Step-by-Step Guide for Matched Betting
Here is an easy step-by-step guide for matched betting.
- Identify the operators you want to sign up with from our recommended choices. Sign-up via our exclusive links to take advantage of the bonuses, including bonus bets.
- Research opportunities available on both books. Find a game or contest in which the moneyline odds are a mirror image.
- Place your first bonus bet on one of the operators on one side of the event.
- Place your second bonus bet on the other sportsbook you signed up for and make sure you choose the opposite outcome.
- Once the game is in the books, tally up your profits.
If you have used bonus bets in both cases, the profit calculation is simple. The return is your profit as you staked nothing but bonus bets to get it.
How to Turn a Profit with Matched Betting
To profit with Matched Betting, following our step-by-step guide will help point you towards profit. The bonus bet component is key. If you’re staking actual funds and picking opposite sides on two books, you’ll slowly bleed money.
The exception to this rule is when you find a disparity in moneyline odds that effectively guarantees a profit on both sides of the coin, but instances such as this are few and far between. The odds at different books can vary by a few ticks, but the range of difference is generally not so vast that profit can be locked in.
The simplest way to make it happen is via the use of free funds. If you sign up with our recommended operators by clicking through on our exclusive links, it won’t be too hard to find those opportunities.
Are You Guaranteed to Make Money with Matched Betting?
No, not always. When matched betting is used in the correct fashion, you’ll know going in what the expected return is.
If you place the wagers using the moneyline, you can essentially guarantee a profit if you’re using bonus bets on both sides. One of the wagers you make will be correct, while the other will be wrong.
The return generated from the correct bet is your profit. If you’ve employed matched betting with bonus bets, then this profit is free and clear. When you’ve used a portion of your bankroll to do so, then it’s the return less your stake that determines your profit or loss.
Barring a situation in which you’ve found a wide discrepancy in odds at two different operators, there’s going to be some kind of loss in this case.
Here’s a fictitious bet for illustrative purposes.
- Place a $10 bet at one operator for a potential return of $19.
- Do the same at another operator on the opposite side: $10 for $19.
- One of them is correct. You’ve made $19, but put up $20 for a loss of $1.
Additionally, it’s tough to guarantee yourself a profit when placing the wagers on spreads and totals. There’s always the possibility that the outcome would land exactly on the number set by bookmakers, resulting in a push.
You’ll be even on both sides as your bet will be refunded, but those using bonus bets have now used them up. From a bottom line perspective, there is a way to lock in profits with matched betting, but everything has to be laid out with precision to make it happen.