We are in unprecedented times right now, and many of us are wondering how we can keep bringing in an income during these uncertain times. Is matched betting still worth doing during a pandemic? Let's take a look.
What is matched betting?
Matched betting is a legal and tax free way to utlise offers that bookmakers give to new and existing customers. These offers can be turned into a guaranteed profit thanks to matched betting. It has been around for years now, and even The Guardian have written about it.
The amount of money that people make from matched betting varies and is dependent on a few things. How much money you can put into your matched betting pot, how much time you have and how many accounts you are able to create all impact your matched betting earnings.
You can see all my previous matched betting income below. Please note that from January 2017 I have been focusing on growing my business with a provable income, with a lot less time to dedicate to matched betting:
- Month 1 earnings – £1,430
- Month 2 earnings – £1,619
- Month 3 earnings (including a Q&A) – £849
- October 2015 earnings – £1,105 (Remember that month 3 also overlaps into October 2015 as I switched to reporting it per calendar month.)
- 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
- October 2016 earnings - £691.85
- November 2016 earnings - £773.74
- December 2016 - £0.00 (took a break)
- January 2017 - £473.43
- February 2017 - £514.97
- March 2017 - £214.12
- April 2017 - £394.76
- May 2017 - £481.25
- June 2017 - £249.68
- July 2017 - £158.73
- August 2017 - £301.58
- September 2017 - £427.61
- October 2017 - £203.83 (away for 2 weeks)
- November 2017 - £45.84 (away for most of the month)
- December 2017 - £187.24
- January 2018 - £349.54
- February 2018 - £223.39
- March 2018 - £493.01
- April 2018 - £189.31
- May 2018 - took a break
- June 2018 - took a break
- July 2018 - £139.32
- August 2018 - £301.65
- September 2018 - £121.94 (on holiday)
- October 2018 - £328.51
- November 2018 - £459.31
- December 2018 - £258.45
- January 2019 - £148.37
- February 2019 - £199.84
- March 2019 - £579.54
- April onwards - paused for a mortgage application
Is is still worth doing matched betting right now?
With lots of sporting events cancelled or postponed, you might be wondering if it is still worth doing matched betting right now.
My short answer is this: as part of a diversified stream of income, YES!
My long answer is:
Horse racing could still take place
The Grand National website states that the most likely outcome for that event will be that the race takes place behind closed doors. This means there won't be any spectators, but the race will still go ahead. This means that all betting will go on as normal and there may even be more offers than usual to compensate for the lack of football.
Ireland has already announced that racing there will continue behind closed doors, and so far racing in the UK has been allowed to go on even though Football has been postponed, so we're pretty confident this will remain the case.
Not all Football has been cancelled.
As it stands, the English National League is still going ahead, along with other foreign leagues like the Russian Premier League, Swedish Cup, Turkish Super League and Ukrainian Premier League, which means there's still some (although limited) options to place bets for your weekly bet clubs if you want to avoid horses.
- If matched betting is so good, why isn't everyone doing it?
- Common matched betting mistakes
- How to make £1,000 or more a month with matched betting
Casino offers will likely improve
This does present an opportunity. The bookies are going to feel the sting from losing so much sportsbook activity, and we've already seen some bookies trying to push customers towards their Casino. We think it's very likely that we'll see a surge in Casino offers over the next few weeks, which should more than compensate for any loss of sportsbook offers. Casino offers are often quicker, easier and less hassle than sports offers, and they can be even more profitable.
Join my Matched Betting Facebook groupI am really excited to let you know that my matched betting Facebook group is open to new members again! This group has over 4,000 matched betting members who support each other. It is somewhere to ask questions and even celebrate your matched betting success. We would love you to come and join in!
Join my 6 week free money making courseAre you looking to boost your income with genuine work from home opportunities? In this free 6 week email course I help you to find ways of making extra money that fit in well with your lifestyle – meaning that you can make money, save money and live the life you want. No matter what your financial goals are, there are tips for everyone. Perhaps you want to boost your funds for Christmas or a holiday, you want to work less so that you have more time for your family or you just want to give up your job altogether, there is something for everyone in the course.