The biggest event of the year in the Matched Betting calendar is nearly upon us: The Cheltenham Festival.

The 2023 Cheltenham Festival will take place over 4 days from Tuesday 14th March until Friday 17th March. Traditionally these 4 days can be some of the most profitable of the year for anyone Matched Betting – regardless if you’re quite new to the process or an old hand. See:&nbsp;<a href="https://outplayed.com/news/front-page/how-much-could-you-make-at-cheltenham" target="_blank">Matched Betting Cheltenham 2022: How much could you make?</a>

Why Is The Cheltenham Festival Such A Big Deal In Matched Betting?

That’s easy...the more popular an event is with traditional punters the better that event is for&nbsp;<a href="https://outplayed.com/what-is-matched-betting" target="_blank">Matched Betting</a>.

Cheltenham is MASSIVELY popular with punters and over the course of the festival they will bet hundreds of millions of pounds with the bookies. Each bookie will be fighting it out to make sure the punters are choosing them to bet with.

This means they’ll be pushing very competitive odds, loads of free bet offers, money-back specials, price boosts and more extra place races, with ‘extra’ extra places!

These all add up to give us an absolute load of opportunities to earn some extra cash through Matched Betting.

If this is your first time Matched Betting the Cheltenham Festival and you want to see the best returns for the time you put in you need to get prepared right now.

As always, we’re here to help our Platinum and Diamond members&nbsp;with some top tips to get you ready for Cheltenham.

Profit With Matched Betting This Cheltenham: 7 Top Tips To Prepare

If you’ve never bet on Horse Racing before then RIGHT NOW is the time to start.

First of all – please watch and read&nbsp;<a href="https://outplayed.com/offers/training/recap-horse-racing-terminology" target="_blank">this super useful guide on Horse Racing Terminology</a>.

We tend to recommend beginners to place your bets on the actual day of the race and as late in the morning as possible This is so you can benefit from&nbsp;<a href="https://outplayed.com/news/horse-racing/best-odds-guaranteed-in-matched-betting" target="_blank">Best Odds Guaranteed (BOGs)</a>. However, if you can only do your bets the evening before due to work and other commitments then do that - as getting as many offers done as you can is more important than trying to get a BOG too.&nbsp; If you’re a beginner to Matched Betting, we'd also recommend to avoid betting near the very start of the race (30 minutes or so before) as the odds can move very quickly at this time making it harder for us to place our Matched Bets at the odds we want.

Start by placing a few Qualifying Bets for any relevant weekly bet clubs and/or by doing&nbsp;<a href="https://outplayed.com/news/blog/top-tips-to-avoid-being-gubbed" target="_blank">a few Mug Bets</a>&nbsp;on horse racing. Then add in any&nbsp;<a href="https://outplayed.com/news/matched-betting/price-boosts-enhanced-odds-offers-what-they-are-and-why-you-should-be-doing-them" target="_blank">Price Boosts</a>&nbsp;that pop up on Horse Racing too.

Next, start to add in a few Horse Racing Refunds (a.k.a. Money Back Specials). There is a great introductory guide on these types of offer available&nbsp;<a href="https://outplayed.com/news/horse-racing/matched-betting-horse-racing-money-back-if-x-offers" target="_blank">here</a>. At this point you want to become pretty confident at finding good bets using both the&nbsp;<a href="https://outplayed.com/news/matched-betting/are-you-making-the-most-of-our-oddsmatching-tool" target="_blank">Oddsmatching Tool filters</a>&nbsp;and the&nbsp;<a href="https://outplayed.com/offers/training/recap-match-catcher-guide" target="_blank">Match Catcher Tool</a>.

If you have a decent bankroll available, you then also want to&nbsp;<a href="https://outplayed.com/news/horse-racing/matched-betting-extra-places-part-1-the-basics" target="_blank">start learning about Extra Place Offers – right here</a>.

Extra Places are considered to be a more advanced type of Horse Racing Matched Betting reload offer – but are well worth investing the time in learning because of the substantial profits they can make you once you master them.

We’d advise to spend your time up until Cheltenham learning how to do Extra Places and about the&nbsp;<a href="https://outplayed.com/news/horse-racing/matched-betting-extra-places-part-4-a-strategy-discussion" target="_blank">strategic approaches to doing them</a>&nbsp;(i.e. strict control of Qualifying Losses and choosing horses with good implied odds). As well as reading ALL THE GUIDES and getting to grips with using the&nbsp;<a href="https://outplayed.com/extra-place-catcher" target="_blank">Extra Place Catcher</a>, we’d also recommend reading through the Daily Extra Place threads in the forum over the next few days (<a href="https://forum.outplayed.com/category/83/horse-racing" target="_blank">which is in the Sports Reloads &gt; Horse Racing section</a>). In these threads you can pick up TONS of additional tips and advice on how to approach Extra Places direct from the members who really excel at them.

ASAP would then be a good time to have a go at doing your very first Extra Place Offers. From there you can then keep practising and refining your skills until Cheltenham where you will then hopefully be confident enough to tackle as many Extra Places Races as you can. In summary, here's the 5 guides to start with TODAY if you want to be Cheltenham Ready:

2) Watch &amp; Get Active In The Outplayed Communities

Towards the end of February you need to be getting active in BOTH the Outplayed Matched Betting Forum and Facebook Community whenever you can. Make sure you know your way around the forum especially. Follow the Offers Team in the Forum if you haven't already.&nbsp; You can do this by going to the&nbsp;<a href="https://forum.outplayed.com/user/offersteamop" target="_blank">OffersTeamOP profile</a>, then clicking the green plus sign next to their profile image. The tips and advice available in these communities are on another level. If you have a question about horse racing offers, Cheltenham or anything related please ask it! All the expert Outplayed team and 1000's of experienced members are all ready to help you make the most of you Matched Betting. The Outplayed Team will also be running numerous live events and Q&amp;A sessions in the lead up to Cheltenham. Make time to watch any and everyone that you can. If you can't make the 'live' event - the recording are always available afterwards. Just ask the team if you can't find one you're looking for and they'll point you in the right direction.

3) Make Sure You Have Your 0% Commission at Smarkets Activated

<a href="https://outplayed.com/news/matched-betting/smarkets-0-commission" target="_blank">Follow this guide</a>&nbsp;to make sure you have activated your 0% commission at Smarkets for the Cheltenham Festival. Both new customers and existing customers (via our Outplayed partnership) are eligible. This will take a couple of minutes to do but will ensure you are making the most profit possible over the festival and throwing none away to the Betting Exchanges. Outplayed members who aren't signed up to Matchbook Betting Exchange can also access 0% commission&nbsp;<a href="https://outplayed.com/offers/sportsbook-signup-offers/matchbook-0-commission-10-free-bet" target="_blank">via this offer</a>.

4) Boost Then Organise Your Matched Betting Bankroll

Assuming you've already started Matched Betting, in the weeks leading up to Cheltenham if you’ve got signup offers left to do get them done and out of the way.&nbsp; Also hit any and every reload offer you are able to do that comes your way - no matter how small the profit - it all soon adds up. You want to build up your bankroll as much as you can ready for Cheltenham.

If you have access to casino offers, then blasting through a few of the easier, lowest-risk casino signup offers could also we very worth your while too.

As Cheltenham draws closer you want to start looking at moving as much of your bankroll as possible, especially from the bookies you use less often, into your bank and preferred betting exchange accounts.

You want to have as much as you possibly can available in your exchanges and Matched Betting bank account. There is nothing worse than seeing an awesome offer over Cheltenham that you can’t do because you’re out of liability.

5) Understand And Know How To Use Shared Liability

Shared liability is ABSOLUTELY ESSENTIAL to master for Cheltenham.&nbsp;<a href="https://outplayed.com/news/matched-betting/using-shared-liability" target="_blank">Learn about it here.</a>

If you don’t learn how to use shared liability to your advantage you will miss out on opportunities to profit at Cheltenham – especially if you only have a smaller bankroll.

If you don’t already have a system in place to keep tabs on what offers you need to do by when, you need to sort it now.

You have to be organised over Cheltenham otherwise you will miss out on profits.

At the bare minimum have a notepad where you can put free bets down or similar offers that you haven't yet done. The last thing you want is a free bet to expire as you forgot to use it! Easy money, down the drain.

We all know with Matched Betting the more time you can put in the more money you can make. This won’t be possible for everyone but if you can arrange it so you have as much time as possible to do Matched Betting over those four Cheltenham Festival days, it will pay off.

If, for example, you are lucky and have flexible hours at work – see if you can start late on those days or have a long lunch break. You can then completely fill that time with Matched Betting. (We have experienced members who actually take the time off work so they can solely focus on the festival. Of course we can't all do this but the fact members do it at all just makes the point of how much is up for grabs).

If you normally exercise at some point during the morning or afternoon – get it done first thing instead – and replace that normal exercise time with Matched Betting time.

Leave any jobs that aren’t completely and utterly necessary to do during the day for late evening. Over these 4 days – unloading the dishwasher or getting that laundry out can wait until the Matched Betting is all done and dusted!

You may want to warn family/friends in advance that you will be super busy over the festival period too. Then they’ll be prepared for it when you suddenly run off after getting a notification from the OffersTeam on the forum or a private email offer from a bookie. If you can really only find 10-20 minutes in the day for Matched Betting - don't worry and please do not compare yourself to others who have more time (and likely no toddlers, babies or similar to think about). Any extra cash you can put in your pocket for spending how you like is a positive. Focus on that.&nbsp;

Interested in Getting Started Matched Betting In Time For Cheltenham?

Why not learn more about Matched Betting? Want to join in this Cheltmas?

You can&nbsp;<a href="https://outplayed.com/user/register" target="_blank">start learning for free with our free trial and make your first profits.</a>

<a href="https://outplayed.com/upgrade" target="_blank">Alternatively, upgrade to our Platinum Membership here</a>. You can easily make the cost of your membership back within an hour or so once you get the hang of things. Talk about value for money!

Andrea

How To Prepare For Cheltenham

In the UK, a side hustle, or side gig, tends to refer to any activity that brings in additional income or extra money on top of a person’s typical day job.

It is a way to make money in your spare time around, or to the side of, your main employment.

Broader definitions of a side hustle consider the description of ‘main employment’ to also include full-time parents or stay-at-home-parents, as well as anyone who is retired with their main income coming from their pension.

Research by insurance provider Aviva suggests that <a href="https://www.aviva.com/newsroom/news-releases/2022/06/one-in-five-brits-have-started-a-side-hustle-since-march-2020/">1 in 5 adults in the UK have started a side hustle since March 2020</a>. The 2022/23 cost-of-living crisis may cause this to rise even further.

No, there are hundreds of different side hustles and side gigs you can do. The are many <a href="https://outplayed.com/news/side-hustle/side-hustle-ideas/" target="_blank">side hustle ideas in the UK</a>. Several are online only, but there are plenty that aren’t too. Some side hustles can be started for free, or with a very small initial investment (£50-£100 or less). With <a href="https://outplayed.com/" target="_blank">Outplayed</a> for example, it's possible to start your Matched Betting side hustle with just a £50 float (or <a href="https://outplayed.com/news/matched-betting/matched-betting-bankrolls-everything-you-need-to-know/" target="_blank">bankroll</a>). Several need a good bit of money invested upfront to get them going (£500 to £1000 or more in some cases). These tend to be the side hustles that are more business-like in their nature and require an initial purchase of stock to sell or production materials. Many don’t require you to have any specific skillset or knowledge to get them set up. Pretty much anyone can start them. Comping is an excellent example of a side hustle where virtually no prior knowledge or skills are required. Others need only a willingness to learn. These types of side hustle often help you develop new skills as you go. Skills that could also end up being beneficial to you in your main employment. Learning to set up a blog or website and incorporating affiliate links into them to earn money would be a prime example of such a side hustle. Only a few, niche side hustles, require very specialist knowledge or skills in specific areas of interest. Teaching Japanese online would be a side hustle that need specialist language and teaching skills that certainly not just any one has.

Some side hustles bring in a few bits of extra cash here and there, whilst others can bring in thousands. Many of the <a href="https://outplayed.com/news/side-hustle/most-profitable-side-hustles-2022/" target="_blank">most profitable side hustles</a> do involve some level of effort. However, some, like <a href="https://outplayed.com/what-is-matched-betting/" target="_blank">Matched Betting</a>, require relatively little effort compared to other highly profitable side hustles.

Despite there being so many different side hustles, most in the UK do tend to fit into 1 of 5 types.

List Of The 5 Types of Side Hustles In The UK With Examples

A second, part-time job, where you are registered as an employee by a business. An example would be working evenings on weekends as a bartender in your local pub.

A second, part-time job, where you are a self-employed, independent contract-style worker that completes tasks on behalf of a company for their customers. This type of side hustle is considered part of the <a href="https://www.bbc.com/news/business-38930048">gig economy</a>, as you only get paid for the ‘gigs’ you do. Well-known examples include being an Uber driver, a Deliveroo rider or a Tasker on sites like TaskRabbit. Some tasks, or gigs, maybe online only. Completing online surveys would be such an example.

3. Side Businesses or Hobby Businesses (Self-Employed)

A side business you set up and do only outside of your regular working hours and are basically your own (self-employed) boss. <a href="https://outplayed.com/news/matched-betting/matched-betting-vs-dropshipping/" target="_blank">Dropshipping</a>, and selling hand-made, personalised goods on online marketplaces, such as Etsy, are examples of popular side businesses in the UK. Setting up a blog or website and making money from affiliate marketing links is another example. Many people start these kinds of side hustles or hobby businesses in the hope that they will eventually be successful enough to turn them into full-time businesses that will replace their full-time income.

Personal Asset-Related Side Hustles are where you either rent or sell your personal items, possessions or part of your property to make some extra money. Selling your second-hand clothes or your children’s unwanted toys on eBay would be an example of a Personal Asset-Related Side Hustle. This sort of side hustle tends to be a very short-term way of making some extra money. Renting out your driveway for parking, renting out your car (carsharing), or renting a room in your house are further examples. These sorts of side hustle can be more long-term methods of making a second income. The emphasis here is that the items sold or rented must be your personal assets that belong to you. If you are buying something specifically to then sell for a profit this would be classed as a side business style side hustle. Specifically purchasing second-hand furniture that is not your own, then flipping them to sell on at a profit would be a good example of a side hustle that is a side business - and NOT a personal asset-related side hustle. If you just jazzed up your own personal furniture before selling it in the hope you could get more for it - this would be a personal asset-related side hustle. Some of these side hustles may require you to also register as self-employed and complete a Self Assessment for tax purposes. This is most often required in cases where you make more than £1000 and go above the <a href="https://www.moneyhelper.org.uk/en/work/self-employment/tax-and-national-insurance-when-youre-self-employed">tax-free Trading &amp; Property Allowance</a>. There are some exceptions to this though - such as the <a href="https://www.gov.uk/rent-room-in-your-home/the-rent-a-room-scheme">UK Government’s Rent A Room Scheme</a>. Tax implications for side hustles of this kind can vary greatly. We recommend doing your research before jumping into renting or selling any of your personal assets - especially if you plan to make more than £1000 from your side hustle.

A side hustle offshoot is a way of making money online in your spare time that does not require you to take on any additional form of employment - no matter how much you make. Money made from these side hustles tends to be tax-free. Popular examples include regularly using cashback websites or similar cashback and rewards services, comping and Matched Betting.

Many people also consider strategies like switching bank accounts to gain a cash reward, deal hunting, and frequently using discount or voucher websites to also be types of side hustle offshoots. Although technically these side hustles are more related to ways of saving money than making money.

Although some of these side hustles can be very profitable they should not be considered as an alternative to full-time employment in anyway. They are quite a different type of side hustle compared to those side hustles that are considered as side businesses or hobby businesses.

WANT TO SEE WHAT'S POSSIBLE WITH MATCHED BETTING? There are over 50,000 members in our Facebook Group you can ask today about what can be made with Matched Betting. Our community is like no other - everyone helps each other make as much as possible all day long. It really is something special to be a part of, and you can be part of it too!

Also read about&nbsp;<a href="https://outplayed.com/calculator" target="_blank">match bet calculator</a>

<a href="https://outplayed.com/signup/" target="_blank">JOIN THE FACEBOOK GROUP</a>

How to start Matched Betting with Outplayed

At Outplayed you can start learning Matched Betting free and make up to £40 in profit on a free trial.

When Matched Betting with OUTPLAYED.com, as long as you follow the guides, you can’t lose, only profit. Matched Betting is not an alternative to employment or a solution to financial concerns. Profits can vary dramatically based on time and effort.

A side hustle is any activity that brings in extra money on top of a day job. It's a way to make money in your spare time, on the side.

What Is A Side Hustle?

At <a href="https://outplayed.com/" target="_blank">Outplayed</a>, we're lucky to have some of very best matched betting gurus in our team. They find all the latest bookmaker offers, make new <a href="https://outplayed.com/news/matched-betting/matched-betting-calculators/" target="_blank">Matched Betting calculators</a>, explain how to maximise your profits from each and every offer, and provide <a href="https://uk.trustpilot.com/review/outplayed.com" target="_blank">outstanding, 5-star support</a>, advice and&nbsp;<a href="https://outplayed.com/what-is-matched-betting" target="_blank">Matched Betting</a>&nbsp;tips in both the forum and Facebook Group communities.

Here, some of our leading experts offer advice on how to keep profiting when Matched Bets with restricted accounts or gubbed accounts. 

Useful reading: <a href="https://outplayed.com/news/front-page/blog/top-tips-to-avoid-being-gubbed/" target="_blank">Top tips to avoid being gubbed when Matched Betting</a>


Can I Still Make Money Matched Betting With Restricted Accounts?

If you have been using <a href="https://outplayed.com/news/side-hustle" target="_blank">Matched Betting as a side hustle</a> to make some extra cash for more than a few months then you might have <a href="https://www.profitaccumulator.co.uk/what-is-gubbing-and-what-does-it-do/">been "gubbed"</a> by at least one bookie.

Gubbing is <a href="https://outplayed.com/glossary/" target="_blank">Matched Betting terminology</a> for what we call it when a bookmaker contacts you, usually via email, to say that you can no longer have any free bets or promotional offers from them. Now, while this is definitely not a good thing, it doesn't have to be the end of making profit from that particular bookie.

All it means is that you have to shake your strategy up a bit.

There are still a variety of ways in which you can make money from a gubbed account.

Most of the time when you get gubbed or restricted by a bookie it will just be on their sportsbook side, which means you will still be able to take part in their casino and slots promotions. The same usually applies for bingo offers, poker offers, etc.

The Outplayed <a href="/diamond-upgrade" target="_blank">Diamond Membership</a> gives you access to a ton of guides and casino offers worth hundreds in potential profit each month. There are more casinos to signup to than there are bookmakers as well and many have what can be potentially very lucrative signup offers.

If you're unsure about how exactly casino offers work - I'd recommend <a href="https://www.facebook.com/groups/outplayedofficial" target="_blank">joining our free Facebook Group</a> and watching to this live-stream Q&amp;A event our team did on casino: <a href="https://www.facebook.com/events/947621019529229/" target="_blank">Busting Casino Myths in Matched Betting.</a>

For over 90% of the bookmakers, you can still take advantage of Horse Racing Extra Place offers despite being gubbed. 

Extra Place Offers are often described by our community as one of the most lucrative Matched Betting offers you can learn to do.

They do take a little bit of time to learn and everyone tends to develop and refine their own preferred strategy of profiting from them - but the consensus is once you master them they are well worth the effort.

Our experts have again done a <a href="https://www.facebook.com/events/2162390847254179/" target="_blank">live Q&amp;A session on Horse Racing Extra Place Offers</a> in our Facebook Group that is a must watch.

You can also start learning about them in a 4-part series available on our <a href="https://outplayed.com/news/" target="_blank">Matched Betting blog</a>.

We recommend starting with: <a href="https://outplayed.com/news/matched-betting/matched-betting-extra-places-part-1-the-basics/" target="_blank">Horse Racing Extra Places - The Basics</a>

This outlines what each-way bets in horse racing and how to place them at the bookmaker and lay them off at the betting exchanges. <a href="https://outplayed.com/news/horse-racing/what-does-each-way-mean/" target="_blank">Each way bets</a> are absolutely necessary for doing Extra Place Offers.

3. Learn Dutching And Arbitrage Betting (Arbing)


Arbing is something you should absolutely avoid doing on a healthy bookmaker account. But, it is definitely a choice for gubbed ones.

<a href="https://outplayed.com/what-is-arbing-or-arbitrage/" target="_blank">Arbitrage betting</a> kind of works in a similar way to <a href="https://outplayed.com/news/matched-betting/price-boosts-enhanced-odds-offers-what-they-are-and-why-you-should-be-doing-them/" target="_blank">Matched Betting Price Boosts, or Enhanced Odds Offers</a> - in that you can lock-in an instant profit due to being able to back at the bookmaker at higher odds than what you lay at the exchange. The only difference is that an Arb is not associate to any promotional offer from the bookies. It is purely taking advantage of the times when a bookmaker's odds happen to be higher than the lay odds at <a href="https://outplayed.com/news/matched-betting/smarkets-0-commission/" target="_blank">Smarkets</a> or another exchange.

Like with Arbing, <a href="https://outplayed.com/dutching-software/" target="_blank">Dutching</a> for a profit is not something you should ever do on a healthy account, but it is a way to make profit on gubbed ones.

Many experience members and ourselves tend to do Dutching during very high profile events - such as The Cheltenham Festival. Some members prefer to dutch horses, while others prefer to master football dutching. 

This is a very advanced method of Matched Betting and requires a large bankroll and mindset that are able to deal with the huge potential variances in profit that are likely to come with doing it. You should have mastered Extra Places and Casino Offers before even considering this strategy and be extremely comfortable with the concepts of <a href="https://outplayed.com/expected-value-ev/" target="_blank">Expected Value</a> and Variance.

Even our experts would recommend what we refer to as 'paper-trading' this strategy for sometime - which is basically pretending to place the necessary bets but not actually placing them - before taking up this strategy. 

Platinum and Diamond Members can see discussion in our <a href="https://outplayed.com/matched-betting-forum/" target="_blank">Matched Betting Forum</a> about the Each Way No Lay strategy by some of our most experienced members <a href="https://forum.outplayed.com/topic/110674/each-way-no-lay/" target="_blank">here.</a> Similar to Extra Places and Dutching we'd recommend taking the time to learn about as much as you can about the strategy before starting it.

Want To Know More About Matched Betting With Restricted Accounts?

Please <a href="https://outplayed.com/contact/" target="_blank">contact our customer services team</a> - they really are a wealth of knowledge when it comes to everything Matched Betting.

WANT TO SEE WHAT'S POSSIBLE WITH MATCHED BETS? There are over 50,000 members in our Facebook Group you can ask today about what can be made with&nbsp;<a href="https://outplayed.com/what-is-matched-betting/" target="_blank">Matched Betting</a>. Our community is like no other - everyone helps each other make as much as possible all day long. It really is something special to be a part of, and you can be part of it too!

Read about&nbsp;<a href="https://outplayed.com/calculator/" target="_blank">matched betting calc</a>

When Matched Bets with OUTPLAYED.com, as long as you follow the guides, you can’t lose, only profit. Matched Betting is not an alternative to employment or a solution to financial concerns. Profits can vary dramatically based on time and effort.

How to keep matched betting with restricted accounts: Advice and tips on how to continue with gubbed accounts and without free bets

Make Money Matched Betting With Restricted Accounts

The game between England and Wales will take place on Tuesday 29th of November as part of the 2022 World Cup Group Stages at the Al Rayyan Stadium, Qatar. Without a doubt, it should be an exciting fixture that most of the United Kingdom will be watching.

We'll give you a quick rundown of how to get £33.21 cash in this guide, regardless of whether England wins, loses, or draws. Yep, you read that right!

This kind of return is what Matched Bet is all about. There is no such thing as a losing bet - only money in your pocket - provided you follow the instructions and training videos on Outplayed of course!

Step 1: Pick A New Customer Signup Offer on Outplayed

You could easily apply this Wales v England World Cup&nbsp;<a href="https://outplayed.com/what-is-matched-betting" target="_blank">Matched Betting</a>&nbsp;example to the Coral or Betfred Signup Offers available on our Matched Betting free trial. In this example, we will be referencing a special welcome offer for new customers that William Hill has available for the 2022 Qatar World Cup.

William Hill’s typical signup offer is Bet £10 Get £30 in free bets. Their special World Cup welcome offer though gives us an extra £10 of free bets - so £40 of free bets in total (T&amp;Cs apply).

UPGRADE FOR INSTANT ACCESS TO OVER 50 SIGNUP OFFERS Outplayed Platinum and Diamond members can view the special William Hill signup offer guide and several other bookmakers' special World Cup welcome offer guides in this <a href="https://forum.outplayed.com/category/100/world-cup">dedicated World Cup section</a> of our Matched Betting Forum).

<a href="https://forum.outplayed.com/topic/115942/enhanced-signup-offers" target="_blank">LEARN MORE</a>

During important sporting events, many bookmakers offer these special or 'super-charged' signup incentives in order to attract more new customers. Enhanced signup incentives like this are <a href="https://outplayed.com/news/matched-betting/3-reasons-why-you-need-to-start-matched-betting-in-time-for-the-world-cup/" target="_blank">why it’s an extremely good idea to start Matched Betting during the World Cup</a> or other major sporting events - as you can potentially make far more profit than you would when starting at other times of the year.

Step 2: Place a £10 Qualifying Matched Bet to unlock £40 in free bets

This article is a walk-through written guide explaining how Matched Bet works. If you’d like to see a full, in-action example please signup for our free trial and watch our video training guides. The video guides show you how to place bets and how to use your free bets to make a profit in an easy-to-follow way.

Remember, you only need your email to register for our free trial and watch the training guides - nothing else!

To unlock the £40 in free bets from William Hill you first need to do your Qualifying Bet, by depositing and placing a £10 bet with them (at odds of 1.50 or higher).

We’ll also need to also do what is referred to as a lay bet, or a bet that is directly against our bet at William Hill, at a Betting Exchange to obtain these free bets.

A Betting Exchange is a special type of betting website that we use in Matched Betting to ensure we only profit for each bookmaker offer.

An example of a popular Betting Exchange is Smarkets. Outplayed members are able to receive <a href="https://outplayed.com/news/matched-betting/smarkets-0-commission/" target="_blank">0% commission at Smarkets</a>.

A Matched Betting Qualifying Bet is made up of TWO bets.

In Matched Betting, we always place 2 bets at a time:

England to win

The bet ‘AGAINST’ the exact same outcome happening at Smarkets Betting Exchange. 

If the back bet goes on to win at William Hill, our lay bet loses at Smarkets.

If our back bet loses at William Hill, our lay bet wins at Smarkets.

By doing these 2 bets we’ve ensured all outcomes of a game are covered and that we therefore can’t lose our £10 stake - as we automatically win it back on the other side.

Normal bettors only ever place back bets, and never a lay bet at the same time. Placing the additional lay bet is what makes Matched Betting quite different from gambling.

How do we find the best Qualifying Bet for Matched Betting?

With the Outplayed Matched Bet Finding Tool (known as the <a href="https://outplayed.com/oddsmatching/" target="_blank">Oddsmatcher</a>).

This difference is measured as the Percentage Rating on the Oddsmatcher. The higher the percentage rating - the smaller the difference between the odds is.

A 99% rating is better than a 98.5% rating, which in turn is better than a 97% rating and so on. 

The Oddsmatcher NEVER lists bets based on a team’s performance, a horse’s form or otherwise. None of that matters in Matched Betting - only close matching pairs of odds at the bookie and the exchange do.

An example Qualifying Bet in Matched Betting

Here is an example of what such a Qualifying Bet would look like on the Oddsmatcher.

The Oddsmatcher and integrated Matched Betting Calculator advise us to place our £10 Qualifying Bet on England to win at odds of 1.67 at William Hill - then place a £9.88 lay bet against England to win at odds of 1.69 at Smarkets.

What will happen when we place these two bets? Will we lose our £10 stake at William Hill or our £9.88 lay stake at Smarkets? No, we will lose a small Qualifying Loss of just 12p. Yes, just a teeny tiny 12p down - no matter if England win, lose or draw.

We have a small Qualifying Loss only because of the difference between the back odds (1.67) at William Hill and the lay odds (1.69) at Smarkets.

Now we know it’s going to ‘cost’ us exactly 12p to unlock £40’s worth of free bets from William Hill, the only thing left to do is to place BOTH our back and lay bets.

For guidance on placing a Qualifying Matched Bet like this at a bookmaker such as William Hill, we recommend following our video guides on our free trial first.

As soon as we’ve completed this Qualifying Matched Bet, we’ve completed the William Hill offer requirements and they give us £40 in free bets!

Do we now just gamble these free bets and hope to make a profit?

NO! We use Matched Betting again on these free bets to ensure we make a profit no matter what happens.

Why take the gamble when you can be sure of a profit following our Free Bet Matched Betting guides?

Step 3: Use Matched Betting on the Free Bets to extract a profit 

Everything we did above will be repeated, but this time at William Hill we'll be using the £40 in free bets they’ve just provided instead of our own cash.

Matched Betting Free Bets involves doing TWO bets again.

To profit from the free bets, we repeat the process of placing 2 bets at a time:

How do we find the best Matched Bet to profit from the Free Bets?

With the Outplayed Matched Bet Finding Tool (known as the Oddsmatcher) again. The only thing we do differently though is to tell the Oddsmatcher we’re doing a free bet. It will then find Matched Bets with higher odds for us to do. The higher odds we use to do a free bet the more profit we can extract.

The only thing to be careful of when using higher odds on your free bets though is how much liability you will need in Smarkets Betting Exchange in order to place your lay bets. How much liability you have will depend on the size of your Matched Betting Bankroll.

Useful reading:

The Oddsmatcher can quickly finds us a great Matched Bet to do with our free bets.

An example of using a Free Bet in Matched Betting

Here is an example of a Free Matched Bet at higher odds the Oddsmatcher may provide)

The Oddsmatcher and integrated Matched Betting Calculator advise us to place our £40 of Free Bets England to win by 2 goals to 0 (0-2) at odds of 9.0 at William Hill - then place a £33.33 lay bet against England to win by 2 goals to 0 (0-2) at odds of 9.60 at Smarkets.

What will happen when we place these two bets? Will we just waste our £40 free bet from William Hill? No, we will make a profit of £33.33 regardless of what the scoreline is in the game!

Once we take off our initial 12p Qualifying Loss from our original bet, our total profit becomes £33.21.

As soon as we’ve placed (made) our free bets, we know we will make a profit regardless of the outcome and before the Wales v England game even kicks off. No matter the scoreline, no matter the outcome, as soon as the game ends, our profit comes in and we can withdraw it from either William Hill or Smarkets. If the free back bet wins, our profit will be in William Hill. If our lay bet against wins, our profit will be in Smarkets.

There are nearly 60 bookmakers in the UK with signup offers that we can extract a profit from with Matched Betting.

At the time of writing nearly 10 are offering enhanced versions of their signups for the World Cup.

The World Cup offers a fantastic opportunity to extract extra profit from these initial signup offers.

What happens when you finish the signup offers? Is that it?

The signup offers are just the very beginning of the profits you can make with Matched Betting. They are very much the warm-up to the main event!

The main event profit-wise in Matched Betting actually comes from all the daily offers the bookies give out to their existing customers. (You become an existing customer as soon as you complete their signup offers!)

Remember - the Qatar 2022 World Cup gives any beginner to Matched Betting an extra boost to their initial profits thanks to the super-charged signup offers available AND thanks to the additional existing customer offers available as well. If you’ve been thinking about getting started there is no better time than now.

England vs Wales. How To Profit With Matched Betting No Matter What The Outcome Of The Game

If you are curious as to what sharbing is, that means that you probably already know what Arbitrage, Arbing or arb betting is. The theory behind sharbing is the same as any arbitrage betting.

Arbitrage betting, also referred to as "arbing" is a remarkably easy and highly successful method of guaranteeing a profit by covering all potential outcomes of an event. For instance, there are two possible outcomes in a Golf tournament. The winner is either Player 1 or Player 2. Betting on both players can result in a win regardless of the outcome under the right circumstances (favourable odds).

Sharbing is short for "shop arbing." With an average payoff on bets of between 2% and 5%, arbitrage can be incredibly lucrative. With hundreds of online bookmakers giving odds for different markets on the thousands of sporting events that take place every day, there are many opportunities for arbitrage that, over time, can add up to a sizable return.

Keeping accounts open is one of the biggest problems for arbers. You require bookmaker accounts to place bets, and if you lose them, you can't make money using arbs. This is where sharbing comes into play — sharbing doesn't need bookmaker accounts.

The biggest effort involved in sharbing is needing to physically go to betting shops to place your bets rather than doing so while sitting in front of a computer at home, but essentially, step by step:

With <a href="http://outplayed.com">Outplayed</a>, finding arbs is simple. Manually looking for arbs would take a lot of time, but our cohesive system allows you to locate qualifiable bets with the push of a button.

Finding arbs while sharbing takes a little more effort because the odds that a bookmaker offers online could differ from those that they provide in store. The odds for the bulk of wagers are presented in-store on betting sheets, which are the A4 sheets of paper that are typically placed on the floor or on the walls of modern-day betting shops.

The odds may have changed by the time you pick up a coupon from a betting shop because they are typically produced days in advance and cover a variety of sports, leagues, and contests. If the odds go in your favour, this might lead to some profitable arbitrage bets.

You won't raise any red flags by placing a football wager over the counter because it's typical for bettors to place sizable wagers on markets such as (win-lose-draw) in-store.

You will run into a problem with the odds format when sharbing. While betting exchanges present odds in decimal format, in-store betting coupons present odds in fractional format. Either you need to learn how to mentally convert fractional odds to decimal odds or you need to use a phone app that converts odds.

The odds on the in-store coupons and those on a betting exchange must be carefully compared in order to identify opportunities for sharbing to be profitable. You may want to get a variety of coupons from the betting store and find somewhere close to analyse the sheets, so that when you do discover an arb, you are close to the bookmaker and can place both your back and lay bets before the odds on the exchange change.

Typically, those who are regularly sharbing have an issue opening or keeping an online account active. The reason for this could be a range of things such as address/ID issues or gubbing.

Locating local bookmakers will be your first step. You may be aware of these already, or check out the high street bookmaker store locator web pages like the below:

To calculate your lay stakes, you'll also need a matched betting or arbitrage calculator. You can access these via your Outplayed account.

It's critical to monitor your wagers. You'll accumulate a lot of betting slips if you place bets with several bookmakers daily. Keep track with a notepad, a phone note, or a sophisticated bet tracker - Outplayed has this also.

The amount of profit you make will depend on the stakes and amount of places you can visit as well as the arb bets you can find. The more you stake in an arb, the more money you'll make.

If you have the time, sharbing can be a welcome addition to your online arbitrage or matched betting routines and can boost your monthly income. Check out our <a href="https://forum.outplayed.com/topic/47056/sharbing-basics">forum for more information on the basics of sharbing</a>.

Start Earning Money Today With Matched Betting For FREE

That's right, you can earn money via Outplayed today by <a href="https://www.outplayed.com/free-trial">clicking here for your free trial</a>.

Also read about&nbsp;<a href="https://outplayed.com/calculator/" target="_blank">calculator matched betting</a>&nbsp;and&nbsp;<a href="https://outplayed.com/each-way-calculator-guide" target="_blank">ew calculator</a>

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