Over the last 2 years, many successful matched betters have asked me if there’s anything else quite like it. The simple answer is no, but let me elaborate and explain why.
The biggest “similar” method I see matched betting folk dip into is “arb hunting”, another way to lock in profit by placing two separate bets. Whilst on the surface this sounds very similar to matched betting, the matches that you pick are not, and will often and lead to your betting accounts rapidly being stake restricted, or banned completely from placing bets.
The problem is that bookies know what matches have become arb bets. They might not prevent you from locking in profit there and then but they will know exactly what you were doing with your account.
And this is amplified greatly by following any sort of “system” or subscription service.
Some dismiss this as unlikely and shrug it off, but ask yourself, if you could pay (approx) £20 a month for arb bets delivered to your inbox, then why would someone with a multi-million-pound betting company not do the same to protect their investment?
These systems are making it even easier for bookmakers to spot arbers and arb betters. It’s probably even saving them money somewhere!
Aside from having your accounts restricted, there’s the other issue of just how much bankroll you need to secure decent profit. The gaps in arb betting odds are small, so you usually find that you need to be laying down £800 across both sides just to make £20 profit.
Another popular one is sports trading using betting exchanges like Betfair to place lay bets only. Whilst your bookmaker accounts are completely safe, make no mistake, this is gambling.
There are many methods to sports trading, but none are risk-free. A common example is laying a draw on football matches. You then proceed to cash out for profit as soon as a goal is scored.
There are two problems with this. First, you’re gambling on a goal being scored. Secondly, you need to be there to do this in-play. That’s the general problem with any sports trading methods I’ve come across, you gamble on something happening or not happening, and then you’re there ready to cash out at a certain point.
Generally, you make your decision on the first part based on stats or following tips from other traders. Again, usually through a subscription service. The second part is then based on your judgment and decisiveness. Something that varies person to person.
I found that if you’re someone with a “lock-in profit” mindset, Sports trading can be a disappointing experience. The courses I’ve come across all offer a ‘loss recovery strategy’, and that in itself is a huge part of why I don’t recommend Sports Trading in general.
If you like to run things like a business, you may find that sports trading doesn’t fit in with that naturally.
However, if you take Sports Trading like a football fan, it can be a much more exciting experience, but then again, that’s just like normal sports betting. But from my experience, that seems to be the sort of matched betters that also partake in Sports Trading, the people who would be watching the football anyway, or even having the odd punt.
As such there’s nothing wrong with sports trading, so long as you know what you’re getting into and the reality of it. That’s a concept that’s often lost amongst the affiliate links and the hundreds of subscription services that promote it as the next best thing to Matched Betting.
It might be the next best thing to matched betting for some people for reasons stated above, but it’s not risk-free, it’s not without its choices, and it’s not without its losses. Those are the factors that make matched betting appealing for those with an entrepreneurial mind above all, and they are missing from Sports Trading.
Overall, if you want to keep your betting accounts for matched betting, then avoid using them in any other new type of system or subscription service.
New methods that pop up are risky simply because they are new. The first bunch of people who try the loopholes and new ways of securing profit are either unlucky guinea pigs or they cash in big, but there’s no way to know until you’ve seen it for yourself most of the time. That’s just the way it goes.
As always, educate yourself by reading up on anything you’re pitched for. Read the good, read the bad, ask questions and draw your own conclusions.