If you’ve ever dreamt of making money online while watching your favourite sports or events, then matched betting is a game-changer you’ve been waiting for. In this article, I’m going to share my expert insights with these matched betting tips – a strategy that has allowed me to consistently earn profits without taking unnecessary risks. So, grab a cup of coffee and let’s dive into the world of matched betting!

What is Matched Betting?

Before we delve into the tips, let’s clarify what matched betting is. It’s a perfectly legal and risk-free technique that takes advantage of free bets and bonuses offered by bookmakers. By placing two opposite bets on a particular event, you can ensure you make a profit regardless of the outcome. It’s a bit like playing the system, but it’s entirely legitimate. Use these 16 match betting tips to make more money in a safer way.

1. Research and Learn

Start by understanding the basics. Read guides and watch tutorials to grasp the concept thoroughly. Websites like OddsMonkey offer fantastic resources for beginners.

2. Start using oddsmonkey

Now when you first start out use one of the premium sites, not only will it help make more money it will keep your accounts safer and above all it offer a community of like minded people at your finger tips who are making money just like you! We recommend oddsmonkey it really is your one shop stop for everything match betting.

3. Build a Bankroll

Allocate a sum of money dedicated to matched betting. This will be your bankroll, and it’s crucial to keep it separate from your everyday expenses, so you can start with as little as £200 to get started on a few bookies. But when your value betting or any of the other methods we teach you may need more available to you.

4. Get a match betting email address and bank account

So first thing is to get a separate email address for match betting and a bank account. You need the email to simply make sure you DONT miss out on any of the special offer the bookmakers will send just for you. Lots of offers no one else will see just you so its vital to have an address just for this.

With the bank account this is just match betting this makes it easier to track profits and money. The last thing you want is your bank statement full of all these different payments going in and out. You can use any bank but keeping it separate will be a god send!

This is one of the biggest match betting tips to make your life easier and make more money match betting.

5. Choose the Right Bookmakers

Not all bookmakers are match-betting friendly. Select bookies that regularly offer free bets and promotions, as this is where you’ll be making your money.

6. Use multiple exchanges and smarkets 0%

Using many different exchanges will allow you to get better prices and make more money as you can choose more matches as many exchanges are slightly different. We suggest Smarkets as they do 0% commission right now and also Betfair there charges are 2-5% the 5% model will mean they send offers to you but if your doing a lot of bets each month the 5% will hurt you but its up to you so using smarkets is one of the best matched betting tips.

7. Back and Lay Bets

Understanding the terms “back” and “lay” bets is fundamental. The back bet is betting for an outcome to happen, while the lay bet is betting against it. Betting exchanges like Betfair are ideal for placing lay bets.

8. Matched Betting Calculator

Utilize a matched betting calculator to determine the exact amounts to stake for your back and lay bets. This tool minimizes the risk and ensures your profits are locked in.

9. Finding the Right Match

Choose events with close odds between the bookmaker and exchange. This minimizes your potential loss and maximizes your gain.

Risk Mitigation

10. Mug Betting

To avoid bookmaker restrictions, place occasional “mug bets” – bets that don’t qualify for promotions but make you look like a regular punter.

11. Keep Records

Maintain a detailed spreadsheet of your bets, wins, and losses. It helps in tracking your progress and spotting any mistakes, we also use oddsmonkey as its comes with a one button track feature where every bet is tracked at the click of a button.

12. Diversify your match betting

This is one of the more important matched betting tips. Many people simply stick to one type of offer with a specific bookmaker. Take William hill they do an epic odds offer every week it is amazing! However just doing this the bookmaker will soon see this.

They will then either restrict your account or gub you. To counter this do over match betting techniques the more you do the safer your account will remain.

Advanced matched betting tips

13. Reload Offers

After you’ve exhausted the initial sign-up offers, explore reload offers, which are promotions for existing customers, there are many of these everyday more at the weekend or before big games. When there are big tournaments there are even more.

14. Dutching

Dutching involves placing bets on multiple outcomes of the same event, distributing your risk for more consistent profits.

Staying Safe and Legal

15. Responsible Gambling

Always gamble responsibly. Matched betting is not a get-rich-quick scheme, and it’s important to recognize the difference between investing and gambling.

16. Use Casinos

Now before you scream at me i do this very little why? It keeps your account safe the bookmaker will see you more as a gambler rather than a match better. Even a few pounds here or there a month helps.

Conclusion

In summary, matched betting is a fantastic way to earn a consistent income online with minimal risk. By following these tips and strategies, you can enhance your success in the world of matched betting. Remember to always stay informed, practice responsible gambling, and keep detailed records of your bets.

Match betting tips FAQs

1. Is matched betting legal?
Yes, matched betting is completely legal. It is a legitimate strategy that takes advantage of bookmaker promotions.

2. How much money can I make with matched betting?
Your earnings depend on the time and effort you invest. Some experienced matched bettors make a substantial income, while others use it as a supplementary source of funds.

3. Do I need a large bankroll to start matched betting?
No, you can start with a relatively small bankroll. Just ensure that it’s separate from your everyday expenses and use it wisely.

4. Is matched betting risk-free?
When done correctly, matched betting is nearly risk-free. However, mistakes can lead to losses, so it’s essential to be meticulous in your approach.

5. How do I handle taxes on matched betting profits?
Tax laws vary by country, so it’s advisable to consult with a tax professional to understand your obligations regarding matched betting earnings in your specific jurisdiction.

Now that you’re armed with these matched betting tips and insights, it’s time to get started on your journey to consistent profits. Happy betting!