Bonustrading and matched betting:
Apart from surebetting there are two other ways of taking advantage of sports betting and the wide selection of bookmakers, these are bonustrading and matched betting. These methods allows you to always profit from the various sports bonuses and risk-free bets that the bookmakers offers. One could say that they are related to surebetting in the same way that surebetting is related to sports betting, the general principle is the same as you are looking to take advantage of the ability to choose between different bookmakers and in doing so you can exploit their promotions in order to make risk-free money on the internet.
As both of these methods rely on promotions they aren´t as consistent as surebetting, however take a look at our sports bonuses and you´ll see that there are plenty of sports bonuses and risk-free bets to make a profit from. Furthermore bookmakers offer new promotions reguraly to their depositing players so dont worry if you´re starting to run out of bonuses to profit from.
Using a betting exchange:
Both bonustrading and matched betting relies on the ability to match your selections at a sports betting exchange. A sports betting exchange allows you to make a lay bet, I.E if Barcelona faces Real Madrid a normal bet on Barcelona would mean that you win if Barcelona wins, a lay bet means that you win if Barcelona looses (regardless of if the outcome is a draw or if Real Madrid wins).
When bonustrading you would take a sports bonus from a bookmaker and then find a selection that you think is suitable for trading. Let´s say that you´ve taken a 100% sports bonus at Betsson. Now you would need to find a selection where the odds on one outcome is close to the lay bet odds or booked odds at the betting exchange, one of the most common sports betting exchanges for doing this is Betfair.
Lets combine our examples with Barcelona and Betsson and lets assume that you took the full 100% bonus up to 25€ at Betsson. In that example you would need to bet 50€ (the full bankroll on Betsson) on Barcelona and then make a lay bet on Real Madrid over at Betfair matching both the stake and the odds. If you win at Betfair then you´ve succesfully traded over your bonus to your Betfair account and made a 25€ profit (minus the comission for the bets, usually around 5%). If you win at Betsson then you just repeat this process over and over untill you´ve either wagered the bonus or untill you trade over your bankroll to the betting exchange.
- Every bet means that you lose some value of your bonus to the bookmaker´s and betting exchange´s comission. As such you want to lose at the bookmaker and win at the betting exchange on your first trade.
- Both bonustrading and matched betting can be done without a betting exchange but you will lose additional value of your promotions. Note: If you do decide to this then make sure that the bookmakers aren´t sister companies, usually the bookmakers will advertise what group (if any) they belong to in their footer.
- It´s good to start with some of the lower value bonuses to get a grasp of how bonustrading is done and then when you´ve established a grip of the process and have a good bankroll move up to the bigger bonuses.
- Always take full advantage of a bonus by maximizing the bonus limit. The bigger the bonus is, the bigger the profit is.
- Consider using a netwallet in order to avoid further loss of your profits due to banking fees.
- Check out the viking´s bonus list to maximize your profits with the best sports bonuses available. We offer over 60+ sports bonuses and promotions to get you started.
- Finding matched bets is the hard part, simply have the sports book of the bookmaker where you took your bonus open with the a list of todays games, minimize the window and do the same with Betfair. Now start looking for a game where the odds of the lay bet is as close to your bookmaker bet as possible.
Matched betting works in exactly the same way as bonustrading except the fact that you don’t trade value over to the betting exchange on the first trade, instead you´re chasing value in risk-free bet and free bet offers. Typically a bookmaker will offer you these kind of promotions after you´ve placed a succesfull bet on a selection. You take advantage of this by making a lay bet at your betting exchange of choice and as such you will only lose a small percentage of your stake to comissions and gain a +EV free bet or a risk-free bet which you can profit from using the same strategy as when you trade bonuses.
Now that you know how to get these +EV promotions for a small stake lets look at how you can profit from them. Taking advantage of a free bet is easiest and as such we will start with that one. Lets use William Hill´s welcome offer for this example, after making your first 10€ bet in their sportsbook you will earn 2 x 10€ free bets. Now after the first step where you trade over the intial 10€ bet to your betting exchange you´ve spent 2€ for these free bets (10€ at the exchange and 10€ at William Hill -5% comission for both bets). At this stage we can wager the free bets using bonustrading and come out ahead. As you´ve probably figured out already matched betting to get free bets gets you smaller profit than just trading percentage bonuses but it allows you to take full advantage of every sports betting promotion available.
Lets set our sight towards the risk-free bets, these are the worst promotions to trade in terms of actual value and they´re also the hardest ones to trade. There are two different kinds of risk-free bets, the ones that you have to earn by placing a wager (see step one on how to get these ones with a small investment) and the ones that you get straight up. The bookmakers also have different rules for their risk-free bets, some have a wagering requirment on your losses, some have a wagering requirment on your winnings and some have no wagering requirment at all.
The best ones for trading are as you migh´ve guessed the ones without a wagering requirment as you will only need to trade them once. For example: You´ve earned a risk-free bet of 200€ by trading a selection between Pinnaclesports and Betfair. At this stage you would´ve spent 200€ + 200€ and lost 40€ in comission in order to get the risk-free bet. What you can do now is trade the risk-free bet with bonustrading. There is one difference to normal bonustrading as the value here lies in the fact that you get your stake (200€) back if you lose at Pinnacle which means that if you make a lay bet for 200€ then you get the winnings from the lay bet and your 200€ stake at Pinnacle back, but if you win at Pinnacle then you lose a small percentage of your stake due to comissions.
If you want you could try your luck to win at the exchange and get your stake back but if you want guaranteed profit from your trading work and the promotion then you need to alter your stake at the betting exchange to factor in your intial investment and a profit margin. For this example our intial investment was 40€ and our risk-free bet was 200€. What we can do now is “steal some value” from the risk-free bet and make a laybet for 100€. Lets look at the potential outcomes: