Is Matched Betting Legal? A Scam? A Con? A Get Rich Quick Scheme?

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Is Matched Betting Legal? A Scam? A Con? A Get Rich Quick Scheme?

This is something that concerned me a great deal at the beginning. I am not one to do anything illegal, at all. When I first heard about matched betting I felt that it was too good to be true. I thought ‘is matched betting a scam?’, ‘is matched betting a con?’, ‘is matched betting legal?’, or is it some kind of get rich quick scheme.

I have decided to answer these questions as simply and as frankly as I can.

Is Matched Betting Legal?

Yes, Matched Betting is legal.

Is Matched Betting a Scam?

No, Matched Betting is not a scam.

Is Matched Betting a Con?

Nope. Matched Betting is not a con.

A Get Rich Quick Scheme?

No, it’s definitely not a get rich quick scheme.

Let me explain further

Ok, let me explain this further because a lot of people I talk to about matched betting instantly think something is off. As I said above, it is legal, is not a scam, not a con, and definitely not a get rich quick scheme.

Matched betting is legal because you aren’t doing anything that could be considered illegal.

Don’t take my word for it

Matched betting is legal and a spokesperson for William Hill has indicated that the betting industry does not have a problem with this use of free bets’ – Wikipedia

Graham Sharpe, from William Hill, says the industry does not have a problem with matched betting. “There’s no illegal element,” he says. “It’s a free bet and you can do what you like‘ – Telegraph

It’s important to realise that matched betting is not akin to gambling. It’s a rare legal example of playing the system, which is recognised by the gambling industry. The bookmakers appear to have no issue with it because even they don’t lose out. Whilst it isn’t gambling, it does benefit from the fact that winnings from gambling activities are not currently taxed in the UK‘ – Huffington Post

What next?

I hope that helps to reassure you. In the end, as it is legal and not a scam, you just have to do be confident in it to give it a try. Obviously, if you aren’t confident in it, then I’d recommend doing some more research and prep work. That should help. If you want to go ahead and dip your toe in the water, then it is worth grabbing a matched betting service free trial so you can work out if it is for you or not.