Matched betting is one of the best ways to make money risk-free online, quickly and easily. I have personally profited from matched betting and have also helped my friends and family make £500+ by taking advantage of bookmakers’ promotional free bets. Matched Betting in the UK is a legal and risk-free way to guarantee profits if you know what you are doing.
To help take advantage of this online money-making hack I recommend using Profit Accumulator. Profit Accumulator provides members with tools, and support to help maximize profits and potentially generate a second income from home.
If you´re looking to make some quick cash online during COVID, matched betting could be a great opportunity. Due to the tight restrictions sport was heavily affected, costing bookmakers millions that they will want to try and recoup. Therefore, it’s likely they will be looking to tempt new and returning customers with some generous sign-up offers over the coming months. So, why not take advantage of these generous sign-up offers and bonuses and make some money in the process. Follow this guide and I will show you how.
Is Matched Betting Worth It?
With so many bookmakers online and on the high street, all competing for your business, bookmakers are always running promotions trying to attract new customers and re-engage with existing customers. Which are normally in the form of bonuses and free bets.
The bookmaker’s aim is for you sign-up to their website and place your initial bet and they will then offer you a free bet, as a sign-up bonus. Now, the majority of customers will place this bet again and lose. So, customers will have either lost their initial bet AND their free bet, or they may have been lucky and won both!
Some customers will now be sensible and stop there, but others will chase their losses trying to break even. Either way, the bookmaker has now won… you may have won or lost your bet, but the bookmaker now has your email address and phone number, so you can now be hit with marketing in the future.
However, with the match betting technique, you can take advantage of these types of promotions and make guaranteed profits. Or you can even stop there and never place a single bet again and run off with your profits. But, if you wanted to continue match betting you can now take further advantage of these marketing emails and text messages.
How Much Profit Can I Make?
This all depends on how much time you´re willing to put in. At the start, when you initially sign-up, you will have plenty of free bets and offers and can make a few hundred pounds quickly. You won’t make 100% profit from your free bets, that’s because exchanges will often charge around 5% commission for winnings when you are laying bets. This is how betting exchanges make their money, unfortunately. There may also be a difference in odds on each website, so you can lose a little there too. However, you can make around 95% of the free bet (tax-free) which is pretty good!
Gubbed! Matched Betting Gubbing Explained
Matched Betting gubbing is inevitable and it’s all part of the game and you should think of it as a badge of honor. You´re actually beating the bookmaker and they don`t like it.
Its the bookmakers job for you to lose and for them to make money. Over time bookmakers algorithms will notice your betting patterns and realise your not a profitable customer and they will stop providing you will promotions and offers, or even worse… close your account. One way I personally got around this was by signing my nan up and started the whole process again.
Is Matched Betting Legal?
Matched betting is not illegal. In fact, it’s even been featured in the likes of the Guardian, Telegraph, and Money Saving Expert as a way to make money. And the money that you make is also tax-free. Now you may find that you are “gubbed” or removed from any special promotions or offers from a specific bookmaker, but there are plenty of other offers to take advantage of.
Matched Betting Step by Step Guide
The first thing you’ll need to do is have an understanding of betting terminology. So, if you don’t know already know the difference between a bookmaker and an exchange, a back or a lay bet then read on.
What is a Back Bet?
Backing a bet is placed at a Bookmakers like Coral, Paddy Power, Labrokes, etc and is when you are betting for a certain outcome to come true. An example of this would be if you bet Man United will win a match. If it comes true, you win the bet and the winnings. But then if Man United lose or draw, you lose.
What is a Lay Bet?
Laying a bet is placed at a betting exchange like Betfair and is when you are betting against a certain outcome to come true. In this example, you’d be betting that Man United will not win. So, that if they lose or draw, you win the bet.
How to Start Matched Betting
Lay and Back bets are used to cancel out the risk. So that you place a Back bet at the online bookies and then a lay bet on a betting exchange. Betting against yourself at the same odds. So basically in this way you are “matching your bet”. By betting on both outcomes you won’t win, but you won’t lose either and therefore can’t lose any money.
Your first/qualifying bet is what earns you the free bet. Then, once you’ve received your free bet from the bookmaker, you can get profits using the same back and lay method. And now, you are betting with someone else’s money for the half of the bets, but you get to keep the winnings.
You don’t have to know anything about sport to get started with match betting, as essentially who wins doesn’t even matter. But you will need to be over 18, a UK resident, have a bank account with a debit card, proof of address, ID and maybe around £200 for liabilities.
It may take you some time to get your head around it the first time, especially whilst you are getting used to the tools, systems and methodology but with the help of the profit accumulator tools, you will start to speed through these.
Matched Betting Calculator
The matched betting calculator is an important part of the process, no need for complicated excel spreadsheets. Profit Accumulator provides you with an easy to use Matched Betting calculator, to calculate your qualifying or a free bet. It will tell you exactly how much you need to stake, liability, and your guaranteed profit. Do take your time inputting the information into the calculator, inputting the correct information will ensure you make a risk-free guarantee profit regardless of the outcome.
Step 1: Join a Matched Betting Site (such as Profit Accumulator)
A matched betting service, such as Profit Accumulator will post bookmaker offers online every single day. All these offers are then collated into one place so that you can view them all across all the different bookmakers.
They’ll also provide step by step guides to help you place your qualifying and free bets, as well as provide specific sports events to bet, and a calculator so that you can place both your back and lay bets on the different platforms.
Step 2: Make a Qualifying Bet
The first type of bet you’ll need to place is a first or qualifying bet and this is what earns you the free bet and you’ll need to sign up for accounts with both exchanges and the bookmakers.
For example, Coral might have an offer that says if you sign up and place a £5 bet, you’ll get a £20 in free bets. And with matched betting you won’t want to lose any money so you will place both a back and a lay bet for £5. And you’ll need to have accounts and funds deposited in your accounts.
If you use a match betting site, like ProfitAccumulator, you’ll be able to use the OddsMatching tool to help you to select which sports events to bet on, based on your offer.
Once you’ve selected your bookmaker and exchange, and you have funds deposited you can place your bets. Just make sure you closely follow the step by step guides and terms and conditions of the offers, as this is where you can often make mistakes.
First, you’ll want to place the back bet with the bookmaker and then place your lay bet with your exchange. And ensure that when you reach both sites that you check the back and the lay odds before you place the bets. Just in case there’s been any movement or they’re inaccurate.
You may find that you have lost a minimal amount for this bet, but please remember we do not plan to make a profit during this bet, as this will come with our free bet.
Step 3: Make a Free Bet
Once you have received your free bet from the bookies, you can go ahead and bet again using the same back and lay methods. However, this time you are not betting with your own money.
Using the Oddsmatching tool again, you can find the best-matched events for your bookmaker’s offer. Any events with higher odds, will come with higher liabilities (i.e. the amount that you will need to deposit into your exchange, on top of your stake). So it may be advisable to select odds closer to the minimum available for your offer.
Then place your bets. First over with the bookmakers and then over on the exchange. Closely checking the odds again to ensure they have not moved.
Some free bet offers will come in the form of 2 x £10 bets. If this is the case, you can place the same bet twice.
And this time you’ll find that you are now in profit!
Step 4: Repeat the Process
That´s all there is to it, you’ve used the matched betting technique, you can now rinse and repeat this process across all the different bookmaker sign-up offers.
At first, it may seem complicated, but you will become faster at placing your bets. Just take your time at the beginning and make sure you´re entering the correct data in the calculator and it’s that simple to make money.
Matched Betting Blog
Another way to keep track of the best ongoing bookmaker offers, is to follow matched betting blogs and on twitter. Profit Accumulator does have its own forum, where you can discuss strategies. Also, beware of online personalities on twitter offering betting tips, this is a quick way to lose all those risk-free matched betting profits.
Some of the blogs worth following are MSE matched betting forum, also check out Matched Betting Guy, and follow his journey. Since starting matched betting he has made a profit of nearly 200k since 2015.
Louise created the Every Bit Helps YouTube channel back in 2017, after finding the process of buying Bitcoin difficult. Therefore, in an aim to help others, she hopes that her tutorials will make the process of buying, selling and storing crypto a lot easier for newbies in the future.
After spending 20 years working in London in cyber security, she left the corporate life after having her second child in 2018. Louise now travels the world with her two small children trying to make the most out of life.