If you haven’t tried matched betting before, it’s a great way to make some extra tax-free money, yes you read correctly, you don’t have to declare this money to the taxman!
I’ve done quite a bit of matched betting and the extra cash has been very welcome over the years.
Don’t go into it blindly though, it’s best to join a matched betting service such as Outplayed (previously Profit Accumulator) or Team Profit (which is free). They will teach you the concept of matched betting and provide you with the tools, offers, and support needed to make an extra income from home.
What is matched betting?
Matched betting is a technique used to profit from free bets and incentives offered by bookmakers. If done properly is a safe way to earn some extra cash.
How Does Matched Betting Work?
To do Matched Betting you need to open accounts with bookies who will give you offers in the way of free bets if you spend a certain amount.
You will also need to open an account with a betting exchange such as Betfair.
You would first need to place a qualifying bet so that you can get a free bet. Let’s say for the bookie’s offer the requirement is to bet £10 to gain a free £20 bet. You could, for example, back a horse to win at the bookies, then place a “lay” bet, which means you would place a bet for the horse not to win at the exchange (Betfair).
Doing this cancels out your bet, so you don’t lose or win and this protects your money, you will only maybe gain or lose a few pence to around £1-£2 depending on the odds that you placed each bet on and because of the commission charged with the exchange.
It doesn’t matter losing this small amount at this stage because you will gain the £20 free bet for placing the qualifying bet at the bookies and will now be able to go on to make a profit.
Once you have received your free bet you will then go and use the software (provided by Profit Accumulator) and calculate a back bet and lay bet, it calculates both bets for you and tells you exactly what to place so that you make a profit from your £20 free bet.
You should make around £14 to £18 profit just from following instructions and placing a few bets. Not bad eh! There are of course bigger and better offers to make even more and it all adds up.
You can try matched betting out for free and make as much as £40, there’s no catch.
This gives you the option to see if it’s for you before subscribing. If you don’t like it you get to walk away with your winnings, so there is nothing to lose.
Alternatively, you could try a totally free matched betting site like Team Profit.
Why not give it a go and make extra money this week with matched betting?