What is matched betting?
Matched betting is a smart way to make money online without the usual risks associated with gambling. It’s all about taking advantage of the free bet offers that bookmakers give out. By placing two bets – one with the bookmaker and one against the same outcome on a betting exchange – you can guarantee a profit no matter what the result is.
How Matched Betting Works
To break it down simply:
- Find a Free Bet Offer: Bookmakers love to offer free bets to get new customers or keep existing ones happy.
- Place a Qualifying Bet: Bet some of your own money to unlock the free bet.
- Lay the Bet: Bet against your original bet on a betting exchange to cover all possible outcomes.
- Use the Free Bet: Once you get the free bet, place another bet and lay this bet on the exchange too.
- Secure Your Profit: Since the free bet didn’t cost you anything, the lay bet ensures you make money no matter what happens.
My Personal Journey with Matched Betting
I started matched betting with a service called Profit Accumulator, which later became Outmatched.com. This service was fantastic, offering all the tools and guides I needed to get started. It made everything easy to understand and follow.
Over time, I made over £2,000 in pure profit. This money came in handy, helping to cover solicitor fees and other costs when I was buying a house. However, I decided to stop matched betting because I was worried that the gambling transactions might affect my mortgage application. Despite stopping, I’m very grateful for the financial help it provided during that important time.
Sharing the Wealth of Knowledge
I was so pleased with my success that I shared the method with my work friends. One of them, who I now jokingly call a “jammy git,” managed to get a great Bet365 reload offer twice! He ended up making even more money than the rest of us and became our small group’s top matched bettor.
The Challenges of Returning to Matched Betting
One of the hardest things for me was getting back into matched betting after taking a break. When I first started, I enjoyed building my betting pot and seeing my profits grow. But starting again with a small pot and no more introductory offers was tough. Some experienced matched bettors might not find this a problem, but I often move from one project to another, so it’s rare for me to revisit old methods.
The Tax-Free Advantage
One of the best things about matched betting in the United Kingdom is that all the winnings are tax-free. That’s right – because betting winnings are not taxed in the UK, every penny you make from matched betting is yours to keep. This makes matched betting an even more attractive side hustle, as you don’t have to worry about paying a portion of your profits to the government.
Matched betting can be a very profitable venture if you have the right knowledge and tools. While it takes some commitment and effort, the financial rewards can be significant. My journey with matched betting has been one of learning and earning, and I hope that by sharing my experiences, others might find similar success.
Matched Betting: A Top Side Hustle for Making Money Online
If you’re looking for side hustles to make extra money, matched betting is a great option. Unlike many other online money-making methods, matched betting uses bookmaker offers to ensure a steady profit. For anyone searching for a reliable side hustle, matched betting provides a straightforward way to earn extra income.
In conclusion, matched betting is a fantastic opportunity within the world of side hustles, offering a systematic way to make money online. Whether you’re a beginner or looking for a new way to boost your income, matched betting can be very rewarding with the right approach and tools.
