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There’s never been a better time to start matched betting than right now.
It’s a great way to make money from home and earn an extra income – something particularly welcome during this weird (and financially unstable) time.
It’s simple to start and, once you get the hang of it, you can make hundreds on a monthly basis to boost your bank balance.
Best of all, all earnings are completely tax-free!
In this “matched betting for dummies” guide, I’ll tell you all you need to know to start matched betting today – including:
- What Is Matched Betting?
- Is Matched Betting legal?
- How much can you make from Matched Betting
- Is Matched Betting Suitable for Everyone?
- How long does it take to start Matched Betting?
- Where to learn about Matched Betting
- Matched Betting advice before you start
- More Side Earners to Try
Let’s dive right in:
In short, matched betting is a way of making money using the free bets and promotions that online bookmakers offer to bettors.
However, despite the mention of ‘betting’, and the use of betting platforms, it is NOT gambling.
That’s because, when done correctly, you cannot lose.
Unlike conventional betting where you place a bet on your preferred outcome and hope to win, matched betting covers ALL outcomes – so you can’t lose! This means no matter the result, you profit from free bets every single time.
You do need to deposit some money to get started.
The amount you deposit can be as little as £10.
Don’t worry, you won’t lose this money. Depositing this money into your bookmaker and betting exchange is how you trigger the free bet promotions that you profit from.
Here’s how it works:
You split your £10 placing a £5 bet in your bookmaker and a MATCHING £5 bet on a betting exchange – where you place bets against other people, rather than a bookmaker.
So, let’s say your £5 bookmaker bet is on Liverpool to win in their upcoming match against Manchester United. Your remaining £5 betting exchange will be on Liverpool not to win, essentially cancelling out your bets.
By making this bet, not only do you win your money back, you’ve also trigger your free bet promotion to repeat the process.
In the end, you should be able to cash out with a small amount of profit on top of your £10.
And there you have it: you’ve covered all outcomes – win, lose and draw – using two bets for the price of one, so you’re always going to win!
It’s completely understandable to be sceptical about matched betting to start out.
It sounds too good to be true, right?
But it is 100% legal.
Over 200,000 people make money online from matched betting in the UK – and that number is growing fast.
What’s more, matched betting has received national coverage in Britain’s most respected publications – including The Sun, The Guardian, The Telegraph and Financial Times.
The reality is that matched bettors are simply taking up the bookmakers on their overly generous free bet promotions.
This really depends on a few factors:
First, how much time you’re willing to spend finding and completing free bets and offers.
It goes without saying that the more time you spend doing that, the more money you’re likely to make.
Secondly, the value of the offers are important. Some offers provide more profit than others.
New matched bettors will start off with ‘welcome offers’ – which are the free bets and bonuses bookmakers offer when you make your first bet with them.
They’re typically very good value with double-digit profits for each.
After the bookmakers’ welcome offers, you can keep making money from ‘reload offers’.
These are the additional offers bookmakers send to bettors to keep them coming back and betting with them.
So, all things considered, it’s not uncommon to make hundreds on a monthly basis.
Matched betting really is a fantastic way to make a sustainable monthly income from home.
Provided they’re over 18 years of age, then absolutely anyone can profit from matched betting.
Well, it’s because you don’t need any sports knowledge or betting experience to do it.
The outcome of the event is irrelevant – you’re covering every possible outcome of the event anyway.
All you need is the desire to earn an extra income and the right matched betting service to help you if you’re just starting out.
The first thing to note is that the timeframe will depend on your experience of matched betting.
If you’re completely new to it, though, then from learning the basics required to complete your first offer to completing your first offer will take about 70 minutes.
This estimation is based on the average time it’s taken for new matched bettors to start down the years.
Here’s how it breaks down:
To learn the principles of matched betting, it will take up to 20 minutes.
There are matched betting services that provide great guides to help you build your knowledge.
Once you’ve learned the basics, set aside 30-40 minutes to become familiar with completing your first offer.
It can be tempting to just launch yourself straight into it. But rushing in is a big reason some matched bettors make mistakes that can cost them profit.
Finally, sign up to your betting exchange and first bookmaker. Altogether, that usually takes no longer than 10 minutes.
Then you’re all set!
Matched betting is really simple. Anyone can make the most of free bet sign up offers and bonuses to make profits.
If, however, you want to supercharge your profits by completing them in the quickest, simplest way possible, then I recommend using Team Profit.
Team Profit is the UK’s most popular free matched betting site.
That’s right – it’s COMPLETELY FREE to use.
And when you join, you get:
- Welcome offers worth expected values of £600+ in tax-free profits
- Easy learning video and text guides to help you start matched betting in 30 minutes
- Best-in-class matched betting tools make it quick and easy to complete offers
- Friendly support, seven days a week via Facebook, email and live chat on their site
Since they were established in 2016, Team Profit have helped over 30,000 people make money online and are rated “Excellent” on Trustpilot with a rating of 4.9 out of 5 stars.
So if you have any matched betting questions, or you want to start your journey into the profitable world of matched betting, visit Team Profit today.
Matched IS NOT a get-rich-quick scheme.
It’s also not a substitute for earning a stable wage in a job.
Because, as explained previously, profits may vary in size.
One month you may make £400. The next month, it may just be £200.
Moreover, though matched betting is completely legal, bookmakers frown on it because bettors are using their promotions to make money from nothing, essentially.
This can sometimes lead to bookmakers refusing to send future offers to your account indefinitely, so you end up having fewer offers on an ongoing basis and, thus, fewer profits.
Treat matched betting like a quick and simple way to make money from home that acts as an extra income to what you already earn.
There are other alternative ways to earn an extra income beyond matched betting.
Try these side earner ideas to boost your income.