Updated for 2020!
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Do you remember a little while ago I hosted a post from Jon at The Money Shed about ways to earn money from home? Well, I have another post from Jon today – and easy matched betting how to guide. I’ve had a go to test the theory, and it worked, but Jon is an expert at matched betting and makes thousands! Why not give it a try and let me know how you get on? (Be careful and cautious with your money of course.)
Hi everyone – Jon again here from The Money Shed, the UKs largest community website for earning money from home.
I believe it was 90s one hit wonder artist Betty Boo who announced her arrival with the profound lyric “it’s me again, yes, how did you guess? ‘Cause last time, you were really impressed”
Indeed the last time I guest posted on this fantastic blog I told you 4 ways to earn over £600 a month from home and now I’m back with 1 way for you to earn over £1000 a month AND it’s TAX FREE. It’s called matched betting. It’s easy to do, 100% legal, very easy to follow and will have you earning some serious cash in as long as it takes you to make a bet online. It’s also worth mentioning that all this is RISK FREE. You will not lose money doing matched betting – it is not betting in the traditional sense. Basically you earn money by taking advantage of all the free bet offers that bookies give out and harnessing GUARANTEED PROFIT from them.
In this post I’m going to do give you enough of an understanding of how Matched Betting works so you understand the basics and should set you on the path to earning some major money from home. If you are after a more detailed guide then take a look at our 7000+ word Beginner’s Guide to Matched Betting.
To get you in the mood, here’s a very short video to set the scene:
I am going to make you around £15 with zero risk in the next few minutes so listen closely.
The bookie we will be using is Coral and the exchange we will be using is Betfair so click through to both of those and make your setup your accounts now so that everything is ready for your to use!
Our Qualifying Bet – OK, it’s time to get our hands dirty. Bookies offer free bets all the time to both new and existing customers. Usually to get those free bets you need to do something like bet £20 and get a £10 free bet free. If you were betting normally there is a chance you might lose your £20 on your qualifying bet just to get access to the £10 free bet. We are going to overcome that problem by laying (betting against our bets) at the exchange (betfair).
Coral have a very simple and easy to follow sign up offer.
Bet £5 and get a £20 free bet.
To qualify for this £20 free bet we need to place a £5 bet at odds above 1.5. When we are doing matched betting we work in decimals so if you look at the VERY top of the coral website you will see you can select to use decimal – click that first.
In this example I am going to be using my £5 qualifying bet on Vitesse vs Cambuur. As you can see below the odds of Vitesse to win are 1.5 so this is perfect.
We now need to open up Betfair and go to their exchange to bet AGAINST this win from happening. That way no matter what the outcome we won’t have lost our full £5.
Login to BetFair, click on EXCHANGE at the top and use the little search bar at the top to search for the team / horse / whatever you are betting on.
Once you find it you should get a screen that looks a bit like this:
The pink section is all we care about on the exchange. Just to help you out a bit here, when we BACK an event at the bookie (ie Vitesse are going to win) we always LAY it at the Exchange (ie Vitesse are NOT going to win and will either lose or draw). We then have every eventuality covered.
As you can see the odds for laying Vitesse are 1.58. Ideally we want our odds to be as close together as possible so this isn’t a bad match at all.
Before we place our back and lay bet we need to use a special matched betting calculator. There are lots around but I find TrickyBet is a good one to use. Open up the calculator are we need to enter a few numbers.
FOR MY EXAMPLE:
The Bet Type is Normal
The Bet is £5
The Back odds are 1.5 (You would enter your OWN odds here normally)
The Lay odds are 1.58 (You would enter your OWN odds here normally)
The Lay Commission needs to be set at 5% as that is the commission that Betfair charge for using their exchange.
Press Calculate and your calculator should now look something like this (although obviously with YOUR odds in it):
By looking at the bottom we can see we are going to make a very small 34p loss doing this qualifying bet. That is ACCEPTABLE as we will be making our money with the free bet. We nearly ALWAYS make a very small loss on the qualifying bet – we only do the qualifying bet to get access to the free bet.
Go back to the coral website and now place £5 on your chosen bet (in this case Vitesse)
Deposit around £10 into Betfair and now place your lay bet. Simply click on the pink Lay odds for your chosen bet and put in the value that the calculator tells you to which is this case is £4.90
Out qualifying bet is now done. No matter what the outcome we will have made a 34p loss, it doesn’t matter if the bet wins at the bookie or wins at the exchange.
After the event has happened (or sometimes as soon as you have placed your qualifying bet) you will get given a £20 FREE BET from Coral. Now it is time for us to make our money.
Here we can go for whatever odds we want, I would suggest something around 4.0/5.0/6.0 as you won’t need too much money in the exchange then.
Find a race / match that offers odds on the coral website of 4.0 or above.
For this example I have decided to bet on a horse called Faintly with odds of 6.0 in the 7pm race at Wolverhampton:
When I look him up on Betfair I see his lay odds are 6.2:
So we have all the figures we need and now it’s back to the TrickyBet calculator.
FOR MY EXAMPLE
The Bet Type is SNR (Stake Not Returned)
The Bet is £20 (This is the value of our free bet)
The Back odds are 6 (You would enter your OWN odds here normally)
The Lay odds are 6.2 (You would enter your OWN odds here normally)
The Lay Commission needs to be set at 5% as that is the commission that Betfair charge for using their exchange.
So as we can see we are going to make £15.45 profit (which minus our 35p loss from the qualifier is £15.10). We have done this in the time it takes us to place 2 bets and it is GUARANTEED PROFIT
Next we need to go back to coral and place our £20 free bet on our chosen horse. Once you select it on the right you will get an option to select to ‘Use your free bet’ simply choose it and put £20 on your chosen event.
Over at the exchange (Betfair) I am going to lay £16.26 just like it is telling me to. I need a liability of £84.55 so deposit some more money into Betfair if you need it. Liability is just BetFairs way of wanting a small guarantee for your lay bet as the chances of 1 horse NOT winning the race is FAR higher. Don’t worry, you will either win at the bookie or the exchange again so you won’t be out of pocket.
And that’s IT!
If you follow those instructions you will have made £15 for a few minutes work – totally RISK FREE and TAX FREE as you don’t pay tax on UK Gambling winnings.
So, how do you go from £15 to £1000 a month – VERY EASILY.
What I’ve just shown you is just the mechanics of Matched Betting. Basically I am just showing you how it works and how you can make money from it. What you really need is a Matched Betting service that can spoon speed you offers each and every day with full instructions and idiot proof video guides showing you what to click and where when placing your bets.
If you’re the sort of person who likes to make an informed decision, The Money Shed Blog has both an in-depth Profit Accumulator Review and OddsMonkey Review that compares the two main matched betting services in the UK with extremely detailed reviews to help you choose one that is going to give you what you want for your budget.
If you want to just crack on, one very decent service is Profit Accumulator
The Matched Betting service I recommend above ALL OTHERS is without doubt Profit Accumulator. Profit Accumulator is a Matched Betting service which like I mentioned basically feed you an endless stream of offers from the bookies that you can take advantage of. Instead of having to go out and find them yourself you simply login to their website and you are presented with a link for each bookie free bet offer available which gives you not just instructions on how to do the offer but also a video showing you what to click on.
Profit Accumulator offers a range of services for betting, helping you to find the greatest offers for you and the best ways to win big. This site can be used with both betting and bingo sites such as www.boomtownbingo.com and works fantastically across many different platforms. Profit Accumulator has over 20,000 users worldwide, and boasts an excellent dedicated support system that are focused on providing the best service for you.
You also get access to a fantastic bit of software called ‘OddsMatching’ which lets you select a bookie from a drop down list and filter the bets. So if you wanted to find all the bets available ABOVE 4.0 on Coral. Instead of manually having to find them you just go to the OddsMatching page, choose coral from the drop down list and enter 4.0 into one of the filter boxes and you get presented with all available bets and links directly to them. It saves you a huge amount of time and lets you just get on with earning money as quickly as you can.
If you are already an existing member with a number of high street bookies don’t worry about it, new free bet offers for existing customers with different bookies appear every few days throughout the week and Profit Accumulator will direct you to those as well as it is updated throughout the day. With the football season having just started again there is MAJOR money to be made with Matched Betting as the likes of Paddy Power and Skybet regularly offer Bet £20 get £10 type deals on every match that is shown on Sky/BT at the moment. There is SO MUCH MORE to matched betting in terms of what you can earn but I just wanted to give you a small taste and show you that is possible to make money from it.
If you want to sign up to Profit Accumuator it costs £17.99 a month, with that price going down to £14.99 after a year, or £150 a year (don’t worry about those costs as you will make MORE than the money you need to pay for it without question). They also offer a FREE TIER membership where you can earn £45 TODAY from offers they present you with and then you can either take you £45 and leave or pay them some money to get access to their services.
Hopefully this post has made some sense to you. If you have any questions then just leave a comment below and I will help out as best you can and if you are looking for other ways to earn money then make sure to check out our ever popular 20 Work from home jobs for Mums and How to Get Money Fast blog posts which cover over £5000+ in income for you to earn from home! For something that’s more about fun that guaranteed income, try a promo code for Text 888Ladies.
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Great post! I recently started matched, I was so worried about dong it wrong and losing everything but it really is simple. Hoping to be hitting the good money soon:D
I earned just short of £500 last month doing this. It doesn’t take a great deal of time to do either, maybe 30minutes every day. I signed up to profit accumulator and it’s straight forward, even for me :)
This is a really good article on how matched betting works, well explained. I’ve been doing it for the past few months and have earned just short of £4000. I used a different service to Profit Accumlator when I started then came across it on Jon’s site. It is far superior to what I used previously as it has such range of reload offers, these are what you do after you have exhausted sign up bonuses, and helped me to learn more about matched betting. Anyone considering trying it to make some extra cash go for it!
That’s amazing! Can I ask ho much you started with in your pot?i have about 1300 and about 600 between exchanges, I would like to make anything between 600-2000 a month. Do you feel that’s achievable?
Although I’ve known about matched betting for years, it looked way too complicated and just too much of a risk of losing my hard earned cash. During the summer holidays, I saw the free trial that Jon has mentioned above and decided to give it a go. I can honestly, HONESTLY say that it was the best thing I did.
I started on 24th August with the princely sum of £100. As of today, 3 weeks later,I have made £646.79 profit. It’s not the £1k that Jon mentions but I can see how it is easily achievable. I’ve basically taken it very slowly, not done the offers everyday and still made that much money. It’s a very comprehensive guide and the cost for the year was covered in just a couple of days. If I’d started with a bigger ‘bank’, I could have made the £1k within a couple of weeks.
Yes, it’s nerve-wracking at first. Yes, you think you have messed up and lost your money but seriously, you follow the steps and the money comes rolling in. It’s the easiest thing I have done.
By the time the end of October comes along, I fully expect to have made enough money from matched betting to cover my flights for my holiday next year….much better than having to save up or put it on a credit card.
I too am match betting but have not made anywhere near that kind of money. But I have not done any casino bets. What proportion of winnings come from casino bets please?
This is a really useful post. I’ve heard about matched betting before and it always seems very complicated, this post has helped explain it a bit clearer, I’m thinking about giving it a go, still a bit nervous about it though!
Great to hear you are giving it a go – how are you finding it so far?
I’ve done as your’ instructions and i’ve gain 7 USD for 1st. But next time, i don’t have free bet, how can i get profit again?
Use new bookies, take advantage of the free bet every time!
I heard about matched betting years ago and always thought it was a one-time, hit all the sign-ups and get £2000 odd and you’re done. Until Jon mentioned to me that you can keep going with ongoing offers and make continual profits, month after month, THEN I thought I better investigate this! I did the two offers from PA and signed up for a 1 year membership straight away as I saw how comprehensive and easy to understand the instructions were.
So far less than a month in I’m over £600 profit. I’ve already bought a new computer with the profits so I can increase productivity doing my matched betting. And I have big plans for the rest of the money… now to earn it!
I have just started out but I’m loving it. I can see making 100’s a week. Profit Accumulator is really a god-send and makes everything seem simple. Definitely worth a go
I really want to try this, but I want to understand is it possible to do this with out the free bets and still make a profit ?
Thanks for the question.
When we do matched betting the aim is ALWAYS to get to the free bet. That’s where we make the money!
No you won’t make any money just doing matched bets without actually reaching the free bet.
Thanks for the response Jon that’s has cleared that up for me :)
Will be giving it a go next month what is the suggest amount to start with ?
£50-£60 is all you need to get started ;)
Hi, I did Match Betting for couple of months and really enjoyed it. Decided to take a break from it as had done most of beginner offers and advanced offers with Profit Accumulator, and needed the money to move. I am looking to start again im not sure if thats possible, but just looking at any basic offers not those that need wagering etc as only looking to make about £500-£600 if possible. Anyone know how i can start again as i have signed up to most of bookies now and done the free sign up offers. Thank you in advance
Thanks for leaving a comment!
When I starting Matched Betting last year I already had account with most of the MAJOR bookies (Ladbrokes / Sky / WH etc)
I got through the sign up offers in about a month and from then on have been doing Reload offers ever since and i’ve made £12,000 so far. ALL TAX FREE!!
New reload offers appear on Profit Accumulator every day so you can absolutely just jump right back into it and easy an EASY £500+ a month without a doubt!
I have been looking into this for a while, but I am worried about any of this showing up on my credit score as I don’t want my partner knowing about the matched betting as he wouldn’t approve and we also have to get anohter mortgage in the next 18 months and I don’t want it showing up on my credit score for that either – does matched betting affect your credit rating and is it something that can be picked up on a credit score?
Matched Betting doesn’t show up on your credit scores and wouldn’t stop you getting am mortgage. When you sign up to a bookie they do a soft search the same as if you were buying any product online.
The one bit of advice I would give you is to use a bank account that ISN’T your main one. So I just setup a separate HSBC account .and use that for all my Matched Betting – stops things from getting messy.
I’ve got a morgage as have plenty of other people over on The Money Shed who do Matched Betting. It’s never been an issue for anyone. THOUSANDS of people in the UK do Matched Betting everyday and again, getting a mortgage has NEVER been an issue. as long as your main bank account isn’t being used because otherwise when they ask for last 3 months bank statements and see 100 betting transactions happening each week they will think you have some kind of MAJOR gambling problem lol
Hope this helps, if you have any further questions please just ask as I’m happy to help.
To help motivate you since I started doing this last July and I’ve paid for 2 holidays to Florida and a new car already!!
ALL TAX FREE and RISK FREE!!
Click the link above for Profit Accumulator and give the FREE TRIAL a go, you will earn around £45 RISK FREE and get a far better understanding of how Matched Betting works then just reading about it on Jo’s awesome blog!
Hi, thanks for your article. I’ve been matched betting for 5 weeks now and I have messed up a couple of times, dizzy me! I might join one of these sites to get a better understanding of matched betting, although I don’t think I’m doing too bad so far.
Great to hear Matched Betting is working out well for you
If I am honest you are missing out on a LOT of money by not signing up to Profit Accumulator. Unless you are going to spend hours each day looking for offers that could be spoon fed to your on PA you are going to be wasting a lot of your time or missing our on easy RISK FREE money you could be earning.
The reloads section alone on PA is worth its weight in gold as new offers appear there everyday!!
Profit accumulator is excellent for Matched Betting but not so good for Bingo. They do have a bingo section which is mainly a ‘play and hope’ approach. Although Bingo profits are not guaranteed you can give yourself a huge advantage over the house. I’m now making as much from Bingo as Matched Betting each month.
I loved doing the Bingo offers on Profit Accumulator but I agree with you that there is a rather an element of ‘hit it and hope’ when it comes to bingo but at least if you use their tactics there is more chance of you coming out on top money wise.
I think for most of them I came away with a good £20-£40 odd so can’t complain!
Can I ask what seems a dumb question. If this gets guaranteed profits, why do the bookmakers let you do it? Or are they hoping to get you doing other types of bet, where they would make money
Thanks for the question!
The bookies are not connected to the exchange
If you are a bookie all you are seeing is someone placing bets with them
If you are an exchange (betfair) all you are seeing is someone laying off random bets
Sometimes you will make money that ends up in your bookie account that you withdraw
Sometimes you will lose money in your bookie account and make it in the exchange with again you withdraw
Hope that makes sense… ;)
Matched betting is GUARANTEED LONG TERM PROFIT. I’ve been doing it now since last July/Aug and have made over £14,000 so far, probably more actually. Most importantly all of that is TAX FREE as well (as you don’t pay tax on winnings)
How much did you start with to earn so much – that is the amount that I would be looking to earn if possible, also do bookies close accounts if they think that you are using them for matched betting?
I started with £60 and have never put more of my own money into Matched Betting
Yes bookies close accounts if all you do is go after free bets with them, this is why you do what is called ‘mug’ betting where you bet and lay on various things (likes horses or football) and just accept the small loss you make (a few fence) so that you look like a normal punted and aren’t just bonus hunting the entire time.
Don’t worry though, Profit Accumulator take you through this and everything else step by step so you can’t go wrong!!!!
Alot of bookies now have wagering requirements what happens then?
I have about £100 to start with and I am also going to joint Profit Accumulator but as I am so incredibly nervous and worried about doing matched betting, I don’t suppose you would act like a mentor when I first start out on the matched betting journey would you?
Sure am happy to help you. If you come over to my website The Money Shed we have a HUGE Matched Betting thread where all sorts of folk are doing it and can help you out with any question you might have.
If you have any questions just drop me a line at email@example.com but i’m sure you are going to do fantastic and trust me, you will earn LOTS of money ;)
I want to put £1000 as a float on Betfair and £600 to start with bookmakers.
With these figures, how much should I make in my first month, guven the fact that I already have accounts on all major BM and already have gotten signup offers.
How much shoyld I make from the reload offers?
Because I see it is way harder to do this than 15 years ago…
More complicated ToS… Some with high rollovers or rules to put combined bets….
£1600 is a HUGE float to start with (I only started with £60!) so you should be earning some great amounts from the get go!
When I started I already had accounts with the major bookies as well but you will soon realise that is makes zero difference as you hit the reloads section of Profit Accumulator each and every day where new offers constantly appear.
I do reloads every month and clear around £1000 tax free profit without any trouble at all so there is zero reason why you won’t do the same.
I wouldn’t say it is more complicated. The math is still exactly the same and PA hold your hand through every offer anyway which is a godsend when you first get started!
Any other questions, please just ask!
What a great article, I have been planning on getting back into matched betting, as me and my husband tried it a few months ago but never seemed to be able to build the money up, without something cropping up and having to use the money we made. I really would love this to work for us, it would be life changing!.Could you explain how to build it up properly say we have 60 pounds to start, when we put bets on and make profit, do we use that to put more bets on and then withdraw the 60 we intially put in? Sorry to be a pain with all the questions!. Also do you just have one set of accounts? Hope you don’t mind me asking that it’s just on profit accumulator forum they don’t allow you to talk about it, I only ask because is it possible to earn that kind of money with just one set of accounts? I really hope so! Sorry for all the questions! I really appreciate your help. Thanks bekki
First off, I only have ONE account with each bookie. Always have and always one.. No Multi-Accounting going on here I PROMISE!
You build you money up with each offer you do. So lets say you start with £60, you do an offer, you make £25 your ‘pot’ is now £85. you do another offer you make £40 you pot is now £125.
You just keep doing the reloads that appear everyday on Profit Accumulator and you will make money with every offer (but then you know that ;) )
My bankroll is around £2500 so I am able to do literally every offer that gets posted in the reloads section each day, it’s a fantastic amount of money for a few minutes work.
tonight for example (19th Aug 2016) I’ve made around £80 for doing 2minutes worth of bets on the Manchester United game total. COMPLETELY RISK FREE!!
Any other questions, please just ask!
Hi . Completely new to matched betting but I am really excited about it …I was doing some research and came across a post that mentioned most matched betting is only available to UK residents I am Morrocan so is there is there a chance for me to be able to do this this too …is there enough bookmakers that accept customers from my country to make a decent amout in a month and if yes how much ? does it worth trying ? I have asked in so many groups a and forums but no one gave me clear answers…thanks in advance
The only way I can think you could do MBing from there would be via a VPN of some kind. We have people on The Money Shed forum who are outside the UK who do MBing and earn a ton of money so it is possible.
If I start with a float of £300 do you think I could make £1500 a month?
Starting with £300 you could easily make £1000+ a month
Once your bankroll gets to around the £2500 mark you can just do new offers everyday and should easily be around your target!
Any other questions, let me know!
I don’t think so. I started with 300 and really slow. The trouble is it takes 2-5 days for the money to come back to your bank. And days would have been wasted in the process. For a 30 quid free bet, you could easily have a 140 quid liability when you go for higher odds like 5 and that’s half of 300 gone already just for 1 free bet . If you win at the bookies, that’s 2-5 days waiting to go back to your bank account, good if you win at the exchange to reuse it as liability.
Can you please tell me when we finish the bankroll, With only the everyday offers we can make £1000 a month or less?
Yes when you have finished the sign up offers and you are on the Reloads section you can make £1000 a month from it.
Thank you Jon for your help.
I will begin next few days :D Let’s make some money.
Thank you again
If Betfred and Coral is not available in my country, how could this work for me? Need help :(
You need to be based in the UK to do Matched Betting
How long can you continue to make money from reload offers? Continuously? I’ve had a baby and would like to not go back to work but would need about £40 day/£1200 a month.
Is it possible?
You continue to make money using Reloads on an ongoing basis.
You would typically finish the ‘sign up’ offers during the first month and make around £1000 from those alone
NEW reload offers appear everyday for you to do so you just plough through them as they appear.
Everything is spoon fed to you on Profit Accumulator so it’s just case of loading the site up, following the simple instructions and making money each day for a few minutes work ;)
Thanks for this detailed and well-written article. I’ve just recently discovered matched betting and I have no experience when it comes to bets. After reading this step by step guide you wrote, I’m now excited to make money from matched betting.
Fantastic to see you are going to give it a go! You have literally NOTHING TO LOSE!! ;)
I did matched betting for about 2 months and made some serious money from it but now I am onto the reload offers I’m really struggling with it. Some of the reloads include dutching bets and other complicated techniques which just take me too long for it to be worth it.
Do you do these ones or stick to the more simple ones?
Is it still possible to make £1000 sticking to the easier bets? how long do you spend each day matched betting? Also, how do you work the fact that you have to wait for the free bets to be put into your account? Do you have one time in the day where you put on the qualifying bets and another where you use the free bets? Sorry for asking so many questions and thank you in advance!!
Thanks for leaving a comment!
Reload offers are king when it comes to doing Matched Betting long term!
Things always look complicated but once you start doing things over and over again they just become second nature. I’m making LOADS of money using PA’s Acca Catcher and doing accumulators which again they hold your hand through so the money is there if you want it!
I spent a few mins a day doing MBing I would say, maybe a bit more at the weekend when there is obviously more sport around!
I don’t have any ‘plans’ as far as how I go about doing Matched Betting. I simply just do the offers each day and record them in Ultimatcher (There is a beginners guide for how to use Ultimatcher over at The Money Shed Blog ) So I know where I am at ;)
Any other questions, please just ask ;)
Hi, I have been looking into this for a few days now and done a lot of reading.. so to get started I am going to make more Koenig by going through betting websites and using their offers for free bets?
After this where do I go? Obviously there are only so many websites to sign up to for free offers?
Any help will be much appreciated
Thanks for leaving a comment
Click on the link for Profit Accumulator above, it’s the matched betting service that I use and they literally spoonfeed you new reload offers to do everyday. So once you’ve hoovered up all the beginner and advanced offers you can start on the daily reload ones!!
I’ve been doing it for over a 16 months now and the daily reload offers just keep coming!!!
i have followed the matched betting instructions but only deposited £10 split between betway and coral now waiting for bets to come in so I can do next step for free bet. Can i still made a decent profit from this or do i need to be putting more in (is it too late?). i really could do with the profits that people are making on here!
Just follow the instructions on profit accumulator for each other and you won’t go wrong and will continue to make money from each offer :)
I’ve been doing this for a couple of weeks now, and not sure if I’m doing it properly,,…if I put a free bet on and match it I only make the £2 or so that I lay on the initial bet….somehow can’t work out why some people are making £’ssss and I’m making £2 per bet?
You are correct Jacqs, you aren’t doing it correctly
Are you following the instructions on Profit Accumulator as they dictate how much money you will be making from each offer you do.
I am a UK citizen just abroad at the moment can I do this from abroad??
Yes you should be able to use a VPN service to access the bookies – I imagine your Bank accounts need to be registered in the UK though
so if I am not an UK citizen I can t do this?
Hi i’m not from the Uk,but if i use Vpn and a online Uk bank account will i be able to do matched betting?
Hi jon. I’m. New to match betting and really want to make it work! I placed my free bets yesterday and sure enough I didn’t lose anything. So now it’s day 2 and I’m a little lost. I have made a gain in my coral account but I don’t have much money left in my betfair account… which means when I’m looking to bet, using the lay calculators, I don’t have enough liability to cover nearly any bet I’m trying (tried looking for ones with lower odds, but there is little win/point in these). Please could you account vise? Do I need to initially place more money into my betfa it account to make this work? (I’ve only put £10 in so far, if so how much would you recommend?) I’m. Struggling to see how larger sums can be won at the moment… am I doing something wrong!? Sorry for all the questions! And thanks in advance :)
Thanks for leaving a comment.
If your first free bet won into Coral then you simply need to withdraw that money and wait for it to appear into your bank account and then you can use it with Betfair.
If your first free bet at lost at coral and won at Betfair you would have been good to go. It’s always better when you are starting out if you end up winning at the exchange as it means you don’t have to wait for money from re-appear in your bank account from the bookie which can take a few days.
Hope that explains everything
Just follow the instructions on Profit Accumulator and you will keep making money ;)
I have this same question as Andre
can I do it from abroad and is there any problem with that?
If you connect using a VPN to the bookies sites you should be fine but you will still need to be registered in the UK with a UK address and with UK bank accounts etc.
Been getting into this lately and been absolutely loving it
I still haven’t plucked up the courage to start matched betting but I am going to start in March – if I start with a float of £200 do you think it is possible for me to make £500 each month?
Yes £500 a month is 100% possible if you are going to start with a float of £200
just getting started with the matched betting.
I wonder if any of you guys making a good amount of money have issues with tracking / Spyware
from bookmakers like iesnare / mpsnare or similar programs tracking your activity.
I have read it a lot that it´s rather vital to block that kind of stuff as otherwise they would be able to tell
if you go from bookmaker to bookmaker just for the sake of the bonus.
Does one of you use special software to avoid that or did you make the experience that it doesnt matter at all anyway to have your data tracked like that ??
thx in advance
I’ve been Matched Betting for over 2 years now and have personally never bothered checking for tracking / spyware issues and I use both a PC and a MAC to do my MBing and have only lost 3 accounts in all that time!!
thats interesting to know.And you are using the exchanges and the bookmaker sites from the same device ?
It´s quite controversial around the net obviously how much of an issue all this “malware” actually is as it is hard to tell what kind of data most bookmakers actually access and if they may share the data between each other.
For obvious reasons I would rather not want them to be able to tell at which sites I´m registered and so on but maybe even if they can tell it´s not making a big difference aslong as you dont extract too much value.
Do you have any idea why you might have lost `these accounts ? Like were you winning more on these despite trying not to maybe ?
Apart from that how much mug betting would you advice on average and is there anything else that in your opinion will help to stay under the radar ?
thx a lot in advance.
I lost them for the same reason others lose them. Either not giving the bookie enough value or just not being hot enough on the mug betting with them.
In terms of staying under the radar I tend to do a REAL mixture of offers so I do reloads, accas and horse refunds on saturday ITV racing days..
Bit of everything really with mug bets alongside them!
What’s mug betting?
Mug betting is where you place bets that aren’t connected with offers. Of course you lay them as well so that you only make a few pence loss each time but it makes you look more like a regular punter to bookies!
hello… can i ask if i open accounts in mine and hubbys names separately and do same bets for each of us we will earn double in effect??? Would i only need to have only one profit accumulator account to find all free bets?? Thank you x
Yes you are correct Maria
How much money would I need to get started?
So for the exchange would £50 be sufficient & how much would i need for the qualifying bets?
Would i need to keep putting my own money in to do the qualifying bets or can i use the money that i have won at the bookies/exchange to place bets at new bookmakers?
Is there a way i can keep track of profit i’m making…like a spreadsheet?
£50 will be enough. I only started with £60!
You won’t have to put anymore of your money in :)
In terms of tracking I use ultimatcher
Hope this helps!
Hi! How long after ‘completing sign up’ offers I have to do the first qualified bet ?
Not quite sure what you mean but you would get the Coral free bet near enough straight away and the BetFred free bet within 48hours ;)
i can actually say this sounds really good and is not much to start with.how can i go about it please?
Just click through to Profit Accumulator and everything is spoon fed to you in terms of making the most money from each offer
You only need around £60 to get started
Hey Jon,firstly thanks alot for this blog and article,can you please link/tell me the username or people on the money shed website you replied to Hannah’s comment who are outside the uk and MBing so i can have an idea of how to do it,as i am outside uk…..thanks in advance
If you drop me a PM on the money shed I will hook you up with a user on there who has carried on Matched Betting since moving outside the UK
Thanks Jon,but what i meant was a user who lives outside uk and has nevet been in uk,never born there and never visited too.
In that case no I don’t know of anyone.
I came across this blog today as I got very frustrated with match betting and was considering stopping it altogether. I’ve been doing matched betting with Profit Accumulator since the beginning of this year and I can’t seem to break past the £400 a month profit.
Many blogs I came across state that you can do £1000 with fairly average amount of effort put in daily. For the past month I have been spending appx. 2 hours every weekday and between 3-4 hours at the weekends and I barely came to £500. It looks like I might be doing something wrong…
I tend to do the reloads offers for sports and occasional free spin on the slots. My sport bets include standard football offers, recently also horse refunds and just this week I started on accas. I work with a bank of appx. £2k.
I haven’t really completed sign up offers for casino or bingo as I’m a bit concerned of loosing my bank due to these offers not being risk free. I’ve read on some other blogs that casino offers can actually come up to more profit than the sports betting. What’s your view on this?
Can you share some thoughts on strategies that will help me grow my profit?
Many Thanks for your help in advance!
Thanks for leaving a comment.
I tend to do EVERYTHING.
Every Weekend Horse Refunds Offer
around 5 accas as week
Every Slot offer as long as it isn’t too crazy.
I would say at the very least dip your toe into the casino slot offer as they can bring in amazing results and you tend to know what you are putting at risk before you do them (£5 etc)
There is also a great number of casino offers that require NO DEPOSITS at all. I’ve made £100 each on 2 of those alone!
basically don’t be afraid of trying new stuff!!
Let me know how you get on
and thanks for the guide. I have been doing alot of the sign up offers but I understand much of the money is in horse racing promotions and accas. Maybe we can get a follow up post with a guide to how these work?
This is a really useful post for anyone who is considering starting matched betting. I was really nervous at first so did lots of reading to try and get my head around the idea. Even though I never fully understood it until I got going, I took the plunge just over a year ago now. I’ve not looked back since. I only really have time to do this a few hours a week (as I’ve got two young children). So I’m absolutely chuffed to have made more than £7500 in that first year. For anyone thinking about it my recommendations are to join a matched betting service, then read all the training and take your time doing the first few offers. Once you get going, you’ll wonder why didn’t start earlier.
How much did you make in your first month, I have a float of £100 but still haven’t taken the plunge but I intend to tomorrow and I really need to make about £400 in my gust month, is this doable with the float I have?
£400 a month is EASILY doable. Heck you are going to be starting out with £100 which is about £50 more than I started out with!
Once you get going you will see just how easy it is and how quickly it is to earn!
With the football season having started again this weekend there’s no doubt you’re starting at a fantastic time!!
Thanks for the article. Great information for beginners. Is this classed as income in the eyes of taxmen? Do we need to let them know?
I’m pretty sure it’s tax free but Jon will be able to confirm.
It’s Tax Free so doesn’t need to be declared at all ;)
Do u have to have several email addresses so the bookies won’t get suspicious
No I sign up with the same email address for all bookies.
Hi Jon. My concern is that in less than 3 years time I’ll be looking to apply for a mortgage and I’m concerned that the lender may see such transactions as indicating a gambling problem. Do you know how I can go about opening an account which will allow me to deposit and withdraw money to and from bookies accounts which will not be visible to mortgage lenders when I apply for a mortgage? For example, I was considering opening an account in my 86 year old Mother’s name and address; with her agreement of course (back in the 1950s my now 92 year old Dad won enough to purchase his first house using a betting system on the greyhound racing – he was barred from William Hill! – so I suspect she’ll be OK with it and there isn’t any way I can see that she’ll be requiring credit of any description).
I use a separate HSBC account away from my regular ‘day to day’ Barclays account. Took me just a few minutes to set up.
It’s been a few months now. Any updates on people’s experiences?
I’m yet to take the plunge cos it’s confusing so I’d love to know how it’s gone for other people.
Hi Alice! Hope you’re well.
Everyone is still doing it! Pop over to The Money Shed and take a look at the section for Matched Betting and you will see a whole raft of people all earning money from it! (Profit Accumulator alone actually has over 20,000+ members all doing this!!) With the World Cup happening at the moment there is more risk free money than ever to make, it’s been a fantastic few weeks!
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