Matched betting has been a really great side hustle for me, and I made £12,000 in my first year of matched betting. Even now, I dabble in matched betting to make a few hundred pounds a month, more than two years after starting! I have put together a guide to making £1,000 (or more) a month from matched betting.
What is matched betting?
Matched betting is a legal and tax free way to utilise 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 it 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 earnings.
In this post we are going to look at how matched betters can make £1,000 or more a month.
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
Before You Get Started
When you're starting out Matched Betting, it's both easier and quicker to make money, with some harder offers left until you have gained more experience (and sometimes a bigger pot!).
I have been using Profit Accumulator to not only teach me matched betting, but also to keep me up to date with the best offers. They list all the offers known currently in the UK, and they also help with Odds Matching which takes a lot of the ground work out for you, allowing you to focus on making money!
Before you pay for a membership with Profit Accumulator, you are given two offers for free, allowing you to make up to £45. This should cover your first month's membership and allow you to test the waters and understand what's involved with Matched Betting and decide if it is right for you. If it isn't, that's totally fine too!
Now you've got your account set up, you have access to all the offers, and you've completed the two free beginner offers. Where do you go from here?
I recommend working your way through the Beginner Offers section, where the offers range from £10 to £200. You'll need more money in the bank to complete the bigger offers, but hopefully by the time you reach them you will have the money needed to complete them.
Take your time going through our Beginner Offers section. There are lots of useful hints, tips and videos included along the way that will help you down the line. On completion of the Beginner Offers, you should have pocketed yourself up to £500.
During the Beginner Offers, you may find yourself waiting around for cash withdrawals from the bookies, this problem will go away over time as you build up cash in your bank account. If you started with a bigger budget, you won't have this issue.
- If matched betting is so good, why isn't everyone doing it?
- Can you do matched betting long term?
- Matched betting & mortgages – what you need to know.
You've finished the Beginner Offers, are nearly £500 better off, and are looking to make your first £1,000. What next? Advanced Offers! They are all listed on Profit Accumulator once you have a membership, along with the details required to walk you through the process of profiting from them.
Take your time whilst you work through them, you'll be familiar with how Matched Betting works now, but some of the offers might be different to the beginner offers you have already completed.
Efficiency really is key. To make £1,000 a month you will need to be spending 1-2 hours per day on it – so use your time wisely!
After you work through these Advanced Offers, you should be well over £1,000, and all this can be completed within the first month of signing up.
Once these offers are completed, some people choose to stop, whereas others want to continue their journey.
If you want to continue your journey, then you need to move on to the Reload Offers.
Reload offers are the bread and butter for long term matched betters. It's how you will continue to make £1,000+ per month. By the time you move onto Reload Offers make sure you have completed all of the Beginner Offers and the majority if not all of the Advanced Offers. Again, if you've done this, you should be at least £1,000 up. This is your Matched Betting pot, the bigger the pot, the more money you make from Reload Offers.
In an ideal world, you will always have at least £1,000 in your pot, however life happens and sometimes this can't always be the case. If possible, try to always have £1,000 in your pot.
Reload Offers can be very different to the original offers you completed. Some may have different requirements such as placing the bet from mobile, or having to make multiple bets before qualifying for the free bet. However, if completed correctly, they will have the same outcome – making you money!
Profit Accumulator have hundreds of Reload Offers listed on their website, and every day on their Platinum Forum there are Reload Offers posted that will continue to make you £1,000 a month at least.
It's important to not be too picky when it comes to picking offers, if it's different to what you're used to don't dismiss it, or if it's only £5 don't dismiss it either. They all add up, and you should have the required skills by this stage to complete offers of varying difficulty.
- Online jobs for teens
- 10 ways to make money in your lunch break
- What you need to know before starting 20Cogs
How to make £1,000 a month consistently from matched betting
In order to make £1,000 (or more) a month from matched betting, there are some important things that you need to remember.
You need to get yourself into a routine of matched betting, making it a regular part of your week.
Ideally, you should be working for 1-2 hours a day to make £1,000 or more per month.
Keep money within your pot, that way you can complete offers faster and more easily.
Set yourself matched betting goals – you can have a daily target, a weekly target or a monthly target.
Take part in the community on Profit Accumulator – there is a massive support forum where you can ask questions, discuss offers or just talk about what you are going to do with your matched betting earnings!
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.