Matched betting is a game where you make wagers on the outcome of real-life events. The events are set in stone, but the results are not. You will usually place a wager on whether an outcome will happen or not, and if it does, you win the amount you laid out; if it doesn’t, then you lose your initial bet.
There is no set formula to how much you can make through matched betting, but it is definitely possible to earn large sums of money from this strategy. You will just need to stick to it and follow the general rules set out below.
Create A Bank Account
One of the first things you will need to do to make money with matched betting is to create a bank account. This is a must because all your wagers are tied to the bank account that you hold. You cannot use a check or PayPal account to perform matched betting, as this is not regulated as a bank account. You will want to utilize a traditional bank account for this strategy. Some of the more popular banks that allow you to open up an account simply for matched betting are:
- Penny Stocks
- First Interstate Bank
- SunTrust
- BB&T
- Citibank
- Wells Fargo
The great thing about these banks is that you can usually open one up with excellent rates and no minimum deposit (for those of you who are interested in playing on the stock market).
Choose Profitable Stocks
The next step is to choose stocks that you think are going to do well. This is more difficult than it sounds because you do not know which stocks are going to be the ones to make you money. You can use a number of tools to filter out the best performing stocks from the worst. Two of the most popular tools for this are:
- Fletcher Jones Market Sniper
- Fletcher Jones StockScripter
For those of you who are new to the stock market and want to limit your risk, Fletcher Jones is a great choice because it uses a variety of statistical signals to determine the most profitable stocks for you to invest in. StockScripter is similar in that it uses a variety of metrics to show you which stocks to purchase. Both of these tools are great because they remove the guesswork from selecting profitable stocks by doing the research for you.
Stocks that are high in demand and generate good revenue are considered to be profitable stocks. You want to avoid buying stocks that have a low share price and are not particularly popular. When you find a profitable stock that meets these criteria, you should consider purchasing it. Never mind the fact that it might be considered a boring stock to invest in, as it is bound to go up in value eventually. This is because investors see a lot of potential in these types of businesses.
Buy When The Market Is Poised For The Entire Stock To Increase In Value
When you purchase a stock, you are purchasing a piece of a company. This means that even if the company is not doing well, you could potentially lose money on your investment because the stock is going to decrease in value. To avoid this, you must wait for the market to digest the bad news presented by the company before making further investments in this stock. In some cases, this could take months or even years. You do not want to make rash decisions when it comes to your investments, as this often leads to bad outcomes. The key is to buy stocks that you think will go up in value over time, even when the market is not doing so well.
Diversify Your Bets
In order to maximize your earnings, you must always try to get several outcomes right. This way, you will win even when the majority of the bets you make lose. Diversifying your bets is not only beneficial because it adds another level of security to your investment, but it can also increase your winnings. All you need to do is pick your spots carefully and make the right wagers and eventually, you will start seeing great returns on your investment. You can use a number of tools to make this easier, such as:
- StockTwits
- Dan Miller’s Random Acts of Research
- Random.org
All of these tools allow you to place bets on a variety of different stocks and sports, which means you will have a greater chance of winning. When you start seeing some great results from your investment, you will be more than happy to keep at it and continue making smarter wagers.
This is not to say that you should blindly follow any strategy you find online, as this is often the case with new investors – something you should avoid at all costs. Before you start investing, it is advisable to speak to someone who is professionally invested in the stock market. This is because there are a lot of pitfalls that new investors can fall into, which can cause them to lose a great deal of money. If you follow these guidelines, you will be able to make smarter decisions and put yourself in a position to earn large sums through matched betting.