My foray into the world of sports betting was as a punter, primarily following the ups and downs (well, mostly downs…) of my local team as they battled against the ever-present threat of relegation. Over time, I began to become more and more interested in the ins and outs of various strategies and became adept at spotting a good operator.
My day job was, at the time, writing and editing for a local newspaper, so turning my professional skills to my interest in sports betting followed naturally. I started writing about sports betting as a hobby initially with my own blog, analysing odds and providing betting tips where I thought I could find value. Eventually, I was headhunted to write the same content for a betting firm, which resulted in me leaving my local paper job behind and turning my professional interests solely to sports betting writing by 2017. Since then, I have been proud of the body of work I have been able to produce.
Using my interest in all aspects of the sports and gambling world to guide me, I now write for Betting.net, compiling operator reviews, bonus reviews, and sharing the tips and tricks across our various sports betting guides. When I’m not at my keyboard, I am an avid rock climber, with an ultimate goal of eventually ascending the Seven Peaks — if I can fit it in between penning the latest bookmaker review, that is!
We have traversed the globe on foot and along our travels we found that there were few betting strategies that could compare the qualities of a matched betting strategy.
Our matched betting step by step guide will give you insight into why this is such a popular strategy amongst all sports betting punters. We’ll show you what the pros and cons of the strategy are and how easy it is to implement as well. Keep reading our guide to see what this betting strategy can do for you.
What does a matched betting strategy entail? Matched betting step by step
Having matched betting explained to you is the best course of action you can take because this betting strategy can be a little complex, at least to new players anyway. The strategy is all about ensuring that the player walks away with a profit by using promotional offers and two different bookmakers at the same time.
You need to find a standard online bookmaker that is offering a free bet promotion. You will use your free bet offer and wager it on a sports event. If you opted to use your (typically £10) free bet on team A in a match, your next step is to then place another bet of the same value on the same team losing at one of the many online betting exchanges. This tactic won’t work for our US readers unfortunately as there are no betting exchanges available in the US right now.
The point of the strategy is to place a “back” bet on a team to win with the standard bookmaker and then a “lay” bet on the same team to lose with the betting exchange. You place the lay bet with a betting exchange because it is the only bookmaker that allows players to bet on a team to lose. If you follow matched betting step by step then you should almost certainly walk away with a profit from your two bets. You can even use an online matched betting calculator that will help you to determine what your profits might look like if all goes to plan. Let’s take a look at a matched betting step by step example:
A matched betting example – matched betting explained
In order to really have matched betting explained it’s worthwhile to look at a real world example. There is an international football match happening between France and Germany and you want a piece of the action. However, it’s a tightly contested fixture so placing an outright bet would be a bit risky. You then decide that you want to use a matched betting strategy to cover your risk.
You would then go to bookmaker A (a standard online bookmaker) and cash in on any available free bet offer there might be for the sportsbook section of the site. Settle your qualifying bet to claim the free bet offer (you will almost always have to do this). The qualifying bet shouldn’t impact your overall profitability if done right. You will then place your free bet at bookmaker A on either a Germany or France win. In this case, let’s say you decided to back the Germans.
That is one half of your matched betting guide completed. All you need to do now is sign up to a betting exchange and place a bet on the same fixture, to the same value. Place your bet on Germany to lose. You now have a fully fledged matched betting strategy in place. If you have considered the odds of the fixture on both sites (which should be fairly similar) then you will almost certainly walk away with a profit or at least your money back by using a matched betting guide.
There are plenty of moving parts when it comes to using a matched betting guide which is why we wanted to highlight what some of the main advantages and disadvantages are of using this type of betting strategy.
The advantages of a matched betting strategy
The most clear and obvious advantage of using a matched betting guide is the fact that you carry little to no risk of losing money on your bets. The whole point of a matched betting strategy is that you are covering your potential losses with the free bet that you claimed with the standard bookmaker that you used. So, if there is one thing that matched betting does, it’s ensure that you are at least walking away with something, for fairly minimal investment.
Aside from the risk free factor, you can also stand to make more than just your money back. We would never want to mislead readers into thinking they could win big when they can’t but with a matched betting strategy it really is possible to take home some big winnings if you find the right value bets. That is why doing some extra research into the odds on different bookmakers can make all the difference. However, a matched betting guide will bring in bigger profits but it will require a little more risk to take home bigger profits because you won’t be able to hit those heights by just using a free bet offer.
The disadvantages of a matched betting strategy
First and foremost, a matched betting guide can be tricky to follow. Like we said, there are a few moving parts and if you are unfamiliar with online sports betting then you definitely don’t want to jump straight into a matched betting step by step strategy. It requires some attention to detail and the right execution. If you make a mistake on your way to executing this strategy then you may well end up losing money which would defeat the point of the strategy entirely.
A big disadvantage of a matched betting guide being used on standard bookmakers’ sites is that they absolutely loathe people doing it. Unfortunately, a matched betting strategy is rather frowned upon by operators no matter where you are in the world. You can have your account suspended or even banned if you are caught using this strategy. It is by no means illegal but the operators will claim your account to be “suspicious” and promptly suspend your account.
You can try to combat this by placing a series of smaller normal bets during the course of your matched betting strategy. This shows the online bookmaker that you are just a normal punter placing bets at random. However, this is not always a guaranteed way to stave off any account suspension. So, be wary of how often you use your matched betting guide as you don’t want to be run off of every available online sportsbook in a couple of months.
Matched betting step by step – read over your bets before placing them
As we mentioned in the previous sections, a matched betting guide has plenty of variables to it. This makes the likelihood of you making a mistake a lot bigger. Remember, the whole point of a matched betting guide is that you are guaranteed a profit so making a mistake is not an option here.
So, when you think you are all set to place your bets, read over them again. You need to check up on every detail and check up on it again for good measure. Make sure the odds are still valuable by the time you place your bets, make sure you have placed the same amount of money on both of your bets. The biggest mistake you could make is adding an extra 0 to one of the bets and then ultimately you end up losing a good chunk of cash due to a typo. Avoid these kinds of errors by simply reviewing the bets you are about to place. You can ever be too careful with a matched betting guide so take your time and make sure everything is as it should be.
Yes, if you use it correctly. A matched betting strategy should in theory never let you down as far as profit goes. However, if you don’t do your homework on the available odds for a fixture and if you don’t place your bet correctly then you can walk away from the bet having taken a loss. That is why we are harping on about you double checking your bets. It’s really important that everything is as it should be when you execute your matched betting strategy. Even after having matched betting explained people can still make accidental errors with their bets.
What happens if the bookmaker catches me using this strategy?
Look, while a matched betting step by step strategy may not be illegal it is certainly not welcomed by online bookmakers. As such, if you are caught using this betting strategy on these sites or if they find your account to be suspicious then they are fully within their rights to ban your account or suspend you for a prolonged period of time. So, be careful how you approach using a matched betting guide, don’t do it too often on the same site and be sure to place some small, single bets on the site as well to cover your tracks. It all sounds a bit shady when it really shouldn’t be as a matched betting strategy is just another betting strategy like all the rest.
Does matched betting have to use a free bet to work?
No not necessarily. A matched betting strategy can be used with just your own bankroll but you are then removing at least some of the protection that you have when using a free bet instead of your own cash. However, if you do your homework and research the odds thoroughly, you can still use a matched betting strategy to your advantage without having to claim a promotion first.
Can I use a matched betting strategy with other promotion types?
A free bet offer is the ideal promotion to use for a matched betting guide but if you want to you can also use reload bonuses to top up your account and to build your bankroll. There aren’t many other offers aside from a no-deposit bonus that will work quite as well as a free bet offer but it is possible to use a matched betting guide with other promotions if you know where to look.
Are there more guides I can use at Betting.net?
Here at Betting.net, we have more than just a guide on how to use a matched betting strategy. We can offer you so much more on our site. Looking for the most profitable betting strategies right now? Or maybe you are just after the best football betting strategy. Whatever the case might be, we have got plenty of betting resources for you to use to your advantage.
Conclusion – be sure to double check everything!
A matched betting strategy could be just the thing that you have been missing. It is a sure fire way to make some profit or atleast get your money back on a bet. Keep in mind that this betting strategy can be quite tricky to implement so if you are trying it out for your first time be sure to double check your bets to make sure there are no discrepancies between the amounts of your back bet and your lay bet. If you are trying to traverse the plains of online sports betting with a simple strategy then you may want to look elsewhere for your adventuring needs. However, once you have mastered the matched betting strategy it can return some lucrative profits.
Something that punters are unsure of sometimes is whether or not matched betting is actually legal to do. Our matched betting step by step guide will show you exactly where online bookmakers currently stand on matched betting practices. We’ll let you know if the strategy is legal right now and what some of the repussions from online bookmakers smight be if you are caught using this strategy.
👉What is the best matched betting strategy?
There are plenty of betting strategies out there for you to choose from for all of your sports betting endeavours. However, there are few that work as well as a matched betting strategy. As such, we will show you what the best matched betting strategy is right now with our comprehensive guide on the matter. You’ll have a clear picture about what matched betting strategy you should be using to maximize your sports betting experience.
❓ Where can I find a matched betting tutorial?
Right here at Betting.net of course! Just as we created a tutorial for the best cricket betting strategy, so too did we create a detailed tutorial of the best matched betting strategy as well. We take you through matched betting step by step so that you know exactly what this strategy is all about and how you can implement it. By having matched betting explained in full, you will be able to add another diverse betting strategy to your arsenal.
💲What kind of profits can I make using a matched betting step by step guide?
Just like any other betting strategy, you’ll naturally expect that it will improve your betting success in the short term and the long run. These betting strategies don’t always guarantee a profit. As such, our guide on the matched strategy will shed some light on what your chances are of guaranteeing a profit with this betting strategy. We’ll also let you know how beginner friendly this betting strategy is and how easy it is to actually execute as well. We loewe no stone unturned in our guide on the matched betting so you’ll have all the information you need to make an informed decision about this betting strategy.
💯What promotions can I use with matched betting strategy?
Punters love using promotions in conjunction with specific betting strategies. As such, our matched betting step by step guide will show you what other promotions you can use to boost your new found betting strategy. We’ll let you know what promotions work best with the strategy and what promotions you should avoid altogether.