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If you’ve been skeptical about matched betting, thinking it’s too complicated or time-consuming to be worth your while, I have some great news for you. It’s actually much easier and quicker than you might think, and you can make a guaranteed profit with minimal liability in just a few minutes. Many people make money with matched betting every day.
In this article, I’ll show you how to take your matched betting profits to the next level. While making money with matched betting is a straightforward process, there are some insider tips and tricks that can help you maximize your profits. With this knowledge, you can turn your matched betting hobby into a lucrative side hustle.
What is Matched Betting?
Matched betting is a betting strategy that involves placing bets on all possible outcomes of a sporting event, using free bets and promotions provided by bookmakers. This is done to ensure a profit, regardless of the outcome of the event. Matched betting is a mathematical strategy that takes advantage of the differences in odds offered by different bookmakers. It is not considered gambling, as it is based on a guaranteed profit rather than luck. One way to make money with matched betting is by using free bets and promotions provided by bookmakers. It’s a straightforward process that anyone can learn.
However, it does require careful planning, attention to detail, and some basic mathematical skills. Matched betting carries some risks, and it is important to understand these risks before getting involved. If you want to make money with matched betting, it’s crucial to manage the risks involved and be aware of potential downsides.
How does matched betting work?
Matched betting functions by using lay bets to neutralize the risks posed by a back bet. You place a back and lay bet on the same result to eliminate all risk. You can’t lose your bet because you’ve covered all possible outcomes.
To keep things simple, we’ll focus on free bets in this guide. You can earn a bookmaker’s free bet and other promotions, and your profit will come from these free bets. Your first bet, also known as a ‘qualifying’ bet, is what qualifies you to receive a free bet. This initial bet will not earn you any profit, and you may even lose a few pence.
Once you receive a free bet from a bookmaker, you can guarantee profits by using the same back-and-lay method. You’re now using someone else’s money for half of the bets, but you keep all the winnings. This eliminates all risks and guarantees you an easy profit, regardless of the outcome of the sporting event you’re betting on.
Matched betting provides you with the opportunity to earn a constant flow of free bets that will become your primary income source.
How to Do Matched Betting
Discover how to make the most of free bets with this easy-to-follow, step-by-step guide.
Step 1: Register With a Betting Exchange To Make Money With Matched Betting
Instead of competing with the bookmaker at a traditional betting site, choose a betting exchange where you’ll bet against other gamblers. This will help you offset the risk of using your free bet.
Step 2: Sign Up with a Bookmaker
To gain access to a free bet, most bookmakers will require you to place a wager first. It’s important to compare the odds offered by the bookmaker and the betting exchange to identify the closest match. By ensuring that there’s little or no difference between the Back Bet and Lay Bet, you can limit your initial losses.
As you search for a qualifying bet, aim for odds that closely align with the minimum requirement. This will help you to maximize your chances of qualifying for a free bet.
Step 3: Choose Your Qualifying Bet
Nearly all bookmakers require you to make a paid bet before you can access the free one. Compare the odds between the bookmaker and the betting exchange to find the closest match. You’ll minimize your initial losses by making sure there’s no or little discrepancy between the Back Bet and Lay Bet.
Naturally, you’ll want to look for bets with odds that are as close as possible to this minimum.
Assisted and Manual Matching
The first option is to use assisted or manual matching tools, such as spreadsheets. These tools make suggestions based on the type of bet, amount staked, and timeframe. Many matched betting punters prefer this method because it allows them to automatically compare odds from the bookmaker with those from the betting exchange.
While it’s possible to find all the odds yourself, it can be time-consuming and requires a good understanding of numbers. Considering that time is money and the returns from each transaction may not be mammoth, it makes sense to seek assistance.
Automatic matching systems are a great solution for minimizing losses on your qualifying bets. These systems work by identifying the best Back Bets and Lay Bets for you, ensuring that you lose as little money as possible.
There are several websites and computer programs that offer automatic matching services, so you don’t have to waste time browsing for odds. However, these services usually come with a fee that can eat into your profits. The benefit of using these services is that they will never match odds that could result in a loss.
Step 4: Claim the Free Bet
Now that your Back and Lay bets have been settled, you have some funds with either the bookmaker or the betting exchange. These funds should add up to slightly less than the total amount you staked in your bets. Congratulations! You can now claim your free bet.
When it comes to free bets, the stake is not usually returned, so it’s best to go for bets with the longest odds possible. The correct score and half-time/full-time markets often offer the longest odds, so that’s where you should look. Remember, this is your chance to win big, so make it count!
Step 5: Begin Again and Guarantee Your Profits with Free Bets
To begin, the process remains the same, with one small change: instead of using your own money, you’ll need to cover the liability at the betting exchange once again.
If your qualifying lay bet didn’t work out, don’t worry. Simply add extra funds to cover the liability of the new free bet.
Repeat the steps to find a free bet with matching odds, and this time, when you match the bet, you’ll calculate a guaranteed profit from the transaction.
Some bookmakers even let you place the free bet as soon as the qualifying one is done, meaning you can bet on the same event again. If not, head back to the auto-matcher for the closest odds.
The Bottom Line
In conclusion, matched betting is a great way to earn some extra cash without taking unnecessary risks. To get started, simply sign up for a bookmaker with the best free bet offer and a betting exchange. It’s important to use an auto-matching tool to ensure that your Back Bet and Lay Bet match up perfectly, or else you could risk losing money.
Matched betting is a great way to earn some extra cash without taking unnecessary risks. New offers are introduced almost every week, so it’s important to stay on top of things. If you want to make money with matched betting and get the most of the opportunities available and maximize your earnings, it’s essential to stay up-to-date on the latest offers and promotions and actively seek them out to make money with matched betting.
Once you’ve made a negligible loss on the qualifying bet, you can start the process over and this time, you can’t lose! With matched betting, you can make a nice amount of cash in a matter of minutes, and the best part is that you can repeat the process with a host of other bookmakers.
New offers are introduced almost every week, so it’s important to stay on top of things. Keep in mind that most offers are for a limited time only, so being methodical is key. The best part is that all you need is a few clicks of a mouse to potentially come into a little windfall. So why not give matched betting a try and see how much you can earn?
Remember, take your time, and don’t rush things. Use caution when making your Back Bet and Lay Bet, and you’ll be on your way to making a profit in no time.