This Black Friday weekend there is a fantastic offer for anyone who is looking to take the plunge and start their matched betting journey.
What is matched betting?
Matched betting is a way to make some serious guaranteed profit by utilising the free bet offers that bookmakers offer to both new and existing customers. It has turned into one of my favourite side hustles because it is tax-free and risk-free!
You can see all my previous matched betting income reports by clicking on the links below:
- Month 1 earnings – £1,430
- Month 2 earnings – £1,619
- Month 3 earnings (including a Q&A) – £849
- October 2015 earnings – £1,105
- November 2015 earnings– £915
- December 2015 earnings – £1,347
- January 2016 earnings – £777
- February 2016 earnings – £393 (on holiday for 2 weeks)
- March 2016 earnings - £701.64
- April 2016 earnings - £622.36
- May 2016 earnings - £1,019.16
- June 2016 earnings - £447.18 (away for a week)
- July 2016 earnings - £689.52
- August 2016 earnings - £491.86
- September 2016 earnings - £279.29
If you are looking to make some serious cash before Christmas and you are considering matched betting, you might have plenty of questions. Here is everything you need to know about making money from matched betting before Christmas.
The basics of Matched Betting
Bookmakers are always looking at ways to entice new customers and to keep people betting – one way they do this is to offer free bets. We can use these free bets to cash out bonuses with no risk and a guaranteed profit.
By matched betting you will open a new account at a bookmakers, deposit and make your first bet – the qualifying bet. You then go onto an exchange, such as Betfair, and “lay the bet”. Laying the bet means you are betting on a different outcome to whatever you bet on at the bookmakers. For example, if you were betting on a football match between Team A and Team B, with your bet being for Team A to win, laying the bet elsewhere means you bet that Team A don’t win. Note that you aren’t betting on them to lose, but rather that they won’t win. Because of the way that exchanges work, plus the commission they take, on this qualifying bet you will be losing up to 10% of your original bet. So if you are betting £20 then you will lose £2 – this is totally fine and a part of the process.
Now you are £2 down, but you then have your free bet. If the bookmaker offered you a free £20 bet once you place a £20 bet, you now have £20 to play with, free! You then find a place a bet on something else, remembering to lay the bet at your exchange of choice. Once that bet is settled and accounting for your small loss in the qualifying bet, you should walk away with 70-90% of the free bet – in this case you will be getting between £14 – £18, completely free!
The Black Friday weekend offer
I use Profit Accumulator to help me with my matched betting. I am short on time and I need offers that I can trust, laid out in an easy to understand format. Until midnight on Sunday, 27th November 2016, you can get a week of Platinum membership for just £1. Afterward, if you choose to continue your subscription, you’ll get it for just £17.99 a month – which is a saving of £5 per month! This is less than I pay for my subscription, and it will stay at £17.99 per month for you for as long as you are subscribed! This is a massive saving of £60 a year on your membership. Click here to sign up for this Black Friday weekend offer.
Free matched betting checklist
Sometimes we all need a helping hand when it comes to matched betting, which is why I have created a free matched betting daily checklist printable.
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