In my opinion Matched Betting as a side hustle is by far one of the most profitable you can do with fairly low start up costs. In this post I’m going to explain what it is, how it works and a few things you may want to consider before starting.
I’ve done Matched Betting myself and did very well out of it – I worked out I was averaging around £46 an hour for the minimal time I spent on it!)
I have only used and will only ever recommend Profit Accumulator* as the Matched Betting site and system to follow so all information given here will be in relation to the processes they cover
What is Matched Betting?
Matched Betting is a tax-free way to make a profit from free bet promotions that are offered by betting companies.
Pretty much all bookmakers advertise promo deals of free bets to get new players to join up and start playing with them so there is a whole host of offers to get started with. Then, once you have signed up with various bookmakers they will send through offers for more free bets and offers as a way to keep you playing on their platform. With the help of some clever calculators from websites such as Profit Accumulator* you can use all these free bets to make guaranteed profits.
How does Matched Betting work?
I don’t want to put too much info into this post and confuse people so I’m going to link to this article from Profit Accumulator, but by way of a relativity short explanation…
Matched Betting works by using the free offers and incentives offered by bookmakers to draw in new customers, those free bets are essentially free money and that’s where you make your profit. To give an example Mr Bookmaker is giving a free £20 bet if you place a £20 bet with them in the first place, so you place your initial £20 bet (called a back bet) and then you place another bet covering the exact opposite outcome in a betting exchange at the same odds (which is a lay bet). When the event you are betting on finishes you won’t be up or down any money because you covered both outcomes but what you do now have is access to that free £20 bet so you just do the same process again (a back and a lay bet using the free bet) and when all is said and done you should, have a profit of around £17-19!
Like I said above the Profit Accumulator* website explains it much better than I do and has video guide to teach you on every step, it really is an invaluable tool if you want to try out Matched Betting.
Isn’t it gambling? Is there a catch? Is it legal?!
Matched betting is not gambling, it is one of the one surefire ways to ‘beat the bookies’ and guarantee profit from bets – if they’re placed correctly. There is a lot of money to be made using this technique and you can profit long term from it, too. There isn’t a catch and it is 100% legal, it’s even had a write up in The Guardian!
It sounds too good to be true…
I know but I promise you it isn’t! If you follow the walkthrough guides fully and take you time with it there really isn’t a risk to Matched Betting.
How much does it cost to get started?
You can do the Profit Accumulator free trial (no need to enter payment details to access it either!) and see how you get on, if you don’t like it then fair enough you can walk away with your profit and be done with it but if you understand it and like it then you can sign-up for the premium membership which is £17.99 a month or pay upfront for the year for £150. When I was matched Betting I paid monthly and the amount I made in profits each month make it a negligible cost for me.
How much can you earn?
It all depends on how much time you have to dedicate to it! Some people just have the evenings spare and can still make over £500 a month doing it, others do it full time and earn £2.5k upwards a month. I think the best way to go about it is to set yourself some goals of how much you’d like to try to earn each week or month
Things to consider before you start Matched Betting
Start-up Cost – You can start a free trial with Profit Accumulator* where you can earn up to £45 with two starter offers BUT you will need a small pot of money to start off with. The more money you can start with the better but I’d say £60-100 is a good pot to start with
You’ll need a bit of time to get your head around it/concentrate on the first few bets – Once you’ve got the hang of the tools on Profit Accumulator then it really does become second nature but when you are starting out I’d recommend making sure you can set aside some time to really go through the tutorials and get used to what you’re trying to do.
Are you currently looking for a mortgage? – If so then it might not be the best time to look at starting Matched Betting. Although it is 100% legal, above board and tax-free it still utilities Betting sites and any kind of betting sites showing up on your bank statement is going to raise a flag to the as your outgoings tend to get scrutinized when applying for a mortgage. Hold off until you’ve got a mortgage sorted and then you can start Matched Betting and use your profits to overpay it!
Have you had an issue with gambling in the past? – Matched Betting isn’t gambling BUT if you have had issues with gambling in the past it is worth thinking about if you can handle being on the bookies websites, they are designed to draw you in. If you think it could trigger old habits then don’t attempt it.
Why I only recommend Profit Accumulator
Profit Accumulator was one of the first companies on the Matched Betting scene back in the early 2000s. They have built an excellent website that has a vast array of resources that are updated regularly and have fantastic staff on hand to help with any queries or problems you might have. There are a multitude of other Matched Betting websites that have popped up over the years but you will only ever see me work with and promote Profit Accumulator for Matched Betting because I trust them to look after their customers, give the correct information and find the newest and best deals for their members
Ready to get started?
Matched Betting as a side hustle may not be for everyone but if you are willing to put the time into getting your head around the basics then it is a sure-fire way to make good profits quickly! If you’re ready to take a closer look into what it entails then have a look at the post ‘How to get started with Matched Betting‘ which gives you info on and access to the walk throughs of your first two free offers.
Profit Accumulator is a subscription based site but you get a free trial to test it out*, they give you access to two offers that can earn you up to £45 and monthly membership after that is only £17.99 a month (PLUS you can even use cashback sites with some of the signup offers so make even more free money as you’re going along!)