Does Matched Betting Work?
I wish I had a pound for every time I’ve been asked “does matched betting work?” as I’d be an extremely rich man. I’ll tell you now what I’ve told everybody who’s asked me this question over the past year or so.
Risk free matched betting is a legitimate, legal way to make money online.
Plain and simple.
I feel that I can boldly say that it does work with 100% confidence.
Sure, it takes time to master the system and can feel a little bit overwhelming at first, but by following the right guide and using the right tools you can easily make a few hundred pound every month with matched betting.
Are there times when it won’t work?
As with everything in life, there is always an exception to the rule. I can think of a couple possible scenarios where risk free matched betting wouldn’t necessarily work – but it’s worth noting that the element of risk is mostly just human error in each example.
How do I know this?
Because I’ve made these errors…
Whenever you sign up to an offer from a Bookmakers, it’s always very important to read the terms and conditions.
Often, the advert will be something extravagant, telling you that you can deposit and spend £5 and receive £30 in free cash. However, it’s not always that simple.
For example, when I first started to use this system to make money, I eagerly signed up to a few bookies (Coral, Ladbrokes, Betfred) and was excited as I saw the money come rolling in.
But, then something strange happened.
I’d completed all the required steps to earn my free bet with Betfred and it didn’t arrive. Unphased, I simply contacted their online support and was quickly told that I had wagered my initial deposit on a team winning with odds of 1.3 – which was below the threshold (2.0 if I remember correctly) and thus hadn’t qualified for the free cash.
Especially as this bonus was only available for my first bet.
Because I had rushed and not read the Ts&Cs properly, I’d basically lost out an easy money making opportunity.
So, please, please read the Ts&Cs carefully whenever you sign up for a welcome offer.
Too Many Wagers
Another potential problem which you might come across is the unfortunate error of making the same bet more than once.
Sounds like something that’s very easy to avoid, but I’m speaking from experience!
There’s been a few times where I’ve been using my incredible skill of multitasking and placing a few risk free bets at the same across several sites. Sadly, I overestimated this skill!
I’ve accidently put a bet on twice before, ensuring that I am going to lose money and reduce my overall profit – well unless that double bet wins but that’s just basic gambling.
I’d recommend only working through one bookmaker at a time to avoid this happening, but if – just like me – you like to multitask, then I’d close the tab/window you have open as soon as you’ve made your bet at that respective bookmaker.
So, that’s two areas where you may encounters, but both are down to human error.
The next point, not so much…
This basically means that a bookmaker has decided to place certain restrictions on your account with them – often preventing you from enjoying free promotions – or bans you altogether.
Why does this happen?
Bookmakers are becoming more and more aware of people who are only signing up to enjoy the free perks and essentially milk them for cash. They monitor your accounts and it will be suspicious if several people in your household all sign-up in a similar space of time and only deposit the required amount to unlock the free bet.
How can you avoid this?
It’s simple, just deposit and bet more than is required to unlock the free bet – literally £1 more.
You could also make a bet without a free promotion attached to it (just lay the bet at the exchange to ensure you don’t lose money) as this will be more likely to throw the bookmaker off.
To be honest, the reason I don’t stress too much about this is because I tend to only use sign-up offers when matched betting (although the list of available bookies is becoming smaller!)This allows me to make my matched bet and withdraw my winnings before they have a chance to become suspicious.
So, does matched betting work?
Absolutely, it’s a great way to make some supplementary money alongside your regular wage.
Does matched betting work 100% of the time?
It can, but accounting for human error and unforeseen circumstances, I’d have to say that it works more or less 95% of the time.
Is it easy?
I pride myself on being truthful, which is why I always say this is unlikely to replace your full-time income.
So trust me when I tell you, this is an extremely easy way to make money.
But this comes with a catch!
Risk free matched betting is only really risk free when you use the tools available, such as the odds matching tools and calculators that sites such as OddsMonkey and Profit Accumulator offer.
I’ll discuss this more below, but you’re likely to find matched betting very, very difficult to understand unless you subscribe to a service like those I’ve mentioned. Fortunately, they all offer trial periods which allow you to see which one suits you best – or even if you like the system at all – and there are free options to get you started.
How Much Money Can You Make With Risk Free Matched Betting?
This is an interesting question, because I feel the answer is entirely dependant on two key factors.
Firstly, how much time you’re willing to devote to matched betting.
As I’ve said before, matched betting isn’t a get rich quick scheme, nor is it a consistent way to make a passive income. To succeed with matched betting you’re going to have to put effort in and take the time to both understand the system and learn how to find the best odds to match. I only spend a couple of hours per week making money now, but that’s because I spent a lot of time learning and following guides and tutorials – without those I’d have been lost and probably have just quit altogether!
If you take the time to learn the system then you’ll be able to make much more money than if you try to exploit this as a quick cash influx.
However, once you’ve managed to understand the system, you’ll also have to spend time finding odds which match and calculating how much money you need to wager. Considering there are literally hundreds and hundreds of bookies, this can be an extremely time consuming experience.
Which brings me to my second point, how much of your own money are you willing to invest?
Look, there’s absolutely nothing stopping you from trying to find odds yourself and then work out the amount of money to bet. But, this is not only a time-consuming task but also requires a strong set of mathematical skills (I teach maths every day and I couldn’t do it!) Fortunately for us, there are products and services which do the hard work for you.
If you’re serious about making money consistently using the risk free matched betting system, then you’re probably going to have to invest some money. Sites, such as OddsMonkey.com, basically do all the hard work for you and searches all the bookies before presenting you with your ideal match. These sites also have in-built calculators which tell you how much money you need to wager in order to make a profit.
It might sound like I’m trying to sell a product here, but I’m not.
Does matched betting work without this type of software?
Of course it does, but I just don’t see any way you can realistically make consistent income without using this type of software.
Mind you, the software will pay for itself within a day if you take the time to learn how to use it properly. Try the OddsMonkey trial (it’s only £1 for a week) and see what you think, but I’d recommend using it to save yourself time and effort which you could be spending making extra cash.
How Does Matched Betting Work For Me?
Look, I’ll be honest, over the past 10 years I’ve tried all sorts of things to make money online and one thing I’ve always hated is when people post their earning reports for the world to see. It never inspired me, it always just made me feel bad that I couldn’t figure out the secret to success that those guys had.
So I won’t be doing that.
What I will say though is that I’ve made a consistent income from this system, but it certainly hasn’t been enough to let me quit my day job (I’m a teacher). However, I am able to make about £20-£30 within just an hour most weekends – which might not be a lot of money to shout about but it’s certainly easy money for very little work.
If you asked me “does matched betting work?”
I’d tell you that it does and I earn a nice income on the side from exploiting the system.
If you asked me “will it make me rich?”
I’d have to be honest and tell you that it probably won’t.
But, as I’ve mentioned, I make a decent supplementary income using risk free matched betting and I’d suggest you try it out and see how much you can earn.