Matched betting has become incredibly popular in recent years, but to those who don’t know what it is, it sounds too good to be true. Is it really possible to make money from betting without the risk? Most people assume that it’s not and that inevitably, the house always wins. However, shrewd gamblers have found a loophole that uses free bets and a bit of clever mathematics to guarantee you a win, and the gambling sites also benefit from it as well so it’s all above board.
If you haven’t heard of matched bettering before, this great guide will tell you everything that you need to know about what it is and how it works. If you already know all of that and you have started making money from matched betting already, you may be wondering how to maximize your profits. There are a lot of simple tips and tricks that you can use to make even more money from matched betting, and there is still no risk. These are the best ways to maximize your profits from matched betting.
Finding The Best Free Bets
Finding free bet offers is vital to matched betting, and it gets harder the longer you have been doing it. When you first start out, there are plenty of sites that you can sign up to and get great free bets. However, once you are signed up, you have to wait a while before you can get more free bets and the offers that you get won’t always be as good. If you are going to continue earning money from matched betting, you need to search for the best offers. There are some great sites, like Sign Up Offers, where you can find exclusive betting website deals and get higher free bets. Once you start finding higher free bets, you will earn more money from matched betting.
Signing up to as many different betting sites is important if you want to maximize the number of free bets, but you do need to be careful. There are a lot of illegal betting sites out there that are looking to catch people out. Before you start putting money into a site, always do some research to make sure that it’s legitimate. A quick Google search for reviews of the site will soon tell you if the site is a scam or not. Matched betting sites will also provide lists of all of the legitimate betting sites so you can’t go wrong.
Pay Attention To Commission Rates
There are two bets involved in matched betting; a back bet and a lay bet. Your lay bet needs to be made on a betting exchange and these sites charge a commission. You can’t avoid paying this commission and it will always eat into your profits, but it’s important that you pay attention to the commission rates and find the cheapest sites for your lay bets. A lot of people use Betfair for their lay bets, but the commission rates on that site are actually quite a bit higher than some of the others. For example, Smarkets is a great alternative to Betfair that charges less commission. Even though the commission is small, it will soon add up if you are placing a lot of bets and you will lose quite a large percentage of your profits. It’s important that you regularly check all of the sites in case the commission rates change.
Get Some Expert Advice
There is big money to be made in matched betting, and there are people out there that do it full time. They make some of their income from betting themselves, and the rest from running websites to help others get to grips with it. If you are just starting out, there are a lot of great free sites that will teach you the basics and show you which bets to go for. However, the features on these sites are limited and if you are an experienced matched bettor that is looking to increase your profits, it may be worth investing in a paid service.
These premium sites provide extensive, in-depth tutorials with all sorts of great tips on maximizing your profits. They also have some great forums where you can post questions about the basics of matched betting or ask for more specific advice on which bets are best. If you can’t find your answer in the forums, a lot of sites have a support team and a live chat service so you can ask the experts for some advice. They will also have information about alternative matched betting strategies that cover casinos and bingo, which is not on free sites. If you are looking to increase your earnings, you need to branch out into these different areas.
Recording your bets is so important when matched betting because if you make mistakes, you could end up losing a lot of money. Most beginners use spreadsheets, which is fine to begin with, but you may need something more complex once you start making more bets. Most premium matched betting sites come with tools and software to help you keep on top of all of your bets.
Double Check Before You Bet
There’s no going back if you make a mistake with your bet, and you will lose a lot of money, so it’s important that you double check everything. Go back and make absolutely sure that you are betting on the right thing before you finalize it. It’s also important that you check the terms and conditions on the betting sites, especially when using a new one that you haven’t used before.
Betting sites want to minimize the number of free bets that they give out, and there is always a list of qualifying criteria that you have to meet before you get the free bet (usually a qualifying bet on a certain thing). In some cases, there are time limits on when you can use the bet, and you will lose it if you let it expire. Although laws are changing so betting sites cannot deliberately mislead people, the terms and conditions are long and can be quite confusing, so make sure that you always read them carefully.
Keep Your Accounts Active
Although matched betting is legal and the betting websites benefit because you lose on one of them each time you place bets, they are still not keen on the idea. When matched betting first started, it took a while for them to catch on but now they are aware of matched betting and they are starting to recognize the patterns. If you only use your accounts for matched betting, they will eventually restrict your account. This may be a stake restriction but, in some cases, they will completely ban your account.
The betting sites use algorithms that can determine whether you are only placing bets when there are free bet offers available. But you can trick the betting sites and keep your accounts open if you place mug bets. A mug bet is a bet that doesn’t qualify you for a free bet and so the betting sites assume that you are just a normal gambler. Although you will lose a bit of money on these mug bets, placing them regularly keeps your accounts open and gets you access to more free bets, so it is vital to long term profitability. As a general rule, you should place one small mug bet for each matched bet that you make.
Avoid Normal Gambling
When you are matched betting and you are making a lot of money, it may be tempting to turn to normal gambling. After all, you are spending a lot of time on gambling sites with lots of money sitting in your account. However, this is a slippery slope and if you start spending your matched betting profits on normal gambling, you will soon end up eating through all of your profits. If you are looking to make big bets with the potential of massive payouts, matched betting is not for you. Matched betting builds profit over a long period and the main benefit is the lack of risk. It’s not the same as normal gambling and, apart from your mug bets, the two should never mix.
A lot of people hear about matched betting and they decide to get into it expecting to make huge sums of money in a matter of days. Unfortunately, it’s not that easy and it takes time to build up your profits. The people that make the most money from matched betting are the ones that have a clear strategy, make consistent bets, and spend a lot of time looking for the best offers. It’s also important that you develop your strategy and find new matched betting opportunities, like casino and bingo sites.
Matched betting is a great, risk free way to make money online. However, if you want to maximize your profits, it’s important that you follow these tips and stick with it for a while.