I would strongly recommend against the "I have another offer, can you matched" strategy. For starters, you've just revealed your cards: that you are talking to competitors or that you don't have much interest in working in your current spot.

If you want a raise, ask for a meeting with your manager and layout a few good reasons why you need a raise: you've worked there without a raise for a year+, you've tackled on more responsibilities and executed.

Generally, to get a raise you need to meet some sort of expectation or goal. Sometimes managers are bad at setting those goals - so do it for them. Don't tie those goals to money beforehand. Wait til the goal is reached then review your performance. Most managers will find it hard to turn you down.