Is matched betting worth starting in 2021?

Is matched betting worth starting in 2021?

If you are a complete beginner, this is the right place to learn how to get started with matched betting. I will guide you through every step you need to should take to get those bookmaker bonuses on your bank account. The road from the moment of learning about matched betting to actually get your first payment is not so long, but you need to learn everything possible.

Is matched betting worth starting in 2021?

My opinion is that matched betting, for people who are just starting out for the first time, is the easiest and most secure way of making money in 2021. It is definitely worth starting if you are interested in making money online. There is no easier way to start making money from home.

The only real requirement is that you have to be 18+. Even if you are not familiar with sports betting at all, you can start matched betting if you follow some basic rules.

If you already have betting accounts that are not a problem at all. Right now, there are plenty of bookmakers willing to offer bonuses to attract new customers and keep them spending their money on gambling.

Matched betting can be the best side income for those who love betting in general. Gamblers will have the possibility to continue their activity with the spin of making money on it.

If you just started matched betting, your income for the next 12-15 months will be guaranteed if you are lucky enough to be a citizen of the UK.

There are so many bookmakers that you simply don’t have to be afraid to finish them in a very short time. If you are from another country, have a look at this article.

How do I get started with matched betting?

1. Understand what matched betting is

Matched betting is a smart betting strategy that will allow you to complete bookmaker bonus requirements with a guaranteed profit.

Bookmakers are using all kinds of bonuses and free bets to attract new customers and to get back those who were inactive for a while. As a matched bettor you will place bets on every outcome of sports events in a way that no matter who wins, you will complete the requirements for that bonus.

Short example of matched betting:

You deposit 50 euros to a bookmaker, and you get 50 euros of bonus. If you want to withdraw the bonus to your bank account, you have to roll over the deposit and the bonus 6 times.

The total roll-over requirement will be to place 600 euros of worth bets. You place a bet on a football match for the Home team to win at the bookmaker with the bonus. You place 20 euros on odds of 2.

Now you have two possibilities:

  • cover the other outcomes at Betfair with a lay bet around the odds of 2 (you bet against the home team to win the match)
  • cover the outcomes at Pinnacle or at another trustworthy bookmaker on an arbitrage bet around 0% (outcomes of the draw or the Away team to win)

In this short example no matter who wins, you have completed a rollover of 20 euros and you risked nothing to complete it.

If you want to complete the requirements for the bonus, you need to repeat this process 29 more times.

matched betting guide 2021

It might sound like a lot of work for only 50 euros of bonus. But stay with me, and I will explain more possibilities to make the matched betting process faster.

The best way to make matched betting faster, you need to have slightly bigger capital. You can start more bonus offers at the same time and with a negative arbitrage bet both outcomes of a match can be at bookmakers with bonuses.

This way you will complete more bonus offers with less work. Also if you are not familiar with Betfair lay betting or arbitrage betting, you will find out more about those too.

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!

 

2. How much money do you need to start matched betting?

If you are planning to take matched betting seriously, based on my experience, you need at least 200-300 euros to start without too much waiting for withdrawals.

The more money you start with, the faster you can begin with new bookmakers. I know that not everyone has this capital for betting purposes.

In that situation starting with smaller free bets like 10-20 euros could be a solution for a successful start in matched betting.

Why do you need more money for matched betting?

A simple way to help you understand this is with an example. If you are matched betting, you need an amount of money for the bookmaker with the bonus.

If the bonus is for a deposit of 50 euros you will need at least 80-100 euros on top of that to cover the other outcomes.

The problem with matched betting is that you can’t make it sure that while completing the roll-over requirement for the bonus, all of your money will end up at the exchange.

Generally speaking, you can start your no-risk matched betting activity with even 100 – 150 euros.

Your bets will have two legs and two outcomes. One at the bookmaker with bonus and one at another bookmaker. If you win the outcome at the bookmaker with a bonus and the balance at the exchange is 0, you will need to deposit more money to the exchange.

But only if you did not complete the rollover requirements. In a situation like this, you need the extra money for being able to place another bet.

I think that for comfortable matched betting you need three or four times more than the amount of bonuses you targeted.

On the other hand, if you start matched betting with more money, you can start with more bonuses.

So, in general for the same amount of time you spend betting you can make more money.

3. Learn the types of bookmaker bonuses and how to get them

Bookmakers are offering a big variety of bonuses that can be very profitable for matched bettors. But you can see a lot of them too which might seem a good opportunity, but in the reality, you can’t make money from them.

Each type of bonus has different roll-over requirements, and you need a different kind of stake sizing to complete these.

The two + 1 main bonus types that are appropriate for matched betting are the following:

Deposit cash bonuses

This is the most basic and most offered bonus by bookmakers and casinos too.

After depositing a certain amount of money, the bookmaker will match that deposit with a bonus of 100% – 50% of the initial deposit.

For example: if you deposit 50 euros you get a bonus of 50 or 25 euros on your account.

The amount you get is different from a bookmaker to another. To convert these bonuses into real withdrawable money you need to complete some roll-over requirement.

For example, place bets for the total amount of 6 times the deposit + bonus.

The easiest way of completing the requirement is by placing arbitrage bets as I mentioned already. Matched betting is the most effective and most profitable combined with arbitrage betting.

In short, you will need to search for arbitrage opportunities between your bookmaker with the bonus and another bookmaker like Pinnacle, Betfair, or any other soft bookie.

About arbitrage bets, you can find more information here.

If your betting activity is based only on matched betting and you want to avoid the limitation of your accounts follow the next steps:

  • Don’t place arbs above 0%, it’s better if you find arbitrage bets with a negative return like this in the picture. With this matched betting can turn into a more viable income for you, bookmakers will flag your account a lot later. The winnings on your deposit will be smaller after using negative arbitrage bets. But in the long run, you maintain the chance of getting new ones.
  • Forcing too big stakes at the beginning will make your account flagged. Don’t be greedy and impatient, in the long run is worth it if you play it smart and you bet like a normal bettor
  • More detailed information about how to delay being limited

Free bet bonuses

This is the other most offered bonus by the bookmakers. After you deposit a certain amount your first bet will be risk-free up to a maximum stake given by the bookmaker.

For example: If your first bet of a maximum of 50 euros is lost, you will get back your stake.

The easiest way of calculating the right stakes for these bets is by using online free bet calculators.

For calculating it manually you can follow the following example:

With a normal arbitrage bet, you would cover the whole winning, but with this kind of free bet, you only have to cover the profit. You place the bet on odds of 3 * 50 euros of stake.

You have to cover the 100 euros of profit only ideally on odd of 1.50. No matter which outcome wins on this matched bet you make a profit of 34 euros.

In order to maximize the profit, you can make from free bets, the odds on the part of the bonus should be as high as possible.

Another version of free bets is when you have to place a bet for a fixed maximum stake. If the bet is lost you get a free bet for the same amount.

But in this case, it’s common that the winnings from that free bet won’t include the stake, only the profit. So, for example, you bet for 50 euros on odds of 2 and if you win your payout is only 50 euros, not 2*50 = 100.

Bonuses based on turnover

These bonuses are not so common, but they are very valuable. These bookmakers or betting agents are offering a cashback on every stake you placed.

Most of the time you will get a very low cashback, like 0.05% – 0.1%. But keep in mind that if you are an active arbitrage bettor or value bettor with a big volume even this amount of cashback can mean a decent amount.

Is matched betting risk-free?

Matched betting is not risk-free, but the chance of losing significant amounts is very low if you are following every rule.

In my article about the profitability of matched betting, you can find a detailed answer about the risks of matched betting.

Matched betting step-by-step guide for 2021

  1. You need a bank account to deposit money from
  2. Register an account at the bookmaker with the bonus
  3. Make an account at Betfair and Pinnacle for the start
  4. Deposit money to the bookmaker with the bonus
  5. Open an arbitrage scanner service and check if you can find arbitrage bets near 0% between your bookmakers
  6. Deposit money to Pinnacle or Betfair (where you see more opportunities to cover your match for the bonus)
  7. Place arbitrage bets
  8. Send in documents for KYC (know your customer) verification
  9. Withdraw the money and repeat the process

Is the profit from matched betting enough for a living or can you make more from value betting?

Betfair or Pinnacle are not available in your country/ state? Find out if matched betting without exchanges is possible or not!

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!

 

FAQ

Is matched betting worth starting?

For people who are just starting out with betting for the first time, it is the easiest and most secure way of making money.

How do I get started with matched betting?

Learning the basics of matched betting and placing your first bets with lower stakes are the most secure ways.

How much money do you need to start matched betting?

Generally speaking, you can start your no-risk matched betting activity with even 100 – 150 euros.

Learn the types of bookmaker bonuses and how to get them

Deposit bonuses and free bets are the most common ones.

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