Are There Alternatives To Matched Betting? An Interview With An Expert

ProfitHawk is supported by its audience. When you buy through links on our site, we may earn an affiliate commission. Learn more

Matched betting is a great way to make guaranteed profits from your sports bets, but what if you don't want to do it? Are there any alternatives? In this interview, we speak to an expert who provides great tips on making money from sports betting by using different strategies including matched betting. So read on to find out how you can profit from your favorite sport without breaking the bank!

What is Matched Betting?

Matched betting is a technique which allows you to profit from free bets and other promotions offered by bookmakers. It is a legal and simple way to make money from the comfort of your home and requires no prior knowledge or experience of sports betting.

Interview with two women

With matched betting, you can make guaranteed profits regardless of the outcome of the event that you are betting on. This is because you place both a 'back' bet with the bookmaker (betting that an event will happen) and a 'lay' bet on the same event happening (betting that it won't happen) using a betting exchange.

By doing this, you cancel out the risk involved in gambling, meaning that you can make a guaranteed profit from the free bet or other promotion. If you're looking for making money online, a matched bet is the best way to place risk-free bets and make money online without losing money from your bank accounts.

 

How Does Matched Betting Work?

Matched betting works by taking advantage of the free bets and other promotions that bookmakers offer to new customers. You can do this by placing a 'back' bet with the bookmaker (betting that an event will happen) and a 'lay' bet on the same event happening (betting that it won't happen) using a betting exchange.

Horse racing

By doing this, you cancel out the risk involved in gambling, meaning that you can make a guaranteed profit from the free bet or other promotion.

 

Matched betting offers

You can check out the selection below if you're looking to take advantage of some great matched betting offers. These offers are for 18+ customers only, so please consult the terms and conditions before participating.

Ladbrokes new customer offer

Free Bet 1: £20 from Ladbrokes

To take advantage of this offer, sign up with Ladbrokes and bet £5 on any sports market. Once your bet has been settled, Ladbrokes will credit your account with £20 in free bets.

Paddy Power new customer offer

Free Bet 2: £40 from Paddy Power

Paddy Power offers all new customers a £40 free bet when they place a qualifying bet of just £10. To qualify, open an account with Paddy Power and place a £10 bet on any sports market. Your free bet will be credited to your account once your qualifying bet has been settled.

Coral new customer offer

Free Bet 3: £25 from Coral

Coral offers all new customers a £25 free bet when they place a qualifying bet of just £5. To qualify, open an account with Coral and place a £5 bet on any sports market. Your free bet will be credited to your account once your qualifying bet has been settled.

So what are you waiting for? Take advantage of these great offers and many more today and start matched betting!

 

Free bets

Free bets are a great way to make money from sports betting, but how much can you make from matched betting?

We'll examine what matched betting is and how it can help you earn extra cash. We'll also dispel some myths about matched betting and show you just how much money you can realistically make from this popular form of gambling.

Credit card

So, what is matched betting? Matched betting is a technique that allows you to profit from the free bets and other promotions that bookmakers offer. By placing bets on all possible outcomes of an event, you can guarantee yourself a profit no matter what the result is.

Matched betting is perfectly legal and is not considered gambling, as you are not placing bets on the outcome of an event. Instead, you are taking advantage of bookmakers' promotions to earn a profit.

Many matched betting sites and forums can show you how to take advantage of bookmakers' offers and give tips on finding the best deals.

So, how much money can you make from matched betting?

It depends on how much time and effort you are willing to put in. Some people make a full-time living from matched betting, while others use it to supplement their income.

Football

The amount of money you can make also depends on the offers available from bookmakers at any given time. Some offers will be more profitable than others, so it's important to keep up to date with the latest deals.

Generally speaking, you can expect to make several hundred pounds a month from matched betting if you are starting. With more experience, you can easily earn a few thousand pounds a month.

Matched betting is a great way to earn some extra cash, and it's something that anyone can do. So, why not give it a try today?

 

Sports betting

Sports betting has been around for centuries and has become increasingly popular recently, especially with the advent of online betting. While there are many ways to bet on sports, matched betting is among the most popular and profitable.

Two people laughing

Matched betting is a technique that allows you to profit from the free bets and bonuses offered by bookmakers. It involves placing two bets: one bet that you will win (a back bet) and one that you will lose (a lay bet). By doing this, you can guarantee a profit regardless of the event's outcome.

No risk-matched betting was possible in the USA in 2021, but it is not as common as in other countries. This is because bookmakers in the USA are not as generous with their bonuses and promotions as bookmakers in other countries. However, there are still some opportunities for matched betting in the USA if you know where to look.

Is There Another Way To Make Money From Sports Betting?

Value betting is another option if you're looking for an alternative to matched betting. Value betting is a technique that involves finding bets where the odds are in your favor and placing a bet accordingly.

Cash out of a ATM

For example, if a bookmaker offers 2.00 (1/1) odds on a football match, but you believe the true odds are 1.80 (4/5), then you have found a value bet.

Value betting is more difficult than matched betting because it requires a good understanding of odds and probability. However, it can be more profitable in the long run if done correctly.

 

Surebets / Arbitrage betting / Sports arbitrage

Sure betting is a type of investment. The aim is to profit from the difference in odds between different bookmakers. Some websites calculate these differences for you. You can also use a software program like RebelBetting.

100%

There are three types of sure bets:

1) Matched betting.

2) Middle betting.

3) Dutching.

Matched betting is the most common type of sure bet. It involves placing two bets on different outcomes of the same event. One bet is placed with a bookmaker and the other with a betting exchange.

The bettor then uses the free bet or bonus offered by the bookmaker to cover the loss on the other bet. This type of sure bet is risk-free as the bettor is guaranteed to make a profit.

Middle betting is a little riskier than matched betting. It involves placing three bets on different outcomes of the same event. The bettor covers the loss on one bet with a win on another. The third bet is placed so that the bettor breaks even if the first two bets lose.

Dutching is similar to middle betting but involves more than three bets. The aim is to spread the risk by placing multiple bets on different outcomes of the same event. Professional gamblers often use this type of sure bet.

Sure betting can be profitable, but it does require a good knowledge of odds and bookmakers. It is also important to have a large enough bankroll to cover losses. Sure betting is not for everyone, but it can be a good way to make money from sports betting.

How does it work?

To understand how sure bets work, we need to look at how bookmakers set their odds. Bookmakers will set their odds based on several factors, including the likelihood of an event happening (as judged by them), how much money has been placed on that event already and what odds they think will attract more customers to bet with them.

Dice

Because different bookmakers have different opinions on these factors, it is possible to find cases where the odds for an event at one bookmaker are higher than the odds for the same event at another bookmaker. And this is where sure bets come in.

A sure bet is a bet that will always result in a profit, no matter what the outcome of the event is. This is because you are betting on the event at both bookmakers, so you are guaranteed to profit from the difference in the odds.

For example, let's say that you bet £10 on an event at odds of 2.0 with one bookmaker and £10 on the same event at odds of 1.8 with another bookmaker. The total amount you have bet is £20.

If the event happens, you will win £10 from the first bookmaker (because your stake is returned plus your winnings at odds of 2.0) and lose £9 from the second bookmaker (because your stake is returned minus your winnings at 1.8). So your total profit from the bet will be £1.

If the event doesn't happen, then you will lose £10 from the first bookmaker and win £9 from the second bookmaker. So your total profit from the bet will still be £1.

As you can see, no matter what happens, you are guaranteed to make a profit of £1 from this sure bet.

Sure, bets are often found by comparing the odds at different bookmakers. Still, they can also be found using specialised software that automatically finds and tracks the odds at different bookmakers.

This can make it much easier to find sure bets, as you don't have to do all the comparisons yourself.

However, it is important to remember that bookmakers don't like people making profits from sure bets. They often limit the amount you can bet or close your account if they suspect you are doing it.

So if you use sure bets, be careful not to bet too much at once and spread your bets out over time.

Pros & Cons of Betting with an Online Bookie

There are many reasons to bet online with a bookie and a few disadvantages you should be aware of before betting. Here are some of the pros and cons of betting with an online bookie:

Pros:

- You can bet on various events and markets, from sports to politics and entertainment.

- You can usually get better odds than you would at a traditional brick-and-mortar bookmaker.

- You can often find bonuses and promotions offering free bets or enhanced odds.

- You can bet in your own time and at your convenience.

Cons:

- You may have to pay fees or commission on your winnings.

- You may be restricted in how you can withdraw your money.

- The bookmaker may not be licensed or regulated in your country.

- You could lose money if the bookmaker goes out of business.

Overall, betting with an online bookie can be a great way to get started in sports betting. Just be sure to do your research and choose a reputable bookmaker before you start placing any bets.

 

Swing Trading & Scalping

Regarding trading stocks, there are two main approaches that traders take - swing trading and scalping. Both methods can be profitable, but which one is right for you?

Trading on a laptop

Swing trading is a longer-term strategy where you hold onto your positions for days or weeks, looking to profit from the larger swings in the market. Scalping, on the other hand, is a much shorter-term approach where you take quick profits from small price movements.

So, which one should you choose? Let's take a closer look at both methods to help you decide.

Swing Trading

Swing trading is all about taking advantage of the bigger price swings in the market. Holding onto your positions for longer gives the market time to move in your favour and produce a profit.

Man trading

The key to successful swing trading is to pick the right stocks. It would help if you found stocks that are volatile enough to produce big price swings but not so volatile that they are likely to make sudden and unexpected moves that could stop you from your position.

It would help if you also had a good risk management strategy. Swing trading can produce some big profits but also incur some big losses if you don't manage your risks properly.

Scalping

Scalping is a much shorter-term approach than swing trading and involves taking quick profits from small price movements.

Phone trading

To be a successful scalper, you need to understand technical analysis well. This will enable you to identify small price movements that you can profit from.

You also need to be able to act quickly. Scalping is all about taking advantage of the tiny price movements that happen all the time in the market. As such, you need to be able to enter and exit your trades quickly to make a profit.

Which One Should You Choose?

There is no right or wrong answer when choosing between swing trading and scalping. It depends on your trading style and preferences.

London stock exchange

Some traders prefer the longer-term approach of swing trading as it gives them more time to research their trades and manage their risks. Others prefer the quick and exciting world of scalping, where they can take multiple daily trades and make quick profits.

Ultimately, it's up to you to decide which approach is right for you. If you're new to trading, starting with swing trading might be a good idea and then moving on to scalping once you've got more experience.

 

7 steps to matched betting profit

Matched betting is a technique used by many people in the UK to make extra money. It involves placing bets on both sides of an event at different bookmakers, using the free bet offers they all promote. By doing this, you can guarantee a profit, no matter the event's outcome.

Steps

If you're new to matched betting, don't worry – it's very simple, and we're here to walk you through the process step-by-step. This article will show you how to make a guaranteed profit from a free bet offer using a real-life example.

So let's get started…

Step 1: Find a free bet offer.

The first step is to find a free bet offer from a bookmaker. There are many different offers, but for this example, we will use the Ladbrokes sign-up offer.

Ladbrokes

This offer gives you £20 in free bets when you place your first bet of £5. So essentially, you're getting your £5 stake back plus around £20 profit by using matched betting.

Step 2: Place your qualifying bet

Now that you've found an offer, it's time to place your qualifying bet. It would help if you made this bet to trigger the free bet.

For the Ladbrokes offer, you need to place a £5 bet on any sports market at odds of 1.2 (1/5) or greater. There are many different markets that you can bet on, so have a look around and find one that you're comfortable with.

Once you've found a market and chosen your selection, it's time to place your bet. Enter your stake in the 'Bet Slip' and then click on the 'Place Bets' button.

Step 3: Find a matched betting site.

Now that you've placed your qualifying bet, it's time to find a matched betting site.

Outplayed.com offers 0% commission on Smarkets.

Smarkets is a betting exchange. This site allows you to place bets against other people rather than against the bookmaker.

The most popular matched betting site is Betfair, but many others are out there, such as Smarkets and Matchbook. For this example, we're going to use Smarkets.

Step 4: Find a market to bet on

Now that you've found a matched betting site, it's time to find a market to bet on. This is the market you will place your free bet on.

Ladbrokes market

You can choose from many different markets, so have a look around and find one that you're comfortable with. For this example, we will use the 'Match Odds' market for the football match between Brazil and Serbia.

Step 5: Place your free bet

Now that you've found a market to bet on, it's time to place your free bet. To do this, enter your stake in the 'Bet Slip' and click on the 'Place Free Bet' button.

Your free bet will now be placed on the market that you selected.

Step 6: Find a lay bet.

Now that you've placed your free bet, it's time to find a lay bet. This is a bet that you place against your free bet to guarantee yourself a profit.

To find a lay bet, go to Smarkets 'Exchange' section and find the market in which you placed your free bet. In our example, this is the 'Match Odds' market for the Brazil vs Serbia match.

Smarkets market

Once you've found the market, click on the blue number, enter your stake in the 'Bet Slip' and click on the 'Place Lay Bet' button.

Your lay bet will now be placed on the market.

Step 7: Collect your profits

Now all that's left to do is wait for the event to finish and collect your profits. If the event's outcome is different from what you bet on, then it doesn't matter – you'll still make a profit!

And that's it! You've now successfully placed a free bet and guaranteed yourself a profit, no matter the event's outcome.

If you found this guide useful, please share it with your friends and family. And if you have any questions, please don't hesitate to contact us. We're always happy to help!

 

How can I earn a full-time salary through Bookies?

There are a few ways to make a full-time salary through bookies. Still, the most common is by becoming a professional bettor. Professional bettors make their living by betting on sports and other events.

Pay on phone

The vast majority of professional bettors are sports bettors. Still, some bet on horse racing, politics, and even reality TV shows. Sports betting is the most common form of betting and the most popular type of gambling in the world.

To become a professional bettor, you need to have knowledge and discipline. Knowledge is important because you need to know how to read odds, understand different types of bets, and understand the sport you're betting on.

Discipline is important because professional bettors must control their emotions and stick to a strict betting strategy.

You can make a living as a professional bettor if you have both knowledge and discipline. However, it's important to note that very few people can do this successfully. Most professional bettors will lose money over the long run, so it's not a get-rich-quick scheme.

Still, if you're willing to put in the work and take risks, then becoming a professional bettor is one way to earn a full-time salary through bookies.

Matched betting allows you to become a professional bettor without having to have the knowledge of the sport your betting on! Matched betting is simple to learn and quick to master.

Matched Betting Schedule

Matched betting can be extremely profitable, but only if you have a good schedule. I'm often asked how my typical day looks, and I can tell you that following someone else's specific schedule will no longer work for you.

Portrait of a man

It would help if you found a balance between your needs. Everyone lives differently, and every person tries to figure out which is best for their life by trial. A common routine would look something like this:

Morning: Look at all the opportunities available for the day. Place any bets for good matches. If you can’t get any good matches then wait till closer to the start of the event.

Afternoon: Check out any new offers that have popped up and see if they're worth taking advantage of. Place bets that you couldn’t get on in the morning.

Evening: Place any bets that you want to for the following day.

Night: Get some rest so you can do it again tomorrow!

Of course, this is just a general idea – you'll need to tailor your schedule to fit your own life. But if you can stick to a good routine, matched betting can be an extremely lucrative way to make money.

Salary Expectations

As a matched bettor, you can expect to earn a profit of up to £1000 per month. However, this will vary depending on the number of hours you are willing to commit to matched betting.

Clock

If you can dedicate more time to matched betting, you could see profits of up to £2000 per month. Remember, however, that this is an estimate, and your actual earnings may be higher or lower than this amount.

While making a decent profit from matched betting is possible, it is important to remember that this is not a get-rich-quick scheme. To be successful, you will need to be creative and hard-working.

If you are dedicated and willing to work, matched betting can be a great way to earn extra cash. Just don't expect to get rich overnight!

Matched Betting Bankroll

The most important factor in earning through matched betting is the bankroll. This is the cash you only invest into matched gambling, not everything in your savings or current account.

Credit card on phone

Certainly, we'd advise using a separate bank account to bet with, so you can see exactly how much money you have coming in and going out from your match betting activities.

A separate bank account may also be helpful when you pay to rent and mortgage bills monthly, as you can make direct debit payments from this account and not mix up your finances.

Having money for bills is essential for turning into a pro-matched bettor. This is because you need to be able to cover your costs first and foremost before you can start making a profit from your matched betting.

So, how much money do you need in your bankroll to get started with matched betting? We would advise starting with at least £50, but ideally, you should have around £100 to £200 to play with. This will give you a good buffer in case you lose any bets and allow you to place bigger bets to maximize profits.

Of course, if you have more money, you can make even more money from matched betting. But it's important to remember that matched betting is low-risk, so you shouldn't invest more money than you can afford to lose.

 

Conclusion

Matched betting is a great way to make some extra money each month. However, it is important to remember that it is not a get-rich-quick scheme. To be successful, you will need to be dedicated and willing to put in the work.

Suppose you can stick to a good routine and manage your bankroll properly. In that case, matched betting can be an extremely lucrative way to make money. Just don't expect to earn a fortune overnight!

 

FAQs

Can you do matched betting without offers?

Matched betting without offers is possible but more difficult and time-consuming. You must find your bets to match and keep track of the odds movements to ensure you get the best value. It is also important to note that without offers, you will not be able to take advantage of any promotions or bonuses that bookmakers may be running.

How do you not get Gubbed on matched betting?

The best way to avoid getting gubbed is to not be a consistent winner. Bookmakers often limit or close accounts of users they deem to be winning too much.

To avoid this, it is important to spread your bets across multiple bookmakers and not focus on any particular market. Keeping your stakes relatively small is also a good idea, as this will minimize your losses if you get gubbed.

Can you do matched betting yourself?

Anyone can do matched betting with a computer and an internet connection. All you need to do is sign up for an account with a bookmaker or betting exchange and then find someone willing to take the other side of your bet.

You can then use a betting calculator to determine how much you need to stake on each side of the bet to ensure that you lock in a profit, no matter the outcome.

Is there anything like matched betting?

Matched betting is a specific type where you place two bets on the same event, one with a bookmaker and one with a betting exchange.

By doing this, you can guarantee a profit, regardless of the event's outcome. Professional gamblers often use this betting to make a consistent income. However, casual punters can also use it to make extra money.

Previous
Previous

Looking for the best bank account for matched betting? Here's a list of bet-friendly banks

Next
Next

Is Matched Betting Legal? The Worldwide Overview