Matched Betting Tips and Best Practice
As I’m sure you are aware by now, matched betting is a great way of making an extra income. Its easy to do and the amount of profit you get for the amount of work put in is incredible. With this in mind, it can become easy to get complacent, and not maximise the full money making potential. For this reason I thought it would be a good idea to piece together some of the best matched betting tips and best practices I have been using myself for the last few years to ensure that I am getting the most out of matched betting.
Matched Betting Tips
Routine
Getting into a good routine can help you maintain consistent monthly profits. If you set aside 30 minutes of your time each day to dedicate to matched betting, you will ensure that you are making money every day. If you can’t manage every single day, make a schedule of the days you can do, and stick to it! Of course, there will be some days where the sheer amount of opportunities and the large amounts of money on offer will require you to spend slightly longer, but the pay off is worth it.
Consistency
Leading on from the last point, consistency is key. Setting a routine in place is one thing, but sticking to it is another. If you can consistently take advantage of just half the offers on oddsmonkey, you will be making a healthy amount each month.
Be Motivated
This one might seem obvious, and for most people, making money is enough motivation to continually do something. However this is not the case for all. If you find yourself putting off matched betting or thinking to yourself that you’d rather do something else in your spare time, try calculating how much the hourly wage is that you make from it. If this doesn’t make you realise that its time well spent, try getting a friend involved. When you have someone to talk about it with, it can become a lot more interesting. And when they tell you how much they have made it will guilt you into getting on with it! If you’re friends are completely new to matched betting, point them in the direction of our matched betting guide for dummies.
Track Your Profits
Its very important that you track not only your profits, but where all your money is in relation to betting accounts. This can either be done using a spreadsheet or a matched betting profit tracking tool. With so much money coming in and out of accounts, you need to know where your money is and what you are waiting to receive. Trust me when I say this will save you a lot of confusion down the line.
Don’t Drink and Matched Bet
Okay, so this might sound slightly ridiculous, but seriously, don’t do matched betting whilst under the influence. Whilst matched betting is an easy and simple way to make money, it still requires concentration. Making a mistake and costing yourself profits will not do your hangover any favours.
Don’t Gamble
Matched betting is about making guaranteed, risk free profits. Spending time on betting websites can tempt you to want to place regular bets, where you risk losing money. There is a reason betting companies exist, and that reason is for them to make profits. As soon as we start taking risks, it is likely that we will lose money. If you want to make consistent profits, just don’t take gambles. Simple.
Happy Money Making!
If you stick to these matched betting tips and words of wisdom you can’t go wrong, and you’ll be better off for it. Now stop reading about matched betting and go out there and start making money!