DM of the Week: Should I Try Matched Betting?
I get this question a lot, having spoke on Instagram about matched betting when I was making a lot of money from this at the beginning of the year. The money I made when I started was enough to pay for our recent holiday to Thailand, so naturally there is a lot of interest from followers who are keen to learn more and I thought I would put up another post about it, addressing some of the questions I’m asked about it.
Firstly, matched betting is a betting technique that allows you to utilise free bets and incentives offered by bookmakers to make a profit. Offers and incentives are unlocked when you place multiple bets (easier than it sounds once you get the hang of it!).
Most of the offers are risk-free and the process is completely legal, and profits are tax-free.
Should I try matched betting?
If you are looking to make a decent side income, and want to choose your own hours and fit it around your lifestyle, matched betting is definitely worth attempting. I know it sounds too good to be true, because I thought this myself in the beginning, but the truth is that while it’s a bit nerve-wrecking, and it takes ages to do the first offer because it’s new to you, it’s a legitimate and easy way to earn decent money.
Why isn’t everyone doing it?
The jury is still out on this! My own theory is that people are put off by the name (because it suggests gambling), or think it’s too good to be true.
Do I have to use my own money?
In the beginning, yes. If you are following the free trial from ProfitAccumulator.co.uk, which I would recommend as I use this myself, you will sign up for accounts with sites like Coral, Betfred and Betfair, and you deposit money into your accounts straight away. This is pretty daunting in the beginning, but you will get your money back, plus profit, in a short period of time. When I first started, I deposited around £60 at midday and had £73 in my accounts by 8pm. It’s as the saying goes, you have to spend money to make money. As time goes on, you will build up a pot of money and can then use these funds to re-invest and re-invest. Therefore, this is a particular good way to make money if you are looking to save for something specific, like a holiday, because you can build up your holiday savings and at the same time, use this money to fund your bookmaker accounts.
How much can I expect to make?
Doing the sign-up offers alone, you can make £1000-£2000, and then you can easily make a few hundred pounds each money thereafter. In addition to sign up offers, I found that when I initially started, I got sent lots of offers by email, too. On ProfitAccumulator, there are many forum threads with details of how to hit certain earning thresholds each month, such as £300, £500 and £1000, and instructions for each- it’s up to you if you want to sign yourself up for the challenge! Obviously you will have to put in the work to make this money, but as you do it in your own time and it’s a really quite simple once you know what you’re doing, it makes the process a lot more attractive as a side job.
Any downsides?
Stumping up your own funds in the beginning is quite daunting and appears to put many people off- but as I’ve said, you will get these funds back. There is the potential that you will make the odd mistake- it’s inevitable, just like in any job, but I found that it was only when I got comfortable with it did I make mistakes and, when you are starting out, you are uber careful to ensure you’ve done it correctly!
How can I ease myself in? Any easier alternatives?
There is a free trial on ProfitAccumulator.co.uk, where you can make up to £45 doing two offers. You can absolutely make this money over the weekend and ease yourself in, allowing yourself to see if this is something you want to pursue.
Using this website has enabled me to learn the process. They have tools for calculating your bets, a full list of all sign up offers (including reloads, casino and bingo offers) and a forum. I am intending to make about £300 in the month of June by using the information they supply on their forum.
My referral code is 277390, thanks so much if you use this 🙂
Alternatively, you can attempt to do some of the casino offers where you don’t even need to deposit money into your account to benefit from free spins that can net you a win. Mr M prefers these as there is no calculating involved. Again, these are on the website.
If you have any more questions, about matched betting or anything else I’m posting about, feel free to give me a shout on Instagram or below and I’d be happy to help 🙂
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