Matched betting is getting increasingly popular. It’s a great way to win money at online bookmakers, as you are effectively covering all the outcomes of an event. This method is totally legal and can be done at licensed gambling sites.
New players are able to take advantage of a lot of offers straight away. But many people soon begin to wonder: how possible is matched betting long term? Can you make money continually or is it just a quick injection of cash? In this article, we’re going to explain its longevity.
Matched Betting After Sign Up Offers
If you’ve not created an account or signed up to a bookmaker before then match betting is likely to be fully available. There are loads of online bookmakers that you can join, with our beginner’s guide to Matched Betting explaining how it all works.
As online gambling continues to grow, so does the number of sportsbook sites. You can keep joining new bookies to collect their sign up offers when they appear. However, there isn’t an endless number of sites.
So, to continue placing match bets after all the available sign up offers have been used, you need to get promotions for existing players – or reloads as they are often called. These may be:
- Daily, weekly or monthly bonuses
- Specific sport event offers (see our Ascot success story)
- Bet and Get offers
- …or other types
You can either choose to find these reload deals yourself or use services that track them.
Can I still be doing it in a few years?
By following this process, it is possible to continue matched betting in the long term. However, it can get more difficult the longer you go on. For example, you need to have a constant stream of reloads to use. If they start to dry up then this will make match betting much more difficult to maintain.
Another significant hurdle is a problem called ‘gubbing’. Gubbing occurs when a bookmaker starts to restrict your account by limiting the type or size of bets that you can make. For instance, you may be prevented from placing bets higher than £5, you may be excluded from using reloads, or your account may be shut down altogether.
Gubbing can happen for a variety of reasons, but one of the most common is when a player only uses promotions to place bets. You can try to avoid this by making your bets more natural, but this can be time-consuming and difficult to keep track of if you’ve got several accounts open.
Alternatives to Matched Betting
Away from match betting, there are very few gambling promotions that give you a good chance of winning. For example, online casino promotions generally do not pay out in real money. Instead, they often pay out in bonus money which has terms and conditions like wagering requirements that are generally difficult to overcome. Players often end up losing all the bonus money before the wagering is complete.
However, some online casinos offer bonuses with no wagering requirements. This means whatever you win is paid out in real money straight away – and the process is pretty straightforward. You need to choose a no wagering casino and activate the bonus (this step may require a deposit). Whatever you win from this bonus will be paid to your cash balance. You can withdraw any winnings straight away if your cash balance is higher than the minimum withdrawal amount.
Therefore, a casino bonus with no wagering is one of the better alternatives to match betting. However, just remember that they both work in a completely different way! For instance, a casino bonus can only be used on casino games which are games of chance. This means you are not guaranteed to win. Make sure to carefully check the terms and conditions of each offer before using them and gamble responsibly.