How To Make An Extra Income From Matched Betting
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In this blog post, I am going to explain to you how you can make some serious cash from matched betting. People are even earning a second income from it, so today I want to tell you what it is and how you can get started straight away.
What is matched betting?
Matched betting is a way of turning free bets offered as incentives by bookmakers into real money.
A common misconception of matched betting is that this is a form of gambling, however it is NOT GAMBLING and is a way to make a profit from free bets.
Matched betting terms
Back bet – This is a ‘normal bet’ where you back the winner by putting money on it. This is where you back the outcome you expect to win. Example: Betting £10 on England to win a football match.
Lay bet – This is where you bet the opposite way to cancel the bet out. This is when you bet on the outcome NOT to win. Example: Betting on England not to win the football match.
Betting site/bookmakers – there are various betting websites that offer free bets. Example: William Hill, Ladbrokes, Coral etc.
Betting exchange – these are websites where we place our ‘lay’ bet. The most common one is Betfair.
How can I make a profit?
Firstly, you need to make a ‘qualifying bet’. For example, if a bookmaker’s offer is ‘Bet £10, get a £10 free bet’, you would need to deposit £10 and place a bet. You may lose a small amount of your deposit initally. However you will make this back with your free bet so do not worry! By doing a back bet and a lay bet, you end up making a percentage of the free bet back (usually 70-90%).
How do I get started?
If you are intrigued and want to learn more, Profit Accumulator gives you step by step videos and offers to make you money. You can register for a free trial which will make you between £30-45. With their full membership Profit Accumulator estimates on average you can make between £12-15 an hour matched betting. This goes up to £40 an hour during big events such as The Grand National. The best thing is all of your profits are tax free, no matter how much you make.
How much you earn depends on a range of factors such as:
- What times of the day you are available
- How much time you put in
- How much money is in your matched betting pot
- Which offers you choose to take advantage of
How much do I need to get started?
The minimum amount you will need to start up is around £60-£100. This is because when you begin you will need a small ‘matched betting fund’ on the exchange sites to place your bets. However, this will quickly build up.
Is it legal?
What do I do after I have completed all of the offers?
Once you have completed all of the sign up offers on Profit Accumulator, you can then move onto the reload offers. This is how you can continue to make over £1,000 a month. Reload offers are limited time offers that are only available to current members of a bookmaker. At any one time, there may be 40+ reload offers available.
I hope this post has helped to educate you on matched betting. Let me know if you have any matched betting tips by commenting down below or tweeting me @BritOnABudget1!