Not an offer you see that often but one to make sure you don’t miss! Easy profit to be made as you just need to back and lay a horse that is unlikely to win. This is usually only found at major festivals Royal Ascot or the Cheltenham Festival.
Horse racing Extra Places
A more advanced offer but often very profitable. You are looking for a bookmaker paying 5 (or 4) places while the race typically pays 4 (or 3). You back a horse with the bookie and then lay them on the Win and Place markets on a Betting Exchange. If your horse comes 5th (or 4th), you will win your back and your lay bets for a great return.
Beaten by a Length (BBL)
If your horse finishes second but within a length of the winner, you get a Free Bet refund.
Football Accumulator Insurance
A very common offer on accumulator bets on football matches. A free bet is given if one leg of the bet loses. This is a little more complicated and very popular with more experienced match bettors. It’s not for beginners and is best managed using software available through Matched Betting Services.
Price Boosts
These can be on any sport and are an easy way to make profit. You just need to lay off your bet at lower odds than you’ve backed. You can choose to lock in a guarantee profit regardless of the result. Alternatively you can decide to under or overlay if you fancy the result to go a particular way.
Offers are changing all the time and each bookmaker will introduce offers for particular sports, events such as football World Cup & Euro competitions – you name it the list is endless…..
All the above might seem very daunting but the RELOAD EXAMPLES page will help you follow the steps required to profit from these and other offers.
It doesn’t stop with Sports Betting.
CASINOS
Casinos can be a great source of regular income for matched bettors. It’s not an area in which I’d call myself an expert and I’d recommend signing up to a MATCHED BETTING SERVICE if you intend to get involved
However, what you can do without any risk at all is take advantage of FREE SPINS. From time to time you’ll receive emails/mobile notifications from bookies offering you free spins on their casino games. They’ll hope that you’ll move on to spend your own cash on the games.
So long as you keep your discipline then the free spins are well worth trying. It will only take you a couple of minutes. While you are unlikely to make much, it’s not unknown to win a few quid at a time.
As with all these offers, you MUST ensure you read the terms beforehand. If you’re using one of the mainstream bookies there’s unlikely to be anything unreasonable in the terms
As with the Sportsbook sites, there are plenty of CASINO & BINGO offers for new and existing customers. However the terms vary from one site to another.
Offers include New Customer Deposit Bonuses and 100% Refunds up to a fixed amount. Understanding what this means and whether offers are worth doing is covered in detail by the MATCHED BETTING SERVICES.
Be Careful!
CASINO & BINGO offers have the potential to win some large, potentially life-changing, profits. BUT you could also spend hours and hours with very little or no return at the end. For example, any CASINO profits will usually need to be ‘played through’ multiple times before any remaining profit can be withdrawn. These deposit bonuses will often be things like 100% or 200% deposit matches up to £200, with anywhere up to 75 times wagering (so if you have a £100 bonus, you would have to do £1,000 to £7,500 worth of spins).
