I’ll admit it, I hadn’t heard about matched betting until a few weeks ago, after making £13.19 in less than 30 minutes, it’s certainly something I’m going to be doing a lot more in future.
I consider myself to be someone who reads a lot, especially in the earning money space, so it was a bit of a surprise to me that I hadn’t heard of it. However, it looks like the term has gained a lot of popularity in the past few years according to Google:
What is Matched Betting?
Put simply, matched betting is turning the free bets that gambling companies use to entice people in, into cash.
Most of the top gambling companies will have some kind of welcome deal, like Bet £10 and get £30 in free bets. What matched betting allows you to do is take advantage of this offer to make free cash.
I thought the best way to demonstrate would be to show you exactly what I did, as a total beginner.
The first step was to signup to a betting exchange, I chose Betfair as it’s one of the most popular.
Next, you sign up to a betting company – I chose to signup to Coral as they have an offer of bet £5 and get £20 in free bets
You have to take a look at the small print and I followed steps from a site called OddsMonkey to make sure of things.
I bet the £5 for Team A to win on Coral and then bet for Team A not to win on Betfair at the same odds. I lost about 20p because of the commission you pay Betfair but that 20p loss earned me £20 of free bets.
It’s then a case of repeating the process of betting on an outcome on Coral and betting against the same outcome on Betfair for these subsequent £20 worth of bets.
This netted me a nice £13.19 profit in just 25 minutes, giving an hourly earnings rate of roughly £32/hour, and that includes taking screenshots! It’s definitely not something to be sniffed at and it’s also tax-free!
The great news is that there are tonnes of bookmakers offering these kind of introductory offers which give you the opportunity to apparently earn over £1,000. I’m going to put this to the test and track how it goes.
Hopefully, this can open up another earnings avenue for me and might help you out too.
Until next time,