There are numerous ways to make the biggest profits in football betting. No bettors have won consistently without any betting plans and strategies. One of the best strategies in betting is called matched betting.
Matched betting is a betting strategy that can make guaranteed profits by taking advantage of bookmakers' free bets and promotions.
It's a betting technique used by thousands of individuals worldwide to make money online and we've heard stories that bettors have 10x to even 100x their money in just a few months by using this technique.
Different Number of Bonuses from Bookmakers
This strategy works effectively as bookmakers offer numerous incentives for both new and existing customers. Of course, different bookmakers offer a different number of bonuses. But it's these free bets that let bettors make guaranteed profits.
There are so many promotions on different betting sites, so picking the right and most profitable promotions can be challenging. Therefore, bettors usually split bookmakers free bets into two categories:
Sign Up Offers
You've probably guessed it already, sign-up offers give bonuses to new customers who just registered a new account with a bookmaker. Online bookies usually offer to sign up promotions, which means that there's potential for a lot of profit with matched betting. It's a good place to start with matched betting, especially for beginners. Most people make at least $600 during their first month just by using sign-up bonuses.
Reload Offers
Most betting sites also provide promotions to their existing customers in the form of reload offers. These promotions are usually similar to the ones you get during the first sign-up. Reload offers are where the long-term profit is made.
How Does Matched Betting Work?
Now that you know where to find these extra promotions and bonuses let's get into how matched betting works. Below are the 6 simple detailed steps in how it works.
1. Find a Free Bet
The first thing to do is look for a free bet or offer that you can take advantage of. There are many ways to do this. You can either manually look for the free bets by visiting every bookmaker or using automated tools such as OddsMonkey. Most online betting sites usually put their sign-up offers on the homepage, making your job much easier. If you're searching for reload offers, you can generally find them on the promotions tab on their website.
2. Place A Qualifying Bet
The second step is to place a qualifying bet so your free bet or bonus can be activated. Keep in mind that you usually can't just claim these free bets, as these bookies want something in return which usually means depositing and placing a bet or two.
With this bet, you can effectively trigger or unlock free bets within your account. There are numerous ways to do this, including searching for suitable matches manually or heading to OddsMonkey if you feel like you don't have time to look for them manually.
3. Put on The Opposite Bet
This step is essential for matched betting as it completely removes the risk of step 2 (qualifying bet). This step requires you to place an opposite bet at a betting exchange to cancel your initial bets. This process is also known as back and lay betting.
What is Back and Lay Betting? This is one of the main concepts of matched betting, which allows us to make risk-free bets. Every matched bet you place contains two bets:
- Bet 1: A back bet
- Bet 2: A lay bet
These are the best you must place at different betting companies on opposite outcomes. Let's look at the differences between these two bets.
Back bets are the most common betting type. For example, this consists of you backing an outcome and stating that Barcelona will win. On the other hand, Lay bets work precisely the opposite of back bets. You must bet against the result and say that Barca will NOT win the game. Note that lay betting is only available in betting exchanges.
You might be wondering about our statement earlier on these methods being "risk-free." Is that really possible in sports betting? Well, the equation adds up to that no matter the results of your bets, you're guaranteed to make some profit. Let's take the example of placing a bet in bet 1 (back bet) on Barca beating Arsenal at a betting site. So, no matter the outcome, one will win and the other will lose. Therefore, this leaves you where you started, but it allows you to make a guaranteed profit when using these free bets from a bookmaker (Note that this is not the same if you bet on Arsenal to beat Barca).
Betting Exchanges - It is vital to know betting exchanges, as it is a part of matched betting. As mentioned above, bettors place a bet on traditional bookmakers such as Ladbrokes and the other at a betting exchange.
A betting exchange is simply an online betting platform that matches bettors together. Betting exchanges don't work and take bets the same way traditional bookmakers do, as they simply charge commissions on player net winnings.
Bettors take advantage of back bets to back specific outcomes and lay those bets off by betting against the result. Now that we've explained how matched betting works, let us look at its benefits for you.
4. Use The Free Bet
Now the real fun begins by using your free bet.
Firstly, you need to double-check that the free bet is indeed given to your account and contact the bookmaker's support if you have not received them yet. Once the free bet is unlocked and activated, all you need to do is repeat the process above and make a guaranteed profit.
Don't forget to find other markets to place your bet. You can try using OddsMonkey software for a fast way to look for the best market.
5. Place Another Lay Bet
Next, place another lay bet at the betting exchange. You can use the matched betting calculator and calculate the correct stakes.
6. Enjoy The Guaranteed Profit
Congratulations! You have made your first offer.
You can rinse and repeat all the steps above and you'll soon have a reliable second income online. Indeed, this is only the basics of this football betting strategy and there's a bit more to it, but at least you'll have the general idea of the matched betting technique and that risk-free betting actually works.
Matched Betting - The Pros and Cons
Matched betting is a strategy in football betting that has the potential to give you a good amount of income per month. However, matched betting has its pros and cons. The upside of matched betting is that it is risk-free and your money will always be safe and secure. Also, you don’t need to spend much time as you can make hundreds of dollars per month by only putting in a week of effort. Matched betting offers flexibility and every money you’ll make is tax-free.
On the downside, matched betting takes time to understand as people are confused with the risk-free concept. Besides that, once you consistently take advantage of sportsbook offers, they’ll start putting restrictions on your account. Due to the growing popularity of matched betting, the offers are also declining. We recommend using matched betting when you have a few hours to spare in a week and you’ll have enough time to do proper research to make money.
A Free Bet into Real Cash with Matched Betting
Matched betting is a great strategy to boost your profits. However, like other kinds of betting, you need to avoid some things to minimize your risk of losing more money. We'll list the things you should follow in matched betting, which applies to beginner and professional bettors.
The first thing is to learn the basics and use the proper technique to grow your earnings. This usually takes time. It's essential to do your research and understand what matched betting is and how it works. You can bet on this technique, starting with $25. Also, be consistent and record your progress. This can help you track down what went wrong when making losses. We also recommend using multiple betting exchanges as other betting sites may offer better odds.
Matched Betting vs Arbing - Which One is Better?
Arbing and matched betting are excellent strategies for bettors to maximize their earnings. However, most bettors usually choose one over the other as both these strategies are based on similar chances where the bookie provides something that bettors can take advantage of and turn into profits.
There are many reasons why you should choose a matched betting technique. This includes its flexibility as you don’t need to stare at your screen the whole day and it lets you earn profit in a relatively short time. However, arbitrage can be more profitable as long as you stake more money from the start. Your priorities depend entirely on how much you want to make with both strategies. Do you want to bet full time or just as a side hustle? Or perhaps just a bonus source of income?
