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Matched Betting: How to Make Risk-Free Profit

Over the last few months I’ve been experimenting with various ways to build up my online income.

One of the best hustles I’ve discovered is matched betting.

I’ve casually made €500+ a month through this method with very little time invested. Some people are making in excess of €1,500 a month.

Today I’d like to share my knowledge so you too can make €€€.

What is Matched Betting?

Matched Betting is a legal risk-free tax free way to build up your online income by exploiting bonuses and odd differences by bookmakers.

Let’s use an example.

A bookmaker is offering a €30 free bet to sign up to their site.

However, there is catch. You have to risk €10 of your own money to unlock it.

Believe it or not, there is a way to unlock that free cash without even risking that €10.

Image result for matched bettingHow?

By betting on both sides for similar odds.

I BACK a team to win at the bookmaker for €10, then LAY (bet against) the same team for €10 at a betting exchange (more of this later).

Win or lose, I get my money back, but now I’ve unlocked my free €30 bet!

Got the idea? There’s a little more to it than that, but that’s the general principal.

How to make your first €45/£45 in under an hour

  1. Sign up for a free account at Oddsmonkey. Oddsmonkey is the software that finds you the matched bets. They also also provided step-by-step tutorials on how to exploit each bonus. Oddsmonkey is “the hack”, and I couldn’t recommend it highly enough.
  2. Next you’ll need to set up at an account at a betting exchange. Unlike bookmakers, these are like peer-to-peer betting sites, whereby the the betting exchanges just takes a small commission. For the first bonuses you’ll be using Betfair.
  3. Follow the free tutorials provided by Oddsmonkey. They will show how to exploit bonuses from two bookmakers and give you exacts details on what to do.

There’s a bit of a learning curve initially, but once you do one you get the hang of it pretty quickly.

Now go make some money! Start here.

Some caveats

Unfortunately, US citizens will not qualify for most of these offers because of gambling laws.

For the first bonuses you’ll need a account at BetFair. However, long-term go for Smarkets are their commission is only 2% versus 5%.

Also, after exploiting multiple bookmakers, some of them will try blacklist you with an IP snare. To avoid that follow this guide.

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11 Responses to Matched Betting: How to Make Risk-Free Profit

  1. Sean Toddington January 31, 2017 at 11:20 am #

    Bookies are crooks. I should know I used to work for one. If you bet online and you win consistently they will terminate your account. Online betting allows them to track your activity. If possible place your bets in cash at a bricks and mortar bookies.

    • guy February 11, 2017 at 6:14 am #

      even brick and mortar books will often not accept your action or at best lower your limits

  2. Jopie February 1, 2017 at 1:58 am #

    So how much working hours you need to gain that 500 dollars? Is there a limit in how many times you can do this?

  3. guy February 1, 2017 at 6:31 am #

    fuck da house

  4. Eugen February 3, 2017 at 3:15 pm #

    Zolo, are you using Malta account or Ireland??

    • Mark Zolo February 5, 2017 at 2:50 pm #


  5. Antonio February 16, 2017 at 9:25 am #

    Hello Mark,Is this guide working outside the Uk?

    • Mark Zolo February 16, 2017 at 9:55 am #

      Yes, but it’s different for each betting site. Some work all over Europe and abroad, some not. I use a Malta account sometimes and an Irish account others.

  6. Stephen September 12, 2017 at 10:59 pm #

    How’d you set up a Malta account?

    • Mark Zolo September 13, 2017 at 12:23 pm #

      I used my Irish account mainly.

  7. Alessio September 25, 2017 at 5:00 pm #

    Any tips for Belgium citizen?

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