Matched betting is a technique that can be used to make money from the free bets and bonuses offered by online bookmakers. It is a legal and risk-free method of making money, and there is no need to gamble any of your own money. In this blog post, we will explain what is matched betting, how matched betting works, and provide you with a step-by-step guide on how to get started.
What is Matched Betting?
Matched betting involves placing a bet on an outcome with one bookmaker, while at the same time placing a bet against that same outcome with another bookmaker – hence the term ‘matched’. This ensures that you will always win, regardless of the outcome of the event. For example, let’s say you place a bet on Manchester United to win at odds of 2.0 with Bookmaker A, and then place a bet against them winning at odds of 2.0 with Bookmaker B.
If Manchester United wins, you will receive £10 from Bookmaker A and lose £10 from Bookmaker B, meaning you have made a profit of £10. If they lose, you will lose £10 from Bookmaker A and receive £10 from Bookmaker B, again resulting in a profit of £10.
The key to matched betting is finding good value bets. This is where the free bets and bonuses offered by bookmakers come in handy. By taking advantage of these offers, you can guarantee yourself a profit without having to risk any of your own money.
How to Get Started with Matched Betting?
Follow our step-by-step guide below to start matched betting and you could be earning extra cash in no time!
-
Find A Good-Matched Betting Site
There are a number of matched betting sites available, and it’s important to find one that suits your needs. Some sites charge a monthly fee, while others are free to use. It’s also worth looking for a site that offers an extensive range of offers and tutorials, as this will make it easier to get started and increase your chances of making a profit.
-
Open An Account With A Bookmaker
In order to start matched betting, you will need to open an account with an online bookmaker. Most bookmakers offer a range of sign-up bonuses, so it’s worth shopping around to find the best deal. Once you have found a good offer, simply create an account and deposit some money into your account.
-
Place Your First Bet
Now it’s time to place your first bet. Choose an event that you are confident about and place a bet on it. For example, if you are betting on a football match, you might choose to bet on the team that you think will win.
-
Find A Matched Bet
Once you have placed your first bet, it’s time to find a matched bet. This is where a matched betting site will come in handy. Most sites offer a range of matched bets, so simply choose one that you are confident about and place your bet.
-
Repeat The Process
Once you have placed your matched bet, simply repeat the process with different events and markets. With a bit of practice, you will soon be an expert at matched betting and on your way to making some extra cash!
Some Tips for the Matched Betting
- Use a betting exchange: Betting exchanges offer better odds than traditional bookmakers, so they are worth considering if you want to maximize your profits.
- Look for reload offers: Many bookmakers offer to reload bonuses, which means you can earn extra cash by placing more bets. Keep an eye out for these offers and take advantage of them whenever you can.
- Manage your bankroll: It’s important to manage your bankroll effectively when matched betting. Only bet with money that you can afford to lose, and never chase your losses. By following these simple tips, you will minimize your risks and maximize your chances of making a profit.
- Do your accounting: Keep track of your matched betting profits and losses with a spreadsheet or dedicated matched betting software. This will help you to stay organized and on top of your finances.
Matched betting can be a lucrative way to make some extra cash, but it’s important to remember that it is also a form of gambling. Be sure to gamble responsibly and only bet with money that you can afford to lose. For more tips and tricks on different types of betting, follow the blog section of BestBettingAgents. Most importantly, have fun!
