Matched Betting

What is the earnings potential?

Once you have got yourself going you can make approximately £5,000 per annum.

Anything you earn is the income from betting and is tax free within the UK.

Some people make considerably more and do make their living from Matched Betting (MB).

Is it legal?

Yes within the UK MB is perfectly legal.

How easy is it to do?

Once you get your mind around the basic structure of how bets are placed and how bookmakers and betting exchanges operate it is relatively simple.

Given an hour of instruction you will have a grasp of how it works and will be able to make a start.

Side Income Planet recommends that you receive some training from somebody who has been doing this seriously for a few years. The benefits of training are:

• You will fully understand MB.
• You will understand how and where to do it so that you can ustain earnings.
• You will avoid all of the basic self learner pitfalls which can lose you money.
• You will start making money straight away.

Our matched better attended training with the Online Betting School and recommends his two day training course which also introduces you to Casino Betting.

Once you have started you will need access to information which guides you on possible bets. Most people use Oddsmonkey which guides and tracks your activities.

Do I need to invest anything upfront?

You will need some money to start off with. It can be as little as £50.

Our matched better started with £250 and by the end of month two had made £750+ in profits. That’s 300% return in two months.

You will probably want to sign up for one of the sources of help on where to place your bets and how. That will cost £17.99 monthly.

We recommend Oddsmonkey.

So, what is Matched Betting?

First of all, it is not betting. It is the perfectly legal use of odds information to guarantee financial returns on sporting events. In investment terms it is akin to Arbitrage trading and is sometimes called Arbitrage Betting.

MB works on the fact that bookmakers and betting exchanges operate differently.

It works by cancelling out the risk on the ‘back’ bet at the bookmakers by betting against yourself at a betting exchange. In other words, you are ‘matching’ your bet.

MB seeks to maximise the returns you can receive from the freebets offered by all bookmakers. To qualify for these freebets you will need to place a qualifying or trigger bet which releases the free offer.

How does it work?

MB is a two step process.

Step One

Place a trigger bet with a bookmaker and a lay bet with a betting exchange. The latter cancels out most of the bet reducing any loss to pennies.

Step Two

Use the free back bet with the bookmaker and lay the bet again with a betting exchange. This time you make a guaranteed profit which covers the initial trigger loss and effectively gives you free money.

What are bookmakers, betting exchanges, back and lay bets?

Bookmakers accept your bets and make money when you lose.

Betting exchanges allow you to “be the bookie” by betting against other people and make their money as a % commission on whatever you bet.

You place a bet with a bookmaker on a certain outcome coming true. For example “I bet England will win.” This is called backing a bet. If it comes true, you win the bet and the winnings. If England lose or draw, you lose your stake.

You can place a back bet at any bookmaker, such as Bet365, William Hill, or SkyBet.

You then Lay a bet against that same outcome with a Betting Exchange. A Lay bet is against the first outcome. For example “I bet that England will not win, ie they could lose or draw. This can only take place at a Betting Exchange such as Betfair, Smarkets or Matchbook.

Our Experience

We knew nothing about MB before attending the two day course, and we’ve made a profit every week since attending. We apply the training and use Oddsmonkey every time we look at any bets. Our weekly results are on our Facebook page.