Ways to Make Money Matched Betting
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The best way to make money matched betting is to complete as many offers as possible. We take advantage of multiple offers and as many different strategies as we can.
If a bonus promotion (such as a reload offer) offers you free cash for placing bets, then snap it up as it will be perfect for matched betting.
We will look at the bonuses that work well with matched betting in this post.
Remember that each type of promotion or bonus may work very differently for each bookmaker, but this guide will pinpoint a few ways we can make money with matched betting.
Welcome Bonus
A welcome promotion or ‘sign-up offer‘ will be the first bonus you enjoy when getting started matched betting. These offers will most often be a standard ‘Bet X, Get X’ type offer.
You will place qualifying bet/s, and then, after triggering free bets, you will match these to earn your profit. See our post on getting started in matched betting for more detail on this.
Reload Bonus
There are plenty of ways to make money matched betting after welcome offers but reload bonuses will probably be the best route to go in the first instance (they never really go away).
Reload offers are the best way to secure week-on-week out profits (after the first few months of completing all of the many welcome offers).
Following the offer guides provided in your matched betting site (we review them here if you haven’t signed up o one yet!), these spring up each week and do not take long to complete. The trick here is not to be concerned at the small profit for each offer; they soon add up!
When you don’t use an online bookmaker for a while, you will often find that they want you to start placing bets again rather desperately!
Bookies will begin to send extra bonuses to you by email, typically in the form of a reload bonus (i.e. top up your account, and you will get a free bet back to the x value – often the same value as the qualifying bet).
Regular Promotions at the Bookmaker
Other ways to make money matched betting include regular promotions from popular bookmakers.
Every bookmaker will have a massive list of promos on their site. Go through them. Some may give you extra perks for betting on specific sports. With some online bookmakers, these bonuses can change daily.
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Free Spins Casino Offers
Most bookmakers will have an online casino attached to them too, which means you will get some relatively decent offers for that. Not all Casino offers will be interesting, but you may want to check out some of the free spins offers.
You won’t always make cash with the free spins, and you can’t technically ‘match’ them, but it is a great way to add a little bit of a boost to your account.
Your matched betting site will have an entire dedicated area for these offers, and it’s essential to follow the guides closely. You can select whether you want only to run guaranteed profit offers or look for risk-based offers with positive EV (expected value) in the long run.
Early Payout Offers
Some bookmakers will offer early payout on some bets. These can be lucrative offers.
The most popular of these is the 2up (Early Payout) offer. Simply put, we profit from this offer when the team we back go two-nil up and then lose this lead.
The most profitable situation is known as a ‘full turnaround’. This situation occurs when the backed team (after leading 2:0) loses, we earn big because we have earned money with the bookmaker (at 2:0 with the early payout) and then with the lay bet at the betting exchange (such as Smarkets).
You will often find this offer running with bet 365 and Paddy Power. Early payout usually relates to soccer games, but tennis is also possible. We have a complete guide to the 2up offer here.
A similar offer is the ‘bore draw’. Like 2up, we can profit if the game ends 0-0. See our bore draw guide here.
Extra places payouts on certain horse racing events is another popular offer similar to the early payout offer, which we explain in our complete guide here. The promotion can be incredibly profitable at horse racing festivals such as Cheltenham!
Ways to Make Money Matched Betting - Final Thoughts
We are just scratching the surface when making money with matched betting. Seriously. Once you start diving into the wealth of bonuses available, it will thoroughly shake up your experience.
We suggest that you use your matched betting site (we review the best ones here) to keep tabs on the latest promo offers from online bookmakers.
On our site, we will keep sharing advice to ensure you can still win, even with the more complicated aspects of matched betting.