No Risk Matched Betting, or Bonus Blagging as it’s sometimes called, is a great way to make a bit of extra money, whether you are a student, paying off debts or even looking to make a bit of extra cash to travel. It involves cashing in on the free bets from the bookies by betting them and then matching them on the exchange, so you are up regardless of outcome. Matched Betting is much easier to do if you use one of the best matched betting sites baround to help you to find the offers and calculate the maths for you. The best matched betting sites I have found are Profit Accumulator and OddsMonkey. I’m going to outline matched betting for you and then compare the best matched betting sites so that you can decide which is for you.
How much can you earn from Matched Betting?
In my first month, I was £1278 up from cashing in on all of the sign up offers available with the bookies. In my second month, I made £923 and in my third I made £727. Remember, this is tax free, because you won it on the horses! I did this whilst also holding down a full time job, by the way, but I was matched betting for roughly an hour each evening and a little more on weekends.
As time goes on, it gets harder to make big money as quickly as in your first few months, because the most profitable offers are the sing ups. For example, join Bet Bright as a new customer and bet £10 get £30 of free bets — these kind of offers can only be done once. After the sign up offers have all been completed, however, there are reload offers such as £10 risk free with Ladbrokes for certain football matches, and bet £10 get £10 on bookies such as William Hill. These offers that come up once you have already signed up as a customer are known as ‘reload offers’. Because of these, matched betting has long term potential. I’m still making £200-£300 a month alongside my full time job, and that’s not even betting every day. This year, my matched betting funded 30 days in Thailand seeing the most amazing sites and travelling in style.
What is Matched Betting and How does it Work?
If you are looking for credibility of matched betting as an online income, turn to The Guardian and Save the Student — two credible sources showing the potential of matched betting. The best exchange to use is Betfair (sign up with code NT6KNWKQK) — it’s the easiest to use and there is a lot of cash in the markets.
There are two stages of matched betting generally speaking:
- Place and lay your ‘Qualifying Bet’ e.g. Bet £10 on William Hill and then match it on the exchange (using a matched betting calculator).
- Place and lay your ‘FREE Bets’ Your free bets will be released, so then you need to bet those and match them on the exchange.
Best Matched Betting Sites — Why do I need an Online Matched Betting Tool?
Remember, each bet you place has to be matched on the exchange and this must be carefully calculated. Miscalculate, or fail to lay your bet before the odds change, and you could risk losing money, this is why you need to use one of the best matched betting sites as an online tool to help you. There are two main benefits to using matched betting sites to help you. The first is that they research all the best offers so that you don’t have to, saving time. Secondly, they provide you with a matched betting calculator or range of calculators to help you to calculate the profit, earning you cash.
Best Matched Betting Sites — My Top 5
The best matched betting sites, in my opinion, are Profit Accumulator and Odds Monkey. There are others, but these two fluctuate between the top spot. The competition between the two platforms keeps them on their toes, constantly forcing them to improve and keep down their prices.
1. Profit Accumulator
Profit accumulator is my top choice for matched betting. It keeps me up to date with all of the best offers by email, as well as a clearly labelled ‘offers’ sections that are easy to use. You work through the sign up offers first, and then move onto the reloads once you have done those.
Each offer comes with clear instructions and sometimes a video and odds displayed. It’s very easy to use. If you would like to test the platform out, the first two offers are free and will make you around £30-£40. You can sign up here. Here’s an example of what an offer looks like on Profit Accumulator:
Profit Accumulator has several matched betting calculators, with the most basic again very easy to use, and it tells you how much you need to lay on the exchange according to your odds…
Profit Accumulator used to be the most expensive monthly subscription out of the best matched betting sites at £22.99, but it has recently brought it’s price down to £17.99 to be inline with Odds Monkey. You can also receive a reduction for loyalty – after a year with Profit Accumulator, your monthly subscription reduced to £14.99.
Read this full Profit Accumulator Review.
2. Odds Monkey
Odds Monkey is the oldest Matched betting site and one of the most popular. It was the first arb finder on the market and therefore pre-dates Profit Accumulator, which may be an indicator as to why it is so popular. This comes out top on many reviews, I think for me, it’s just a personal preference for Profit Accumulator, because I am used to this platform, but all all honesty, there’s not much between the two. One of the best things about Odds Monkey is that they have a research team working 24/7 to find the best matched bets, and their calendar is updated on a daily basis. I also found it excellent for Dutching and Extra Places on the horses.
Odds Monkey is £17.99 a year or £150 for an annual subscription. Both Odds Monkey and Profit accumulator have a profit tracker which helps you to keep up to date with your online earnings.
3. Matched Bets
Matched Bets are certainly the cheapest of the best matched betting sites at just £14 per month. It is also the only one with a live chat. The forums are excellent on both Profit Accumulator and Odds Monkey, but live chat is excellent for newbies. You can try Matched Bets for 14 days for just £1.
4. Profit Squad
The newest of the best matched betting sites is Profit Squad, which was launched in 2015. The Cost of Profit Squad is £15 per month or £99 for the annual subscription. They have all the regular offers, but their forum excels in support for more advanced techniques such as each way dutching on the horses. Like Matched Bets, Profit Squad also have a £1 trial for 14 days if you want to dip your toe in.
5. Free Bets
If you are looking for something free of charge, you can get by with Free Bets. No subscription, yet it still offers the basics — odds matcher, offers and free bet calculator. This is the matched betting site of choice if you don’t want to pay out on a monthly basis.
Overall, any of the best matched betting sites will show you the best offers and help you to profit. I wouldn’t hesitate to recommend any of the above. Personally, if you can afford the slightly higher subscription, I would go with Profit Accumulator or Odds Monkey if possible. Profit Accumulator is also one of my top earning affiliates, and you can join as an affiliate too, making money from recommending a product that will be sure to help your friends.