Please read this post I wrote for Mouthy Money about getting addicted to gambling before considering matched bettting. It is not recommended for anyone with an addictive personality.
Last year was my first full year of being self-employed. In the early days of running a business I made very little money. Looking back income didn’t start flowing in until Summer so I had 6 months with little income. I experimented with various money making things which are all well documented like mystery shopping, eBay sales, questionnaires and matched betting. Here my post on how to make decent money from Matched betting.
I tried matched betting and it was the most successful way by far to make a good amount of cash. I gave it a try from Feb to April 2016 and in just 2 months I made £2000.
What is Matched Betting?
Matched betting is not gambling. It is using the freebie sign up offers from gambling companies to make a profit. Here is an example.
William Hill will give you £30 in free bets when you deposit and £10 and set up a new account. You can turn this £30 of free bets into real profit by using a betting exchange, eg Betfair and your William Hill account
- Liverpool play West Ham. You use your £10 bet to bet West Ham win and then cover all other results, a loss or a draw via a betting exchange like Betfair. The betting exchange odds will be slightly worse than your William Hill odds.
- The game is played and you are left with a small loss of £1-2 as one bet won and one bet lost.
- You then use your free bets using the same methodology on a different game
- The difference this time is that you are not having to spend anything to place the bet in William Hill.
- You will make around 80% of the free bet value as a profit, so will stand to make maybe £23 from the £30 free bet.
The trick to making great money with these bets is signing up to as many betting companies as possible and using all the free bets to make a profit and never using any of them for actual betting.
As time goes on the gambling companies will offer you existing customer offers, for example for the grand national last year I was awarded a free bet worth £125, on which I made a £90 profit.
Is it Making Sense?
That’s the basic theory explained and there is a service there to help you further. I signed up to Profit Accumulator who guided me through every step with tutorials, videos, help forums. I could not have made this amount of money without them.
The beginners section is fab and it talks you through all the offers and how to approach each offer. It gives you a tool to match odds on sports so you can maximise the profit from the free bets. There is also gives you a calculator to tell you how much money to place in the exchange to cover you bet. It really does give you everything you need to make matched betting simpler and more profitable.
If you are still sitting on the fence why not have a go at the free trial? You can sign up to the free trial here, give 2 offers a go and make yourself a 100% free profit of £45. You’ve not really got anything to lose, have you? This trial will introduce you to how matched betting works and give you an idea of what it takes to place the bets.
How much time does it take?
To get used to matched betting and learn the process it will take a good couple of hours. However once the routines become second nature you can get away with 30 mins to 1 hour a day working through the offers.
Do I need to Invest any Money to Start?
rIf you do decide to sign up to Profit Accumulator after the free trial, then there is a monthly fee. You will need to invest money in the form of deposits to the betting companies and have a balance in the exchange to cover the ‘loss’. A couple of hundred to £500 to start off with will get you off to a great start. It will mean you can complete multiple offers at the same time! If you follow all the tutorials and do not gamble the money you will get this back when you withdraw your profits.
Why did I stop?
I needed a short-term cash injection and this met that objective. I have a very short attention span and I must admit it, I got bored. Although I was wonderfully happy with my £2000 profit. How do you get bored with earning extra cash I can hear you shouting?? There are people who make a few hundred pounds every month (don’t believe the accounts of thousands per month) consistently. I just moved on to other things like writing my book and creating content for my website.
Any other Questions?
Why not take a look at the Profit Accumulator website and see what they have to say and give the free trial a go? You don’t even need to enter your bank account details!