I happened to stumble upon Matched Betting one summer before the football season begun. I was looking to put my annual bet on the winners of each division and then I suddenly read an article on it.
Matched Betting is a simple way to make quick, easy and tax free profit. Within my first month I had made over £750 from Matched Betting. Matched Betting could be a huge part of your Financial Independence plan and could give you that extra income you are looking for
Matched Betting is a no brainer.
What is Matched Betting?
Matched betting is a technique that allows you to take advantage of the free bets bookmakers offer. Matched Betting is not a gamble, as it is based on mathematical formula rather than chance. This is why it is risk free and why so many people are trying it.
Every penny that you make is tax free, another bonus.
So why try Matched Betting:
- You can earn over £200 an hour easily
- There is no risk. If you follow the simple formula you are guaranteed to make money
- It is extremely straightforward after you have completed the formula once or twice
- You can earn money whilst watching TV
- It is completely tax free
- You can make in excess of £10,000 in your first year
Getting Started with Matched Betting
The key thing is getting started, there are hundreds of blogs, websites and guides out there on how to go about it, but the key is actually trying it for yourself. I have often said this through the blog, the longer you procrastinate and don’t try something the more likely you are that you won’t try it.
This is risk free, tax free profit. As long as you are able to follow instructions you are able to make money from this. There are services that you can use such as Profit Accumulator, OddsMonkey and The Profit Squad that you can subscribe too who will talk you through each bet you make.
I have written a review on the Matched Betting subscriptions services and it is well worth a read.
How does Matched Betting work?
The method is quite simple. You bet on every outcome of the event to ensure guaranteed profit whatever the outcome of the event is. This is why It is risk free. Gambling itself is inherently dangerous and over a long period of time you will lose money.
This method allows you to use the bookies free offers to make a guaranteed return.
The process will involve a back bet which is a standard bet where you are placing money on someone winning. A lay bet is the opposite and you are cancelling out your back bet. This will be placed with a betting exchange such as Betfair.
Let’s walk through an example:
Step by Step Guide to Match Betting
For this example we are going to take advantage of Bet365’s offer. Deposit up to £200 and they will give you the same amount free.
Step 1 – Sign up to Bet365
This is where you will place your bet and these will be acting as the books in this scenario. Before placing any bet, check the terms and conditions of the free bet to make sure there are no qualifying criteria, and if there are follow them to the letter.
You will need to deposit £200 to get your free £200, however, you need not bet this amount. Just continue to follow the steps.
Step 2 – Sign up to Betfair.com
Betfair will be acting as the betting exchange, this is where you will place your lay bet. This is vital as this will cancel out any risk that you will have from placing your initial bet. You will need to deposit £200.
Step 3 – Find and place your qualifying bet.
This is the first bit of manual work you will need to do. If you use a service such as Profit Accumulator and Odds Monkey they can do this all for you.
You want to find a bet that has the closest odds on both websites. The bet I chose was Wigan v Burton Albion.
As you can see at the end of the bet the maximum I can lose from gambling is £3.74. On Bet365 I placed a bet of £200 (My free bonus) on Wigan to win (2.15). I then placed a bet of £199.07 on “Backers Stake” (2.18) at Betfair.com, this is the lay bet which is protecting against any risk of our first bet being wrong.
This all sounds very straightforward, that’s because it is.
So how much do I make?
If Wigan win I would win £195.09 and If Wigan don’t win I still win £195.09. I appreciate that as this is your first offer it might take you half an hour to complete, however, this specific bet took me twenty minutes which is over £500 an hour.
Now you have done your first bet, it’s time to find some more offers!
If you want me to talk you through your first bet feel free to email me and I will send you an email walking you through a bet for the next day!
Finding More Bookmaker Offers
I know what you are thinking, you have seen how easy it is to make money you want more offers. This can be the tricky part, there are only so many introductory offers and once these run out where do you go?
There are two types of offers, “sign up offers” and “reload offers”. It is easy to start with as there are tons of start up offers, however, once you have used all these you will need to look for reload offers.
You can look through all the websites themselves and read the terms and conditions of the reload offers, however, as you can imagine there are services out there that can do that for you. There are monthly subscription based services that will for a small see, they will find you the sign up and reload offers for you as well as offer you tutorials on how to do them.
Now for someone like me who doesn’t want to spend time looking through these services Matched Betting subscription services are vital. The two popular one’s are OddsMonkey and Profit Accumulator. OddsMonkey charge £15 a month and Profit Accumulator charge £22.99 a month, which in my eyes is well worth it if you can make £500 an hour from doing it.
Both of them provide you with written and video tutorials and walk you through each and every offer. The above walkthrough I provided took me twenty minutes and used Profit Accumulator.
I have reviewed Profit Accumulator, and it is well worth a read. If you are slightly unsure, read this and it will hopefully explain why you should use it.
How much can you make Matched Betting?
As I have shown above you can make £500 an hour from Matched Betting easily. The best offers around can see you make this, however, if you want this to be a continuous income stream you will need to put in more time. If you put in an hour every two days you will earn between £1000-£1,500, depending on available offers.
I will highlight, that is £1,000-£1,500 tax free and risk free every month by spending an hour every couple of days working. Now I would never advocate this becoming your only source of income, however, this is a great tool to diversify your income.
Now you should take out one of these offers. As I have said I am happy to help you with your first one. Please feel free to comment below, or email me asking for my help. You should get started as soon as you can, the sooner you start the sooner you will be making money.
Read these other guides you will find useful:
Matched Betting Frequently Asked Questions – All the basic questions you probably have about Matched Betting answered in one place.
Does Matched Betting work in 2016? I explain why it still works and why it will work for the foreseeable future.
Profit Accumulator Review 2016 – This talks you through my experiences with Profit Accumulator, my thoughts on the product and how much money you could make using the product.
OddsMonkey Review 2016 – A completely impartial review of OddsMonkey, a review of the positives and negatives and why I use this service.
*This article may include affiliate links. If you sign up to OddsMonkey or Profit Accumulator I may receive a referral fee.