Simon Thatcher

<a href="https://outplayed.com/what-is-matched-betting">Matched Betting</a> is often said to be one of the best <a href="https://outplayed.com/blog/side-hustle-ideas">side hustles</a>, and is a great way to make an additional income from home.

But&nbsp;to maximise your earnings from Matched Betting, it's vital to have access to high-quality, trustworthy, and efficient support when you need it.

Is Matching Betting Possible On Your Own?

Although it's possible to go it alone by finding offers for yourself and using simple free online calculators, using a dedicated Matched Betting site like <a href="https://outplayed.com">Outplayed</a> will greatly <a href="https://outplayed.com/blog/how-much-can-you-make-from-matched-betting">increase your profits</a>.

Using Outplayed, you'll have all the offers handed to you on a plate, with clear and thorough instructions, alongside a wide range of oddsmatchers and calculators.

This will enable you to find and complete far more offers, much more quickly than you'd be able to do by yourself.

Although the guides and tools on Outplayed are great and have been refined and improved over the years to be better than ever, there will inevitably still be times when you need a little help. You might need further guidance on completing an offer, using a Matched Betting Calculator, or have a general question you can't see answered elsewhere.

This is where Outplayed's highly rated and world-class support comes in.

Whether you prefer live chat, emails, Facebook Messenger, Facebook groups, forums, live streams, help centres, or YouTube channels, Outplayed has you covered.

In this article, you'll discover all the different types of support available, so you can decide what works best for you. With Outplayed's fantastic support available 7 days a week, you'll never need to be on your own with your Matched Betting.

What Support Is Available From Outplayed?

Outplayed offer a wide range of options for accessing help and support, which is summarised in the table below.

Outplayed's Customer Support team are a group of highly experienced and passionate Matched Bettors, with many years of experience between them. They're an integral part of the Matched Betting experience at Outplayed and are highly valued and respected by members and colleagues.

One of the best ways to gauge the quality of a company as a whole, and aspects of it like Customer Support, is to read customer reviews. Outplayed has over 2,600 <a href="https://www.trustpilot.com/review/outplayed.com">TrustPilot reviews</a> and is rated Excellent overall.&nbsp; Here's a sample of reviews praising Outplayed's Customer Support.

One of the most notable features of Outplayed's Customer Support is the team's incredible collective amount of knowledge, experience, and expertise about Matched Betting and&nbsp;<a href="https://outplayed.com/blog/why-you-need-to-do-casino-offers">casino offers.</a>

Unlike the experience you might sometimes have when dealing with bookmaker and casino live chat (and to be fair, many of them are great), Outplayed's staff always go the extra mile to resolve your query completely. They'll never reply with a quick best-guess response and always check this carefully if needed.

If they're unsure of the answer, they'll consult with colleagues, whether those are fellow Customer Support staff, members of the tech or offers teams, or even sometimes Outplayed's CEO!

There are many ways to access support at Outplayed, each with its own set of advantages. Here's a quick summary of the support available:

You can go to Outplayed's Customer Support 'Contact Us' page by hovering over 'Contact' at the top of the Outplayed site, then clicking 'Contact':

Alternatively, here's a direct link:

<a href="https://outplayed.com/contact">https://outplayed.com/contact</a>

Live chat is one of the best ways to access support for your Matched Betting. Outplayed's Customer Support team are experts in Matched Betting, casino offers, and value betting, and are on-hand from 9am - 5:30pm 7 days a week to help you with any questions you might have.

If you have an urgent query or just want a quick response to a question, live chat is the ideal choice. One of the most helpful aspects is that you and the member of Customer Support can share screenshots and links. This helps you explain your question more effectively and swiftly and allows the staff member to answer it clearly and efficiently.

You can access Outplayed's live chat by going to <a href="https://outplayed.com">outplayed.com</a> and clicking on the 'Help' icon at the bottom.

A Help box will then expand. From this, you can type in a query in the search box at the top to find relevant articles in the Help Centre.

To get through to a member of the Outplayed Customer support team, click on 'Live chat' at the bottom.

Email is the most appropriate way to contact Outplayed's support team for many queries. All queries emailed to Outplayed are read and usually answered within an hour or two during work hours (9-5:30), and sometimes within a few minutes, depending on how busy Customer Support are.

Here are some reasons for choosing to send an email:

The Customer Support email address is&nbsp;<a href="mailto:support@outplayed.com">support@outplayed.com</a>.

Although not quite as fast as live chat, Facebook Messenger is a quick and effective way to communicate with support staff, who aim to respond within a minute or two. For more detailed responses and sharing of screenshots, live chat is generally a better option.

If you have Facebook Messenger installed on your device, you can use the following link:

<a href="https://m.me/outplayeddotcom">m.me/outplayeddotcom</a>

If you don't have Facebook Messenger installed, you can send a message when you're logged into Facebook on a computer by clicking on this icon:

After this, type outplayeddotcom or outplayed.com in the 'To' section and write your message.

You can find more detail about sending Facebook Messenger messages through Facebook here:

<a href="https://www.facebook.com/help/messenger-app/154917244574299/computer-help/?helpref=platform_switcher&amp;cms_platform=www&amp;_rdr">How to send a message on Facebook</a>.

Available to full Platinum, Diamond, Pro and Elite Outplayed members, the forum is a fantastic resource and a goldmine of valuable information, containing answers to most questions you'll ever have about Matched Betting, casino offers and value betting.

The forum is a great community of thousands of like-minded Matched Bettors, with a wealth of information, experience and knowledge between them, who are very generous in helping other forum members.

In addition, highly experienced administrators and moderators are on hand to answer any questions you might have. They can be tagged if your query is urgent, or if you want to be sure your question is answered by an experienced Matched Bettor.

You can find out much more about the Outplayed forum <a href="https://outplayed.com/blog/matched-betting-forum-guide">here</a>.

The Outplayed Facebook page includes many helpful videos that give insights into beating the bookmakers, Matched Betting Tools, and other videos and reels.

You can find the official Outplayed Facebook page at the following link:

<a href="https://en-gb.facebook.com/outplayeddotcom/">facebook.com/outplayeddotcom</a>

Everyone has their preference when seeking support. For many Outplayed members, the two Facebook groups are invaluable resources and their number-one choice. Both groups are very friendly, supportive, and thriving communities with tens of thousands of members sharing their knowledge and experience with others.

A Daily Comment section is added every day in both groups, where members can discuss offers and share their experience.

Another valuable thread is Andy's Daily Post, where a list of the day's best offers is posted, along with a discussion about relevant recent developments in Matched Betting. Questions are always welcome and answered swiftly by admins, moderators, or other group members.

From 9-5:30, 7 days a week, there will also be highly experienced and respected admin staff and moderators on hand to answer any questions you might have, all with many years of experience in Matched Betting and casino offers.

There are two separate Facebook groups - The Newbie Group and the Main Group.

As the name suggests, this group is ideal for newcomers to Outplayed and Matched Betting. It's a great place to start since you'll be with other members who are similarly new to Matched Betting.

In the Newbies group, you won't come across quite so many unusual and potentially confusing terms and jargon words as you will in the main group (don't worry though, they'll be second nature to you in no time and there are jargon buster guides available).

You can apply to be a member of the Outplayed Newbies Facebook group at the following link:

<a href="https://www.facebook.com/groups/outplayednewbies/">https://www.facebook.com/groups/outplayednewbies/</a>

The main Outplayed Facebook group is a great community full of experienced members, as well as relative newcomers. They're a very welcoming and supportive group of people who are always happy to share their experience to help others make more money from bookmakers and casinos.

Here's the link where you can apply to be a member of the Outplayed Main Facebook group:

<a href="https://www.facebook.com/groups/outplayedofficial/">https://www.facebook.com/groups/outplayedofficial/</a>

The Outplayed Help Centre is a fantastic resource where you can find the answers to a wide range of questions about Matched Betting, casino offers, and value betting, as well as answering queries about your Outplayed account.

Matched Betting Support

Ben Adams

In <a href="https://outplayed.com/what-is-matched-betting">Matched Betting</a>, liquidity is the maximum amount of money that you can place on a <a href="https://outplayed.com/blog/what-is-lay-betting">lay bet</a> at a <a href="https://outplayed.com/blog/what-is-a-betting-exchange">betting exchange</a>.

This amount of money is displayed underneath the lay odds at a betting exchange and can constantly change as more bets are placed by exchange users.

In this example from <a href="https://wlmatchbook.adsrv.eacdn.com/C.ashx?btag=a_839b_3315c_&amp;affid=647&amp;siteid=839&amp;adid=3315&amp;c=">Matchbook</a>, the odds are 3.95 and there is £839 available to lay at these odds. So the liquidity for this specific lay bet is £839.

In this post, you’ll learn what to be aware of when it comes to liquidity in Matched Betting and find out where these amounts come from.

What You Need To Know About Liquidity When Matched Betting

When Matched Betting, you simply need to make sure the amount of money available at the exchange for your lay bet is higher than your required lay stake.

If the liquidity available is the same or greater than your lay stake your lay bet will immediately get fully matched (taken) at the exchange and your lay bet is complete.

You can easily check the amount of liquidity available at the betting exchange of any bet you’re considering to use by looking at the “Available” column on the Oddsmatching software.

You can set the “Availability” filter to only show bets with lots of liquidity which is super handy to rule out any bets with small amounts of money available to lay.

You’ll be able to quickly check the required lay stake when you open the calculator from the software. This lay bet needs a lay stake of £4.88 and there’s £96.00 available so you’re good to go.

The best practice is to always ensure there’s plenty of money available before placing your back and lay bets using the tools mentioned. However, there may be rare occasions when a lay bet you want to place has low liquidity.

If the liquidity available is less than your lay stake your lay bet won’t get matched (taken by the exchange) or only get partially matched (i.e. only part of your total lay stake will get taken by the exchange).

If this happens - you don’t need to panic!

The good news is that this is a simple fix and there are a few different solutions:

1. If your bet is 100% unmatched, you can cancel the unmatched lay bet in your bet slip on the exchange. You’ll then need to enter the new current lay odds into the calculator which will recalculate your new required lay stake.

2. If there are still a few hours left until the event takes place, you can also wait in the queue and see if your lay stake is matched. Quite often, your bet will fully match with no issue and resolve itself - just don’t leave this until the last minute in the hope that it will be matched.

3. If part of your bet matched and part didn't, you have a partially matched bet. The Fixabet calculator can be used to help you work out what you need to lay at the available lay odds to sort this.

4. If you’re ever super stuck, we’ve got you! We have tools you can use to fix most bets and you can always ask if you’re unsure about anything using our support team.

Our experts are open and ready to help you 7 days a week. You can use email or live chat to&nbsp;<a href="https://outplayed.com/contact">get in touch</a>&nbsp;if you ever think you’ve made a mistake or need a bet checked.

Can You Place A Lay Bet When There Is Low Liquidity?

If you’ve placed your bookmaker back bet and find that the current lay odds have low liquidity you can check the market depth to see if there’s more money available at slightly higher odds.

At Matchbook the available lay odds are in dark pink, you can also see how much money is pending (this is the market depth and comes from back bettor’s money waiting to be matched).

Here you can see there is £10 available at lay odds of 2.56.

There’s much more money (£186) available at odds of 2.58 - this is back bettor’s money who are trying to back this bet at higher odds of 2.58 instead of 2.56.

If you needed to lay this bet with a higher stake than the £10 available at 2.56, you can use the ‘Part Lay Active’ feature to calculate the additional stake needed at the higher odds of 2.58 using a <a href="https://outplayed.com/calculator">Matched Betting calculator</a>:

You’ll be able to take the available £10 at the lower 2.56 lay odds and also place the remaining amount needed using the money available at the slightly higher 2.58 lay odds.

Similarly, when you select the lay odds, you have the option to change them to a better price and join the queue for those odds. For example, you could lower the odds above to 2.54 from 2.56 - this means the money you lay on this bet will appear under the blue back odds and wait in the queue for a back bettor to match your bet.

Be aware though - there’s never any guarantee you’ll get matched at this price and in general it’s best to take the available lay odds so your bet is matched and your position is locked in.

How To Avoid Low Liquidity Bets When Matched Betting

In addition to always checking the available liquidity at betting exchanges, there are a few good practices to follow when placing bets to avoid low liquidity.

When placing matched bets you should try to bet on popular sporting events, such as Premier League Football and also on popular betting markets such as the match winner market.

For horse racing try to place your bets on the day of the race - not before, otherwise, there’ll often be very little liquidity available. It’s also recommended you avoid placing your bets in the hour before the start of a horse race as at this time both lay odds and liquidity can change rapidly, making it difficult for you to place your lay bets successfully.

Betting exchanges are a special kind of betting website that enables random people to bet with each other - either back or lay bets.

As you’re Matched Betting, you’ll mainly be laying bets at the betting exchange so we’ll focus on where the liquidity of the lay odds comes from.

At <a href="https://wlmatchbook.adsrv.eacdn.com/C.ashx?btag=a_839b_3315c_&amp;affid=647&amp;siteid=839&amp;adid=3315&amp;c=">Matchbook</a> the back odds (in blue) of 1.41 have £3,857 of liquidity available, and the lay odds (in pink) of 1.42 have £304 of liquidity available.

The available liquidity on the lay odds (£304) comes from a group of back bettors, who want to place an opposite back bet at odds of 1.42 at the betting exchange.

Each of the back bettors in the group has stated a stake amount that they want to bet at odds of 1.42. As a simple example, one in the group might want to bet £4, another £100, and a third £200.

The entire group’s bet stakes combined add up to £304 – the total available liquidity of the lay odds.

Now you understand the liquidity of the lay odds, the same idea applies to the liquidity of the back odds too as they both work in the same way but just the other way around.

Does The Liquidity Of The Lay Odds Change?

At any point, another back bettor might join the group and also say they want to bet at odds of 1.42, and that they want to bet £100. If this happened the liquidity available (or total staked by the entire back bettor group) would increase to £404.

Alternatively, one back bettor in the group may change their mind and cancel their bet. This would cause the liquidity (or total staked by the entire back bettor group) to drop by whatever that bettor’s stake was.

New back bettors who want to bet and/or existing back bettors cancelling their bets are the first reason why the liquidity of the lay odds can constantly change on the exchange

There can be thousands of back bettors constantly adding or cancelling their bets on an outcome at any one time. This means the liquidity available then might constantly change.

It’s possible there can be no liquidity on some lay odds if nobody has placed any bets on a certain market.

<a href="https://wlmatchbook.adsrv.eacdn.com/C.ashx?btag=a_839b_3315c_&amp;affid=647&amp;siteid=839&amp;adid=3315&amp;c=">Matchbook</a> display a grey “make offer” box that replaces either the blue back odds or pink lay odds.

Our lay bets can only happen when there’s money available from back bettors for the exchange to take.

You can request a back or lay stake at odds you want, but if no bettors are willing to match your bet at those odds then your lay bet can’t be taken.

This is why it’s advisable to avoid any markets which have either not formed yet because the event isn’t taking place for a long time or the event is just not popular enough for people to want to bet on it.

Liquidity can at first glance seem to be something quite complicated but once you’re aware of what it is and how it works you can make sure you’ll avoid any issues on your Matched Betting journey and you’ll be ready to learn our top <a href="https://outplayed.com/news/matched-betting/matched-betting-tips">Matched Betting tips</a> to help you maximise your profits this year.

And if you're learning about how Matched Betting works, check out the <a href="https://outplayed.com/what-is-matched-betting">Outplayed Beginner's Guide to Matched Betting</a> for all the information you need before you dive in to our free trial.&nbsp;

1. What does 'liquidity' mean in Matched Betting?

'Liquidity' is the amount of money available at a certain set of odds at a betting exchange, and is the maximum stake you can place on a lay bet.

2. Why does liquidity matter?

You need to place a lay bet to match your back bet when Matched Betting - and that means you need liquidity to be available at the betting exchange at the odds you intend to take.

3. What do I do if there isn't enough liquidity at my preferred odds?&nbsp;

You've got a couple of options - you can look for an alternative matched bet using the Oddsmatcher, or alternatively accept slightly less favourable odds on your original selection.

4. What do I do if I have an unmatched or partially matched bet?

If your bet is completely unmatched, you can either cancel it altogether or wait to see if it matches (which may well happen if it's a few hours before the event).

5. Why does the liquidity keep changing?&nbsp;

Liquidity changes constantly as your fellow bettors place bets. Betting in advance of an event (at least an hour before the start of a horse race) helps to limit the volatility of the available liquidity.

What Is Liquidity In Matched Betting? An Overview

Matched Betting is 100% legal in the UK.

The reason why many assume Matched Betting might not be legal is that quite simply - it sounds too good to be true!

Thousands of people enjoy making extra money from home&nbsp;and so can you by reading our <a href="https://outplayed.com/what-is-matched-betting" title="">guide to Matched Betting</a>!

In this article, we’ll take a look at the legalities of Matched Betting along with proof showing that you can trust it’s all above board.

If you’re over 18 and live in the UK, you can place bets with bookmakers online and at betting stores.

The gambling industry is super competitive and the different bookmakers all compete for your custom by offering incentives.

Matched Betting is simply taking the bookmakers up on their special offers, but doing so cleverly to cover all outcomes so that you aren’t gambling at all.

However, bookmakers don’t like this because they just want you to be tempted to gamble and ultimately lose more and more money making them richer and richer.

Looking further into it, you’ll see Matched Betting is no secret and thousands of people have been making good money from it for many years.

It’s so popular national media have even covered it.

You can read the full article at the&nbsp;<a href="https://www.dailymail.co.uk/news/article-7750599/Student-nurse-27-struggled-make-ends-meet-30-000-three-years-gambling.html" target="_blank">Mail Online</a>.

See the full story at the&nbsp;<a href="https://www.express.co.uk/news/uk/1744887/hard-up-mum-crippling-debts-matched-betting" target="_blank">Express site</a>.

These major news companies would not have the authority to cover Matched Betting if it wasn’t legal or if it was a scam.

You’ll see it’s often recognised as one of the most effective ways of making money online in the UK and you can read more examples of this in other national publications such as&nbsp;<a href="https://www.theguardian.com/money/2010/jul/24/free-bets-bookies" target="_blank">The Guardian</a>,&nbsp;<a href="http://www.telegraph.co.uk/finance/personalfinance/money-saving-tips/8185280/Is-this-a-bet-you-cant-lose.html" target="_blank">The Telegraph</a>&nbsp;and&nbsp;<a href="https://calvinayre.com/2017/03/14/business/profit-accumulator-founder-sam-stoffel-value-matched-betting/" target="_blank">Calvin Ayre</a>.

You’ll find further evidence of how trusted Matched Betting is by looking at external review sites such as Trustpilot.

We’ve had over&nbsp;<a href="https://uk.trustpilot.com/review/outplayed.com" target="_blank">2,600 independent reviews</a>&nbsp;and are rated as excellent showing how happy our members are and that we’re a trusted public company.

Beyond this, you can look at public community groups such as our free&nbsp;<a href="https://www.facebook.com/groups/outplayedofficial" target="_blank">Facebook group</a>, we’ve got over 50,000 members all helping each other out on their journey along with our experts.

We also have a&nbsp;<a href="https://www.facebook.com/groups/outplayednewbies" target="_blank">newbies group</a>&nbsp;with over 30,000 members suitable for anyone just starting their Matched Betting journey.

Bookmakers don’t like Matched Betting but they know it’s a perfectly legal strategy to use.

They’re forced to allow it due to them not being able to prove you’re doing it as you’re covering your bets at other sites (betting exchanges) so they often have no idea you’re a Matched Bettor!

If any bookies suspect you’re Matched Betting they may restrict your account from offers, also known as being ‘gubbed’.

Being gubbed is not ideal when Matched Betting but it’s just part and parcel of the journey, some bookies restrict accounts quickly and others will last much longer.

You can protect your accounts for longer by sticking to our top tips to&nbsp;<a href="https://outplayed.com/news/matched-betting/top-tips-to-avoid-being-gubbed">avoid being gubbed</a>.

But, so long as bookies continue to run special offers to attract new customers and keep them, they’ll have to put up with us Matched Bettors so they can remain competitive with each other.

Do Betting Exchanges Allow Matched Betting?

Unlike bookmakers, <a href="https://outplayed.com/blog/what-is-a-betting-exchange" target="_blank" title="">betting exchanges</a> such as&nbsp;<a href="https://wlmatchbook.adsrv.eacdn.com/C.ashx?btag=a_839b_3315c_&amp;affid=647&amp;siteid=839&amp;adid=3315&amp;c=">Matchbook</a>&nbsp;approve of and encourage Matched Betting.

Betting exchanges make money by taking a small commission from winning bets so the more money in their betting markets the more they will make.

Exchanges appreciate the extra <a href="https://outplayed.com/blog/matched-betting-liquidity" target="_blank" title="">liquidity</a> that Matched Bettors bring to their markets so they offer great deals such as 0% commission which you can claim with&nbsp;<a href="https://wlmatchbook.adsrv.eacdn.com/C.ashx?btag=a_839b_3315c_&amp;affid=647&amp;siteid=839&amp;adid=3315&amp;c=">Matchbook</a>.

If you ever have any contact with betting exchanges, it’s fine to explain you do Matched Betting but you’d never mention it to any bookies.

You’d be surprised just how many people already have and continue to do Matched Betting.

There are several different Matched Betting services available and since Outplayed started in 2014, we’ve had over 150,000 paying customers. Making Outplayed the biggest and most trusted Matched Betting site in the UK.

Our members continue to make brilliant profits from the comfort of their homes making&nbsp;<a href="https://outplayed.com/news/matched-betting/is-matched-betting-worth-it">Matched Betting worth it</a>&nbsp;still this year and beyond.

For those who aren’t making money from Matched Betting yet, the main reason is often that they either haven’t heard of it yet or think it sounds like a scam.

It’s understandable with the many scams that exist online today which is why we think it’s so important that you first&nbsp;<a href="https://outplayed.com/user/register">try Matched Betting for free</a>&nbsp;so you can learn the basics and see how it works before paying for any service.

Additionally, we’re so confident that you’ll make money and love Outplayed that you can claim a full 100%&nbsp;<a href="https://outplayed.com/refund-policy">refund</a>&nbsp;during your first 14 days if you’re unhappy with our service for any reason.

Do I Need To Pay Tax On Matched Betting Profits?

Nope, not a penny! This is another reason that makes Matched Betting one of the best side hustles around.

Gambling winnings are completely tax-free in the UK so even though you won't be “gambling” when Matched Betting, your profits will be classed as gambling winnings.

So you keep 100% of the profits you make from each offer!

It’s important to remember that Matched betting is not a get-rich-quick scheme and like anything worthwhile - does take some time and effort.

Providing you’re over 18 and live in the UK it’s 100% legal for you to do Matched Betting and is a legitimate way to earn extra cash in your spare time from the comfort of your home.

Also, you can enjoy the extra perk that any profits are entirely tax-free!

Now you know Matched Betting is legal, you’re ready to learn our top&nbsp;<a href="https://outplayed.com/news/matched-betting/matched-betting-tips">Matched Betting tips</a>&nbsp;to help you maximise your profits this year.

1. Is Matched Betting legal?

Yes, Matched Betting is completely legal. It's just a smarter way of betting, which is perfectly legal within the UK.

2. Do bookmakers allow Matched Betting?

Bookies don't tend to like matched bettors, but there isn't necessarily any way for them to know you're a matched bettor, as opposed to a regular punter. If they catch on, they may restrict you from making use of offers, but there will always be plenty of other sportsbooks out there.

3. Do betting exchanges allow Matched Betting?

Not only do they allow it; they actively encourage it! Betting exchanges operate on a different model, and as a result they're quite happy to accept matched bettors.

4. Do you have to pay tax on Matched Betting earnings?

Nope! Matched Betting is very different to traditional gambling in many ways, but it's not treated any differently for tax purposes in the UK. This means that you don't have to pay any tax at all on your earnings when you're Matched Betting.

5. Why isn't everyone doing it?&nbsp;

Most people simply haven't heard of it - or if they have, they're sceptical, because it sounds too good to be true. That said, hundreds of thousands of people across the world have made money from Matched Betting - so why not <a href="https://outplayed.com/user/register#1">join them</a>?

Is matched betting legal we hear you ask? Well, we're here to tell you that it is! It's 100% legal and a great way to make money online.

Is Matched Betting Legal?

You can <a href="https://outplayed.com/what-is-matched-betting">start Matched Betting</a> using your current bank account, however, it can be beneficial to open a separate dedicated bank account for your betting activity.

With so many different banking options out there, it can be overwhelming to figure out which one is best suited for your needs as a Matched Bettor.

That's why we've done the research for you and narrowed down the top choices based on factors like fees, ease of use, and overall reliability when betting.

In this article, we’ll explore the best bank accounts to use when Matched Betting and also look at the benefits of opening a separate account from your regular spending.

Why You Should Consider A Separate Bank Account For Matched Betting

When starting out with Matched Betting, managing your finances can quickly become overwhelming if all your transactions such as bookmaker deposits, withdrawals, and day-to-day spending are lumped together in one account.

Here are some reasons why having a separate bank account is highly recommended:

Ultimately, any high street bank account is good to use when Matched Betting.

Most high street will offer quick setup for new current accounts, and some will even reward you with cash for switching (although they may require you to use that account as your main current account). When choosing a bank for Matched Betting, the key things to look for are ease of access, no overdraft, and free banking services.

Key Tip: Avoid choosing an account with an overdraft to make your financial management simpler and prevent you dipping into an overdraft by accident when depositing into multiple bookmaker accounts, this will ensure you won’t get hit with unnecessary fees.

E-wallets can speed up your transactions, particularly when moving funds between bookmakers and exchanges. Some e-wallets process withdrawals within hours or even instantly, allowing you to keep your Matched Betting running smoothly without waiting potentially 3-5 business days for bank transfers - most withdrawals are processed much faster these days typically from instant to 1-2 days.

However, there are some important considerations when using e-wallets for Matched Betting, particularly regarding eligibility for offers. Many bookmakers exclude e-wallet deposits from promotional bonuses, so it’s always best to check the terms and conditions before using an e-wallet for your first deposit.

<a href="https://www.paypal.com/uk/home">PayPal</a> is the most widely recognised e-wallet, offering fast processing times for both deposits and withdrawals. Many bookmakers accept PayPal, and transfers to your bank account can be instant.

<a href="https://www.skrill.com/en/">Skrill</a> (formerly known as Moneybookers) is another popular e-wallet option. Skrill transactions are usually processed quickly, making it ideal for moving funds between accounts. However, like PayPal, Skrill can also be excluded from some offers, so always double-check the terms.

<a href="https://www.neteller.com/en">Neteller</a> is frequently mentioned in bookmaker terms and conditions, often alongside warnings that deposits made through Neteller may not qualify for promotions. Additionally, withdrawing funds to your bank from Neteller can take up to five working days, which means you'll have to wait to access your money.

Using Online Only Banks For Matched Betting

Online bank offer pretty much all the services high street banks offer, but are fully online. Some examples of these are <a href="https://monzo.com/monzo-account/">Monzo</a>, <a href="https://www.revolut.com/">Revolut</a> and <a href="https://www.starlingbank.com/">Starling</a>.

We’ve seen mixed reviews when using these online bank accounts for Matched Betting.

There have been reports that some of the online banks themselves block any gambling-related transactions which obviously isn’t ideal when betting.

While choosing a bank account for Matched Betting might not seem like a critical decision, setting up a separate account can greatly simplify your betting activities. It allows you to track your profits more clearly, avoid unnecessary complications with loan or mortgage applications, and manage your bankroll effectively.

By setting up a high street bank account and using a debit card to deposit into your bookie accounts you can be confident you’ll be eligible for all offers and it also helps you avoid other issues such as account blocks or more potential <a href="https://outplayed.com/blog/do-i-need-id-for-matched-betting">identification checks</a> that come with depositing via e-wallets or online only banks.

1. Why should I use a dedicated bank account for Matched Betting?

Using a separate bank account for your Matched Betting activity ensures your betting activity doesn't show on your main bank account, makes it easier to track your progress, and helps you build up more profits without before you spend them.

2. Can my betting activity affect my mortgage application?

Yes; mortgage lenders will usually view at least 6 months of your banking activity, and may be concerned if betting activity features heavily. That's why a separate bank account for Matched Betting is such a good idea.

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