MATCHED BETTING BASICS - STEP BY STEP TUTORIAL with OddsMonkey (How I made £2500 TAX FREE in 3 mths)
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- Опубликовано: 1 авг 2024
- I made £2500+ using Matched Betting in 3 months TAX FREE once I understood that this was not gambling but instead ensuring a profit using FREE BETS. I'm showing you step by step in this video how to use OddsMonkey to do the exact process I used.
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Thank you to OddsMonkey for access to their platform and sponsorship of this video.
Timestamps
00:00 Intro & Background Information before getting started
00:41 What is Matched Betting explained
10:41 A Worked Example using OddsMonkey
16:17 How to play your Back & Lay Bets
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Very well explained. Thanks for the advice :)
Glad it was helpful!
I made 3k from matched betting while on maternity leave. My advice is to track everything how much your betting, how much you are making, offers, log all of your passwords and sign ups.
That is great advice completely.
You should make a video detailing best/most efficent way to do it
This is by far the most useful video I’ve ever come across of match betting. Amazing! Such a clear explanation xx
Glad it was helpful!
Hiya there mamafurfur. I've just started match betting and I've made a good sizeable profit . But I also made a couple of mistakes but with your video. It's made it easier for me to understand and thank you for making clearer for me 👍👍
I am looking at being more money smart this year, your videos are great and easy to understand.
Just placed my first 3 bets, the hardest part was just doing it, I spent so long learning about it before just taking that first tutorial bet. It’s easier than it looks.
How are your profits looking?
This is by far the best side hustle in the UK
The best video that i found on matched betting, noone else couldve explained it simpler! Thank you very mich!
Glad you liked it!
This is very interesting, thank you very much, this was one of my 2021 wish list to learn and do matched betting. Great video, you have explained superbly, now it is up to me to put the learning into practice 😀
Glad it was helpful!
Thanks for sharing, I hear "matched betting" a lot on social media so this is very helpful :)
I'd honestly never heard of match betting until now. Great info, thanks for giving an overview of this- will definitely look into it more!
Hi Jen great video I’m going to do this over this year hope you and your family are safe and well x
Thank you! You too!
How’s it going? What’s your profits like Tom.. or did you just end up procrastinating lol
Thanks so much for this super clear video! Going to do those tutorials and more research before I give it a go
Mamafurfur u absolute legend!! simply wonderfully explained. thank you bab
Happy to help!
Thank you! I've just test + so I'm isolating for 10 days. This is going to be my project while I'm stuck inside.
Wishing you a speedy recovery to full health.
@@JenniferAMThomson Thank you. I'm out of isolation tomorrow so can be with my family again. I made £49 with my first attempt at matched betting. It's actually amazing. Thanks for taking the time to help us all and stay safe, you've to millionaire to make!
The best video on this topic. I wasted so much time watch other video and finally I understood how works to make profit out of match betting. Thanks!
Glad it was helpful!
Thank you , I’ve made £100 in my first 6 sign ups . So pleased .
It just gets easier the more you do x
Yes I agree with the others. Write down all your logins and passwords . I have a page per bookmakers. One for the qualifying bet and one for the free bet . X
On excel?
Hi, maybe you can tell me (I've gone through some of the comments and haven't found what I was looking for). So basically, you have to create a new user account for all those websites pretty much every day to place qualifying bet followed by free (bonus) money bets?
Thanks for posting as I've been looking for something like this.
Wow this is a game changer! Will need to watch the video a few times to make sure I get it right lol Oddsmonkey look solid though
Hope you enjoy it!
I did try this and it does work but I think you have to focus hard to make sure your lay bets are correct!
You are right!
J'ai vu la vidéo et j'ai aimé ! 👍
Thank you. I started previously through a match betting site and was good then I stop but going to start up again.
Which website? x
Great explanation, Jen. I really enjoyed matched betting when I tried it. I put it on pause as I was buying a house, and was worried on all of the gambling payments leaving my bank account, however, I plan to get started again very very soon. Gary.
That's a good point Gary - so when I did Matched Betting I used a "Skrill" account that allowed the money (kind of like Paypal) to move between the exchange and sites without it going via my bank account.
@@JenniferAMThomson I really should have done this! Makes perfect sense, trust you to be so organised as always. Thanks for the idea, Jen. Hope you guys are all well. Gary.
@@JenniferAMThomson ooh. Nice little extra tip!
very well presented. so technically if I opened account all bookies, eventually I run out of accounts being "new customer" right ? and then thats the end of this system.
Thank you for the video. I have a question, on my Betfair account I have the following message when I try and place my lay bet "You do not have sufficient available funds to place these bets or you have exceeded your exposure limit. Deposit now". Im sure I have enough money deposited in my account so i just wondered what the exposure limit means? Thank for your help
Hi MamaFurFur. Did you ever use the 2up strategy? Could you possibly do a video which explains this? It's easy to get too advanced too quickly and just end up confused and giving up
I noticed this promotion is only available to persons in the UK/Ireland. Are there worldwide "Matched Betting" available & who do you recommend?
Do you have any feedback on using Ameritrade when based in the UK?
Hi I need to set up betfair but this also has a new customer offer ! Can I still set this up to use on my coral qualifying bet ?
Something I’ve thought about for a while. Maybe I’ll give it a shot once I’ve refinanced to take some cash out of my BTL. 💰💰💰
Thanks for the advice, what was the initial amount you invested?
I never really used a bookies much before and never an exchange. Now have an unmatched bet on. What happens with this?
Great video !!! but if it will come draw at the last match with Grisby ? At the final It's not means that you are loosing your 3 times real money? ( Qualify at ecoro and the 2 times at Betfair ? )
Thanks for the well and vivid explanation. My question is... Can I do matched betting using the Matchbox Exchange since Betfair is restricted in my country.
I'm not sure on that one I'm afraid.
Thank you for this.
Great video, many thanks !
Glad you liked it!
Thank you well explained
Glad it was helpful!
can i do this if im from outside UK?
Great explainer video, for another user reference after 3 months the profit was £450 spending probably an hour a day setting things up. Not sure how £2500 is possible in 3 months, perhaps the free bets were more generous back when you did it.
Yes thank you for sharing that. So this was a few years ago when we had the Euros mainly happening and offers were constant at that time. I put in probably 8 hours a week for the few months.
depends on starting cash flow and if you do reloads
Hey Jennifer, I’m a matched better and have been for a wee while. I understand your ethics and appetite for charitable giving are strong which is great! I’d love to hear your view on the ethics of matched betting and what you’d say to anyone who might say it’s harming an industry. I ask because I’ve seen articles relating to the betting industry side, I’ve also had questions raised from others I know on the activity. Thank you
This is a great question - I was very precise in my wording at the start and throughout this video that if any aspect of matched betting would cause misuse to not consider it as a way to make money at all - I did it for a few months and shut down all accounts once I decided to stop as I understood the process and the purpose of using the sites.
With Matched betting you are using maths and exchanges to guarantee profits every time to you as the user so not "risk taking and gambling on one outcome with your money" unlike how the sites normally want you to interact with them, but that also means you are setting up accounts for one part of it with the companies and placing money in to them (giving them business) so not causing them any lack.
Same strong advice as I would give when Investing in the stock market, you need to know what you are doing and also be sure you will not misuse or be lead to misuse your time or money before doing anything. If some feel that it isn't fair to the industry using free bets in this way to profit, I can respect all arguments but can only go from my own experience of doing it and the process where I didn't see this as happening.
Can I bet like 50/100 on the back bet agisnt the free 20 lay. I'm looking to make like 100 a day or so...
Sadly, I can't registrate for Coral, that's only for Uk&Ireland residents.
Hi thanks for the very informative video. But just a question. Once I used my free bet and get my first profit, what will I do next? Do I still have to use the (free bet snr) for my calculations for the succeeding bets? Thanks
Hi there - no you would repeat the entire process with your next offer depending on the nature of it. Place a qualifying bet to get the promotion then use a free bet to make profit. If you are in any doubt though, please do read up further so you understand all the details before placing anything so you do not lose any money in the process.
brillant..thanks
Thanks for this video; I've been interested in this for a while and you're the first person I've seen explain it so I actually understand how it works so thanks!
Do you know if football games are still on during the lockdown? If not I'll wait until they start again before I give it a go.
If you haven't started yet I would wait until next week as it is international break for footie this week
Hi - how do you know much to put on the lay bid?
Video showed you when using the calculator...
Hi, I did matches betting back a few years now, but found that exhausted the free bets .... do you just have to wait for them to come back around again or something else? Not sure how you can do it over a longer period of time. Thanks
reloads
Sorry very New to MB just a quick question Coral says 4 x£5 free bets so can use the £20 for one bet or have to go through the process four times. Thanks for the video just subbed still cant get my head around it.
You would do the process four times using the £5 bets. If you are using Oddsmonkey or another help platform they usually take you through the steps thoroughly too.
Hate to break it to you but backing rangers and then laying Celtic and the draw is exactly the same thing. If it’s Celtic or the draw the back on rangers loses as does the lay bet . What you want to do is back rangers on the sports book and then lay them on the exchange triggering (normally) a small loss to gain the free bet
When you make your profit from the first matched bet do you reinvest it into the same site or move onto the next website?
Move onto the next offer, same website or not.
Hiya, roughly how many hours did you spend over 3 months to reach £2500?
So for matched betting are you limited by the number of bookies there are - you can only do it for introductory offers? So once you’ve gone through them all you can’t keep doing matched betting? I’m sure I’ve heard of people doing matched betting long term.
This is my question too🤷🏻♀️
Lots of bookies have reload offers for existing customers, but if you're just exploiting those offers they can ban you so better to place the odd real bet on there
There's only so many online bookies, and I guess as you work your way through all of them, that's where your matched betting side hustle operation starts to dry up and comes to an end? Because these free bets that appear on offer are presumably just for new customers..
You've got reload offers and arbitrage bets that you can still do. One good arbitrage bet can make you more than the sign up offer
I understand each step and how you earn profit off the free bet. But after the sign-up free bet has been used, where do you go next? Do you have to continue making accounts on different bookmakers?
I've read that customers get reload offers, but how many of these do you get and how often?
I'm struggling to see how you could make 'decent' profit from this daily, because it seems unlikely you'll get a free bet every day.
Could anyone explain please!
Once u have used up ur free bets to make profit , u open another account with new bookmaker
Hello can you do this on your phone
there are not many bookies who allow you to use the say £30 free bet all at once. They expect this free money to be split up into smaller units, what are your thoughts on this ?
They usually split £30 into 2 £15 free bets, but you can just put those on the same event one after the other. Doesn’t matter whether it’s 2 or 1
I have made a couple of grand too. Still doing it but bookies do get wise to it after a while and restrict your offers. You can make good money though.
How can you stop them from clocking on to you quickly?
@@akali83 Place a random matched bet every now and again that doesn't have any free bet incentive. You're likely to lose a few pennies, but it tells the bookies that you're not just interested in free bets 👍
Hi, that’s a good amount! How many hours do you reckon you put in to get this amount? I am new to this and curious. Thanks.
Hi MamaFurFur just found your video, i started match-betting about 20-days ago, the bets that i find hard are the Accra bets they confuse me with back and lay
This began slow and easy to understand then halfway through I couldn't follow it
I need an idiots guide
Do The Companies Tell You The Bets To Place?
Can you keep doing this or is it a one off?
Hi can you make money without using free bet offers by using your own money?
So if I use coral, how many times can I do this ? For example... Can I do these bets 5 times a day every day ? ?
No, you get the free offer just once
Is this available in Australia
How much time would you expect to spend on this to make it worth while? Say you started with £100, how much time would it roughly take to be at £100 profit?
I found I made my £100 back within a few weeks based on doing around 5 offers as a new customer, but that was when sporting events were normal and every week. It really depends on the sign up offers at the time and potential profits I'm afraid.
@@JenniferAMThomson fair enough, thanks for responding. Assuming you were working full time, is this something you were doing in quick sessions as new offers would come up? Or were you stuck finding the right Scottish game for hours? 😆
I wish to learn on how to place betting
With the bookmakers that are offering 4x £5 free bets, can I put all 4 of these free bets on the same bet?
I believe so, but best to check the terms and conditions of the free bets with the bookies.
I am interested in learning the basics, I have a couple of questions though;
a) How long roughly do you reckon I would be able to profit from this method before I burnout all the introductory offers?
b) Is this something I could teach my wife once I have "dried the well"?
after the sign ups, you use other methods
so have i got this correct, unless you have a free bet you wont make a profit?
So how much can you make if you did this a couple of hours a day?
Profit maximiser is tops imo
Do you do one to one training x
What happens when you use all your free bets
Great video. You said you made 2.5 k in three months. Can I assume that was profit? Just checking
I did this years ago with profit accumulator. I made money but then when it got to leaving thousands in those accounts I decided to stop.
why
How does following a process that = £0win/ loss (or in fact a loss of pennies) then make a profit? I get how you get the free bet, but how then does using that free bet make money and not also balance out as £0/ -pennies? Sorry if this is an obvious question, I feel like I'm missing a big part of how this works.
Your original bet to qualify for the free bet ends up as 0 profit. But then the free bet they give you after placing that bet, say £10, you then bet for and against something so you both lose then regain that free £10. That changes the free bet 'money' into real money that you can then put into your bank account. You're basically just changing the free bet number into withdrawable cash.
Why did you stop doing it if was working well for you?
Can you still do this if u used up all the sign up offers
It will be harder for sure, but Oddsmonkey has lots of offers still even if you have used up the welcome offers.
How many hours a week do I need to put in to make £350 a month on average? (Once sign up offers are finished)
Really depends on the offers at the time to be honest, rather than the goal of the amount you want to make.
looks like this is almost impossible to do in canada :(
I see how this is done with the free bets and have done it years back. My question is around the liability part.. this scares me. So if I was using my own money I could win at the bookie and lose at the exchange and they will take a massive liability from me?? this liability figure can be much much more than the stake i layed. So . why do they have this … its like a punsihment .. im really confused
If u lose on the exchange then u win a the bookie & if u lose at the bookie then u win on the exchange . Guaranteed profit
If you bet on all 3 outcomes on a football match you can technically make a profit It just means the underdog won or got a draw against a big favourite.
Bookmakers make profit from offering odds that do not reflect the true probability of an outcome so 9/10 you will lose money ... Only on rare occasions can you Dutch outcomes for a profit. Various info online about dutching is available
Why is it recommended to have £100 in your exchange account (betfair)? I'm really confused by this? Thanks
Because if the bet you place at the bookie wins, it means your lay bet (betfair) will have lost. This costs money (liability) which comes out of your betfair account. The winnings on the bookie side will have covered that loss though. Effectively, your just moving money around on the qualifying bet.
Liability, the money isn’t spent it’s just to cover short term losses.
how on earth did you make 2500? I don't fully get it. If i get a 20 free bet and i want to make a sizeable profit it would be difficult based on the odds.The profits would be very small
I'm into supercars and I know someone who has bought very expensive cars through matched betting !
That need dozens of account to win that big
How this work
But how do you know how much to bet?
You need to use a matched betting calculator, but it will tell you exactly how much to bet if you watch my tutorial fully and also the online information on OddsMonkey (for example).
Why do you lose money with the qualifying bet, if you do the exact same process with the free bet? Why can't you make money with the qualifying bet?
It will always cost you money with the qualifying bet as you are using real money to place it. The odds for the for and against bet will always work out that if you placed both of them there is a small difference, or otherwise people would place both bets all the time and make profit.
I made 3k in 2 months a couple of years ago. Got gubbed by all the bookies though...
Yes that is the balance for sure - the more offers you do the harder it becomes. That is what I found too.
gubbed in 2 months?
@@bottlewaddle6677 Caught/banned etc
Betfair has 2% commission right not 0%?
bookmakers dont charge commission
It's not for me. But it seems a decent extra income source. Looks tiring though 🥴
Hi Jennifer I was literally talking about this with a friend from work and was about to research so perfect timing. To get the best return from the free bet I find the liability really high so is it best to put £200 in to exchange account? How often did you spend per week to get 2.5k?
The amount you wish to use is totally up to you, also with higher amounts be sure to double and tripe check both parts of the back and lay side so you don't make any mistakes. I would do a few signups a day but mostly at the weekend. Maybe 2-3 hours a week as the offers were the signups and straight forward.
Can not thank you enough. Watched other videos and just didn't get it. Just one question, is this as lucrative in 2022?
Great question - I believe there is still plenty of new deals for a newbie, as long as you balance the amounts you want to try for. For me, it lasted about 2-3 months before it became trickier.
@@JenniferAMThomson can I ask what you mean by trickier? As in harder to find offers or the process became harder?
-newbie here-
Does anybody know any US-based local sports bookie agent I could call on the phone and place a bet on NFL / NBA once in a while? Ideally that accepts cash / crypto Any tip I would truly appreciate it
Thank you'all
My dad made £20000 in a year using this
This sounds confusing.
I want to learn but sounds so complicated 😢
Jo Swinson has a new career after getting destroyed in the last GE
Ahhh the old jokes are the best.......
You do actually get banned for doing this if they clock on
All very well until you are IP, email address by every outlet.