I started Matched Betting in 2009 and have made myself a tidy sum over the years. It is the most profitable of my money making side-lines, but it is also the most complicated. It takes a little time to learn and is definitely not something than can be rushed into.
Matched Betting is a way of taking advantage of the sign up offers that bookies lure you in with when you register an account and place a bet. However, as you will soon find out, it is not limited to sign up offers as afterwards come re-load offers as well as casino bonuses which can also turn a profit. It is done by carefully calculating bets with the help of spreadsheets and placing them in order to guarantee a profit regardless of the outcome of the event that the bet is being placed on.
There are many websites that explain matched betting, including Oddsmonkey and Profit Accumulator which will guide you through the process step by step, have their own dedicated forums and some useful spreadsheets. But there is a monthly charge (around £18) to use these sites after the initial trial period.
However, 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 both of 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 and there are some missing features – for instance, the more advanced calculators, but you really don’t need these at the start of your matched betting career. Also, beware that these websites are funded by affiliate links and you may not necessarily 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.
You can also do this completely independently, as I did, by perusing the free information on the Money Saving Expert forum. All you need to start off is a bit of time to 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 in the forum. There is also Ultimatcher, a free spreadsheet which I have found invaluable in order to calculate my bets and to keep track of where my cash is.
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 from not much effort at all. I know from reading others’ experiences that it is possible to make a lot more than this if you have the spare time to commit to it!
Thanks for reading!