What is Matched Betting?

What is matched betting?

The concept of matched betting can seem a little complicated and even daunting initially, so we have put together this matched betting guide.

If you prefer to learn by doing - sign up for our free trial and you'll earn over £45 from the first few offers. No card details needed and no obligation to purchase. This one's on us.

How does matched betting work?

How does it work?

Bookmakers give money away in the form of bonuses and free bets. Basically, matched betting involves placing multiple bets to trigger these offers. 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 much can I earn matched batting?

How much can I earn?

Earnings vary depending on how much time you put in. The signups offers are very profitable, and after that you move onto the reload offers. These are offers that bookmakers give out to retain customers. We have £300 and £1000 a month threads on our forum that are updated daily which you can follow.

How long does matched betting take?

How long does it take?

One of the good things about matched betting is that you can do it in your own time. The more time you put in, the more offers you can do and the more money you will make. On average, for the £300 a month thread for example, our members spend about 5 hours a week matched betting. That works out at £15 per hour.

Do I need to know about sports or betting to do matched betting?

Do I need to know about
sports or betting?

No. You don't need any knowledge of sports or betting to do matched betting. We have step-by-step video instructions on all the offers which if you follow, you will make money. The outcome of the event is irrelevant, so any prior knowledge of sports is not needed.

Can I do matched betting if I'm already signed up with bookmakers?

What if I'm already signed up
to some bookmakers?

There are over 70 registered bookmakers in the UK, so you probably haven't signed up to all of them. Even so, after the signup offers bookmakers give out reload offers to retain customers, and we have step-by-step easy to understand video instructions for each offer.

Is matched betting legal?

It sounds too good to be true.
Is it a scam or worse, illegal?

No. Matched betting is 100% legal and is recognised as the most effective way of making money online. It's been featured in many national publications (Guardian, Telegraph and Calvin Ayre). Better still, the money you earn is tax-free. The reality is that if you invest the time to learn, you will make money. It really does work.

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Bookmakers give away huge cash sums as a way to attract new customers and to keep them betting. We exploit these offers by placing the required bets and cashing out the bonuses.

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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.

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.

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 over £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.

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.

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
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