Last Updated on December 28, 2020 by Ben Adams
So, you’ve made your first £500-£1000 from new account matched betting offers. Is that the end?
I asked the same question when I first started.
Only making money from new account offers is a common misconception many people have.
I was surprised to find out just how many matched betting offers there are to help make regular monthly profits.
What Are The Best Matched Betting Offers?
I’ve made a list of the best matched betting offers available for existing bookmaker customers.
You can use them to keep earning and make a regular extra income each month.
I’ve ranked each strategy (Easy, Medium, Hard) on how simple or difficult I find them in comparison to the new account offers.
1. Bookmakers Will Send You Ongoing Reload Offers (Easy)
When you sign up for an account with a bookmaker, always make sure you select the box that opts you in to receive promotional offers.
You will receive emails, texts and even phone calls with generous promotional offers.
The bookmakers will try to tempt you back, hoping you will gamble and lose (they don’t know you are matched betting, yet).
The more bookmaker accounts you open, the more ongoing matched betting offers you will receive.
It’s helpful to set up a separate email solely for matched betting.
It keeps all your offers in one place and not clutter up and get lost in your personal email inbox.
2. Bookmakers Run Ongoing Promotional Matched Betting Offers (Easy)
There are many ongoing bookmaker promotions every day, available to all existing customers.
These offers are sometimes good, and also at times not so good.
The problem is, how do can you keep up with them all and know which offers are valuable and worthwhile?
This is where matched betting services can help.
I personally use Oddsmonkey.
(You can read my in-depth review of Oddsmonkey here).
As an Oddsmonkey member, you have access to a calendar that is filled with the best available matched betting offers each day.
You can filter the offers based on difficulty and value (like I’ve done above).
Here you’ll find regular matched betting offers like:
– Bet X Get X Amount Free Bet Offers
– Second Place Horse Racing Offers
– Low-Risk And Free Spin Casino Offers
The Oddsmonkey daily offer calendar is my go-to tool, I check it each night and plan the following day.
3. Low Risk And Free Spin Casino Offers (Easy)
If you have worked through the Casino new account offers at Oddsmonkey, you will likely be familiar with how these work.
The best of these offers are listed on the daily offer calendar.
Unlike some sport reload offers, you won’t make a profit every time.
However, by following the instructions for each offer listed in Oddsmonkey, the odds will be tipped in your favour, rather than the Casino.
Most of these offers are very simple and quick to complete.
4. 2UP Early Payout (Easy)
This offer is currently available at Bet365 and Paddy Power.
To take advantage of this offer, all you need to do is place a back and lay bet on a football team to win.
The key is to make sure the odds between the bookmaker and betting exchange are close.
The closer the odds the higher value your bet will be.
If the football team you place a back bet on go 2 goals up, the bet will automatically be paid as a winning bet.
If your team then goes on to draw or lose the game you will also win your lay bet.
Talking part in this strategy is low risk and has the potential for high returns.
It is very quick and easy to set up these bets, although you need to be very patient.
It’s likely you will have many small qualifying losses before hitting a larger return.
I think this is the best matched betting offer around in 2021.
I created a full guide on the 2up early payout offer here.
5. Extra Place Strategy (Medium)
One of my favourite matched betting offers.
This strategy is used for horse racing and golf.
The extra place strategy takes advantage of each-way bets and occasions when bookmakers payout on more places than usual.
For example, if there were 18 horses in a race, there would usually be 4 places to be paid from an each-way bet.
However, at times bookmakers may offer to pay out on the 5th placed horse also.
There are a few ways to take advantage of this offer.
The most common method starts by using the Oddsmonkey Extra Place Matcher to find a close odds match on selected events.
By placing an each-way bet with the bookmaker and lay bets in the Betfair (or other betting exchange) win market and place market.
If the horse does finish in the extra place, you get paid out from the bookmaker each way bet and your lay bet at Betfair.
You can cover a few horses/golfers in the same race to increase the chance of hitting the extra place.
This type of offer again can be highly lucrative. Particularly at big horse racing festivals such as Cheltenham.
I’ve written a full guide on extra place offers here.
6. Football Accumulator Offers (Hard)
Edit: These offers aren’t as common in 2021. It’s always worth keeping an eye out for these types of offers as they pop up from time to time.
An accumulator is a single bet that links together two or more individual bets and is dependent on all of those bets winning together (I hope that made sense!).
Many bookmakers have an ongoing football accumulator offer often referred to as ‘Acca Insurance’.
Some offers differ slightly, but generally, you need to bet on 5 football teams to win, if one team loses, you get your money back as a free bet.
The Oddsmonkey Acca Finder. This software displays the best available combination of teams that will allow you to lock in the most profit.
There are a few different ways you can make money from them.
It took me a while to get my head around it, but I now regularly use what Oddsmonkey call the ‘lock-in’ method.
The lock-in method is risk-free and means you ensure a profit no matter which teams from your accumulator win, lose or draw.
We are able to do this by laying each team sequentially in response to the previous result.
Mastering Acca offers takes practice and patience while you build your confidence using the tools available from Oddsmonkey.
7. Eachway Matching (Hard)
This method is mainly used for horse racing and golf.
Eachway Matching takes advantage of a discrepancy between the place price in Betfair (and other betting exchanges) and the place terms offered by bookmakers.
It’s possible to lock in a profit before the event even starts.
Oddsmonkey provides a brilliant tool called the Eachway Matcher.
The EachWay Matcher displays live horse odds all day every day searching for the best prices available.
This flags up Eachway Matching opportunities that we can profit from.
As always with Oddsmonkey, there is a handy calculator that tells you exactly what lay stakes to place in order to lock in a guaranteed profit.
Eachway Matching works best in races where there are more horses running and there is a strong favourite, but also works in smaller fields.
During big horse racing festivals such as Cheltenham, there are a lot of opportunities which can be very profitable.
8. High-Risk Casino Reload Offers (Hard)
High-risk casino offers aren’t matched betting, but they are related in the sense that we are using the bookmaker’s money to profit.
Some high-risk advanced ones carry more risk but that doesn’t mean that they aren’t profitable and well worth doing.
It’s essential to have a clear understanding of EV (estimated value) and variance before jumping into casino offers.
This will help you take a long term view and see that you will profit by taking consistent value.
I’ve ranked these offers as hard because you need a large bankroll to manage losing runs.
You also need excellent bank management and a patient mindset.
9. Arbitrage Betting (Easy)
(Caution! You will get gubbed a lot quicker than normal)
This is a very simple method of making an instant profit by placing one back bet and one lay bet.
Arbitrage betting opportunities occur when the bookmaker prices an outcome higher than exchange price.
If we take a closer look at the top arbitrage bet available, the horse called Haseef running at 16:25 Lingfield.
Bet365 are offering odds of 7 for the horse to win.
By placing a £100 on Haseef at Bet365 at odds of 7. We could lay at lower odds of 6.4 and guarantee an instant profit of £9.35.
While this is a very easy profit, It will lead to you getting gubbed quickly.
If you take these arbitrage bets you will stand out to the bookmakers and you will see your accounts swiftly restricted.
If however, you have been gubbed by a particular bookmaker and you can no longer benefit from free bets, bonuses and incentives.
It might then be appropriate to place arbitrage bets in order to squeeze a bit extra profit from the account.
It’s likely they will soon limit your stake size, which will effectively prevent you from placing any more bets with them.
I hope this post helps you realise the ongoing potential of matched betting offers.
There really is plenty of life long after the new account offers.
If you feel overwhelmed, focus on adding one new strategy at a time.
It won’t take long until you are comfortable and can start using multiple strategies simultaneously.
To further increase your monthly profits from matched betting, you could look into so-called partner friendly bookies for more opportunities.