Last updated in October 2020
This matched betting income report provides you with an overview of how I make money from matched betting. Matched betting has a huge income potential, especially when you are newly starting.
The amount of money you can make from matched betting greatly depends on how much time you have. Experience and bankroll are other important factors. I am doing matched betting part time so the amount I make is by no means the ceiling.
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Table of Contents
My first year of matched betting
I started matched betting in September 2018 with just £10. Initially, it was just curiosity that led me to start but matched betting quickly became my hobby and side hustle.
During my first 12 months of matched betting, I made £9,629. My profit for each month was as follows:
My success is mostly down to using OddsMonkey and cannot recommend their service enough. Without them, I would not have been able to make half as much as I did. This is because OddsMonkey takes the hassle out of matched betting by finding close odds for you and summarising the daily matched betting offers.
Matched betting income report
To illustrate where my matched betting profits come from, I will break down my profit of an average month:
On average, I make £304 from football-related offers. The majority of this comes from sports offers of the major leagues. 10bet and PartyPoker also generally gave me good reloads.
A few bookmakers (Will Hill, Betfred, PartyPoker, Betstars) offered long-term offers (place a bet on the top goalscorer market and get free bet for goals) resulting in a continuous influx of free bets.
Apart from this, I also did the regular football offers, mainly 2ups and bet and get offers.
I make on average £175 profit from horse racing offers. This money mostly came from second-place refunds and extra places. These offers, alongside others, can be found on the OddsMonkey Racing Matcher or Extra Place Matcher.
I normally do not get involved too much with other sports. Some bet-and-get offers are too good to pass, but usually, I use football or horses for the resulting free bet.
On average, £101 per month came from slot offers. The actual amount I made in each month is highly variable though. Some months I hardly did anything, some months I had bad luck and in others, I did a lot and won big.
I mostly complete low-risk casino offers but sometimes I venture into medium- or high-risk casino.
Slot offers I completed were mainly Galabingo’s happy wheel and Sky’s daily casino offer. For more slot offers, I look at the OddsMonkey Daily Offer list.
I do not make a lot from other casino offers. Mostly, I use blackjack for wagering and occasionally Ladbrokes gave me casino bonuses.
I am not a great fan of bingo, in fact, I hate it. Bingo has too much variance for my liking and the return to player (RTP) is not great either. However, I play free bingo nearly every day from the BuzzBingo free game.
When auditing my accounts, sometimes I find some extra money or I find out that I lost some money from matched betting mistakes. As I am £113 up in this category, I probably had a few best odds guaranteed (BOGs) that I did not notice.
Matched betting income report summary
During my first 12 months of matched betting, I learned a lot and you can benefit from this! I have comprised a list of my top 10 matched betting tips that will help you to earn more.
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