We know that’s a bold claim and you may be thinking there’s a catch, but we can promise you there isn’t and this article will show exactly how you can make £1,200 completely risk-free and have a lot of fun doing it. Spare 5 minutes, read this article and see what all the fuss is about.
Make £1,500 Matched Betting
Matched betting isn’t a new concept and has in fact been around for years. You can see a full definition on this Wikipedia page. It’s even been featured in the Guardian, Telegraph and the Huffington Post as a way to boost your month income. You can make ongoing risk free profit from offers that bookmakers post on a daily basis.
How Does Matched Betting Work?
In its simplest sense, you place a bet at the bookmaker and take a bet at the betting exchange, with the effect being that both bets cancel each other out. If your bet at the bookmaker wins, you make money at your bookie account, but lose money at your exchange account. If your bet at the bookmaker loses, you lose money at your bookie account and win money at your exchange account. No matter what happens you come out even.
You do this to unlock bonus cash with bookmakers. An example might go like this. Bet £20 and get a £20 free bet, so you place a bet as above (making no money), then receive a £20 free bet. You then repeat this process using the free bet and because we are betting at the bookmaker with their money and not our own, we lock in a profit regardless. We simply repeat this process over and over again.
How Much Can I Make?
With signup offers, expect to make around £1,200 if you don’t have any accounts already. Then with daily offers from bookmakers, you can expect to make around £500 per month doing a little bit most days.
Are there Any Downsides?
As with all things, there are a few things to be aware of if you want to start matched betting
- It can be complicated to understand the basics. If you go it alone, expect to do a fair bit of reading
- You need to keep track of your bets and balances and profit. This involves keeping track in a fairly hefty spreadsheet that you’ll need to keep up to date
- Sourcing all the offers and then finding out the best events to bet on can take a fair amount of time
- Mistakes can be costly. You place your bet at the bookies and then go to lay it on the exchange, only to find that you don’t have enough money and you have to spend time depositing.
How Do I Get Started?
There are some great free resources available and If you want to have a go at matched betting, some excellent resources are The Moneysavingexpert matched betting forum. There’s a lot to take in here, so make sure you read and learn before placing bets.
If you want more hand holding, then we recommend Yesbets, it’s a new service and costs £14.99 per month, but you can try 2 offers for free with them. They have video tutorials to walk you through the first offer that you do, but the real advantage is in the automation that they have achieved. They source all offers and even tell you what to bet and how much, but the killer feature is the bet and balance tracking feature that it done automatically for you, meaning no spreadsheets to fill out. In our opinion, it will make you far more than the monthly fee and user reviews have been very positive so far. Their community group is also a mega help if you are just starting out too.
Matched betting is a lot of fun and if you can spend an hour or so learning the basics, you can easily make over £500 per month. Give it a try and see how you get on, but we don’t think you’ll be disappointed.