Matched betting is a way to convert sportsbook free bet offers into real money. Online sportsbooks give out free bets to encourage people to join; we show you a clever way to turn those free bets into real profit.
Basically, it is a technique that allows us to extract a real profit from free bet promotions that are offered by sportsbooks when signing up. You can also use the same method to profit from ongoing free bet promotional offers, so the money keeps on coming.
The concept of matched betting requires you to create an account with two or more sportsbooks, where at least one of the sportsbooks is offering you a free bet opportunity. Instead of relying on chance, you use math to cover all outcomes and ensure you always win, no matter what happens in the event. If you follow our detailed instructions and calculations, you walk away with a profit every time.
OddsMonkey has been showing people in the UK how to make profits with Matched Betting for over 6 years.
We have now developed an offering specifically for the US market – Profit Duel
To place a matched bet we need to:
1. Find a matched betting offer that will allow us to make a profit. Our premium members get access to all the available welcome offers as well as on going daily offers from all the sportsbooks.
2. Identify an appropriate event to place our bets on. Profit Duel premium members get access to our Dutch Matching tool that not only finds the best bets but tells you exactly what to bet in order to profit.
3. Sign up to the sportsbook and place the qualfying bet according to the terms of the offers. We tell you step by step what you need to do.
4. Place the second bet to offset the first.
5. Wait for the event to finish and then collect your free bet bonus. We can then do the process again using the free bet but this time we lock in a profit. Profit Duel tools tell you exactly how to do this.
Matched betting works by using two bets, placed at different sportsbooks to cancel each other out.
Basically, by placing your First Bet at one sportsbook and your Second Bet, against the same result at another sportsbook, we remove all risk. You cannot lose your bet because you have all outcomes covered.
Let’s look at a sportsbook promotional offer: Bet $25 to Get a $25 Free bet.
We will use a NBA game as our example bet
Phoenix Suns vs New Orleans Pelicans
Two outcomes can occur in the following example – either Phoenix Suns will win the game, or New Orleans Pelicans will win the game.
The event’s outcome doesn’t matter to us because we will profit regardless of the outcome using some clever math.
We are going to place a bet at one Sportsbook on the Phoenix Suns to win, which is going to represent our First Bet. Then, to make this bet risk free, we will place another bet which is our Second Bet at a different Sportsbook on the New Orleans Pelicans to win.
By placing the two bets, we cover both outcomes of the event, so no matter what happens in the game, we will always win.
Using this method one bet will win and one will lose leaving us in the same position at the end of the two bets. We have won nothing and lost nothing but we have now qualified for the free bet bonus without risking any of our own money.
Here is an overview of our 2 bets and the 2 potential outcomes.
At the end of the event we will have qualified for our $25 free bet with either a small loss of $0.38 or a small profit of $0.50.
Now that we have a free bet available we can repeat the above process all over again but this time we will lock in a profit.
Let’s use an NBA game again as an example. Clippers vs Cavaliers.
We place our $25 free bet on Clippers to win. Then we place an opposing bet at another sportsbook on the Cavaliers to win.
No matter what happens with our 2 bets we will be in profit. If bet 1 wins we will make $17.75 and if bet 2 wins we will make slightly more with a profit of $17.84
We have step by step guides for all the sportsbook welcome offers. Sinply follow the guides and place your bets to unlock the profit. There are thousands of dollars worth of welcome offers, we just need to repeat the process described above to unlock the money.
As well as the step by step instructions Profit Duel premium members get access to a range of tools that help you find the most profitable bets and get all the information you need on how much to bet and at what odds.
Our Dutch Matching tool scans all the bookmakers and sporting events to find the best odds and profits.
You can also track your profits, get alerts on your bets and get support from our staff of matched betting experts.
Matched betting is completely legal. All we are doing is placing bets, we are just placing them in an intelligent way.
You can start for as little as $25, but it may take you longer to progress through the promotional offers.
If possible, we’d recommend starting with at least $50 to $100. This slightly larger beginning bankroll will mean that you can progress through the first few offers more quickly and build up your profits and be ready to take on the larger and even more lucrative sign up offers. If you have a bigger bankroll to begin, then you can take advantage of the larger sign up offers straight away as well as having an opportunity of progressing faster through the numerous offers. It is worth noting that we do recommend starting with the smaller value offers in order to ensure that you become familiar with the process before you move on to the higher value offers, we provide our recommended order in which to complete the sign up offers on your personalized dashboard.
If you don’t have any online sportsbook accounts, or you only have a few, you have an opportunity of making a few thousand dollars just from the initial sign up promotions. If you have several accounts opened already you can still make some nice monthly income from the ongoing specials and promotional offers, these offers can currently earn you in the region of $300 to $1000 every month.
Although we are placing bets we are not doing it in a way that risks any money. As long as you stick to the guides and place matched bets there is no gambling involved.
With potentially thousands of dollars to be made, we think that matched betting is worth anyone’s time. Even after you complete all the welcome offers, the ongoing offers from the sportsbooks accounts you have opened will allow you to keep making money with matched betting long term.
It is extremely unlikely that you will lose money matched betting, but it is possible if you make a mistake during the betting process. It is also unlikely but possible that the odds will change in-between you placing your back bet and lay bet in a way that causes an overall loss.
If you place your matched bets correctly and the odds used to calculate them do not dramatically change for the worse in the middle of the process, the maths means that you are guaranteed to make a profit.
Plus, if you are unfortunate enough to lose money on a matched bet, there’s a good chance that you’ll be able to make it back quickly.
You do not need a separate bank account for matched betting, but it can be helpful.
The main argument for having a bank account especially for matched betting is so everyday spending doesn’t get in the way. It’s as simple as that. With a separate bank account, you can keep track of your incomings and outgoings more easily. Without having to trawl through all those Just Eat orders and bills…
Joking aside though, most of us have direct debits set up for things, so we need money in the bank on a certain date. Withdrawal times differ between bookmakers and sometimes there’ll be extra delays that are out of your control. It can be a bit of a waiting game. And this all means that you won’t always be able to guarantee when you have the amount of money you were expecting.
A separate bank account can also be useful when applying for a mortgage.
You can continue matched betting for as long as you like because it is totally sustainable: once you have claimed all of the welcome offers, you can take advantage of the daily deals for existing customers. It is even possible to do matched betting without free bets.
It is common for users to do matched betting for the long-term — many of our customers have used it to supplement their income for years and have no reason to stop anytime soon! Some have even turned matched betting into a full-time job.
