Top 3 Questions When Starting Matched Betting

So, you’ve been thinking about starting matched betting and you’re interested – what next? Where do I start? What do I do? These are the questions most people have when they first decide they want to try it out. Hopefully, this article will help answer a few of those questions.

Shall I use a matched betting service? Or go solo?

I would definitely recommend using a service. It’s absolutely essential for beginners as they provide you with training and the offers, so you don’t have to spend ages looking around online. It just makes it easier and quicker.

The other thing they provide which will help you maximise your earnings, is the software to help find close matches between bookmaker back bets and betting exchange lay bets. You can do this manually, but if you don’t know what you’re looking for then it can take a long time.

The other key area is the forum and customer support. Matched betting can be complicated, especially when you start, so having either a phone line you can call or simply sending a question to the forum administrators, makes the world of difference.

All in all, the investment of a paid service may initially sound quite a lot, but trust me when you see the earning potential of matched betting the monthly subscription will seem like a drop in the ocean.

Which matched betting service shall I use?

There are many matched betting services out there, but the main two are OddsMonkey and Profit Accumulator. There are numerous smaller sites that have been set up by individuals to try and cash in on their knowledge, but these sites all fall down on the basis that they don’t have the resources of the bigger sites.

In practical terms this means the smaller sites (often one-man bands) don’t have the manpower and money to be able to build the necessary software needed to help find close matches between the exchange and the bookie, to hire people to monitor the forum and customer service to field any questions, or the ability to create video guides to assist your matched betting journey.

Read my Profit Accumulator review here.
Read my OddsMonkey review here.

As you can see by my reviews, I use and recommend Profit Accumulator. It has the biggest and busiest forum, the best customer service and the best video tutorials in my opinion. Both services pretty much offer the same thing, they both give instructions on the same offers, it’s just the forum at Profit Accumulator that tips it for me.

What should I do when I sign up?

When you have chosen a service and signed up, the first thing you need to do is learn as much as possible to minimise your potential to make mistakes. Read all the general guides and try and absorb as much information as possible. It can be a complex subject to get your head around, so the more understanding you have the better.

When you feel like you understand it, now start working your way through the list of sign-up offers. These offers are placed in a certain order on purpose, the simpler ones are at the top and the more complex ones are near the bottom. Try not to deviate from the list.

One very important thing to remember also is to not do any offers that are not featured on the matched betting service of the website of your choice. If it’s not got a guide, it’s not worth doing. It might seem initially like a good offer, but if you dig a bit deeper you are probably going to find some restrictive terms and conditions (e.g. A very high wagering requirement).

Also, try and have fun. It can become quite fun almost in a sense fulfilling after a while. Knowing that you are earning money at home sat on your sofa clicking around on your laptop!

Here are my other top tips for when you start matched betting:

Set up a new email address just for signing up to the bookies with. You will get a lot of emails so it’s best to keep them separate.
Try and put aside as much money as you can for your initial float (or ‘bank’ as its commonly called it in matched betting). You won’t lose this money, you just need it in order to cover your liability on the betting exchange and to cover the qualifying bets. The more you have, the more offers you can do simultaneously and the faster you can complete offers and earn money.
Try to avoid getting gubbed. Gubbed is the term given to when you get an email from the bookmaker saying your account is being limited and you can no longer do their promotions. It will definitely happen to you at some point if you do enough offers. It’s just an occupational hazard.
Don’t gamble. It might seem like an obvious one, but don’t get caught in the trap of gambling away your matched betting winnings just because they are sitting in your bookie/exchange account. You would be surprised how many people fall into this trap. Be vigilant, especially when it comes to online casinos’
Ask questions on the forum. Don’t be afraid to ask questions on the forum. The admins and mods will be more than willing to help you out. That’s what they are there for. Everyone was a beginner at some point so don’t be shy of asking questions, even if they might seem obvious.
matched betting
So that’s about it for my top tips when starting matched betting. Hopefully, you feel a bit more comfortable about making the jump into it now. Honestly, it’s a decision you won’t regret.

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