A matched bet is one that uses free bets that have been awarded as bonuses by online bookmakers and used to cover all options of an event to ensure a risk-free way of winning real cash through matched betting.
Matched betting on betting exchanges
Matched betting on betting exchanges is the practice of using the free bets or bonuses offered by the platforms to match against an exchange price on an event, to secure a low-risk profit. Sometimes referred to as ‘bonus arbing’, customers can use free bets and bonuses to lock in a profit regardless of the betting markets outcome.
For example, if two betting exchanges are each offering a £10 free bet, you can back the outcome of an event with one free £10 stake and lay the outcome of the same event with the other free £10 bet. Whatever the eventual outcome, you are guaranteed the win and will receive real cash for it, in most cases.
How much can you make from matched betting?
The amount of money you can make from matched betting depends on several factors, including your initial bankroll, the offers available, your understanding of matched betting strategies, and your ability to manage risks effectively. Matched betting is a method used to take advantage of bookmakers’ promotions and free bets to generate a profit with minimal risk.
Here are some key factors that influence your potential earnings from matched betting:
- Bankroll: The size of your initial bankroll will determine the amount you can make. A larger bankroll allows you to take advantage of more offers and potentially earn more profits.
- Offers and Promotions: The more bookmakers’ offers and promotions you can access, the more opportunities you have to make money. New customer offers, reload bonuses, and free bets are commonly used in matched betting.
- Skill and Knowledge: Your understanding of matched betting techniques and strategies is crucial. Skilled matched bettors can identify profitable opportunities and optimize their bets for maximum returns.
- Time Commitment: The time you can dedicate to matched betting plays a role in your earnings. Some offers require more time and effort than others, so your availability to take advantage of them matters.
- Risk Management: Effective risk management is essential to minimize potential losses. While matched betting is considered low-risk, there is still a chance of making errors. Proper bankroll management and error prevention are important.
- Profit Expectations: The amount you can expect to earn from matched betting can vary widely. Some matched bettors aim for a steady stream of smaller profits, while others target larger profits by taking advantage of high-value offers.
It’s important to note that matched betting profits are not guaranteed, and there can be variations in earnings from one person to another. Many matched bettors start with a small bankroll and gradually build it up over time as they gain experience and confidence in their abilities.
If done correctly, matched betting can be a profitable endeavor. Some matched bettors report earning a few hundred to several thousand dollars per month, depending on the factors mentioned above. However, it’s crucial to approach matched betting with a clear understanding of the risks and to stay within your comfort zone.
Keep in mind that bookmakers may restrict or limit accounts if they suspect matched betting activity, so it’s essential to use matched betting services and strategies that comply with bookmakers’ terms and conditions. Additionally, tax regulations regarding gambling profits vary by country, so it’s advisable to consult with a tax professional to understand your tax obligations related to matched betting earnings.