How To Do Matched Betting UK

If you have ever considered starting your own side hustle, you may have looked into the abundance of options that are out there currently. However, if you have been looking for one that can be done from the comfort of your home, then the world of matched betting could be the one for you.

Matched betting is a side hustle that has dramatically increased in popularity in recent years. This could primarily be attributed to the simplicity of the approach, as once you learn the basics, the same strategy can be applied to extract profit from many different offers.

Despite close to 500,000 members profiting from the OddsMonkey platform since 2011, many people are still unfamiliar with matched betting. Not to worry, though, as we will be fully explaining this betting technique, highlighting why it is arguably the best side hustle option out there.

What Exactly Is It?

In the simplest terms, matched betting is a strategy which involves covering all possible outcomes of an event in order to qualify for a promotional offer without gambling and then repeating the steps to extract a profit from the bookmaker's offer regardless of the outcome.

How Does Matched Betting Work?

The process of placing a matched bet is simple.

A back bet is the portion of the matched bet that involves you placing a bet on an outcome to occur using a traditional online bookmaker. In order to eliminate the risk of losing your money, this has to be covered by a bet on this same outcome not to win, known as a lay bet. Lay bets are placed with one of the many betting exchanges out there. Specially designed software available on OddsMonkey makes the process of finding selections with similar odds on the back bet and the lay bet is a breeze. This ensures that optimal profit can be extracted from every offer.

One thing that is worth noting in reference to matched betting is the utilisation of free bets and offers. Matched bettors do not gamble or bet for fun. What is more, they are aware that in order for them to make a profit, there has to be an offer attached. This works because when a bookie offers us a free bet, they agree to pay out any winnings the free bet generates. Once we place the free bet, we can then use a dedicated calculator to place an against bet and extract around 80% of each one as cash, regardless of the result.

Why Should You Start Matched Betting?

Besides the obvious opportunity for locking in profits, matched betting presents a plethora of other benefits which also make it a great option. One of the main things that we have already briefly touched upon is its simple nature. As every outcome of the bookmaker bet is covered, the element of gambling is removed where a punter would normally be reliant on chance. No matter what occurs in the match, race or another event the bets relate to, a matched bettor knows in advance what their overall position is.?

Whether you are someone who is accustomed to online bookmakers and frequently places bets or you have no prior knowledge going into the world of betting, the matched betting approach can be picked up by anyone over the age of 18.?

Tying back into the narrative of being a side hustle option, matched betting could also unlock the possibility for a stream of side profit if you stick to the foundations this strategy lays out. By staying consistent and regularly checking the OddsMonkey page for new offers, you could capitalise on the bookmakers’ offers and lock in a profit.

What Can Help With Matched Betting?

A number of tools available on OddsMonkey make the matched betting process easy, efficient and streamlined.

The most notable tools are the betting calculators tailored to the different types of offers. The matched betting calculator is one of the most useful, which can automatically determine potential returns by simply inputting a few pieces of information.

All that is required in order for this calculator to perform its intended role is to input the relevant odds of your selections, the stake of your back bet and whether or not there is any commission taken from the exchange. The calculator can then determine the results with pinpoint accuracy, helping you decide if a matched bet is worth putting on. This can save precious time in the matched betting process and negate the possibility of human error compared to calculating the results manually.

Suppose you are new to matched betting and betting as a whole. In that case, the various sports betting guides out there (especially the ones on OddsMonkey) can help you understand any key pieces of terminology you may encounter. These guides can help elevate your understanding of the bookmaker landscape, subsequently improving your understanding of matched betting offers in the process.

Depending on the bookmaker and exchange you may choose to use, the odds presented to you for the different selections may also be displayed differently. This can be done either in decimal, fractional or even the American format in some rare cases, depending on your preferences, which could prove confusing.?

However, thanks to the odds converter tools available, you can easily convert one fraction into another to understand the odds better. This ensures accuracy when placing selections, which is vital when applying the matched betting technique.

If you wish to improve your knowledge of alternative matched betting strategies, there is a whole array of in-depth tutorial videos and guides that can be found at OddsMonkey, too. These cover different bookmaker promotions, calculators and general applications of the strategy, with the information derived from matched betting experts.?

The same applies to our dedicated matched betting blog as well, with this being the place to keep up to date with all of the trends and changes as well as there even being a casino section which can highlight how to make the most of free spins and credits offered by online casinos.

What Are The Best Matched Betting Offers?

Due to there being so many bookmakers out there nowadays, there are also more and more promotional offers than ever before. As matched betting revolves around free bets and promo offers, this means there are also increased instances of matched betting opportunities, with specific offers that are especially noteworthy due to how profitable they can be.

Starting with 2UP offers, these essentially mean that back bets are paid out as a winner if a team gains a 2-goal advantage. It is ideal if this happens early in a match, as it still leaves plenty of time for the trailing opposition to stage a comeback. In the instance that the other team comes back to draw or even win the match after trailing by 2 goals, this would also see the lay bet be deemed a winner, leading to a win-win scenario.

Money-back offers are also popular with matched bettors. These types of offers tend to offer the stake back as cash or a free bet should your back selection lose by certain circumstances. This could include a horse finishing 2nd, 3rd or 4th instead of winning.

Another promotional offer commonly advertised by sportsbooks are price boosts, where the odds on certain selections are increased. As this leads to the back bet having higher odds than the lay bet, a matched bettor is able to lock in instant profit from such a bet.

However, one of the most impressive matched betting offers is available exclusively here at OddsMonkey. Members on-site can access our Smarkets 0% commission offer. As you will come to find out with matched betting, most betting exchanges take commission from the lay bets you place on their platforms, with Smarkets being one of these.?

On the contrary, though, OddsMonkey members are not subject to any commission from Smarkets. Due to this, matched bettors could secure even more potential profit, no longer having to take into consideration the commission that will be taken away before placing bets.

Where Can You Learn Matched Betting?

By taking all that we have discussed into consideration, you may now be aware of the benefits and opportunities matched betting presents. If you wish to begin matched betting, then OddsMonkey are the experts in this field, dedicated to making this betting strategy accessible to everyone.

Regardless of your level of experience, we specialise in providing you with all of the relevant and essential tools and guides which streamline the process, making it more effective overall.

Ready to explore further? OddsMonkey has a free, unlimited trial which will show you how to complete the first two offers and earn around ￡39 profit. Simply sign up at www.oddsmonkey.com and follow the introductory guides.