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In uncertain times, nothing puts you at ease quite like solid income. That is exactly what matched betting is doing for thousands of individuals – giving some financial breathing room.
As with all things that describe themselves as a ‘second income’ or ‘online income’, there is always a bit of scepticism as to how much can actually be made. Matched betting, however, makes no false claims on how much can be made and that is what we are going to demonstrate in this article. Showing you how to simple it is to make £100 in one afternoon – and then much much more in the future.
How does it work?
Now, you might think that matched betting is a very complex concept. In reality, to learn the process takes less than an afternoon – and, on top of that, you get to earn while you learn.
So, let’s say you have around £200 left of your monthly pay cheque and you are debating putting that into your savings account – should you do it? Well, no, not while matched betting exists. Thanks largely to Covid-19, you’ll be lucky to get an interest rate of 1%. With inflation rates taken into account, any money saved at the moment is actively losing value. You need to be making this money work harder. So, what if we used this £200 for matched betting?
Important point: There’s no gambling or risk!
Matched betting is no more a risk to your £200 than sticking it in a savings account. Matched betting is risk free. So, let’s ‘invest’ this £200 in matched betting for an afternoon and see what happens. If any of the following is a little confusing, we highly recommend you check out MoneyMagpie’s Matched Betting Guide – which gives explanations for all the terms used below, some of which may be unfamiliar.
We start by putting £160 into a Betting Exchange (for this example we will go with Betfair). Now, this may seem a bit scary, but your money is completely safe in a betting exchange. The role of the Exchange organisations is that they allow us to bet against an outcome occurring. So, whereas a bookmaker would only allow you to bet on Chelsea to win, an exchange allows you to bet against Chelsea winning. We use this to remove any risk that comes from betting with a bookmaker – because the exchange can be used to offset the bet.
So, now we have our exchange sorted, which should take no more than 15 minutes to set up, it’s time to start doing bookmaker offers the matched betting way! This is what we are going to be using the remaining £40 of our £200 on. It will be used to open up the below bookmaker accounts so we can complete their welcome offers and make a guaranteed profit.
Let’s say that our afternoon is going to be 5 hours long. So far, we have spent about 1 hour learning the basic concept of matched betting and 15 minutes setting up our betting exchange account. Now it is time for the matched betting offers:
|Bookmaker Offer||Deposit (£)||Time spent||Profit|
|Sky Bet||£5||15 minutes||£15|
|William Hill||£10||20 minutes||£25|
So, including our 1 hour and 15 minutes to learn the basics and set up an exchange account, in under 5 hours we’ve earned £101 with 1 hour and 50 minutes left to decide what you are going to spend it on. In terms of an hourly wage, that is over £20 per hour!
When you compare this to the amount you would have made from a 1% annual interest on £200 in a savings account (ie £2!), I think we can agree there is only one choice to be made here.
Is it sustainable?
At this point you might be thinking. Ok, fine, that is a decent amount of money but surely, when you run out of bookmaker welcome offers to complete you can no longer make money, right? Well, luckily for matched bettors, the opposite is true.
You see, bookmakers give out offers to existing customers as well as new ones – these offers are called reload offers, and these are what sustain a matched bettor’s consistent income.
A recent example of a reload offer from Bet365 was them offering a ‘free in-play bet up to £50’. Amount of guaranteed profit for this one – £45. Total time to complete the offer – 5 minutes. This is just one example out of the hundreds that are available each week.
Matched betting is as close to free money as you could hope, and with the world being as messed up as it is right now, you need to be earning every penny possible.