Matched betting for a living

  • I was considering going full time with matched betting. I’ve only just started and I currently have a job but it ends after the summer. I was wondering how much people who do it full time are averaging. Even people who don’t do it full time, how much do you average? How much time do you put in to achieve this. What are your top tips for matched betting for a living?

  • New to matched betting?

    My Matched Betting Academy is the best place to get started. Learning the fundamentals takes 10-15 minutes and you’ll make £15 in the process.

    Learning the fundamentals takes 10-15 minutes and you’ll make £15 in the process.

    Col 1

    I certainly don’t earn enough to live off. It has just paid for my holiday to Ibiza next week though 🙂

    Honestly… I probably clear a couple of hundred quid a month, and that’s from an investment of maybe an hour or so midweek depending on what offers are about, and about 2 hours on a Saturday morning while the Mrs is at yoga.

    I’m normally impatient, and tight on time so I sacrifice some profit on higher qualifying losses so I can get on with my day.

    I reckon if you were absolutely hammering it for 8 hours a day 5 – 6 days a week your accounts wouldn’t last longer than a couple of months.

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    deathstar 25

    I can vouch for that. I used to make £1k per month pretty easily, usually more, for a few years but this month I struggled to get to £600 (and worked far too hard for it) simply because I have been gubbed and limited on every account I have. I can’t multi account or use shops so it looks like im coming to the end of this particular journey.

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    supert 3

    With a £6k exchange balance a few betting accounts and access to bookies shops should easy be able to earn min £2k per month full time. Mostly arbing and ew arbing without doing offers or needing many accounts…. I only have dafabet and 10bet and nip to shops but still made £350 on Sat on a day off from work… only started after 2.15pm too! If i had a full set of accounts could easly scale up and make bigger money.
    Dont give up the job justyet trial putting big stakes on ew arbs first and see how you go for a few weeks before making a descision

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    beesty2016 3

    With me I was was always going to quit my teaching job last summer anyway and timing fell into line for things to work out. I said I would regret not giving it a shot so went for it.
    I have strict rules and will write them here.

    1) I always have a starting float of 10k. If that float due to living or whatever happens goes down to 5k then I will look for another job.

    2) I do it in 3 month blocks where I have to pay rent, bills and other living expenses and will always invest £2k into the stock exchange. This means I am saving a min of 8k a year so if and when I go down to 5k I know I have not wasted my time e.g. I will always have something to show for it.

    Some will ask and say where am I at. Have I ever been in danger of going down to 5k and everything else.

    The good news is no although at the beginning of April due to a change in a bookies terms and conditions that I did not realise happened the week before I got stung for 1.2k. This put me down to 9k but inspired me to work harder! Since then I have managed to get into a position where I am ahead of the game until mid December if I can break even from this point.

    I know I need to get ahead as for what I feel I am good at there is more of it around in the summer when compared to the winter. Although, I do know what I need to do to make money in the winter I think it will require a lot more effort.

    Also you have to realise one thing and this can be a good thing or bad thing. Only you can control where your next £1 comes from. Even though I had the time for it, the first 2-3 months felt hard as suddenly on the last working day of the month I was not receiving any money. Also I double layed a horse once that cost £400 so you could make mistakes and it is hard to get over this knowing you have got nothing coming back in.

    The thing I enjoy the most though is control. Sticking to these rules I do not feel too stressed and know that is pretty much a case of identifying where I want to make money in a given day and then choosing whether to do it or not. It is nice having a life with very little commitments.

    Good luck if you do go for it but I would always say you need a set of rules before going for it. I know if I do go down to 5k I would probably have 6 months to find a job from that point.

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    silent-devil 2

    I’ve done matched betting for just over 3 years, 18 months ago I quit my job to do it for a living, it’s easily been the most profitable 18 months of my life, last year I was making around 700 a week but over time due to gubbings and restrictions I would say I make around 400 a week now, so I think over time it does get harder to make money, completely agree with beesty, if your float gets down to a certain point time to move on back to work

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    Chris 18

    I quit my job end of April and took two months off before starting a new job just over a week ago.

    In May, I managed to make my previous take home salary in three weeks thanks to Chester and York festivals but by the end of that month I was becoming incredibly bored and mentally tired from all the work this entails. June was quieter because of the loss of enthusiasm hence I was pleased to have found a new job. All in all over the two months I made more than enough to live on but the contribution to my savings dwindled big time and thats what I do this for, so I can buy a house.

    Its possible but I think boredom and flat season are your biggest enemies as well as account gubbings and closures.

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    FoG_BLoG 47

    The main two problems with going full time matched betting.

    1. Banks don’t want to hear about you. It will reflect bad when applying for loan/mortgage that there are gambling transactions all over your accounts and that you have no fixed income.

    2. A regular job you tend to get promotions and pay rises. With matched betting you tend to get gubbings and stake restrictions. There is no real career path, but quite the opposite. You might think 2K per month is great for watching sport when maybe you are currently earning that or less on your current job. But this time next year with gubbings etc your matched betting income might be 1K whereas if you stuck and applied yourself at your real job then you might be seeing 2.5K with rises and benefits etc….. and getting better month by month.

    I would always advise against it. Only a very few on here do it full time and they are the cream of the crop and I wish them well but even they will accept I am sure that there is less stability, and dodgy long term prospects.

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    FoG_BLoG 47

    Oh and after it all dries up and you are looking for a new/first position then try explaining in an interview what you’ve been doing the few years. You’ll look like you’ve arrived straight from gamblers anonymous plus no real proper work experience earned over that time…….

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    Chris 18

    Yeah definitely dont take years out, there will be question marks about big gaps on your CV. I know I was only out two months but at the three interviews in total I had, no one asked me what I had been doing, I actually took the initiative and said I had been learning new skills (technically true) and doing volunteer work (posting on this forum).

    Analyse the jobs market too, if you live somewhere like me in London, its less of a problem to find another job but thats not true across the country. Also, have a float and limit like beesty says, I budgeted 4k on top of any matched betting earning but I ended up only spending £800 over the two months plus around £360 that I lost on a mess up bet.

    Like I said though, main reason that prompted me to look for a new job after a short time was boredom, its hard work and mentally draining even just checking markets everyday let alone betting and taking profit. Its killed my interest in it and although I’m still making around £300 a week, I just cant be bothered looking most days.

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    78naD 2

    Hahaha “and doing volunteer work (posting on this forum).”

    @Chris
    , enjoyed that bit haha 🙂

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    beesty2016 3

    Also just another thing I agree with a lot posted above. On my cv I have wrote self employed professional sports trader.

    I don’t know how that would work in the future but makes it sound exciting in my opinion.

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    FoG_BLoG 47

    Self employed sports trader! Nice one 🙂

    Sounds exciting too in my opinion, but I think it could go either way in an interview. Depends on the opinion of the interviewer!

    Anyway I hope for you that hurdle is quite a distance away. Seems like you are still doing great.

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    westmatch 29

    Quite a good answer if you’re being interviewed for a job at Star Lizard!

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