How to do Matched Betting & Cash Out Bookie Bonuses

How to do Matched Betting

Matched betting is a low risk method of making a guaranteed profit from the free bets and bonuses offered by many online bookmakers.

The strategy has been around for many years now but it is still going strong with new bookies opening all the time. It is a very competitive market so they often come up with various incentives to make their site more appealing and attract new customers.

It may sound too good to be true, but it is completely legit and an easy way to make some extra cash.

How does Matched Betting Work?

The process involves placing back bets at the bookies and lay bets at a betting exchange such as Betfair or Smarkets. In a nutshell, a back bet is where you are betting on something to happen and a lay bet is where you are betting against it.

So let’s say for example, a bookie has a sign up bonus offer – “Bet £25, get a £25 free bet!”

After signing up with the bookie and depositing £25, you would then need to place a qualifying bet and lay bet on the same selection, to make sure you lose very little or nothing regardless of the result.

For example, you’ve placed your back bet on West Brom and also a lay bet on West Brom at the exchange, so whether they win or lose the match doesn’t matter. You will usually be left with a small qualifying loss after taking the exchange commission into account.

Once your £25 free bet is credited, you repeat the process of backing and laying except this time you will be extracting your guaranteed profit. You can usually lock in approximately 80% of the value of the free bet each time, depending whether the free bet is stake returned or not and after subtracting your qualifying loss.

For a £25 free bet offer, that works out as around £20 risk free profit each time. Some bookies offer larger bonuses of £100+, so these profits can quickly mount up.

How Much Money can you Make from Matched Betting?

There are literally hundreds of these free bet offers around so the more time you put in, the more money you can make.

Once you have exhausted all the sign up bonuses, there are often reload bonuses where the bookie will offer you yet another free bet. This is quite common if your back bet lost the first time around – the bookies want you to get back on the horse (so to speak) and deposit more money.

It is not uncommon for people to make £1000+ a month taking advantage of bonus offers.

You may be wondering, if it is that easy, why isn’t everyone doing it? Well there are a lot of people that shy away from betting, unless it is a 50p each way on the Grand National.

Also, some people may take one look and think “Sounds too complicated to me!”. But those who have taken that initial big step and took the time to learn how it all works have not looked back.

We know of a really easy way to kickstart your matched betting...

Matched Betting Services

Matched betting services do all the hard work for you.

They are designed to get through most of the main bookie sign up bonuses on offer with much less effort, so every back and lay bet that you need to place is explained in simple terms that anyone can follow.

If you follow the advice, you WILL make a guaranteed profit.

For example, we trialled Bonus Bagging and made £341.41 from just 16 bookie bonuses, so imagine how quickly the profits add up over a longer period of time.

Once the sign up bonuses are done, there are plenty of reloads to take advantage of too. It really is the easiest money you will ever make from a bookie.

Here's a selection of matched betting services that we have reviewed:

OddsMonkey Review: Easily the Best Matched Betting Service
We have reviewed a number of matched betting services, but OddsMonkey is easily the best. It's easy to use, great value for money and there's even a FREE trial!
Bonus Bagging Review: Easy & Risk-Free Matched Betting
During our Bonus Bagging review, we tested Mike Cruickshank's matched betting service. It shows you exactly how to make risk-free profits from bookie bonuses - it even finds them for you! We completed 16 bookie sign up offers and made £341.41 profit in just one month!
Profit Maximiser Review: Low-Risk Matched Betting
Profit Maximiser shows you how to profit from sports/casino/bingo promotions. During our review, we banked £391.12 profit and it really couldn't have been any easier!
Accumulator Generator Review: Risk-Free Acca Betting
While reviewing Accumulator Generator, Paul made £601.05 profit in just one month! It's easy to make money from football acca bets if you follow this system.


Whether you are a student looking to make some extra cash, or you work full time and want to supplement your income, or perhaps you are a stay at home parent – matched betting is suitable for people from all walks of life.

As long as you're willing to put a little time into learning the ins and outs, it’s a surefire way to pocket some easy money.


  • Low risk
  • Small starting bank required to get started
  • Tax free earnings
  • Free money!


  • If you are completely new to betting it may take a little longer to get started, but it is worth it for the free money!
  • Bookies may limit or close your account down
  • If you live outside UK/IRE you may be unable to bet at some bookies, or be ineligible for free bets

Other Systems and Services which Passed

L7N Longshots Review: High Odds Betting Tips
We reviewed L7N Longshots each way horse tipping service for three months and with a ROI of 25.3% achieved, we awarded them with a pass rating.
Dobbin Day Review: Horse Racing Trading Software
After finding our feet in the first part of our Dobbin Day review, we managed to make a steady profit in month two and three, finishing with an overall profit of £26.01 to £5.00 stakes or 5.20 points. This works out as a modest 10.4% increase to our £250 starting bank.
Golf Value Tips Review: Golf Betting Tips Service
We almost doubled our betting bank in our Golf Value Tips review with 94.87 points profit banked. This top class golf betting tips service earned an easy pass.
The Dossier Review: Fifteen Profitable Betting Strategies
The Dossier is a collection of fifteen of the most profitable betting strategies and systems that the Bet Chat team have discovered over the years.
The Inside Man Review: Football Betting Tips Service
The Inside Man, or Adam Cheng as he's better known, proved that his experience within the industry has given him an edge against the bookmakers, delivering £646.50 profit at an ROI of 11.8%.
Lulas BTTS Review: Both Teams to Score Football Betting Tips
Lulas BTTS is a football tips service from the Tipstrr platform that produced a vast amount of profit from the Both Teams to Score market during our review.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.