MATCHED BETTING FAQ
Ready to start making money matched betting, but got some nagging questions?
Here are the answers to the most common ones – if you’ve got one that hasn’t been answered here please do contact us.
When matched betting, you place opposing bets on the same event meaning you cover all potential outcomes – win, lose or draw. By covering all outcomes, you can make use of “free bets” offered to new and current customers meaning you can guarantee a profit, risk free.
If you have not opened many betting accounts before there will be up to 50 bookmakers that you can sign up with and receive a welcome offer. The total value of the New Customer Offers is currently up to £1500. With reload offers you can make a steady profit each month – between £300 and £500 a month with some Matched Bettors earning £1000s every month.
How much you make in the end, is dependent on how much time you put into it, how many offers you can take advantage of, and how strict you are with building up a float. Matched betting is not a get rich quick scheme, but it is a great way to earn a healthy tax free monthly income.
If done ‘properly’, the risk is very low. However, there are some potential risks involved with matched betting.
Human error: If you click on the wrong selection, or don’t double check your numbers it’s possible to make a mistake. Taking your time and making sure you are comfortable with how Matched Betting works to minimise these errors.
Changing odds: Sometimes, odds can change fairly quickly, especially “in-play” or just before a horserace. Again, to minimise the chances of making a mistake, make sure you check the odds before you place any bets.
Yes – Matched Betting is completely legal, as long as you are over the age of 18.
The betting industry’s fine with it, too. In an article with The Telegraph, Graham Sharpe, former Media Relations Director at William Hill, said that “There’s no illegal element,” and that “It’s a free bet and you can do what you like.”
Each bookmaker has their own T+Cs, but we make sure to explain these in our guides.
You don’t need to know anything about betting before getting started as we’ve got all of the information here to help you start your Matched Betting journey.
People from all backgrounds have had success matched betting. We’re here to help you make it a success too.
You must be 18 years old to place bets in the UK.
You’ll need access to the internet, a small float to begin with (we recommend £50), and to live in a country where you can sign up to bookmakers who offer free bets.
Check out our blog post which takes you through the basics of matched betting.