Top 15 Essential Matched Betting Tips for 2021
If you are looking to boost your profits these essential matched betting are for you. Before you jump right in, it’s worth knowing a few key things to avoid making some massive mistakes. We have compiled a list of the best tips that will help not only beginners but experienced matched bettors also.
Top 15 Essential Matched Betting Tips for 2021
1) Never Gamble
Yes, it is the first and most important tip, you should always stay away from gambling. Although matched betting is not gambling, we use gambling websites to profit from. In matched betting, we make money through free bets and other offers that are given by the bookies.
2) Do your research before you get into matched betting
Please make sure you do plenty of homework before getting started. Matched betting can be a complex process for newbies. Before you get into matched betting you should understand what matched betting actually is and how it works.
Also Read: Matched Betting DO's and Dont's
3) Expect a slow start
Matched betting won't make you rich over a night. First, you need to understand all the basics. matched betting is a time taking process, you need to do matched betting on a regular basis to keep your earnings grow. We can say it is a brilliant and legal way of making consistent money from the comfort of your home.
4) Start with at least £100 or £150
It is important to understand with how much money you can start matched betting. Practically, you can start matched betting with as little as £20. In my opinion, £100 or £150 is a good amount to start with as it is enough to take three to four offers at a time until you are confident with the matched betting process.
5) Be regular when it comes to matched betting
Regularity or consistency is very vital when it comes to matched betting. Matched betting is a slow and steady process to earn money, you need to do matched betting regularly. Half an hour a day, you could earn £200-500 profit in a month but if you give an hour a day or more you can seriously earn up to £1,000 – £2,000, or even more on a good month.
6) Keep records of your progress
It is important to keep a record of your progress to know how you are doing. It will keep you motivated when you see you are making a progress over a period of time. If you are a beginner you can use a spreadsheet to keep all the records.
7) Use a separate Email
If you are not using a separate email for matched betting, bookmaker offers can be mixed with your private emails. Using a new email for matched betting makes it easier to receive and track all emails related to free bets, bonuses, and matched betting tips in one place.
8) Use a Separate Bank Account
Similar to having a separate email it is quite important to have a separate bank account for matched betting. It can be hard at times to track of how much money you made from matched betting if you are not using a separate account. A new bank account makes it easier to keep track of your results. Keeping a separate bank account will keep your identity clean, as traditional banks often don't approve loans and mortgages when they see your gambling deposits.
9) Don't leave any new offers
Once you go through sign-up offers and daily calendar offers make a habit to look out for all the new customer account offers you possibly can. You can open more bookmaker and casino accounts which will help you to get more offers in order to make more money. Always make sure to check your matched betting site’s new customer area and the forum regularly.
10) Keep enough funds to cover Debts
Your bank account must have sufficient funds to convincingly cover the bets you have placed or planning to place. If you are a beginner and don't have enough money we suggest you place a bet at low stakes as a higher stake means more liability.
11) Join Matched Betting Experts
You can join Profit Squirrel if you wish to learn matched betting tactics. The experts here at Profit Squirrel will provide you every guidance and video tutorials to make online money. Profit Squirrel does provide dedicated tools and software to help maximize your matched betting profit. If you are serious about making money from Matched Betting, Join Profit Squirrel Now.
12) Use Odds Calculator and Oddsmatcher Tool
Matched betting calculators or Odds Calculator help bettors determine how much they should lay on bet exchanges to maximize the profits of each matched bet. OddsMatcher tool will be the most useful tool when you matched betting at it saves a huge amount of time and effort and can increase your matched betting profits significantly.
13) Use Multiple Betting Exchanges
Don't stick to anyone betting exchange, there are other betting exchanges that may have better odds. As we all know a small difference in Odds can save you a lot of money. Some of the best betting exchanges include Betfair, Smarkets, Ladbrokes, and Matchbook.
Also Read: Best Betting Exchange with High Liquidity
14) Low Commission Rate
Betting exchanges may charge from 2% to 5% on commission on players’ net winnings and this is how Betting exchanges make money. If you want to minimise the amount of commission you pay so you keep more of the profit for yourself you can go for Betdaq and Smarkets as their commission rate is 2%
15) Don't be afraid of being Gubbed
If you are a beginner don't be afraid of being gubbed but do your best to avoid it. Newbies are often being afraid of facing a ban from the bookmakers. Yes, eventually you may get Gubbed but that doesn't mean you won't do matched betting. If you get gubbed, there are still other opportunities to make money. You can look out for partner-friendly bookies or can go with multi-accounting though that is a bit more controversial.
Also Read: How to avoid Bookmakers Ban
In need of more insights? Check out our YouTube Channel with over 131 FREE videos for even more guidance.
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