Having a bankroll is essential for a winning matched betting strategy. For newcomers, the idea of a bankroll can feel a little overwhelming at first.
What is a bankroll? When do you get it back? What’s the optimal bankroll?
In this guide, we’ll break it all down—what a bankroll is, how it works, and how it can help you grow your matched betting profits. Platforms like 20Bet Casino help you manage your bankroll better. You can also take advantage of great betting offers.
What is a Bankroll in Matched Betting?
A bankroll (often called a ‘float’) is simply the money you set aside to place your qualifying and lay bets. This helps you unlock your free bet promotion.
After you finish matched betting, the money returns to you. You also get the profit you secured since all outcomes are covered.
This means your bankroll isn’t actually at risk; it’s more like a temporary deposit to access offers.
- 3 Key Considerations
Before we get into strategies and FAQs, here are three key points about bankrolls. If you remember nothing else, keep these in mind.- No Risk of losing your bankroll: When you do matched betting right, your bankroll stays safe.
- More Funds, More Earnings: A bigger bankroll lets you unlock higher profits and take on more offers at once. A larger bankroll lets you access better bookmaker promotions. It also lets you do many free bet conversions, or matched betting, at the same time.
How Much Do You Need to Start Matched Betting?
You can start with $10. Yet, building that up will take a lot of patience with matched betting offers. With a very small bankroll, you’ll often be limited to lower-odds free bets, which slows down growth.
What’s the Best Bankroll Size for Matched Betting?
Around $200 is usually enough to get started comfortably. Yet, if you want to earn more quickly, a larger bankroll is better.
If you’re aiming for maximum flexibility, a bankroll in the $500–$800 range is ideal. This starting pot helps you unlock better risk-free bet offers. It also lets you join many offers at the same time. It’s an ideal way to get newcomers started without making things too complicated.
Strategies for Building Your Matched Betting Bankroll
Beginners have many options for bankroll management. The easiest way to start is with sportsbook signup deals. Begin with lower bankroll options and work your way up.
The good news is that a solid matched betting platform can handle this heavy lifting for you.
At ProfitDuel, we scan through all available sportsbooks in your region to highlight the best offers. We gather their best offers and list them from the lowest to the highest required bankroll. Plus, we give you simple, step-by-step instructions for each one. Easy.
Bankroll for Reload Offers
A reload offer—sometimes called an ongoing offer—is a promotion given to existing customers. It comes after they’ve signed up and used any welcome bonuses. The bankroll for reload offers depends on how much time you have and what types of offers you want to chase.
How Can I Manage My Bankroll Effectively?
If you want to succeed in matched betting for the long haul, managing your bankroll is crucial. But tracking it can be a hassle. Instead of juggling spreadsheets, use tools that do the work for you.
ProfitDuel’s Profit Tracker makes it easy. You can log each wager and see your profit history. It shows your weekly, monthly, and yearly profits. You can also compare actual results with expected ones—all in one place. Simple, clear, and stress-free.
Final Thoughts
By now, you should have a clear picture of what a bankroll is and why it matters. Plus, you have some tips for managing it. So, why not put this knowledge to use and start making profits?
We’re confident you’ll love the ProfitDuel platform. We offer new users a trial with full platform access. Plus, you get a welcome deal worth over $100, all risk-free.
Any questions? And if you ever need help, our expert support team is always ready to guide you along the way. Happy profiting!