Matched Betting is a technique that you can use to extract profit from promotional offers. Although that is the most basic form of matched betting there is also a huge range of other matched betting opportunities that are a little more complex.
Although matched betting can be confusing when you first start, if you just follow the steps, you’ll make a profit each time. The best way to understand how matched betting works is to give it a go. If you follow the link below and sign up for OddsMonkey, you’ll be able to get a free trial, then within a couple hours you’ll have your first profit! What have you got to lose?
Below I have organised a variety of different videos I have completed on matched betting, in conjunction with this I have also included a written guide with each video. Please know there is a load more matched betting videos on my channel HERE and these will all be getting added to this site as the weeks go on!
Matched Betting
PaddyPower 2UP Tutorial
The PaddyPower 2UP method is a way of taking advantage of the PaddyPower early payout offer.
The offer is quite simple, bet on a team, if they go 2 goals up you get paid out as if they won the game. Anyone who has a matched betting or trading background can already see here how we can make a profit. What if we bet on a team to win on PaddyPower, then lay them on an exchange (betting for them not to win)? Well, if they go two goals up, PP will pay out the win, then if they draw or lose, the exchange will also pay the win – two winnings on one trade! It is key to remember a team does not need to go 2-0 up, they just need to go two goals clear so you can still two up if a team goes 3-1, 4-2 ect.
Introduction
The 2UP method can either be extremely simple, or extremely complex depending on how much you want to get into it. It’s not like other elements of matched betting where the only thing that stops you gaining a profit is human error. With 2UP there is a small fee attached to every time you attempt it – I’ll show this later when we go through the actual method of 2UP.
The idea however is a simple one, you’re selecting a team you think will be able to go 2 goals up, and then still not win the game. On the day I’m writing this, a 2UP opportunity has just passed me by, Birmingham as you can see, 0-2 up until the 87th minute when Derby started their comeback.
If you’d have bet on PaddyPower or Bet365 for Birmingham to win, you’d have been paid out on the 56th minute, then if you’d had laid Birmingham on an exchange (bet for them to not win) you’d have been paid out at full time.
Strategy
How do you select a game?
As with all matched betting you’re going to have a qualifying loss. So when it comes to selecting the team of your choice it is best to go on an oddsmatcher, if you don’t have access to one and would like to try 2UP then sign up for a free trial to OddsMonkey here!
Once on OddsMonkey or your oddsmatcher of choice you need to filter by football, then also PaddyPower, then also your preferred exchange.
As you can see from the image above, if I was to select Nottingham Forest for my 2UP selection I would lose £0.82 if it does not come through. I’d recommend doing 2UP on PaddyPower, because if you do 5x2UPs a week (Using a £10 stake) you’ll qualify for their weekly free bet club and get a free £10.00 bet, which you should be able to extract some profit from even if your 2UPs are unsuccessful.
So if we’re using Nottingham Forest as an example, we’d go bet £10 on PaddyPower at odds of 2.25, then because OddsMonkey is linked to my betfair, I’d just click the lay the bet, and that side will also be taken care of. Then we would just wait until hopefully Forest go two goals clear in a game.
Forest Never go 2 Goals Clear
- If this is the case in the game then it’s quite simple, we lose £0.82 and move onto the next selection.
Forest go 2 Clear
- If Forest go 2 clear during the game we have two options, we can either leave it and hope Cardiff get back into the game or we can secure our profit instantly.
- To secure you’re profit you’re going to use the Early Payout Calculator on OddsMonkey,
You’ll select YES to has the bookmaker paid out early? Then you’ll add in the back odds from the exchange on Forrest.
Lets imagine it’s around the 50th minute, the odds for Forrest at 2 goals up will have probably dropped to around 1.5 if the exchange is feeling generous. You can then see all we need to do is back £15.13, and we’ll guarantee a profit of £6.75 from the game. That’s a 67.5% return which is huge!
If you feel like the opposition is getting back into the game then it is definitely worth waiting, because if they even get one goal back, that’ll drastically help you with better odds, meaning you can extract more profit. As you can see below, if you decided to not take out your stake and instead let the 2UP ride you can see the either potential profit or the potential loss depending on what happens with the game.
It’s key to note that 2UP will have varying profit depending on the odds at which you entered the market. If you do it with a heavy favorite, the likelihood of being able to extract profit if they go 2 goals clear is slim. The general strategy with 2UP is to back the underdog and hope they get lucky, then hope the favorite gets back into the game.
If you follow the 2UP method on PaddyPower with £10 stakes and do this 7 times a week, you can expect to lose around £4-8 – depending on the qualifying loss. You’ll then be credited a free £10 bet which you can extract £7-8 from, which means hopefully even if you don’t hit a 2UP doing a week, you still shouldn’t be losing money, at most maybe a £1!
Value Betting
What is value betting?
Before I get started I need to stress, that although value betting is a little more calculated than normal betting, it is still gambling, you do need to be at the required age and you should also never risk more than you can afford. Value betting looks to increase your profit but it still isn’t 100%. In addition, I’m very new to value betting, and I’d recommend that you do additional research before starting your journey!
The basic idea of value betting is very simple, you look to try find odds that give you value, or give you an edge over the bookmaker. The best way to do this is to use an OddsMatcher, such as the one on OddsMonkey – start your free trial for OddsMonkey here!
As you can see above, the back odds are significantly higher than the lay odds, this shows us that the back odds are very good value, any odds over 100% on the rating on the oddsmatcher are considered to be a value bet opportunity. However, it is normally recommended you do a little additional research before placing the value bet. For example, the football match is over 100% but the odds are still incredibly high, and not likely, as such should be avoided. Whereas the first selection of bets all have value and still have reasonable odds so would be worth placing.
You do have to act quickly when it comes to value betting however, as the bookmakers will adjust their odds to ensure there isn’t any opportunities available for the customer to take value from them.
Value Betting for a Month
To see if value betting was able to return a profit I decided to do value betting for a month, however, to add a little to it I also decided to do NO RESEARCH on any of the potential value bets, which isn’t recommended, but I thought this would give an interesting perspective around value betting, and allow us to see that hopefully, even without research in the long term you can make some profit.
As you can see from the graph above, the orange running profit / loss shows that at quite a few different points we were sat at over £100 profit! This was with me using £10 bets on all the value betting opportunities.
The reason I really like my graph from January however is that it shows you can very easily go on a long losing streak, as you’ll notice I went from nearly £150 worth of profit, down to -£13.50. Luckily though our value bets started to pick back up again and we started to climb back up to a high profit!
Although my trendline shows that over time we would lose money, I think if I’d have done research behind the bets, before placing, we would have had a much better return.
Conclusion
My own opinion of value betting is one of doubt, even after a month of doing it with no research and turning a profit, I still could see some huge flaws. It is still just betting at the end of the day. I’m going to continue with value betting for a few months, this time placing more time into research, avoiding high odds and hoping for a better consistent return.
If you’re wanting to get into value betting I’d recommend looking at additional posts, finding more videos exploring it, finding some potential strategies to use before you get started. I’d also recommend hitting the subscribe button over on my youtube, because there’s definitely going to be more exploring done around value betting on my channel!