Matched betting is nothing new really, broken down it’s simply a way of moving money from one platform to another.
The best part is you get to keep the money and use it as you wish.
It is completely legal, completely tax-free, and completely safe.
You will need to know some basics of how it all works though. Once you get your head around it, it is straightforward.
I have personally done this and I can confirm 100% that the method works and I got paid a pure profit of close to £1000 with no problems at all.
So, What Exactly Is Matched Betting?
Some people like to think of matched betting as a form of gambling, I guess it is sort of is but it’s entirely risk-free. So, think of it as gambling, but without the gambling part.
Matched betting (also known as back or lay bet matching, or double betting) is a betting technique used by individuals to profit from the free bets and incentives offered by bookmakers It is generally considered risk-free as it is based on the application of a mathematical equation rather than chance Wikipedia
You are using the bonus offers that bookmakers like to give as an incentive to new customers. If you have ever placed a bet online before then I am sure you would have seen these offers.
If you are completely new to sports betting then you most likely would have not. (But this is nothing to worry about and in actual fact means you can take advantage of more of the new sign-up offers!)
Bookies these days are desperate to get new customers and there is a lot of competition for you.
So, let me try and break it down as a simple example.
Let’s say Bookmaker1 has an offer for new customers where when you sign up with your first deposit of £10 you get £30 in free bets.
So, you deposit £10 (usually a minimum) and sure enough, they credit you with £30.
Unfortunately, you can’t just withdraw the free £30, it has to be used as free bets.
They will often have restrictions on the type of bets you can make with them.
But what if I said you can bet the £30 in free bets which guarantees you recoup most of it as pure profit? Remember, this is FREE money.
Interested? Good, I shall continue.
Let’s continue with the above offer as an exact example.
You first have the bet your £10 (that you deposited to open the account) but you also have to place a bet called a “lay” bet on the same match using an exchange. (Don’t worry, I will give details of a site which explains all these terms later on)
This effectively cancels out the bet. So, either if you win on the bookie you lose on the exchange or if you lose on the bookie you win on the exchange.
After the first transaction, you are still sitting at £10 as one would have canceled the other out effectively.
Now you are eligible to use the free £30 bets and you haven’t lost anything yet.
You simply do the same. You place a bet with the bookie for your £30 and lay the same bet with the exchange. This way whatever the outcome you are going to get about 85% of your £30 back as FREE CASH.
The reason it is only 85% is taking into account that the odds don’t always exactly match and the exchange takes up to 5% commission for each bet. Only the exchanges take commission, not the bookies.
What Are The Exchanges?
The betting exchanges are effectively a platform where you can become a bookmaker. Again, nothing to worry about and ANYONE can do this.
The two most popular exchanges right now are Betfair and Smarkets. You will need an account with at least one of these, I recommend getting set up with both.
Smarkets offer a lower commission at 2% and Betfair uses 5%.
The reason I say get both is sometimes the odds match on one but not the other.
Do I Need To Do My Own Calculations To Work This Out?
I must admit having just reread my explanation it does sound a little confusing, especially if you have never placed a bet before. Please bear with it.
Going back a few years you would have needed to calculate all your own matched bets. Whilst it is straight forward you no longer even need to calculate your own bets.
There are many programs and platforms on the internet now that will do this for you.
I used to be a member of Oddsmonkey and I stayed a member for many months but for me, it was not worth paying a monthly fee. You see after a while most of the offers dry up.
In the end, I went with the Team Profit website which has all their guides for FREE! So, no monthly fees ever. Just literally follow the step-by-step videos and you will be making tax-free cash in no time at all!
They have on-site calculators that DO ALL THE HARD WORK FOR YOU.
They even go one better and show you the EXACT BETS to place.
The structure of the website is amazing, they have video tutorials on tons of bets to get you started. The first matched bet you will do will earn you about £16 in about 10 minutes of “work”.
What Do I Need To Do Next?
I totally understand if you are a tad skeptical, I was at first. We are taught that if it sounds too good to be true it must be right?
Not the case with this. I can assure you that this is genuine and many thousands of people are doing this. You can trust me.
Like I say with all the tutorials and posts on the site either I personally do them still or I have done them in the past, or at the very least I know someone that is doing it.
I have been doing matched betting for a few years now and can honestly say it is a genuine opportunity.
You will obviously need some investment on your own part to get going. This is all explained in detail on the site.
If you have a low starting budget then that is totally fine though. Team Profit shows the exact steps to making good money even if you are starting from just £10.
I personally have made close to £1000 using matched betting and after doing one or two bets I found it very straight forward and you will too.
There are people in the matched betting community earning £2000 a month doing this. Some people have even hit insane jackpot offers but
Even after the new sign
Another great feature on Team Profit is Tom’s Lunchtime Profits. Every day one of the admin’s posts up the day’s offers. Allowing you to make money every day using this system.
[click_to_tweet tweet=”How To Earn £500 Tax Free This Month Matched Betting #matchedbetting #sidehustle” quote=”How To Earn £500 Tax Free This Month Matched Betting”]
I will let you decide but please if you want a second income (or third or fourth!) then this is really worth checking out.
If you decide to go for it then that’s brilliant news! I wish you all the best with it and please keep in touch so we can share stories and bets!
If you sign up through my Team Profit link here then I will earn a small commission from them which will help with my site running costs etc. Totally up to you of course. YOU STILL PAY THEM NOTHING FOREVER.
Sign up using the button on their site, get yourself a free account.
You are in really safe hands with them. Their support group is amazing and they have a dedicated forum for users to share their success and help each other out.
Thank you for reading, I really wish you the best of luck (which you don’t need!) in your matched betting journey.
If you have any questions or just liked the post then please drop a comment below!
Do you think any of your friends would like this? Feel free to share it with them. There is enough for all to go round! A truly excellent side hustle!