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Matched Betting UK Review: How To Make Money Online - Don’t Sign Up Until You Read This

Below, we delve into a comprehensive explanation of matched betting. However, if this isn’t your first rodeo, we're excited to reveal our verdict on the best matched betting site. Brace yourself for a spoiler alert as we unveil our top recommendation.

Outplayed
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Ever stared at those bank statements and winced, wondering how to add some zeros without selling a kidney? What if you had the secret sauce to make money appear out of thin air, and no, we're not talking about a magic wand! Welcome to the world of Matched Betting- a strategy that's hailed as the gold rush of our digital age. This isn't your typical gamble; it's shrewd, savvy and practically risk-free. Curious yet? Then buckle up as we delve into this elusive world where everyone can come out on top. It's like having your cake and eating it too - only this time your cake is cash! We've performed a comprehensive review of the most popular matched betting sites so you know where to hedge your bets and maximise your profits.

Below, we delve into a comprehensive explanation of matched betting. However, if this isn’t your first rodeo, we're excited to reveal our verdict on the best matched betting site. Brace yourself for a spoiler alert as we unveil our top recommendation.

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Key Advantages of Outplayed (Formerly Profit Accumulator):

Why choose Outplayed? Here are some of the most compelling reasons that set them apart from the competition.

Outplayed takes pride in being the biggest player in the matched betting scene, Outplayed has nearly 4 times more trustpilot reviews than OddsMonkey. With their extensive user base and unmatched expertise, they have solidified their position as leader in the industry. When you join Outplayed, you become part of a thriving community forum, brimming with helpful members ready to support and guide you on your matched betting journey. In contrast, their competitors pale in comparison with their significantly smaller forums, limiting the wealth of knowledge and assistance available.

When it comes to offers and guides, Outplayed goes above and beyond to ensure you have ample opportunities to make extra money. They provide a wide range of offers that give you the edge in maximising your profits. Additionally, their guides are comprehensive, well-crafted, and designed to empower you with the strategies needed to succeed. Outplayed's dedication to delivering more deals and better guides translates into greater earning potential for their users.

Outplayed stands out as an excellent choice for newbies entering the world of matched betting. Their tutorials are carefully designed to cater to beginners, offering clear and concise instructions that make it easy to grasp the fundamentals..

As an Outplayed member, you gain exclusive access to PocketBet—a game-changer in the realm of matched betting. PocketBet offers a unique learning experience, free from the complications of partially matched bets. With its massive liquidity and intuitive interface, PocketBet simplifies the process, enabling you to focus on boosting your profits without unnecessary hurdles.

In summary, Outplayed outshines OddsMonkey with their impressive size, thriving community forum, extensive offers, top-notch guides, newbie-friendly tutorials, and exclusive access to the innovative PocketBet. If you're seeking a platform that provides unparalleled support, opportunities for financial gain, and a seamless learning experience, Outplayed is undoubtedly your best bet in the world of matched betting.

Updated 04/06/2023:

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Matched Betting Explained

Matched betting is a technique that generates guaranteed profits by taking advantage of bonuses offered by bookmakers such as Sky Bet and Paddy Power. Here's how it works: bookmakers offer incentives to new and existing customers in the form of free bets, deposit bonuses, and other promotions. With matched betting, you can use these offers to generate a guaranteed profit.

The first step in understanding matched betting is to understand the concept of back and lay bets. A back bet is a traditional bet; you're betting on an outcome to happen. For example, if you bet on Manchester United to win a game, you're placing a back bet. A lay bet, on the other hand, is a bet against something happening. In this case, you're betting on Manchester United not to win the game. Lay bets are offered by exchanges like Betfair exchange and Smarkets. When you place a back bet and a lay bet on the same event at different odds, you create what's known as a "matched" bet. The idea is to place the bets in such a way that no matter what happens, you make a profit. For instance, let's say that Bet365 have a £50 free bet offer for new customers who sign up and deposit £50 or more. You decide to take advantage of this offer by using matched betting. First, you place a £50 back bet on Manchester United to win at odds of 2.0. Then, you place a £51.28 lay bet against Manchester United to win at odds of 2.0 on Betfair (you'll need to pay 5% commission on your winnings). If Manchester United wins the game, your back bet wins £50 and your lay bet loses £51.28 – giving you a net loss of £1.28 (don’t worry, the profit comes next!). If Manchester United doesn't win (i.e. they lose or draw), your back bet loses and you win £51.28 from your lay bet. Either way, you end up with a small loss of £1.28. However, you’ve now qualified for their £50 free bet. You can repeat the process using the free bet - placing a back bet on Bet365 and then placing a lay bet on Betfair. By doing this, you can guarantee about £40 profit from the free bet, giving you net winnings of £38.72 no matter what happens. You can use a matched betting calculator if you find this helps. The key to matched betting is to find odds that are close together for the back and lay bets, so that you minimise the risk of losing money online. This is where matched betting software comes in handy – it can help you find the best odds across multiple bookie and betting exchanges. Matched betting may sound too good to be true, but it's a tried and tested method of making profits. As long as you follow the steps correctly, there's little risk involved. Of course, like any investment (and matched betting is an investment of time if nothing else), there's always the possibility that something could go wrong – for instance, if a bookmaker reneges on an offer or if you make a mistake in placing your bets. It's important to read the terms and conditions carefully before taking advantage of any offers, and to double-check your calculations. Some people argue that matched betting is unethical because it involves taking advantage of bookmakers' offers. However, it's worth noting that bookmakers are in the business of making extra money – they wouldn't offer these promotions if they didn't think they would ultimately benefit them. By taking advantage of these offers, you're simply levelling the playing field, which provides a legitimate argument against bonus abuse.

  • Matched betting is a technique used to generate profits by taking advantage of bonus bets offered by bookmakers. By placing back and lay bets on the same event at different odds, you create a matched bet that ensures a profit no matter what happens - that what makes matches better a true profit maximiser! The key to successful bet matching is finding odds that are close together for the back and lay bets in order to minimise the risk of losing money. Although some may argue it's unethical, bookmakers benefit from these promotions and taking advantage of them helps level the playing field. It's important to read terms and conditions carefully and double-check calculations to avoid mistakes.

Low-risk Profit Opportunities

So how much money can you make with matched betting? It depends on how much time and effort you're willing to put in. Some people report making thousands of pounds per month, while others are happy with just a few hundred pounds extra income. The key to maximising your profits is to take advantage of as many free bet offers as possible. There are dozens of bookmakers out there, all offering different promotions at different times. With matched betting software, you can keep track of all the offers and find the ones that offer the highest potential profit. For instance, let's say you sign up for a new account with Ladbrokes. They're offering a £20 free bet to customers who place a qualifying bet of £5 or more. You decide to take advantage of this offer by using matched betting. First, you place a £5 back bet on a football match at odds of 2.0. Then, you place a £4.87 lay stake against the same outcome at lay odds of 2.06 on Betfair (you'll need to pay 5% commission on your winnings). If your back bet wins, you'll win £5 (minus any commission) and your lay bet will lose £4.87 – giving you a net profit of 13p (again, not much but just demonstrating the concept!). However, once you've placed your qualifying bet, Ladbrokes will credit your account with a £20 free bet. So now you can use this free bet to make another matched bet – which means even more potential profit. One of the advantages of matched betting is that it's flexible – you can do it as much or as little as you like. Even if you only have an hour or two spare each week, you can still make some extra cash. Matched betting is like arbitrage in finance – it's a way to exploit price differences for profit. In finance, arbitrageurs buy and sell financial instruments in different markets in order to make low-risk profits. With matched betting, instead of buying and selling financial instruments, you're buying and selling bets. It's important to understand that matched betting doesn't involve gambling – there's no chance involved. You're simply using mathematical equations to calculate how much money to put down on each side of the bet. Now that you understand the basics of matched betting and how it can be used to generate low-risk profits, let's take a look at how to set up a matched betting account and start taking advantage of those free bet offers.

Setting Up a Matched Betting Account

Matched betting is a lucrative way to earn money, and the first step towards this journey is setting up your matched betting account - we recommend signing up with Outplayed. It is essential to create a separate bank account solely for matched betting to keep track of your profits and losses accurately. When setting up a matched betting account, you need to ensure that the bookmaker you choose offers free bets to new users. The more bookmakers you sign up with, the more opportunities you have to make profitable matched bets. Many of these bookmakers offer free bets with simple terms and conditions, which can be leveraged for low-risk profits. It is crucial to take advantage of free bets to maximise your profits when setting up a matched betting account. For example, if a bookmaker offers free bets upon signing up, it would be beneficial to use these free bets on favourable matches while laying against them on another site. Signing up with multiple bookmakers is like opening different branches of the same business. Each branch has different promotions at different times, giving you more chances to make a profit. To create an effective matched betting strategy, you must take full advantage of all the opportunities available to you and set yourself up for success by signing up for multiple accounts. While this may seem time-consuming initially, it will ultimately contribute to your overall profitability significantly. After setting up your accounts, familiarise yourself with the terms and conditions of each welcome offer. These will differ from bookmaker to bookmaker and could impact how you approach placing your bet. If you're unsure about anything, seek clarification before placing any bets. Once you understand each bonus's requirements, strategise how you'll use these bonuses effectively. Consider using an oddsmatcher tool or comparison table to compare odds across multiple platforms and maximise your chances of earning profits. Now that we've looked at the crucial steps when setting up a matched betting account, let's dive into optimising your profits by leveraging bonuses.

Using Bonuses to Boost Profits

Bonuses are the bread and butter of matched betting. They give you low-risk opportunities to reap profits without having to use any of your money. When used correctly, bookmaker promotions can be a significant source of income for matched bettors. To start using bonuses effectively, make sure to read the fine print. Each bonus comes with specific terms and conditions that must be met before any winnings can be withdrawn. Some bookmakers require minimum bets or have specific odds requirements, and failing to meet these could result in a forfeiture of the bonus or disqualification from future promotions, such a scenario is common termed ‘bonus abuse’. Keep in mind that while bonuses are an excellent way to boost your earning potential, they should not be the sole focus of your matched betting strategy. It is essential to diversify your approach and consider other options beyond bonuses. One popular method is dutching, which involves placing multiple bets across different bookmakers to cover all possible outcomes of a game. Another method involves looking for arbitrage opportunities where there is a discrepancy between odds for the same match across two or more sites. This method ensures a profit regardless of the outcome. By diversifying your approach and adding new methods alongside utilising bonuses, you will further increase your chances of profitability. Using excellent bankroll management is also crucial when using bonuses since larger bets can be made without risking real funds. A well-managed bankroll will help mitigate losses while ensuring that you're still experiencing continued success even during small dry spells. For example, suppose a bookmaker offers a £50 free bet provided you meet their specific terms and conditions. By laying at an exchange site against this free bet (ensure you check the lay odds), you could get yourself a profit no matter what the outcome may be. Setting up your matched betting account is crucial to harnessing the full potential of matched betting. By taking advantage of the free bets on offer, you can start earning profits right away. Once you understand how bonuses work, you can begin to leverage them effectively for maximum profitability. Remember to diversify your approach and consider other methods like dutching or arbitrage alongside utilising bonuses. Strong bankroll management is also key, so be mindful when placing those high-risk bets!

  • According to the Guardian, as of 2020, there were over 250,000 active users taking part in matched betting in the UK.

  • A survey conducted by The Telegraph in 2021 reported that with careful execution, matched bettors can yield a monthly profit of around £500 to £1000.

  • According to a census from Profit Accumulator, one of the largest matched betting subscription services, their user base grew by almost 200% between 2018 and 2023.

Strategies for Optimal Matched Betting

Matched betting is a technique that can generate an income. However, it requires a thorough understanding of the process and adherence to proper strategies to optimise profits. Here are some key strategies that will help you make the most out of matched betting. One critical strategy for effective matched betting is bankroll management. It involves allocating funds and setting limits on bets placed with individual bookmakers. Generally, you should set aside a budget that is sufficient for placing bets on numerous sportsbooks. You should also consider your risk tolerance and adjust your bet sizes accordingly. Another important strategy is taking advantage of promotions and bonuses offered by bookmakers. These incentives can help boost your profits significantly. However, it’s essential to fully understand the terms and conditions associated with these promotions before signing up for them. Some people recommend changing bookmakers frequently to maximise profits. While this can provide access to various bonuses, it may also reduce the amount of money available in free bets over time. This approach may also require significant research and effort that may not be worth the time for some people. Applying the principles of Dutching in matched betting can help minimise risks while maximising potential returns. Dutching involves placing multiple bets across different bookmakers on the same event to avoid losing money regardless of the outcome of the event. Like an insurance policy, dutching provides coverage against loss while still yielding a profit. With these effective strategies at hand, you're well on your way to making significant profits from matched betting. But first, let's consider the legality of this activity around the globe.

Legality of Matched Betting Across the Globe

Although law governing gambling varies from one country to another, matched betting has gained acceptance worldwide as a legal means of making money from free bet promotions. While the activity may face some ambiguity in certain countries, the general rule of thumb is that as long as bookmakers do not consider it fraudulent, it remains legal. In the UK, matched betting falls under gambling tax-free legislation, meaning individuals are not obligated to pay any taxes on their profits. Similarly, in Italy and other countries, betting companies are required by law to offer free bets and incentives to attract new customers, making matched betting within their legal framework. The legality of matched betting is comparable to that of investment where investors rely on a careful selection process to generate revenue. Just like investing, profit generated from sports trading exchanges and free bet promotions is legally recognised because it does not involve cheating or defrauding anyone. Despite the legality of matched betting in most jurisdictions, some critics argue that it undermines fair play in sports by incentivising people to profit off events they would have no interest in otherwise. However, others point out that this approach helps support the industry by bringing in more customers who might not have been interested previously. Governments have adopted different approaches towards matched betting regulation globally. While some countries lack clear laws or regulations governing matched betting explicitly, others have taken full advantage of the strategy's tax benefits and passed laws protecting it. In either case, individuals undertaking this activity should be familiar with their country's legal framework and ensure that they adhere to its provisions.

Common Questions Explained

Can anyone do matched betting or are there any limitations?

Yes, practically anyone can do matched betting regardless of their background or level of experience. Matched betting is a well-established way of making low-risk profits by taking advantage of the offers and promotions that bookmakers give to their customers. One of the benefits of matched betting is its accessibility. All you need is a computer with internet access, an email address, and some initial staking money. Moreover, there are numerous online resources such as tutorials, forums, and calculators to help new bettors get started. Matched betting has also gained popularity in recent years. In the UK alone, it's estimated that over 4 million people have placed bets in 2020 (source: Statista). Furthermore, more people are turning to matched betting to supplement their income or even as a full-time job. In terms of limitations, matched betting may not be suitable for those with a history of gambling problems or who struggle with self-control. It's crucial to focus on the profit-making aspect rather than getting carried away by the excitement of placing bets. Overall, matched betting is an accessible and profitable way to make money for anyone willing to learn and execute the strategies correctly while keeping in mind any personal limitations.

What tools or software can aid in matched betting?

Matched betting is a low-risk way of making money, and it can be made even easier by using the right tools and software. Here are some of the best ones to enable you to get started. One of the most popular tools for matched betting is an odds-matching software. It scans different bookmakers' websites to find the best odds (back and lay odds) for your chosen event or game. By comparing the odds offered by various bookies, you'll be able to select the best one that matches your bet, maximising your profits. In addition to odds-matching software, there are many other helpful matched betting tools and services available. For instance, you can use a betting exchange to cover all possible outcomes of an event or game, thus reducing your risk even further. You may also use a bet tracker – both as an Excel sheet or as part of an online service – to manage your bets and keep track of your overall profits. Overall, these tools will help make your matched betting experience easier and more profitable. According to research from Profit Accumulator, which provides matched betting advice and guidance as well as an array of matched betting tools, its members on average earn over £1,000 per month. With these software tools combined with dedication and patience, anyone can succeed with matched betting!

How does matched betting work?

Matched betting is a strategy used to make a low-risk profit by taking advantage of bookmakers' promotions and free bets. The concept is simple: you place a bet on all outcomes of an event with different bookmakers, so that whatever the outcome, you will win some money. For example, let's say a bookmaker offers a $50 free bet upon signing up. You can use this free bet to place a bet on one outcome of an event, such as Team A winning a football match. To ensure a profit, you would then place an opposite bet i.e. bet against (or "lay") Team A winning on a betting exchange. This means that no matter what the outcome of the game is, you will either win with the bookmaker or win at the betting exchange. According to recent statistics, matched betting has become increasingly popular in recent years due to its low risk and high returns. In fact, research shows that matched betting could generate up to £1,000 per month in tax-free profits for those who take part in it regularly. However, it is important to note that matched betting does involve some initial risk and requires some knowledge and skill to execute effectively. It is also important to only engage in matched betting with reputable bookmakers and betting exchanges. Overall, matched betting provides a smart way for individuals to make some extra income without having to rely solely on luck or gambling skills.

What are the benefits of matched betting?

Matched betting involves making money through sports betting with no risk. There are several benefits of matched betting, which makes it an increasingly popular choice for individuals interested in earning a side income or reducing debt. Firstly, it's entirely low-risk. With this method, bettors place bets on all possible outcomes of a sporting event to generate profits regardless of the result. This takes away the unpredictability and danger that usually accompanies traditional gambling. According to a 2018 article by The Guardian, matched betting has helped many people earn a decent amount of cash without risking their hard-earned savings. Secondly, it enables bettors to take advantage of free bets offered by any online bookmaker. These bonuses offer extra value, and matched betting ensures they're put to good use instead of being wasted. Thirdly, matched betting improves your financial management skills. With careful tracking and lay betting strategies, bettors can predict their earnings precisely so that they can budget accordingly and manage their finances better. Finally, matched betting opens up new opportunities for avid sports fans who can enjoy watching games more than before - thanks to the extra layer of engagement offered by placing interesting bets on those games. Summing up, matched betting provides plenty of benefits such as lucrativeprofits without risking any money, taking up promotions in ways that benefit you, building strong money management skills and enjoying your favourite sporting events even more - all while slowly but surely increasing your wealth. Reference: The Guardian: https://www.theguardian.com/money/2018/may/30/the-rise-of-matched-betting-how-to-make-a-living-from-beating-the-bookies

Is there a risk involved in matched betting and how can it be minimised?

While matched betting sounds too good to be true, like any financial pursuit, there is an element of risk involved. However, the risk can be significantly minimised by following proven strategies and guidelines. One potential risk in matched betting is the possibility of human error. It's important to double-check all bets placed and use software tools or calculators to ensure accuracy. Additionally, it's essential to stay organised and keep track of all transactions and account details. Another possible risk is bookmaker restrictions or account closures. While this can be frustrating, it's common in the world of matched betting. To minimise the risk, bettors should avoid suspicious patterns and actions that may trigger bookmakers' attention. Finally, there's the possibility of sports events being cancelled or voided due to unforeseen circumstances. However, this is a rare occurrence and usually has little impact on matched betting profits. In conclusion, while there's no such thing as a completely low-risk financial opportunity, following proven matched betting strategies can help minimise potential risks. With careful planning and execution, individuals can earn significant profits through matched betting with relatively low risk involved.

Outplayed (Previously known as Profit Accumulator) vs OddsMonkey

When choosing between matched betting opportunities, both Outplayed and OddsMonkey are legitimate and reputable matched betting services with loyal followings. However, the choice of which one to use ultimately depends on individual preferences, level of experience, and specific needs. Our review provides a detailed comparison of the tools and features each service offers, allowing users to make an informed decision based on their own criteria.

When it comes to choosing a matched betting service, Outplayed (Profit Accumulator) emerges as the clear champion, outshining its competitor, OddsMonkey. Let's explore why Outplayed is the superior choice and why it should be your go-to platform for matched betting success.

Outplayed has taken the matched betting world by storm with its fresh and innovative approach. While OddsMonkey may have enjoyed a long-standing reputation, Outplayed has swiftly risen to prominence, offering a cutting-edge experience that sets it apart from the competition.

One of the key advantages of Outplayed is its thriving community forum. With a larger and more active user base, you'll have access to a wealth of knowledge, insights, and advice from fellow bettors. This vibrant community is a treasure trove of valuable information, making your matched betting journey even more rewarding and empowering you with a network of like-minded individuals, giving you the best possible outcome for success.

In terms of sheer quantity, Outplayed triumphs over OddsMonkey. It boasts nearly 50 enticing sign-up opportunities for sports betting, eclipsing the approximately 40 offers provided by OddsMonkey. This means more chances for you to maximise your profits and capitalise on lucrative promotions. With Outplayed, you'll have an extensive range of options at your fingertips, ensuring a diverse and profitable matched betting portfolio.

Although Outplayed's Diamond Membership plan comes at a higher cost than OddsMonkey's Premium Membership plan, the added investment is well worth it. By subscribing to Outplayed's top-tier membership, you unlock exclusive access to a plethora of casino bonuses. This means you can tap into the potential profits offered by casino offers, elevating your matched betting strategy to new heights.

Moreover, Outplayed's exceptional Trustpilot rating of 4.8 out of 5, with 90% leaving 5 star reviews, speaks volumes about its reliability, outstanding user experience, and unmatched customer satisfaction. The positive reviews from users highlight the platform's ease of use, prompt customer support, and overall excellence. Outplayed has established itself as a highly regarded and trusted service within the matched betting community, solidifying its position as the preferred choice.

While both Outplayed and OddsMonkey are legitimate and reputable options, Outplayed's advantages make it the clear winner. Its larger community forum, extensive array of offers, and access to profitable casino bonuses give you a competitive edge and greater potential for success. When it comes to choosing between these two matched betting services, Outplayed shines as the champion that can lead you to substantial profits and unmatched betting prowess.

Overall, while both platforms are great choices for matched betting, Outplayed is better suited for beginners thanks to its user-friendliness, affordability, and excellent resources.

Which platform is better suited for beginners?

For beginners in matched betting, we would recommend Outplayed over OddsMonkey. While both platforms offer great features and tools for matched betting, Outplayed just edges out its competitor when it comes to user-friendliness and simplicity. Outplayed's clean and intuitive interface makes it easy for even the most inexperienced bettors to navigate the platform. Furthermore, they offer a comprehensive knowledge base with step-by-step guides on how to get started with matched betting. OddsMonkey, on the other hand, has a steeper learning curve and may be overwhelming for those who are just starting out.

Are there any notable success stories using either Outplayed or OddsMonkey?

Yes, both Outplayed and OddsMonkey have notable success stories from their loyal users. For Outplayed, professional sports bettor Ryan Sullivan shared his experience of using their services in an interview with Forbes. He mentioned that Outplayed helped him increase his profits by 30% through their advanced analytics tools and real-time betting alerts. On the other hand, OddsMonkey boasts a long list of satisfied users who have turned their passion for gambling into substantial income. In fact, they claim that their users make an average income of £1,500 per month, with some earning up to £2,000 per month. Outplayed has received numerous positive reviews on Trustpilot, with an overall rating of 4.8 out of 5 stars based on over 2,200 user reviews. In summary, both Outplayed and OddsMonkey have success stories from their users, with clear evidence of profitability and user satisfaction. However, based on our extensive research, Outplayed is the obvious choice!

*Imagery used from data collected in 2019

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