Frequently Asked Questions

Legal

General

Can I use multiple bookmaker accounts?

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?… I’m not sure there’s a definitive answer for this. The worst the bookmakers will do is close your accounts. The act of setting up multiple accounts with fake credentials is essentially fraud though, so it’s best to leave the idea well alone.

Finance

What is the best bank account for matched betting?

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.

How does matched betting affect mortgages?

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.

Does matched betting affect your credit rating?

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.

Newbies

Can I still do this if I already have bookmaker accounts?

Yes, you certainly can! You won’t be able to do their sign up offers but those are just a starting point. You’ll still be able to take advantage of their reload offers for existing customers.

Not only that, there are over 50 bookmaker sign up offers listed on my New Customer Offers page, so chances are there are still plenty for you to take advantage of!

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

How much can you make from matched betting?

£500.00 profit is achievable each month by spending just an hour a day matched betting.

There is the potential to earn even more if you have more time to commit. With matched betting, you certainly reap what you sow.

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

Is matched betting safe and risk-free?

Matched betting is 100% safe and risk-free, but only if it’s done correctly.

By covering all outcomes of an event, we are guaranteed to make a profit whatever the outcome. Mistakes can happen though, so care must be taken when placing bets.

Learning the matched betting process is not something that should be rushed. It’s important that you read my guides carefully and understand how matched betting works before you get started.

Do I need betting experience or sports knowledge?

Matched betting is available to everyone, regardless of your betting experience or sports knowledge. It’s a simple process where we 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.

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

Do I need to be good at maths?

Matched betting involves stakes and odds, so being good with numbers is certainly a benefit.

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

I’ve created a matched betting calculator that does all of the hard work for you. Just enter your stakes and odds and the calculator will do the rest!

How much money do you need to start matched betting?

£300.00 is an ideal amount to start matched betting with, but you can start with as little as £50.00.

Your starting bank doesn’t limit how much you can earn, only how quick 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.

Take a look at my ‘How Much Money Do You Need to Start Matched Betting?‘ article for more in-depth information.

Can I earn a living from matched betting?

I’ve spoken to plenty of people over the last few years who have given up 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.

There’s a lot to learn, but it’s certainly a possibility for those with the determination and commitment required.

How long does matched betting take?

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 offer.

If you’re looking to earn around £500.00 each month, you’ll need to spend around one hour each day matched betting.

Take a look at my ‘How Long Does Matched Betting Take?‘ article for more in-depth information.

Next Step
Matched Betting Guide

Get Started

Comments


  1. Joe

    Guest user

    Hi cool blog I was wondering is it still possible to make serious money matched betting without getting involved with the horses as I don’t agree with horse racing but I like the idea of matched betting on football etc?

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    Reply
    1. Matt

      294

      There’s money to be made from other sports Joe, but horse racing is certainly a big part of matched betting. I can understand your stance with regards to horse racing and it’s good to see that they’re looking to introduce measures to make racing safer for the horses.

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      Reply
  2. Neil H

    Guest user

    On your calculator it brings up the commission as 5% and how much the lay bet must be. With Betfair commission now at 0%, I take it this will adjust the lay bet amount you need to place.

    +0
    Reply
    1. Matt

      294

      The ‘Lay commission‘ field is now blank by default Neil, so you can simply enter the percentage that applies to your exchange account to get the correct lay stake.

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      Reply
  3. Jon M

    Guest user

    Hi Matt,

    I’ve followed your blog for a few months and everything’s going well. However, I have just had an email from another guy warning me about ie snare. Do you know anything about this? Do I need to worry?

    +0
    Reply
  4. M. Gilroy

    Guest user

    What betting sites let you back on place only.

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    Reply
  5. Dan

    Guest user

    Hello. Can you tell me a site which compares betfair odds to the following sites?

    Netbet, winmasters, stanleybet, casapariurilor, betstars, efortuna, superbet, sportingbet, unibet, betano, mozzartbet, baumbet, admiral, efbet, getsbet, redsevens, publicwin, maxbet, 888sport.

    These sites are the only ones that are available in my country but if I look up manually I find much higher odds to lay on betfair than those offered by the bookies above. Thank you.

    +0
    Reply
    1. Matt

      294

      OddsMonkey have a great Oddsmatcher tool that features a few of those listed bookmakers.

      Hope that helps.

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      Reply

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