Matched Betting Services
If you’re new to Matched Betting make sure to read the introductory guide to matched betting before diving into the best matched betting subscription services.
We partner with advanced matched betting services. Once you have completed the welcome offers and you want to take your matched betting to the next level, you will need tools beyond our calculator. Again, when you sign up to one of these services using one of our links, not only do you get an exclusive offer, but we also get a commission, at no. Matched betting is an easy way to earn extra money from home. It provides a tax-free income and only takes a couple of hours’ work. Despite its name, matched betting has nothing in common with gambling. And completely legal in any country that allows sports betting. If you are new to matched betting, read my simple matched betting guide first. Matched betting (also known as back or lay bet matching, arb betting, or double betting) is a betting technique used by individuals to profit from the free bets and incentives offered by bookmakers. It is generally considered a risk-free bet as it is based on the application of a. 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.
When I started Matched Betting used to spend most of my time trawling through forums and review sites looking for bonuses. After finding one, it would be off to the unintelligible terms and conditions. Trying to work out exactly how to make money from it and weighing up the chance of the bookie trying to scam you.
It was so bad that I would spend more time on the research than I would on actually doing the offers. Much more! But over the past couple of years that has all changed and a bunch of subscription matched betting subscription services have popped up.
For a monthly fee, they will serve you on a plate a library of offers. With the terms and conditions deciphered and an in-depth tutorial on how to do the offer. Even better the bookie and offer will have been tried and tested by some other guinea pig.
You can basically eliminate all that research and just work your way through the offers and a much faster rate than I ever could. The better services even have strong communities or forums where they help each other out and can answer any of your questions.
The following list is based both off of my experience trying out each site and also off of the emails and feedback I’ve received. It is correct as of 5 January 2018 and I will aim to update it as I get new information in. If you disagree with anything I’ve written or have your own experiences, please write about them in the comments or contact me directly.
If you’re not sure which one to choose, they all have free or very cheap trials available. So why not sign up to all of them and then upgrade to a paid membership once you work out which one you like the best?
The Best Matched Betting Subscription Services
- OddsMonkey. A vast library, the original oddsmatcher and a constantly updated daily reloads calender. £19.99 a month.
- Profit Accumulator. The oldest and with the biggest community. Also £19.99 a month.
- Matched Bets. A large selection of offers and the only service with instant live chat support. Not as good as the top two but slightly cheaper at £18 a month.
- Profit Squad. The new kid on the block but with some unique advanced matched betting techniques. £19.99 a month.
Let’s look into each of them in a bit more detail.
Oddsmonkey
Oddsmonkey is my favourite full service matched betting subscription service. They have been around forever but used to just focus on their oddsmatching services. It was the first arb finder on the market and allowed matched bettors to quickly find the best market to bet their free bets.
Then in early 2016 they received a large investment and used it to turn it into a one-stop-shop for matched betting. They spent a lot of money and launched a service that trumped all their rivals.
They have a lot of tutorials covering sign-up offers (currently 40 sports offers and 30 casino/bingo ones) and a strong community on their forum, with over 1,000 posts.
But the best thing they offer is a calendar full of time-sensitive reload offers. They hire a team to constantly search for offers and upload them on a day-to-day basis.
I get a lot of emails asking me what to do once you have done all the sign-up offers and have accounts at every bookie: well here is your answer! Daily reload offers handed to you on a plate. I wish this existed when I first got into matched betting.
At the time when that screenshot was taken, there were 16 different offers just for today totalling over £200 of expected profit.
Currently just £19.99 a month, Oddsmonkey is an absolute bargain.
Profit Accumulator
The Profit Accumulator is the oldest, most popular and most expensive of the matched betting subscription services. It costs £22.99 a month. They have a strong community with thousands of members.
UPDATE: May 2017. Profit Accumulator have now dropped their platinum membership to £19.99 to try and compete with Oddsmonkey.
You can read the full up-to-date review here: Profit Accumulator Review 2017.
A lot of props need to be given for leading the way. Although Oddsmonkey launched before them, it was Profit Accumulator that came up with the idea of a subscription service that researched all the offers for you.
Matched Bets
Matched Bets market themselves as being the best of the matched betting services in terms of cost, tools, and support.
Well, that is partly true. They are the cheapest at £18 a month (£2 less than the rest) and arguably have the best support. There is a forum, but while Oddsmonkey has over 250,000 posts, Matched Bets has barely 100. But that is not what they mean by good support.
They are the only one with live chat. When writing this article I used their live chat multiple times and always got a knowledgeable person replying who was able to help me with my queries.
£18 a month for instant unlimited support would be an awesome deal, even without all the other features. It could be used to double-check calculations, suggest the next offer, or explain some of the theory.
Matched Betting Services Online
On top of the live chat feature, there is also a large library of new customer offers.
Profit Squad
Profit Squad is another the new kid on the block, having only launched in late 2015, but over the last few years they have gone from strength to strength and really found a niche.
They have all the usual offers that you’ll get with the others sites, including a nice collection of casino and bingo offers. And like Oddsmonkey, they also have a calendar of daily offers.
But where they stand out from the crowd is that they also have training and a strong community forum that focus on more advanced types of matched betting. In particular, a lot of the members are earning well from each-way dutching on horse racing.
Profit Squad costs £19.99 a month or £169 a year.
Matched betting is a legal way of guaranteeing a profit on a bet. Yep, there are no games here. That statement is 100% accurate.
How Does Matched Betting Work?
The days of wandering into your local high street bookmaker are gone. It’s all about the online bookies now. There are tens, hundreds, hell, even thousands of bookies trying to make a go of it online. As a result they’re all coming up with offers to tempt punters in. Many of them come in the shape of free bets.
Most people see a bookie offering a freebie and scroll past, some take the free bet and do one of two things – win and run or lose and leave. Then there are matched bettors. Matched betting utilises free bets to guarantee a profit. This is achieved by placing a free bet on one outcome and then using a betting exchange to ‘lay’ against the said selection.
The betting exchange side of things can confuse people but the best way to explain it is that you’re acting as the bookie against other punters. This means your ‘lay’ bet comes with what is known as ‘liability’. This is you covering the potential winnings of the other persons bet. Let’s simplify all of this with an example.
A Real Life Example
Man City face Arsenal at the weekend. Coral, who have free bet opportunities to the value of £20, have the draw priced at 5.00 (matched betting is always calculated in decimal odds). The Betfair Exchange offers you the option to ‘lay’ the draw i.e. betting either team will win at odds of 5.40.
Your ‘back’ stake is decided for you as it is whatever is the value of the free bet so your bet in this instance looks as below:
£20 on Manchester City to draw with Arsenal at odds of 5.00 with Coral = £80 return (free bet stake is excluded).
You then ‘lay’ the draw stating the match will not be a draw at 5.40 on the Betfair Exchange. The stake associated to the bet will be £14.95 (because of how betting exchanges work, this is actually your potential winnings – more on these calculations later) giving you a liability or amount ‘at risk’ of £65.78. Don’t worry though because, come kick off, you’re laughing:
If the game ends in a draw, you lose your liability on Betfair (£65.78) but win £80 from Coral. A £14.22 profit.
If either team wins the game, you’ve lost nothing with Coral because your stake was a freebie but you’ve won your bet on the betting exchange. Your liability is returned along with your £14.95 winnings. Exchange winnings are usually subject to a commission (5% on Betfair) meaning your overall profit is £14.20.
It’s two bets that take less than five minutes work and you’re guaranteed to make over £14.
Is it Really that Simple?
Sort of, yes. The example we’ve walked through above is the matched bet and it does give you a positive return regardless of the result but there are a few more components to consider.
Firstly, most free football bets are only awarded if you make a bet with real cash first. This is called your qualifying bet. The approach to your qualifying bet is exactly the same as your matched bet. Place your ‘back’ bet with the bookie i.e. “I bet team X will beat team Y” and then ‘lay’ off your selection on a betting exchange i.e. “I bet team X will not beat team Y”. This initial bet is placed with real money. For that reason, it is possible that you’ll lose a small amount (usually pence).
The second part of matched betting that you need to understand is how to identify an appropriate opportunity. Not all fixtures are suitable for matched betting because it’s reliant on the odds falling in a certain range.
Now, a lot of people are scared off by the fact you need to find specific games for matched betting to work. Don’t be, there are tools out there that are created with this betting strategy in mind.
Top Matching Betting Sites
There are two main companies that operate matched betting services. Profit Accumulator, who have been going since 2014, are the name that has been helping punters make money through this method the longest. Their service does come at a cost (£20 a month) but they offer a free trial and you can cancel any time. Their offering is decent too with alerts taking you to the best free bet offers, software that allows you to find the games that are matched bet opportunities by bookmaker.
Now, remember earlier when we spoke of the complicated ‘lay’ stakes? Well, to top it all off, their service also includes a bet calculator. This will give you the stakes you need to wager for a guaranteed profit for your matched and qualifying bet.
The other major name in the market for matched betting services is OddsMonkey. To be honest, their platform is very closely aligned to that of Profit Accumulator to the point where even the pricing is the same. The main difference is the fact they claim their free trial will yield you greater profit (£62 instead of £40). If you go the whole hog with matched betting that £22 extra will become insignificant with hundreds of pounds quickly racking up. I’d suggest you check both out with the free trials and opt for the service that you find more user friendly – everyone is different after all.
Best Bookies for Matched Betting?
On the surface of things, no. Any bookmakers with a free bet offering can be exploited for profit. That said, all of these offers come with extensive terms and conditions. It is in these terms that certain bookies make themselves more appealing to matched bettors.
Some of the big boys like William Hill, SkyBet and Ladbrokes will not limit a household to one single use of a free bet offer. This means that if you share wi-fi with someone you don’t need to worry about not being credited with an offer or, if you live with a partner or friends, you can all club together for multiple matched betting wins. Happy days.
Some bookies though do restrict their offers to one person per house and/or wi-fi network. You can still use them for matched betting but just make sure someone else in your network hasn’t taken the offer already.
Just a quick caveat to stress that the terms and conditions do change regularly so either check them out at the time of betting, ask the company directly or hit up one of the forums operated by the two resources mentioned earlier.
Does Matched Betting Still Work in 2020?
The internet is a phenomenal tool but, boy, do you read some nonsense. There are plenty of people out there who claim that you’ve missed the boat on matched betting. It’s simply not true. Bookies will always offer free bets and whilst that remains the case, you’ll be able to make money from laying of your back bet.
The only risk to consistent matched betting is getting your account ‘gubbed’. This is where the bookie spots you’re winning too much money and limits your stake to the point of insignificance. There are easy ways to avoid this though. Continue your matched betting but avoid staking large amounts on really obscure leagues (this is a red flag to the bookies that you’re covering your bet) and, on occasion, throw on a small stake accumulator. This is a random piece of advice but to the watchful eye of bookmaker systems it will help your account resemble the behaviour of a regular punter.
Is it Possible to Lose Money When Matched Betting?
After reading all this, you’re probably fully on board. Before you take the plunge understanding the risks is an important thing to close on.
Matched betting is a guaranteed way of making money. That doesn’t mean it’s completely risk free though. The reason for that is two-fold. The first is that odds can change in an instant. It’s not that common for dramatic shifts to occur (it’s not happened to me in several years of matched betting) but it’s important to acknowledge it could happen. If you get caught by this, simply crack on as planned and know that your loss will be limited. You’ll soon make it back with the next bet as you won’t get caught out every time.
Matched Betting Online
The other thing that can catch you out is human error. This is in your control – take your time when using the calculators from Profit Accumulator or OddsMonkey and double check things before you hit ‘place bet’.
It’s like that old saying ‘measure twice, cut once, win often’.
Matched Betting Services Meaning
There you have it, your guide to matched betting.