Matched betting is a popular way to generate a tax-free income from home and my April matched betting profits highlight this. I made a £975 profit just this month from matched betting from home, in my own time. That is £7,417 total in my matched-betting career, which amounts to eight months now.
Read up on the matched-betting basics here. If you have already started, you can use the offers I completed as a guide and inspiration on how to keep matched betting profitable long term. You may also wish to check out last month’s profit report.
To ensure Monethalia remains free of charge, this post contains affiliate links.
This month, only one of my accounts became restricted (gubbed), 888casino. I have never received their reload offers anyway so I decided not to count this. Additionally, 21bet launched their new website and naturally, I signed up again. They had previously gubbed me, but now I seem to receive their offers. Hence, I am back to 21 gubbed accounts. We will see how long this lasts! Find out how you can make the most of your gubbed accounts.
What offers did I complete?
Horse racing is the third biggest contributor to my April matched betting profits. The Grand National definitely helped with Bet365’s generous offer of which I made £100 profit. Had I managed to get an extra-place pay-out, I would have made another £300-£400. Hopefully, I will manage next year!
Other than the Grand National, my profits mainly came from regular racing offers. I find these using the OddsMonkey Racing Matcher and do all offers except those where the horse has to be second by a length/head or fall. In my experience, these two offer types do not pay off as the events rarely happen. Ladbrokes and William Hill also offer odds boost which I sometimes use to crease small arbitrages (arbs). Surprisingly, Ladbrokes kindly lets me do this even though I lost my Coral account way back in January.
For my readers who still have the relevant accounts (not me), some bookmakers offer a free bet when your horse places second to the starting price (SP) favourite. If you want to attempt these, ensure you use very close odds as essentially with this offer you have to correctly predict the winner and the second place.
Football has been quiet for me this month. I do not have access to many easy free-bet offers due to being restricted with most of the main bookmakers. Most of my profits in this category came from Bet36’s 2up promotion, although I was not overly lucky with it this month. Additionally, JenningsBet was a huge contributor with their 80th-minute refund promotion. Of note, you can also do this offer at Betstars if you still have them (unlike me). Bethard’s Easter Calendar is also worth mentioning, albeit not hugely profitable, it was a nice addition to my daily routine.
There are a few smaller offers that I also regularly do. Betfair’s £5 free bet for a £10 bet on the exchange, Paddy Power lock-in and in-play bets from Jennings, GoWager and 7BestBets. This is obviously not an exhaustive list, but hopefully will give you ideas of what to do.
Other than the above-mentioned offers, I also made about £50.00 from price boosts in April. This may not sound like a lot, but price boosts are easy and quick to do. I find them on the OddsMonkey No Chat price boost thread and complete as many as I can. My criteria for price boosts are as following: only bookmakers that I am not restricted with (obviously), at least £0.50 per £10.00 staked profit, and only one price boost per bookmaker per day. The exception to this is William Hill. Their price boosts are very lucrative and even a stake of £1.00 (my limit) can make a reasonable profit.
The money lost on other sports is mostly due to placing trigger bets for William Hill’s Scratch of the Week. Money gained in this category solely comes from price boosts.
Low-risk/no-risk casino slot offers were my biggest earner this month. I had one big win of £90.40 from the risk-free bwin daily offer. Even though this had a wagering requirement of x35, I managed to walk away with a big profit. This is because I complete bwin’s risk-free offers (Scratch Card, Hi-Lo or Coin Flip) daily. Most days I end up with nothing or a few pennies profit, but being patient really pays off.
The remainder of my profits in this section came from free spins and the recurrent weekly or daily slot offers. I find these offers on the Daily Offer list or the No Chat casino thread on OddsMonkey. From these offers, I only complete those without wagering requirements on free-spin winnings. There are also profitable offers with wagering requirements but as I am limited by time, I usually ignore them. Learn how to complete low-risk casino offers here.
This section is comprised of all casino offers that are not slots. Some profit in this section is due to free scratch cards that I got from the daily free offers. The rest originates from Blackjack. I also had one deposit offer from VirginGames but only made £4.00 of it.
Not much going on here! BuzzBingo did not grace me with any more free money so my bingo profits are entirely due to Mecca’s BOB offer. This offer has sadly now been made unprofitable by Mecca themselves.
The miscellaneous category contains my OddsMonkey fee of -£12.50 per month and money that is either missing or extra when I audit my accounts. This month nothing exciting happened here. Note: I am using annual billing at OddsMonkey and pay my saving account back in monthly installments.
How much time did I spend on matched betting?
As I mentioned last month, I had planned to reduce my time spent on matched betting. I am in full-time employment and also want to develop Monethalia while at the same time completing job applications. Easier said than done as matched betting is part of my daily routine and I cannot walk away from free money. Overall, I still spent 10-18 hours per week on matched betting. I do not time myself so this is more of an estimate.
April matched betting profits: conclusion
Overall, I am happy with my April matched betting profits. The money will go into my financial independence and early retirement (FIRE) fund and £5,000 will be left in my matched betting pot, as usual. Reviewing this month’s offers, I definitely slacked on extra places. These can easily be found using OddsMonkey’s extra place matcher but it requires a bit of time to watch the odds and strike at the best possible moment. It is my own laziness that prevented me from profiting from extra places this month. I also have much more potential to profit from horse racing offers, as I currently only complete these on weekends due to work.
Should I have inspired you to start matched betting yourself, you can read up on the basics and sign-up for your OddsMonkey trial. The membership essentially pays for itself as you will have access to the OddsMatcher, a vital tool for matched bettors and pay no fee at most Exchanges.
Click here to find out how I did in May.
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