A Complete Beginner's Guide To Matched Betting for Irish Players 2025

How To Get Started With Matched Betting

Ready to get started with some matched betting? Check out our guide to help you set up your new betting account.

1. Sign up: Pick a betting site, head to the homepage and hit the “Sign Up” or “Register” button. There’ll be a few details to fill out, like your details like email, date of birth, and address.

2. Verify your account: Head into your email inbox and hit the link sent out to you from the bookie to confirm your email address. You might also have to confirm your phone number via SMS.

3. Check the bonuses: Free bets and matched deposits are key to matched betting, so make sure to go to the promotions page of the site and find out what you can get when you sign up. Read the terms and conditions to know how to qualify for them.

4. Deposit some money: Now that you’re verified, you can go to the cashier, choose a payment method and an amount, then follow the instructions on the screen to complete the payment. Make sure to check if there are any minimum (or maximum) deposit requirements.

5. Explore your betting options: Go over to the sportsbook and check out the different sports and event market options you can bet on. This will help you to get an idea as to what you can bet on for your matched bets.

6. Place your bets: Find some even odds so that you can place your qualifying bet and your lay bet. Then, click on the odds and enter the same amount for each of those bets with a view for them to cancel each other out. 

7. Use free bets: If you've got free bets from bonuses, use them wisely! Make sure to check out the terms and conditions for these before you use them.

8. Cash out your winnings: Once your bets have settled and you’ve played through any wagering requirements for your free bets, you can decide whether to cash out your profit or to keep playing.

Key Strategies for Matched Betting

It’s always important to make sure that you know everything there is to know about matched betting before you get started so that you can get the best out of it when it’s time. Here’s a look at some of the tactics bettors employ at online bookies:

Back and Lay Betting

This is the most classic way of matched betting that we described earlier in this article. It involves placing bets both for and against a particular outcome, so you’ll effectively be covering all potential scenarios in order to lock in a profit.

Arbitrage Betting

Arbitrage betting capitalises on discrepancies in odds across different bookmakers, and this can enable bettors to place bets on all possible outcomes of an event to secure a profit regardless of the result. It’s tricky and opportunistic but it has been known to work.

Trading

Trading in matched betting involves buying and selling bets to maximise profits as odds fluctuate before an event begins. We’ll talk about that a little more in the Betfair Exchange section of this article later on.

Hedging

Hedging is a risk management strategy where bettors place additional bets to offset potential losses. It’s similar to traditional matched betting but a little more mathematical.

Matched Betting

This is just the overall term we use to describe the process we’ve been discussing in this guide. The most conventional form of matched betting starts with back and lay betting.

Scalping

Scalping entails quickly exploiting small price differentials to secure immediate profits, often achieved through rapid betting and trading.

Statistical Analysis

Here, you’ll be utilising statistical models and data analysis to make the best betting decisions. Get this right, and you could maximise your chances of good betting wins.

Bankroll Management

Effective bankroll management is absolutely key for long-term success. Always make sure that you set a budget for every online betting experience that you go into, and never spend more than you can afford to lose.

Is Matched Betting No Risk?

Matched betting is often described as a ‘get rich quick’ scheme, and while it might not be as simple as that, there’s something to be said about the reliability of the income. If you get it right, matched betting can be a great tool to get the best out of your online betting experience. However, small mistakes can be costly, and terms and conditions for bonuses can make using free bets awkward, so make sure to research things thoroughly before you begin. It’s also important to think about the legal side of things. While matched betting is legal in many places, laws and rules can change. Always be sure to keep an eye on any changes that might affect whether you can keep doing matched betting.

Useful Tools and Resources For Matched Betting

Matched betting can seem tricky at first glance, but there are tools out there that can help to simplify things. Here are a few to look out for:

1. Odds Matching Software

This software does the matched betting hard work for you by scanning different betting sites to find the best matches and calculate the most profitable bets. It's like having your own personal betting assistant!

2. Bet Calculators

Bet calculators take the guesswork out of how much to bet. They crunch the numbers for you, so you know exactly how much to stake to guarantee a profit. There’s really no need to stress about getting the maths right with these around.

3. Bankroll Management

Keeping track of your money is super important in matched betting. These tools help you manage your funds wisely, so you always have enough to cover your bets and expenses.

4. Matched Betting Forums and Communities

Get support and advice from fellow matched bettors in these online communities. Share tips, ask questions, and learn from others' experiences. This can help you find the right markets and to stay in control of your gambling habits.

5. Educational Resources

Whether you're new to matched betting or looking to up your game, these resources have got you covered. Find tutorials, guides, and articles to help you understand the basics and master advanced strategies.

6. Tracker Spreadsheets

Keep tabs on your bets and profits with these handy spreadsheets. They help you analyse your results, spot trends, and make smart decisions about your betting strategy.

How Much Money Can You Earn From Matched Betting?

Your earnings from matched betting depend on factors like time, effort, quality of offers, and your initial investment. If you're just starting, you can expect to earn between €500 and €1000 per month with little risk, provided you invest a decent amount upfront. As you get better at finding the best odds and offers, you could earn more, though it may involve a bit more risk.

Experienced matched bettors can make over €2,000 per month, but that requires more time and practice to master the strategy. Overall, matched betting can be a profitable side hustle but is unlikely to replace a full-time income for most people.

Our Verdict On Matched Betting

With the information in this guide, you’ll have everything you need to get started with matched betting. We’ve shown you the pros and cons of it to set your expectations and give you a handy guide on how to get started. But the most important piece of advice we can give is to take it slowly. Make sure you understand exactly what you’re doing before you spend any money so that you don’t run the risk of losing anything. The tools we’ve detailed in this article should go some way to helping you do that, but you’ll need to stay switched on to guarantee a profit when matched betting.