Matched betting, or double betting, is a way to turn the free bets offered by online bookmakers into real money. Cover all of the potential outcomes of a sporting event by placing more than one bet. Basically, matched betting involves placing multiple bets on different bookies. One back bet is placed (e.g. for Team A to win) and then one lay bet is placed at a betting exchange, but for the opposite result (e.g. Team A not to win). Regardless of the outcome of the event, the value of the free bet is unlocked.
How to find offers for matched bets?
Generally, offers can be split into either “Sign-up” or “Reload” offers.
A “Sign-up” offer is when you are taking advantage of a free bet that is there to encourage people to register at the bookmaker. Most reputable bookies offer sign-up bonuses designed to encourage you to open an account on their website. Once you have registered an account and done the offer, you can’t do it again. It’s a one-time only deal!
“Reload” offers’ are different, they are offered to people who already have an account with the bookie.
To begin with, you will want to do all the best “Sign-up” offers, and then once you have a lot of bookie accounts you can start working on the “Reload” offers.
Bonus: Profit Accumulator finds every offer available that is worth doing and provides instructions and forum thread support for each individual offer. You can read our Profit Accumulator Review here.
Can you lose money on matched betting?
You might have heard claims that matched betting is a completely risk-free method of betting for profit. Whilst that’s not entirely true, it’s close enough. The most significant risk is human error! If you make a mistake on a large lay and don’t get it fixed in time then it’s game over (potentially). This is completely avoidable, just don’t make mistakes!
The other risk, which is only a problem if you are trying to squeeze every penny out of every bookie, is getting “gubbed”, e.g. a bookie limiting you or refusing to pay you.
Is matched betting illegal?
Matched betting is completely legal assuming you’re over 18! It takes advantage of a loophole between betting exchanges and bookmakers, but neither of them loses because not backing or laying elsewhere has no influence on their result from your matched bet. Matched betting has been featured on many reputable websites and even appeared in The Guardian.
“There’s no illegal element [to match bet]. It’s a free bet and you can do what you like.” Source: The Telegraph
Why do bookies allow matched betting?
The bookmakers are perfectly happy with us using their free bets. They want to promote the company, entice more customers and ultimately get more people betting on their site. If they didn’t want people using these promotions they wouldn’t offer them. So in theory bookies don’t have a problem with match bets.
SureBets.bet Match Bets Page
Whether you’re an occasional bettor or a regular punter, SureBets.bet have something for everyone! We provide the latest odds, predictions, and analysis for all of our visitors. We also continue to ensure that all of our recommended bookmakers are safe, reputable and trustworthy.
This collection of 3 matched betting books into a single volume will give you all the detail you need to become an expert matched bettor. It contains over 50 strategies and real-life examples that will show you how to make money from sports betting throughout the year.
This book is not about gambling. It is dedicated to explaining how to cover all the possible options to lock in a guaranteed profit, no matter what the result.