This post will teach you what you need to know before starting matched betting. I also outline the best way to get started. If you are interested to boost your bank balance with a tax-free income, this article is for you! Even if you have never placed a bet before you can make profit straight away with matched betting. Please note that you have to be at least 18 years old to participate in matched betting.
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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. This may sound strange, but with matched betting you win even when your bet loses. Most bookmakers offer a welcome promotion for new customers, which usually translates to easy money (sign-up phase). After signing-up, bookmakers want you to keep betting with them and offer further promotions (reload phase).
With this method, you can earn a tax-free income from home. You can work in your own time and invest as many or little time as you want. This makes matched betting ideal for stay-at-home mums, students, and essentially everyone else.
Is matched betting legal?
Yes, it totally is! All you are doing is placing
Are there any risks involved?
Many websites will tell you that matched betting is
How can I profit from matched betting?
There are different types of others which may require different techniques to profit. To keep it simple, I will explain how to profit with the example of 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. For example, if you backed Arsenal to win as your trigger bet, your second bet would be against Arsenal to win. Therefore, no matter the outcome, you end up with only a small loss due to the difference in back and lay odds. For example, for a £10.00 trigger bet you would expect to lose up to £0.50. You will then receive a free bet—let us assume this is also £10.00. 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 (£8.00-£0.50).
You can also profit from low-risk casino offers. With these offers, you take advantage of bonuses given out by the casino. Read my comprehensive guide if you are interested in this.
How much can I earn?
Your earnings will depend on three factors: time, experience and the amount of money you are prepared to invest. During the sign-up
After a while, some of your bookmaker accounts are likely to become restricted. However, with my guide, you can still profit from them.
How can I get started?
Personally, I recommend signing up to OddsMonkey. OddsMonkey will teach you how to make up to £45 during a £1 trial period. They have a wealth of guides available that will teach you about the concept of backing and laying. OddsMonkey will also walk you through the initial offers.
Please be aware that there are alternatives to OddsMonkey, the most prominent being Profit Accumulator. Personally, I use OddsMonkey and am happy with them.
At any time in your matched betting journey, you can start completing the daily risk free offers. These are totally risk free (caveat below) and may help you get used to using bookmaker and online casino sites. Note that as soon as you deposit your own money, it is no longer risk free. Do not take any deposit bonuses if you are a beginner.
Where can I find support and help?
You can shoot me a message if you feel you are stuck! I usually reply quickly but for any immediate help the OddsMonkey support team will be at your side. You can also leave a comment below!
How can I continue to profit after completing the sign-up phase?
After you have signed-up with a decent number of bookmakers, you progress to the reload phase. A lot of people experience an initial drop in profits and are unsure of what to do. Firstly, you can check out the Daily Offers list on OddsMonkey (or the Profit Accumulator equivalent). Secondly, you will find helpful information in my monthly profit reports (March 2019, April 2019, May 2019).
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