With matched betting, you can normally expect to earn between 50 and 80 percent of the free bet value. This is because winnings are typically subject to a commission fee at betting exchanges. Due to the slight variation in odds between each betting site, you could also potentially suffer a slight loss on the qualifying bet. Matched betting has become a popular form of betting owing to its low risk, particularly during events concerning sports.
How much can you make with matched betting?
Matched betting is a popular form of low-risk gambling at sports events. It is often referred to as bonus hunting or no-risk betting. By leveraging bonuses and free bets, matched bettors can increase their winnings with betting on every outcome of a game or event. This approach is one of the best ways you can earn profits from sports betting.
Read More: Betting exchanges in India
With matched betting, punters can consistently make £300 to €500 or more every month (or equivalent currency depending on where you live). Bettors can make up to €800+ a month if you have a higher bankroll and some experience with this form of betting. This is a fairly significant amount of money for a betting form.
Your bankroll and the amount of time you invest will, however, play a role in how much money you make. These are the criteria that determine how many offers, such as a sportsbook welcome bonus, you can accept. Sometimes, you might make more money, while on other occasions, you could find yourself struggling to break even.
Additionally, your earnings are based on the quality and value that are being supplied.
Read More: What is acca in betting?
What is matched betting?
The concept of matched betting is used to profit from free bets, bonuses and promotions offered by bookmakers and online betting sites. Matched betting involves placing bets on all possible outcomes of a sporting event or market with the use of certain calculations to ensure that you win your bet regardless of what the outcome of the match or event might be.
By placing such bets, bettors can be assured of winning back the same amount of money, regardless of the event’s outcome. This can be achieved by placing a back bet with the bookmaker, and then placing a lay bet on the same outcome with a betting exchange. What makes matched betting so unique is that the lay bet cancels out the back bet, ensuring that you end up with a profit.
Read More: How to earn money in IPL betting?
Because the earnings from matched betting are often minimal and the procedure can be time-consuming, it demands careful calculation and attention to detail. Before placing any bets, make sure you fully understand the dangers involved and only use reputed bookies and betting exchanges. It’s also important to keep in mind that not all countries permit matched betting. In India, since betting falls in a grey area, it is advised to learn about your respective state or territory’s gambling laws before deciding to place a matched bet.
Read More: What is back and lay in betting?
Matched betting tips
Matched betting can sound like a lucrative proposition, but it is important to keep in mind that with any form of gambling or betting, a win is never guaranteed. Thus, it is important to follow certain betting tips to maintain your chances of winning. Let’s take a look at some effective matched betting tips before you decide to invest any of your hard-earned money:
Do your research: Make sure to research on matched betting and the teams or individuals that will be competing. For new bettors, matched betting might be a challenging task. Before you start competing in matched betting, you should have a basic understanding of what it is and how it operates.
Read More: What does double chance mean in betting?
Start with small bets: When you’re just starting out, it’s best to start with small bets until you get the hang of things. This will help you to minimize your losses while you’re still learning.
Maintain record of your progress: In order to know how you are progressing, it is crucial to keep track of your wins and losses. When you realise that you are improving over time, it will keep you motivated. If you’re just starting out, you can maintain all your records on a spreadsheet.
Compete across multiple betting exchanges: Don’t stick with just one betting exchange; there may be others with higher odds. As we all know, a slight variation in the odds might result in significant financial savings. Indibet, Betfair, Smarkets, Ladbrokes, and Matchbook are a few of the top betting exchanges that you could register with.
Read More: How to understand cricket betting rates
Don’t expect too much: Matched betting won’t make you rich in just a day or two. You must initially comprehend the fundamentals. Matched betting takes time, so you should compete frequently to keep your income from declining. It is a clever and legitimate approach to generate steady income from the convenience of your house.
Keep yourself updated with promotions: Keep an eye out for new promotions and offers from bookmakers and betting exchanges. By taking advantage of these offers, you can increase your profits and increase your bankroll over time.
Read More: Orbit Exchange betting platform
Advantages of matched betting
There are several advantages of matched betting. Here’s a look at some of them:
Profits are usually tax free: Matched betting profits are generally tax free, making this a great option for bettors who don’t want to part with their rewards. Matched betting profits have been classified as gambling winnings because they are considered sports bets or casino bets.
Matched betting is risk free: With matched betting, bettors can be guaranteed healthy profits simply by taking advantage of free bets and bonuses that are offered by bookmakers. This is possible as bets cover all possible outcomes of an event. For this reason, many punters nowadays prefer matched betting as opposed to other forms of betting.
Read More: What is Betting Exchange?
You can compete anytime: Matched betting is flexible in that it can be done during your leisure time. This makes it perfect for those who want to earn some extra money without committing to a full time job. However, one should also note that matched betting is not a suitable source of regular income and is not a replacement for a full time job.
Teaches you more about sports betting: Through matched betting, you can learn about how sports betting works, without having to risk large amounts of money. This can be useful if you eventually decide to move on to other traditional forms of sports betting.
Read More: Cricket betting rules
Disadvantages of matched betting
Listed below are some major disadvantages of matched betting:
It requires understanding: It takes some time to understand matched betting. This is one of the reasons why many new bettors avoid it as they don’t understand how it works. Some punters mistake it for other forms of gambling and consider it to be risky. However, the risks are low when compared to other betting forms.
Matched betting can be time-consuming: Matched betting can be time-consuming, especially for bettors who are just starting out. This because one needs to spend a lot of time time finding the right bets, placing bets, and keeping track of their results.
Read More: How to understand cricket betting rates
Profits are limited: Despite matched betting being a low-risk form of betting, the profits can also be quite low. This may not be a viable option for individuals who are looking to make a significant amount of money.
Restrictions placed by bookmakers: Quit often, bookmakers may place restrictions on your account if they believe that you are using a variety of matched betting techniques to take advantage of their offers. As a result, this could limit the number of promotions and offers for you to take advantage of in the future.
Read More: IPL betting tips
Best sports betting exchanges
There are numerous best sports betting exchanges for bettors to choose from. Let’s take a look at the best sports betting exchanges that are currently more popular than others:
Indibet: Indibet is a completely legal, reliable, and secure sports betting exchange. Since the website has a Curacao gaming licence, Indian players can register for it just like they would with any other betting site. Since online betting and gaming are not currently regulated by Indian law, it is safe to place bets at Indibet. Before proceeding, however, check with your government because state-by-state regulations differ considerably.
Read More: T20 exchange betting app
Betfair: Betfair is among the most well-known and popular exchanges as it provides a wide range of markets with competitive odds.
Matchbook: Matchbook is a relatively new exchange and has gained popularity for its useful platform and inexpensive commissions.
Smarkets: Smarkets is a popular exchange that offers lots of liquidity and a user-friendly layout. With the Smarkets betting exchange, you can wager on all significant sporting and political events with the greatest odds and lowest commission.
It’s important to keep in mind that different types of bettors may prefer different exchanges depending on a number of factors such as the markets and sports offered, charge rates, and the platform’s usability. Thus, it is always recommended to compare the best sports betting exchanges and weigh the advantages provided by different exchanges before placing a bet.
Read More: Best sports betting exchanges
Matched betting FAQs
Q. What is matched betting?
Ans. Matched betting is a betting strategy that involves placing bets on all possible outcomes of a sporting event, which usually guarantees a profit. This can be achieved through free bets and promotions offered by various bookmakers.
Q. Is matched betting legal?
Ans. Yes, matched betting is legal in most countries, as long as it is carried out within the terms and conditions of the bookmakers and betting exchanges. However, it is recommended you check with your state or country’s gambling regulations and laws.
Q. Is matched betting risk-free?
Ans. Matched betting is not entirely risk-free but rather, considered to be a low-risk form of betting as it covers all possible outcomes of a match or event. However, there is still some risk involved, especially if you make errors or don’t stick to your strategy.
Q. Can I lose money with matched betting?
Ans. Matching bets can only result in a loss of money if there is an error in the calculations. Matching bets, on the other hand, usually result in losses for bookmakers and gaming operators, hence they specifically prohibit it on their platforms.
Q. Do I need a lot of money to start matched betting?
Ans. No. You don’t need a lot of money to compete in matched betting. You can start off with a small bankroll and gradually build it over time.
Q. How much money can I make with matched betting?
Ans. While it is not possible to specify how much you can make through matched betting, your profits will depend on your strategy, along with the availability of promotions and offers. Some bettors make a few hundred pounds per month (or equivalent currency), while others make a few thousand.