Understanding of Matched Betting
When I started Matched betting, I realised just how profitable it was. It was actually quite scary, as I was earning much more than my full time job.
I spent many nights seriously considering becoming a full-timer, Matched betting for a living. My partner, who doesn’t understand Matched Betting soon put a stop to that. We had a mortgage to pay.
I was written off as a gambler by many that didn’t understand matched betting, thinking that my profit had been from lucky wins.
There are quite a few things to learn from matched betting, one of the main things is that there’s no set profit level.
Every single person will make different amounts. Whilst it’s true that we will all extract similar levels from sportsbook sign up offers, there are a few things which vary how much you will earn from Matched Betting.
Let us decrypt this below!
Time & Effort
It’s no secret that if you have more time to plough into matched betting, you returns will most likely exceed another person who has less.
However, you can train yourself to be very effective with little time.
It was a busy 30 minutes, but I managed to put on all of the bets which would normally take me 2-3 hours when I first started.
If you’re worried about time, let me reassure you that you should be able to smash the £400 a month barrier if you can spend half an hour most days.
You might not make as much when you first start out, but if you use a service like Oddsmonkey
, you will build a rhythm where the profits just start to flow.
You should be able to hit £1,000 – £2,000 per month after learning the basics. It’s such a good return, for such a basic task following guides online.
Which is part of the problem, why everyone thinks it must be a scam!
It can get a little harder if you have to manually find offers yourself, as you’ll be spending the bulk of your time reading terms and conditions. This is why I personally recommend Oddsmonkey. Let them do the hard work!
How much can you afford?
There’s a good old saying which runs true, you need money to make money!
Whilst this is true in many, if not most money making opportunities, Matched Betting can be started with a very small bankroll.
If you carefully manage your finances, you should be able to start with around £80 to £150.
You need to spread the money out between various accounts, but you’ll see immediate returns on your investment.
After completing your first Matched Betting Offer, your £100 will have increased by around £15.
It really starts to roll from there, after completing offer two, you’ll have around £130.
It steamrolls all the way up to the Bet365 offer
, where you can earn £75 from that offer alone.
After completing the bookmaker sign up offers, I’d be pretty surprised if you weren’t at least £400 in profit.
If you continue with a service provider, spending 45 minutes per day, we genuinely believe you would have earnt thousands.
£400 a month, for 12 months is £4,800. Add your initial £400, that leaves £5,200 of tax free profit.That doesn’t sound too bad from a £100 investment!
I started with £650, tackling multiple offers at once as I could spare a few hours each evening.
I quickly smashed all of the sign up offers, but I couldn’t do Sky or Paddy Power as I was already a customer.
This brings me onto my last point.
What Accounts have you already used?
It’s no secret I enjoy an accumulator bet
on a weekend. I feel that saturday afternoon’s go hand in hand with a 3pm accumulator bet. I don’t bet stupid stakes & I enjoy them, so there’s no problem there.
The only problem I did have, was that I couldn’t use the sign up offers to extract guaranteed profit!
Whilst it did come with the benefit that I have been a mug punter for years, so my accounts should be healthy, I still got frustrated that I missed out on about £50!
The general fear is that you believe that you’ve used all of the sign up offers. However, I discovered recently that Oddsmonkey have access to almost 60 sign up offers. 60. It’s almost a cert that you haven’t signed up to all of these.
Let me know how you get on below!