Matched betting guide and spreadsheet programs
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Although decimal odds may seem confusing at first, you will soon get to grips with them. All bookies will have an option in the account settings so you can toggle between fractional and decimal. Here are the odds at the betting exchange: As you can see, the lay figure for Tottenham is 1. Remember, the lay figure is always in pink. The next step is to calculate how much to bet to minimise your loss.
It sounds complicated, but there are plenty of handy calculators around that will do it for you. Profit Accumulator offers a free calculator that anybody can use. Unfortunately, this requires a slightly different calculation as the free bet is known as something called Stake Not Returned SNR. On the exchange, the odds are 5. Initially, it sounds very complicated.
As I said earlier, you can use a company like Profit Accumulator to help you figure it out. There are several ways to do this and it just depends on what you feel most comfortable with. You can create a digital spreadsheet using a program like Excel. Alternatively, you can download a ready-made spreadsheet from somebody else. Again Profit Accumulator has a free one on offer. Can you lose money matched betting? So, if you follow the above, all should be fine and dandy. And generally, this is a risk-free way to make money.
Occasionally, sport likes to throw in a surprise here and there and bookies have different rules to measure results. For example, if a tennis player withdraws through injury during a match, some bookies will void the result, whilst others will pay out.
So, the bookie with your win bet may just give you your stake back, whilst the exchange where your lay bet sits may take your money. That means one void bet and one loser. The only other issue you may have is by not paying attention. Fortunately, there are ways to minimise your losses in these situations, such as cashing out as soon as possible. How much can you earn? Like most things in life, the more effort you put into matched betting, the more you will get out. So, is matched betting worth doing?
Plus, all your winnings are tax-free. It is definitely worth trying out. Can you make a living from it? The money you make from matched betting will never replace a full-time living. The first few months will always be the most lucrative as that is when you use most of the sign-up offers. That is where Profit Accumulator becomes most useful, as they will let you know of any offers you may miss. Does matched betting affect your credit score? Can it? Matched betting should have no effect on your credit score.
However, there is a potential issue in applying for a mortgage. Banks are not keen to see large amounts of money coming in and out of your current account to bookies. Because of this, I have always used a separate current account for all of my matched betting. And Then Check it Again. My next tip for beginners when it comes to matched betting is always to double-check everything. This means ensuring that all the information you are using, such as odds and bets, matches up and that you have verified everything with multiple sources.
You must go through your calculations multiple times and check for potential errors. By taking the time to do this, you can help ensure that your matched betting experience goes smoothly and efficiently and minimise any costly mistakes or confusion. Signing up for a matched betting site can help reduce your chance of making a mistake.
Tip 8. The more time you can spend doing as many offers you can, the more money you will make. Both Profit Accumulator and Oddsmonkey can connect directly to your Smarkets and Betfair exchange accounts from the Oddsmatcher tool. What does it mean? You can lay your bets from the Oddsmatcher integration itself. And that saves a lot of time and reduces the chance of making mistakes like betting on the wrong marker or event. Tip 9. This single tip can save you significant money in the long run.
When you sign up for a Profit Accumulator or Oddsmonkey account, you can use the personalised offer link they provide to claim. Tip Get the Oddsmatcher Tool If you were wondering, you could do matched betting even without using a matched betting site. But I still highly recommend you to sign up for one. It saves you the hassle. Oddsmatcher helps you quickly find the best odds for your back and lay bets to maximise your profits.
In addition, it helps you compare the odds between different bookmakers and exchanges. If I were to pick only one reason to sign up for a match betting site, it would be the Oddsmatcher tool. They make the whole process a lot easier by giving you all the information you need in one place.
You can see what markets are available, what bet to make, and how much money you can make from each bet. So be sure to check out the Oddsmatcher tool and see how it can help you make money from matched betting! Try the Profit Accumulator Oddsmatcher Tip Use a Matched Betting Calculator This handy tool will help you work out how much profit you can expect to make from each bet.
You can quickly enter the back odds, lay odds and the exchange commission. The calculator then gives you your exact qualifying loss or profit and how much your lay stake will be on the exchange. We earn a commission if you make a purchase, at no additional cost to you. Use Multiple Betting Exchanges Another tip I recommend you follow is to have accounts with multiple betting exchanges.
Contrary to popular belief, not all betting exchanges offer equal odds or features, so it is good to explore various platforms to find the perfect exchange for your needs. Critical factors to consider when looking for a suitable betting exchange include the number and variety of markets available, how user-friendly the site is, and any additional bonuses or incentives they may offer.
By taking advantage of multiple exchanges, you open yourself up to access a broader range of opportunities and tools to help you maximise your profits with every bet. As a beginner, you might get excited about the potential wins and start making more and more bets without a solid strategy; this will only lead to losses.
Instead, be patient and stick to the plan. When it comes to matched betting, you need to understand that it is not gambling. So unless you make any mistakes, the risk of losing money with matched betting is minimal. Of course, there will be months where you make more and months where you make less, but as long as you stick to the offers and follow the Golden Rules, you will be on the right track to making some significant profits from matched betting.
The key is not to get greedy and always try to go for the big wins. It is far better to grind out a consistent monthly profit than to go for the big wins. Matched betting is about making small but consistent profits, which you should aim for. Track Your Progress and Stay Organised It is important to track your matched betting progress when starting. This will help you see how much money you are making and give you a sense of achievement as you begin to see your bankroll increase.
There are various ways to track your progress, including using spreadsheets or tracking apps. I started with the Profit Accumulator in-built profit tracker, which lets you track your profit from each offer. I found several useful matched betting spreadsheets and picked the one by TeamProfit. It allowed me to track a lot of granular information for every bet I placed, along with exactly which bookmaker or exchange account my money was with.
That was useful as a beginner. But then, with time, I felt I was spending a lot of time on tracking, and I wanted to focus more on making money than tracking granular details. So I gave up on the spreadsheet tracking and just hung on to my original pick — the inbuilt Profit Accumulator profit tracker , the only tracker I use now. It lets me track my profits, qualifying losses, and other things. For me, it just works. Profit Tracker Profit Accumulator Even matched betting sites like Oddsmonkey have their own tracking tool, which is quite helpful.
Whatever method you choose, have some way to track your wins and losses so that you can get an accurate picture of how well you are doing over time. You could pick a tool, a tracking spreadsheet or go basic with the old pen and paper. Having some way to track your earnings progress, you will always have a clear overview of your earnings and losses.
Withdraw Your Profits Regularly Once you start making profits from matched betting, it is important to withdraw your money regularly, whether weekly, fortnightly or monthly. This way, you can easily track how much money you are making and ensure that your winnings are not at risk of being lost. This will help you stay motivated and ensure you are not tempted to gamble with your winnings. If you need the funds again for reload offers, depositing them takes only a few seconds.
I usually keep the money in bookmaker accounts until the complete offer is done and then move everything to my bank account. Get Help and Support If you struggle with matched betting or have a few questions, there is no shame in asking for help. Plenty of resources are available to help you get started with matched betting. Profit Accumulator and Oddsmonkey are two of the biggest and most popular matched betting sites.
They both have forums where you can ask questions and get help from more experienced matched bettors. You can also find plenty of information on YouTube and Google. Like you came across this one where I share the knowledge I gained over the last year of match betting!
You can also drop me a comment on any of my Matched Betting guides, and I will be more than happy to help you or point you in the right direction. Stay Consistent and Disciplined Matched betting is a great way to make money, but staying consistent and disciplined is essential. Consistency is key when it comes to matched betting.
But 3 years ago, I was well and truly immersed in the daily hustle of risk-free betting.
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SPORTS BETTING RECORD SPREADSHEET TEMPLATE
In that period my main focus was on football betting and the bookmaker had a good detailed history of my bets. I started to build up a football betting spreadsheet based on my history. Or check my OddsJam Review and find out how to profit from overpriced betting odds!
After using the filter option in that excel sheet, I started to search for markets that are not profitable. After 5 — 10 minutes of filtering and researching, I found out that my corner bets were in a massive loss. And another thing I realized was that betting on odds under 1. Well, you can imagine my results after avoiding these markets.
Just as a reminder, if you are building or using a betting tracker like this, you need to have as many bets as possible. A small sample of bets can easily lead you to wrong conclusions. So, an excel tracker like this will help you monitor your profits and losses in certain markets or leagues. My relevant articles about matched betting: No risk matched betting USA For example: this football betting spreadsheet increased my ROI return on investment from 0.
Arbitrage Betting Spreadsheet Tracking your bets if you are arbitrage betting has a different role. While in value betting, you can filter them and increase your profits, with arbing you will use it for another purpose. Based on my experience tracking your balance at every bookmaker will help you to: Figure out which account will need more deposits Where do you need to withdraw some money from Which bookie has more soft lines and odds Why is the last point important?
Building a database of your balances, noted periodically every week for example , will end up in a spreadsheet that can offer information about bookmakers. If you are familiar with value betting you know that some bookmakers are making more mistakes, while others are offering sharp odds.
If you notice that you have to deposit money at the same bookie every time, and at another, your only task is to withdraw, you can jump to some conclusions. Think about it! If you are withdrawing more from a bookie over a longer period than your total profits with arbitrage betting finders , why would you cover the other outcome? Value betting is more profitable than arbing, but not at every bookie.
An arbitrage finder like this can help you switch to a more profitable strategy. Matched betting spreadsheet Based on my experience building or using a premade betting template for matched betting is crucial. Making notes on a paper about your bonuses is not the most efficient way. If you start using more and more bonuses and bookmakers, you will notice that using at least an excel spreadsheet is a must. How to use a matched betting spreadsheet? The easiest way of tracking matched betting is using a prebuilt excel template that includes every information about: Bookmakers used Date of registering the account Username and password The amounts of deposit, actual balance, moned to withdraw Bonus types and the amount of them Sports used Pending bets Profits realized with that bookmaker Using a worksheet that includes your betting records will optimize your workflow.
In the long run, you can experience that the amount of time searching for data will get very short. A lot of the paid and also free oddsmatcher software are offering built-in spreadsheets that can automatically track your winnings. You can place bets through their services and the spreadsheet or database will record them. No matter what strategy or workflow you are following, you will need a database of your bets and bonuses. To be honest, using a service like this could help you a lot, but I like to store my data and history in the same worksheet.
How to make a simple betting spreadsheet? To build a database and a good betting template, the first thing you need to do is to sort out every data type you will need. In the list above I already mentioned almost all of them you could need for matched betting. For other kinds of strategies markets, odds and leagues could be necessary too. I have built an excel file that will help you record your bets and all information regarding your matched betting activity.
I think using a database that can be found only on your computer is way more secure than uploading it to another site. Tip: Watch the video in full screen by clicking the square icon on the bottom right of the video. After you have watched the above video, there is a simple follow up Youtube video. It lasts 5 minutes and will show you how to add in your existing balances and use multiple exchanges.
That's right, you can earn money via Profit Accumulator today by clicking here for your free trial. Got Questions? There are 3 easy ways to get help with Team Profit: Facebook Group - ask over 30, fellow matched bettors including the Team!
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