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How much money can you make from matched betting in 2020?
As a complete newbie to matched betting, I consistently made over £500 a month, often up to £700, with my best month reaching £1000.
It’s also not unusual for people to make £1000+ and, sometimes, even up to £2000 a month (some serious matched bettors make even more).
Saying that, it’s not a ‘get rich quick’ scheme either (what is!). However, it is a legitimate way to generate some extra cash in a relatively short time.
I learned the basics of matched betting in a couple of hours, 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 £100s of profit each month.
Why isn’t everyone doing it? Honestly, I don’t know – I think people either don’t know about it or they assume it’s gambling and hence ‘risky’ (it’s not, as matched betting is based on a mathematical formula and considered ‘risk-free’ – more on that below).
What Is Matched Betting?
Here’s what Wikipedia say about matched betting:
It is a betting technique used by individuals to profit from free bets & other incentives offered by bookmakers. It is generally considered risk-free as it is based on the application of a mathematical equation rather than chance.
It’s likely you’ve seen one of these bookmaker free bets or incentives advertised on TV.
They usually look something like ‘Signup For a £10 Free Bet’ or ‘Bet £5 For a £20 Free Bet’.
In terms of how a matched bet actually works, 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.
Sound confusing? It’s really not.
My Initial Matched Betting Income Report
Here’s a snapshot of profits from my first 5 matched bets:
- Signup Offer £5 Bet For a Free £20 Bet – £11.45 Profit
- Signup And Get Free £30 Bet – £20.38 Profit
- Signup And Bet £10 For a £20 Free Bet – £14.31 Profit
- Signup And Bet £25 For a Free £25 Bet – £16.78 Profit
- Bet £50 And Get £50 Free Bet – £45.47 Profit
Total Profit: £108.39
Offers and profits will differ, of course, but after 5 bets, which took me around 5 minutes each to do, I’d made a profit of £108.39.
All in a matter of days.
How Can I Start Making Money With Matched Betting?
I didn’t even know what matched betting was when I started (read ‘ clueless’ into that) so I used the online matched betting site called Profit Accumulator to learn what to do.
The Profit Accumulator Free Trial teaches you the process of matched betting and also offers you the opportunity to do a couple of free bets and earn up to around £40.
Profit Accumulator have had over 100,000 customers use their platform to date and, with the help of their step-by-step video tutorials, I was placing matched bets within a few hours and making profit within 24 hours.
You don’t have to use a matched betting service, of course. Profit Accumulator also isn’t the only matched betting service out there. There are others and some people prefer Oddsmonkey.
But as a beginner, I personally found Profit Accumulator invaluable. I found their step-by-step video tutorials super easy to follow and their online community extremely helpful when I asked a (sometimes daft) question.
Do I Need Cash Upfront To Start Matched Betting?
To get started with matched betting you’ll need some initial funds – often called a ‘float’.
I started out with £50 and this is perfectly fine to get your started.
If you have more funds available, you’ll have the potential to progress quicker, but either way, £50 is often considered a practical minimum 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+. Then with your next offer, that £65 grows again.
And so on…
Free Matched Betting Resources
The advantage of a site like Profit Accumulator is that the Free Trial will teach you the foundations of matched betting for free. After that though, you will need to pay a monthly fee.
For me, the money I was making every month, far outweighed a nominal monthly fee. But a monthly fee still puts some people off.
So you can, of course, still do matched betting without signing up to a site like Profit Accumulator or Oddsmonkey. It’s likely to take you more time to learn this way, though. And I believe you’re likely to make less profit.
Because you’ll need to spend time tracking down bookmaker offers yourself, plus some offers are more lucrative than others, so it pays to know which ones to do.
This is where a matched betting service like Profit Accumulator (particularly for beginners) can prove so immensely helpful.
It provides you with immediate access to the most lucrative and up to date offers (i.e. they do the leg work for you) – plus you get instant access to all the tools you’ll need – from a matched betting calculator to odds matching software.
You also become part of an experienced matched betting community who can help you out at any time.
Personally, I also think using a quality and established matched betting service helps reduce the risk of ‘human error’. But that’s just my view.
If you’d prefer to research the basics of matched betting yourself though, here are a couple of independent, free resources to help get you started:
- Save The Student offer a solid introduction to matched betting
- Matched Betting Blog offer an introductory step-by-step guide guide to matched betting compiled by an established matched betting blogger.
Do Women ‘Really’ Make Money From Matched Betting?
Loads more women make money from matched betting than you might think (or I certainly realised). When I started asking how much money can you make from matched betting, I was in a position where I needed some extra income. Initially though, I was a bit nervous about trying out something I assumed was male dominated and even ‘risky’.
But once I started to really understood how matched betting worked, I quickly saw it’s potential for anyone to make money from.
After that I didn’t look back.
Here’s a thread on Mumsnet dedicated to matched betting, plus a short video below, featuring clips from women who’ve made money via Profit Accumulator:
Can You Still Make Money From Matched Betting In 2020?
Some people are starting to wonder if the matched betting boom is over and ask ‘can you still make money from matched betting in 2020?’.
It’s true to say that many online bookmakers don’t like matched betting and they’ll ban you (officially termed as ‘gubbing‘) in a flash if they think you’re abusing free bets (which is fair enough really).
Saying that, it is still totally possible to make serious money from matched betting in 2020 and many people are doing so right now.
Here are some examples of people who made between £600 and over £2000 in December 2019.
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 ‘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, there is always still the risk of human error.
How much money you make from matched betting also relies on the quality of free bets, odds available, as well as how much time and commitment you put in.
Is matched betting legal?
Making £100s of extra money from matched betting every month sounds too good to be true for many people. Honesty, 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 100% legal source of making money.
It’s also tax-free.
How Much Can You Make From Matched Betting: The Verdict
How much money 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.
Personally, I used matched betting to consistently make over £500 a month. It’s not unusual, though, for more serious matched bettors to make between £1000 and £2000 month.
Keep in mind, whilst matched betting itself as a process is considered ‘risk free’, human error is still possible. So my advice is to make sure you fully understand the basics first (it’s not hard), then work your way up to more advanced matched betting methods when you’re ready (and only if you want to of course).
If you want to try matched betting via Profit Accumulator like I did, you can check out their Free Trial here. If you don’t see the potential to make money (I think you will), you haven’t lost anything.
The Free Trial also offers you the potential to make around £40 without any obligation to sign up for the monthly subscription (as of Jan 2020, this is £17.99).
For me, matched betting is one of those pretty rare opportunities to make some extra money online that actually works.
Disclaimer: Whilst matched betting itself as a mathematical process is considered ‘risk free’, matched betting still runs the risk of human error. Anyone who tries matched betting does so at their own risk.