Matched betting is by far my most successful way of making money online. I made £936 in my first month of trying it out. Maybe you can do even better? You don’t need to know anything about betting or sports to do it. I highly recommend you give it a go. Click on the banner below if you fancy beating my total, I dare you!
Why Should You Join Profit Accumulator?
When first reading about matched betting, it sounded daunting, so I put off trying it for a while. However, after signing up for free with Profit Accumulator, I realised it was much easier then I had expected. Profit Accumulator are an amazing company that gives you all the tools and information to get started, including training videos. I have never looked back since, and wish I had signed up earlier.
By joining Profit Accumulator, they do all the hard work for you, via the use of handy software and calculators. They also have an amazing forum and support network. You can join for free (no payment details needed) and give it a go , however, I highly recommend upgrading to a premium account, which only costs £17.99 a month. I guarantee it will be worth it because it wont take long before you make that money back. Besides, even if you only make £100 a month, that’s still a profit of £82. Nonetheless, if you are a bit sceptical, you could try the free trial to make an easy £45-£60 then decide whether it’s for you or not.
What is Matched Betting?
Matched Betting is a technique used to extract guaranteed profits from free bet offers issued out by bookmakers, such as William Hill and Coral. In order to guarantee a profit, we place a back bet and a lay bet. The back bet is betting that an outcome (e.g a specified horse) will win. This bet is placed on a bookmaker site such as Coral. The lay bet is betting that the same horse will not win the race. This bet is placed on an exchange site, such as Smarkets or Betfair Exchange. As we have bet on both outcomes for the specified horse, we make money whether the horse wins or loses :).
Matched betting gives you a chance to make quick, easy RISK FREE, TAX FREE money. It is 100% legal and it is not gambling! I couldn’t believe it when I made £936 within my first month of trying it (see the image below). You can start matched betting with next to no money, but the more money you have, the quicker you will make money. It’s a good idea to start a matched betting pot, in which any profit made, can be put back in and accumulate to a bigger amount. This in turn will help to boost your profits quicker. I use a separate bank account for my matched betting pot, so that it doesn’t get mixed in with my other finances and complicate things.
Below is a spreadsheet showing how I made £936 within my first month of matched betting by doing the offers on Profit Accumulator. It’s also worth doing the risk free casino offers because as you can see, I made £135 from a £10 no deposit bonus.
For a more convenient place to hold your matched betting money, I recommend an online wallet company called Skrill. Skrill allows you to move money around online in a fast, efficient way, which is perfect for withdrawing your balance quickly from bookmakers for free. I guarantee you will want to open a Skrill account when you realise how frustrating it is waiting days for funds to come back to you from bookmakers. Most bookmaker sign up offers may require card deposits but most reload offers allow for Skrill deposits. They also provide other benefits, such as a VIP club (Bronze, Silver, Gold, Diamond) and host regular promotions and member deals. Click here for more information.
There a few exchange sites you can use to place your lay bets, including Betfair exchange, Betdaq and Matchbook. I love the exchange site Smarkets and use it for laying 95% of my bets. It’s such a simplistic, stylish site that is very easy to navigate, unlike some of their rivals. They also boast a very low commission rate of 2%, compared to Betfair’s 5% commission rate. People have their different preferences, but I like to use Smarkets when possible. Also if you sign up using the code yovu17 and bet a minimum of £20, you will receive a £10 bonus :). Click here to join for free.
Below will be a step by step guide on how I made £30 from one offer within 5 minutes. The offer was a £50 Free Bet from William Hill, which I received in an email shown below. William Hill also have a £30 sign-up offer, which can be completed using Profit Accumulator to make a guaranteed profit of around £20-£25.
So after claiming this offer via the link in the email, the first step was placing the £50 qualifying bet on William Hill. I used the oddsmatching software on Profit Accumulator to find a a closely matched event to bet on. I chose to place my qualifying bet on the Stoke v Brighton game, which is highlighted in the image.
By clicking on the calculator icon on the left, the calculator tool popped up (see below). I set the bookmaker stake to £50. The liability was the amount of money I needed in my Smarkets account (sign up to Smarkets using the code yovu17 and bet a minimum of £20, to receive a £10 bonus) and the lay amount is what I typed into the stake box on Smarkets. The qualifying loss is shown in red (-£1.40 if the bet won & -£1.41 if the bet lost).
I then placed the £50 qualifying bet on the correct market and event on William Hill via clicking on ‘Visit Bookie Website’ on the calculator tool. Next, I placed my lay bet on Smarkets via clicking on ‘Visit Exchange Website’. Note: If the odds change before placing your bets, make sure to adjust the odds on the calculator accordingly.
Back Bet on William Hill
Lay Bet on Smarkets
After placing my qualifying bet on William Hill, my £50 Free Bet became available on William Hill. I then used the oddsmatching tool again to find a new closely matched bet for the free bet. The difference this time, was selecting ‘Free Bet (SNR)’ instead of ‘Normal’ in the calculator tool, which showed how much I would make from the free bet (£31.82), whether the free bet wins or loses, thus making the profits guaranteed, as shown by the green in the image below.
In the same way as the qualifying bet, I placed the free back bet on William Hill and the lay bet on Smarkets. After all bets settled, I made £31.82 from the £50 free bet, and a loss of -£1.40 from the qualifying bet, which equates to an overall profit of £30.42. Not bad for 5 minutes of work hey.
Top Tip (Cashback)
When signing up to bookmakers in order to do their sign-up offers, it’s a good idea to go through the cashback sites TopCashback or Quidco first. This is so that you can make some extra profit alongside the sign-up free bet. Always check the terms and conditions of the sign-up offers first though as they may not allow this. At the time of doing the sign up offers, I got £25 cashback from Betway (TC), £30 from Ladbrokes (TC), £20 from Betfair Casino, and £10 from 188Bet.
I hope this information inspires you to begin your matched betting journey. It’s coming up to christmas, so it’s the perfect time to make some extra cash. Click on the banner below to find out more.
Page Last Updated: 18/02/2018