You have probably heard it mentioned before, but what is matched betting, is it legitimate and if it is, how much can you earn from it?
The chances are, if you’re reading this, then you’ve decided to find out about the world of matched betting. It’s not a new phenomenon and has been reported by most major news outlets.
I started out almost 15 years ago, so have plenty of experience. I’m sure there are plenty of questions you may have, so I’ve tried to answer as many as possible.
What is matched betting?
Before we start, I want to make one thing clear. Matched betting is not gambling. If you gamble, then there is a good chance you will lose. Maybe not immediately, but eventually. Matched betting allows you to cover every eventuality, and thanks to special offers, it means you will always end up winning.
Matched betting has been a method used for over 15 years. As the internet grew in popularity, bookmakers (like William Hill and Ladbrokes) realised there was huge potential for new customers. Many people liked a flutter on a sporting event but didn’t like to go into the bookies. The internet now gave these people a chance to bet as much as they like without leaving the house.
But how did bookies go about getting customers to choose their services over their competitors’? By giving them free bets.
Matched betting involves taking advantage of these free bets.
For example, bookmaker A will offer you a free bet of £10 if you bet £10 on an event. So you choose a tennis match where two players have equal chances of winning. You place £10 on one player to win with bookmaker A and £10 on his opponent to win with bookmaker B. Now it doesn’t matter who wins, as you will earn your money back whatever the result. But not only that, you will earn a free £10 bet.
Now, this is a very simplified explanation as there are other factors to consider. But don’t worry if you’ve just read the above and still have no idea. There are companies out there that offer a matched betting guide. Take a look at this short video by Profit Accumulator for more information.
Their match betting guide takes you through the whole process, with a step-by-step guide on how to make money.
How much can I earn from Matched Betting?
Like most things in life, the more effort you put in, the more you will get out. I often make around £200 per month which takes around two hours per week. At my peak, I could earn around £800-£1000. There are still people who regularly earn over £1000, and some claim up to £2000.
How easy is matched betting?
If you have no experience with gambling and odds, then it will take a little while to get your head around. But, you don’t need to be a maths genius to figure it out. And, as you get to grips with matched betting, it becomes much simpler and less time consuming to do. It’s possible to make a decent amount of money from just a couple of hours each week. But the more time you have, the more money you can make. Some people claim to be making over £1000 every month.
Can you lose money matched betting?
Generally, this is a risk-free way to make money, but it’s not impossible to lose money. Occasionally, sport likes to throw in a surprise here and there and bookies have different rules to measure results. For example, if a tennis player withdraws through injury during a match, some bookies will void the result, whilst others will pay out. That’s why it’s important to understand the bookie’s rules and why you should seek help as much as possible.
The only other issue you may have is by not paying attention. That may sound a little patronising, but I’ve done it before. It’s incredibly easy to bet on the completely wrong game when you’re in a rush! Fortunately, there are ways to minimise your losses in these situations.
Is matched betting illegal?
No, it’s entirely legal. Bookies hate it though as they don’t see it as people gambling in the spirit it’s intended for. That’s right, bookies have their own code of ethics. Who would have thought it? Bookies do keep an eye out for matched bettors, and if they suspect that’s what you are doing, then they will stop sending you free bets. It’s frustrating but it just means that you have to move on to the next bookie.
Is matched betting a scam?
I have met a lot of people who raise an eyebrow when I talk about matched betting but let me make this clear, it is not a scam. In fact, Money Saving Expert has a whole forum dedicated to the subject. Martin Lewis would not allow something on his site if it was a scam. It’s a system that I have used for a long time and made decent earnings from.
Is matched betting worth doing?
Definitely. Although it helps, you don’t need to have any prior knowledge of gambling or sports. Making several hundred each month is certainly possible and won’t take you too much time. Plus, all your winnings are tax-free.
Can you make a living from matched betting?
The first few months will always be the most lucrative when matched betting as that is when you use most of the sign-up offers. But there is no reason why you can’t see a decent return over the long-term. That is where Profit Accumulator becomes most useful, as they will let you know of any offers you may miss.
How much money do you need to start matched betting?
The more cash you have, the more potential you have to earn. However, a starting bank of around £50-60 is sufficient enough to start betting. This will allow you to start with the small offers and work your way up to the better ones.
Does matched betting affect your credit score?
Of course, I’ve talked about a lot of the benefits, but it can’t be all good. Can it?
Matched betting should have no affect on your credit score.
However, there is a potential issue in applying for a mortgage. Banks are not keen to see large amounts of money coming in and out of your current account to bookies. It seems to make them nervous that you’re a gambling addict. Because of this, I have always used a separate current account for all of my matched betting.
How do I get started with matched betting?
Matched betting is something you can do yourself if you take your time and make sure you know all the potential pitfalls.
If you’re not confident enough or want better access to offers, Profit Accumulator is certainly worth signing up to. And don’t worry, you don’t have to pay them anything if you don’t want to. They offer a free trial to show how you can make the most of two bookie bonuses. If you make money (which everybody does), you then have the choice to upgrade to the Platinum Membership. This gives you access to 100+ bonuses, plus access to forums and enhanced customer support.
Can you trust Profit Accumulator?
If you’re unsure of matched betting, then you’ll also be unsure of Profit Accumulator. But don’t worry, Profit Accumulator is not a scam. They have been operating since 2014 and have had over 100,000 paying customers.
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