What is Matched Betting?
Matched betting is a simple but effective system to use the bookmakers sign up offers and bonuses to make hard cash! This is a foolproof method to make serious risk-free cash from the comfort of your home. In essence, you will be placing more than one bet on the same event, one back bet and one lay bet. In doing this you remove the risk of losing and guarantee your self a win, regardless of the result. Sound too good to be true?
Let me assure you its not and it’s very much big business these days. Odds monkey has over 40,000 members and Profit accumulator will no doubt have similar! Still, don’t believe me? Take a look at trust pilot and read the hoards of 5 star reviews both these companies have.
Here at Ace Odds, we have reviewed the top matched betting sites so you can find the perfect one for you. You can read each of our reviews by clicking on them in the menu above or the footer below. We look at key features like the matched betting calculators, matched betting odds matches, offer calendars and so much more.
How can I make money from matched betting?
Bookmakers give money away in the form of free bets and bonuses, They do this to create new customer accounts and have a budget of between £20-£200 per new account.
Matched betting is a betting technique used by individuals to profit from these free bets and incentives offered by bookmakers. It is generally considered a risk-free bet as it is based on the application of a mathematical equation rather than chance. A typical return for a matched bet where the stake is returned is 85%+ of the free bet offer amount, and 70%+ where the stake is not returned.
So for example, if you see an advert for a bookmaker and they are giving away a £10 free bet – on average, using the techniques that we can teach you (and with the help of our software, video guides and forum support), you will be able to ‘unlock’ £7 of that free bet as profit. That’s real money that you can withdraw and spend on whatever you like.
Basically, matched betting involves placing multiple bets to trigger these offers. The reason multiple bets are needed is to reduce the risk on your part.
For example, let’s say a bookmaker is giving away £20 if you bet £20 on football. If the odds are right, it would be possible to bet on Team A to win and bet against (or lay) Team A with a betting exchange.
This would mean your original £20 is returned and you get your £20 bonus from the first bookmaker. You then repeat the matching process (one bet at the bookmaker, and equivalent but opposite lay bet at the betting exchange) with your free bet amount.
Some of the bonuses offered by bookies are for new customers only. However, it is also possible to keep the profit coming in as bookmakers provide regular offers to incentivise existing customers. These are known as reload offers and are what makes matched betting viable, long-term.
Is Matched Betting Legal?
Matched betting sounds as though it could be illegal – tax-free money by utilising bookmaker offers definitely seems as though it could be suspect. However, matched betting is completely legal! Matched betting has been featured on many reputable websites and even appeared in The Guardian.
The bookies themselves have even confirmed this. Here is what Graham Sharpe from William Hill, one of the UK’s biggest bookies, said about matched betting:-
“There’s no illegal element. It’s a free bet and you can do what you like.” That was a quote from a Daily Telegraph article in 2010.
A big relief then that you are able to legally match bet.
To Find out which is the best matched betting site for you, click the button below.
How much money can I make?
For each offer you do, you will be left with up to 95% of the free bet amount as profit. This is because betting exchanges usually charge a commission of 5% on winnings. You may also make a very small loss on the qualifying bet due to the minor difference in odds between the bookmaker and the exchange. This is normal, and you will recoup this when you use the free bet.
As a Guide I expect you will be able to make between £1000-£1500 in your first month, then up to £500 each month after. It’s also worth pointing out that all profits are tax-free. As with anything like this, the more time and effort you put in the more profit and reward you will get out. If you are ready to find the best matched betting site for you, Click here.
What Is The Risk?
In theory, there is no risk involved because you are covering yourself by betting for and against the same event, However, the risk comes when mistakes are made so, once again, you need to double-check everything and follow the steps exactly. On rare occasions, free bets do not always come through right away. Remember by joining a site like Profit Accumulator you will minimize these risks through following the detailed step by step guides.
Once you understand the process and been successful by following the steps outlined, you can then continue matched betting at many other online bookies with free bet offers which can quite quickly land you a lot of money with just the risk of you making a mistake.
It’s also worth knowing that depositing at gambling websites does not affect your credit rating. However, It may have negative connotations if there are a lot of gambling-related transactions on your bank account when applying for a mortgage or finance. I recommend you use an E-wallet like Skrill or Paypal to conduct all of your matched betting activity through.
Do I Need Previous Betting Experience
Matched Betting requires no previous betting experience what so ever, It is open to everyone who resides in the UK and Ireland. That being said, seasoned bettors will have a slight advantage initially as they will be familiar with bookmakers, odds, exchanges and how they work.
That being said, it is also a positive if you have no experience what so ever as you will not have previously opened bookmaker accounts online, meaning you will still be eligible for free sign up bonuses.
To jump straight into it, find out which is the best matched betting site for you by clicking the button below.
Can I earn a living from Matched Betting?
This is quite a broad question with many factors affecting the answer. In short, I will say no but that doesn’t mean there are not people earning a great living from Matched Betting.
If you are dedicated and assign enough time into the learning process, then more time into actually doing the offers then you can make considerable sums of tax-free money.
I suppose the real question is how much do you call a living? If its £500-£1500 a month then I have good news. Click here and join up as you are in luck. If you want a bigger income I suggest you still sign up but maybe treat this as just an extra income.
Remember, you are at the start of your journey and a long way off deciding whether to quit your job. It’s just something to keep in mind for the future at this stage.
Matched Betting FAQ
Can everyone make money from matched betting?
Yes, matched betting is a great way to make money and is suitable for anyone over the age of 18. The services explain everything you need to know with clear instructions, videos and support. All that’s required of you is to commit some time every week to complete the bookmaker offers and you will make a regular monthly income.
What do I need to get started?
Register for Profit Accumulator and you’ll get access to over £1,000 of bookmaker offers. You’ll need a debit card and around £100 starting capital. Follow the step-by-step instructions and you’ll make around £50 profit from just the first 3 offers which more than covers the first two months paid subscription. You can then complete the remaining new customer offers and move onto the reload offers from which some matched bettors make upwards of £500 a month.
What does a paid subscription provide?
You’ll get access to our comprehensive list of new customer offers, each with their own step-by-step guides, plus daily reload offers and promotions that will keep the profits rolling in month after month.
You will also have access to all the best matched betting tools around. Calculators, spreadsheets, oddsmakers etc.
What are the benefits of a paid subscription?
The key to making matched betting a worthwhile endeavour is to minimise the time spent looking for offers and completing them. Taking 5 minutes to make £3 is worth it but if it takes an hour to find the offer it’s probably not!
A subscription to Profit Accumulator gives you access to 100s of offers with explanations of how to turn each one into profit. Unique tools help you manage your bets and cut back on the admin work you need to keep track of your bets and your money.
How do I pay for a subscription?
Click/tap the Buy Now button to go to the checkout where you have the option to pay via debit/credit card or your PayPal account.
Can I take advantage of matched betting if I already have bookmaker accounts?
Yes, we have over 60 UK licensed bookmakers with sign up offers that will make you money. It’s more than likely your existing bookmaker accounts will offer reload bonuses and money-back offers and we’ll show you how to turn them into profit.
The Dashboard will recommend new customer offers based on ease of claim and the amount of funds required to complete the offer. If you have an account with one of the recommended bookmakers, click done and a new suggestion will appear immediately.
How do I cancel my subscription?
You can cancel your subscription at any time directly from your PayPal account. Please remember that subscriptions are renewed automatically, so make sure to cancel before the billing date.
Can I change from monthly to an annual subscription?
Yes. Simply cancel your current subscription from your PayPal account and sign up for an annual subscription.
Why was my membership cancelled?
Subscriptions are cancelled automatically if not paid on the due billing date. You can renew your subscription at any time by logging in to your account and buying a new one.
How do I contact support?
Support is always on hand from the matched betting sites, simply chat in the forums, live chat or call customer services and they will help you through any issues.
Find out what is the best matched betting site for you by clicking the button below!