Getting Started With Matched Betting

We recommend that you switch both the betting exchange and the online bookmaker to show decimal odds just because it makes matched betting more straightforward. The exchange may have decimal as default already, but the bookies will probably be displaying traditional odds like 2:1, 4:2 etc.).

Your first job is to look at the terms and conditions of the betting promotion you want to take advantage of, i.e. it will tell you how you qualify for your free bet. The requirements will typically be:

  • Betting at specific odds (usually a minimum like 1.5 or 2.0)
  • Betting on certain sports/fixtures or competitions
  • Betting a certain amount

Once you have this information, you can set about finding the bets you want to place. This means depositing some cash into your online bookmaker account. Make sure it is as low as possible while still qualifying for the free bet.

Now, find a bet that interests you. You want the betting odds to be as close to the required betting odds for your bet too (this will typically be 1.50).

You can also use tools to find bets. Still, we recommend doing everything yourself at the start or starting with a free trial with your preferred matched betting service.

You will want to find the opposite bet on the betting exchange. This is your LAY bet, i.e. you are betting that something won’t happen (as we said, you are acting as a bookmaker here).

If the odds between the bookmaker and the betting exchange aren’t similar, then find another qualifying bet. Keep hunting around until you find bets with similar odds on both the bookmaker and the exchange.

Author: Ryan Patterson