Matched Betting Strategy Full Explanation Guide For Beginners

A popular offer will be along the lines of “bet £10, get £10 in free bets”. Specialized platforms simplify tasks like odds comparison and profit calculation, gullybet saving you time and effort. If you’re rolling your eyes thinking we said there was no risk – don’t worry.

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You’ll need to deposit enough funds into your Smarkets account to cover your £12.52 liability. Don’t worry; your winnings at Betfred will cover this but for a few pence. If you place a £10 bet on heads and a £10 bet on tails, you won’t win any money, but you won’t lose any either.

Matched Betting, Hedge Betting and Arbing

Execution errors (stake sizing, wrong selection, price moves, or low liquidity) can cause losses. All of the money that you make from matched betting is 100% tax-free and, with the right tools and resources at your disposal, the process is quick and easy. This, combined with the high profits on offer, means that you can make a relatively high hourly rate. Matched betting is still one of the best ways to make money online from home. For as long as bookmakers offer free bet deals, back and lay betting can continue to deliver profits.

However, matched betting is sustainable and profitable for the long-term. Once you’ve opened all of your bookie accounts, you can make around £500–£700 a month by taking advantage of offers for existing customers. That’ll take around 40 minutes per day, so equates to around £25–35 per hour. However, members in our forum regularly report making £900+ per month, so it is possible to make a living from matched betting. While we did build the first odds matching tool, we didn’t create matched betting itself. People used to have to search for odds and betting opportunities manually, which was tricky, time-consuming and pretty tedious.

You will almost always be on the lay side when using a betting exchange to matched bet. Still, you might occasionally play the role of a back user, so it’s important to understand both sides. For example, you can bet that the home team will win a football match at a bookmaker. A betting exchange lets you bet that the home team won’t win, covering a draw or away win in a single bet. Doing this means you only need to place two bets to cover all possible outcomes. In this guide, I’ll briefly explain what matched betting is and how it works and walk you through making a £37 profit from Betfred’s new customer offer, step by step.

When you place a back bet in an event where you anticipate it will occur, it is called backing an outcome you think will occur. Most bettors recognise this kind of wager as a familiar concept that conventional bookmakers provide. If you support a football team to win, you earn a profit when they succeed. When starting with a matched betting strategy, it is a good idea to stick to one or two bookmaker offers, especially as some provide multiple free bets when you open accounts.

1) You need to use another bookmaker where to place your opposite bet to cover your qualifying of free bets. Preferably to have account at at least one betting exchange and / or sharp bookmaker. Also having an account with a betting broker will be a HUGE advantage.

Learn how to use sportsbook promotions on horse racing to secure consistent profits and boost your betting returns. Gaining from free bets and bonuses lies at the heart of matched betting and changes bookmakers offer into avenues for guilt-free profits. Bookmakers attract new users through compelling incentives to join betting. Matched betting occurs with betting exchanges that help users counter traditional back bets by enabling a platform for this form of wagering.

• This technique reduces the unpredictability of typical wagering by emphasising reliable statistics over luck.
• They usually do this for professional punters who win too often, or for arbers and any other punters who take advantage of the system.
• Coral is a very well-established UK bookmaker and a great place to start Matched Betting.
• Bettors will present and back new bets, and other bettors in the exchange will choose to lay them.

‘ overview answers some common questions about matched betting if you’re entirely new to the idea. I’ll emphasise now that matched betting is not about taking risks or punts. It’s about using simple maths (no manual calculations needed!) to make a consistent profit from each offer you claim. Using our matched betting calculator, you see that your need to wager £9.76 in order to match your first bet.