Before starting on your matched betting journey, you are going to need an exchange account. Exchange accounts allow us to Lay our bets (the process that ensures they remain risk free!). Opening a Betfair and a Smarkets account should take no more than 5 minutes to complete and will not cost you a penny!
Step 1 – Opening Your Betfair Account
The first account we are going to open will be Betfair, for all our beginners offers this is the account we will be using since it is the most popular betting exchange and as result, it almost always has the most liquidity in the market, this is important for us because it helps to ensure our bets get fully matched.
All betting exchanges charge a commission on winnings and Betfair start theirs at 5% (although it can decrease over time)
Click Here or click the banner below and sign up to Betfair.
Step 2 – Opening Your Smarkets Account
Smarkets is a great exchange due to it’s low 2% commission and low commission means larger profits! Smarkets is not as popular as Betfair and as a result, it’s markets tend to have less liquidity. We advise moving onto Smarkets when you are a little more confident with matched betting. For now we will open our Smarkets account to ensure we don’t miss out on the free bet they are offering (covered later).
Click Here or click the banner below and sign up to Smarkets.