Matched betting without free bets – This simple guide will take you through everything you need to know about making money online with matched betting after free bets.
Plus we share our top tips to help you get earning with OddsMonkey today.
Let’s dive straight in.
Matched betting is an incredibly profitable way of making money online.
However, a common question I’m often asked revolves around the long term potential of match betting. Specifically, can you do matched betting without free bets in 2020?
Bettors are often unsure about the methods and techniques you can use once you’ve run out of free bets and sign up offers. Individuals specifically question whether you can still make money in the long run.
My answer is always the same…
Yes, do the right things and you can always profit from matched betting after free bets.
A little about matched betting
Before we go on, here’s a little introduction for those of you who aren’t sure what matched betting is.
No risk matched betting is a way of making money from bookmakers’ free bets, bonuses and other promotions.
To give you an example, bettors take advantage of promotions like this Betdaq free bet:
Matched betting is certainly one of the most profitable ways of making money online, with thousands of people already taking part across the UK and further afield.
In simple terms, bettors use a risk free method to guarantee a profit from bookies promotions like the Betdaq example above.
For more information on what and how matched betting works, check out this article.
Matched betting without free bets
If you’re new to matched betting you may have read a lot about the use of free bets and sign up offers. It’s where most beginners learn the basics and start making some great profit online.
The betting industry has become so competitive over the last few years, mainly thanks to the growth of the Internet. There are hundreds of bookies all competing for the same business.
Therefore to gain an advantage, the bookmakers are always looking for ways to incentivise punters to open new betting accounts with them, rather than a competitor.
They do this, by offering sign up offers in the form of free bets and bonuses.
What makes matched betting with free bets so effective is the huge number of promotions and bonuses available to customers who sign up.
Building up your matched betting bank roll
Typically, many people who start matched betting, haven’t signed up with many bookmakers.
Others may have already signed up to some of the larger bookies like Ladbrokes and Coral and have (unfortunately) already used their sign up offers and free bets.
However, it’s important to remember that the bulk of initial profit up for grabs, lies with bookmakers that you don’t already have an account with.
The sign up offers and free bets the bookies use to entice new customers, are brilliant for building up your bank balance. This is an essential part of matched betting success in 2020.
What’s more, sign up offers are incredibly profitable and take a comparatively short amount of time when compared to reload offers (more on these below).
You’re probably thinking; That’s great, but I can only complete each sign up offer once. How do I continue making money after sign up offers?
There are a number of solutions, the first of which leads to people tricking the system…
Multi-accounting in betting
Some people take advantage of sign up offers and free bets more than once – a process called multi-accounting or gnoming.
Individuals use family members or friends names to open up multiple accounts with the aim of unlocking as many free bets as possible.
There are obviously many benefits to this method. Mainly – you can complete a matched betting offer numerous times, greatly increasing your profitability from one bookmaker.
Whilst this is a great concept in theory, the bookies do not like this.
There’s debate within the betting industry whether this practice is illegal and I’d tend to agree that it is. It’s fraud to pretend you’re someone else.
Having said that, there are definitely matched bettors and regular gamblers that use this method to increase their income and ensure they never run out of free bets or sign up offers.
However, I strongly recommend you don’t do this.
It’s a surefire way to get your account banned if the bookie in question catches you.
More recently, some bookies have introduced terms and conditions which state only one customer per household can receive promotions and free bets.
So, if you can’t complete the same offers more than once, how else can you profit from matched betting after sign up offers?
Let’s look at that next.
Matched betting after sign up offers
Potential matched bettors are sometimes put off by the long term profitability of matched betting once they’ve run out of free bets.
This is a big misconception that needs correcting.
So here goes…
Surely, there must be a way to profit from matched betting without the free bets just for new customers.
Well, you’re in luck…
There are plenty of matched betting offers for existing customers that are just as profitable as sign up free bets. These are called reload offers.
Once the bookies have you signed up, their job isn’t over. They don’t want to keep inactive accounts on their database – it’s a drain on their resources. And they’re in business to make as much money as possible!
Therefore bookmakers continually offer free bets and other promotions to existing customers on a huge range of sporting events.
Typically you’ll find more free bets and bonuses on the following sports:
- Horse racing
Reload offers are where the long term profit is made with matched betting. Some people make enough money from these promotions to use matched betting for a living or provide them with a great second income.
Reload offer example
Here’s a typical reload offer, from Betfred.
During the 2019 Six Nations rugby tournament, Betfred offered a £5 free bet to existing customers who staked £10 on another game in the tournament.
This offer was available for each of the five rounds.
On the face of it, this may not seem like a great deal. However, over five rounds, you can make a nice profit.
Multiply this by the number of bookies that offer similar free bets and you’re well on the way to making a great second income online.
Reload offers are one of the best ways to continue matched betting without free bets for new customers.
As a member at OddsMonkey, you’ll have access to all the latest reload offers, along with tips and advice on how best to complete each offer. What’s more, their team are constantly on the lookout for the latest and greatest offers.
This ensures you maximise your profit from each offer, whilst reducing the amount of time you need to invest.
A win-win if you ask me!
The importance of matched betting without free bets
Despite free bets for existing customers providing the main way to profit with matched betting in the long term, there will be occasions when there aren’t as many reload offers available for existing customers.
Large horse racing events are great for matched betting and Cheltenham 2019 was no different. This was a very successful year for many matched bettors out there.
Events like this provide some of the most profitable weeks for matched bettors. However, it’s a common theme for bettors to experience post event blues.
Bookies and punters alike are recovering from an incredibly busy few days of betting. This means there’s usually a few slow days/weeks in terms of matched betting offers.
Whilst you could argue this affects all matched betting offers and not just the free bets, it’s still important to consider other methods of matched betting without free bets.
There are a number of methods you can use that don’t involve free bets which we’ll take a look at next.
Alternative methods of matched betting without free bets
It’s often assumed free bets are the be all and end all of matched betting. Arguably, there’s some merit to this statement.
Free bet bonuses make up a great deal of your matched betting profit.
However, as any experienced matched bettor will tell you, there are plenty of other methods you can use to make risk free cash from match betting.
Below, we’ll take a look at the different options available for matched bettors.
This is one of the top ways to profit from matched betting after free bets.
Price boosts are a brilliant method to mix up your betting patterns and they’re incredibly easy to complete.
As another form of incentivising punters to place more bets, the bookies boost the price for a given market.
Skybet offer a lot of these promotions and you may have seen their adverts on TV where Jeff & the boys (TV pundits) continually shout ‘boost’.
Below is a typical price boost from Skybet.
In this example they’ve have boosted the price of Man City, Chelsea and Liverpool all to win from 2/1 to 4/1.
If the lay odds at the betting exchange remain around the original back stake (2/1 in the example above), you can make a guaranteed profit regardless of the event outcome.
It’s worthwhile keeping an eye out for any Skybet price boosts as these are usually the most profitable and worthwhile boosts around.
This is an awesome technique that should definitely be part of your long term matched betting strategy.
Extra place offers – Each way bets
Another great matched betting strategy to use when you’ve run out of free bets are extra place offers.
These promotions are slightly more complicated than other matched betting strategies in this list but they’re certainly worth learning and completing.
One successful extra place offer can set you well on the way to reaching your monthly target.
The bookies make an each way bet more enticing by paying out an extra place or sometimes more.
The great thing about these offers is that they are available to everyone – even if your account has been restricted or gubbed.
The aim with these promotions is to look for an each way bet where the bookie are paying out an extra place. For example, the top 4 places instead of the usual 3. As long as the betting exchange are still paying out the usual 3 places you can take advantage.
If your selection ends up in 4th place, both your each way bet and your lay bet will win. An awesome and incredibly profitable outcome!
The bookies typically like promoting these offers on horse racing and golf tournaments, although the latter is a little more tricky and not as profitable.
Generally, multiple bookies will hand out extra place offers on the same event. When this is the case, spread your bets across different selections to increase the likelihood of a win.
Extra place offers don’t provide a guaranteed profit like other matched betting strategies but they are certainly worth doing to increase your profit.
There are other ways you can profit from matched betting without using free bets.
It’s not just betting offers you can take advantage of, you can also profit from online Casino offers.
Just like betting companies offer promotions and incentives, casino firms do exactly the same.
There are a number of techniques you can use to take advantage of Casino offers – look out for our comprehensive guide, coming soon.
Just like Casino offers, you can also profit from Bingo offers.
Bingo firms promote a lot of sign up and reload offers which matched bettors can take advantage of. Just like with betting, the more firms you sign up to, the more money you’ll be able to make.
Can you do matched betting without free bets?
Going back to our earlier question and whether match betting is a possibility after free bets, it certainly is. You just need to utilise a number of the strategies mentioned above and you’re away.
Before you get started, here are a few tips to maximise your profit.
Top tips for matched betting after free bets
Use these tips to increase your success when there are less matched betting free bets available.
- Keep an open mind – The more you keep your options open when it comes to offers, the more money you’ll likely make from matched betting without free bets.
- Pick offers wisely – There are generally plenty of promotions to take advantage of – probably more than you have time to complete. That’s why it’s important for you to cherry pick the offers that will provide the greatest return.
- Use assisted matched betting – Some of the methods mentioned above can be quite challenging, especially for matched betting beginners. Use a matched betting service like OddsMonkey to get the most out of these techniques and ensure you don’t make any mistakes.
Overall, there are plenty of methods you can implement, if, you ever run out free bets and you’re looking to increase the longevity of your matched betting.
That’s it for today’s article, let me know which of the strategies you’re going to use when you’ve run out of sign up offers or free bets by commenting below right now.
Until next time 🙂