How Much Can You Make From Matched Betting In 2022?

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How much can you make from matched betting in 2022?

Matched betting has attracted a lot of press over the past few years & many people wonder if it’s still possible to make money from matched betting in 2022 & beyond.

If you’re one of them, the short answer is yes, it is.  

I made in excess of £500 a month when I started matched betting and many people appear to make much more (see some reviews from people making money via matched betting service Profit Accumulator).

So whilst it’s not a ‘get rich quick’ scheme (& there a few potential risks you should know), matched betting isn’t a scam either – in fact, it’s a legitimate way to generate extra cash in a surprisingly short time.

I learned the basics of matched betting in about an hour, with the help of online matched betting service Profit Accumulator (you can check out their Free Trial here). I then made my first profit within 24 hours.

After that I spent around 30 – 40 minutes per day doing matched betting, which consistently generated me profit each month.

Why isn’t everyone doing matched betting as a way to earn extra money online? Honestly, I don’t know – I think people either don’t know about it or they think it’s the same as regular ‘gambling’ and therefore risky. In reality, however, matched betting is based on a mathematical formula, not chance. And this is what makes it’s potential for profit so much greater.

What Is Matched Betting?

Here’s what Wikipedia says about matched betting:

Matched betting is a betting technique used by individuals to profit from the free bets and incentives offered by bookmakers. Its proponents consider it risk-free in theory as it is based on the use of a set of mathematical equations rather than left to chance.

In terms of how matched betting works, you’ve probably seen one of the bookmaker free bets or incentives mentioned above, advertised on TV.

They usually look something like ‘Signup For a £10 Free Bet’ or ‘Bet £5 For a £20 Free Bet’.

To profit from matched betting, you place a bet on a sporting event with a bookmaker and then lay it off on a betting exchange. By taking advantage of free bets and bonuses when you do this, you end up with a profit.

Whilst it may sound complicated, it’s not. You just have to do it right. This is why so many people use a matched betting service like Profit Accumulator, as it teaches you how to do matched betting AND finds all the best current bets for you (which can take ages if you do it manually).

Keep in mind, Profit Accumulator is fee based, but this is very low in comparison to the matched betting earnings potential. This is why so many people use & trust it. Check out their Free Trial to give it a go. There’s no obligation to sign up, plus there’s the chance to earn yourself up to £40.

How Much Can You Make From Matched Betting?

How much you can make from matched betting is totally down to you. Some people make a considerable amount of money because they spent a lot of time doing it & have learned advanced matched betting techniques. Others are happy making a bit of extra cash each month to help pay for holidays or other leisure activities.

But in terms of how much I made, here’s a snapshot of profits from my first 5 matched bets:

  1. Signup Offer £5 Bet For a Free £20 Bet – £11.45 Profit
  2. Signup And Get Free £30 Bet – £20.38 Profit
  3. Signup And Bet £10 For a £20 Free Bet – £14.31 Profit
  4. Signup And Bet £25 For a Free £25 Bet  – £16.78 Profit
  5. Bet £50 And Get £50 Free Bet – £45.47 Profit

Total Profit: £108.39

Offers and profits will differ, of course (and remember, nothing is guaranteed), but after 5 bets, which took me around 5 minutes each to do, I generated a profit of £108.39.

From that point on, I generally made between £400 – £700 a month, depending on offers available & how much time I put in (I was working too, with a child in tow).

Matched Betting Risks

Is matched betting ‘risk free’?

You’ll often see headlines associated with ‘risk free matched betting’ on blogs & search results, sometimes with references to almost ‘guaranteed’ profits or profits running into thousands of pounds a month. And whilst it’s true the actual formula, upon which matched betting is based, is often considered (in theory anyway) ‘risk free’, there are risks you should take into account.

Human Error

Firstly, it’s really important to remember, (whatever anyone might tell you), that’s there’s never a ‘guarantee’ to making big, small or consistent money with matched betting. How much money you can make from matched betting relies a lot on the quality of free bets, odds available & how much time and commitment you put in.

And whilst it’s often touted as a ‘risk free’ way to make money online, you need to learn & follow the techniques properly. Or there’s the risk of making mistakes – aka human error!

And if you’re prone to addictive behaviours or a bit of a ‘risk taker’ – it’s likely best to steer clear of matched betting. Once some people start to see the potential of matched betting for making money, it can sometimes be tempting to take the odd ‘risk’ (especially if you start doing Casino offers). Once you stray from the matched betting ‘formula’, however, you’re likely treading into regular gambling & almost certain to lose money.

Rapidly Changing Odds

Another risk that I personally fell into was rapidly changing odds. When (or if) you start to do more advanced matched betting offers, especially with horse racing, or offers that involve live sports, odds can change very quickly. In situations like this, it’s best to wait until odds stabilise, but if odds change when you’re right in the middle of placing and laying off a bet, it may mean the profit is no longer lucrative. However, you can either steer clear of these types of situations or stick to simple offers with more stable odds.

Bookmaker Restrictions (‘Gubbing’)

With matched betting there’s also the risk of being ‘gubbed’ by a bookmaker. Whilst matched betting is still perfectly legal, many bookmakers still don’t like it. So if a bookmaker thinks you’re only using your online account for matched betting, they may restrict your account in some way. This usually means they’ll no longer offer you promotional or ‘free’ bets.

This is where a site like Profit Accumulator can prove so helpful, as they offer you tips on how to avoid having your account ‘gubbed’.

Online Matched Betting Guides

A soccer ball. Photo by Tevarak Phanduang on Unsplash.

I didn’t even know what matched betting was when I started, which is why I chose to use of Profit Accumulator to learn what to do. For me, the monthly fee (if you decide you like matched betting the annual fee is really good value) ran at about 2-4% of my profit each month. So not much at all for the return I got.

Of course, you don’t have to use a paid matched betting guide service. All the information you need is available online, for free. However, if you don’t know what you’re doing & want to learn quickly, an established matching betting guide like Profit Accumulator can prove invaluable.

If you’re on the fence about matched betting, (like I was) the Profit Accumulator Free Trial teaches you the process of matched betting in a series of easy to follow videos & offers you the opportunity to do a couple of free bets, where you can earn up to £40. There’s no catch or commitment to signing up.

This is what I did & I was so stunned matched betting actually worked, I signed up the same day.

How Much Do I Need To Start Matched Betting?

To get started with matched betting you’ll need some initial funds – often called a ‘float’ or ‘kitty’.

I started out with £50 and this is perfectly fine to get your started.

If you’ve got more funds available, you’ll have the potential to progress quicker, but either way, £50 is often considered a practical minimum to start with. If you have less, you can just start with the lesser value offers.

Either way, after doing your first offer, your £50 (or £100 etc) should hopefully turn into around £65+ (depending on the offer). Then with your next offer, that £65 grows again. And so on…

Free Matched Betting Guides

The advantage of a site like Profit Accumulator is that the Free Trial teaches you the foundations of matched betting for free in a short time. After that though, you’ll need to pay a monthly fee to benefit from their full service & daily updated offers.

For me, the money I was making more than justified the cost, but a monthly fee still puts some people off, or just isn’t affordable for everyone.

So you can still learn how do matched betting successfully, without signing up to a site like Profit Accumulator or Oddsmonkey. It’s likely to take you more time to learn this way, though, as well as longer to find current, worthwhile bets. This is because you’ll need to spend time tracking down bookmaker offers yourself, some of which are more lucrative than others. So it pays to know which ones to do.

A site like Profit Accumulator also offers you instant access to all the tools you’ll need to start matched betting – from a matched betting calculator to odds matching software. You’ll also become part of a friendly, experienced matched betting community, many of whom will happily help you out at any time. I personally believe it also reduces the risk of human error.

If you’d prefer to research matched betting yourself though, Save The Student offer a solid introduction to matched betting. Please use any information you read about matched betting at your own discretion.

Can You Still Make Money From Matched Betting In 2022?

Some people ask if the matched betting boom is over and ask ‘can you still make money from matched betting?’

It’s true to say that many online bookmakers don’t like matched betting and they’ll ban or restrict your account in a flash if they think you’re abusing free bets.

Saying that, it is still totally possible to make money from matched betting in 2022 & the continued success & popularity of sites like Profit Accumulator & Oddsmonkey are testament to that.

Keep in mind as well – it’s an accepted fact that free bets and bonuses encourage people to sign up to a bookmaker. So it’s unlikely they’ll be disappearing anytime soon.

Isn’t Matched Betting Gambling?

Many people immediately associate matched betting with gambling and consequently high ‘risk’. Matched betting, however, isn’t technically gambling, since it’s based on a mathematical formula, where the element of risk or ‘chance’ is removed.

So done right, matched betting is generally considered ‘risk free’. However, keep in mind, the risk of human error still remains, as well as the risks outlined above.

Is Matched Betting Legal?

Making extra money from matched betting every month initially sounds too good to be true for a lot of people. I initially thought the same. In fact, many people immediately assume matched betting or sites like Profit Accumulator are a scam.

However, whilst bookmakers don’t like it when you abuse free bets, matched betting is a legal source of making money. It’s also tax-free.

Matched betting has also been featured as a legitimate way to make money on sites such as Save The Student, The Guardian and The Telegraph

How Much Can You Make From Matched Betting – Conclusion

How much you can make from matched betting depends entirely on you.

Some people use it short term, as a legitimate way to make some extra cash for a holiday or deposit for a new car, whilst others use it longer term, as a way to bring in a consistent side income each month.

Keep in mind, whilst matched betting is based upon a mathematical formula, human error is still possible. So learn the techniques properly before if you have a go at matched betting or consider using a dedicated matched betting service such as Profit Accumulator.

Disclaimer: Anyone who tries matched betting does so at their own risk.

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