With Christmas almost upon us, now is a great time to explore whether you can make money for Christmas with matched betting. Here is everything you need to know to make money for Christmas with matched betting.
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 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
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!
There is enough time
As Christmas inches closer and closer, you might feel as though you don't have enough time to earn any decent amount of money before the festivities kick off. The good news is that there is still plenty of time to make money from matched betting before Christmas.
You will need about an hour a day
Life happens and we all get busy, but if you can dedicate an hour a day to matched betting then you could see some serious income before Christmas. If you can't commit to an hour a day then don't despair, you can still make hundreds of pounds to help ease your bank balance this Christmas.
You can realistically make £500-£1,000
If you can dedicate an hour a day to matched betting then you can easily make at least £500, and probably closer to £1,000 or more before Christmas. This includes time to withdraw all your earnings before the big day gets here. Imagine what an extra £500 would mean to you this Christmas! Would it be a debt free Christmas? Or help you to pay off a debt before the end of 2016? Whatever it is, that money can come in extremely useful.
£200 (or more) is an ideal starting pot
You can start matched betting with as little as £60, however if you can put £200 or more into your pot before Christmas then you can earn more money faster! This is because with matched betting you need money to back and lay your bets – the more you have available then the quicker you can earn.
You can get a free trial
If you are ready to start learning more about matched betting then click here to take up your free trial. Complete two offers with support, including training videos. This trial is a great way to see if matched betting is really for you – and make around £40 in the process.
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 3,000 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.