Introduction: My first experience of matched betting was just over 10 years ago. At this time although it was popular, there wasn’t as much literature on the subject as there is now and it took some time to find the right offers manually. Now there are so many articles and websites designed to help you with finding offers, and in my opinion a paid service is fundamental to success. I’ve used a few, but in my experience Profit Accumulator offers a great entry point and was crucial to my staying power in the early days. Disclaimer: The above and the ads in this article are affiliate links and I will receive a commission for anyone who signs up using this link.
I’m not sure where I’d be without the income from matched betting. It’s enabled me to buy a car outright (without taking out a small loan), support my family while on reduced income and it’s helped me afford a new bathroom. I can’t really stress how important having extra income can help in your life, particularly at times of uncertainty and change. True, matched betting has it’s ups and it’s downs and it isn’t as lucrative as it once was, but there is still good money to be made if you are willing to put the time in.
As I have mentioned in the header of this article, there are many matched betting services around, so I’m not going to attempt to explain the basics when they do it so well. I will however explain a few truths that you may need to know beforehand.
- You should not even think about matched betting if you have a gambling addiction or you think you might be prone to problem gambling.
- In time you may end up opening a large number of bookmaker and / or casino accounts. However you only need a few to begin with and you can work up from there.
- Advanced methods can be emotional, believe me. Traditional offers are no / low risk, however if you are doing casino offers or trying to hit sports refunds you can go through dry spells.
- It takes time and effort, and as such you have to treat it like a job.
Onto the results. As mentioned I’ve done matched betting on and off for many years, but I only really started keeping proper records from August 2018. In 14 months I have made over £10,000 profit from casino offers and a further £3,800 from sports offers, bringing the total up to over £13,800. In the year before this I made £5,600 between both sports and casino, which shows I really stepped up the effort in the second year.
The £10,000 from casino offers has largely been from low risk casino offers mixed with some occasional higher risk offers. The profit of these over time is shown below and below this is the cumulative profit and expected value (EV). On average casino offers have returned £736 per month or £23 per day.
A further breakdown of the casino offer types is show below (the bubble size is the total number of offers done of that type). Most of the offers I’ve done are of the ‘Wager X get X bonus’ and these have returned a healthy profit so I plan to keep doing those. However an area that hasn’t been fully exploited is the deposit match type offer, contributing the highest profit but only taking up 113 (6%) of the 1,835 offers I’ve completed in this time period. However this may be because the highest winnings were from high risk casino sign up offers, so this could have easily have been lower.
Early on I realised that while sports offers are on the most part risk free, there is more time spent looking for offers, hoping for refunds and checking for boosted odds. There are more advanced strategies but I typically tend to just do enough to try and offset any downswings in casino profits. On average I return around £270 per month, which is lagging severely behind casino profits. I’m aiming to increase this over the coming months.
Everybody knows that extra money is not an enabler of true happiness, but it can help clear the path to spend more time on the things that matter or help you out when you need a helping hand. Matched betting isn’t passive, but there aren’t many jobs that can compete with its potential returns, flexibility and low level to entry.
If it’s not for you, there are plenty of other ways to make extra cash, which I think is the key message and in my opinion the best thing that anyone can do for themselves and the future of their families. I’ve ended up putting my eggs in one basket of side income and the rational thing would be to look at diversifying. For now though, time is short and matched betting gives me the flexibility I need.