Multi account matched betting is a popular betting strategy where a bettor takes advantage of the free bets and promotions offered by multiple bookmakers. By placing opposing bets on the same event, a bettor can guarantee a profit regardless of the outcome. In this article, we’ll cover everything you need to know about multi account matched betting, including its history, advantages, disadvantages, and how it works.
Matched betting has been around for over a decade and has become increasingly popular in recent years, particularly in the UK. Originally, matched betting was done using only one bookmaker, but the rise of online betting has allowed bettors to use multiple bookmakers to increase their profits.
The main advantage of multi account matched betting is the ability to take advantage of a wider range of free bets and promotions. By using multiple bookmakers, a bettor can increase their profits and reduce their risks. However, there are also some disadvantages, including the risk of account restrictions and closures.
How Multi Account Matched Betting Works
The basic principle of multi account matched betting is to place opposing bets on the same event, using the free bets and promotions offered by bookmakers. For example, if a bookmaker is offering a free £10 bet, a bettor can use that free bet to place a bet on one outcome, and then use another bookmaker’s promotion to place a bet on the opposing outcome. By doing this, the bettor can guarantee a profit regardless of the outcome.
To make a profit from multi account matched betting, a bettor needs to calculate the risks and profits involved in each bet. This involves working out the odds of each outcome and calculating the amount to bet on each side. There are many online matched betting calculators and tools available to help with this process.
One of the keys to success is to find the best free bets and promotions from different bookmakers. This involves researching the different offers available and comparing them to find the most profitable ones. It’s also important to keep track of your bets and profits to ensure you’re making a profit overall.
Finding the Best Bookmakers for Multi Account Matched Betting
Finding the right bookmakers is an essential part of multi account matched betting. The more bookmakers you have accounts with, the more opportunities you have to take advantage of their free bets and promotions. However, not all bookmakers are created equal, and some are more suited to matched betting than others. In this section, we’ll take a closer look at the criteria for selecting bookmakers and compare the sign-up offers and ongoing promotions of some of the best bookmakers for matched betting.
Criteria for selecting bookmakers
When choosing bookmakers to use for matched betting, there are several factors to consider. Firstly, you need to make sure that the bookmaker is reliable and reputable. You don’t want to be placing bets with a dodgy bookie that might disappear with your money. You can check the bookmaker’s reputation by reading reviews and checking forums.
Secondly, you should look for bookmakers that offer a wide range of sports and markets to bet on. This will give you more opportunities to find the right bets to place your free bets on. You should also look for bookmakers that offer competitive odds and low margins.
Finally, you should consider the bookmaker’s promotions and bonuses. Look for bookmakers that offer generous sign-up bonuses, as well as ongoing promotions for existing customers.
Comparison of bookmaker sign-up offers
One of the most attractive aspects of matched betting is the ability to take advantage of bookmaker sign-up offers. These offers usually come in the form of free bets or matched deposits, and they can provide a significant boost to your matched betting profits.
Here are some of the best bookmaker sign-up offers for matched betting:
- Bet365 – Bet £10 get £30 in free bets
- William Hill – Bet £10 get £30 in free bets
- Betfair – Up to £100 in free bets
- Ladbrokes – Bet £5 get £20 in free bets
- Coral – Bet £5 get £20 in free bets
Ongoing promotions and bonuses
In addition to sign-up offers, many bookmakers offer ongoing promotions and bonuses for their customers. These promotions can include free bets, enhanced odds, and cashback offers. They can provide a significant boost to your matched betting profits over the long term.
Here are some of the best bookmakers for ongoing promotions and bonuses:
- Bet365 – Best Odds Guaranteed, Acca Bonus, and Bore Draw Money Back
- William Hill – Acca Insurance, Best Odds Guaranteed, and Flash Odds
- Betfair – Acca Edge, Best Odds Guaranteed, and Daily Odds Boosts
- Paddy Power – Money Back Specials, Power Prices, and Extra Places
- Coral – Build Your Bet, Acca Boost, and Racing Super Series
How to avoid account restrictions
One of the biggest risks of multi account matched betting is having your accounts restricted or closed by bookmakers. Bookmakers don’t like losing money, and they can quickly spot when someone is consistently profiting from their promotions.
To avoid having your accounts restricted or closed, you should follow these tips:
- Don’t always place the maximum bet allowed on a promotion. This can make you stand out as a matched bettor.
- Don’t always place the exact same bet at different bookmakers. Mix up your bets to look like a regular punter.
- Don’t withdraw your winnings immediately. Leave some funds in your account and place some losing bets to look like a regular punter.
By following these tips, you can reduce the risk of having your accounts restricted or closed.
Sports Betting Strategies for Multi Account Matched Betting
Multi account matched betting is not just about placing opposing bets and using free bets and promotions to make a profit. It’s also about utilising effective sports betting strategies to maximise your returns. In this section, we’ll give an overview of popular sports betting strategies and how they can be applied to multi account matched betting.
Applying Strategies to Multi Account Matched Betting
Value betting can be applied to multi account matched betting by identifying odds that are higher than your own calculations. When you find such odds, you can use the opposing bet method to create a risk-free bet.
Arbitrage betting is one of the best sports betting strategies for multi account matched betting, as it requires access to multiple bookmakers. By taking advantage of discrepancies in odds, you can place opposing bets and ensure a profit, regardless of the outcome of the event.
Hedging can be used in conjunction with multi account matched betting to minimise potential losses. By placing additional bets that oppose your original bet, you can reduce your losses if the outcome of the event doesn’t go your way.
Maximizing Profits with Matched Betting Software
There are a number of matched betting software tools that can help you maximize your profits. These tools include:
- Odds Comparison Software: This tool compares odds offered by different bookmakers, helping you to identify discrepancies in odds and place opposing bets.
- Automated Betting Software: This software places bets automatically for you, based on predetermined criteria. This can help you save time and increase your betting efficiency.
- Bankroll Management Software: This tool helps you manage your betting funds, ensuring that you don’t bet more than you can afford to lose.
The Importance of Tracking Your Bets
Regardless of which sports betting strategies you use, it’s important to track your bets. This means recording the details of each bet you place, including the amount bet, the outcome of the event, and the profit or loss made. This information can be used to identify which strategies are working best for you, and where you need to improve.
By using a combination of effective sports betting strategies, matched betting software tools, and careful bankroll management, you can maximize your profits with multi account matched betting.
Advanced Techniques in Multi Account Matched Betting
Multi account matched betting is not just limited to placing simple bets and taking advantage of free bets and promotions. Several advanced techniques can be used to increase profits and make the most out of this strategy. Below are some of the most popular advanced techniques used in multi account matched betting.
- Arbitrage Betting
Arbitrage betting, also known as “arbing,” is a technique used to take advantage of differences in odds between bookmakers. This involves placing bets on all possible outcomes of an event across multiple bookmakers, ensuring a profit regardless of the outcome. However, this technique requires careful calculation and monitoring of odds and can be time-consuming.
- Bonus Hunting
Bonus hunting involves seeking out and taking advantage of bookmaker bonuses and promotions, often in conjunction with other advanced techniques. This can involve using multiple accounts to take advantage of a bookmaker’s welcome bonus, as well as monitoring ongoing promotions for opportunities to make additional profits.
- Sports Trading
Sports trading involves using a betting exchange to buy and sell bets, with the aim of making a profit by taking advantage of fluctuations in odds. This technique requires a good understanding of the markets and the ability to spot opportunities quickly.
- Hedging Bets
Hedging bets involves placing additional bets on an event to reduce potential losses, or to guarantee a profit regardless of the outcome. This technique can be particularly useful in situations where the odds have changed since the original bet was placed, or where a bookmaker has offered a cash-out option.
- Identifying Value Bets
Value bets are bets that are considered to have a higher probability of winning than the odds offered by a bookmaker. Identifying value bets involves careful analysis of the odds and the underlying statistics, as well as keeping up-to-date with team news and other relevant information.
Risks and Pitfalls of Multi Account Matched Betting
While multi account matched betting can be a profitable strategy, several risks and pitfalls must be considered. Below are some of the most significant risks associated with this technique.
- Account Restrictions and Closures
Bookmakers are becoming increasingly vigilant when it comes to multi account matched betting, and may restrict or close accounts if they suspect that a customer is taking advantage of their offers. This can limit the potential profits that can be made, and can also make it difficult to continue using the technique in the future.
- Chasing Losses
Chasing losses is a common mistake made by novice bettors, and can lead to significant financial losses. It is important to set realistic goals and to stick to a strict bankroll management strategy to avoid the temptation to chase losses.
- Overconfidence and Mistakes
Overconfidence can lead to mistakes, such as miscalculating the risks or placing incorrect bets. It is important to remain disciplined and to follow a strict betting strategy to avoid making costly errors.
- Potential Legal Issues
It is legal in the UK, there are potential legal issues associated with using multiple accounts to take advantage of bookmakers’ matched betting offers. It is important to ensure that all activities are conducted within the law and to seek professional advice if necessary.
- Responsible Gambling and Bankroll Management
Multi account matched betting can be a high-risk strategy, and it is important to ensure that responsible gambling practices are followed. This includes setting limits on the amount of money that is bet, as well as seeking help if gambling becomes a problem.
Conclusion
In conclusion, multi account matched betting is a profitable and exciting way to make money from sports betting. By taking advantage of free bets and promotions offered by bookmakers, and using strategies such as arbitrage betting and bonus hunting, it is possible to generate consistent profits with relatively low risk.
However, it is important to be aware of the potential risks and pitfalls of multi account matched betting, including account restrictions, chasing losses, overconfidence, and legal issues. It is also crucial to practice responsible gambling and bankroll management to avoid getting in over your head.
Overall, multi account matched betting can be a valuable tool for supplementing your income or even replacing it entirely. With the right approach and a bit of patience, anyone can become a successful matched bettor.
So why not give it a try? Take some time to research the best bookmakers for multi account matched betting, explore different strategies and techniques, and start tracking your bets to see how much you can earn.
Glossary
Here are some key terms and phrases you may encounter when researching multi account matched betting:
Back bet: A bet on a particular outcome to win.
Lay bet: A bet against a particular outcome to win, placed with a betting exchange.
Free bet: A promotional offer from a bookmaker that allows you to place a bet for free.
Bonus: An additional offer from a bookmaker, often in the form of free bets or enhanced odds.
Arbitrage betting: A technique in which you place bets on all possible outcomes of an event to guarantee a profit.
Bonus hunting: The practice of seeking out and exploiting bookmaker bonuses and promotions.
Sports trading: The practice of buying and selling bets to lock in a profit.
Hedging bets: Placing additional bets to reduce your potential losses or guarantee a profit.
Value bet: A bet that has a higher expected value than the odds suggest.
References
Sources for statistics and research mentioned in the article:
“Matched Betting – Earn Money Online Easily!” by Chris Bibby, Betting Gods Blog (February 25, 2021)
“The Big Business of Online Sports Betting” by Jake Peterson, Digital Trends (February 19, 2021)
“Matched Betting: A Risk-Free Way to Bet” by Michael Allen, Your Money (June 15, 2020)
“Gambling Participation in 2019: Behaviour, Awareness and Attitudes” by the UK Gambling Commission (February 2020)