Matched betting for dummies – This ultimate matched betting guide will take you from match betting beginner to matched betting pro in no time at all.
With help from our matched betting partner, OddsMonkey, you’ll soon be making a guaranteed profit from the comfort of your own home.
Let’s get started!
Rather than rehashing existing content, where appropriate I’ve added links to separate, more in depth articles.
Our matched betting guide is split into the following 3 sections to make it easier to read and navigate. Feel free to use the links below to jump to different sections in the article.
Match betting may be a completely new concept to some of you, so before we continue with our matched betting for dummies guide let’s clear a few things up.
What is matched betting?
No risk matched betting or double betting as it’s sometimes called is an incredibly popular method of making money online. It’s used by thousands of people throughout the UK and further afield to make a brilliant second income.
Individuals take advantage of bookmakers’ free bets, bonuses and other promotions in order to make a guaranteed profit.
In the competitive world of online gambling, each bookmaker is continually looking for ways to incentivise customers to use their platform. Promotions are a tried and tested ‘carrot’ that obviously works well for the bookies.
Here’s an example from Betdaq betting exchange. They offer new customers a £10 free bet.
As you’d imagine, there is a huge range of promotions offered by many different bookmakers across the UK. From the likes of Ladbrokes to Bet365 to 888Sport, they’ve all got some kind of promotion available.
This makes matched betting a viable source of long term income for those looking to invest a little time and effort.
For more information, check out our what is matched betting article?
How is matched betting risk free?
Generally speaking, betting is never risk free, there’s always some kind of chance involved.
So how can match betting be risk free?
The simple answer… matched betting is not gambling.
It’s a proven strategy that, when followed step by step, allows you to make a guaranteed profit. Matched bettors know the outcome of their bets before an event has even started thanks to our very own matched betting calculator which we’ll come onto later in the guide.
It’s possible to watch your favourite football team in the knowledge you’ll make a profit no matter what the outcome is. No more anxiously waiting for another goal to be scored…
I don’t know of another betting strategy where this is possible – matched betting really is one of a kind.
I can explain the matched betting process until the cows come home, but you really have to see it in action to truly believe its potential.
Is matched betting legal?
You may be wondering whether any of this ‘matched betting’ process is legal and I don’t blame you. It’s difficult to believe in something as good as match betting when you first come across it.
However in reality, this is far from the truth.
Matched betting is 100% legal!
Certain betting companies like Betdaq, even endorse the method. Whilst it’s fair to say that not all bookmakers are such big fans of the technique, they accept that it is not illegal…
A spokesperson from William Hill even confirmed as much:
‘There’s no illegal element. It’s a free bet and you can do what you like.’
There you have it, matched betting is completely legal.
Check out this article for more explanation.
How much can you expect to earn?
This is one of the most frequently asked questions from matched betting beginners and you can understand why.
Matched betting is arguably the most popular and profitable way of making money online.
Check out this Google search result from the well-known website Save The Student – they rate no risk matched betting as the number one way to make money online.
The earnings must be good right?
But before we get onto the potential earnings, it’s important to add that matched betting is not a get rich quick scheme and you’re not going to become a millionaire overnight. However, if you’re looking to supplement your monthly earnings, match betting might be for you.
So what can you earn?
Most matched bettors at OddsMonkey earn around £500 each month.
But you don’t want to be average…
Lucky for you, the top earners rake in as much as £1000 each month!
As with anything, your earnings will vary. It all depends on how much time you invest in no risk matched betting and how effectively you complete each offer.
Whilst earning a living from matched betting can be challenging, experienced bettors still pull in a great income.
What’s more, all of these earnings are completely tax free.
In this section of our guide we’ll look at the inner workings of matched betting step by step and find out exactly how this technique works.
The main matched betting concept
Back and lay betting is the main concept behind matched betting. This term may be new to some of you so we’ll break it down into two parts:
- Back betting
- Lay betting
This is your typical kind of bet. So I would bet on an outcome to happen. Let’s say Leicester will win the Champions League in 2019.
This bet is placed at a traditional bookmaker like Coral or Ladbrokes.
Lay betting is the direct opposite of back betting.
Laying an outcome is betting that it won’t happen. So following on from my previous example, I’d now bet that Leicester will NOT win the Champions League in 2019 (much more likely, I’ll add).
For each offer bettors take advantage of, they place both a back and a lay bet like the example above. These two bets cancel each other out, making the entire process risk free.
The purpose of this is to trigger a free bet or bonus whilst not losing any of your own money.
Matched betting beginners may be wondering how you work out what bets to place and how much to wager, but not to worry. The complicated stuff is all taken care of with our matched betting calculator.
It may take some time to get your head around this concept but once you’re there it becomes second nature very quickly. You’ll soon be able to complete the latest offers in a matter of minutes.
For more information you can check out our back and lay betting article.
Matched betting tools
Next up in our matched betting guide, we’re going to look at certain tools you can use to increase your profitability.
Gone are the days when matched betting was a manual process. With all the technology around today, different tools and software are available that dramatically speed up the matched betting process. Our partner, OddsMonkey have a great range of tools and software available to members.
Another tool which is crucial for matched betting is the calculator.
This tool is essential for matched betting as it allows you to calculate your bets ensuring you get the best possible result.
For more information on how to get the most out of this tool check out our calculator page.
The best way to find out whether matched betting is for you is by giving it a go.
I can explain the process for ever but until you try a matched betting example, you won’t have a proper taste for how it works.
Sign up to OddsMonkey
No risk matched betting may seem quite challenging for beginners. There are lots of new concepts and key terms to get your head around.
That’s why it’s important to summon the help of matched betting experts. This avoids any confusion and stops you making any mistakes.
Furthermore, matched betting services will greatly increase the profitability and long term success of your betting strategy.
Here are just some of the benefits of signing up to a specialist matched betting site.
- Expert tutorials that explain matched betting in a simple and easy to understand manner – all created with match betting beginners in mind.
- Outstanding customer support including matched betting forums
- Offers updated on a daily basis
And much more…
If you’d like to get started with matched betting I recommend you sign up with our matched betting partner, OddsMonkey. They offer a brilliant service with a free trial also available.
If you’d like to read some more information before you move on you can always head over to our matched betting blog where you’ll find plenty of helpful articles with all the latest matched betting tips, tricks and much more.
Let me know what you think of our matched betting for dummies article by leaving a comment below right now.