Matched betting has long been recognised as one of the most profitable ways to make money online, but just how much money can you make?
It’s a question with no set answer, as the amount you can earn depends on a number of different factors.
In this guide I’ll give you an idea of how much you should be able to earn based on your own personal circumstances.
Matched betting is 100% safe if done correctly, so try to think of your initial funds as an investment. You’ll get that money back, plus a whole lot more on top!
You might think the more money you have, the more money you can earn, right?
That’s not the case with matched betting. Your starting bankroll doesn’t determine how much money you can make, it just plays a big part in how quick you’ll be able to progress.
If you start small, you’ll need to do one offer at a time while you build your bankroll up. A larger bankroll enables you to do multiple offers at the same time and make money quicker.
One of the questions people often ask me is ‘Can I still do matched betting if I’m signed up to bookmakers already?‘
Yes, you absolutely can!
I’d been using bookmaker accounts for a long while before I discovered matched betting. I’d used (and wasted) most of the sign up offers, so I was left kicking myself when I realised that I could have made risk-free profits from them.
If you already have some bookmaker accounts, it will limit the amount of profit you can make from sign up offers. Sign up offers are just the starting point though. You’ll still be able to take advantage of reload offers, which are those that target existing customers.
The good thing about already having some bookmaker accounts is that it helps you look like a regular punter, which should be good for account longevity.
There are over 50 sign up offers listed on my New Customer Offers page, so chances are there are plenty for you to take advantage of!
Another question I get asked a lot is ‘Do I need to have betting experience to do matched betting?‘
No, not at all!
I post detailed step-by-step guides that show you how to profit from each offer. Even if you’ve never placed a bet before, you’ll soon get the hang of it, it’s pretty straightforward.
I’ve never been a huge bettor myself. I just used to play around with small stakes at big odds to try and land a big win (never happened). If I was watching a football match, I might bet a couple of quid, or if I was following the scores on a Saturday afternoon, I might place an accumulator. I just found it made things a little more interesting.
Whatever your betting history though, matched betting is a much better way of using your bookmaker accounts.
It’s a common myth that you need sports knowledge to do matched betting.
You really don’t.
It might all seem a bit alien at first if you don’t follow sports. I always have newbies in mind though when I write my guides, so it shouldn’t take you long to get to grips with.
The great thing about matched betting is that you don’t need your selections to win. By covering all outcomes, you make profit no matter what happens. This means you’re not reliant on sports knowledge when making your selections.
To be honest, even if you did need to pick a winner, emotion can often blur the lines, so having no sports knowledge can actually be a benefit.
So, you’ve learnt that betting experience and sports knowledge have no bearing on your profitability, but the one thing that really does is time.
How much time can you commit to matched betting? How much effort are you willing to put in?
30 minutes each day could make you £250 profit per month. If you can spare an hour each day, £500 a month is definitely achievable. That’s just doing the basic offers too.
My Profit Log lists every offer posted since I started Matched Betting Blog back in 2014.
There is the potential to earn even more if you’re willing to commit more hours and learn some of the more advanced matched betting methods.
I’ll help you find the offers, so that you can focus on bagging those profits!
Everyone makes mistakes. It’s all part of the matched betting learning curve.
Sometimes, mistakes will go in your favour and other times you won’t be so lucky. They should balance out to an extent over time, but they do have the potential to eat into your profits.
Take the time to follow the guides step-by-step and always double check your bets before placing them.
It’s important to mention that this is not a get-rich-quick scheme. Matched betting is a way of making some extra cash in your spare time.
The more you put in, the more you get out.
If you spend one hour each day and make £500 profit, that’s an hourly rate of £16.67, which is the equivalent of a £30,000 salaried job, when scaled up. That’s pretty damn good and don’t forget all matched betting profits are 100% tax-free!