- About Matched Betting
About Matched Betting
What is Matched Betting?
Matched betting is a simple risk-free process whereby you take advantage of offers on betting sites for new and existing customers, allowing you to guarantee profits. The best analogy is if a bookmaker says to you ‘I’ll give you £50 if you guess the outcome of this coin toss’ – under normal betting circumstances it’s a pretty good offer – but you COULD lose your £50. What matched betting does is uses the betting site to bet on heads, and then uses another site (known as an Exchange) to bet AGAINST heads. You might lose 50p putting this bet on, but you don’t really win anything – but more importantly you don’t really lose anything other than that 50p – however you now have the £50 free bet that the betting site offered you, meaning risk free cash. The main matched betting site to use for this is Profit Accumulator.
Is it Risky?
Well, its not gambling. Anyone can make a mistake but that is your only risk – if you follow instructions and check everything before you do it, you will be told exactly how much to bet and what on, and you will be walked through the training process very carefully and but once you have done this two or three times you’ll find it becomes second nature.
Is it Legal?
Matched betting is perfectly legal – betting sites obviously hate you doing this as it takes away their edge – everyone has heard the old ‘the house always wins’ line – but there are no laws against matched betting.
Is it Gambling?
Matched betting could not be further from gambling if it tried; with gambling you can lose your entire deposit if results don’t go your way – with matcher betting the result does not matter – it’s all just guaranteed profit. Going back to ‘the house always wins’? Not anymore!
How much can I make?
There are a couple of different approaches that you can take with matched betting, so there is no easy answer to this question, however as a conservative estimate you can easily bag £500 per month, tax free, on an ongoing basis. If you’ve got more time to dedicate, this can be much higher. I have cleared over £2k per month, every month, since November 2015.
Do I need to pay tax on winnings?
Not a penny – gambling winnings are classified as tax free income, whatever you make through this process is yours to keep and spend however you see fit.
How much time do I have to put in?
This is a common question and my answer to this is always ‘how much money do you want to make?’ – there are always offers available on a wide range of events, and even when there is no sport on there are different kind of offers such as Bingo, Casino, slots etc. You can do this for 20 minutes a week if you want, or you can do it full time and use it as your sole source of income. It’s completely up to you!
Isn’t this just an MLM/Pyramid scheme?
Again this gets asked all the time – and the answer is always no. There is nothing for you to sell, other than getting new members to the site but that’s optional. MLM and Pyramid schemes are usually guised as get-rich-quick schemes however what they DON’T tell you is you have to do your own tax returns, pay taxes on income, you have sales targets to meet etc – you have none of that with matched betting. If you want to get other users to it there can be some incentives for you to do so, but you can also just focus on making money for yourself which is what the majority of users do!
I usually think if something is too good to be true, it usually is – so I made sure I did a lot of research before diving in. I was still unsure when i signed up but I was willing to take the risk and I am so glad that I took that step. Inside of 6 months I have paid off all my credit cards and got a huge savings account set up with the profits – but I don’t expect you to just take my word for it – I will gladly add you to Facebook and show you proof of my winnings.
Do you need to understand or enjoy sports?
No – in fact its probably easier if you don’t as then you are less likely to waste time watching the results – absolutely anyone can do matched betting, and profit accumulator will teach you in a couple of minutes.
How do I get started?
Head on over to the Profit Accumulator page and start their free trial – you should make £35-40 profit from this and it will teach you everything you need to know, provide you with resources and has a great community forum for discussion of offers.