Frequently Asked Questions

When you’re first considering matched betting, there are some questions that come up time and again. Below are the most common ones, but if there is anything not covered, please feel free to leave me a comment at the bottom of the page. I usually respond within 24 hours.

Once everything is clear, dive into my matched betting guide to learn how the process works, and walk through profiting from your first offer step by step.

Newbie

£500 profit each month is easily achievable by spending an hour a day matched betting. There’s the potential to earn even more if you have the time to commit.

Take a look at my ‘How Much Can You Make From Matched Betting?‘ article for more in-depth information.

It takes around an hour to get started and then 15 minutes to complete each offer. The more offers you do, the quicker you’ll find yourself completing each one.

If you’re looking to earn around £500 each month, you’ll need to spend around one hour per day matched betting.

For more in-depth information, read ‘How Long Does Matched Betting Take?‘.

I’ve spoken to plenty of people over the last few years who have given up their day jobs to do matched betting full-time. It involves learning the more advanced methods and taking your matched betting to a whole new level, but it’s certainly a possibility for those with the determination and commitment required.

If you’re just starting out it’s best to view matched betting as a way to earn some extra money on the side, then take it from there.

Matched betting is available to everyone, regardless of your betting experience or sports knowledge. It’s a simple process where you cover all possible outcomes to make guaranteed profits, no matter what happens.

Having no betting experience can actually be good thing, as it means you’ll be able to take advantage of more sign up offers, which means more money in your back pocket.

If numbers aren’t your thing, there’s no need to worry.

Being good with numbers would certainly help if you were manually calculating stakes and odds, but I’ve created matched betting calculators that do all the hard work for you. Just enter some info about the offer you’re claiming and the event you’re betting on, and the calculator will do the rest!

Matched betting is a perfectly legal and legitimate way to make money online. It’s a simple betting strategy that enables you to turn bookmaker’s free bets and bonuses into cash.

For more in-depth information, please see my ‘Is Matched Betting Legal?‘ article.

Done correctly matched betting is 100% safe and risk-free.

By covering all outcomes of an event, we are guaranteed to make a profit whatever the outcome. Mistakes can happen though. Sometimes they will work in your favour, other times they won’t. The important thing is to take care when placing your bets.

Take your time when learning the matched betting process. Read my getting started guide carefully and understand how matched betting works before you start placing your bets.

You can start matched betting with as little as £50. Your starting bankroll doesn’t limit how much you can make, only how quickly you’re able to progress. It’s perfectly fine to start with a small amount, you’ll just need to focus on the smaller offers initially while you build your bankroll up.

For more in-depth information, read ‘How Much Money Do You Need for Matched Betting?‘.

You certainly can! With over 50 bookmakers in the UK, it’s unlikely you’ll have an account with all of them. Even if you do, you can still take advantage of their reload offers for existing customers.

My New Customer Offers page lists every UK bookmaker’s welcome offer, with a complete guide on how to profit from each one. I also post reload offer for existing customers every day, so you need never worry about running out of offers.

General

Multi-accounting, or gnoming as it’s often referred to in matched betting circles, is unfortunately a no go. Bookmakers use systems to flag up users that are running multiple accounts. If you’re found to be doing this, your accounts will be closed and you may lose any funds you have in them.

Is multi-accounting illegal? There’s no definitive answer for this. The worst the bookmakers will do is close your accounts, but the act of setting up multiple accounts with fake credentials is essentially fraud. While it’s tempting and easy to do, it’s best to leave the idea alone.

Many people use a VPN to give themselves an extra layer of security online, but it’s best to avoid using one whilst doing any matched betting.

Using one is often against a bookmaker’s terms and conditions and may result in your accounts being closed and any winnings withheld.

Take a look at my ‘Matched Betting and VPNs‘ article for more in-depth information.

Finance

Monzo and Monese are two very accessible app-based banking options, both with excellent reputations. High street banks are also a solid option as you only need a standard current account.

There are other options such as e-Wallets and prepaid cards, but there are drawbacks to using those payment methods.

Take a look at my ‘Best Bank Account for Matched Betting‘ article for more in-depth information.

Matched betting won’t affect your mortgage application, as long as you’re prepared. You’ll need to keep your matched betting activity separate from your main bank account.

Take a look at my ‘Matched Betting and Mortgages‘ article for more in-depth information.

Bookmakers are entitled to verify your identity as part of their anti-money laundering checks. These checks won’t affect your credit score in any way.

Take a look at my ‘Matched Betting and Mortgages‘ article for more in-depth information.

Walk Through Your First Offer Step by Step

Learn the basics of matched betting and make £50 in the process.

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