Matched betting is a fool-proof way of making money on gambling sites. You cover your back so you can’t mathematically lose, and the gambling sites give you free money to keep playing.

It sounds to good to be true at first, but carry on through the tutorial and you’ll see just how effective matched betting really is.

1# Find 2 Good Betting Sites with Deposit Bonuses

First you need to pick 2 gambling sites. Here’s a 2 to that you can start with:

Each site has a bonus offer for new members. With Betfair, when you bet £10 you get £30 in free bets. With William hill you get the same too!

william hill £30 pound free bet deposit bonus
William Hill, Bet £10 Get £30…

Read before you act:

By placing your first bets, you will have £40 on the table at BetFair and £30 with William hill. It would be great if you could pull the money out straightaway, but unfortunately you can’t do that.

You need to bet the Free Bets to get withdraw-able funds in your cash balance.

Do not place any bets yet. Simply signup to both sites and enter the promo-codes and we’ll deposit momentarily.

2# Find 1 Game, On Both Sites

We’re going to bet on both options, but on only one per site. In my example, we’ll bet on Over on William Hill and Under on Betfair.

Select Over/Under 2.5 Goals

betfair over under football odds
Change the Odds Market to Over/Under

We’ll be betting on Under or Over 2.5 goals in Football because there are only two options. Match odds has 3, which is bad for us. Here are the links for William Hill and for BetFair. Change the match odds to Over/Under..

Then spot a match where the odds for both sides are fairly equal and nearest to 2 as possible.

william will matched betting football english league
Odds are 1.91 for both teams to win.

Then find the same game on the other site..

betfair matched betting over under football
Odds aren’t exactly even here but the difference is very small.

Set Your Betting Odds to Decimal

Things can get confusing if they’re in fractions. There’s a box on both sites where you can change the odds to decimal.

betfair in decimal odds
Betfair Decimal selector, at the bottom of the page..

On William Hill its above the games you can bet on. On BetFair is right at the bottom of the page near the footer.

william hill decimal odds
And the Decimal odd selection on William Hill…

3# Deposit £10, On Both Sites

Once you’ve found a game that you’re happy with on both sites, ensuring it is the same game and its an Over/Under game with only 2 options, deposit on both sites.

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betfair transaction fee
Don’t get caught out by sneaky transaction fees, you might miss your deposit limit!

If a site charges a transaction fee, make sure you factor this in. You must meet the bonus requirements. Don’t miss any coupon codes that you need to put in.

betfair promo code when you sign up
Betfair accepts promo codes when you sign up

Place your first bet on one team on one site, and bet on the opposite team on the other site. The idea is that you cannot feasibly lose.

Once the bet comes in, you will end up with £19~ on one site and £0 on the other in your cash balance. You will have been credited with your bonus free bets on both.

4# Repeat With Your Free Bets

With your free bets, if you’ve followed this guide, you will have £69 in total. But as I mentioned before, you need to bet your free bets so they are in cash.

Repeat the same process as before, find a game you are happy with on both sites. Bet on the opposite teams on each site until all the free bets are spent.

5# Withdraw Your Money

withdraw funds betfair

And that’s it. You’ve completed your matched betting process and you will have come away with more than 5-6x your money.

6# Do Not Be Fooled Into Gambling Without Matching Your Bet

Gambling is highly addictive. Do not feel enticed by the marketing on these sites. The only way you can win long-term is if you match your bets and harvest the deposit bonuses.

7# Scale Up & Make More

Once you’ve cashed out your first cycle of cash, you will not be able to get another sign-up bonus.

Now you need to seek out more sites with sign-up bonuses and do the same thing.

list of best deposit bonus betting sites
A nice set of sites you can use, 123SportBetting
You can really hit the jackpot with sites that offer percentages on your deposits. Some sites offer 100% bonuses on 3 figure deposits. But again, please please please please, do not deposit more than you can afford to risk. Do not feel enticed to gamble. And make sure you’re 18 years of age.


Watch Some More Complex Guides

Some people like to use the exchange, you can get better odds here and gain more lucrative profits. Here’s a great video for you to watch.

Get Matched Betting Tips

Lots of people push tips of Twitter, follow these accounts and get the best wins direct!

If you have any more questions or if you’re unsure about this guide, feel free to leave a comment below and I’ll get back to you within a few hours.

Until next time, Josh