Want to know how to make money with no risk matched betting in the Uk?
If you are looking for ways to make money from home online and with little or no start up costs then no risk matched betting in the UK could be for you.
This article is written to provide you with a basic introduction to explain what Matched Betting is how it works, how much money you might need to get started and more importantly how much money you can make from your risk free bets.
We will also take a look at some of the best Matched Betting Sites in the UK.
These sites can help you to get started with the Matched Betting process.
We will show you free ways for you to get started as well as paid for services that can really help to accelerate your learning and bring in much greater profits for you than if you had set about learning this all on your own from scratch.
What is Matched Betting?
So right now you might be wondering, what is no risk matched betting in the UK and how can you possibly make a bet Risk Free.
Well Matched betting is a way to take online bookmakers introductory bonus and free bet offers and then turn them into risk free situations by Laying off your bets with a betting exchange like Betfair or Betdaq.
The majority of UK bookmakers or betting companies try to attract new customers with introductory bonuses. Quite often these are in the form of a free bet when you sign up to their betting site. By finding the right events to bet on then you can lay off your bets to ensure that you have a guaranteed profit regardless of the outcome.
If you are wondering what a Lay bet us or how to Lay a bet we talk more about this later in this article.
The basic process for risk free matched betting can be summarised as follows:
- You open an account with a betting exchange (for example Betfair).
- You then need to open an account with a bookmaker ( for example Coral).
- Next you place a bet with the bookie.
- Then you Lay the same bet on the betting exchange.
- The bookmaker then gives you a free bet.
- You can now place the free bet on the bookmakers site on a particular event.
- Finally you Lay the same bet on the betting exchange.
Later on we’ll show you a worked example so you can see how this works in a little more detail.
Don’t worry there are services that you can use to make the process really easy for you, so keep reading for more information on these.
What is a betting exchange?
If you aren’t familiar with betting and haven’t heard about betting exchanges you may be wondering what is a betting exchange.
There are 4 major betting exchanges that you can use in the UK:
These are online bookmaker sites where bets are taken or placed between individual bettors rather than a bookmaker.
The main difference is that as well as being able to place a bet on an event happening you can lay a bet in the same way that a bookmaker does by offering odds on a bet for something not to happen.
The way that an exchange makes their money is by taking a commission from the winning bet.
Betfair is by far the largest and has the greatest liquidity but they have higher commissions than the other exchange sites.
So essentially a betting exchange is a marketplace for bettors to take up each other bets on a myriad of events. They cover just about every sport you can think of as well as other none sporting events like “Who will be the next Prime Minister?”.
What is a Lay Bet ?
In order to make money with no risk matched betting in the UK you will need to know about Lay Bets.
Now you’ve seen us mention laying off your bet with one of the betting exchanges.
So to give you a better understanding a Lay bet is simply betting against an event happening.
For example you select a Football Match with say Liverpool v Arsenal and you Lay Arsenal. This means that should Arsenal Lose the Game or Draw the game then you win the bet. However if Arsenal were to win the match then you would lose that bet and the money staked.
Example of a matched betting risk free bet
Here is an example where a UK bookmaker V Star Bet is offering a £10 Free Bet just for setting up a new account with them and depositing £10 with them. (Note that there may be wagering requirements with this and other bookies but this will only complicate the example and we’re trying to keep it simple for demonstration purposes).
In order to take advantage of this introductory offer you would sign up with V Star Bet and then place a bet on an event with your free bet and then immediately lay off the same event on a betting exchange like Betfair or Smarkets.
Let’s say you pick a football match again and choose an outcome that has low odds below 2.0 (in decimal odds). For example Manchester United v Southampton where Manchester United are priced at 2.0 with the Bookamer (V Bets in this case) and the Lay odds are 2.02 with Betfair.
You would then place your £10 Free Bet with V Bet on Manchester United to Win.
We then go to a Lay Betting Calculator like this one.
This one is a free Calculator provided by Oddsmonkey – one of the services that we recommend you try but we’ll come on to that later.
By entering the exact stake of your bet and the odds on offer the Lay Bet calculator will then tell you the exact amount you need to Lay Manchester United to ensure that whatever the outcome you will win.
Here’s a screen shot of our worked example:
So with this example of a no risk matched betting in the UK you can see that whatever the outcome you would win either £9.65 or £9.64 from your matched betting risk free bet.
Is matched betting even Legal?
You might be thinking that taking advantage of risk free bet offers seems too good to be true and whether it is actually legal.
Well it is legal and thousands of people are using it every day to make extra money or sometimes earning a full time income with really advanced techniques and offers.
A spokesman from William Hill has actually previously said “ There’s no illegal element. It’s a free bet and you can do what you like.” – Source Telegraph
So bookmakers are aware that it is happening but there is little they can do to prevent it. They know that for every Matched Bettor taking advantage of no risk matched betting in the UK through one of their offers there are thousands of Mug Punters out there that sign up just for the free bet without knowing about the Matched Betting Loopholes.
The bookmakers are making more than enough from regular punters to still make it worth their while giving these offers. In fact they are falling over each other trying to attract ever more customers to their sites and introductory offers are a must for them to do that.
How much profit can you make with matched betting online in the UK?
How much money you can generate from risk free betting depends on a number of factors.
The more money you have to start with the more you can make early on as you can take advantage of more offers at once.
However for someone starting with a small budget doing one offer at a time is the right way to go and you can gradually build up a pot from all the profits you make.
It also depends on how much time you have to be able to devote to matched betting. Once you are up and running with a decent pot you might only want to spend an hour a day but for someone with a couple of hours or more per day could obviously do many more offers.
Having done matched betting for a number of years I would say that the minimum you can expect to earn would be a couple of hundred pounds per month. However if you devote a little more time and perhaps use one of the Matched Betting Services that I will talk about below you could earn from around £500 per month up to £1,000 per month.
To some people this might not seem like a lot but for the time and effort invested it can be very profitable and equate to something like £40 per hour once you have more experience. Compare that to stacking shelves at Asda on minimum wage and it works out well worth it.
How much money do you need to get started with Matched Betting?
This is a good question and not as high as you might think. You could start with a £1,000 and be up and running taking advantage of offers left right and centre.
However if you start off by selecting those offers that use up the least amount of money you can build up your funds allowing you to go for much bigger and more profitable offers in a month or two’s time.
If you follow the guidance from one of the no risk matched betting in the UK services detailed later they will show you exactly which offers to start with and where to find them.
This can actually be a real time saver making it well worth signing up to the service.
If you follow the matched betting site guidance I would say that the minimum to start with would be about £100. This will allow you to do a few smaller offers to start with and build up your funds.
The key is to be patient and not think that you can make big bucks overnight. With a little patience and dedication you can easily turn this £100 into £1,000 and then over a year or so this could be as large as £10,000.
Don’t be tempted to withdraw any funds from your pot, you need to leave it alone purely for matched betting purposes and only take money out after you have built up a reasonable size betting fund. The larger the pot you have the more offers you can take advantage of and the more profit you can make so it’s a little like a snowball effect.
Even once you are making a few hundred pounds a month and have a nice pot I would only take a percentage of say 10% every month after that.
What do you need to get started with Matched Betting in the UK?
Now if you have grasped the basic concept, understood the way matched betting works in principle and you would like to get started then there are one or two things you will need to have in place first:
- Proof that you are aged over 18
- Proof of UK residency and your address
- A Computer or Laptop
- A good Internet service and connection
- A UK Personal Bank Account
- Your Start up Fund (ideally £100 plus)
The UK Gambling Laws dictate that you must be at least 18 years old to gamble legally in this country.
This applies to both online and live betting scenarios and gaming establishments are legally obliged to confirm that customers meet this criteria. They usually therefore do this by requesting photo evidence of your ID documentation.
It’s relatively simple and quick to scan or take a photo of your ID and then email it or upload it to the bookmakers site.
You can still utilise the introductory offers and place your bets whilst your documents are being verified. It’s when you come to making a withdrawal that you need to have had your verification authorised, which in most cases may take a day or two at the most.
Where to find no risk matched betting sites
Now that we’ve shown you the basic idea and you’ve grasped an understanding of how matched betting with risk free bets works, you might be wondering where you can get started and make money from these risk free bets.
Here we provide details of the no risk matched betting in the UK services and sites that can help you on your journey to earning additional money at home online.
One of the best services when you are just starting out is Bonus Bagging by Mike Cruickshank. Mike has been offering this service for many years now and he makes it really simple for you.
The best thing about this service is that all you need to do is check your emails every night and follow the advise that Mike sends.
It takes just 10 minutes to do each night and all you have to worry about is what you are going to do with the free money you have gained from the bookmakers.
It’s relatively cheap at £27 and Mike gives you a full refund if you aren’t satisfied. However I’ve used this service myself and made about £1,000 over the space of a couple of months so it’s well worth the price.
Once you’ve gone through the initial round of Bonus Bagging Matched Betting offers then Mike has additional no risk matched betting in the UK services where you can take things a level further.
Profit Maximiser is a paid monthly subscription service provided by Mike Cruickshank.
It goes a step further than bonus bagging helping you to make a guaranteed profit from not just the free bet offers, but also casino deposit bonuses and ongoing bookmaker reload offers.
Profit Maximiser shows you exactly how to take advantage of the many offers with step-by-step instructions.
Daily offers from the various bookmakers and casinos are listed on their website.
Profit Maximiser costs £97 + VAT per year, but you can get a 14 day trial for just £1 giving you access to all the sites features.
This price compares well to other similar matched betting service sites that can be as much as £150 for the year.
Other services we mention below also have monthly payment options, which may make them more attractive to some.
The annual subscription with Profit Maximiser gives you:
- One Year access to the Profit Maximiser Site
- Step-by-step instructions to take advantage of those offers for maximum profit.
- Personal video tutorials to guide you every step of the way
- Access to betting software – all of the bets are found for you so you don’t need to spend time searching all the different sites yourself.
- Betfair Alliance Software – Place your Betfair lay bets directly within the software without ever having to open up Betfair. A great time saver.
- A risk-free 30 day money back guarantee – if for any reason you’re not happy with the service.
Profit Maximiser also has a Facebook Group with lots of no risk matched betting UK members posting every day. It’s a really friendly place where you can post questions and get some really good guidance from other members. It’s also a convenient place to find additional offers that are perhaps new and not yet on the site itself.
If you want to take a look at Profit Maximiser yourself follow this link…
Free Matched Betting Services
If you really are risk averse and want to give Matched Betting a go without paying for a service at this stage then you could try Beating Betting.
They have a free course and promise to make you up to £40 profit from following it.
Once you’ve tried this free no risk matched betting UK course you could then use the funds to pay for the Bonus Bagging Service, which as I say is well worth it just because it’s all explained for you with clear instructions. They find the bets for you and all you have to do is read your emails and follow the instructions.
No Risk Matched Betting Site with Free Trial Option – Oddsmonkey
Another good option to get you up and running with no service fee or subscription cost is Oddsmonkey’s Free Trial.
This promises to make slightly more with up to £56 profit, which again you could then use to sign up for Bonus Bagging or pay for the first few months full service with Oddsmonkey, which is £17.99 per month (at the time of publishing this article). You can also save over £65 per year if you pay for the membership in full at £150 for the year (as of May 2020).
Oddsmonkey is another service that I have used personally and I have found them to be very good. They have a very slick website and guide you through the process with support and tutorials. There is a daily calendar with all the various offers that you can take advantage of.
The only downside when you are starting out is that you may have to devote some time into getting your funds built up to cover the cost of the service. This is why I suggest starting with Bonus Bagging as this is the cheaper option to start with and will allow you build up a few hundred pounds, which then justifies the cost of a Matched Betting Service.
Paid for Matched Betting Service – Profit Accumulator
Profit Accumulator is another site providing a paid for Matched Betting service. At £17.99 per Month (at the time of publishing this article) it’s the same cost as OddsMonkey and they too have a free trial offer where you can earn over £40 with two bookmaker bonuses and limited access to their software.
Again Profit Accumulator charge the same as OddsMonkey for an annual upfront payment of £150 (as of May 2020), saving you over £65 for the year.
I haven’t personally used this service but they profess to be the biggest no risk matched betting UK service provider.
They also have simple step by step video tutorials, an active forum, 7 days support as well as a Profit Tracker.
Visit Profit Accumulator Matched Betting Site here…
Cost Effective Matched Betting Service – MatchedBets
For a cheaper annual payment option you could try MatchedBets, which charge just £99 for the year.
They also have a monthly option at pretty much the same as OddsMonkey and Profit Accumulator at £18 per month (May 2020). There is also an introductory 14 day trial for £1 with access to all their features.
MatchedBets cover over £1,200 of bookmaker welcome offers on their site. They also provide guides for casino offers as well.
They have step by step video instructions to guide you through the process.
Customer support is provided from 8am until late every day and they include their own advanced matched betting calculator so you know you are placing the correct amounts.
Alternative Matched Betting Service in the UK – Profit Squad
Our final paid matched betting service site is Profit Squad.
Profit Squads site is very easy to navigate, they include a useful bet tracking tool so there’s no need for cumbersome spreadsheets to keep track of your bets.
Their pricing structure is similar to Oddsmonkey and Profit Accumulator starting with a £1 14 day free trial, then £18 per Month or £149 for an annual subscription (as of May 2020).
Profit Squad have unique dutching (placing multiple bets on the same event) tools and strategies with full training guides and support, which appears to mark them out from the other services mentioned.
They also provide you with opportunities to take advantage of other betting loopholes that may occasionally arise. These are often quick to be removed by bookmakers so can be a really handy way to make even more profits from the bookmakers.
Our best advice for getting started with Matched Betting in the Uk
So there you have our recommended no risk matched betting UK services and what you need to get up and running when matched betting. Before we leave you to go make your online betting fortune just a few words of advice for best practice.
Always check and re-check both the offers and the bets that you place. You want to make sure you have set the right amounts for your bets otherwise they won’t be profitable.
Start with a low cost service like Bonus Bagging to help you gain experience and build up your funds gradually whilst you are learning how Matched Betting works.
Once you’ve completed the Bonus Bagging offers and built a nice pot then you may want to consider moving on to a paid service like Profit Maximiser or Profit Accumulator.
Don’t be tempted to spend any of your winnings in the early days. Let your pot build up over the space of a few months. Once you are then making a regular monthly profit start taking a small percentage of say 10% to reward yourself.
Above all enjoy the journey and good luck with making extra money online with risk free betting in the UK.
If you enjoyed this article and are interested in other methods for making money at home then check out some of our other posts.
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