Matched Betting and Arbitrage
In this article I am going to write about using matched betting and arbitrage techniques to build up a sports trading bankroll.
First off let’s take a look at matched betting. Matched betting is great and personally it has made a huge difference in my life. I used it to pay for the deposit on my first house, take trips abroad, treat my family. It really is something you should look to learn if you haven’t already.
So what is matched betting?
Matched betting is using bookmaker offers combined with betting exchanges to guarantee that a profit is made no matter the outcome of a sporting event. The easiest way to explain this is with a example.
Lets take William Hills sign up offer. The sign up offer is bet £10 and get £20 free.
I open my William Hill account and bet £10 on Real Madrid to beat Atletico Madrid in the Champions League Final at odds of 2.4 and lay them using a betting exchange at odds of 2.56.
A lay bet is basically where you act as a bookmaker. For example example if we lay odds of 2.56 at £10. We have to pay out £15.60 should Real Madrid win. Our £10 back bet at 2.4 would win £14.00.
This situation gives us a loss of £1.60 should Real Madrid win or a £0.20 (2% commission) if they don’t. However what we can also do is average the loss on the two outcomes. As you can see in the picture below.
You see from the above we lose 74p on the qualifier but then receive two free £10 stakes from William Hill. We than use the same process to take a minimum of £7 from each of the free bets.
Free bets profit = £14
Cost of initial qualifying bet = -£0.74
Total Profit = £13.26
There are lots of these sign up offers where you can follow the same process. New bookmakers appear quite frequently. Also bookmakers continue to send out offers to existing customers every day. There is a lot of money to be made by replicating this process over and over again.
How much can I make?
After the sign up offers there are still recurring bonus offers from bookmakers to take advantage of which help to consistently top up your bankroll. You can do this yourself by searching google for bookmaker signup offers and taking advantage of recurring offers that will be emailed to you.
It is possible to make a lot of money matched betting. In my own experience anything from £5000-£10,000 a year if you utilize everything that is available to you. I have read stories of other people making a £20,000 to £30,000 a year.
If you want to make the most of matched betting then you should reinvest some of your profits into a service that focuses on exploiting every aspect of these bookmaker offers.
A service that I use and would highly recommend is Oddsmonkey. Oddsmonkey is a company that has long been providing matched betting and arbitrage software for other companies but have now decided to offer their own dedicated service.
They offer an extremely in depth and content rich service that also offers arbitrage and dutching software. They are priced at a very reasonable £15 a month and offer a free trial.
Let’s take a look at another way to exploit bookmakers.
Some bookmakers still allow us to bet when they remove bonus offers from our accounts. Other bookmakers also don’t offer many bonuses so we may as well use them for arbitrage bets.
To show an example my Skybet account is now limited and I am no longer eligible for bonuses. Skybet though are a good bookmaker for arbitrage and I am still able to bet with my account.
You can see from the above I am able to use Skybet alongside Smarkets and Betsafe to make a 1.39% arbitrage bet.
I could stake £500 across the two bookmakers and betting exchange for a guaranteed profit of £6.95. I would however round my stakes to more round numbers to look less like an arbitrage bettor.
It should be noted that bookmakers will eventually limit your account to pennies. Or even ban you if they see you are an arber. However given that bookmakers only want losing players these limitations and bans will come at some time unless you are losing money.
If you want to make low risk profits from the world of sports betting. Matched betting and arbitrage are the best methods of doing so.