Matched Betting FAQs
Is Matched Betting Legal?
Matched betting is completely legal and has been the subject of features in major mainstream press, such as the Guardian, Telegraph and Huffington Post. Our matched betting guide details yet more proof of the matched betting zeitgeist’s validity. But don’t take our word for it. Check out our reviews on Trust Pilot.
Does Matched Betting Work?
Did you see the six figure Total Profit margin on our home page? Could this many Premium Members be wrong? Not only does matched betting work, the tutorials and examples we provide.
How Much Money Do I Need to Get Started?
In our How It Works example of making £15 in 15 minutes, the example video reckons an initial investment of £45 can get you started. A bigger bank can get you moving faster, so it’s a speculate-to-accumulate situation. Only with no need to really speculate, as our profits are risk free and guaranteed.
How Much Can I Make?
How long is a piece of string? Or, more importantly, how much do you want to make? Average matched betting activity of 30 minutes to one hour per day can yield £500-£1,000 per month. But there is no official ceiling to the amount you can make. Like most things, you get out what you put in.
How Much Time Do I Need to Dedicate?
It depends what you want to get out of it. The more you put in, the more you get out. You can dip your toes in at the weekend and still make £100-plus. Or you can be active every day and bag £1,000 per month. The more activity you create in your bookies’ accounts, the more likely it is those bookmakers will send you extra Free Bet offers. And then the more profit you will make.
Do I Need Betting / Sport Experience?
No and no. Plenty of Yesbets members aren’t even interested in sport. Just as many had never placed a bet in a bookmaker in their entire lives before they began their matched betting adventure. What unites Yesbets members is a desire to make tax-free, risk-free cash.
How Matched Betting Works
Welcome to the jungle. It might sound wild, but with some insect repellant, plenty of water and a few tins of tiger food it doesn’t seem so daunting, does it? The same is true of matched betting. You’ve seen our site or heard about Yesbets from your friends. But you want to know more. Crucially, you want to know how it all works.
Just hit the £1000 profit mark. Not bad for 30 mins work a day since April! Having a bit of fun and a laugh along the way! Cheers Daryl and Mark what a great return on £150 start up....
Kev’s story is very familiar. If you check out the Yesbets Facebook page you can see scores of testimonials just like it. The good news for all of us? It’s easy and anyone can do it. This is your step-by-step guide to making this kind of money from matched betting.
The Matched Betting Process
Step one, place a back bet. Step two, place a lay bet. Step three, collect profit from bookmaker free bet bonuses.
Okay, so that’s matched betting in a nutshell and an example of how easy the concept is. Let’s crack the shell and investigate what’s inside.
When we say place a back bet, we mean placing a bet with a bookmaker for an outcome to happen. For example, we bet that West Ham will win.
Placing a lay bet involves placing a bet with a betting exchange against that same outcome. i.e. West Ham won’t win.
So we’ve made bets that West Ham will win and that they won’t win. Now, if we’ve covered both eventualities like this you would imagine that they would cancel each other out, right? Well, pretty much. We might make a small loss on this initial bet, depending on the odds with the bookie or the exchange.
So how do we make profit from that?
Our profit comes from the free bet bonuses that bookmakers offer to entice people and attract new customers. Or punters, to give them their industry term. To keep punters punting, bookies offer them extra bonuses, called reload bonuses. With some simple management of our bookie accounts we can constantly take advantage of these bookmaker bonuses, allowing us to earn continual tax-free profit for, as in Kev’s case, about 30 minutes work per day.
The Perfect Example
Sounds simple, right? Want to know more? There’s nothing like an example to show you just how straightforward the whole process is. Let’s use the first sign up offer we recommend to new customers - a matched bet with Coral - to whet your whistles. We call it the £15 in 15 minutes tutorial. And with good reason.
So matched betting requires two bets - one for an outcome and one against that outcome. We used the West Ham example earlier, but here we’re going to spread the roleplay around Europe and make an example of Napoli. So to speak. (In fact, this could be any team. It just so happened that Napoli versus Inter was a game that gave us the best match. The Yesbets OddsMatcher always gives us the best possible matches and odds.)
So, in our example, to make £15 in 15 minutes we need to place a back bet at Coral that Napoli will win. This is called match betting - betting on the outcome of a match within 90 minutes. We could back either team to win or we could back the draw, and in an exchange we could lay any of these outcomes. But for now, let’s stick to backing Napoli to win.
1. Open A Coral Account (Two Minutes)
At Coral we will receive £20 in free bets when we join and make a bet of £5. So we sign up for an account at Coral - filling in our details takes about two minutes - and deposit £5.
2. Open A Betfair Account (Two Minutes)
To complete the matched betting process we also need to place a lay bet, which we can do through a betting exchange. Betfair is the largest betting exchange in the world, so not a bad place to start. Signing up for a Betfair account takes about the same time, but we need to deposit a little more. We can start our matched betting adventure for as little as £40.
3. Placing Our Back And Lay Bets (Two Minutes)
The Yesbets OddsMatcher is telling us to back £5 for Napoli to win at Coral, and lay £5.12 against Napoli to win at Betfair. We will actually make a loss on this bet of £0.14. The “Go To Coral” and “Go To Betfair” tabs fire us across the Interweb to Coral’s and Betfair’s relevant betting pages. Once done, we hit “Confirm and Save” in the Yesbets Betting Calculator window to save our results to Betfair.
4. Rinse And Repeat
Now, having qualified for the £20 in free bets from Coral, we simply repeat this back and lay process. This time, though, we’ll be placing our back bets for free, so we’ll make guaranteed profit on each one. The Yesbets OddsMatcher will show us the best possible matches to give us the maximum amount of profit from this offer. There are hundreds of online bookmakers, so we rinse and repeat the process for all the other bookies, too. And then we can hit the reloads until we’re blue in the face. Or rerad. Or yellow and green stripes, for that matter.
What Is Matched Betting?
Matched betting is betting on two opposite outcomes of a sporting or cultural event to lock-in profit.
Put simply, matched betting is betting on two opposite outcomes of an event. It might be a sports match, football game or horse race. It might even be a cultural event, like who will win the X-Factor.
There you have it. Off you go.
Only, you probably have several questions. Which is fine. I’d certainly have questions if you introduced me to a subject that I’d never dug into before.
Like, “Why matched bet?”; “How does matched betting work?”; “What do I need to do to ensure I make a profit?”; “Who matches bets?” Among numerous other questions, thoughts, feelings, hopes and dreams.
The feelings are gratefully shared. The hopes and dreams can be nurtured along the way. But the questions we can definitely help with.
Let’s start with a big one.
Why Matched Bet?
We matched bet to minimise our chances of loss and earn risk free, tax free profits.
Bookies are reviled as having a “license to print money”. 16% or more of all racing income goes straight to bookmakers profits. It’s impossible to beat the bookies. Or is it?
Enter matched betting like a betslip-wielding Zorro.
Betting on two opposite outcomes surely means we can’t lose? Well, depending on the match or the race and the odds, of course. Should the lay bet odds be lower than the back bet odds, we can certainly make instant profit.
But hold your horses, if you’ll pardon the pun. We’re getting ahead of ourselves.
Back Bets & Lay Bets
We said that matched betting is betting on two opposite outcomes of the same event. This could be a football match, a horse race, a game of tennis. It could even be a cultural event, like which fame-hungry warbler will win the X-Factor.
In order to do this we need to place two bets - back bets and lay bets.
Back bets bet for an outcome, say England will beat Germany. lay bets bet against that outcome. England won’t beat Germany.
This is not the same thing as betting that England will draw or lose. It’s betting that England won’t win.
We place back bets with bookmakers. Any bookmaker you like - there are scores of them. But bookmakers don’t take lay bets. We must place lay bets at a betting exchange, like Betfair or Smarkets.
And that’s not all. The bookmaker and the exchange will have different odds. We need to compare these and make sure that they work in our favour to make profits.
Does this sound complicated?
It would be. But that’s where matched betting software comes in. The OddsMatcher provided by the likes of Odds Monkey searches thousands of markets for the best matched bets, based on our parameters, and shows us how much to bet and where to bet it.
So, we want to bet on England against Germany. Let’s say we want to bet £10. We enter these terms into the Yesbets OddsMatcher and it returns all of the markets we can bet on.
By markets, we mean various different aspects of a game that we can bet on. Football has hundreds of markets. They include the outcome of the game, whether or not both teams will score, who will score, correct results, and so on.
For example, take Manchester United’s 2016-17 Europa League Quarter Final against Anderlecht. SkyBet offered 128 separate markets just on this one game. And that’s only one bookmaker. Now imagine yourself with a pen and paper trawling through all of those markets looking for the right matches and odds. And then doing the same for the betting exchange to place your lay bet.
You just wouldn’t do it. You wouldn’t have the time, the patience or the inclination.
But the OddsMatcher searches all of those possible outcomes for us in a heartbeat. This makes our search for profits not only super-quick, but also super easy.
How Do I Make Profits?
This is the key question. The nitty gritty. It’s that point in the conversation when it’s time to talk about money. Because that’s precisely what we want to make from matched betting.
We now understand the matched betting principle. We know we have to place bets on two opposite outcomes of the same market. Any market we choose.
As we hinted earlier, if the lay bet odds are lower than the back bet odds, we can make a small margin of instant profit. The Yesbets OddsMatcher will tell us exactly how much we’ll make from these bets.
But it’s not little profits we’re after. It’s big profits. These come from bookmakers who offer us free bets when we join their sites - Sign-Up Bonuses - or free bets to keep us returning to their sites - Reloads.
When we match these free bets up with the OddsMatcher we are making instant profit. Why? Because the money we are using for our back stake is free. Say a bookie has given us £20 for opening an account with them. We use these 20 notes for our next back stake. Result? Higher profit margins. Even if that particular bet makes a small loss, it still makes a net profit because the money we’re backing with didn’t cost us anything. Multiply these free bets by how many online bookies there are and we can see just how much profit there is to make, thanks to the matched betting principle.
How Can Matched Betting Work
It’s easy. Matched betting works because online bookmakers want to keep us betting. They need us to keep betting on teams, races or matches, because that’s how they make their profits.
To ensure they keep us coming back, they need to keep offering us free bets - Reloads.
It’s like that new restaurant that’s opened up in town. Sam’s. There’s an initial fanfare. Everyone’s talking about it. It’s booked up for weeks. But then things slows down. The novelty is gone. There are other restaurants in town, after all.
So to bring fresh appeal to its customers Sam’s decides to run a promotion. Or to change its menu. Or to post delicious pictures of its meals on social media and try to recapture that buzz that it enjoyed during the first weeks of being open.
Bookmakers are the same. They want us to keep coming back, to keep placing bets, to keep funding their profits.
But with matched betting, we aren’t funding their profits.
We’re funding ours.