Matched Betting in 2023: What's Changed and What You Need to Know

The word on the street is that matched betting doesn’t work as well as it used to, but is that really true? Let’s find out.

What You Need to Know About Matched Betting 2023

Basic Understanding of Matched Betting

Matched betting is a strategy that lets you make quick and easy money with sports betting without taking any risks. How it works is that you sign up for a sportsbook and receive a free bet as a welcome offer. You then place this bet while Simultaneously placing the opposite bet on an exchange. Let’s take an example:

1. You receive a free bet of $50 and you place that bet on Inter To win over Milan at 2.00x.
2. On an exchange like Betfair, you place a matched bet of $50 on Inter Not to win at 2.00x.

You risk $50 (the bet you placed on Inter not to win), but regardless of whether Inter wins or not, you will receive $100, so that free bet of $50 is now your money.

How Can I Find Matched Betting Opportunities?

Finding matched betting opportunities is very easy; you just have to find a bookmaker that will give you a free bet. Here is a list of recommended bookmakers.

Risk Management

Matched betting does require some speed and precision, and You can make mistakes if you’re careless. To avoid making a mistake and losing your money, the number one rule is to Avoid Live betting matches. From the time you place your first bet until you place your matched bet, anything can happen. This is why we always recommend sticking to pre-game when doing matched betting.

Improving Profits

In order to Improve your profits, make sure to deposit enough to cover the full promotion. In fact, we recommend depositing a bit more in order to avoid being detected for doing matched betting. Matched betting is not illegal, but no bookie likes it when their players make a zero-risk play. So, they have terms in place that can allow them to gub your account if they detect any matched betting activity. But don’t worry, you will not lose your money even if you are detected; they will just limit your account and restrict you from placing profitable bets. So, be smart about it, deposit a bit more than just the promotion requires, and stick to popular matches that everyone would bet on.

Does Matched Betting Still Work in 2023?

Indeed, it does. You can easily make $500 in your first month with matched betting. After that, your options can be a bit limited. There are only so many sportsbooks out there that can offer you that first free bet. If you’re interested in a similar method that can give you risk-free money, check out arbitrage betting.