Last updated in September 2020
My top matched betting tips will help you to supercharge your matched betting profits. Making money with matched betting is simple but to maximise your profit, there are a few tips and tricks you need to know.
I started matched betting with just £10 and turned this into nearly £10,000 during my first year, all while working full time in my regular job. In this article, I will tell you my secrets which I think were the key to my success.
This post contains affiliate links. Should you make a purchase or sign-up through my links, I will receive a commission at no extra cost to you.
Table of Contents
What is matched betting?
Matched betting is an easy way to earn extra money from home. It provides a tax-free income and only takes a couple of hours’ work. Despite its name, matched betting has nothing in common with gambling. and completely legal in any country that allows sports betting.
If you are new to matched betting, read my simple matched betting guide first. My matched betting tips will help you if you are a beginner or intermediate matched bettor.
Matched betting tips
1. Set-up a matched betting bank account
Before you start your matched betting journey, you should open a dedicated matched betting bank account. Trust me, you do not want hundreds of bookmaker transactions on your main current account’s statement.
Your matched betting money will move in and out of your account all the time. If you do not have a separate account, you will get confused quickly. It will also make it very hard to keep track of how much money you made from matched betting.
The other reason to set up a dedicated matched betting bank account is that many high-street banks block gambling transactions. They do this to prevent scam and protect people from gambling which is a good thing to do; however it gets in the way of matched betting.
I recommend opening an account with Monzo or Starling, both of which are popular among matched bettors. When I started matched betting, I used Monzo but then switched to Starling (to use Monzo for budgeting).
Both Monzo and Starling worked/work just fine for me. However, recently, a few Monzo users have reported that their account was blocked or even closed due to gambling transaction. Moreover, their financial situation is shaky, so you may prefer using Starling for the time being.
2. Get expert support as soon as you can
Trying to understand matched betting by yourself means you are more likely to make mistakes. And in matched betting, mistakes can be costly. There are countless matched betting websites and video tutorials that promise to teach you matched betting for free. Some of them work, other do not.
If you are serious about matched betting and want to make more than a few hundred pounds from beginner guides, you have to sign-up to a premium matched betting service anyway. So you may as well save you the stress and sign-up with them from the start and learn matched betting properly.
Learn everything you need to know during your free trial.
The trial does not automatically upgrade to a paid membership.
Profit Accumulator has all the guides and tutorials you need. And if you still struggle, you can message their support team for additional help. This will ensure you do matched betting right from the beginning.
3. Set-up a matched betting email address
Similar to having your transactions separate, you also do not want bookmaker offers mixed with your private emails. When doing matched betting, you may get up to 50 emails per day so you can imagine the mess this may cause! Opening a new email account is simple and only takes seconds so there is no reason not to do it.
I know I said you may receive a ton of emails per day. The key to time-efficient matched betting is learning which emails contain useful offers based on their subject line. Probably 90% of matched betting emails are junk offers or useless newsletters. If you are attentive, you will learn quickly how to tell good offers apart from junk and save time.
4. Get access to the oddsmatcher
Of my matched betting tips, this is one of the most important points. It is hard to be a successful matched bettor without having access to an oddsmatcher. On your own, you can perhaps make a couple of hundred pounds a month but for everything above £500 having a Profit Accumulator subscription is crucial.
Get access to the oddsmatcher and many other matchers
as well as a reload offer list that is updated daily.
Profit Accumulator also greatly reduces the time you need to commit to matched betting. Using the oddsmatcher, you can find close odds within seconds, and you are also always up-to-date with the latest offers and price boosts.
5. Use multiple matched betting exchanges
Most matched bettors start their journey with Betfair exchange because it is easy and more intuitive to use. However, Betfair is not the best exchange to use due to their commission rate and their odds may not always be the best.
To make maximum profit, you should also sign up with:
Having accounts with all exchanges allows you to find close matches more frequently as you have a wider selection of lay odds available. Thus, you can place more bets which equals more profit. Additionally, you can always get the closest match which will further increase your profits.
6. Link Profit Accumulator to your exchange
Profit Accumulator allows you to link its oddsmatcher directly to Smarkets (and Betfair). This means you can lay your bets with a single click. By doing so, you eliminate the risk of human error (laying the wrong market, the wrong amount or at the wrong odds).
Additionally, linking Profit Accumulator to your exchange speeds up your matched betting, ultimately allowing you to place more bets and make more money. Being faster also means that it is much easier to place a bet on horse racing as these odds can change very quickly.
7. Take advantage of 0% commission
Normally, you need to pay commission for placing lay bets. At the moment, Betfair charges 5% (or 2%) and Smarkets and Matchbook 2%. This is how betting exchanges make a profit. However, as a Profit Accumulator member, you are entitled to 0% commission with Smarkets and Matchbook.
Paying commission can really eat into your matched betting profit. On Betfair, you would lose £5 for each £100 layed. If you lay £400 a month, this would equate to a £20 loss. Smarkets and Matchbook charge less, but you are still losing money.
To activate the 0%-commission offer, link Profit Accumulator
to Smarkets and place a bet via the integration.
Given that Profit Accumulator costs at most £19.99 a month, the subscription essentially pays for itself for most matched bettors. Hence, unless you are a very part-time matched bettor, Profit Accumulator actually increases your profits despite its subscription fee.
8. Always double check
I cannot emphasise the importance of double-checking everything enough in my matched betting tips. It is so easy to make a tiny mistake in matched betting, which can cost you a few hundred pounds. If you are placing large bets, for example for 2ups, you could even lose thousands.
Yes, it is important to place your bets quickly before the odds change. But speed matters little when you are losing money through a silly mistake. In particular, you should always check:
- the offers terms and condition (even for regular reloads, bookmaker do change things)
- you are betting on the correct event (horses may have similar names)
- that bookmaker’s back odds match the ones shown in the oddsmatcher
- liquidity at the exchange so that your lay bet matches
- the lay odds
- and, of course, your stake
When looking at the bookmaker’s terms and conditions you may want to skim for the following key terms:
- Eligible matches
- Promotion period
- Are you required to make a deposit first?
- Betting amount
- Special conditions (e.g. do not bet on the SP favourite if your horse has to be second to it)
- Minimum odds
- Wagering requirement for casino offers
- Date the free bet is credited
9. Matched betting tips: Track your bets
Tracking your bets is super important to stay organised. If you do not track your bets, you will likely miss out on free bets, double qualify for offers and get yourself in a mess. On some days, I have up to 50 open bets and I would be completely lost without a way to track my bets.
If you are signed-up with Profit Accumulator, you can use their profit tracker. Other matched bettors prefer to record additional details or like to be more control. For this, you can set up a simple Excel spreadsheet. If you do not have Excel, there are free alternatives such as Libre Office.
Apart from tracking your open bets, you should also track what free bets or free spins you are expecting and the day they are due. For this, you can use a Day Designer notebook or a simple diary. Some people even set themselves reminders on their phones so they get an immediate alert.
Tip: you can check when a free bet or free spins are due in the bookmaker’s offer terms and conditions. Many bookmakers also credit free bets or free spins earlier than the date given in the terms so it is worth checking earlier.
Tracking bets is super simple but trying to clean up the mess if you do not track your bets is not.
10. Be consistent
Being consistent is one of the most crucial aspects of matched betting. Many offers do not provide guaranteed profit e.g. 2ups, horse refunds and low-risk casino offers. However, they still have a positive expected value (EV). This means that in the short term you may lose money, but in the long term, you will most likely make a profit.
Imagine you complete an offer in which your horse has to be second in order to obtain a refund. You may do this offer ten times and not get a single refund. If you give up at that stage, all your qualifying losses (QLs) will be lost forever. So if you staked £10 each time and found 95% matches, you will be down -£5. Forever. You will not get these £5 back. Therefore, giving up to quickly will cost you.
However, with these offers, it is important to distinguish between those which have a positive EV and those offers which are not worth doing entirely. Having a horse to place second or a football team to gain a two-goal lead are easily achievable conditions and are likely to happen often enough to make these offers worthwhile.
Other offers, for example, demand your horse to place second AND the starting price (SP) favourite to win. This is far less likely as you are essentially betting on two horses. I am not saying that you should not do these kinds of offers as (with very low QLs) they can still be profitable, but it is important to critically assess the importance you give them.
11. Matched betting tips: Diversify
This is one of the more important matched betting tips. Many matched bettors find a few offers they are comfortable with and limit themselves solely to these. This is dangerous as the bookmaker might discontinue the specific offer, cease to trade, or you become gubbed. The matched betting world is constantly changing and to stay successful in the long term, you have to change and adapt, too.
Diversifying is also a key way to increase your matched betting profit. There is only so much money you can make from one type of offer. By adding more offers to your matched betting repertoire, you will automatically make more money.
Many matched bettors struggle to diversify. However, this is actually very simple. Profit Accumulator‘s daily offer list has all available offers and you can just go through this list to find new offer types. I recommend learning each offer one by one to make sure you understand it.
12. Sign up to a separate casino service
Profit Accumulator or comparable matched betting services will help you make serious money from sports betting offers. Additionally, they may also help you to make some money from low-risk casino offers.
However, to fully take advantage of online casinos, you need a separate membership to a casino website. The team behind Profit Accumulator recently launched Bonus Accumulator, a website that will help you to completely rinse casinos.
While there is some overlap between the casino offers and guides between Profit Accumulator and Bonus Accumulator, Bonus Accumulator is much more specialised. As such, they have far more casino offers than any other matched betting or casino website.
13. Join a matched betting community
I really cannot stress the importance of becoming involved with the matched betting community enough. When I was a newbie matched bettor, I immediately joined different matched betting Facebook groups. And this is really where I learned everything!
Firstly, matched betting communities are a good point of contact when you have questions or messed up placing a bet. You can, of course, ask the Profit Accumulator support team, who are great at helping, but its really the opinions of other matched bettors that help you to understand that there can be different solutions for a problem. You can also benefit from their matched betting experiences and their matched betting tips.
Secondly, matched betting communities allow you to learn how to solve a problem before it occurs. There are always people asking questions and simply by reading the answers, you can learn more. This is what I am doing and it has provided me with a deeper understanding of matched betting. I learned a ton of matched betting tips from other matched bettors.
14. Grow your bankroll
When the profits roll in, it may be tempting to go on a shopping spree, book a holiday, or buy a new car, phone, etc. However, by spending your profits you are stunting your own ability to grow. In matched betting, you can make more money with a bigger bankroll.
This is because your money constantly moves between your bank account, bookmaker account, and the exchanges. Thus, some money will always be in transfer, meaning you cannot use it for betting. At busy times, you may even find all your money tied up, either in transfer or as liability at the exchanges.
Therefore, you need a decently sized bankroll. Depending on how much money you want to make with matched betting, you should have £500-£2000 in your matched betting bank. If you find yourself not using all of it even at busy times, you can always withdraw.
15. Take care of your accounts
You can still make money with restricted (gubbed) accounts. However, the fact remains that it is better to have a clean and working account rather than a gubbed one. Therefore, it is important to have a long-term mindset and take care of your bookmaker accounts.
This means you should stay away from arbitrages (arbs), not overdo price boosts and not contact live chat more often than necessary. Occasionally placing mug bets can also help, although the evidence base for this is less strong.
Always read the terms and conditions of every offer so you know what you are doing and consider placing more than the minimum amount required to participate in the promotion.
16. matched betting tips: Strategy
When matched betting, it is easy to get overwhelmed by all the offers and bookmakers. Therefore, it is crucial to have an effective strategy that works. This will help you prioritise the more profitable offers and those that are time sensitive.
For this, you may want to have a look at my matched betting strategy with helped me to make over £12,000 from matched betting to date. It will help you prioritise offers, ensure you capture every profitable offer, and help you establish a good routine.
17. Never gamble
Whatever you do, you should never gamble. As soon as you place a bet that is not laid (and does not classify as advantage play), you are in gambling territory. Gambling can be a way to quick riches, but it is mostly the way to quick debts.
If you start gambling, all your matched betting profits can be lost in one day. This means all your hard work will be in vain and you may even end up using up your regular savings as well. If you find yourself tempted to gamble more than once, matched betting is not the right side hustle for you.
Admitting that you are not suited for matched betting can be hard. You may see yourself as a loser and feel guilty for gambling. But you should not be! Standing to your mistakes and admitting you are not good at something requires courage. Plus, your time will be better spent drawing a line under matched betting and exploring other side hustles.
Matched betting tips summary
Matched betting can be even more profitable with some tricks. In particular, my top matched betting tips are:
- Set-up a matched betting bank account
- Get expert support as soon as you can
- Set-up a matched betting email address
- Get access to the oddsmatcher
- Use multiple matched betting exchanges
- Link Profit Accumulator to your exchange
- Take advantage of the 0% commission offer
- Always double check
- Track your bets
- Be consistent
- Sign up to a separate casino service
- Join a matched betting community
- Grow your bankroll
- Take care of your accounts
- Improve your matched betting strategy
- Never gamble
During the free trial, you have access to training guides and
can make up to £45 profit.
These matched betting tips will hopefully enable you to supercharge your profits. But do not forget the most important matched betting tip: Have fun and enjoy the journey.
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