What is Matched Betting?

The concept can seem a little complicated and even daunting initially, so the here at Profit Accumulator we have put together this matched betting guide.

Here, the aim is to outline the basics of matched betting, including how it works, how it makes money and to answer some common questions about matched betting.

It is possible to earn a legitimate income from matched betting but, for many people, this sounds too good to be true. Hopefully this basic introduction will show that's not the case.

What is matched betting?

Matched betting (also known as back or lay bet matching, arb betting, or double betting) is a betting technique used by individuals to profit from the free bets and incentives offered by bookmakers. It is generally considered a risk-free bet as it is based on the application of a mathematical equation rather than chance. A typical return for a matched bet where the stake is returned is 85%+ of the free bet offer amount, and 70%+ where the stake is not returned. So for example, if you see an advert for a bookmaker and they are giving away a £10 free bet - on average, using the techniques that we can teach you (and with the help of our software, video guides and forum support), you will be able to 'unlock' £7 of that free bet as profit. That's real money that you can withdraw and spend on whatever you like.

Basically, matched betting involves placing multiple bets to trigger these offers. The reason multiple bets are needed is to reduce the risk on your part.

For example, let's say a bookmaker is giving away £10 if you bet £10 on tennis. If the odds are right, it would be possible to bet on Player A to win and bet against (or lay) Player A with a betting exchange.

This would mean your original £10 is returned and you get your £10 bonus from the first bookmaker. You then repeat the matching process (one bet at the bookmaker, and equivalent but opposite lay bet at the betting exchange) with your free bet amount.

Some of the bonuses offered by bookies are for new customers only. However, it is also possible to keep the profit coming in as bookmakers provide regular offers to incentivise existing customers. These are known as reload offers and are what makes matched betting viable, long-term.

Click here to signup to our free trial and complete the first two offers (the easiest way of understanding it all in our experience).

Is matched betting legal?

Yes, matched betting is perfectly legal. It can be done by anyone able to open an online betting account - that is most adults in the UK and Ireland. It's also tax-free.

Matched betting is still relatively new, which is one of the reasons many still don't trust it, but it's growing in popularity as people realise the potential. Profit Accumulator, for example, has had over 100,000 paying members use our service.

It is true that they close or restrict accounts of winning players but there are legitimate methods to keep your account open. Matched bettors share advice and tips on this very matter to help members keep their accounts thriving.

One other thing to remember is that you do need some spare cash in order to cover the qualifying bets. This is essentially a float that you get back, but is required in order to place the required bets to unlock the free bet.

How much can you make from matched betting?

The income earned varies widely, depending on the individual's circumstances. The main factor is how much time you can dedicate to it.

To give you a general idea, Profit Accumulator has two threads on its forum - how to make £1,000 a month and how to make £300 a month  - but earnings can be much higher than that. The £1000 a month thread obviously takes more time, but its perfectly possible to earn £300 a month with minimal effort.

Some Profit Accumulator members have shared their stories with us, including how much they have made, how long they spend doing it, what they've spent their profits on, tips for newbies etc.

Do I need to be a gambling expert?

Not at all. You don't even have to have an interest in sport. Matched betting is really just about following instructions. It really is that simple. It is used by sports fans but is equally popular with stay-at-home parents and students as a way of earning money from home.

Matched betting itself is one of the safest and easiest ways of making money online, the amount you can profit compared with the time spent doing it also mean you can earn an average hourly wage much higher than the national minimum wage.

make money from home

Matched betting software

You don't really need much to start matched betting but, with like many ways of making money, there are resources to help.

Matched betting services such as Profit Accumulator give access to tools and resources to make the process simpler and far less time-consuming. Basically, these are:

  • Calculator - to work out how much to bet and lay and how much your profit will be.
  • Oddsmatching software - to automatically find the best bets.
  • Video tutorials - to guide you through every step of the process.
  • Profit tracking - to help you keep track of your money across accounts.
  • Forum support - we have a busy forum which is filled with information and help. It's also a great place to ask questions and speak directly to matched betting experts.

Matched betting free trial

Profit Accumulator offers a free trial that is designed to let new members see how matched betting works. It includes instructions on how to do two bookmaker sign-up offers and if you complete both offers, you will earn up to £45.

If you like what you see, you can then upgrade to our Platinum membership. This includes full access to all offers, as well as use of the matched betting forum, where members share advice and support each other through their matched betting journey.

Click here to visit our homepage and find out more about matched betting.

Click here to signup to our free trial and complete the first two offers (the easiest way of understanding it all in our experience).

Click here to upgrade to skip the free trial and go directly to Platinum and get access to all the offers and features.

Click here to view our Trustpilot reviews.

Click here to read interviews with our members.

https://www.profitaccumulator.co.uk/

Jargon buster

When you start matched betting, you're likely to run into a few unfamiliar words and phrases, especially if you use the forum.

Here's some of the most common terms with definitions:

ARB - Arbitrage bet
EV - Expected Value or Estimated Value
FB - Free Bet
FS - Free spins
KYC - Know Your Customer (used when verifying accounts)
MB - Matched Betting
MBing - Matched Betting
PA - Profit Accumulator
QB - Qualifying bet
QL - Qualifying loss
OP - Opening Post (the first post in a thread)
RF - Risk Free
RTP - Return to player (used on slots, each slot has a return to player %)
SNR - Stake Not Returned
SR - Stake Restricted (Depending on thread context)
SR - Stake Returned (Depending on thread context)

Football specific:

2UP - 2 goals up, used for the Bet365 and Paddy early pay out offers
4MM - Four means more (offer run by William Hill)
ACCA - An accumulator bet (a bet of more than one selection in the same bet)
AGS - Anytime goal scorer
BTTS - Both teams to score
CS - Correct score
FGS - First goal scorer
FT - Full Time
HT - Half time
HT/FT - Half time/full time
LSG - Last goal scorer
PUP - Pick your punt (done by Betfred)
RAB - Request-a-bet (done by Skybet)
WOP - What odds Paddy (done by PaddyPower)
WWGI - Win, win, get in (Offer run by Coral)

Horse Racing specifc:

BBL - Beaten by a length
BOG - Best Odds Guarantee
EW - Each-way
LATL - Lead at the last
SP - Starting Price (the odds that a horse starts at)

Bookies (To name a few):
365 - Bet365
888 - 888Sport
BF - Betfair
BFEX - Betfair Exchange
BFSB - Betfair Sportsbook
BT - Blacktype
BV - BetVictor
HILLS - William Hill
LADS - Ladbrokes
MB - Matchbook
PP - Paddy Power
SM - Smarkets
WH - William Hill

Learn about matched betting

There's a host of matched betting guides and other resources free to access for those who want to find out more. Here's some suggested articles:

Matched betting tips

A few general pieces of advice as you start your matched betting journey:

Keep it simple: Start with the sign-up offers and only do the offers you understand. As your experience grows, as will your confidence and this is important before attempting some of the more complicated offers. Remember, matched betting is not a get-rich-quick scheme. You do have to learn the process and devote time to completing the offers - but it is worth it!

Monitor your money: Keeping track of your cash is vital. Your money will be spread across several accounts and it's easy to lose track of what's where. Finding a £40 in your SkyBet account might be a nice surprise but that's money that could have helped generate more profit elsewhere.

Stay secure: Keep a list of usernames of passwords using something like LastPass. This will save you time and keep your details secure when logging into all your bookmaker accounts.

Speed it up: Set up bookmarks for all the bookmaker accounts, or even consider a separate user profile on your computer. Use autofill to complete sign-up forms quicker.

Ask for help: Don't be afraid to ask questions. If you think you're due a refund or a free bet, use live chat to ask the bookmaker where it is. If you're a member of PA, be sure to get involved on the forum with any queries you might have. There's also superb phone and email customer support available seven days a week to help with any queries you might have. Contact details can be found here.

 

Click here to signup to our free trial and complete the first two offers (the easiest way of understanding it all in our experience).