What is it and can you make money?
So I had heard about matched betting but didn’t really understand what it was. The only betting I had done was the usual big event like the Grand National or at a race meeting.
So what is Matched Betting?
The definition of Matched Betting is:
Matched betting (also known as back or lay bet matching, or doublebetting) is a betting technique used by individuals to profit from the freebets and incentives offered by bookmakers. It is generally considered risk-free as it is based on the application of a mathematical equation rather than chance.
Take Manchester United v Chelsea you decide to place a back bet of £10 on Man United to win. You then place a lay bet at an exchange against Man United winning so whatever the outcome for Man United, win or draw your bet is covered.
When looking and researching Matched Betting I noticed that a lot of people looked at a system to help them called Profit Accumulator and the best bit you can get a months trial for free to see if this is something you can and want to do. Profit Accumulator will walk you through the offers with written information and videos to watch.
They have a couple of beginner’s offers where you open accounts with bookies and place bets with free bets as opening offers. From the free bets you can usually make about £30-£50.
So I signed up for Profit Accumulator. Opened and exchange account and opened my first account with a bookie watched the videos over and over and very nervously placed my first bet, win or lose I would have a free bet from the first offer I make a small profit and moved to the second offer and again made a profit. It was then time to decide if I moved to paying monthly or yearly for profit accumulator, as this is something that hopefully will continue to subsidise our income and as it works out cheaper to pay for the year I took the plunge.
You then move from beginners offers to advanced offers. I can not believe how many offers there were, from lots of sites I had never heard from but I started to work my way through them and because the offers for signing up are so good by the end of July I had made an extra £656.92.
Plans for August were to continue with Matched Betting however, due to work and family commitments I don’t think I will be able to make £600 per month, so my aim is to make around £50 per week, £200 for the month.
UPDATE Feb 2017
Totals since August 2016
Sept 2016: £755.18 (inc £100 Casino)
Oct 2016: £720.81 (inc £218 Casino)
Nov 2016: £653.30 (inc £52 Casino)
Dec 2016: £693.81 (Inc £310 Casino)
Jan 2017: £ 271.01 (two weeks holiday)
So does Matched Betting sound like something you want to do?
Don’t forget you can sign up at Profit Accumulator take advantage of the beginners offers before you commit any money. At the end of the month you can then decide to pay monthly or yearly or if it’s not for you then you can cancel with no further obligations.
One piece of advice is to take it very slow at first, don’t rush and follow the videos (you can watch them as many times as you like) and offer instructions, if you do that, then the money is there to be made.
If you do try then please comment or email with your experience.