THE COMPLETE GUIDE
WHAT IS MATCHED BETTING AND HOW TO MATCHED BET
WHAT IS MATCHED BETTING?
Matched Betting is a system which extracts profit by using bookmaker offers and incentives such as free bets, boosted odds or free spins. Matched betting can be risk free and can guarantee a profit with every bet or offer you partake in. Now im sure you’ve all seen the adverts and online ads that say for example – “bet £5 get £20 free”, and to most of you this may just seem like a marketing ploy or a scam, But as matched bettors we are able to guarantee a profit of every single one of these offers. From the example above we would be able to extract around £16 profit for that offer alone.
WHO IS MATCHED BETTING FOR?
Matched betting is for the rich and the poor and anyone inbetween. Providing your over 18+ and are a UK resident you can matched bet. In 2019 we are seeing a rise on the forums of people abroad partaking in other countries such as australia and the netherlands. If its a bit of pocket money you need, a mortgage that you’d like to pay monthly, just some extra cash and in some cases like myself a full time income (I wouldnt advise this for those of you that are new to this) then matched betting is for you.
HOW DOES MATCHED BETTING WORK?
SIGN UP TO A BOOKMAKER
Sign up to a Bookmaker who has an offer such as bet '£5 get £20 in free bets'.
PLACE A BACK BET
Deposit £5 and place a back bet with the bookmaker on Team A after finding a close odds match using the oddsmatcher of the bookie and exchange.
PLACE YOUR LAY BET
Lay your £5 back bet on Team A at an exchange such as betfair using NORMAL on the matched betting calculator with oddsmonkey ensuring what ever the outcome you will win one of the bets
RECIEVE THE FREE BET AND REPEAST THE PROCESS
Once your bets have settled no matter the outcome, the bookmaker will give you the £20 free bets. We then Back the free bet and Lay the free bet again however this time using SNR on the matched betting calculator.
WITHDRAW YOUR MONEY
Once all bets have settled your profit from the free bets using SNR should be around £16 and will be in the bookmaker if your bet won or the exchange if your bet 'lost' at the bookmaker. You can then withdraw any profit you have made
IF ITS SO GOOD WHY ISNT EVERYONE DOING IT?
Why doesn’t every one matched bet if its so profitable and easy? Well there is many answers to this question and ill list just a few of them.
ITS TOO GOOD TO BE TRUE!
Most people think its to good to be true, before you learn about matched betting we are led to believe that by gambling eventually you will lose everything. Now this has some truth to it as book makers create the odds to have the edge in there favour, HOWEVER as matched bettors we create our own edge by taking advantage of their value they offer.
ITS WAY TOO HARD AND TOO MUCH EFFORT!
Well at first it may seem daunting as its new to you when you first find out about it. But isn’t everything? Everything you know nothing about is somewhat difficult at first. Now the guides offered by oddsmonkey break down matched betting and make it as simple as possible and you will be able to make your first profit within hours. The more you read and take action the easier it becomes. Just check the base guide above.
HOW MUCH MONEY CAN I EARN?
The profits from matched betting could be endless as there is so many avenues we could go down. A thread on the oddsmonkey forum gets updated every month where members can post their profits for the month. Many post their own spreadsheets and profits can range anywhere from £100 all the way up to £10,000. Yes i said £10,000. Below are some examples from the thread.
These are real users from the oddsmonkey monthly profits thread. Check it our for yourself!
IS THERE ANY RISK?
The basics of matched betting holds absolutely no risk providing you do it properly and you follow the guides. As you delve deeper into the offers, some will have a small risk. For example recieve a free bet if your Horse finishes second. But the most you will be risking would be your qaulifying loss using the calculator which most of the time will only be around 50pence.
HOW MUCH DO I NEED TO KNOW ABOUT SPORTS AND BETTING?
One of the fantastic things about matched betting is you need to know absolutely nothing about sports and betting. Following the guides all you need to know is basic knowledge of the internet and how to use the calculators.
IS MATCHED BETTING LEGAL?
This question comes up a lot for newbies and the simple answer is YES. Matched betting is 100% legal. You are just utilising tools to extract profit from offers that bookmakers hand out.
WHAT IF I ALREADY HAVE SOME BOOKMAKER ACCOUNTS?
One of the most valuable ways to make consistent profit each month is from bookmaker reload offers. A reload is an offer bookmaker gives out via email or on their promotions page to keep people betting. These come about every day and will keep the profit flowing in.
HOW LONG CAN I MATCHED BET FOR?
The only time matched betting will end is if gambling became illegal in the UK. Bookmakers need new customers and they need their current customers to keep betting with them in order to turn a profit, this leading to reload offers which they are constantly giving out each day!