I started Matched Betting in 2009 and have made myself a tidy sum since then. Whilst it is my most profitable way of earning money online, it is also the most complicated. It takes a little time to learn and is definitely not something than can be rushed into.
What is Matched Betting?
Matched Betting is a way of taking advantage of bookmaker sign up offers. These offers are designed to entice you to register a new account and place a bet. However, as you will soon find out, matched betting is not limited to sign up offers. Afterwards come re-load offers, as well as casino bonuses which can also turn a profit. You will need to carefully calculate bets with the help of spreadsheets and place them in a way that guarantees a profit regardless of the outcome of the event.
How do I get started?
There are many websites that explain matched betting, including Oddsmonkey and Profit Accumulator. These sites will guide you through the process step by step and have their own dedicated forums and useful spreadsheets. However, there is a monthly charge (around £18) to use these sites after the initial trial period.
Are there any free websites that can teach me Matched Betting?
Yes, it is possible to access the same information for free with websites such as Freebets 4 all and Matched Betting Blog. In the same way as the paid websites, these sites contain up to date lists of sign up and reload offers, simple oddsmatching tools and basic matched betting calculators.
Admittedly, the information is not as comprehensively laid out as it is on the paid websites. There are missing features – the more advanced calculators, for example, but you don’t need these when you start out. Also, beware that most of links in these websites are affiliate links. You don’t really want the bookies to know that you are clicking through from a website that is dedicated to matched betting. It is worth considering sending a donation to the owners of these websites instead of using their links.
You can also learn Matched Betting completely independently, as I did ten years ago before these other sites existed. All the information you need is available on the Money Saving Expert forum. Start off with a read through the instructions and, if you are feeling a bit nervous, there is a questions thread for newbies here. When you have learnt the basics you can find a lot of the more complex methods on other threads in the forum. There is also a link to Ultimatcher, a free spreadsheet which can be invaluable to anyone starting out. It not only helps you calculate bets, but is also great for keeping track of matched betting funds.
Is it worth it?
Yes! There is a lot of money to be made in matched betting and I would definitely recommend investing some time in learning it. I completed all the sign up offers many moons ago and still bring in a minimum of £250 a month without very much effort at all. And I know from reading others’ experiences that it is possible to make a lot more than this if you have enough spare time to commit to it!
Thanks for reading. If you are interested in other ways of making money online – check out my other posts here.