Top 10 Matched Betting Tips for Beginners (Updated for 2022)

I have compiled a list of matched betting tips for beginners that I think every new matched bettor should know before they start matched betting in 2022.

They include setting up a separate bank account, setting up your betting exchange accounts, and signing up for a matched betting service.

Matched Betting Tips for Beginners

Matched Betting Tips for Beginners

1. Setup a Separate Bank Account

You should prioritise setting up a separate bank account to deal with all your matched betting transactions.

Not only will this help you keep track of your matched betting profits but it will also help you avoid any issues down the road if you need to apply for a mortgage or load with your main bank account provider.

If a finance professional reviews your account and sees frequent transactions with bookies, then they may jump to the conclusion that the individual in question has a gambling problem and therefore are an increased loan risk.

Having a separate bank account can help avoid this problem.

2. Set Up Your Exchange Accounts

Before completing any matched betting offers, it is best to have accounts set up with the main betting exchanges.

I have written guides on how to set up an account with the most popular betting exchanges: Betfair, Smarkets, Bedtdaq, and Matchbook.

3. Consider Signing up for a Matched Betting Service

If you are a complete beginner and you have never had a bookmaker or exchange account in the past, then I would recommend signing up for a matched betting service.

A Matched Betting Service will provide you with step-by-step guides on how to complete each offer.

They will also be on hand to answer any questions you may have when completing a particular offer.

I have also found that the community forums on these sites are very useful.

You can see what issues (if any) other users have had when signing up with a particular bookie or casino.

This can help you avoid making the same mistakes.

I find the forums especially useful when I am considering whether to complete a casino offer or not.

If I see that the majority of other users have lost money on the offer, I may consider skipping that particular offer.

There are many matched betting services available to new matched bettors but the one I recommend for beginners is the matched betting service provided by Profit Accumulator.

Currently, you can sign up for a free trial with them to try out their service.

You can also check out our Profit Accumulator Review for further details on the services and matched betting tools they offer.

4. Start Small

I would recommend sticking to the more straightforward Bet X get Y sign-up offers, to begin with as although the rewards from these offers are low, it is important that you get used to the whole matched betting process before tackling more complicated offers where you have to roll over your balance a number of times before you can release a bonus.

Once you have gained some experience, you can move on to the more complicated offers.

5. Always Doublecheck the Terms and conditions of an offer

Before completing an offer, always double-check the terms and conditions on the website of the bookie or casino.

Terms and conditions may have changed recently, making the offer less attractive than it was previously or you may not be eligible for the offer due to the country you reside in.

6. Avoid Arbitrage Bets

When placing qualifying or free bets with a bookie, it is best to avoid any arbitrage bets (or “Arbs”), as regularly placing arb bets will lead your account to be gubbed by the bookie.

Arbitrage bets are when the odds at the bookie are higher than they are at the betting exchange.

7. Avoid High Odds

Avoid using high odd selections on your qualifying/free bets, as this will help keep your bookie account healthy for longer.

Another benefit to not using high odds is that you avoid the risk of your bet winning at the bookie and having a big loss in your betting exchange account.

8. Avoid High Risk Casino

When you are starting out, it is best to avoid high risk casino offers as you could lose your entire qualifying deposit when completing such offers.

Although, if you follow an advantage play strategy and only complete casino offers that have a positive EV, you should profit over the long term with these offers.

However, I believe the high variance involved in completing these offers is not suited to Matched Betting beginners.

9. Be aware that Betfair and Paddypower are part of the same Group

Both Betfair and Paddypower are part of the Flutter Entertainment Group, therefore when looking to lay bets you placed at Paddy Power, you should not use the Betfair exchange.

Instead, you should lay the bet at Smarkets or another betting exchange.

10. Avoid Advanced Matched Betting Strategies to begin with

In my opinion, more advanced matched betting strategies such as the Bet 365/Paddy Power 2up offer or the extra places strategy should not be tackled until you have completed all the sign up offers and you have built up a profile with the bookies by placing some mug bets on football and horse racing.

Final Thoughts

Hopefully, you found the above matched betting tips for beginners helpful.

Leave a comment below, if you have any questions or if you have any matched betting tips of your own.

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