how much have people made and with what sized bank

I started this with £200 total bank. That made the early days hard, having to wait for money to flow to and from bookie accounts, into and out of exchanges, etc…

If you can start with more then it will only make life easier.

I now never have less than £1500 in my exchange accounts in order to take up as many offers at the same time as I see fit.

I am not in the habit of broadcasting my profits (plenty on here are though!) but safe to say that I do better than this blog’s monthly target of £500 per month, even in the more restricted landscape than existed a year ago.

In terms of what offers Matt (site owner) does, many believe his profit log is more of a paper exercise than an actual list of bets he has placed. He never posts acca refunds offers either, no, but there are plenty of threads on here about those too – they were flavour of the month a while back, although seem to have died down a bit now.

£800 is a very healthy starting point. I started with £50 and had to gradually build up to where I am now. I have about £2k in my exchange and about the same floating around in various bookies and the bank etc – more than enough to do day-to-day stuff and I only add more if theres a big horse festival on or I’m waiting for funds to clear etc. But I think the main benefit of a large float is the amount of offers you can do at once so with nearly a grand you should be ok. Take it slowly though, you need to learn the craft and no amount of reading can prepare you for your first mistake! Start off with bookies that have the “bet x get x” offers first before moving on to rollover offers, these seem to really catch people out.

Be aware though, this is NOT a long term occupation, with gubbings and restrictions the way they are now it seems most people only get a few years out of it.

HTH

You will not be able to use this as a reliable income to live on. A year on from starting you will be banned from betting on the majority of the sites and be unable to continue, unless you have relatives/friends for multi accounting, but that’s a different ball game.

A year of simple Matched betting should net you an easy £5k, taking it advanced (still easy) can earn you double that. This is all dependent on how you play it to keep under the bookies radar and avoid a gubbing. (I’ve done this 8 months and gubbings on major betting sites are a plenty)

I would never use it as a means of income/to replace an actual job. It is spare money. At the moment I am using profits to clear off a loan. Hoping to get it cleared by the end of this year where otherwise it would have been hanging over me until late 2018. Others put the profits away to help save for a house deposit or for extra holiday funds. If you need it to pay the bread or to cover the rent – then you are living dangerously and eventually the month will come where you don’t eat or get evicted!

Like ppl have said – its unreliable. Your accounts may last a week or they may last a year.

It is not something that everybody can pick up. Its not risk free. From reading some of the posts on the forum I can see its not suitable for everyone.

It’s possible to make 500-1000 per month but for that it takes some work. Each offer on its own is not really worth much to be honest – probably £5 to £10 at best. So you are looking at hoping to get on 100 different offers in a month ie 3 to 4 per day. You would need to consistently be putting in at least an hour per day. Doesn’t sound too bad I guess but if you don’t have an interest in gambling or sports then I think some ppl find it boring and not worth it.

As for what size float. I would start small as the lads suggested, you need at least £250 in the exchange (that would cover you if you need to lay about £25 on a horse at 10/1 as you would often find yourself doing to extract free bet profit.) and enough in the bookies to get your backs on – maybe keep a balance of £25 to £50 in each active bookie account. I don’t keep a huge float as it is and it does hamper me sometimes – I maintain a balance of €500-€1000 in smarkets.

You should do some homework and start mapping it out yourself. If you understand the process then you won’t have to ask this sort of question, just sit down with a spreadsheet (or the back of an envelope) and do some planning. If you don’t understand the process then you will need to spend ALOT of time on each offer and will probably make alot of mistakes.

Good luck!

Reading the above people are being very tentative or just not as good as they claim to be!

2 grand a month is defo easy once u know how (I’ve broke that barrier the last 3 months with many gubbins!). Maybe say 1 grand for those not as skilled. I try to post the offers I do unlike as pickle says some smart arrses on here….however I lot also comes from arbs and my own skill at doing these

Yeh FACTUALLY not everyone has the skillz so have to be more careful

Wonder if being a matched bet “professional” would count for claiming working tax credits. No different to dog walkers, big issue sellers, nail bars,child minders etc. imo