Our matched betting site reviews page explains which of the Premium sites are the best to sign up to, in order to have access to all of the matched betting friendly offers that are listed by bookmakers. By this, we mean offers that can be turned into a profit using matched betting techniques. The best of these offers are of course those that we can guarantee a win from, such as the sign up offers where you simply bet a certain amount to get a free bet or a bonus. Other types of matched betting friendly offers include potential profit, which will not give you a win on every play through, but the odds suggest that over time you will win more than the cost of the qualifying losses.
One point to consider when matched betting is which are the best bookmakers for offering promotions that we are able to turn into cash? Lets take a look at the bookies that are the most generous with their offers…
Coral
Coral have been one of the leading bookmakers in the UK since they were first established way back in 1926. They have been known for their chain of high street stores and are now replicating that success with an online sportsbook. Their website is extremely easy to use, with a positive lay out and colour scheme. With betting opportunities on over 20 sports, there really is something for everyone. Their welcome offer is excellent, and they constantly come up trumps when it comes to offering good promotions on big sporting events.
Welcome Offer
When you first sign up for an account with Coral, they will give you £20 in free bets when you deposit and bet £5. This is an extremely easy offer to claim, as all you need to do is place a back bet of £5 on a selection to win and then a lay bet on a betting exchange for the same selection not to win. The amount that you will need to lay is worked out for you by a matched betting calculator. Access to a calculator is one of the reasons we actively encourage you to sign up for a premium matched betting site such as OddsMonkey or Matched Bets.
After the qualifying step has been done, you will then receive £20 in free bets, which will be awarded to you as four £5 free bet tokens. You can then use the free bets to place four more back bets, while placing a lay bet against each of them. This way, we can guarantee a profit as the calculator will again work out the ideal lay stake. You can expect to come out with around £16 in profit from the Coral Welcome Offer, for very little effort on your part.
Bet & Get Club
When the sign up offer is done, you can then get a £5 free bet each week thanks to Coral’s Bet & Get Club. Simply place £25 worth of bets every week between Monday and Thursday at odds of 2.0 or bigger and you will be credited with a £5 free bet each week. This is a great offer, as it allows us to keep our matched betting profits rolling in every week of the year no matter what other offers are listed. If you also sign up to be a member of Coral Connect, the bookmaker’s special loyalty scheme, you can receive an extra £5 free bet each week on top of the online free bet. When completing this each week, you should look to try and limit qualifying losses to £1 in order to come out with a worthwhile profit.
Using the matched betting calculator to help you, select the normal feature for your qualifying back bet using real cash funds. As with the welcome offer, the calculator will work out the lay stake you will need to place on the exchange. When you have been given the free bet each Friday, repeat the back and lay process, this time using the free bet stake with Coral. Offers such as this can be made easier with an automatic odds matcher, available from the top premium matched betting sites. The reason these are helpful are due to the fact that they automatically find the best matches for you, in order to minimise losses and maximise profits. When complete, you should be able to make roughly £3.50 from this offer every week.
Free Bet On Loss
This is an offer that is not always available, but they do like to offer it for big sporting events, in particular football matches that are going to get a lot of interest. For example, on an international football weekend, this was offered on Malta v England and Lithuania v Scotland. All you need to do for this offer is to place an in-play bet of £10 on the selected games and get your stake returned as a free bet if it loses. Here, you will be using a ‘Free Bet on Loss’ selection on the matched betting calculator. Make sure to place your lay bet, and look for a selection of around 5.0 or more.
If this first bet wins, you will have made your profit at the exchange. If the bet loses, you will be credited with the £10 free bet, which as we know from the explanation of the other offers can be turned into cash. We can look to profit around £5.50 each time this offer is listed.
Coral also offer a number of other promotions that we can make money from when matched betting, including:
- Best Price Guaranteed on all UK and Irish Horse Racing
- Money back if your horse is 2nd by a length or less
- Extra Places on Each Way bets for selected races
Bet365
Bet365 are one of the most well known bookmakers around the world, and one of the most used by UK customers. The online sportsbook was first launched in 2000, and they are loved by matched bettors due to the excellent offers they list on a consistent basis.
Welcome Offer
The most lucrative welcome offer around when matched betting, this can be turned into around £160 in guaranteed profit. You will need a bank of almost £1500 to complete the offer without any risk, but as long as you have enough to cover your bets, you will ensure a great profit here. The offer itself is essentially deposit £200 and receive a £200 bonus. It is important to note that you must enter a promotional code within 7 days of making your deposit. There are wagering requirements of 3 times the deposit and bonus amount combined (£1200) before you will be able to withdraw.
You first need to place a qualifying bet, looking to have losses of less than £5 after also placing your lay bet. If the first bet loses, you will have the £200 bonus which you will then look to lose in as few bets as possible. If the qualifier loses, you will need to place at least one more bet. Once you have either lost the bonus or completed the wagering, you will come out with the profit of around £160.
ITV Racing 4/1 Offer
A reload offer that is available for any race that is broadcast live on ITV, the bookie will give you a risk free bet up to the same stake if you back a winner at 5.0 or greater. The maximum free bet amount is £50, and must be used on the next televised race. The offer is also available on some feature races on non televised days. There are a few strategies for this, including the Standard Matched Betting Strategy, a Risk Free Strategy and a Guaranteed Profit Strategy.
Standard Matched Betting Strategy
- Look for as close a selection as possible
- Place a back bet at odds of 5.0 or over and your subsequent lay bet
- Make a qualifying loss of less than £2
- If the horse loses, you profit on the exchange
- If the horse wins, you make a small qualifying loss but have the £50 risk free bet
Risk Free Strategy
- Chance of winning the free bet with no qualifying loss
- Choose ‘Overlay’ on a matched betting calculator
- Place £50 back bet and appropriate lay stake
- If the horse loses, it will have cost nothing
- If the horse wins, you will make a qualifying loss but will have the £50 free bet
Guaranteed Profit Strategy
- Only suitable for very close matches
- Worth between £2.50 and £8.0
- Use Free Bet on Win calculator option
- Place back and lay bet
- If the horse loses, you will profit on the exchange
- If the horse wins, you’ll make a small loss but will have the free bet to guarantee a profit
As well as these offers, Bet365 also list the following offers either on a consistent basis or for big sporting events:
- Best Odds Guaranteed on all horse and Greyhound racing
- Back a Greyhound winner at 2/1 or more and get a free bet
- Football refund for selected markets up to £50 in cash if a game ends 0-0
Other bookmakers that offer good reload offers include the likes of Ladbrokes, William Hill and Paddy Power. One thing is for sure, there is always plenty of money to be made through matched betting and at the current rate, bookmakers are likely to keep increasing the number of promotions they list which is fantastic news for all of us matched bettors.