Matched betting is a method that helps you clean sportsbook bonuses hassle-fee. Because you’re using sportsbooks for this purpose, you will have to place some sports bets. The big question is which sport should you focus on when doing matched betting? Even if you’re not a fan of it, football might be your ideal choice. Keep on reading to find out why!
Recommended to Read Next: What is the Betfair betting exchange?
Top 3 Key Takeaways:
First things first – what is matched betting? If you’re not familiar with the term, matched betting is one of the methods that don’t involve gambling. Instead, you’re using maths to make money off football betting.
This method is based around bonuses that most online sportsbooks give away. The thing about these bonuses is that you can’t just use them as regular money. You can’t withdraw the funds straight away after receiving them.
Instead, you need to wager the bonus funds in order to clear it. And sometimes you will have to wager the bonus several times – it all depends on the rollover requirement set up by the sportsbook.
How sportsbook bonuses work is something that’s best explained with an example.
What you see here is that the sportsbook is giving away a 50% match deposit bonus. By funding your account with €100, you’re going to receive a €50 bonus. Sounds great, right?
Unfortunately, there is a small print involved. This particular bonus deal comes with a wagering requirement. And it’s pretty difficult to fulfill. Unless you are doing matched betting.
In order to turn the 50 bonus credits into €50, you need to wager the credits six times on odds higher than 1.60. The chances that you’re going to be able to hit all six bets don’t seem too bright. After all, betting is gambling and gamblers lose most of the time.
But, you don’t have to gamble to get your €50. You can play it safe by doing matched betting. How it works is that you bet on one outcome with your bonus funds, while simultaneously placing a cover bet at a second bookmaker (or laying at a betting exchange, more on this in this article).
This way, no matter what happens, you’re going to get profits. If you win at the exchange, you can withdraw the winnings right away. And if you win at the sportsbook, you will have to repeat the entire process until your bonus is cleared.
The question you’re probably asking yourself is how to decide how big your stakes should be so that profit would be guaranteed?
If you’re using a matched betting tool such as Oddshero, you can let the software take care of calculations.
With traditional matched betting, you’re using the sportsbook to wager the bonus funds. You’re backing an outcome to happen in the sportsbook.
And in the betting exchange, you’re betting that the outcome in question is not going to happen. What you’re doing is laying a bet.
You can do this for literally any sport that is in the offer. You can also choose any betting market you like, including those with more than two potential outcomes. No matter how many outcomes there might be in an event, with conventional matched betting, you only need to use one sportsbook and one betting exchange.
Laying bets is possible only in betting exchanges, such as Betfair and Matchbook. But, this doesn’t mean you can’t use another sportsbook instead of the betting exchange. Oddshero lets you do matched betting with two sportsbooks in the free version of the tool!
But, for that, you will need to focus on two-way bets as this time, there’s no laying. With the 2x back style of matched betting, you’re not supposed to bet on races and other events that have a number of potential outcomes.
Instead, you better focus on the beautiful game. Football has plenty of betting markets you can use in matched betting, including Match Winner and Double Chance, Goals Over/Under, Asian Handicap, and so on.
Football is the most popular sport in the world and the number one choice among bettors. Because people love betting on football events, many bookmakers have decided to adjust their betting offer so that it’s football-focused.
The result is that almost all the sportsbooks in the world have football in their offer. And some go so far to include even some obscure football competitions in the offer.
Pretty much the same is the case when wagering types are concerned. Football is the sport with the most betting options to choose from, some of which are perfect for matched betting.
If you’re using football for matched betting, you can be certain that you won’t have problems finding profitable bets. Of course, assuming that you’re planning to use a matched betting software like Oddshero.
And if you’re going to use football for this purpose, you can also be certain that you won’t get gubbed easily by the sportsbook. Especially if you focus on A-list competitions.
The thing about sportsbooks is that they don’t like to give away free money. No one does. But, they have the right to suspend the players if there’s a suspicion that they’re doing matched betting.
To prevent this from happening, it’s best to stick to betting on popular events, where thousands of other players have already wagered millions of dollars.
So, where to look for in order to find such events? In the football section of the sportsbook!
Games from major football competitions, such as the UEFA Champions League, English Premier League, or the Bundesliga are those that you should focus on.
Doing matched betting on football might seem a bit complicated to you, particularly if you have no prior experience with it. But, you have nothing to worry about because Oddshero has your back!
This is the tool that will do all the hard work for you, including picking out the best football bets. Here’s a simple guide on how to use it.
Step 1 – Sign Up to Oddshero
The first thing to do is to set up an account at Oddshero. It’s pretty easy to do it. Just go to the Sign-Up Page, type in your email and preferred password and click the button Register Now. Alternatively, you can sign up using Google or Facebook.
Once you’re finished, all that remains is to confirm, your account and you can start using the app.
Step 2 – Add your Cover Bookmakers/Betting Exchanges
The question you need to ask yourself at this point is what is your matched betting preference – 2x back or back + lay?
The first option is free and it involves using the bonus-giving bookmaker in combination with a cover sportsbook. The second option is to use the bookmaker in combo with a betting exchange. This option is available only with the Oddshero premium version.
No matter which package you choose, you will now have to add all your Cover Bookmakers and/or betting exchanges.
If you want to do it in bulk, we recommend using Sportmarket, a service that lets you access all Asian bookmakers and exchanges in one go.
Step 3 – Add Your First Bonus
Oddshero will help you with finding bonuses as well. Your only job is to decide which one you wish to claim. To do that, you will have to pick a bonus deal, sign-up to the bookmaker and, if needed, make your first deposit.
There are literally dozens of sportsbooks you can use to grab a bonus, meaning that your matched betting adventure can last for a long time, possibly bring a nice bit of cash flow your direction.
Step 4 – Start Placing Football Bets
All that is left at this point is to start making money off matched betting. Oddshero will do all the hard work for you, supplying you with betting suggestions that will result in either clearing the bonus or getting winnings.
This matched betting tool will provide you with ideas, but it’s up to you to make the final decision. Although Oddshero works with all kinds of different sports, your best solution is to stick to football, particularly the Premier League.
The English Premier League has been the favorite of many Matched Bettors. A reason why Premier League is popular in the Matched Betting community is that almost all online sportsbooks have it in their betting offers.
Not only is this one of the most popular football leagues in the world, but there are matches happening almost every week throughout a season that lasts nearly 10 months.
This means that you will be able to choose from a wide range of different football matches if you pick the Premier League for your Matched Betting adventure. On top of that, you will also have the luxury to pick from all kinds of betting markets.
3 Key Takeaways
Oddshero applies the proven method of Matched Betting to help you profit from bookmaker bonus offers. You can earn your first 1.000 EUR in less than a month!Get started Now - For Free
We recommend Sportmarket as your Broker/Account to the Asian Bookmakers and Exchanges.Visit Sportmarket
Turned over all your Bonus offers? Time to earn even more money with Value Betting.Visit Trademate
Get The Best Articles and News To Your Inbox
Subscribe to our newsletter and stay updated.