Once you’ve learned the basics of matched betting, you’ll have seen how quite straight forward it is. Open an account, make a bet that qualifies for the free bet, then use the free bet to guarantee money. You might be wondering what happens next.
Keeping Your Accounts Open
- 1 Keeping Your Accounts Open
- 2 Keeping Your Money, Accounts, Login Details and Bets Organised
- 3 May 2017 update
This is the key to making a regular profit with matched betting services like Profit Accumulator. You need to be vigilant and ensure you don’t leave an obvious footprint to the bookmaker, which will flag you up in their systems as someone who is here to guarantee profit and run!
People often think that once you’ve made an account and used the free bet, you’re done with that bookmaker. Wrong. Bookies want you to keep coming back and losing money. They love people that gamble each and every week. To entice you into doing that, they’ll continue to offer you regular offers and promotions.
You’ll get offers sent by text and email, especially at the weekend when there’s a lot of football on. Some of these offers are simple and we love them. It might be a nice easy bet £10, get £10. Some aren’t worth bothering with or are a waste of time. I’ll cover that subject later.
In order for bookies to send you regular offers, you need to look like a normal punter, and not a matched better
How Do I Look Like a Regular Punter?
Normal punters will do anything to try and make money. They see gambling as a way of making quick and easy money. They bet regularly, especially at the weekend. They bet during the week when European Cup games and English football is on. You need to look like a normal mug punter and here’s how.
Bet On Your Favourite Team
Betting on the same team each week is a great way to look like a mug better. If you bet on a team like Man Utd or Arsenal every week, the bookies will think you support them. Mug punters often go heart before head – meaning their loyalty and love for a team often clouds their judgement. They’ll think their team is certain to win each week – regardless of who they’re playing. Use an app on your phone like Forza football to remind you each time your team plays. Each week back and lay your favourite team to win. You won’t make any money from doing this, but you won’t lose any either. The bookies will love you, especially if it’s a team like Man Utd that are under priced favourites.
Betting On Favourites In An Accumulator
Mug punters often put together huge accumulators containing 6-14 teams they think are guaranteed to win. Anything from 50p to £10 on an accumulator each week is going to make you look like a mug. You don’t even need to lay these off. Stick £2 or £3 of your matched betting fund on eight or so big favourites to win. You’ll keep your bookie account in good shape, stay under the radar, and if luck is on your side you might even win! Long term this offers excellent value. Bookies love people betting on more than one team at once – they make huge pr0fits from it – so even if you do a £1 accumulator each weekend and hit a few £50 winners then you’ll make a profit on top of it. Perfect!
Not Taking Value
Bookies hate people betting on obscure matches that they don’t know much about. Generally, the lower the league and smaller the team, the less the bookies know about it. The odds will be set based purely on stats and league position, so betting on these teams means you’re taking ‘value’ – eg you’re betting on something that they haven’t purposely lowered the odds to balance their books. The same goes for other sports, especially big odds horses. If you don’t bet on horses much, then stick £50 on a high odds horse as the lay odds are lower, they’ll see you taking value/taking an ‘arb’ bet (a matched bet that guarantees profits due to them over pricing something).
If you see bookies offering odds of 5.50 and the exchange offering lay odds of 3.50, you might think it’s a golden opportunity to lock in risk-free profit. It is, however, the bookies will spot their pricing error and red-flag any customer accounts that have jumped on it. Don’t do it and you’ll keep your account from being restricted.
Keeping Your Money, Accounts, Login Details and Bets Organised
The best way to be efficient and make good profits whilst matched betting is to stay organised. You want to be mug betting the big bookies (bet365, William Hill, Paddy Power, Betfair Sportsbook, Bet Victor, Boylesports, Coral, Betfred, Ladbrokes, Betway) on a regular basis. This will mean you can hit every promotional offer that’s worth doing, without worrying about being restricted. Having good bankroll management and keeping your cash flow under control is key.
Use a Dedicated Bank Account
I suggest you open a new bank account once you have got to grips with matched betting. Go to www.ffrees.com and open an account there. You can do it entirely online and they send you a debit card just like a regular bank. Using a bank account just for your matched betting will allow you to build your funds up on a regular basis, without having bank fees, direct debits, bills, rent etc taking priority and slowing you down.
If you’ve recently started out, I suggest you have most of your money in the exchanges like Betfair or Smarkets. When doing a reload offer on an established bookie, I suggest leaving some of your money in your bookmaker account. For example, a bookie like Betfred have regular offers. If they see that you’ve got untouched winnings still sitting in your account, they’ll be doing all they can to tempt you into betting with it.
Keeping money in your bookie accounts (only the established, trusted, top bookies) makes life very easy when mug betting. If you regularly mug bet on favourites and they win, your bookie balance will keep growing. Withdrawing £20-£40 every few days will have the bookie thinking that you are trying to make a second income from gambling – by betting on short odds and regularly taking the winnings out, but leaving some in there to play with.
Use your bookie balance to do £2-£4 worth of spins on a slots game, or put £1-£5 accumulators on every now and again. The winnings from these you can withdraw and treat yourself and your family for all your hard work!
Keeping it separate from your “real life” money will be a massive help. It’ll allow you to see exactly how much money you’re making whilst matched betting, as your account balance will be constantly growing.
It won’t tempt you into splurging cash on an unplanned trip out, gifts or meals in restaurants, as it’ll be tucked away from your personal funds. It will also prevent you forgetting about the council tax direct debit that you’ve got to pay and using bills money for matched betting.
Advanced matched betting tools
As you gain more experience with matched betting, you’ll find new and even more profitable ways of making money. Profit Accumulator has a wide range of advance matched betting tools.
The main two you are most likely to use are Match Catcher and Acca Catcher. Match Catcher is a brilliant tool that helps take advantage of horse racing refunds, while Acca Catcher is a great way of maximising profit from football offers like acca insurance. Acca Catcher is immensely useful during the football season and you can read my full review of Match Catcher here.
Matched Betting Spreadsheet and Notebook
I personally use old school and modern methods to track my progress. All my account balances, logins, passwords, free bet amounts, profit, loss and accumulators are tracked in one giant spreadsheet. The first sheet is used to display a big overview of all my bookie accounts and exchanges. At the bottom, it totals up the balances, pending withdrawals, free bet amounts that haven’t been used. It basically shows me how much my MB empire is worth – how much I have in total, so that if life ever got to the point where I needed to pull the plug on the whole system – I would know exactly where my money is and how much I have.
I then use a notebook for reminders. If you’re doing matched betting on your lunch break or in spare five minutes here and there, it can be easy to forget what bets you have backed/layed. I jot things down by hand as its so quick. I make notes like “remember to lay Chelsea before 4PM Sunday, accumulator #5 leg #6” just to help to not forget when my accumulators are happening and which teams/games/days
Most regular matched bettors use some sort of spreadsheet, and Profit Accumulator have made this one available for free.
May 2017 update
Profit Accumulator have added Profit Tracker – so there’s no need for a separate spreadsheet to monitor your overall matched betting progress.
This handy tool will come in useful. It works directly with the matched betting calculator, so you don’t even have to input the numbers yourself.