š” What is matched betting? Explained
As I briefly explained above, matched betting works by betting on both outcomes of the same market at two different sportsbooks. To increase the chance of making a profit or at least break even, you will need to use a
betting bonus
for at least one of the wagers. That way, you donāt pay for your stake.
š Example:
Letās say youāre looking at betting on Liverpool vs Manchester City. On one betting site, you might bet on Liverpool to win with your real money. On the other hand, you might use a free bet token to bet on City and the draw. That way, you receive some form of payout regardless of what the outcome is.
If the calculations are done right, you should at least break even. However, as always with betting nothing is guaranteed and I should emphasise that there are still risks involved.
āļø Is matched betting in Ireland legal?
There is nothing that outlaws matched betting or similar strategies in Ireland, so it is not illegal. However, online betting sites in Ireland naturally arenāt thrilled about the practice, and I have often found that it is against the T&Cs on many platforms.
That being said, the bookies will only pull you up and ban you if they catch you and believe that they are being cheated out of their own profits in some way. Donāt get me wrong, the bookies arenāt daft, and they will undoubtedly spot what youāre doing as they have got great resources. However, they tend not to take action until it negatively impacts them in a notable way.
š„ Matched betting Ireland – Pros and cons
As with all betting strategies, and everything in life in general, there are upsides and downsides to matched betting. I have highlighted the main pros and cons below:
- Not illegal in Ireland
- Can help to manage potential net losses
- Maximises the chance of a profit
- Relatively flexible
- Makes the most of bonuses
- Against the T&Cs of many bookies
- Calculations can be tough
āļø Why you need to use matched betting offers for it to work
One of the key elements in making matched betting work is using bonuses. Theoretically, you should at least break even by betting on all or both outcomes of an event. However, as an insider, I can tell you that the bookies alter the odds slightly to protect their profits.
This means that if you were to bet on both outcomes without using a bonus for one of them, you would be guaranteed a small loss in most cases. By making use of a bonus, you donāt have to pay for one bet and therefore have a better chance of making a profit if you have to rely on your ālay betā (the backup bet).
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š„ The best bonuses for matched betting in Ireland
You can check out the current promotions for the
betting sites in Ireland
on the banners on this page. I update them regularly and the rankings are based on my expert opinion as well as those of the team.
Each bonus reviewed on this site has been used and tested by me or another online gambling expert. As a result, you can trust the accuracy of the ratings and the fairness of each bonus report.
Here is a quick overview of the best bonus types for matched betting followed by a more detailed explanation:
- Free bet
- Risk-free bet
- Deposit match
š The top matched betting free bets
Free bet tokens are by far and away the most ideal bonus type for matched betting. This bonus type acts as a single stake worth a certain value, so you donāt have to pay for the bet on this outcome, which is integral to making matched betting work, as I explained. You can check out the best
matched betting free bet
types here.
š Risk-free bets
This bet type works the same as a free bet, just that you only get your free bet token if your qualifying bet loses. As a result, it isnāt quite as well suited to matched betting because you have in a roundabout way paid for your stake.
š¤ Deposit match
This type of bonus is paid in the form of credits that can be used across multiple bets. It is paid out to match a certain percentage of your deposit, usually 100%. While these bonus credits can work for matched betting, they usually come with high wagering or turnover requirements which can cost you in the long run.
š§ Is matched betting no-risk?Ā
Absolutely not, I cannot stress enough that in no way is matched betting in Ireland a risk-free practice. While the aim of the game is to ensure a profit, you are always at risk of losing money when gambling in any way, shape or form.
š My top tips for matched betting in Ireland
Matched betting isnāt the most straightforward of practices, and definitely isnāt something I would recommend for beginners. If you are looking into it for the first time, here are my top five pieces of expert advice:
š§® Do the maths, then do it again
This is a betting strategy that only works if a profit win can be guaranteed on either side. To be absolutely sure of this you are going to have to do the maths and triple-check that your calculations are correct.Ā
š§āš« Use the right bonuses
Make sure that bonus offers you are using, whether it be
free bets at a no deposit sportsbook
or something else, are applicable to what youāre trying to do.
Read the small print carefully, and if matched betting is strictly prohibited by either of the bookies you are using, abort the mission and donāt bother. If you get caught, you could lose your full outlay and get banned from both sites.
As I said before, nothing in the world of sports betting is risk free. Regardless of how well-planned your matched bet is, only use a small stake.
š Consider a betting exchange
One of the biggest barriers to matched betting is the profit that fixed odds sportsbooks use to guarantee their profits. Besides bonuses, another way to work around this is to place one of your bets on a betting exchange instead.
š¬ A step-by-step matched betting guide
If you do want to give matched betting a go, I strongly advise that you do your homework and approach with caution. To simplify the whole process, I have put together an easy step-by-step guide in the table below:
| Step one: | Sign up to at least two sportsbooks |
| Step two: | Claim the welcome offers |
| Step three: | Choose a fixture to bet on |
| Step four: | Do your calculations based on the odds of both outcomes, your outlay and bonus bet usage |
| Step five: | Place your back bet first |
| Step six: | Place your main bet second |
| Step seven: | Watch the game |
| Step eight: | Get your payout from whatever outcome wins |
š§āāļø Matched betting Ireland – Conclusion
The main thing to take away from this article is that matched betting requires some experience and decent mathematical knowledge to pull off. Itās not something I would recommend for beginners and should never be viewed as a risk-free betting strategy (because no such thing exists). If you do feel ready to give it a shot, remember to read the T&Cs of both betting sites first and to make sure and use a free bet for at least one outcome.
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ā Matched betting Ireland FAQ
š What is matched betting?
Matched betting is basically the practice of using promotions and bonus offers on betting sites to cover all possible outcomes of a match. If done correctly you can ensure profits, break even or mitigate your potential losses.
š° How profitable is matched betting?
The profitability of matched betting varies depending on the bonuses you are using and the market/odds you are covering. Generally, you can expect around 50-80% of the free bet value as a potential profit. However, you should also be aware that there is still the possibility of a small loss.
šØ Is matched betting legal?
Yes, matched betting is legal in most countries but itās an unregulated practice. Moreover, the bookies donāt like it and will often explicitly prohibit it in their terms and conditions. Thatās why I strongly advise reading the small print first.
š Is matched betting guaranteed profit?
No, there is always the risk of at least a small loss and no profit is guaranteed. On a wider point, there is absolutely no way to guarantee a profit from online sports betting or any gambling practice.
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