Can you Really Make Money from Matched Betting?
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Many people talk about how you can make vast sums of cash from matched betting, but is this really true? Can you actually make money from matched betting? Is there a treasure trove of profits to be discovered from making free bets, or are people blowing a lot of smoke? That’s what we want to discuss on this page.
So, can you really make money from matched betting? Absolutely! Many people are using matched betting as a consistent way to make a profit. Things can become a lot more complicated with time because you will be chasing those free bets and deploying more advanced strategies.
More sportsbooks are popping up all the time, and finding new offers is easier than you may think with a matched betting service.
For offers such as 2up Early Payout and Extra Places strategies, we can make significant profits and provide notifications about opportunities throughout the week. As ever, consistent and multiple matched bets can bring about significant earnings by year-end.
How Matched Betting Works
We don’t intend for this to be a complete guide to how matched betting works. However, we still think it is worth giving a brief overview of the process. We want to talk about the profit aspect of matched betting.
Once we have backed and layed our bets at the betting exchange (we recommend Smarkets), we ensure a minimal qualifying loss and then repeat the process for the free bet. In the latter, we achieve profit when the money we use is not our own and repeating this for multiple offers can result in huge profit.
Can You Really Make Cash From Matched Betting?
Absolutely! When people tell you that they have made cash from matched betting, they genuinely mean it.
While matched betting is not as profitable as it used to be, many people still generate income. You can make several hundred pounds every week or month, depending on how dedicated you are.
Matched betting isn’t necessarily an ‘easy’ way to make money. If you want to generate a high income, it can take hours, often at the weekend, to place your bets. Still, in the UK, profit is tax-free, and there are no overheads, and if you have internet access and are over 18, then there is nothing to hold you back.
Those earning the most money in matched betting do so through multiple accounts. As we advance, there is profit after welcome offers, even after the welcome offers dry up.
You will also need to have cash sitting in your bank account to get started (so you can lay your bet at the betting exchange). The more cash you have when starting in matched betting, the more free bet offers you can take advantage of at once, leading to a rapid boost in your profits.
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Is Matched Betting Legal?
A lot of people wonder whether matched betting is legal. After all, surely if you are constantly winning, the bookies won’t be happy, right?
Well, we can tell you that matched betting is 100% legal. There are no laws against it, and some significant bookies have even come out and said that it is okay from their perspective.
While matched betting is legal, some bookmakers may be less happy about it.
Bookmakers can often ban accounts that go around matched betting a little too much since they can identify those that (in their view) are taking too much value. Bookies prefer customers who are betting and ultimately losing money (‘mugs’) than those who consistently take advantage of promotions.
This often debated subject is probably unnecessary. In the end, restrictions or bannings are unavoidable. We can only do much to stop these restrictions (known as gubbing), such as deploying mug betting. Gubbing doesn’t have to stop stable profit from matched betting if you handle things correctly; profit from matched betting continues if you run things correctly.
Can you Really Make Money from Matched Betting? Final Thoughts
So, now you know the answer to “can you really make money from matched betting?” you should feel a little bit more confident diving into this guaranteed profit maker.
However, make sure that you take the time to learn how to do matched betting correctly. Use the helpful guidance on each offer and the tools you have included from your matched betting site (we review them here).
Matched betting can generate a consistent cash stream, and it’s a fantastic option for earning money online in 2022.