Matched Betting Beginners Guide 2023 Step-By-Step Tutorial

We will also provide a comprehensive matched betting guide and a range of tips and tricks to help you get started in the esports world. Then having made a negligible loss on the qualifying bet, start the process over. This time, whatever happens you can’t lose, and should be able to make a nice wedge of cash. Depending on which of your Back and Lay bets was successful you’ll now have some funds either with the bookmaker or the betting exchange. Added together they should come to just a little less than the amount staked in the bets.

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. All free bets come with some requirements or stipulations. Some requirements may mean the free bets are not viable as part of a matched betting strategy.

Don’t worry; your winnings at Betfred will cover this but for a few pence. I’m going to walk you through a new customer offer from Betfred. You can make a £37 profit from it no matter the outcome, so it’s a great one to start with.

You just need to follow the process and place the correct bets. It looks like it is here to stay, as the betting industry is increasingly competitive and bookies always want to attract new customers, so need to offer something in return. The products tend to include detailed instructions for how to carry out the matched bets, with training videos provided to help you get up to speed. This is where you turn that small loss on part one of the “matched bet” into a very nice profit in part two.

For every free bet you get, you can normally make a profit of around 80% – so a £50 free bet will net you around £40 cash – which you can withdraw directly to your bank account. The odds for Albania are pretty high, and the back odds of 8.00 and lay odds of 9.20 are nice and close. When writing, I’ve found the following odds for a Euro 2024 football match between Croatia and Albania. Let’s look at your overall profit/loss for the potential outcomes.

These sites have fashioned a reputable brand that provides security for betting engagements. Selecting safe and dependable bookmakers and exchanges matters when you enter matched betting. Choosing reliable bookmakers matters since they provide exciting offers and great customer assistance.

The important thing is that you must be able to place bets on the same match. Instead, you will only receive the profit you would have made on a typical wager. As you can see, we’ll lose £0.10 regardless of whether Tottenham wins, loses, or draws. In our case, the LAY stake is also £5, but this is simply a coincidence made up of odds, stake, and Matchbook commission.

Players leverage offers provided by bookmakers to make a guaranteed return. However, the same process can be applied in situations where the Bookie offersbetter odds than the betting exchanges, to earn a risk free profit. The trick with this is to find a single market whose odds are high for both your qualifying bet and the wager you lay on an exchange. If you find a good pick, you’ll be able to do this with negligible losses or no losses at all. If you’re forced to take lose a few pennies to make it work, that’s fine. The stake for this lay bet depends on your qualifying bet.

What Do You Need For Matched Betting?

• However, there’s no guarantee that any of your bets will win and you may come away with nothing.
• You may be excited to try out different strategies with your bets, but the bookies don’t like it because it costs them money.
• We’ve already taught over 150,000 in the UK how to do it, making us the #1 Matched Betting service.
• I have suggested seeking popular sports events in order to avoid running into low liquidity problems on the Betting Exchange.

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. You can then put the profit you’ve made towards your next matched bet, and so on. It won’t be long until you have enough matched betting profits to form your float, meaning that you don’t have to stake any of your regular income. While we did build the first odds matching tool, we didn’t create matched betting itself.

Usually for matched betting you’d want the odds to be low when meeting a rollover or qualifying bet. Maybe I will try the trial on Profitaculumator and see if it gets clearer with the videos and giving it a go though I am worried I will lose money. I don’t have much to start off with and knowing I have to have enough to cover the liability is worrying. But I will look for low liability ones I guess and use the tools to try and get the best matches. Everyone keeps saying the more you can have in the pot the more profit you can make. I am new to matched betting and this is the most information I have found in one place!

Select bet type

You might be mistaken for a professional bettor (or addict) if you bet at unusual hours. They shouldn’t be allowed to share information between one another. However, with so much consolidation between betting companies in the UK I would suggest mixing it up to protect yourself. “Liquidity” refers to the amount of available money on the Exchange (e.g. Betfair) to place your Lay bet. But because this is the Free bet, you now want to look for High odds.

How much can you make from matched betting?

If you feel you need to go in-depth on qualifying bets, take a look at my Qualifying Bets Guide. To work out your returns with decimal odds, you simply multiply your stake by the odds. Note that £35 includes your initial £10 stake, making a £25 profit. You can learn more about decimal odds in my ‘Betting Odds Explained‘ guide.

Finding offers that resonate with your risk alignment and profitability is necessary. Being aware of community conversations helps you spot the top offers. Don’t settle for just one type of offer; mix things up and manage risk and reward efficiently. Planning and coordinating strategies for different bookmakers help you work effectively.

The advantages of matched betting are that it can make you lots of money without any risk. It can be used by people who are not “gamblers” as such but just want to make an additional income. One must stick to the conditions of each promotion given by the bookmaker. Since potential profits fluctuate with the time dedicated, skilled matched bettors can collect substantial income, converting casual betting into a regular extra income source. Besides having matched betting explained, game time we will explore how matched betting works, and why it is so prevalent in esports.

If you want more tips, or you’ve got other questions, such as ‘what is no-risk matched betting’, then try checking out betting communities online. For instance, for deeper information on matched betting, Reddit has communities that are dedicated to the concept. For example, let’s say you’re looking to bet on Apex Legends, specifically for ‘Team NRG’ to win a tournament. You would then place a corresponding bet on ‘Team TSM’  to win the same tournament on a betting exchange. This means that no matter which team wins the tournament, you will make a profit. If you’re a new bettor, you may have come across many terms that ultimately mean very little to you.

The two bets will cancel each other out, but you’ll meet the terms of the £20 free bet without risking anything. Some bookmakers will only offer you a bonus if you place an initial bet – this is your qualifying bet. Thus, matched betting still works in 2025, and it’s unlikely to disappear any time soon.

Failing to see the odds accurately can produce major financial discrepancies that affect earnings. Acting quickly on limited-time promotions available from bookmakers can improve your odds of making money through bets. If you use the correct approach in free bet management, you can gain profits safely and develop a consistent income stream. Log each trade and yield to facilitate a clear understanding of your matched betting strategies and reduce your effort.