So, you have heard about matched betting and want to know the truth about how matched betting works?
Great, you’ve come to the right place. If you read through this entire article, then you will know everything important you need to know about matched betting, without all the crap in between.
I’ve made well in excess of £100,000 profit over the last few years from matched betting, and still continue to earn money from matched betting to this day. There is no reason why you can’t start making hundreds, or even thousands of pounds per month from matched betting too.
There is a lot of information about matched betting available online, but I can guarantee you that after reading this article, and following my recommendations, you will be able to start earning risk free, tax free profits from matched betting just days from now. Introduction over, let’s get in to it…
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- 1 What is matched betting?
- 2 How does matched betting work?
- 3 What is a back bet?
- 4 What is a lay bet?
- 5 How to do matched betting
- 6 How long does matched betting take?
- 7 Why do bookmakers allow matched betting?
- 8 How long does it take to learn matched betting?
- 9 How much money do you need to start matched betting?
- 10 Do you have to pay tax on matched betting profits?
- 11 Do you need to have any knowledge of sport or betting experience?
- 12 Do you need a separate bank account for matched betting?
- 13 How do I get started with matched betting?
- 14 How much money can you make from matched betting?
- 15 Is matched betting gambling?
- 16 Is matched betting legit?
- 17 Does matched betting affect your ability to get a mortgage?
- 18 Does matched betting affect universal credit?
- 19 Does matched betting affect other benefits?
- 20 Does matched betting affect your credit score?
- 21 How old do you have to be to do matched betting?
- 22 What is the best matched betting service?
- 23 What is the best VPN for matched betting?
What is matched betting?
Matched betting is a way that you can make money from bookmakers by taking advantage of offers and promotions that they use to entice, and retain, customers. These are usually in the form of free bets, but can also be from the likes of odds boosts and other promotions.
The best part about matched betting is that as long as you learn how to do it properly, and follow the instructions for every matched bet you place, you are not only guaranteed to make money, but it is essentially risk free.
Also, with there being so many online bookmakers these days, there is pressure to offer both new and existing customers as many free bets and bonuses as possible. This is perfect for us matched bettors, as we can use these free bets and bonuses to lock in guaranteed profit over and over again.
How does matched betting work?
In a nutshell, matched betting works by simply placing 2 opposing bets on the same outcome of a sporting event. These 2 opposing bets are called back bets and lay bets.
What is a back bet?
A back bet is a bet placed on the positive outcome of a sporting event, and is almost always placed using an online bookmaker. For example, betting £20 on a horse to win a horse race would be a back bet.
What is a lay bet?
A lay bet is the opposite of a back bet, and can only be placed on what is called a betting exchange. A betting exchange allows you to bet against the outcome of a certain sporting event. For example, betting £20 on a horse to lose a horse race would be a lay bet.
You’re probably thinking, how do you make a profit if one bet always wins while the other bet always loses? Well, matched bettors only place these bets when there is an offer or promotion that award some sort of free bet afterwards. These are very common with online bookmakers and are offered on a daily basis.
Once you are awarded the free bet amount, you then go through exactly the same process of placing a back bet and lay bet again. The only difference is that this time you use a simple matched betting calculator.
This calculates exactly how much money you have to place on your lay bet in order to lock in a guaranteed profit from the bets, regardless of the outcome of the sporting event.
Now, you may still be thinking what is this guy on about? I understand that it can be difficult to understand the process just by reading about it, and I don’t want to harp on for another thousand words explaining exactly how matched betting works in more detail when I can easily show you how it’s done in a simple step by step video…
How to do matched betting
I went from not knowing what matched betting meant, to making money from it only 2 days later. I done that by watching the exact videos I am about to recommend to you.
All you have to do is join this professional matched betting education site absolutely free, watch their excellent step by step video tutorials explaining and showing you exactly how you place a matched bet, and you will be good to go.
Honestly, watch the tutorial videos a few times over and then complete the first 2 free offers that are also on the site with full walkthrough videos, and you will not only have made around £45 in profit straight away, but you will know the process of how to execute a matched bet. Once you have done this once, you can do it a thousand times, it’s that easy.
So, click here now and join the site for free to access the training videos and the two free matched betting offers. By doing so, you are literally being paid £45 just to learn how to do matched betting.
How long does matched betting take?
On average matched betting can take from 15 minutes to 2 hours a day.
This depends completely on whether you are doing this in your spare time for some extra cash, or if you are doing it for a living full time.
To complete a straight forward free bet matched betting offer, it will take an experienced matched bettor between 5 to 15 minutes.
So, based on this, it just comes down to how many of these offers will you be completing per day? The more you do, the longer it will take, but the more tax-free profits you will make.
Why do bookmakers allow matched betting?
Bookmakers allow matched betting because the don’t have a choice in the matter. There’s no way an online bookmaker can tell a matched bettor from an ordinary mug punter, as long as you are not making it too obvious!
The other reason that bookmakers allow matched betting is that they are an unscrupulous bunch that need to keep tempting their losing customer base to come back and continue losing more money, that is literally the bookmaker’s business model.
The most effective way for them to achieve this is by offering customers free bets and promotions to keep them coming back for more.
Also, due to the massive number of new comers to the online gambling sector in recent years, the online bookmakers are under more and more and more pressure to provide better sign-up bonuses, and more ongoing bonuses to retain their customers.
This is music to the ears of anyone who is doing matched betting as it gives us more opportunities to take risk free profits from bookmakers over and over again.
I should make it clear that eventually there will come a day where the online bookmakers will either restrict you, or ban you completely, from taking advantage of their free bets and offers.
However, there is literally hundreds and thousands of pounds of profit to be made from each and every bookmaker in the time that it takes for them to do that.
There are also many things you can do to extend the amount of time that it takes for them to ban you, and ensure that you can extract the maximum amount of profit from them, including placing mug football accumulator bets and mug casino wagers etc. to make it look like you are an ordinary losing mug punter.
How long does it take to learn matched betting?
You can learn how to do matched betting properly in a matter of hours, the fundamentals are really not that difficult to learn, and once you know how to successfully place a matched bet, you are essentially just doing the same thing over and over again.
Click here to watch the best and easiest to understand training videos absolutely free, and then complete the 2 free matched betting offers to make your first £45 profit.
Do offers slightly differ in the details sometimes? Yes, but the fundamentals remain the same.
By being part of a matched betting community where the daily reload offers are researched, explained and provided to you on a daily basis, there is no need to have to do any of the leg work yourself. You just simply have to read the simple instructions and then complete the offer and then on to the next one.
How much money do you need to start matched betting?
You could probably start matched betting with as little as £50 if you really had to. However, the more money you have in your matched betting bank to start with, the more profit you can make, and most importantly, the quicker you can make it.
If you have a few hundred pounds to start with for example, then you can quickly get through 4 or 5 sign up offers straight away and get your profits flowing in quickly without having to wait a few days each time should your bets win with the bookmakers and you have to wait for withdrawals to hit your bank account to go again.
Some people also think that you need to have a laptop or PC to be able to do matched betting, this is not the case. Lots of people successfully do matched betting on their mobile phone, and make plenty money doing so.
Once you build your bank to above £1,000, which you should be able to do comfortably in your first month of matched betting, then things become a lot easier and smoother.
Do you have to pay tax on matched betting profits?
No, matched betting profits are technically classed as gambling, so are not subject to any taxation in the United Kingdom.
This is one of the main benefits of matched betting. So, if for example you are making £1,000 clear profit from matched betting every month, you get to keep the full £1,000 as pure profit every single month.
Do you need to have any knowledge of sport or betting experience?
No, all you have to be able to do is follow simple instructions and you will be successful at matched betting.
Do you need a separate bank account for matched betting?
No, you do not need a separate bank account for matched betting. However, I would highly recommend you have a separate account and debit card to use specifically for matched betting.
How do I get started with matched betting?
The fastest and easiest way to get started with matched betting is to join a matched betting community where you will receive training videos to get started, then every sign up and daily offer fully broken down and spoon fed to you on a daily basis.
The original, biggest and best matched betting site on the internet by far is Profit Accumulator. Click here to check out my Profit Accumulator review to discover how it helped me make over £37,000 in a single year.
How much money can you make from matched betting?
This is by far the most common question I see being asked from new comers to matched betting, and the answer is that you can make as little or as much as you want, depending on a number of factors.
If you want to get a more accurate answer based on certain circumstances, then check out some of my other articles where I answer this in depth:
Is Matched Betting Worth It?
How Much Money Can You Make from Matched Betting?
Can You Do Matched Betting Full Time?
Can You Do Matched Betting Part Time?
How to Make £500 per Month from Matched Betting
How to Make £1,000 per Month from Matched Betting
How to Do Matched Betting with Multiple Accounts (‘Gnoming’)
Is matched betting gambling?
No, matched betting is literally the opposite of gambling. As long as you follow the instructions provided in the free training videos properly, then you cannot lose money matched betting, you can only make money.
Will you make the odd mistake from time to time? Of course, everyone makes mistakes. However, if you have a problem with discipline or with gambling addiction, then matched betting is probably not for you despite it being guaranteed profit when done properly.
Is matched betting legit?
Yes, matched betting is legit. Not only is matched betting legit, but in my many years of being immersed in the make money online world, I have never known a way that is so easy, quick and accessible for literally anyone to be able to go from zero to making over £1,000 clear profit every single month.
That’s a bold statement but it’s 100% true, if you cannot make ends meet, or an extra £1,000+ tax free would make a big difference to your life, then you literally have no excuse not to do matched betting.
Does matched betting affect your ability to get a mortgage?
No, as long as you use a separate bank account and debit card from your main bank account.
The reason for this is because when you apply for a mortgage, or a remortgage, the lender will usually request 3 months’ worth of your bank statements. Having multiple transactions between dozens of bookmakers will not look good to the lender, especially if they don’t understand matched betting.
So, to be on the safe side, it is best to always use a separate account and card to do all your matched betting transactions. This also makes it easier to track your profits too, so it’s a win-win.
Does matched betting affect universal credit?
The only way matched betting would affect your universal credit claim is if your earnings from matched betting takes your savings to over £16,000.
Since matched betting is technically classed as income from gambling, it does not count as taxable income, so in that sense it does not affect your universal credit eligibility.
However, one of the eligibility requirements of receiving universal credit is that you cannot have in excess of £16,000 in savings. If your earnings from matched betting pushes your savings over the £16,000 mark, then this may affect your universal credit eligibility.
So, if you are currently claiming universal credits, it’s probably a good idea to ensure that you don’t save all of your matched betting earnings to the point of your savings exceeding £16,000.
Disclaimer: This is just my opinion based on what I read from the government website at the date of publishing this article, eligibility may change and you should contact HMRC to get confirmation of this if you are unsure and worried about it.
Does matched betting affect other benefits?
Matched betting does not officially count as taxable income, as technically it is profits from gambling, which are not taxable under UK law.
So, unless you are receiving benefits where the eligibility depends on you not having a certain amount of money in savings, then you should be fine. Again, if you are unsure or worried, then contact HMRC to get confirmation of this.
Does matched betting affect your credit score?
No, matched betting does not affect your credit score. Your credit score is based on borrowing and your ability to pay your debts in full and on time.
You cannot accrue any debt or liability from matched betting so it cannot affect your credit score.
How old do you have to be to do matched betting?
You must be 18 or over to be able to legally do matched betting in the UK.
What is the best matched betting service?
The best matched betting service online is Profit Accumulator. They are by far the biggest and most established matched betting service and have built an amazing community over the years.
For the price they charge to join their service it is a no brainer for anyone who is serious about making money from matched betting. Being a member of Profit Accumulator will save you many hours a week that you would otherwise waste finding offers and working out how to do them.
Check out my Profit Accumulator review to find out exactly what they offer and why you need to join.
What is the best VPN for matched betting?
You can read our article about matched betting VPNs here: What is the best VPN for matched betting?
If there’s anything else you want to know about matched betting that I’ve not covered in this article, then just leave a comment below and I’ll get round to answering your questions as soon as I can.
Now that you know exactly what you need to do to start making hundreds of pounds a month of tax-free money from matched betting, go ahead and join the biggest and best matched betting community for free to get your journey started now: