What is a matched bet? Well, it’s a low-risk way of making money from bookmaker offers. Whether it’s a sign-up offer or regular on-going offers, bookmakers offer a free bet or equivalent which can be layed to guarantee a profit.
As you know, there are hundreds of bookmakers trying to reel you in to use their platform. A key method bookies do this is by getting you to sign up with enticing free bets based on how much you deposit. The savvy punter can make sure to take advantage of these bonuses and lock in profits regardless of the outcomes.
It all depends on the type of free bet the bookmaker is offering, however one of the most common is ‘bet x amount and get x free’. It may be as generous a bet as deposit £100 get £100 free.
One of the many ways to profit from matched betting is by doing lay betting. The idea is to bet the initial £100 on any sporting event and it lay (the opposite of backing it) on a betting exchange with both the back and lay odds as close as possible, so you aim to break-even at this stage regardless of the outcome of the event.
Then when the free bet is awarded, you find a new event where the back and lay odds are close again, this time using the free bet to fund the back bet and lay against this outcome again on an exchange, which will guarantee a profit regardless of the outcome, usually of somewhere around 80% upwards of your initial stake (in this case £80).
Time and money are the biggest factors as matched betting is a form of investment. With enough dedication, you can make a lot of money in just a few weeks using sign up offers and reload bonuses. However, bonuses differ a lot depending on where you reside and which bookmakers you use, so there is no easy answer to how much you can make.
Bookmakers terms and conditions of offers should always be read so you’re fully aware of requirements (often for example you need to place a bet of odds over 1.2 to release the free bet etc.). Certain bookmakers will make you jump through hoops regarding ID, others will limit accounts when you make too much, but these are issues for any punter regardless of how they make their money from bookmakers.
One of the most time-consuming aspects of matched betting is sourcing the offers and then finding suitable events. Using MatchedBetting software with helpful guides is the easiest way to get up and running. Check out the MatchedBetting Beginner guide below to get started!
Matched Betting Guide for Beginners
Follow this matched betting tutorial to get your first payout!
1. Select a few bonuses
Download the MatchedBetting software and register. If you have a RebelBetting username, you can use that to log in. Click the button at the top called Bonuses. On this page we maintain a list of current bonuses available at the bookmakers.
You will also be notified inside MatchedBetting when new bonuses arrive!
Select a few bonuses that sound attractive. The easiest to start with is the Freebets. Look for high bonus amounts and multiply them with the payout percentage. (A 100% €100 bonus is more valuable than a 25% €200 bonus).
2. Register at the bookmakers
Always read the bonus terms very carefully. They might not apply to residents from your country or have other requirements rendering the bonus useless for you. Also, the registration process (and bonus application) can only be done once, so make sure you follow their instructions carefully.
3. Bonus turn around
Often a bonus requires that the money is rolled over a specified number of times before a withdrawal can be requested. This means you need to make a certain amount of bets before you are allowed to withdraw your bonus. Bookmakers do this to lower their risk of having to pay out bonuses because most players lose the money sooner or later.
However, as a MatchedBetting customer, you don’t have to worry about this, you will always cash your bonus! This is because you don’t gamble your money, you make an arbitrage trade between another bookmaker, ensuring you keep close to (and sometimes over) 100% of the bonus no matter the outcome of the match. Not familiar with arbitrage trading? You can effectively turn gambling into an investment by using sports arbitrage trading. The secret is to bet on all outcomes of a game, betting two different bookmakers. If the odds are sufficiently high, you will be guaranteed a profit no matter who wins the game. The Matched Betting software is based on the worlds leading sports arbitrage software, RebelBetting.
4. Bookmaker configuration
After you have registered on a few bookmakers, you need to enter the bonus details into the MatchedBetting options so we can correctly display your current bonus offers, and help with the calculations so you don’t have to think at all. (Just kidding. But at least you don’t have to do any calculations in your head).
Click on Options then Bookmakers. You will see a list of all bookmakers and you can select what bonuses you have active. Click on image to enlarge.
Here we show a Deposit bonus at Tipico with a required minimum odds of 2.0.
The first checkbox shows your enabled bookmakers, here you can select the bookmakers you have funded. The second checkbox means “Required”, here you can select the bookmakers which must be present in at least one outcome of the matched bet.
Then select your active bonus at the bookmaker you have a bonus on in the drop down, the different bonuses are:
Free bet stake not returned
Free bet stake returned
Deposit (or signup)
Deposit bonuses are pretty self-explanatory. For free bets, you will have to read the bonus terms to see if the stake is returned or not (usually it’s a stake not returned free bet). Read all about the different bonus types here.
Some bookmakers also require you to bet on a minimum odds (usually odds around 2.0), otherwise, the bet does not count towards the rollover requirements. This is just another trick bookmakers use to minimize their risk. This is no problem for you however, there are usually plenty of odds available anyway. Enter this number in the bookmaker options and lower odds will be automatically hidden in the list of available matched bets.
A bookmaker with a bonus selected will automatically be set as “Required”. This will ensure your list of matched bets will only contain at least one bookmaker where you actually have a bonus.
You can also click on Bookmaker Setup in the options screen. Set your active currency you use on each bookmaker (always try to have the same currency on all bookmakers though), and enter your username and password to use the AutoLogin and AutoSurf which speeds up betting a tremendously.
5. Your first matched bet
Now you’re all set and ready to place your first matched bet. The list should be showing the highest “retention rate” at the top. If not just press the column header called “Rate”. Retention rate means how much of the bonus you will retain when betting on these odds. Read more about retention rate and how to calculate your profits.
The calculator in the bottom left will tell you how much to bet on each side, and how much profit you will make from the bonus. For instance, if you have a €25 (stake not returned) free bet at WillHill, and enter the stake 25 for that bet, the Profit amount is what you will get back from your €25 bonus.
Now select a suitable matched bet, the highest possible on two bookmakers where you have deposited money. Click Bet, and the Betting Browser will open. The AutoLogin and AutoSurfwill take you to the correct page on many bookmakers, but note that this feature is not accessible on all bookmakers due to how their websites are built. Next step is to verify that the odds are indeed correct and haven’t changed. Also, verify participants and odds type before entering your suggested stake and confirming your bets. We suggest beginners bet small amounts in the beginning to get a feel for this. Also, if it is a free bet, don’t bet more than the free bet amount! Again, read the bookmakers’ bonus terms.
It’s also strongly advised you read our e-book which explains all this in much greater detail, explains the risks and how to overcome them, and gives you advanced betting tips that will help you earn more money. The e-book is aimed at RebelBetting, our sports arbitrage software, but most of the content is also relevant for MatchedBetting. Download the free e-book here.
You have now placed your first matched bet and have made your first of hopefully many future profits.
Good luck, and don’t hesitate to contact us if you have any questions. Also, make sure you join the exclusive RebelBetting Community. Get the latest updates, share ideas and discuss new features with us and your sports betting friends.