Learn how to make extra money from the comfort of your home with this top side hustle - Matched Betting is a great earner that anyone can do, as long as they've got access to the internet and a few spare hours per week.
You may have seen the term 'Matched Betting' or 'Profit Accumulator' around on the internet and wondered what it is. You maybe thought that it was just another type of gambling that was available at the bookies.
Well, the purpose of this blog post is to get you in-the-know, and to explain what it is so that a beginner can understand it - a sort of 'matched betting for dummies' guide - although I know you aren't a dummy.
Don't worry, matched betting is not gambling and you can make a guaranteed profit without losing your money. Read on to find out exactly what it is, how it works, and how to do matched betting...
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How to Make Money with No Risk Matched Betting
What is Matched Betting?
Matched betting is a technique used to take advantage of deals offered by bookies, and turn them into guaranteed profit.
Is Matched Betting Legal?
Yes, matched betting is completely legal as of the time of writing this blog post. There are thousands of people using this awesome trick to make money legally.
Is Matched Betting Risky?
Matched betting is not like traditional gambling where you lose money if the bet doesn't go your way. With this technique, you will make profit regardless of the outcome of the event that you've placed the bet on. You only lose money with matched betting if you make a mistake placing bets.
If you follow the instructions and take your time, you'll be fine.
Will it Make Me a Matched Betting Millionaire?
Short answer - no - it's unlikely that you'll get rich just from doing matched betting. There are only a limited number of offers available to do every week which means there is a limit on how much money can be made in a week.
What matched betting will do, is allow you to make a good side income for the time that you put into it.
How Much Money Can You Make From No Risk Matched Betting?
When I started matched betting a couple of years ago, I was earning around £12/hour from my job as an apprentice engineer. I was doing matched betting for around 1 hour every night and I worked it out as earning about £18-20 per hour from matched betting, so it was paying me quite a bit more than my day job per hour.
So it's well worth the time that you put into it, in my opinion. That figure is just an estimate, you might earn more if you can work through it quicker than me - which wouldn't be difficult to be honest!
You should probably expect to earn around £600-700 per month, but your first month should be higher because the sign-up offers (the first offer you do with each bookmaker) pay out more money.
The best thing about matched betting is that the profit is not technically classed as profit for tax purposes - it's classed as winnings which are tax-free. So, where you would be taxed 20% on your employment income (meaning my £12/hour was actually £9.60), you get to keep 100% of your matched betting earnings.
What Do I Need to Get Started?
All you need is access to the internet (it can be done on a smartphone, but a computer will be easier), some money for your first few bets (£50 will probably do it), and also some matched betting software with a matched betting calculator.
There are many matched betting sites that provide this, but the software I recommend is Profit Accumulator - you can sign up for free which will provide you with your first 2 matched betting offers which should make you around £45 profit.
When you've done the free trial, you can decide if you want to upgrade to the premium membership which costs £17.99 per month - a fraction of the profit that you'll be able to make from matched betting.
How Does Matched Betting Work?
The question I'm sure you've been waiting for - how could I possibly gamble my money without losing? Well here it is:
Profit Accumulator have a very handy explanation video here.
It's all explained on the video, but I'll summarise it briefly below for the purpose of this blog post.
As I mentioned earlier, matched betting works by taking advantage of bookmaker offers. An example of one of these bookmaker offers is this one from Coral: they offer you £20 in free bets if you place a £5 qualifying bet. A qualifying bet is just a £5 bet on any qualifying event.
We take advantage of this by betting on multiple outcomes on the same event, ultimately meaning that we neither win nor lose our qualifying bet, but breakeven. We get our original bet back in full, but we now have our £20 free bet, and we effectively didn't spend a penny getting it!
Here's a quick example (for the purpose of this, we'll assume the odds are both 1/1).
On Coral, we bet £5 on England winning the football match. Then on Betfair, we bet £5 on England to not win the football match. We've spent £10 in bets. When the match is played, if England win, we get £10 back from Coral and nothing from Betfair. Or, if England lose, we get £10 back from Betfair and nothing from Coral. Either way, we have our original £10 back, and we've satisfied the requirements on Coral to get our free £20 in bets.
Unfortunately, we cannot just withdraw our £20 free bet, it has to be gambled first and then any winnings can be withdrawn. So, we now have two choices:
1 - We can do the same trick again with our free bet, which will land us with around 80% of the value of our free bet in profit. So after our £20 Coral bet, we'll have around £16 profit.
2 - Or if you're feeling lucky, you can actually gamble your free bet. Obviously if you lose, your bet is gone. If you get lucky, then you'll potentially end up with a much larger profit.
I know nothing of sports and gambling really, aside from my experience in matched betting, so personally, I'd always go with option 1 of guaranteed profit.
The above is a simplified example, because in reality, the odds of winning and the odds of not winning are rarely the same. You will need to use the PA software to calculate how much to bet for your second bet.
So with the Coral example, your qualifying bet on Coral will be £5, but your second bet on Betfair will be calculated based on the odds of the match.
If like me, you don't know much about odds and gambling, then a software like Profit Accumulator is worth every penny. In fact, most people would find it impossible to get right without using some kind of software.
Here are some of the main features of Profit Accumulator:
Full training provided.
All available bookmaker offers provided for you, with instructions on how to complete them.
Odds matching software searches for suitable upcoming sporting events that are compatible with a matched bet.
Matched Betting Calculator software tells you exactly how much to bet on your second bet, based on the odds of the game.
Profit tracker to keep track of all your bets so you can see where your money is.
Customer support - 7 days a week.
Free trial - allows you to make £45 profit - proof that matched betting works.
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