Matched Betting Explained – My guide to make tax-free cash
I have written quite a bit on Matched Betting, from my Matched Betting for Dummies guide, to my OddsMonkey Review (the tool I use to make £1,000 tax-free per month), I thought though in this guide, that I would explain Matched Betting.
Contents
1- Matched Betting Explained
2- What is Matched Betting?
3- How does Matched Betting work?
4- Is Matched Betting legit?
5- How do I make £1,000 every month?
6- Things you need to make cash from Matched Betting
7- How much can I realistically make?
8- How do I get started Matched Betting?
1- Matched Betting Explained
Ok, this is my guide explaining matched betting and specifically how I make £1,000* tax-free every month from it. Just a quick caveat here though first, I don’t always make £1,000 each and every month. Depends on how much time I put into it. On average across my time doing matched betting it’s worked out as about that. Ok, so hope that’s clear.
2- What is Matched Betting?
Matched betting, put simply, is the process of extracting guaranteed, risk-free profits from free bets and bonuses offered by bookmakers (almost always online bookmakers). Many people believe that gambling is a mugs game that is almost impossible to profit from, and they would be correct. However the techniques used in matched betting remove all risk and guarantee profits, and significant profits at that.
3- How does Matched Betting work?
Matched betting works by placing bets on every outcome of a particular event. By doing this we are guaranteed to win one of our bets, but we are also guaranteed to have some losing bets. If we were to place each of these bets with our own money we would end up making a loss. The magic happens when we place one of our bets with bonus money gifted to us by bookmakers. By using this bonus money to cover one of the event’s outcomes, we are guaranteed to make a profit! Check out the video above for an
4- Is Matched Betting Legit?
Yes, Matched Betting is legit. I have written about this extensively over on Is Matched Betting Legal? A Scam? A Con? A Get Rich Quick Scheme? so I won’t bother rehashing all of that here.
I’ll just say that Matched Betting is legal, not a scam, not a get rich quick scheme, and is legit.
5- How do I make £1,000 every month?
When it comes to making £1,000 profit every month (or there about) there’s no real secret. Consistency is key. If you can dedicate around 30 minutes of your time every day to matched betting you will be able to make a healthy amount every month. This is made easier with the use of a matched betting service, that sources all the opportunities for you and helps to maximise profits (I use Oddsmonkey).
6- Things you need to make cash from Matched Betting
The first thing you need is a matched betting service. I use and recommend OddsMonkey. There are others available, and I have tried the vast majority, OddsMonkey is by far the best. That’s just my opinion anyways. I have written extensively about OddsMonkey across this site so if you want to find out more then check out my OddsMonkey review.
The second thing you need is cash. There is no point me pulling the wool over your eyes like other matched betting blogs, here in matched betting explained, I will lay out the truth. The more cash you have, the more bets you can place at the same time, meaning the more profit you can make. If you don’t put money aside after each round of betting, or have a small amount of cash to start, it will take you longer to make more profit. To be fair, if you put all your winnings aside, even if you start small with a starting fund of £50, you can after some months be placing enough bets to rake in £1,000+ every month.
7- How much can I realistically make?
With very little effort you can make £500+ each month, with a bit more effort there’s no reason why you can’t smash £1,000 each month. As mentioned previously, it’s all about consistency. If you take advantage of all available offers on Oddsmonkey you will maximise your profits.
8- How do I get started Matched Betting?
The best place to start with OddsMonkey. This is the service I use to make £1,000 tax-free each month. But, for complete beginners, they have a huge range of guides and training, including, written and video guides. If you want to make any cash from Matched Betting this is the best thing to do to start.
Sign up for OddsMonkey’s Free Trial, run through their guides, and then get straight into making cash. You can make up to £45 in the Free Trial. In a couple of days you will be making profit. It’s as easy as that. Once you have complete the Free Trial, sign up to Premium and start making around £1,000 tax-free each and every month.