GUTS Website Provides Matched Betting Opportunity
October 11, 2017
They may not be one of the more famous bookmakers around, but the GUTS website is currently listing a lucrative sign up bonus that can be turned into an expected profit through the art of matched betting.
What Is Matched Betting?
Matched betting is essentially a way of making money from free bets and bonuses that are listed by bookmakers. The way we do this is through covering all outcomes with the help of a betting exchange, such as Betfair or Smarkets. We place a back bet on a selection to win with the bookmaker that is offering the special promotion and a lay bet on the same selection not to win with a betting exchange.
Matched betting is used as an easy way to make an extra income online. Bookies love to list special promotions, particularly to entice new customers to bet on their site. This usually comes in the form of a free bet when you place your first real money bet, such as ‘Bet £10, get £20 in free bets’. With the help of our matched betting calculator, you will be given an ‘ideal lay stake’, which will see you make the same amount whatever happens.
Thus, for the qualifying bet with your own money for you will or less break even. Using the free bet stake, we can turn these offers into an expected profit. The calculator will work out a lower lay stake this time taking into account that we are using a stake not returned free bet.
Members of MatchedBets.com are given everything they need to succeed when matched betting. We list every single offer in an easy to follow, step-by-step guide and we also provide members with special tools such as the Odds Matcher and Bet Tracker. Our experts go to each bookmaker site daily in order to run the rule over any new offers that may be listed.
It is possible to make a good income from matched betting. Once the sign up offers are complete, we also list reload offers and accumulator offers, meaning that money can be made on a consistent basis. One example of a good sign up offer can be found with GUTS bookmakers.
Who Are GUTS Bookmakers?
GUTS are mainly known for their online casino, which has been very successful. In 2017, the company decided to launch a sportsbook to go along with the casino. As with many online bookmakers, their headquarters are located in Malta and the GUTS website can be accessed via a PC or a Mobile platform which makes things a lot easier when you are on the move.
The main focus of the company is to give excellent customer service, provide a number of payment methods and to pay out quickly. Considering the sportsbook is still relatively new at the time of writing, the number of sports and markets that are available is fairly impressive. For example, there are around 40,000 football events to bet on at any given time, from a range of leagues and competitions.
An important thing about any betting website is how easy it is to navigate. Thankfully, the GUTS website has a good layout and is easy to navigate, in addition to a search function which allows us to instantly find the exact market we are looking for, just by typing it in.
Matched Betting With GUTS
As matched bettors though, the most important aspect of the GUTS website is their welcome offer. When you first register for an account with GUTS, their special promotion can allow you to turn your first bet into an expected cash profit. If you sign up with GUTS and place your first bet of £10 or more on a selection with odds of 1.80 or greater, the bookmaker will refund your stake as bonus funds if the bet loses.
This is a very good matched betting offer, which we can turn into an expected profit of around £7.50 when all is said and done. Of course, the first step you will need to take is to head to the GUTS website and register for an account. It is really important that you use all of the correct details here, as if not you may not receive the bonus and your account may be cancelled. You will automatically be eligible for the welcome offer, so simply deposit your first £10 in real cash to get started.
We always advise depositing any funds with a debit card, as credit cards can incur extra charges and other payment methods such as Skrill, Skrill 1-Tap or Neteller will exclude you from this offer. Don’t worry about losing the £10 of your own money, as you will be placing a lay bet to cancel the first back bet out, which covers all outcomes.
Next, you will need to find a good selection to use for your qualifying bet. In order to maximise the expected profit once the offer is done, we advise choosing a selection with back odds of 5.0 or greater on the GUTS website. Of course, it is also crucial that the back odds and the lay odds on your chosen betting exchange are as close as possible. You’ll then need the help of our matched betting calculator which can be found in the premium section of MatchedBets.com. For this step, you will be using the ‘Bonus on loss’ option.
By following the instructions in our step by step guide, you will then confirm your bets with the bookmaker and the betting exchange. You can then use our bet tracking software to keep track of your bet on the dashboard. Once the selection has settled, you can mark it as ‘won’ or ‘lost’ via the dashboard.
- Due to the nature of the offer, if your bet wins with GUTS you will have made a bigger profit with the bookmaker than you lose on the exchange, thus you will be done with the offer.
- If your bet loses with GUTS, you’ll make a bigger loss with the bookmaker than you win on the exchange, but the bonus refund will leave you with a profit from the offer. You will then need to complete the wagering of the bonus funds, as you will not be able to just withdraw it straight away.
GUTS state that the bonus funds must be wagered four times within 14 days before it can be withdrawn. Thus if needed, the next step is to start the wagering. The higher the odds you choose for your selection here, the greater the chance your bet will lose and you won’t have to complete any further wagering. Remember, the minimum odds are 1.80 so you will need to find a selection above this. On the matched betting calculator, you will be using the ‘Normal Bet’ option. Once you have then placed your back bet and your lay bet, you can track both bets again.
- If your bonus rollover bet wins, you will need to carrying on betting until the wagering is complete or you have lost all of the money in your GUTS account.
- If it loses with GUTS, you will have made a profit at the exchange.
As mentioned, the expected profit total from the offer is £7.50. It is an easy offer to complete and does not take a large bank either, which makes it a very attractive option for matched bettors. Here at MatchedBets.com, we provide step by step guides for all kinds of offers, such as new customer offers, reloads, accumulator offers and casino offers. If it is possible to make a profit through matched betting, we will be sure to list it on the site.