I’ve been working towards writing this post for the best part of fourteen months, and now, finally I can tell you that I’ve achieved my main goal of 2016. To earn £20,000 in tax free cash by matched betting. In this time I’ve learnt a lot, and created a dedicated Facebook group to provide assistance to those who are just starting out.
If you’ve been watching any of my daily videos you’ll know that in 2016 matched betting played a huge part of my life. It went a long way to helping me pay off more of my mortgage every single month and afford a once in a lifetime trip to Thailand with my girlfriend, Helen.
I’ve tried my best to talk about how I’ve earned this money through various videos;
However, writing it all down makes so much more sense to me, so here it goes…
What Is Matched Betting?
Matched betting is a common term for utilising the free bet offers that bookmakers offer punters. By doing so you’re able to make some serious guaranteed cash.
It’s quickly turned into everyones favourite saving money hustle from The Money Shed, to EmmaDrew.info right through to news outlets such as Save the Student, Money Saving Expert, and The Guardian.
Profit Accumulator vs OddsMonkey vs Free Forums
Whilst matched betting is ‘free’ finding the offers from over 100 different bookmakers both online, mobile and in-store can be time consuming. Just like finding the right offer to minimise your loss and maximise your return.
When matched betting started over a decade ago there we’re no dedicated websites, instead just a few people on forums such as the one on Money Saving Expert. Since then websites have been popping up left right and centre designed to help you understand the process, find you the best offers and help you every step of the way.
In my book time is money. Which is why I opted to use Profit Accumulator. It’s not the cheapest at £17.99 a month or £150 for the year however the customer service is fantastic, the community is thriving and it comes complete with extra tools to allow you to continue to make money even once the introductory bets have been completed.
Putting that £150 a year subscription into perspective of the £20,000 I earned it’s less than 1% of my earnings, and unsurprisingly I’m pretty damn happy with that.
What Comes After The Introductory Offers?
Matched Betting is no doubt famous due to the bookies fantastic introductory offers designed to get you coming back for more. On just one of these offers you can earn £200+ and it’s the simplest and easiest way to build up your bank and earn a vast amount of money very quickly.
However once the introductory offers stop, I notice a lot of people asking how do I carry on?
Now, here’s the thing. I actually spent a month matched betting in August 2015 and in that time I completed most of the introductory offers. I then stopped during fourth quarter to focus on my Lego business and decided to pick it back up again in the new year. That means that the £20,000 I earned from matched betting in 2016 actually included very few introductory offers.
I made a lot more from reload offers, casino offers and accumulator promotions.
Reload offers are limited time offers that are only available to current members of the bookmaker. They can vary from online to mobile to in-store and include things such as hatrick heaven (get three times your wager back if the first goalscorer scores a hatrick – my personal favourite!) or second place refunds (get your money back as a free bet if your horse comes second)
Casino offers can vary drastically and Profit Accumulator is fabulous at determining which offers are worth while. Whilst members of the forum will explain there experience with the offer to help you determine wether or not it’s a risk you’d like to take.
Finally there’s accumulators. Accumulators are the hardest thing to learn, but thanks to the new software that has just been released they are a whole lot easier than they used to be and a way to earn upwards of £100 on a reload offer. I personally used to run five or six of these over three or four bookies each weekend and pretty much guarantee a £200 return.
What Happens After You’re Gubbed?
There’s no doubt that with high earnings, comes gubbings (a phrase used to describe the act of when a bookmaker bans you from getting any further free bets). It’s important to remember that you’re money is not at risk when this happens, you’ll simply not receive any future promotions or free bets.
Whilst it may seem like the end of the world at the time it’s not. Gambling is a billion pound industry which means that new bookmakers are being released all the time. The different things we can bet on and the different offers available are fast moving and so being banned from one, two, three or even five bookies is certainly not the end of the world. Instead focus your energy on keeping the bookies you have open and finding new ways to earn money through matched betting.
Things have come a long way with matched betting over the past decade and now people often share ways in which they have overcome a gubbing experience and even been reinstated by the bookmaker.
Why Isn’t Everyone Doing This? – And What Happens If They Do?
Ultimately, matched betting isn’t for everyone. Since completing my £20,000 in 2016 I have taken a backseat on matched betting and instead started to focus on just the larger offers. I’ve used the money I’ve earned to start some great new income streams and I’m spending my time developing those.
I’m just one person, and there are plenty of others who either don’t want to do it, don’t need to do it, or have done it and for whatever reason decided to slow things down or take a break entirely.
The amount of money being gained by the bookies through genuine gambling when compared to matched betting is huge. This means that whilst it’s become more of a focus for the bookmakers there always going to continue to fight with one and other to gain the upper hand (that being you to come and place bets on their site)
So, that’s my story. Have you had any experience matched betting? is it something you’re looking to do in the future? Let me know down in the comments and I’ll do my best to answer any questions you might have.