Matched betting is a strategy punters use to turn free bets bookmakers offer into real cash. If you want to know more about this method, keep reading this article and ensure you understand it 100% before risking any money.
Matched betting is a low-risk type of gambling often done at sporting events. It's also known as "no-risk betting" or "bonus hunting." Matched bettors maximize their profits by covering every result of a match or event by using promotions and free bets. This method is one of the ways you can make money on sports betting.
The number of profit punters get from this method varies and depends on various factors. Some factors that affect your earnings include how many accounts you can create, how much time you have, and how much money you can place into your matched betting pot.
How Do Punters Profit from Matched Betting?
Punters make back bets and lay bets opposing the same outcome to guarantee a profit regardless of the results. They have every potential outcome covered with a payout that covers the cost for both stakes since they utilize free bets and promotions offered by bookmakers. Back bets are usually made in sports betting sites where you can utilize your bonuses. Lay bets are made in betting exchanges where you can find profitable odds against your back bet.
Punters can guarantee profits using the same back-and-lay technique after getting a free bet from a bookmaker. The first bet that qualifies punters to get a free bet is called a "qualifying" bet. Punters won't get anything from this; punters might even lose a few pennies.
This principle is because they place half of the bets using other people's money, but they get to pocket the profits. Regardless of the outcome of any sporting event on which punters have wagered, this can assist them in ensuring an easy profit while removing risks. If you learn about matched betting and master it, you'll discover how to continuously win the free bets that will become your primary source of income in the betting industry.
Realistic Matched Betting Earnings
So, how much money can you make from match betting? With matched betting, it's estimated that punters can generate £300 to €500+ a month on an ongoing basis. If you have a larger bankroll and some experience with this technique, you can generate around €800+ a month. However, your profit will partly depend on your bankroll and on how much time you put in. These are the determining factors in the number of offers, such as the sportsbook welcome bonus you can complete. You could make a lot more profit in some months than others, while it may be more challenging in other months. Moreover, your earnings depend on the offered value and the available quality.
For beginners, it's estimated that you can get an hourly rate of at least €10 profit, which is considered tax-free. Since this is tax-free, 20 - 40% of taxpayers will pay the equivalent of €13 - 17. On most days, you could potentially make €5 - €15 in 10-15 minutes or less. You will be able to complete this much more quickly once you have a better understanding of how to use each betting exchange and individual bookmaker. Once you get the hang of it, finding the offer you want to participate in and placing a few bets just takes a few minutes.
Matched Betting as a Career
There are ample daily opportunities to do matched betting full-time, particularly for novice punters. This would involve engaging in as many daily sports offers and casino promotions as possible. Then, you can follow it by using any gubbed accounts for arbitrage.
A lot of people do make a living from matched betting. Some do so partly because they enjoy matched betting more than other means of making money, while some do because of the tax-free benefit. If you regularly take up reload bonus offers and make good wagers, matched betting profits can be enough to support you for a month. Using bonuses for your back bet is known as a no-risk matched betting since any outcome always results in a profit.
Although this technique can be hit-and-miss, it may still help you generate some revenue and sometimes get the chance to win huge prizes - which someone has to win. For now, you can start collecting the smaller wins, which will add up to £10-£20 weekly.
What Ends a Matched Betting Career?
Fortunately, matched betting or betting on all outcomes is legal. You do not have to worry about getting in trouble with the law. However, you should be worried about bookies for match betting.
You'll understand how frustrating it feels if you know what gubbing is. Gubbing is the act of getting your account restricted by a bookmaker. Getting gubbed is when matched betting goes wrong for anyone. The bookmaker will inform you via email that you were gubbed. They won't use this phrase in their email, but you will still pass across a similar message.
If this happens, some punters will be prohibited from participating in promotions. Because of this, it prevents you from using that bookmaker for matched betting because matched betting depends on these promotional deals. However, other punters will have their maximum stake capped by bookmakers, making it impossible for them to wager more than £5, for example. In a worst-case scenario, bookies will close your account if they continue to see you as a liability.
Learn more about why online casinos block player accounts, and whether bookies actually close accounts that win a lot.
Making Matched Betting Profits with Gubbed Accounts
There are many ways to still profit from matched betting with gubbed accounts. Here are three ways to do it.
Make BOG bets
Best odds guaranteed, also known as BOG, is a term used when the bookmaker will pay you out for the highest odds a horse had in the race, even if you wagered on lower odds. For instance, you have wagered on a horse at 5.0 odds, and the horse started badly and increased to odds of 10. If this happens, the bookie will pay you at odds of 10. This way, you could still be eligible for BOGs when betting with gubbed accounts at some bookmakers. BOGs won't bring in significant earnings, but they will bring in some cash nonetheless.
Find Extra Place Markets
Finding different place markets is the secret to matching betting using gubbed accounts. Despite this being a promotion, you'll still be able to do more extra place markets even if your account is gubbed.
Take Arbitrages Wagers
Arbitrage works similarly to price hikes, where you earn higher than the lay odds from the back odds. But arbs are not a promotion; instead, they result from bookmakers' taking a while to adjust the odds.
Placing an occasional arb is acceptable because even genuine punters mess up occasionally. Bookmakers will recognize you as a matched bettor and immediately terminate your account if you specifically target arbs. Other accounts are so useless that arbitraging is the only way to benefit from them.
Matched betting may seem complicated at first. But as soon as you get the hang of it and eventually master the art of matched betting, you'll be able to choose your deal and place your free bets in no time.
This article was published on September 7, 2022, and last updated on August 30, 2022.