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Matched betting is becoming increasingly popular. It is a great way to make money from online bookmakers as you effectively cover all of the results of an event. This method is completely legal and can be done on licensed gambling sites.
New players can take advantage of many offers immediately. But many people soon wonder: How possible is matched betting in the long term? Can you make money continuously or is it just a quick cash injection? In this article we explain longevity.
Matching bets by sign-up offers
If you have not previously created an account or signed up with a bookmaker, match betting is likely to be fully available. There are tons of online bookmakers that you can join. Our beginner’s guide to matched betting explains how it all works.
As online gambling continues to grow, so does the number of sports betting websites. You can continue to join new bookmakers to collect their sign up offers as they appear. However, there is not an infinite number of websites.
So in order to continue to place match bets after all of the available sign-up offers have been used, you must receive promotions for existing players – or reloads as they are often called. These can be:
- Daily, weekly or monthly bonuses
- Specific sporting event offers (see our Ascot success story)
- Bet and Get Offers
- … Or other types
You can either find these reload offers yourself or use services that track them.
Can I still do it in a few years?
If you follow this process, It is possible to continue matched betting for a long time. However, it can get more difficult the longer you go on. For example, you must have a constant stream of recharges in order to be used. When they start to dry up, match betting becomes much harder to sustain.
Another significant hurdle is a problem called “gubbing”. Gubbing occurs when a bookmaker starts restricting your account by restricting the type or size of bets you can make. For example, you may be prevented from placing bets over € 5, you may be excluded from using reloads, or your account may be closed entirely.
Gubbing can occur for a variety of reasons, but one of the most common reasons is that a player is only using promotions to place bets. You can try to avoid this by making your bets more natural. However, this can be time consuming and difficult to keep track of when you have multiple accounts open.
Alternatives to matched betting
Aside from game betting, there are very few gambling promotions where you have a good chance of winning. For example, online casino promotions are generally not paid out in real money. Instead, they often pay out bonus funds that are subject to conditions like wagering requirements that are generally difficult to overcome. Players often lose all of their bonus money before wagering is complete.
However, some online casinos offer bonuses with no wagering requirements. This means Whatever you win will be paid out in real money instantly – and the process is pretty straightforward. You need to select a no wagering casino and activate the bonus (this step may require a deposit). Whatever you win from this bonus will be added to your cash balance. You can withdraw winnings instantly if your cash balance is above the minimum withdrawal amount.
Hence, a no wagering casino bonus is one of the better alternatives to match betting. Remember, however, that they both work in completely different ways! For example, a casino bonus can only be used on casino games that are games of chance. This means that you are not guaranteed to win. Please review the terms of each offer carefully before taking advantage of them and gamble responsibly.