How to Use Matched Betting to Make Money

If you’re looking for an easy way to make money from home, matched betting may be the perfect choice for you. The concept is pretty straightforward; all you need is a betting account and a bookmaker in another country to take your bets. When you place a bet on a Soccer game, for example, the bookmaker will match your wager, provided the odds are in your favor. Matched betting allows you to take advantage of mismatched odds in a foreign land, all while keeping an eye open for the latest football scores back home!

Get A Betting Account

The first step to matched betting is to open a betting account with a reputable bookmaker. Some bookmakers may even allow you to open an account with them without requiring a credit card, but you must request this option when setting up an account. Having a betting account is key to successfully matching bets in the future. If you don’t already have one, you can easily get a free betting account from online booking agencies like [b][bold][blue]1st [b]etting [red] and [green]Sage [red]Bets [/green]. You can use these sites to get the best combination of betting offers and bonuses, without being tricked by scammers. Open the account and make sure to generate a password so you can access your account information and place winning bets. Remember, keep your betting account secure at all times. Scammers often try to trick bettors into disclosing personal information or giving away bank details.

Choose Your Bookmaker

The next step is to pick your bookmaker. You may want to consider the following when choosing a bookmaker to partner with:

  • Credibility: how reputable is the bookmaker? Is the site a scam or a trusted source for sports betting?
  • Offerings: what sports are they offering?;
  • Tracking: how easy is it to check the odds?;
  • Mobile: can you access the site easily from a mobile device?;
  • Uptime: how reliable is their server, so you can place bets and check odds?

You may want to avoid bookmakers that are too new, as they could still be adjusting to the requirements of a viable sports betting operation. Instead, look for established bookmakers who have been around for a while and can be trusted to provide a reliable betting service. You should also check to see if the bookmaker is member of [b]the [green]Betting Association[/green]. If the bookmaker is a member, you can rest assured that they are committed to providing top-notch customer service. Finally, make sure to read reviews online or at the very least, visit the bookmaker’s website to get an idea of how others feel about their service. You can also find reviews at [b]Sage Bets[/bold] if you’re using their service to place bets.

Study The Spreadsheet

The chances are, you’ll be looking at a spreadsheet on your computer or mobile device to place your bets. It’s important to understand how these calculations work in order to get the best possible return on your investment. The first step is to open the spreadsheet in a text editor such as [bold][blue]Microsoft [b]Word[/bold] or [green][Sage][bold]Bets[/bold]. This will assist you in finding any errors or omissions in the data entry stage, before you get too far into the project. This is also a good time to make any necessary corrections to fix typos or grammatical errors.

The next step is to enter the odds of each team prior to the match, either manually or using one of the many free betting calculator apps for [blue]Android[/blue] or [red][bold]iOS[/bold] devices. You don’t need to enter the spread for every game, as you can always get the latest odds from a bookmaker website before placing your bet. For example, if you care to place a bet on the NHL’s [green][Pittsburgh Penguins] vs [blue][Boston Bruins] game this coming winter, you’ll already have the correct odds to enter manually.

Entering the spread for every game manually is a tiresome process and leads to many errors. Instead, use one of the many free betting calculator apps out there to do the work for you. For example, the [green]Sage Bets[/bold] app for iOS devices is a great tool for use in this stage, as it assists you in entering the spread for multiple games at once. Once you have all the spreadsheets entered, it’s time to put them to use.

Choose Your Strategy

The last step is to choose your strategy. There are many different ways to use matched betting to make money, so you’ll want to consider what you’re comfortable with. The most important thing is to find a strategy that works for you and stick with it. You might want to use a [blue]bicycle [b]trellis[/bold] strategy (try to place winning bets whenever possible on teams running in circles) to maximize your chances of hitting a home run or using a [green][Sage]Bets[/green] strategy (bank on the fact that underdogs will win more often than not) to minimize your financial risks. Think about what you’re looking for and don’t be afraid to ask for help, if you’re not sure which direction to take.

To help you get started, here are some [b][bold]general[/bold] guidelines for using matched betting to make money: