Arbitrage and Matched betting tips for beginners

Arbitrage and Matched betting tips for beginners

Arbitrage and Matched betting basics

Arbitrage betting is one of the most basic but also very profitable smart sports betting strategies. Bookmakers are trying to determine the true odds for every outcome in sports.

These true odds are the decimal format of the real probability to win that particular outcome. To determine these odds, bookmakers are using historical data about the previous matches of the teams or players and every available present information about them.

In some cases, their information is not complete which is causing the odds generated by them not mirroring the outcome’s chance for winning.

Arbitrage bettors are taking advantage of these wrong odds. They are placing bets on outcomes with wrong odds and to make it a guaranteed win, covering the other outcome at another bookmaker is the best choice.

 Matched betting on the other hand is very similar to arbing. Bookmakers are offering a lot of bonuses and free bets as a marketing strategy.

  • Their goal is to get new customers and to make inactive customers deposit money again.
  • With the betting technique matched betting you can complete the requirements for these bonuses without risking your money. This is why it’s called no risk matched betting too.

The basic technique is to place arbitrage bets near to 0% return with these bonuses. These bets will count in the roll over requirements, so no matter which part of your arbitrage bets wins, you will be allowed to withdraw the bonuses without losing any money.

For beginners, the easiest way of starting arbitrage betting is by subscribing to services, that offer pre-match (before the event starts) arbitrage opportunities.

This is the best way to start getting experience because the odds are moving slowly.

Arbitrage betting tips step by step for beginners

If you are a beginner in arbitrage betting, as I already mentioned, you should start with betting before the start of the event

  1. Deciding if the arbitrage opportunity is good enough for you: percentage and league
  2. Opening the matches at both of the bookmakers
  3. Calculating the needed stakes for both legs of betting
  4. Placing the bets
  1. Deciding if the arbitrage opportunity is good enough for you: percentage and league

For beginners, I advise taking arbitrage opportunities under 2% while learning the basics because on those the odds are less likely to drop so fast. One of the most useful arbitrage betting tips for beginners is to avoid betting on lower leagues.

Bookmakers can’t determine true odds every time, but on lower leagues they often make mistakes. These mistakes can mean a very big arbitrage opportunity for you.

But they know that the offered odds are often wrong, so placing bets on these leagues can harm them.

If you are greedy and place arbitrage bets on lower leagues like the third league in Austria, or the second league in Venezuela, your account can be limited in a very short time.

The best is to place bets only on the first leagues, in the beginning, to stay under the radar of bookmakers. Use smaller stakes for the first bets (15-25 at least would help).

  1. Opening the matches at both of the bookmakers

Both bookmakers should be opened till now on different tabs. You search the same event you want to bet on at both of the bookmakers, then the market too.

  1.  Calculating the needed stakes for both legs of betting

For this I used the following scanning services calculating tab:
https://en.surebet.com/calculator
Here you can fix one bookmaker (Under F with points). You can introduce the amount you want to place at that bookmaker and the odds at both bookies. The program will calculate the stake you need to place on the other bookmaker.

  1.  Placing the bets

In pre-match arbitrage betting placing a bet after clicking on the button is almost instant, so most of the time it does not matter which bet you place for the first time. Even though it is instant, you can reduce the risk of placing one leg of the arbitrage bet and not being able to place the other one, if you introduce the stake on both bookies and place the bets right after that.

You can check my detailed comparison table about the best arbitrage scanner services here:

Review of best scanner services!

Matched betting tips step by step for beginners

If you start learning about betting, you probably will notice that most bookmakers are offering sign-up bonuses. In order to be able to withdraw these bonuses, you will face some rollover requirements.

If you do not have a big capital, these bonuses can help you a lot in starting your smart betting career.

The easiest way of completing the rollover requirements is by placing arbitrage bets which have the required odds.

To make your time more worthy, you can choose two bookmakers who are included in a scanning service and both have bonuses.

This way an arbitrage bet would count in the rollover requirement for both of the bookmakers.

Try not to abuse bonuses by placing too big % arbs or too big stakes.

You can end up limited too fast before you even could complete the rollover. It’s not funny placing 700 euros of worth bets with a max stake of 1 euro.

So what are the steps and tips for starting matched betting?

  • Checking if sports betting is legal in your country

Sports betting is not allowed in every country or every state of the US. Even a guaranteed profit is not worth it if the activity itself will get you in trouble with the law.

If it is legal, you have to find every bookmaker that has a license in your country.

If sports betting is legal in your country or state, that does not necessarily mean that every bookmaker is available for you.

To legally offer gambling services in most countries bookmakers need to buy a license. After being sure that you know which one of them is appropriate for your needs, you can take the next step.

If you click on the following links, you can read my review about two cheap/accessible Matched betting services.

With their guides and software you can have access to a lot of bonuses without searching.

They offer the best tools for making a lot of money with minimal effort!

Profit Accumulator review! OddsMonkey review!

  • Make a list of every bookmaker and with their bonus offers

Making a list with every bookie available for you is the first step. To really know what are your matched betting possibilities, I advise making a list of the bonuses offered.

This list will help you to start your betting strategy with the most appropriate bonus size for your bankroll.

The more money you have for betting purposes the bigger bonus you can start right from the beginning. But for decreasing the chance of making too big mistakes I advise starting with smaller bonuses like 10 – 20 euros.

If you make a mistake, the amount you can lose will be less. We all make mistakes, even professionals do on an almost daily basis. So without a lot of knowledge, the likelihood is higher.

  • Start making accounts at 2-3 bookmakers that are included in arbitrage scanner services

The easiest way of covering bets without losing is using a bookmaker scanner service.

Finding opportunities to hedge (cover the other outcome at another bookie) your bets on good odds without losing too much is a crucial aspect of matched betting.

Using these services will help you maximize your profits and your workflow on the other hand, will be way faster.

Think about it! Which is faster?

Searching manually in a lot of events one by one or applying a filter in a service that is scanning almost every market on every match several times per second?

You can read this article on how to find arbitrage bets and the following article for free arbitrage betting services.

  • If you don’t have too big of a starting capital, start with smaller bonuses like 10 – 20 -30 euros.

In matched betting like in a lot of businesses, you need money to make more. If your resources are limited, I advise starting with free bets of 5 — 10 — 20 euros.

You should already have the list of bonuses at this stage, so finding them will be easy. With a capital of 100 – 150 euros, I would start with these that I already mentioned.

If you have a bankroll of 200 — 300 euros you can start completing roll-over requirements on bonuses between 30 — 50 euros, but with low stakes.

You don’t want all of your money to end up at the bookie with the bonus. Low stakes will help you complete the requirements before getting into this trouble.

  • Placing bets on arbitrage opportunities with a negative return, but close to 0%, will help you avoid limitation

Your biggest goal as a smart bettor and as a matched bettor is to stay under the radar. You don’t want to get noticed by bookmakers.

If you get caught while matched betting, your bonus might get canceled. A worse situation is when they limit your stakes before you complete the roll-over requirements.

It’s not the best feeling to find out that you have to place 300 bets with a maximum stake of 1 euro. Placing arbitrage bets close to 0% or even a little bit under will decrease the chance of getting caught.

  • Place more bets after you completed the requirements

If you placed enough bets and you completed the rollover requirements, don’t make that rookie mistake of withdrawing the money.

Matched betting is not simply based on taking advantage of starting bonuses. Bookmakers like to keep you active so if you don’t place any bets you have a good chance of getting new free bets or recharge bonuses.

Withdrawing your funds right after you completed the requirement can flag your account for smart activities.

To avoid that and to take advantage of future possibilities it is wise to place additional bets. I would suggest placing at least 5 – 10 bets.

Customers who are requesting a withdrawal right after they have completed the rollover requirements for a bonus can face several problems.

One of them is that bookmakers can limit your account, so in the future, you won’t have the possibility to use neither the matched betting technique nor arbitrage or value betting.

The other issue can be the stricter customer verification process. If the bookmaker suspects that your account is used in fraud, they will require a lot of additional documents.

For a more in-depth guide about matched betting click here.

 

If you click on the following links, you can read my review about two cheap/accessible Matched betting services.

With their guides and software you can have access to a lot of bonuses without searching.

They offer the best tools to make a lot of money with minimal effort!

Profit Accumulator review! OddsMonkey review!

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