An arbitrage bet is when you cover all outcomes of an event. Which then guarantees you a profit at the end of it.
Lets take a look at an example.
Rebelbetting flagged up an arbitrage opportunity. On the Leopardstown race at 17.05. A horse called Daliyah was priced at 3.25 on Paddypower.
This horse was available to lay on the betting exchanges at an 2.88. I took the available money at Smarkets. Which was just less then £50.
In standard arbitrage a profit is made on all outcomes. In this situation an 11.3% profit could be made backing at 3.25 and laying at 2.88.
You can see from the above. That rather then hedge the profit on all outcomes. I have weighted the profit on the horse Daliyah winning. This is a personal preference of mine. I could have also guaranteed myself a profit across all outcomes.
Having all profit on one outcome of the arbitrage bet is known as value arbing.
Lets look at what happens should Daliyah win the race.
I Win £112.5 from my £50 back bet at 3.25 with Paddypower
I lose £92.30 from my lay bet of £49.29
A total profit of £20.2 is made (£112.5-£92.30)
If Daliyah should lose the race.
I lose my £50 back bet with Paddypower
My lay bet wins for a total of £ £48.31 (£49.29 – 2% commission)
A loss of £1.69 is made
From this example you can see that the odds are stacked heavily in your favour. Using arbitrage but leaving the value of the side of the soft bookmaker. Basically creating a very high value bet in this situation.
How does Rebelbetting work?
Rebelbetting is very easy to use. The software constantly scans the odds on all the bookmakers it supports. When the software calculates an arbitrage opportunity. It highlights it for you so that you can investigate further.
Once you select an arb.
Rebelbetting will then automatically calculate a few other variables for you. You can see from the above picture that there is an arbitrage bet between Paddypower and Matchbook.
This is on the PSG vs Toulouse match, in the Asian handicap market.
The software has highlighted a 2.8% arbitrage bet.
From a stake of £492 it shows a profit of £13.81 or £13.78 could be made. You can adjust the stake figure to whatever figure you are using.
Also the round option lets you round of your bet sizes. This is so that soft bookmakers are less likely to flag you as an arbitrage bettor.
Is Rebelbetting Easy To Use?
Rebelbetting is highly customizable and very easy to use. It has a lot features that allow you to find and bet on arbitrage opportunities as efficiently as possible.
Initially you select which bookmakers you want arbitrage opportunities highlighted for.
Define the minimum and maximum arbitrage percentage you are looking for. Which sports you want included and the length of time before it starts.
One cool feature is that you can set up specific alert sounds for different arbitrage percentages or middle bets.
A feature that allows you to save a lot of time and process your bets as quick as possible.
Is the in built browser, which automatically brings up the bookmakers where the arbitrage is available. You can save your username and password so that Rebelbetting automatically signs in to your account when you use this feature.
How Much Money Can I Make with Rebelbetting?
Given that Rebelbetting covers 76 bookmakers there are a tonne of arbitrage opportunities.
When I made all bookmakers available there were a total of 417 arbitrage bets available. There is obviously a good opportunity to profit from these.
In terms of how much money you can make from arbitrage its going to differ from person to person. If you have access to a large number bookmaker accounts then its possible to make thousands of pounds from arbitrage betting.
Personally I have made hundreds from arbitrage in the past. But I will admit that arbitrage isn’t my primary focus and is something I usually do once my accounts are promotion banned. I then like to go through these accounts over a few weeks and hammer them with arbitrage bets.
A lot of matched bettors often discard accounts once the promotions stop. However arbitrage is a great way of milking them for every last ounce of a profit. Also some bookmaker accounts don’t offer much in the use of promotions. Again arbitrage is a good way to get use from these accounts.
Rebelbetting Review Results
Here are the results during my trial of Rebelbetting.
The bets were placed over the period of a month.
I placed 127 arbitrage bets.
Total amount staked
Average Stake per bet
Total Profit Of Made
Return Of Investment
Will Bookmakers Limit My Account If I Use Rebelbetting?
Like with all winning sports betting strategies. If you are taking money from the pockets of soft bookmakers then you will find yourself limited.
Using the software I did find arbitrage bets between sharp bookmakers and betting exchanges. These types of arbitrage bets are often smaller neither sharp bookmakers or betting exchanges will limit you.
Sports arbitrage betting is a great way to make money from the sports betting markets and I don’t believe you should let bookmaker limitations put you off trying arbitrage software such as Rebelbetting.
How Much Does A Rebelbetting Subscription Cost?
There are several different pricing plans for Rebelbetting. The best plan would really depend on several different factors.
What is your bankroll?
How many bookmakers do you available?
How much time do you have to commit to arbitrage betting?
Rebelbetting Free Trial
There is free trial version of Rebelbetting available.
Which enables you to test the software out for free with a cap on arbitrage bets up to 1%.
This will allow you to become familiar with the software. And see whether you would get value out of using the Rebelbetting service.
At the time I had not seen anything like it. The Profit Maximiser Facebook group and service opened my eyes to the many money making opportunities available in the world of matched betting and advantage gambling.
As time has gone by matched betting has become more and more popular.
There are now multiple match betting services available. All trying to offer the best service and entice new customers.
First off Profit Maximiser is much more than just a matched betting service.
Profit Maximiser focuses on finding and exploiting every plus ev opportunity available. Basically they are looking for any method that will produce profits over the long term.
This can be in the form of
Casino Bonuses ,
Spread Betting Bonuses
As the service has evolved they have also added value betting methods alongside Betfair trading strategies.
Ultimately it is a service that aims to show you how to make a sustainable long term income using multiple strategies.
What Do You Get With A Subscription To Profit Maximiser?
There are multiple aspects of the Profit Maximiser service. At first this can seem a little over bearing with so much information to take in. To make things easily understandable and accessible there has been a lot of effort put into the provide an easy startup guide.
The start here and training section breakdown all aspects of matched betting and advantage play.So if you are new to either of these subjects you can build an understanding of how to profit from these strategies fairly quickly.
After going through the training, bookmaker sign ups are the probably the first section to go through. This section instructs you how to a make money from initial sign up offers. These are relatively easy offers to complete and will allow you to make around a thousand pounds.
We move onto the casino and advanced casino sections. These sections show you a mathematical approach that will allow you to generate long term profits from casino offers. For me personally this where I get the most value out of the service and where it really offers something that sets it apart from other services.
There is also a bingo section which is very similar to the casino section. However it focuses on exploiting and profiting from bingo offers.
Then there is the calendar which highlights the daily offers that are available. Also stating the expected profit figure and risk associated with the offer.
How Much Money Can I Make With Profit Maximiser?
Profit Maximiser offers you multiple ways to make money.
Taking some figures from my 50k in year challengeover a two month period I made £3391 from casino offers and matched betting. (This figure also includes a mistake on my part which cost me £360 pounds.)
I have added this in graph form so that you can see the general upward trend in profits. You can probably also see where I made a costly mistake that was soon recovered. In truth my results only scratch the service of what can be made if you use all aspects of the Profit Maximiser service. There are still many offers that I pass up due to time constraints or sometimes my own laziness.
If you are really willing to put the time in and grind out every single opportunity available then you can make much more.
I am not the only one who is making good money from this service. There are multiple testimonials from people making what could be considered life changing amounts of money.
Here are some comments taken from the Profit Maximiser private facebook group.
Here is another happy member of Profit Maximiser showing long term profits.
Profit Maximiser Casino Offer Results
From April 2017 to April 2018 I attempted to make £50,000 in a year using various services and betting methods that I discuss on this site.
I used the instructions on Profit Maximiser to tackle casino offers. Every offer I took part in was estimated to have a positive yield over the long term.
Here are my results from casino offers throughout the year.
April – £885
May – £1628
June – £1108
July – £693
August – £733
September – £91
October – £827
November – £616
December – £902
January – £60
February – £995
March – £1785
Casino Offer Results 2020
In 2020 one of main focuses using Profit Maximiser was on exploiting casino offers.
Over this time period I took part in 2202 casino offers.
A total profit of £11,946 was made.
The graph illustrates the results over the course of the year.
Anything negative to report about the service?
So I have highlighted a lot of the positive aspects of the Profit Maximiser service but is there anything negative to note?
I am currently a member of Profit Maximiser and was also a member when the service first started up. There have been no negative experiences that I can report or have seen within the Profit Maximiser community.
You will receive upsells for some of Mike Cruickshank’s other products which may prove to be a minor annoyance to some people.
In truth however these are good products that will make you money however you can find similar products as part of the Oddsmonkey package.
It has been mentioned to me that the marketing for Profit Maximiser can be off putting for new members. Whilst I can see their point, Once you actually use the service you will see that it offers exceptional value.
What sets Profit Maximiser apart from its competition?
There are a few key factors that for me set Profit Maximiser apart from its growing list of competition.
The Profit Maximiser Community
In my opinion the Profit Maximiser community has some of the sharpest matched bettors and advantage gamblers around.
This is a big advantage for both newcomers and experienced matched bettors, as you exchange ideas and learn from each other. It also helps you avoid any mistakes that may have been made by others.
It’s an evolving product
Profit Maximiser was something of a trend setter in the matched betting community. However it hasn’t stood still and rested on its laurels. It is a service that continually adds new ways of profiting from all aspects of the gambling world.
Since its inception it has added new strategies to make money from sports trading, advantage gambling, value betting and spread betting. The service really seems to be ahead of its competition when its comes to finding new profitable edges to exploit.
The potential for profit
One of the impressive things about Profit Maximiser is the amount of profitable opportunities it highlights. There is really huge potential to reinvest and continually grow your bankroll with this service. As there are new offers and areas to profit from every single day.
Profit Maximiser Review Conclusion
If you are interested in a service that can show you how to make thousands of pounds then Profit Maximiser is a service you should take a look at.
Profit Maximiser offer a £1 trial and also a 30 day money back guarantee so there is hardly any risk involved in seeing what the service has to offer.
Like all betting and trading products I look at them as an investment. At £116 for a years membership Profit Maximiser is an excellent investment, as it will potentially return thousands of pounds in profit if you are prepared to put a little time into it.
I have no hesitation in recommending Profit Maximiser and it gets a five star rating from me.
(Click Below To Trial Profit Maximiser For Only £1)
(This article features affiliate links. This means that if you choose to make a purchase, I will earn a commission. This commission comes at no additional cost to you. I use or have used any product I review. If I recommend them it is because I believe they are helpful, useful and offer value to their customers. Please do not spend any money on these products unless you feel they will give you value or that they will help you achieve your goals.)
Is sports arbitrage betting the easiest way to make money from sports betting?
In terms of making extremely low risk and consistent profits sports arbitrage is a great way to make money.
Over my lifetime I have made thousands of pounds in profit from sports arbitrage and still use this strategy effectively to this day.
In this article I will detail my methods for staying under the bookmakers radar for as long as possible.
Also I will explain and show examples of how to secure huge profits winning both sides of a bet with minimal risk.
What are the key questions that surround sports betting arbitrage?
How do you make money from sports betting arbitrage?
Can you make a living from from sports betting arbitrage?
How can I stop getting limited from bookmakers when arbing?
What is the best sports betting arbitrage software to use?
Lets answer these questions and take a deeper look at the world of sports betting arbitrage.
Sports Betting Arbitrage?
So first off what is sports betting arbitrage?
An arbitrage bet happens when we can back all of the selections in a sporting event and guarantee that we will make a profit no matter the outcome.
Sometimes this will happen with two bookmakers or sometimes with a bookmaker and a betting exchange.
Lets take a look at this with a simple example using the bookmaker Bet365 and the betting exchange Smarkets.
Bet365 are currently offering Dover at a price of 3.00
Whilst on the betting exchange Smarkets they are available to lay 2.96
( A lay bet is the opposite of a back bet, it means if we wanted to win £100 we would risk £196)
In the above example you can see that should Lincoln win a profit of £200 pounds would be made on Bet365.
Should Lincoln win on Smarkets you can see a potential loss of £196 would be made.
In this example a Lincoln win would net us a profit of £4 whilst any other outcome would lead to £0 being won or lost.
Lets break down the outcomes.
Lincoln win –
£100 on Lincoln at 3.0 wins £200 on Bet365
£100 lay bet on Smarkets loses £196
Lincoln lose –
£100 on Lincoln at Bet365 is lost
£100 lay bet on Smarkets is won
Profit On All Outcomes
One of the great things about sports betting arbitrage is that you can hedge your profit across all betting outcomes if you wish to.
Sometimes you may wish to win more on one outcome and put yourself in a no lose situation on the others.
It is really a matter of preference.
Lets take a look at if you wanted to hedge your profit across all outcomes on the arbitrage example given above.
(You get 0% commission at Smarkets, Matchbook and Betdaq if you are a member of Oddsmonkey.)
In the above picture you can see that you could guarantee yourself a profit of £1.35 across all outcomes for a £100 stake.
This may not seem like a huge amount of money but a 1.35% return over the course of a day is pretty amazing.
Not only that but this is only 1 arbitrage bet it is possible to make thousands of arbitrage bets also at higher stakes.
Also you can regularly find arbitrage bets of 5% or more which quickly adds up.
Arbing With Two Bookmakers
In the first example the sports arbitrage bet was made between a bookmaker and a betting exchange.
You will often find arbitrage bets between two bookmakers and on rare occassions even arbitrage bets comparing two betting exchanges.
The process will remain exactly the same when betting with bookmakers.
Lets take a look at a few arbitrage bets when comparing odds between two bookmakers.
So using Betburger’s free arbitrage finder that flags up arbitrage bets up to 1% you can see 4 arbitrage bets on football matches.
The Spain vs Malta arbitrage offers extra value being a middle bet however that is something I will discuss later.
This leads us on nicely to the next topic where to get started with sports betting arbitrage.
Getting Started With Sports Arbitrage Betting – Free Sports Betting Arbitrage Software
If your new to sports betting arbitrage you are probably going to want to test things first.
Make sure that you aren’t making any mistakes and get a feel for arbitrage.
Free sports betting arbitrage software does exist on the internet as shown above.
It normally however comes with limitations such as a cap of the arbitrage percentage (no more then 1%).
Usually there will also be a time delay on the bets shown. Which means that these bets may no longer exist as the odds have changed.
Rebelbetting and Betburger both offer great free arbitrage software which as explained has its limitation but is great for newcomers.
If you are quite new to sports betting then I would first suggest building up your bankroll through matched betting.
(My recommendation for matched betting is Oddsmonkey where you make good money exploiting bonus offers. Oddsmonkey also has a great oddsmatcher that is great for sports arbitrage bettors that are just starting their journey.)
Can Bookmakers Ban You From Doing Sports Arbitrage?
Unfortunately bookmakers can and will ban anybody that they don’t expect to make money from long term.
The only exception to this are some of the Asian bookmakers that model their business on turnover rather then making money from recreational bettors.
However we will focus on betting with European bookmkers at the moment as no Asian bookmaker is able to offer their services to UK customers at the moment.
So yeah it might seem a little unfair but bookmakers can limit your account or ban you entirely if they wish to do so.
However this should not put you off sports arbitrage as unless you are willing to lose money over the long run. It is inevitable that this will happen at some point.
Ok so can I disguise my arbitrage betting?
From my experience yes you can disguise your arbitrage betting for a period of time, lets take a look.
How To Stop Bookmakers Limiting My Betting Accounts
In this section I will detail some of the strategies that I have used to keep my bookmaker accounts open for as long as possible.
New Accounts –
When you open a new account it is looked at closely by traders to determine whether it is recreational or not.
If you start arbitrage betting straight away on a new account it is not likely to last long. It is a good strategy to act like a recreational punter when opening a new account for at least a month.
Make a few accumulator bets or bet on secondary markets like the first goalscorer or correct score market. Often this will allow you a greater lifespan on your account for arbitrage betting in the future.
Avoid Obscure Leagues –
If you start betting arbitrage bets on Moldovan second division football or women’s rugby. It is very likely that you will find yourself getting limited.
Sticking to the big football leagues, major boxing matches and big American sports is normally much better for your accounts life span.
Mix up your markets –
Bookmakers employ traders to look for accounts that will make money.
When a trader see’s an account that for example is constantly betting on horse arbitrage bets they will likely limit that account.
I try not to make it easy for trader’s and leave an obvious pattern of arbitrage bets.
One bet may be on rugby, another on boxing. I will throw an arbitrage bet into an accumulator with selections that are 0% or slightly negative to try and disguise it.
The next bet I might make could be an arbitrage bet as low as 0.2% on secondary market that is unlikely to stand out as straight arbitrage bet.
Can I Lose Money From Sports Arbitrage Betting?
There are a few ways in which you might lose money when sports arbitrage betting.
We are all human and we all make mistakes. You may see an arbitrage bet and take the wrong side or even bet on a different event by accident.
Sometimes teams play multiple matches in a week so this could happen. You may accidently stake the incorrect amount on a selection.
Palpable Errors –
Palpable errors are a get of jail card for bookmakers. It means if they make a big mistake and for example offer odds of 5.0 for a selection that is around 3.0 everywhere else.
They can claim it was an error and void a bet.
This means that you should always be very wary if you see for example an arbitrage bet of 10% or more as this could be a palpable error. Which in turn could lead you lose money if the bet was voided.
Lets move on to talking about middle bets which are pretty awesome.
Sports Arbitrage Middle Bets
So what is a middle bet?
A middle bet is when a two bookmakers or betting exchanges (any combination) offer a opportunity where both bets could win should a certain scenario occur.
On other occassions a middle bet will allow us to get money back on one bet and profit on the other.
What do I mean by this?
The majority of bookmakers and exchanges offer handicap bets on a number of sports.
For example here we can see that Bet365 offer odds of 1.95 on France -4 goals.
Lets break down how a handicap bet such as this works.
France win by more then 4 goals – bet is won
France win by 4 goals exactly – bet is void
France win by less the 3 goals – bet is lost
Now lets say for example that we could back Moldova +5 goals on the William Hill at 2.06.
We stake £100 on France at 1.95 on Bet655, along with a £95 bet on Moldova +5 goals at William Hill.
The game plays out and France win by 5 goals.
£100 at odds of 1.95 on France -4 pays out at £95 profit
£95 at odds of 2.06 on Moldova +5 is returned
A total profit of £95 is made from zero percent risk.
In a sport such as basketball or rugby you can often find middle bets seperated by several points.
For example you may have one side at -15 and the other side at +18 which allows for both bets to win.
Middle bets are an extremely powerful sports betting strategy that allow you the chance for large profits with minimal risk.
Middle Bet Live Example
At Leovegas I could back Lyon in the regular time market. (Note this market says it will pay out at half the odds in the case of a draw.
At Betfair I was able to lay Lyon (bet that they do not win) at lower then 3.15.
This gave me a normal arbitrage bet but also gave me a bet that would win on both Leovegas and Betfair should the match finish as a draw.
Live Sports Arbitrage Betting
Middle bets are pretty cool right?
Lets look at another advanced strategy to make money from the world of sports betting arbitrage.
Live sports arbitrage betting.
So the concept is exactly the same as pre-match arbitrage.
We are looking for markets where we can cover every outcome of an event and guarantee ourselves a nice profit in the the process.
However there are pros and cons of live arbitrage betting that I will go through.
The Cons Of Live Sports Betting Arbitrage
Odds move quickly in live betting and that is the biggest factor you need to be aware of with live betting.
If you are not careful you could find yourself in situation where you could lose money if don’t react quickly enough.
Be aware of goals, points being scored , there are situations that can cause a large change in the odds which could have a negative effect on your bet. (It should be noted that sometimes these factors will also have a positive outcome.)
There are delays in accepting live bets with the majority of bookmakers and exchanges.
Again delays mean that odds can change before a bet is accepted and put you in a negative situation rather then a positive.
The Pros Of Live Sports Betting Arbitrage
Live arbitrage is not easy!
Why is this a positive?
Most people aren’t doing it and you can fly under the radar of a bookmaker a lot longer then if you were pre-match arbing.
There is more opportunity in live arbing when compared to pre-match arbing.
In-play betting markets are dynamic and constantly changing, minute by minute the odds have to adjust.
In order for there to be no opportunity, the betting markets all across the world would have to be perfectly synchronized.
Which they aren’t.
This offers so much opportunity for live arbitrage betting.
So with live arbing there is more opportunity and you will often find that on average you can get on bigger arbitrage bets which makes the added risks worthwhile.
5 Tips For Live Sports Betting Arbitrage
Start Small – Given the added risks of live sports arbitrage you should bet a smaller amount of your bankroll in case something goes against you. For example you might only want to bet 5% of your bankroll whilst in pre match arbitrage you can better higher.
Learn The Markets – See how long in-play betting delays are with each bookmaker, which bookmakers are offering the most opportunity. Which sports flag up the most arbitrage bets?
Focus On Break Periods- If you want to limit the risks associated with live arbitrage betting. Focus on betting at half time, the end of a set in tennis, in between rounds in boxing.
Manage The Risk – Accept that sometimes things will go against you but also know that sometimes you will benefit form events. If taking an arbitrage bet on the over/under 2.5 goals market in football. A good idea is to take the over bet first. As if a goal is scored when you are entering your bet on the under position your are going to be in a profitable position.
Put In Volume – For live arbitrage you will need software such as betburger. Live arbitrage software is not cheap so you need to offset this by putting in a decent amount of volume. As stated there is a tonne of arbitrage opportunities especially at weekends. Putting in the time and volume will allow you make a decent profit and cover your subscription.
Can I Make A Living From Sports Arbitrage
Is it possible to make a living from sports arbitrage?
Yes it is certainly possible.
From spending years on sports arbitrage forums I know some individuals that have made huge sums from sports arbitrage.
There would be two ways that you could achieve this.
Do you have access to almost an unlimited number of betting accounts?
Can you make arbitrage bets in a way that the bookmaker cannot detect?
If the answer to either of these question is yes, then you can probably make a great living from sports betting arbitrage.
Shop arbitrage (sharbing) is also something that you could consider if you live in a country with betting shops.
I have heard stories of people making a living entirely from sharbing in the past.
From my experience I have been able to make a full time income from the sports betting markets.
However I do not rely solely on arbitrage betting.
So there are a few roadblocks in the way of making a living from arbitrage betting.
This however should not stop you from making a large amount of money from sports betting arbitrage should you wish.
The Best Sports Arbitrage Software
In order to really make the most of the opportunities that sports arbitrage betting produces you will need some software.
There are a few key factors that you need to consider when looking at sports arbitrage software.
Bookmakers – First of all you need to make sure that the software you choose to use supports the bookmakers you have available to you.
Speed – Arbitrage bets appear and disappear due the changing odds across bookmakers and betting exchanges. The best sports arbitrage software will notify you of these changes as quickly as possible alerting you to a possible arbitrage situation.
Markets – There are hundreds of different betting markets. The best sports arbitrage software is able to find cross market arbs across different bookmakers.
Cost – When considering which sports arbitrage software you want to use. You need to consider how much money you have yourself to invest. How much time you are going to have for arbitrage and how much can you expect to make per month after the subscription cost is included?
I have tested the majority of the available sports betting arbitrage software.
For me there are a few that stand out among the rest.
For The Beginner
At £18 a month or £150 for the year Oddsmonkey is great value for anyone that is just getting started with arbitrage betting.
Alongside its tools for exploiting matched betting opportunities it is the ideal service for someone looking to make money from the sports betting markets.
Matched betting for a living probably seems like the ideal job for a lot of people. You get to stay at home and work exclusively from your computer. No boss to worry about, no annoying colleagues that you have to put up with.
Sounds good right….. But is matched betting for a living possible?
Matched Betting For A Living
If you are a regular reader of this blog. Then you will know that I am currently undertaking a 50k in a year betting and trading challenge. The largest amount of profit from this challenge comes from matched betting and exploiting casino offers.
Here is a breakdown of profit made from matched betting
April Profits – £787
May Profits – £91 (made an error which cost me £330)
June Profits -£548
Here is a breakdown of profits from casino offers
April Profits – £885
May Profits – £1628
June Profits – £1108
So you can see that you can make decent money from matched betting and casino offers. However whether you could make a living from it depends on several factors.
Factors You Need To Consider
The biggest factor is how much do you need to pay the bills?
Some people can get by on a £1000 a month. For others its £5000 a month. Obviously this is the key point to consider if you were looking at matched betting full time.
How many ungubbed accounts do you have left? Do you have the resources to open more?
If you have been matched betting for a while. You will know that bookmakers don’t like it and will remove your ability to take part in promotions. After that you can use these bookies for arbing or value betting. Eventually however the well runs dry and you don’t have any more options.
Are there friends and family members that you could teach about matched betting? Perhaps take a percentage of their profits?
You might find your job mundane and boring as hell. But is also might be very secure with a pension plan and sick pay. Matched betting for a living is quite a uncertain profession.
How long will you be able to make a living from it? Will new rules come into place which make it harder? What if bookmakers stop offering promotions?
If you do leave your job to pursue matched betting full time. Will you be able to return should things not pan out?
On the flip side though could matched betting provide you with an income that will open up opportunities in the future. With enough resources you can compound your profit over and over. This could enable to reinvest your money into pursuing a job you would enjoy.
Matched Betting Bank
Another important question to ask yourself is how much money do you have saved up?
You would need enough to cover the cost of your bills. But also have enough to spread around different bookmakers and exchanges. So that you could make the most of the matched betting offers when they are available.
It is hard for me to make an exact estimate as everyone’s situation is different. But I would say you would want to have at least enough money to pay your bills for 6 months. Then have an extra £5000 bankroll or more just for matched betting.
If you are going to take advantage of higher risk casino offers. Then you would probably want an even larger bankroll on top of money to pay the bills.
In this article I have pointed out some of the negative and positive aspects of matched betting for a living. If it is something you are considering my advice would be don’t rush into it.
Especially if you are quite new to matched betting it may seem like the holy grail. There is no harm in perhaps lowering your hours at work and putting more hours into matched betting. Then reevaluating your things after a few months.
Don’t get me wrong matched betting is awesome but is important to put realistic expectations on pursuing it full time. I personally know some people that do extremely well from matched betting for a living.
Could that person be you in the future? Possibly but it is important to evaluate all the factors involved before you make the jump.
Matched bettingis a great way to earn some extra money. More and more people have discovered this in recent years. If you really want to make the most out all the matched betting opportunities out there then you will have probably looked at a matched betting service.
Due to this surge in popularity there are more and more matched betting services competing for customers. Competition is good for us as matched bettors as it means we get better services and they have to offer us more value for our money.
What is the best matched betting service in 2020? – Profit Maximiser
Lets take a look at one of the first and most popular matched betting services.
Profit Maximiser was the first service that really showed you how to exploit every opportunity available. I had known about matched betting previously but after joining Profit Maximiser I realised there was a whole lot more money to be made.
What Does Profit Maximiser Offer?
Step by step guide to matched betting and exploiting casino bonuses
How to make money from bingo bonuses
How to take advantage of spread betting offers
Making money from reload offers
Private members Facebook group
Access to private member area
Matched betting calculators
Matched Betting Spreadsheets
Betfair Renegade (Betfair Value Betting Software)
My Experience With Profit Maximiser
Like I said previously Profit Maximiser really opened my eyes to all of the betting opportunities out there.
I found the service to be very professionally run. There are videos of the offers and walk through guides in the private members area. Help is on offer through email support if you have any questions.
Exploiting casino offers is the area that Profit Maximiser really excels in. Mike Cruickshank is really ahead of the curve when it comes to making money from casino bonuses.
Another aspect of Profit Maximiser that I really enjoyed was the Facebook group. It was really active with a lot of experienced matched bettors and useful advice being shared. Quite a few members of Profit Maximiser have gone on to make large sums from matched betting.
The whole service is very well put together. Furthermore the man behind Profit Maximiser Mike Cruickshank deserves a lot of credit. This service really was a big part in the growth of matched betting which has really exploded in popularity.
Profit Maximiser – Pros And Cons
No monthly subscription.
Initial Cost is £116 pounds for a years subscription.
Multiple up sells for other products (Each way Sniper, Accumulator Generator)
The original matched betting service
Strong and active community
Continuously developing the product (addition of value betting tool.)
Good value for your money
What is the best matched betting service? – Oddsmonkey
Oddsmonkey began life as a odds matching service and software provider for matched betting services.
A few years ago after seeing the rise of matched betting services they created their own. The ethos of the Oddsmonkey service seemed to be to emulate a service like Profit Maximiser but also add as much value as possible at a reasonable price.
What Do Oddsmonkey Offer?
Matched Betting Tutorial
New Customer Sign Up Offers
Bingo and Casino Offers
Oddsmatcher software (Odds matching software for arbitrage and matched betting)
Racing Matcher (Software that highlights odds matches for racing offers)
Each Way Matcher (Software that highlights each way arbitrage bets)
Matched Betting Calculators
Matched Betting Forum
Acca Matcher (software that highlights profitable accumulator bets using bookmaker promotions)
My Experience With Oddsmonkey
After my Profit Maximiser subscription ended I joined a few different services to see what they offered. Eventually I settled on Oddsmonkey as I found that it was the service that by far offered the most value for my money.
The service is excellent with a clean interface that is easy to navigate. For £17.99 a month they really packed a tonne of useful software into the service. I mentioned a con of the Profit Maximiser service was receiving multiple up sells to other products. For example there is the Each Way Sniper (around £47 plus VAT) and Accumulator Generator (£148.99 plus VAT).
Oddsmonkey includes services similar to Each Way Sniper and Accumulator Generator with its £17.99 pound a month service. So as much as I like Profit Maximiser ,I believe that Oddsmonkey offered me much value for my money in terms of matched betting.
Another point that I liked about the service was that I wasn’t tied in to a long term subscription. If I was going away for three weeks and wasn’t going to use the service much I could cancel. When I was going to make full use of the service I could then sign up again. The subscription options offer great flexibility.
Oddsmonkey – Pros And Cons
Community not as active as other matched betting services
Most value for your money
Everything included with your subscription (no up sells)
Service suits all levels of matched bettors (beginners to advanced)
What is the best matched betting service? – Profit Accumulator/Profit Ninja’s
Profit Maximiser and Oddsmonkey are the two services that I have used the most. However there are a lot of matched betting software providers looking to offer their services.
Profit Accumulator is one of the big three services. This is not a service that I have used but from talking to members of the service it is very similar to Profit Maximiser. Profit Accumulator have done a great job of marketing matched betting to the public.
They boast to my knowledge the biggest matched betting community around 20.000 plus members. Subscription cost either £22.99 month or £150 for the year.
(Update (2018) Profit Accumulator now match Oddsmonkey subscription qt £17.99 a month or £150 a year.)
Another service that I used for a few months was profit ninja’s. Profit Ninja’sis one of the lesser known services but they offer quite a good product. On top of a general matched betting product with odds matching software they also provide a few Betfair trading strategies.
They offer subscriptions for £10 a month or an annual fee of £100 with odds matching software.
More and more people are moving from matched betting into sports trading.
Matched betting is a great way for anyone to get involved in the sports betting and trading markets as it is the easiest way of making money. Eventually bookmakers remove any bonus eligibility from your account or in some cases (Boylesport) close your account all together.
Matched betting is a great introduction into sports trading as it shows people that money can be made from the bookmakers. You should also become familiar with the betting exchanges and how they function.
Life after matched betting what’s next?
First off you should still have a lot of bookmaker accounts left. There is still the potential to make more money from these accounts and value betting is probably one of the best ways of doing it.
By exploiting the fact that many bookmakers move their odds slower then the sharper Asian bookmakers such as Pinnacle we can find odds that offer good value.
At this point you are familiar with the betting exchanges and are looking to start making money trading. There are lots of potential options with sports trading.
Which sport? Pre match or in play? Lay drifting horses? Back potential steamers? Lay low odds in Tennis?
Its important to find your focuses and break down the sport that suits you best. Which sports are you most knowledgeable about? How much time have you spent looking at the markets? What have been your most profitable markets?
Matched betting might have allowed you to build up a big enough bank to consider going into sports betting.
One way of taking on sports betting is to build up a portfolio of proven profitable tipsters and looking at sports betting as a long term investment.
This is the big difference from matched betting to sports trading and betting. If you have been matched betting you will be used to constantly racking up the profits but trading and betting is a different animal.
Losing money is never pleasant but it is inevitable that at some point you will lose money and you have accept this as part of the game.
If you look on social media you tend to see lots of nice screenshots of winning trades or people going 5/5 in sports betting for the day. If you are not experienced this might give you the impression that sports bettors and traders rarely lose but in truth everybody has losses.
Once you accept that losses will happen it makes it much easier to find long term profitability as you aren’t constantly changing strategies, sports or tipsters.
Learn about variance
This ties into the above buts it is really important to learn about variance.
Variance in the short term can make us believe an unprofitable strategy is profitable and a profitable strategy unprofitable.
If you start to build an understanding of variance then it diminishes the stress and shock of losing periods or losing trades.
Over my years of betting and trading I have come into contact with a lot of different people that make money betting and trading.
One person that I have learnt quite a lot from is my friend Matt who has been doing sports arbitrage for a living now for the last five years.
Sports Arbitrage For A Living
An Interview with a full time arber
SST: First of all thanks for doing this interview Matt. My first question is how did you get started with sports arbitrage?
Matt: Well I had been messing around with betting for a few years pretty unsuccessfully. I came across the concept of sports arbitrage in 2008.
I started off very small and made maybe £30 in the first month but saw that it worked and gradually built it up.
SST: Were you doing matched betting to start with or straight arbitrage?
Matt: I started off with straight arbitrage between Pinnacle and Bwin and then started doing some matched betting or bonus scalping as people were calling it then.
SST: Has the landscape of sports arbitrage changed much since you first started?
Matt:Yes it is always changing. Bookmakers tolerated it more at first. I don’t think there were too many people doing.
The landscape is always changing with new laws and regulations coming in. I think that is why there is skill in becoming a good arbitrage bettor. You always have to adapt.
Full Time Arbitrage
SST: When and why did you decide to go full time with sports arbitrage betting?
Matt: In 2010 my total profits from arbitrage betting were more then my yearly wage. I had made around £40k which was more then my yearly salary.
I weighed up the risk and reward. I realised I could make more money from arbitrage. I didn’t have a great job so there was no issue leaving it.
SST: How have you managed to make a living from sports arbitrage the last five years when bookmakers limit accounts?
Matt: Its not been easy but I have learnt a few trends that bookmakers have. Some hate you taking arbs on horse racing but you can get away with other types of arbitrage for a long time.
Then you have exchanges, I live in the UK so there is also shop arbing. I have done a lot of the casino bonus stuff in the last few years also. There are lots of ways to make money from the bookies if you are creative.
I also have a deal with a few friends and family members where I act as an advisor of sorts and manage their accounts. I pay them 10% of the profits that I make each month and its a good deal for everyone.
SST: I understand. If someone wanted to get into sports arbitrage what would your advise be.
Matt: Everyone seems to be matched betting these days I would start with that.
Start small and don’t put all your money in one bookmaker. Use trusted bookmakers that have been around for a while. As there are quite a few shady ones that operate and will steal your money.
SST: Which bookmakers do you suggest using?
Matt: Use all the ones from oddschecker.com they are all pretty good. Avoid ones that just arrived on the scene as many don’t last such as Bet666.
Start off with the major bookmakers Bet365 and William Hill for example.
SST: Any other advice?
Matt: Don’t worry about account limitation people get hung up on this. You will get accounts limited but new reputable bookmakers start up and then a whole new money stream opens up again.
If you really work at it its a great way to earn a very nice second income. If you really make the most of it then it can become a full time occupation.
In this article I am going to detail a horse racing arbitrage strategythat I like to use occasionally to mix up my betting patterns.
This strategy is profitable and is a good way of taking extra value from the bookies.
If you are unfamiliar with arbitrage and want to learn about arbitrage betting. I recommend reading this excellent resource on arbitrage betting.
This strategy as it is a good way of moving money from bookmakers to exchanges but also getting some value in the process.
First off you are going to need a low commission betting exchange such as Smarkets or Matchbook and bookmakers that offer best odds guaranteed.
To find bookmakers that offer best odds guaranteed useoddschecker and look for a green tick box along the line noted at “best odds guaranteed.”
Horse Racing Arbitrage Strategy
First off we look for a horse that is a close back and lay price at a BOG(Best Odds Guaranteed) bookmaker (back) and low commission exchange (lay).
For this example I will use Smarkets.
In the picture above you will see the horse Copper Baked is priced at 1.91 with a number BOG bookmakers.
We can offer a lay price that matches the current BOG bookmaker prices. When the lay bet gets matched we then place the back bet at a BOG bookmaker.
From the above you can see that if the odds on Copper Baked stays the same price or comes in further we stand to win £90.90 for Bet365 and lose £90.01 from Smarkets for a £0.89p profit.
If Copper Baked loses we win £100 minus the 2% commission from Smarkets £98 and lose the £100 from Bet365.
Horse Racing Arbitrage Strategy
The key to this method is the large potential upside from the BOG (Best Odds Guaranteed) promotion. The Best Odds Guarantee promotion means that if a horses starting price drifts after you backed it you will get paid at the higher starting price.
So if Copper Baked price drifts before the off. With the starting price going off at a price higher then 1.9 then Bet365 would pay out at its starting price under the BOG promotion.
For example if Copper Baked drifted to 2.5 before the off and won we would then be paid £150 by Bet365 and lose only £90 from Smarkets. This would equal a profit of £60 when our risk of loss was only ever £2.
In this example we get a horse rated at 2.5 for odds of 31.0. This does happen fairly regularly in the horse racing markets.
From using this method there is always a much larger upside then there is downside.
Also by sticking to shorter favourites. It doesn’t look like conventional arbitrage to the bookmakers.