This simple matched betting guide aims to teach you how to make money from matched betting. If you are interested to boost your bank balance with a tax-free income, matched betting is for you.
Even if you have never placed a bet before you can make a profit straight away with matched betting. The only restrictions are that you have to be at least 18 years old and live in a country where sports betting is legally allowed.
To ensure Monethalia stays free of charge, this post contains affiliate links.
Simple matched betting guide for beginners
What is matched betting?
Matched betting is not gambling. It is a method that allows you to make a guaranteed profit from bookmaker promotions. Instead of gambling, you lock-in a profit of 70%-80% of the total value of the offer no matter the outcome of the bet. You do this by placing a bet both for and against a given outcome.
With matched betting, you win even when your bet loses. Therefore, there is no risk of losing money other than through human error. You also will not become addicted as there is no excess dopamine release (you will not feel a “kick”).
With matched betting, you can earn a tax-free income from home. You can work in your own time and be your own boss.
Is matched betting legal?
For the vast majority of my readers, including everyone based in the UK, the answer is “yes”. In some countries, sports betting is illegal, and, therefore, you cannot do matched betting. Here is a list of countries in which betting is not allowed.
If sports betting is legal, then matched betting is also legal. This is because all you are doing is placing bets.
Can I do matched betting if I want to take out a mortgage in the future?
Yes, you can. For mortgages, lenders will look at your bank statements from the past three months. Therefore, you can either take a break shortly before you intend to apply or open a separate bank account.
Does matched betting involve any risks?
I am a strong believer that only a few things in this world are truly risk free. I am not going to tell you that going to the supermarket is risk free as you may be hit by a car on your way. Matched betting is, however, very low risk when done right.
Sources of risk in matched betting
There are several ways you can mitigate the risk of matched betting. If you adhere to the following points, you are unlikely to end up at a loss:
- Ensure you understand what you are doing before you do it
- Read the Terms and Conditions of every offer
- Avoid signing-up with dubious bookmakers
- Double-check everything you do
Note that there are advanced matched betting techniques beyond the scope of this simple matched betting guide that may result in you temporarily losing money. As a beginner, you should avoid these offers.
Most of the risk of matched betting comes from human error. If you are careful with what you are doing, you are unlikely to lose any money.
How much can I earn with matched betting?
Your earnings depend on three factors:
- Starting bankroll
When you are new to matched betting, you start with easy sign-up offers. These are the most lucrative offers and you can easily make £1,000 a month with a few hours’ worth of work. Once you are signed-up everywhere, you progress to reload offers. You can still make good money but it may take you slightly more time.
Below are my profits during my first year of matched betting. I am working full time and placed all my bets after work (1-2 hours a day) and weekends (0-4 hours a day). I started with just £10 and have now made over £10,000 from matched betting.
How can I profit from matched betting?
There are different types of others which may require different techniques to profit. To keep it simple, my simple matched betting guide will explain the most common offer you will encounter during the sign-up phase, a “Bet and Get” promotion.
Here, the bookmaker offers you a free bet if you bet a certain amount of money. To release the free bet, you must first place a normal bet (trigger bet). Normal punters would simply bet on an outcome they believe to be the most likely to occur. M
Laying is a core principle of matched betting and means that you place a second bet against the outcome of your trigger bet. Therefore, no matter the outcome, you end up with only a small loss due to the difference in the back and lay odds.
Example for my simple matched betting guide
For example, for a £10 trigger bet you would expect to lose up to £0.50. You will then receive a free bet—let us assume this is also £10. With the principle of backing and laying you will make around £8.00 from this free bet. This is independent of the game result. Overall, this offer earned you £7.50 (£8-£0.50).
Still confused? Profit Accumulator has a ton of free guides and training videos that explain the concept in more detail.
How to start matched betting
Starting matched betting is easy. As described in this simple matched betting guide, you do not need much. The first step is to sign-up with a matched betting service. These will provide you with free training and help you to make your first profit (around £30-£40).
There are two matched betting services and every matched bettor is a member of one of them. These are
Personally, I am with OddsMonkey but I am now recommending any beginner to join Profit Accumulator. This is mainly because it is more beginner friendly and allows you to make more money from easy offers (comparison here).
After your free trial, the premium membership with either Profit Accumulator or OddsMonkey will give you access to the oddsmatcher. This is an essential tool for matched bettors as it tells you, in simple terms, which matches to bet on for maximum profit.
Where can I find support and help?
Feel free to send me a message if you have any questions. You can also leave a comment below. Profit Accumulator also has a support team that will help you with any issues.
Simple matched betting guide for beginners summary
This simple matched betting guide aims to make matched betting more accessible. Matched betting is a tax-free way to earn extra income from home. Everybody can learn matched betting, even if the concept may sound confusing at first.
To get started, click here and sign-up for your free Profit Accumulator trial.
Once you have started matched betting, you make sure to read my top matched betting tips for maximum profit.
You may also like
My top matched betting tips will help you to supercharge your matched betting profits. Matched betting is a popular method to make tax-free money...
This is the guide about low-risk casino offers I wish I had when I started. Prior to making a profit from low-risk casino offers, I had never bee...
Matched betting and coronavirus: Is now a bad time to start this side hustle? COVID-19, known as coronavirus, has led to many sports events being...
With matched betting, I supplement my income and in this post, I will show you where My May matched betting profits came from.Matched bettin...
How much profit did I make?My March matched betting profits amount to a stunning £1,354! Or £6,443 in seven months. Bear in mind I started wi...
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 profi...
Matched betting with gubbed accounts can be difficult. People therefore often think their matched betting career is over when they receive their ...
This OddsMonkey vs Profit Accumulator will decide once-and-for-all which matched betting software is superior. Matched betting is a popular metho...