What this all about, then?!
So, what is matched betting and how is it low-risk, or even risk-free in many instances? This guide will help you understand what it is all about and set you on the road to making a substantial extra income.
How does it work?
Bookmakers make their money from punters betting on an event. Any event! They are so keen to get and to keep your business that they offer incentives, bonuses, free bets, enhanced odds, etc, etc, you get the picture! With matched betting, we can take advantage of their generosity to make some money for ourselves. We do this by covering all angles, in other words, all possible outcomes of a bet are covered to ensure that we can make a low-risk or risk-free profit from that bet.
The strategy for achieving this is simply to place a bet at a bookmaker and then to ‘match’ it by placing a counter bet at a betting exchange.
What’s in it for me?
How much you can make from matched betting is a difficult question to answer, as there a number of factors to take into consideration. Ask yourself these two questions:
- How much time can I commit to matched betting?
- How much money can I afford to invest? I say invest, because you WILL NOT lose money, as long as you follow my guide and play by the rules.
The answer to these questions will determine how much you can make and how quickly. Let me explain. If you can only spare 15-30 minutes a day, you can still make over £500 per month. The more time you can spend, the more you can earn. I’m not saying you can achieve millionaire status through matched betting, but you can certainly earn enough to give yourself a very nice income.
The amount you can afford to commit initially can be an obstacle, due to the liability that you will need to cover at the betting exchange. But don’t let this put you off. You can simply start on the smaller offers until you have built up a sufficient bank roll to embark on the more lucrative offers.
Is it right for me?
Let’s face it betting is fun! You may be one of those that only ever has a bet once a year on the Grand National. You go down to your local bookies, tentatively fill out the betting slip whilst seasoned, sweaty punters look at you and smirk, then go to the counter and place your £2 each-way bet! Imagine if you could make £100 from the Grand National, without leaving your house and without risking losing a penny. What about £200, £300. Well, on big events like the National, offers are aplenty and you can take advantage of them to earn a significant amount of money. And there are many, many such event every year.
However, it is not just the big events that we are looking at. The smaller events, such as your run-of-the-mill Barnsley vs Doncaster football match on a wet Wednesday night! These are the bread and butter events for matched betting.
So, no matter what your experience, your background, age, race, religion (well, that may count out some of you), you can make a tidy profit from matched betting. In fact, the less experience you have, probably the better. It is likely, in this case, that you will not already have accounts with bookmakers and you can, therefore, take advantage of more sign up offers.
So, is it right for you? You bet!! (excuse the pun)!
Myths and misconceptions?
“But the bookie always wins”
That is, historically, true. However, with matched betting, the rulebook has been re-written! There are no risks, so long as you follow my guide, learn and earn!
“Gambling is a mug’s game”
Ah, but it’s not gambling. This is matched betting. With gambling, you are risking your own money in the hope of winning a larger amount of money. The odds are heavily stacked in the bookmakers favour. Matched betting is not a gamble, in that you are, in most instances, guaranteed to make a profit. If you lose anything on a particular event, it would only be a very small amount and this is acceptable on qualifying bets, because free bets and offers will more than cover any qualifying losses.
“Isn’t it illegal?!
No, definitely not. Matched betting is completely legal and above board. Having said that, most bookmakers do not like it and will try to stop it by limiting your account if they suspect you are using matched betting. There are ways you can stay under the radar, though, so make sure you read my guide on this.
“Does the taxman need to know?”
In the UK, profits from betting are tax free. So, as long as this is not your main source of income, then the taxman does not need to know about it. You can continue to make a very nice tax-free profit thank you very much!
How much do I have to pay to use your site?
Say, what? Excuse me! Please do not insult me. This site is and always will be completely FREE. Yes, I said FREE!
I know there are some sites out there that will charge you ridiculous fees for the same information, but I just want you to follow my lead and earn as much as you can. I will continue to use matched betting myself as long as it remains viable and, using the same strategy, you can earn as much as me – or maybe more. Wait, hang on, what did I say about this being free…..