Matched Betting Tips
Matched betting is a popular system that people use to make guaranteed profits from betting site offers. In short, it involves you placing bets with a bookie and then laying them at a betting exchange.
Some matched bettors make as much as £1000 per month from the system, but if you are interested in giving it a go it’s important to follow a few golden rules. So here are some of our top matched betting tips:
- Do your research
The bad news is that matched betting is a complicated way of making money. Before you embark on it, you need to read as much as possible. The good news is that there’s plenty out there to help you. Check out sites such as Team Profit and Profit Accumulator to get a broad overview of how it works. When you do start matched betting, it’s highly recommended that you get an account with Oddsmonkey or Profit Accumulator - their calculators and matched betting tools will do the bulk of the hard work for you.
- Use your head not your heart
Probably sound advice for all bettors, but in matched betting it’s especially important. Quite simply, it doesn’t matter who is taking part in a match or event. Your preconceived idea about who might win doesn't matter a jot. Matched betting is all about selecting the bets that make you the most guaranteed profit regardless of the outcome.
- Double check everything
Placing a £10 bet might not sound like a huge financial outlay, but if a matched bettor is placing such a bet it means they will be laying the bet at an exchange. At the exchange you are liable for the potential payout should your bet win at the bookmakers. A £10 bet at odds of 20-1 will cost you £200 at the betting exchange if it wins. So making sure you place exactly the right bets for exactly the right amount is incredibly important. Always check double check and even triple check your bets.
- If it’s free, do it!
Many betting sites offer regular freebies for customers. If you’re lucky you might get the occasional free bet handed out, but more regularly there are free games you can win money from. Ladbrokes’ ‘1-2-Free’ and Coral’s ‘Correct 4’ are too popular examples. Make sure you complete all of these games. It doesn't cost a penny, it doesn't take much time and out might land a big win.
- Don’t panic
Finally, it probably seems a bit odd to place a bet that leaves you liable to owe over £150, but only stands you to win a few quid. What’s the point? Well, the point is that even if you do end up forking out the liability, you make up for it by winning at the bookies. Even so, it can still seem like an odd and panic-inducing thing to do. So the very best matched betting tip you can hear is - don’t panic!
There you have it, a few simple matched betting tips to help you get started on your journey. Matched betting can be a very enjoyable and profitable enterprise if you stick to the rules. Have fun!