When beginning your journey into the world of matched betting, free bets are a huge part of creating a profit and are often one of the easiest ways for matched bettors to lock in a profit as it is effectively risk-free. Yet, free bet offers are not evergreen and can disappear once they have been used, meaning there are plenty of other techniques that matched bettors can use to lock in a profit without using free bets. Here at OddsMonkey, we will look through some of these ways, how to use these techniques effectively and how other tools available at OddsMonkey can help you complete these techniques.
Matched Betting Techniques
One of the most common and easiest ways to match bets is through price boosts. These come in different names from different bookies, such as ‘Odds Boosts’ and ‘Enhanced Odds’. Whenever the boosted odds are higher than the lay odds at a betting exchange, a back and a lay bet can be placed to create a matched bet. Make sure to use our matched betting calculator to ensure that the odds match up to create a profit, no matter the outcome. Price boosts are one of the simplest and easiest ways to match bets, as they do not take much time and can lead to locked-in profits.
Another fairly simple way to match bets is to use cash refund offers, which are offers that bookmakers will refund cash back if the bet loses. At OddsMonkey, we have a comprehensive risk-free offer guide that covers all offers, such as cash refund offers. By placing a back and lay bet, you will be able to lock in a small loss, which will be covered by the cash refund, or the bet will win, meaning you will receive the return amount! The main problem with this technique is that if your account is gubbed, then it will be unlikely that you can take part in these kinds of offers.
If players are looking for a way to place matched bets without placing bets on any sporting events, take a look at the casino offers they have, as these can be ways of creating matched bets as well. Make sure to check out our in-depth matched betting casino offers guide to find out about all the possible risks involved. Taking advantage of casino offers is incredibly different from standard matched betting, as players will most likely have to incur a sizable loss before making any profit, meaning players must go in with the right mindset and must always play responsibly.
One of the harder ways to place matched bets is through extra place offers. These offers will add one or more places into a particular each-way bet offer, which means if the race is placing four places instead of 3. Bettors can place a matched bet, so if a horse finishes in that 4th position, they can still make a profit. It is important to note that this form of matched betting is advanced and not something to jump straight into if you are an experienced matched bettor.
Arbitrage betting is one of the most popular matched betting ways. It does not use any free bets and is relatively easy to do. Arbitrage betting is when you place a back bet on the bookmaker who is offering higher odds than the available lay odds at a betting exchange. This is a fairly simple process that can lock in profits when using the matched betting calculator in the same way as the price boosts. Even better still, players don’t even need to use our matched betting calculator as we have our very own accustomed Arbitrage betting calculator, which makes the process even simpler.
Matched Betting Techniques At OddsMonkey
With no free bets able to be used, some of these matched betting techniques could look quite daunting. Yet OddsMonkey is the best place to learn and develop your matched betting techniques, with all of these different ways to match bet being important to ensure players have varied ways to match bet. Our matched betting blog is one of the best places to find all sorts of tips and tricks that can help you implement matched betting techniques.
While also creating guides and tips, OddsMonkey is home to loads of different calculators that will not only help you create successful matched betting opportunities but can also help you with all different forms of betting, from our single bet calculator to our accumulator calculator software on-site.
