OK, 1 month down and I’m well on my way to becoming a matched betting expert.
Now the reaction that I’ve got from everyone that I’ve mentioned this to has been extremely negative with people telling me that I need to be really careful and that I’ll never make any money out of this. However, I have to say, my experience so far has been completely the opposite of this.
I think that as long as you are methodical and have good attention to detail then there is risk free money to be made. Admittedly, it is a little bit fiddly to start with and may take a while to get your head around the basic principle, but I can honestly say that there is risk free, and tax free money to be made fairly easily.
So far this month I have opened up accounts with 9 different bookmakers and placed a total of 20 matched bets (betting on both the event happening (backing) and the event not happening (laying)). I haven’t worked out the exact total yet, because I have a couple of bets in progress, but so far I have made about £200. One thing I have learned from this is that I really need to learn keep track of your betting activity, which I’ve been doing manually so far, but am planning to migrate to the Ultimatcher spreadsheet next month.
Originally, I had thought that this would be pretty much a one-off income stream and as soon as I had gone through all of the available bookmaker’s free entry bets (totalling between £500 and £1000) that I wouldn’t be able to do this anymore. Well, I was wrong. The good news is that the bookies are so desperate for your cash that they keep emailing you with offer after offer of free bets, which means that you can keep on applying the technique you have used for your entry bets to these re-load offers.
From what I have learned so far this can get you a steady online income of between £500 to £1000 a month depending on how much time you’re willing to put into this activity.
How much have I earned from Matched Betting so far?
Month1-Matched-Betting-Settled-Bets
What Free Bets did I complete?
William Hill – Sign up and Deposit £10 to get a £20 free bet
Ladbrokes – Sign Up and deposit £50 to get a £50 free bet
Coral – Sign Up and deposit £5 to get a £20 free bet
Paddy Power – Sign Up and deposit £10 to get a £30 free bet
Skybet – Sign Up and deposit £5 to get a £20 free bet
Titanbet – Place 5 x £5 bets and get a £25 free bet
Summary
Matched betting definitely looks like a winner to me and is something I am going to pursue further. Getting that amount of revenue per month for a relatively small amount of work really would be a big bonus for my Dream Fund and help me pursue my goal of location free living.
Next Month’s Goals
- Complete the free offers for the next 10 bookmakers
- Understand how to use the ultimatcher spreadsheet
- Create an article on 5 easy offers
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