As the new season rolls around, everyone is extremely excited about this year’s Premier League competition. With this however, many others return back to sports betting, whether it is on their favourite teams or the biggest matches taking place every weekend. Although this is a popular pastime for many, there is actually a way in which you could potentially make money betting on the premier league this season.
This is achieved through the matched betting strategy, which, if applied correctly and effectively, can potentially lock in margins of profit. If you are unfamiliar with this approach, however, here at OddsMonkey, we will guide you through exactly what it is, as well as all of the betting components and features you are likely to encounter should you be placing any wagers on up-and-coming Premier League matches.
A Brief Intro To The Premier League
Before we get into any intricacies surrounding making money when betting in the Premier League, we must first dissect and delve into all the core components of the experience and how the league is formatted. If you’re unfamiliar with the highly competitive top English division, this consists of 20 different teams. Each team plays a total of 38 games within a season, 2 against every team with one home leg and one away leg. A win rewards 3 points, a draw 1 and a loss results in 0, with these points being totalled up in a table system as the season progresses.
The team with the most points at the end of the competition is crowned Premier League champions, with teams between 1st and 7th place qualifying for various European competitions in the following season. These include the UEFA Champions League, Europa League, and Conference League. However, the 3 teams that finish with the lowest point tallies at the end of the season are relegated to the second English Championship division.
Each Premier League squad going into the 2024 season will register a squad of 26 players, with 8 of these having to be homegrown. It is worth noting, however, that players under the age of 21 are exempt from registration, meaning squads could be larger. Each matchday, a team will field 11 players with a total of 9 other substitutes that could come on at any point. A match is played across two halves of 45 minutes, with each side being permitted to 5 substitutes throughout the match at any point. However, these are required to be made within just 3 stoppages.
Premier League Betting Explained
As the Premier League has developed and included other advancements over the years, most notably VAR, so too has the way in which Premier League betting can be played out. Bet builders have become especially popular within the realm of betting on the Premier League, allowing bettors to make multiple selections for the same match and combine their odds.
The betting odds of Premier League games are decided using a complex, data-driven process that combines statistics and knowledge to determine the probability of each outcome. From underdogs to favourites, each game and individual market within a Premier League game will have its own unique set of odds, with this differing from one bookmaker to another. These could even be displayed in multiple forms too, and using an OddsMatcher could be valuable in order to identify the best odds for the market you may wish to place a stake on.
Premier League Betting Markets
Speaking of Premier League betting markets, this sector is vast, with all of the different options relating to different outcomes and events that could occur within one of these football matches. One of the most popular betting markets you may be familiar with is the match winner bets, with these spanning across all other facets of football betting and sports betting as a whole. With these, bettors try to predict which team they think will emerge victorious at the end of the 90 minutes. However, this market also includes draws as well due to ties not being a foregone conclusion within football like it is in some other sports.
Outright bets are similar in nature; however, this Premier League betting market instead relates to which team you think will win the competition outright by the end of the season. The odds of all the teams are different based on their team dynamics, star players, the manager they have at the wheel, and their previous seasons’ finish, with these being much more long-form and spanning over the whole season as opposed to just one game.
Correct score bets are arguably one of the more difficult Premier League betting markets to accurately predict. As a result of this, these tend to boast higher odds than some other options. These are similar to match result bets; however, these also require bettors to guess the exact score after the final whistle accurately.
If goals are something you feel like you are relatively well versed in, over/under goal markets are another hugely popular Premier League betting market frequently embedded into bet builders and accumulators. These allow bettors to predict how many goals will be scored within a Premier League match, with the betting options being displayed in intervals such as 0.5, 1.5, 2,5, etc. With this, players simply select whether they think the total number of goals will be above or below these displayed totals.
Sticking with goals, Both Teams To Score, frequently just abbreviated to ‘BTTS’ on some bookmakers, work as you would expect by going off their name alone. With this Premier League betting market, players simply select either yes or no in regards to whether they think both participating sides will manage to find the net within 90 minutes. Compared to other sports, such as basketball betting, this is often harder to predict due to games generally being much more closely battled and less free scoring.
Goalscorer bets are also another stand-out Premier League betting market, with these player-specific betting options allowing bettors to place stakes on who they think will bag a goal within a game. Players can either select whether they think their selection will be the first or last goalscorer or just to score at any point during a match.
Double chance bets are relatively straightforward, with these working in a similar fashion to each-way wagers in horse racing betting. With these, not only are bettors predicting which team they think will win, but they also cover the eventuality of the game ending in a draw. Compared to out-and-out match results in Premier League betting markets, these generally have slightly lower odds due to them covering the chance of a stalemate.
Should a Premier League side such as Manchester City, Liverpool or Arsenal be going into a match as heavy favourites, handicap bets are popular options. These are essentially match-winner bets; however, the chosen team starts with a negative score. As a result of this, the team must overcome this imposed handicap in order for the bet to be deemed as a winner, hence their name.
There is an abundance of Premier League betting markets that also relate to different statistics and other events that can occur within a match. These have exploded in popularity in recent times, including things such as total corners, throw-ins, goal kicks, cards, fouls, shots on target and saves, just to name a few.
Card bets alone are another favourite Premier League betting market, with this allowing bettors to place stakes on the disciplinary side of any Premier League game. Each player on the pitch, as well as the substitutes, will have their own unique odds based on how likely they are to commit fouls and pick up a card within a match. Both yellow and red cards are included, with this being yet another component frequently included in bet builders nowadays. When combining multiple of these into a single bet slip, our accumulator calculator could be of great use!
Things To Consider When Premier League Betting
When it comes to Premier League betting, there are a handful of factors that can be taken into consideration when making any selections. There are certain things you could pay close attention to as certain things may potentially sway a match. One of the main things to take into consideration, however, is the teams going into a game.
A team or player’s form is arguably one of the most influential things to make a note of in Premier League betting. This is because this can indicate how well a team may perform going into a match based on their prior results leading into an upcoming fixture. This is also one of the main things that help bookmakers set the odds of their Premier League betting markets, too, with the two sides being pitted against each other in order to determine the perceived probability of each side coming out victorious.
Paying close attention to the players a team has, especially those named in the starting eleven announced 1 hour 30 minutes before each match, is also another factor that should be considered if betting on the Premier League. Noting any star players featured or any absences through suspensions or injuries helps you gain a wider perspective on how a match could play out, with certain individuals possessing the ability to turn a game on its head.
Although it may be considered rather inconsequential to some, noting whether a team is playing home or away could also be something to consider when Premier League betting. This is simply due to the fact that certain sides, most notably Newcastle, Arsenal, and Liverpool, tend to be referred to as fortresses for any visiting sides due to the 12th man and the fans having an indirect impact. Likewise, certain teams may play particularly poorly away from home soil; therefore, being aware of this could be useful information.
At the helm of every team, though, is a manager, with this arguably being the most important role within a club. Being aware of their tactical setups going into a match and how they may complement certain players and target individuals in the opposition can once again provide a more holistic approach to Premier League betting. Being aware of both their attacking style of play and any potential defensive weaknesses a manager’s tactic may expose can help compare the setups of sides, something which could be utilised if delving deep into the statistics.
Speaking of statistics, this is yet another huge thing that could be factored into consideration when Premier League betting. Being aware of the goalscoring records, leaky defences, streaks of clean sheets, disciplinary records of individual players, and even the periods of a match in which a team is most likely to score and concede can also paint a larger picture going into the match. Most notably, expected goals have been a huge statistic favoured by many in recent years, with this outlining the expected performance of a team based on the chances they created, allowing bettors to identify whether a side is over or under-achieving in regards to this statistic.
Best Premier League Betting Offers
As Premier League betting and football as a whole is one of the most popular forms favoured by many bettors, it should come as no surprise there is a whole multitude of Premier League betting offers, each of which operates in its own unique way and provides players with unique bonuses.
For example, early payout betting offers are applied to a majority of Premier League games across the most popular bookmakers. Should a side go two goals ahead at any point during the 90 minutes, a player’s bet could potentially be paid out early, regardless of whether the opposition then goes on to come back and score a draw or even a win.
Should a major derby or battle between two giants of the Premier League be coming up, another one of the Premier League betting offers frequently seen is enhanced odds. This could see certain games and the respective selections within them have their odds boosted above market average, with the Will Hill Epic Odds and Paddy Power Prices being just a couple of examples you may be familiar with.
Another odds-related Premier League betting offer is the range of frequent best odds guaranteed bonuses presented by various sportsbooks. This could see a bookmaker match the guarantee of the best odds compared to all of their other competitors for either a specific game or market. Should another site have higher odds after the full-time period, the bookmakers running these offers will match that, adjusting any potential returns accordingly.
These are just a couple of examples, not to mention the wide array of Premier League betting offers provided as part of sign-up offers. These can come in a whole myriad of different forms, from matched deposits and ‘Bet X, Get X’ bonuses all the way to free bets and cash-back bonuses should their first selection lose in a certain fashion. Some of these are commonly included as reload offers as well, with these being given out throughout a Premier League season every week with some specific sports betting sites.
No matter the type of Premier League betting offer that may be claimed, however, more likely than not, these will come with their own terms and conditions that must be closely abided by to be eligible for any bonuses stated. Things such as wagering requirements, market restrictions, minimum odds, and time limits may also be applicable; therefore, being aware of these aspects is key.
How To Start Premier League Matched Betting
Regardless of the bonus a sportsbook might present, one way in which you could get the most out of Premier League betting offers is through the match betting strategy. If you are unfamiliar with this innovative betting approach, which is now one of the most popular side hustles in the UK, this essentially leverages free bets and other promotions provided by a bookmaker in order to cover all potential outcomes of a certain game or market.
This is achieved by placing both a back and a lay bet, which are placed on sportsbooks and betting exchanges. A back bet refers to an outcome to occur, whilst a lay bet does the opposite, relating to an event not to occur. By placing these two types of bets on the same Premier League betting market, these essentially counteract one another, cancelling out any risk and covering all outcomes in the princess. If using sets of odds that match across both platforms, you could potentially lock in a margin of profit, too, with this being the main benefit of applying the matched betting strategy correctly.
To start Premier League matched betting is where all the different types of sportsbook promotions come into the fold. These can be claimed by placing qualifying bets, and once settled, players could be accredited with different amounts of free bets depending on the bookmaker’s promotion. With these free bets, users can cover the back bet component of a matched bet, with the lay bet requiring the players’ real funds over on their chosen betting exchange.
By utilising a matched betting calculator, you can ensure the odds of both bets, as well as their odds, result in an effectively matched bet. This is just one of the many betting calculators out there, with this only requiring the stake, odds and any exchange commission in order to work. Applying the matched betting strategy can help you get the best value out of any Premier League betting offers you may have, either converting them into real cash or using them to cover the counteracting lay bet, thus securing a profit.
Premier League Matched Betting At OddsMonkey
If you want to delve deeper into the matched betting strategy as a whole, especially when it comes to the new Premier League season, we here at OddsMonkey can provide you with all the information, tools and resources you may need in order to apply this strategy in the most effective and efficient manner. From video tutorials all the way to software such as our single bet calculator, all of these tools can be used to get the most out of any Premier League betting offers you may receive this coming 2024 season.
Our Premier League betting guide is just one of the many we have on site too, with there being a whole plethora of other sports betting guides on site as well. Should any nuanced promotions or bonuses arrie throughout the season in regards to the sports betting world as a whole, you can also stay up to date with all of this via our dedicated matched betting blog as well!
