How much money do you need to start matched betting? Can you start matched betting with only £10?
We explain elsewhere what matched betting is, explain how it’s legal, and how through simple precautions, matched betting should not go wrong and provide you with other beginner guides and tips and advice. But here, we ask – how much money is it best to start with?
In this post, we will look into how valuable matched betting is and discover that you can start that journey with as little as £10.
It certainly is not impossible to make headway matched betting with only £10 / under £50, but it might make more sense for you to start with a little bit more money.
With simple matched betting, we take advantage of the free bet offers regularly provided by bookmakers to make money in a risk-free, guaranteed way. We extract profit from free bet offers using simple maths, online calculators with spreadsheets and profit trackers.
We use a matched betting service as this is a no-brainer (we compare them here).
Unlike gambling, there is no winning and losing an overall bet since we cover all outcomes. See our guide to simple sports matched betting.
Matched betting is generally considered risk-free and based entirely on applying mathematical equations rather than relying upon chance and prediction.
There is little barrier to entry with matched betting. You can set your initial investment as low as £5 or £10.
Starting with a low amount of money means taking longer to earn your profits and making it harder to get stuck in thoroughly.
Can you Start Matched Betting with only £10? How Much Money you Need to Start Matched Betting?
To start matched betting, you need to deposit money into bookmaker accounts and place a bet or several bets to trigger the free bet offers. Beginner offers (see our step-by-step guide to your first offer) therefore require money, which, although not at risk, will be tied up as you work your way through them. For example, a matched betting promotion of bet £10 get £20 means you must register with the bookmaker and deposit (at least) £10.
You also need to sign up for a betting exchange account, such as Smarkets, and you will need a minimum balance to lay your bets and cover your liabilities.
Why you Should Consider Starting Matched Betting With at Least £50
It may be best to consider starting matched betting with at least £50, as It takes longer if you have to wait for one or several bets to settle before making further bets, but you can start with very little money and still earn a great deal of profit in the mid to long term. About £50 – £100 should be sufficient to get the ball rolling in terms of fair profit.
As you build up your experience of matched betting, so your bankroll will also build. Consider keeping your profits as part of your operating money for matched betting. You will need to have a larger bankroll to complete the more advanced offers you will come to after completing the welcome sign-up offers and reloads.
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Start Matched Betting with More Money if this is an Affordable Option for you.
It’s important to split this balance between your exchange and depositing in new bookmakers (or new reload offers). It’s important to know that depending upon results from matched bet; your money can move around from the bookmaker and exchange, meaning you may need to redeposit or move money around frequently.
Some consider a separate bank account or e-wallet for matched betting to avoid constant gambling like transactions on your bank account.
There are several other reasons why starting with a bigger bankroll can be advantageous. As we have mentioned, it is important to move money around so having access to more cash makes this easier.
For those who start matched betting with a relatively small bankroll and find that the bets you place at the bookmakers often lose (this makes sense when for free bets as we actively look for high odds to maximise our profits!), your money will often find its way to your betting exchange account. With only small amounts of cash available, you may need to withdraw this amount for another sign-up offer, which is likely, therefore, to slow down the speed at which you can progress.
A small bankroll can feel limiting once you gain experience, as by then, you will want to place multiple bets simultaneously or in the same footballing weekend or racing event.
You can increase your bankroll faster if you start with a reasonably high amount at the beginning.
If your back bets often win, you may feel uncomfortable withdrawing cash from bookmakers early on if you still want to take advantage of these as you go forward (it might also help to avoid the risk of gubbing).
How Much Money Do You Need to Start Matched Betting? Final Thoughts
It is certainly possible to start matched betting with as little as £10, though £50 is a much more manageable minimum.
Even though you can start with very little, it makes sense to start with a little more if it’s possible for you. We suggest that £200 is a comfortable amount, to begin with, allowing you to complete multiple offers from the get-go, with some degree of comfort.
Your bankroll doesn’t limit how much you can earn, but it does play a big part in how quickly you’ll be able to make progress.
Can you start matched betting with only £10? Yes, but the higher the bankroll you’re able to start with, the easier you should find starting with matched betting, and the larger your week by week profit will be as you progress.