How Does Matched Betting Work? 

Matched betting has emerged as a popular strategy among savvy bettors to generate consistent profits from bookmakers’ promotions and free bets. Despite its name, matched betting is not based on traditional gambling, but rather on a methodical approach that covers all possible outcomes.

In this blog post, we’ll provide a step-by-step guide on how matched betting works and how you can unlock guaranteed profits using this technique.

Let’s get into it…

How to be successful with Matched Betting 

Step 1: Understanding the Basics of Matched Betting

Matched betting involves placing two opposing bets on the same event: a back bet and a lay bet. The back bet is placed at a bookmaker, while the lay bet is placed at a betting exchange. By covering all potential outcomes, you eliminate the risk and guarantee a profit.

Part of understanding the basics, includes learning the terminology. Another one of my favourite things that I have to mention is that your winnings are always tax-free!

Step 2: Finding a Suitable Offer

The first step is to identify a bookmaker offer that provides a free bet or promotion. These offers are often given to new customers as an incentive to sign up. Matched betting relies on these offers to secure a profit.

Websites and platforms like OddsMonkey.com and Outplayed.com provide comprehensive lists of available offers and step-by-step guides to help you through the process.

Step 3: Placing the Back Bet

Once you’ve selected an offer, you place your back bet using the free bet or promotion provided by the bookmaker. This bet is placed on a specific outcome, such as a team winning a match or a horse finishing first. It’s important to carefully read and understand the terms and conditions associated with the offer to ensure compliance.

Step 4: Placing the Lay Bet

To offset the risk of the back bet, you place a lay bet at a betting exchange. The lay bet is the opposite of the back bet and essentially “bets against” the outcome you selected in Step 3. The betting exchange acts as a platform for individuals to bet against each other, allowing you to act as the bookmaker and offer odds to other bettors.

Step 5: Calculating the Stakes

To ensure that your bets cover all possible outcomes, you need to calculate the optimal stakes for both the back bet and the lay bet. Matched betting calculators, readily available online or provided by matched betting platforms, can help you determine the appropriate stake amounts based on the odds and the free bet value.

Step 6: Guaranteed Profit

Regardless of the outcome of the event, you are guaranteed a profit due to the way you have structured your bets. If your back bet wins at the bookmaker, your lay bet loses at the exchange, and vice versa. The profit is generated from the free bet or promotion provided by the bookmaker.

Step 7: Repeating the Process

Matched betting is not a one-time endeavour. To maximise your profits, you repeat the process with different bookmaker offers and promotions. With a wide range of bookmakers and ongoing promotions available, there are ample opportunities to continue making guaranteed profits through matched betting.

I’ve been doing this for over 3 years and have made over £150k – you can see my betting reports here.

So there you go, that’s how matched betting works! It offers a systematic and risk-free approach to profiting from bookmakers’ promotions and free bets. By carefully placing opposing bets and covering all possible outcomes, you eliminate the element of chance and ensure a guaranteed profit.

While it requires attention to detail and a bit of initial learning, matched betting can be an effective strategy for those looking to generate consistent profits from the world of sports betting.

Happy Matched Betting!