Last updated in October 2020
How much money can you make from matched betting? This is a commonly asked question. Many people are curious about matched betting and its earning potential. However, the claims and profit reports you can find online are often exaggerated.
Additionally, the earning potential varies and depends on many factors. How can you correctly estimate how much money you can make from matched betting? This post will provide you with an estimate and highlights the factors you need to consider.
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Table of Contents
How much money can you make from matched betting?
What is matched betting?
Matched betting is an easy way to earn extra money from home. It provides a tax-free income and only takes a couple of hours’ work. Importantly, matched betting has nothing to do with gambling.
Factors influencing matched betting income
The amount of money you can make from matched betting depends largely on your experience. Interestingly, this is a U-shaped curve. Complete beginners are likely to earn more than those on an intermediate level.
Experienced matched bettors have the highest earning potential but after a while, the matched betting income may decrease again.
New matched bettors tend to start slow with small profit as they are learning about the concept of matched betting. After about a week, they often see a dramatic increase in matched betting income. Because they are completing sign-up offers, there is easy money in abundance.
Once matched bettors have exhausted the sign-up offers, they commonly experience a drop in matched betting profit. This is because they have to learn how to make money by themselves from completing reload offers. Some matched bettors fail at this stage and stop matched betting.
However, those who continue can expect to make even more than before from reloads. For a while, they continue to make good profits until their accounts start to become restricted (gubbed).
When losing their accounts, many matched bettors see a drop in their matched betting income. The reaction to this differs, some learn advanced techniques and continue to make high profits for many years. Others explore other side hustles and continue to make a low but sustainable income from matched betting.
The amount of money you start with is another important factor. I started with just £10 and made nearly £1k in my second month of matched betting. Others start with more money and will, therefore, make more money in a shorter period of time.
Below is an estimate of how much money you can expect to make depending on your bankroll. This is only a very rough estimate as the exact amount will also depend on other factors, such as your bankroll management.
|Target profit||Required minimum bankroll|
The golden point of maximum profit with the least amount of bankroll probably lies around a £400 bankroll. This is because you require a minimum amount so that your exchange account does not run out of money. On the other hand, making a profit above £1k requires much more money as you have to complete less profitable offers.
Again, this is only a very rough estimate and your personal matched betting income will likely be different.
The amount of time you can spend on completing matched betting offers is another factor to consider. Overall, one to two hours matched betting every day, and maybe some more time on the weekend, will yield around £1k of profit.
You can spend less or more time on matched betting and your profit will vary accordingly. Obviously, time is not the only factor though, and arguably one of the less important ones.
Matched betting service
The matched betting service you use can also influence your profits. For example, Profit Accumulator (free trial here) has the most reload offers of all matched betting websites, enabling you to make the most profit from matched betting.
The amount of reload offers a website has to offer is important because the more offers you can complete, the more you are likely to make. This is especially important during the off-season when there are generally fewer offers available.
The time of the year will influence the number of offers available. Thus, it will have an impact on your matched betting income. The most profitable months for matched betting tend to be:
- March (Cheltenham)
- August (football recommences)
- December (Christmas offers)
The summer months tend to be quieter while football is on hold. Additionally, unpredictable events such as the COVID-19 pandemic also impact the offers that are available.
Matched betting income reports
In my first year of matched betting, I made just under £10k income from matched betting. This was in 2018/2019 so it may not be fully applicable to the current times. Nonetheless, it may give you an indication of what you can expect to make as a beginner.
There are many people who exaggerate their profits to boast. It is important that you do not believe any such baseless claims. If you ask these people what types of offers they complete, you can often find out whether they speak the truth.
Some matched bettors do make a vast amount of profit. The highest I know of is £20,000 per month. But you are unlikely to make anywhere near that much unless you are very skilled and dedicated. Anymore than £3k per month is probably unrealistic for most matched bettors.
How much money can you make from matched betting? summary
Matched betting is a method to make tax-free money from home. When you start matched betting, you can make profit straight away, with the exact amount depending on many factors, including:
- Matched betting service
Additionally, your profit also depends on whether you are using multiple accounts.
In the long-term, you can expect to make anywhere between £300 and £3,000 a month depending on your circumstances. In extreme cases, you can make more but most income reports beyond these numbers are likely artificially inflated.
If matched betting is not for you, you may be interested in nine other side hustles that will make you £1,000 per month.
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