Should You Combine Offers when Matched Betting?

Matched betting has become a popular strategy for individuals seeking to profit from sportsbook promotional offers.

One tactic that has emerged is combining or "stacking" promotions. This is where bettors use multiple promo offers at the same time. With stacking, bettors hedge a promotion on one online sportsbook with one on another.

While this technique may seem like a sure bet (no pun intended!), it adds an extra layer of complexity to the matched betting process.

In this post, we'll explore the pros and cons of combining offers, shedding light on whether stacking promotions is a wise choice.

Contents

1. What Does it Mean to Combine Offers?
2. Pros of Stacking Offers
3. Cons of Stacking Offers
4. The Risks of Combining Sportsbook Promotions
5. What to Do Instead

1. What Does it Mean to Combine Offers?

The concept of stacking or combining offers is pretty straightforward in itself. We’ll get onto why it’s not actually that easy to do in reality later on in this blog.

Essentially, stacking involves matched bettors strategically using a promotion offered by one sportsbook with a different promotion from a second sportsbook.

To break it down further, let's look at an example:

Imagine you have a free bet from an online sportsbook. Instead of using this offer by itself and using the matched betting process to turn it into a guaranteed profit, with stacking, you would look for an opportunity to use it alongside another bonus offer from a different sportsbook.

For instance, Sportsbook A is offering a free bet. This could either be as part of their sign up promo for new customers or given out to existing customers.

Sportsbook B also has a promotional offer available. This second promo offer could be a different type of promotion, such as a deposit match or a risk-free bet. By strategically placing bets on both sportsbooks, the aim is to create a balanced scenario where profits are more reliably secured, regardless of the actual outcomes of the underlying bets.

However, it's important to note that not all promotions can be stacked seamlessly. Different sportsbooks have varying terms and conditions, and understanding these differences is crucial to identifying compatible promotions.

The nature of the promotions, the requirements for triggering them, and the specific conditions for their use all play a role in determining whether stacking is a feasible and profitable matched betting strategy.

2. Pros of Stacking Offers

• Fewer bets = less work: Stacking promotions can streamline the matched betting process by reducing the number of bets you need to place. This could appeal to those who want to minimize the time and effort spent on managing multiple bets.
  
  
• Useful for new bettors: Combining offers may be particularly useful for beginners who are just starting their matched betting journey and have access to a limited number of sportsbooks. In such cases, stacking can help maximize profits from the available signup offers.

However, in reality, this isn’t always how stacking offers works in matched betting and the above pros aren’t necessarily what will happen if you choose to do this. It’s important to understand the flip side of combining offers as this approach could lose you money instead of helping you maximize your profits.

3. Cons of Stacking Offers

• Decreased profits: Sometimes, stacking promotions really isn’t the best thing to do! Without carefully evaluating the potential for better conversions on different sportsbooks, combining can lead to missed opportunities and decreased overall profit.
  
  
• Missed milestones: One downside of stacking promotions is that it limits the number of bets placed across various sportsbooks. Diversifying your bets across multiple platforms can be beneficial, especially if you aim to achieve VIP status, which often requires larger bet amounts. The VIP perks can include enhanced promotions, faster withdrawals, and personalized customer support.

It's so, so important to do your research and compare the terms and conditions of promotions on various sportsbooks to make sure you are making the most profitable decisions.

4. Risks and Mistakes of Combining Sportsbook Promotions

Stacking sportsbook promotions can be daunting, especially for beginners dealing with initial signup offers. It introduces additional risks which could mean you miss out on profits you could have achieved.

Combining offers may be challenging to navigate for those new to matched betting. Therefore, it's often advised to start with simpler strategies before considering stacking.

One of the most common mistakes when combining sportsbook promotions is placing risk-free bets against each other. This can significantly reduce your potential profit.

Instead, if you find yourself forced to stack promotions, consider hedging risk-free bets with a site credit deposit match, where possible, to maintain or even enhance your earnings.

5. What to Do Instead

While stacking promotions in matched betting may have its merits, it's essential to weigh the pros and cons carefully. The risk of decreased earnings and spreading your bets too thin means you could miss out on guaranteed profits.

Here at ProfitDuel, we wouldn’t recommend combining offers for the simple reason that it adds an extra layer of complexity to the matched betting process. 

Speaking of ProfitDuel, we're a dedicated matched betting platform, designed to take you from beginner to ongoing monthly profits. Our site has everything you need to run a successful matched betting side hustle: software, tools, training guides and expert support.

So, go ahead and see for yourself. We’re offering new members 50% off their first month in which we’ve included a welcome offer that will earn you a guaranteed $100 when converted. Still happy after that? Stay on board and join our members earning $1,000s each month risk-free. Enjoy!