Written by:
Damjan Jugovic Spajic
Fact checked by:
Alex Windsor
Updated:
April 22, 2024

Best Matched Betting Sites USA

Best Matched Betting Sites

Bonus bets and other sports betting promotions are a good way to enhance your bankroll and create extra winning opportunities. Now, what if I told you you could use sportsbook bonuses not just to increase your shot at a profit but to make it a certainty? This is where matched betting sites comes into play.

By combining bonus bets with betting exchanges, you can legally build scenarios that guarantee profit. After scouring the web in search of the best sportsbooks for matched betting, I found several platforms worth considering and included them in the list below.

This page can also serve as a boot camp for those unfamiliar or new to this phenomenon. I’ll try to explain how matched betting works and give some advice on picking the best matched betting strategy for you.

What Is Matched Betting?

Matched betting is a strategy that leverages sports betting promotions so that you end up with a guaranteed profit. The goal is to outplay the bookies by triggering a welcome bonus and covering all possible scenarios of a given sporting event so that you win no matter the outcome.

Step one is to place a back bet on a sportsbook platform and then lay another bet on a betting exchange platform. So, regardless of what happens, you will lose one wager and win the other. But how do you make a profit then?

The trick is to find an online sportsbook where backing a bet triggers a free/bonus bet promotion. Once you get the bonus bet, you repeat the process — only this time, you use the free bet credits to back a bet on the sportsbook while still using your own money to stake a lay bet on the betting exchange.

If your back bet falls through, you technically don’t lose any cash since you used a free bet, and you win money on your lay bet. Alternatively, if you lose the lay bet, it will be covered with the return coming from the free back bet. Either way, you can only profit from the situation.

Terms to Know in Matched Betting

In matched betting, back and lay bets are two key concepts used to lock in a profit by taking advantage of free bets and promotions offered by bookmakers. Using matched betting strategies, you can earn money regardless of the outcome of an event. However, there are strategies for matched betting without free bets as well. Here’s what each term means:

Back Bet

Back bets are those you place at traditional bookmakers. For example, you’re betting on the outcome of a football match, where New York Giants are predicted to win. You are basically “backing” the outcome when you make a back bet. If the outcome you’ve bet on happens, you win the bet, and if it doesn’t, you lose it, along with the stake. A back bet is typically made in order to qualify for a free bet or promotion.

Lay Bet

On the other hand, a lay bet is the opposite of a back bet. In contrast to betting on a particular outcome, you’re betting against it. Lay bets are used to “cover” your back bets, guaranteeing that you win money regardless of the outcome. With this strategy, the initial back bet is effectively eliminated.

Examples of Matched Betting USA

If you still can’t wrap your head around how matched betting works, I’ll try to illustrate it with a simple example:

Can You Make Money With Sportsbook Promos?

Bonus bets are not the only sportsbook promos that can create matched betting opportunities. The system can also work with different promotions, like deposit match bonuses, second-chance bets, odds and profit boosts, cashbacks, referral bonuses, and more.

Also, I must emphasize that matched betting is not gambling, even though you’ll be placing real money bets. The whole point of this strategy is to remove the element of chance while creating a no-risk situation.

Top Matched Betting Sites in the US

💵Matched Betting Sportsbook🎁Welcome Offer
bet365Bet $1, get $200 in bonus bets
FanDuel$1,000 No Sweat First Bet
BetMGMGet $1,500 in bonus bets if your first bet loses
Caesars Sportsbook$1,000 first bet
BorgataBet $20, get $100 in bonus bets

To start matched betting, you first must find an online sportsbook that offers a decent welcome bonus to new customers. Below are a few betting sites that have sweet deals for first-timers, which will give you the flexibility you need to create an ideal matched betting opportunity.

DraftKings Sportsbook

4.8/5
  • Minimum deposit $5
  • Sleek and easy-to-use user interface
  • Plethora of betting options
  • Range of regular promotions
  • Limited withdrawal options
  • Needs a better rewards system
Bet $5, Get $150 In Bonus Bets
Play Now

FanDuel Sportsbook

4.7/5
  • Minimum deposit $10
  • Vast coverage of sporting markets
  • Supports ewallets & traditional payment methods
  • Promotions are kept exciting
  • App layout is a bit cramped
  • No NFL live streaming
Bet $5, Get $200 In Bonus Bets
Play Now

BetMGM Sportsbook

4.6/5
  • Minimum deposit $10
  • Plenty of payment methods available
  • Well-designed Android & iOS app
  • In-Game wagering
  • Football live streaming is not available
  • Customer service contact has to go through FAQs
Up To $1,500 in Bonus Bets
Play Now

bet365 Sportsbook

4.5/5
  • Minimum deposit $10
  • Huge welcome free bet
  • Big sport market coverage
  • Easy and fast banking options
  • Few promos for existing players
Bet $1 receive $365
Play Now

Caesars Sportsbook

4.4/5
  • Minimum deposit $10
  • Reliable and user-friendly app
  • Most lucrative first bet promotion in the market
  • Huge market depth and coverage
  • Best rewards program in the industry
  • Experience can vary per state
  • Frequently changing its features
$1,000 First Bet on Caesars
Play Now

1.🥇bet365

bet365 is a world-renowned bookmaker with over two decades of experience. It first launched in New Jersey before going online in Colorado, Virginia, Ohio, Kentucky, and Iowa.

If you’re in one of these states, you can take advantage of bet365’s welcome deal. Namely, you’ll get $200 worth of bonus bets after you’ve placed a $1 wager. This will give you more than enough funds to make the most of your matched betting strategy.

As for the platform itself, you can expect competitive pricing on the most popular markets, along with a lineup of daily odds and profit boosts. The operator provides one of the best live betting experiences through detailed matched trackers and plenty of events that are available for live streaming. A well-designed mobile app and useful features like early cashout contribute to the appeal of bet365 as your go-to matched betting site.

bet365 Sportsbook

4.5/5
  • Minimum deposit $10
  • Huge welcome free bet
  • Big sport market coverage
  • Easy and fast banking options
  • Few promos for existing players
Bet $1 receive $365
Play Now

2.🥈FanDuel

Placing a first wager of up to $1,000 on FanDuel will come at absolutely no risk, as losing that bet will result in a complete refund. Say you lose your $50 back bet and win a $50 lay bet. You will be all evened out, but will still gain a $50 bonus bet at FanDuel.

FanDuel provides much more to its customers aside from a good matched betting setup. You can enjoy arguably the best mobile betting app in the industry, bet on a variety of live props and micro bets, and take advantage of exciting daily odds boosts, among other things. FD specializes in parlay betting, enabling you to find a ton of SGP and SGP+ options through its brand-new Parlay Hub area.

FanDuel Sportsbook

4.7/5
  • Minimum deposit $10
  • Vast coverage of sporting markets
  • Supports ewallets & traditional payment methods
  • Promotions are kept exciting
  • App layout is a bit cramped
  • No NFL live streaming
Bet $5, Get $200 In Bonus Bets
Play Now

3.🥉BetMGM

If you lose your first bet at BetMGM, you will receive the money back in the form of bonus bets. While they are not the only sportsbook with a welcome bonus of this type, it is the biggest first-bet insurance promo on the market. Namely, your first wager on BetMGM is protected up to $1,500, much more than what you’ll find on any other top-level betting site at the moment.

BetMGM is also known for its robust loyalty program through which you can earn additional bonuses. It features a highly praised mobile app, plenty of daily odds and profit boosts, a great selection of events available for live streaming, and competitive pool challenges. It’s also great for making parlays thanks to its Easy Parlay function, while the Edit My Bet feature allows you to edit previously submitted wagers with ease.

BetMGM Sportsbook

4.6/5
  • Minimum deposit $10
  • Plenty of payment methods available
  • Well-designed Android & iOS app
  • In-Game wagering
  • Football live streaming is not available
  • Customer service contact has to go through FAQs
Up To $1,500 in Bonus Bets
Play Now

Is Matched Betting a Lucrative Strategy?

The world of online betting is quite turbulent, to say the least. Unfortunately, most bettors end up losing substantial sums, thus contributing to the bookmakers’ considerable profits, while a rare few hit it big. Such cases allow these bookmakers to offer enticing incentives to bettors.

Fortunately, the brains behind the strategy decided to share it with fellow bettors. But, unfortunately for him, he got the after having suffered significant losses to bookmakers and wanted to recover his hard-earned money.

Although matched betting is a more popular strategy among UK bettors, it has now ventured into the USA, where it’s rapidly gaining popularity. Thanks to PASPA, matched betting now presents an opportune moment for every bettor to leverage this strategy for profiting from these bookmakers.

Arbitrage Betting vs. Matched Betting

Arbitrage betting and matched betting are two distinct strategies employed by bettors to secure a profit in the world of sports betting. Yet, some may confuse the two, as arbitrage betting shows a strategy for locking in profits by betting on one game. Here’s a comparison of these two strategies for clearer purposes:

Arbitrage Betting

Matched Betting

How to Find the Best Matched Betting Site?

The most important thing to consider when picking a sportsbook for matched betting is how often it gives out free bets and other promotions that you can turn into matched betting opportunities. It’s always a good sign if a sportsbook features reload offers that you can keep exploiting.

Of course, you can also examine the site outside of the matched betting perspective. If you plan on engaging in regular sports betting on the platform, you should look into odds, market depth, user experience, and banking.

Also, keep in mind that picking a sportsbook is just the first step. You’ll need to find a viable betting exchange, too.

Tips & Tricks for Matched Betting

TeamProfit Example

Do You Need to Pay for Matched Betting Services?

There are matched betting services that you can use to find the right opportunities more quickly. These platforms promise to do a lot of the legwork for you, and they’re actually pretty good at it.

The problem is that you need to pay for a subscription to unlock all of those useful tools for finding quality matched betting scenarios. Some platforms offer free trials, of course, but these don’t last very long and have limited access.

Whether you pay for a matched betting service or not is ultimately up to you. Doing things all by yourself is harder and more time-consuming, but it might prove cheaper in the long run.

Pros & Cons of Matched Betting

✅Pros❌Cons
No-risk way to make money bettingHigher profit requires higher bets and the use of paid matched betting platforms
Relatively simple to learnFewer opportunities once you run out of new customer bonus bets
Not very time consumingA mistake can leave you exposed to risk

Final Thoughts

If matched betting guarantees profit to anyone who utilizes it correctly, you might wonder why more people don’t take advantage of this strategy. Most likely, it’s because many think of matched betting as too complex for them or are convinced that it’s all too good to be true.

However, matched betting actually works, and it’s pretty simple once you figure it out. If you still don’t believe us, try it. Join one of our recommended US sportsbooks that feature hefty welcome deals, find a suitable betting exchange that will let you make a lay bet, and follow our instructions to create a foolproof matched betting scenario.

FAQs

  • Where can I find matched bets?

    You can find matched betting opportunities by browsing online sportsbooks and betting exchanges. Just confirm that the sportsbooks you’ve selected have good enough bonuses and that the odds you find at betting exchanges ensure you come on top regardless of the outcome. 

  • Can you make $1,000 with matched betting?
    There's no limit to how much money you can make with match betting. The more matched betting opportunities you find, the easier and quicker it will be for you to make money.
  • Can you actually make money from matched betting?
    The whole point of matched betting is to lock in a profit. If you do it right, there will be no risk involved, and you'll win money no matter what.
  • Can you lose matched betting?

    There’s always a possibility of miscalculating your matched betting configuration and losing money. That’s why you should rely on calculators and other matched betting tools to figure out how much you need to stake at both the sportsbook and betting exchange in order to come out on top.

AUTHOR
Damjan Jugovic Spajic

A soccer and eSports fan who always roots for the worst possible teams, Damjan is a resident writer and contributor at Minimum Deposit Betting Sites. With over 5 years of experience in the online casino and sports betting industry, he largely focuses on writing reviews and testing out bookmaker transaction processes.