Matched betting is something I am seeing more and more from UK bloggers working from home. Since being invited to join the UK Money Bloggers Facebook page I’ve seen many people earning enough money to pack in their day job and work online from home for a living instead.
As my goal is to travel the world as a digital nomad within the next 15 years, it is something that I simply couldn’t ignore.
How does matched betting work?
To get started you will need to open a new account at your chosen bookmaker. For this example let’s say you have used Coral. Place your first bet, which is known as the qualifying bet. You would then go to an exchange such as Betfair to lay the bet. Laying the debt means that you bet on a different outcome to you original bet.
So to explain that properly. If you place a bet on Manchester United to beat Liverpool at Coral, you would lay the bet with Betfair by placing a bet on Manchester United not to win – this doesn’t mean you bet on them to lose, by betting on them not to win you’re covered if it’s a draw. So if they lose or draw you win the bet with Betfair and should United win you’ll win the bet with Coral. Either way, you’ve won the bet and you’ll now qualify for the freebie they offered you to join, now you have made your first £20 bet.
You don’t have to sit there searching through thousands of bets to find the right one either, by joining Profit Accumulator all the work is done for you. It tells you what to bet on and how much.
How much do I need to start off?
I’m reliably informed you can start off with as little as £60, other people I have spoken to have started with anything up to £200. Personally when I start this at the end of the month I’ll be starting with £60.
How much can matched betting realistically earn you?
Again, I have took the advice from others who have been doing this for a while and the general consensus is as follows:
- 15 -30 mins a day would earn you roughly £500.
- 30 minutes – 1 hour a day would earn you roughly £1,000.
- 1-2 hours a day and you can expect to earn around £2,000.
All the guys I have spoken to about it are earning a minimum of £1,000 a month each, with some who put a lot more time into it earning considerably more. Seems like a bit of a no brainer to me.
Stick to the tried and tested formula
It is important to remember that match betting only works if you use the tried and trusted formula. If you start deviating away and don’t lay your bets then there is a big chance you will lose your money. There is a formula for a reason so stick to it!
What happens when I have used all the offers?
There will come a point when you have used all the sign up offers available, but the bookies offer reload offers to tempt you into placing a bet. When the football season starts the experts say there are plenty to choose from.
Profit Accumulator will keep you up to speed on these offers so there is no need to panic thinking you might miss them.
Sign up to Profit Accumulator
Everybody I have spoken to who is making a success out of this is using Profit Accumulator. You can complete your first two offers for free, then after that you would need to be a fully paid up member.
You can pay a monthly fee of £22.99, or pay up for the year for £150 which is a massive saving of over £125! It offers instructional videos, sign up offers and reload offers. Hey if it can earn you £2,000 a month, that fee will seem like a very good investment. Profit Accumulator offers you continuous support, even offering a money back guarantee if at any point during the first 30 days if you decide matched betting is not for you, or you haven’t made any profit.
Open a separate bank account
This helps to really separate your earnings from your main account. It’s especially important to do this if you are planning on applying for a mortgage, lenders would not look favourably on somebody who had a series of bets being paid to a bookmaker, it could make you appear a bit of a gamble not worth risking a mortgage to.
If you want to completely avoid a credit check all together when opening an account, icount Money can open you an account without the need for any credit checks. You can usually get your sort code and account number in minutes too!
My disposable income for this month is already accounted for so I will be joining Profit Accumulator at the end of the month. I’ll let you know how I get on, if I can manage to turn this into a £2,000 earner a month, I’ll be on my way to my first property much quicker than anticipated!
Have you ever tried matched betting?
He is also a contributor to Clear Debt, ICOUNT Money and M1 Debt Advice blogs discussing all things personal finance.