What Is Matched Betting?

What Is Matched Betting?

What is Matched Betting?

To be honest, “What is matched betting?” was the very question I was asking myself not so very long ago when I first signed up with Profit Accumulator.

I was looking for another string to add to my bow of various side hustles and I needed something that: –

  • Wasn’t time consuming
  • Could be fitted around a working day
  • Didn’t require a trade off in terms of providing a service for someone and getting money in exchange
  • Could be done from anywhere
  • Earned me a good amount of money in a relatively short space of time

In other words, wasn’t like a normal job!

So, in a nutshell, ‘What is Matched Betting’?  Well, it’s not betting in the traditional sense as I like to win and betting/gambling, as we all know, is commonly referred to as a mugs’ game.  You’ll probably have heard of some of the various bookies/turf accountants from walking down most high streets e.g. Coral, Ladbrokes and William Hill.  Well, these bookies have websites too where we can create accounts and start the matched betting journey.  You can do it all from the privacy of your own home – no visiting bookies in disguise!

When you place a bet at the bookies you are backing a team / horse [or whatever] to ‘win’.  This is called placing a ‘back bet’.

What you may not have heard of is an ‘Exchange’.  The most common ones are Betfair, Smarkets and Betdaq.  This is where we can place a ‘lay bet’ against a team / horse [or whatever] to ‘NOT win’.  This is called placing a ‘lay bet’.

With matched betting you have to place both a back bet and a lay bet i.e. you are matching your chances whatever the outcome of the race or match.  In other words, if your bet loses with the bookie you will win in the Exchange and if your bet loses at the exchange you will win at the bookie.

It’s a win/win situation.

What is Matched Betting? – Do I need to know about sport?

The very short answer to this is no.  I loathe football but I have been merrily placing my bets on football teams from across the world.  I don’t watch the matches – EVER!  I just make a note of when they’re taking place and then cash out.

I have actually preferred to stick with football match betting as opposed to horse racing for the simple reason that I have found the odds to be far more stable.  When I started out, I picked football matches that weren’t happening for a few days as I definitely saw that the odds were less changeable.

What is Matched Betting? – Do I need to understand odds?

No, you don’t need to understand odds as Profit Accumulator help you with their special software program.  You get training videos to help you get started and understand the process.  Everything is clearly explained so you don’t need to be a bookie to understand how it works.

Like anything, the more you do something the better you will get at it.  I took things slowly in order to get used to how it all worked.

What is Matched Betting? – What do I need to have in place?

You need a laptop/computer but you can do it on any device you choose.  However, I would definitely recommend starting off on a laptop/computer as you need to open a few windows in order to access the information you need – particularly in the early days.

I would also recommend setting up a new bank account so you don’t get mixed up with your bets and get in a mess with the current account that pays the bills.  I set up a simple Halifax online account and I got my cashcard sent after just a few days.

You will also need to have identification paperwork to show you are over 18.  You may also be asked to send a utility bill etc to validate your account but again, that’s covered by the training in Profit Accumulator.

What is Matched Betting? – What can I earn?

You can earn a considerable amount if you are dedicated to it!  I started with a float of around £130.00 and I have now made a few hundred pounds in a very short space of time.  This is because I’m fitting it around other things and I have taken it slowly to ensure I do things correctly.

Some people do this as a serious income generator and can earn £1000 – £2000 per month.   This normally requires approximately 2 hours of work per day and you would need to have a float of about £2000 in place in order to do this.  However, why not start small like me and see where it takes you?

Also, earnings from matched betting are NOT taxable which is amazing considering virtually every other income option out there is subject to tax.

What is Matched Betting? – Who is it for?

The answer is anyone over 18!  Whether you’re a graduate looking to earn some cash whilst you search for the career of your dreams, a stay at home mum or someone looking to top up your retirement income it really is possible.

As a qualified lawyer I am probably one of the most suspicious people out there when it comes to scams.  However, this was an amazing surprise to me and as the training states on Profit Accumulator, it really is a goldmine opportunity.  Bookies are handing out free bets all the time and this is a legal, legitimate way to turn their free bets into cold, hard cash.

Give it a go right here!

Here’s to life on your terms,

Rachel a.k.a The Life Hack Tutor

Pin It For Later

What Is Matched Betting?

What Is Matched Betting?

 

Leave A Response

* Denotes Required Field