Is Matched Betting Worth it in 2022?
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Is matched betting worth it in 2022? or does matched betting appear to be dying, or dead in 2022? It runs on and remains highly profitable to many.
But how long will matched betting last, and is it a guaranteed source of income for a would-be side hustler in 2022?
Despite some anecdotal information suggesting that matched betting may be slowing down, it remains a lucrative way of earning extra income, both easy to pick up and earn from. Try our completely free matched betting course to pick it up now.
So, how long will matched betting last if bookmakers get wise to the activity and ban more customers as a result?
There seems to be little evidence that there are now more gubbings. Still, at the very least, the nature of promotions offered is ever-changing, and this creates a real challenge to the matched bettor around ensuring guaranteed and sustainable profit.
All this is why being signed up to a matched betting service such as OddsMonkey remains essential, as the service keeps you up to speed with the offers, so you don’t have to do it yourself (see the full OddsMonkey review for further info). They also help you avoid common pitfalls and help keep your accounts as healthy as possible.
Many other sites and community members believe that bookmakers are getting better at identifying the people exploiting them and that more gubbings are occurring. Still, there does not appear to be massive evidence for this.
Gubbing has always been a part of matched betting. Despite the various techniques to try and avoid them, it has always been an eventual endpoint that only those multi-accounting seem to circumvent (we suggest you do not do anything outside of the terms and conditions for bookmakers you sign up to).
Personal experience alone has shown that most of your accounts can stay with you for many years with care.
Will there be an end to the bookmaker promotions to result in a risk of matched betting dying?
Is Matched Betting Dying due to an end to Promotions?
In 2017, there was publicity around the promotions offered by bookmakers and on the state of matched betting, multiple accounting and the future.
As detailed in the Guardian, this led to increased chatter about the eventual end of matched betting.
It tells how little impact there was from this. Despite the efforts (as referred to in the article) from Geoff Banks bookmakers who (in an open letter to the Gambling Commission) reflected upon how free bets and bonuses induced people to gamble.
It was pretty light on legitimate issues and merely showed how one person in the industry / one small bookmaker was at odds with promotions and their use for matched betting.
Now years later, there appears to be little evidence of an end in sight for these promotions that continue to earn hundreds and thousands of pounds for matched bettors. If promotions continue, it is hard to see how matched betting is at risk. Many are earning huge amounts month by month, especially at the horse racing festivals (link to guides on how).
Matched betting is not dying, and there is little barrier to entry, given you can start with as little as £50 and earn hundreds of pounds in your first month through welcome offers alone.
Matched betting is entirely legal in the UK, so for Bookmakers to effectively end matched betting, the only real way they could do this across the board would be to stop offering promotions. There seems no evidence that this will happen.
It’s too competitive out there for bookmakers to stop trying to induce new starters to use their business. It is undoubtedly not feasible to see them forming together to try and stop the promotions that include part of their same strategy to try and get new customers to join them instead of their rivals.
For some bookmakers, matched bettors will always be small fry, and there is no concern about it, such as with Bet365 (a massively profitable company).
Is Matched Betting Dying, or is it still as Profitable in 2022?
In the community, when discussion on matched betting dying takes place, there is undoubtedly a lot of talk about matched betting being not quite as profitable as it used to be.
Guesstimates currently state that new starters are perhaps earning approximately £500-£1,000 each month instead of £800-£2,000.
It may very well be that for those throwing everything at matched betting, the amount they earn is effectively capped at a reduced rate now and that the days of earning £3,000+ each month are firmly in the past.
Success and amount of profit with matched betting are all dependent upon your level of commitment and knowledge, especially of more advanced techniques, as well as the multi-accounting, which there is little doubt many full time matched bettors do.
On average, profits may be dropping, and maybe that has been true for several years, but do we expect profits will remain sufficient for the average newcomer? Yes absolutely!
If at least £500 a month for a few hours a week seems reasonable, it’s achievable in 2022.
Any thought of matched betting ”dying” appears, for now at least, to be massively premature, with little evidence to back up the suggestion.
There may be some anecdotal evidence for a reduction in the value of sports offers, such as more common £10-£20 free bets for new customers as opposed to the perhaps previously more common £50-£100 offers.
Bookmakers such as William Hill, Ladbrokes, Betfred, Sky, and bet 365 continue to offer generous sign-up offers.
Coral also offers a great welcome deal (complete guidance here on this first £15-£18 profit), and Sky Bet also gives more evidence that matched betting is not dead in 2022.
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Is Matched Betting Worth it in 2022? Final Thoughts
Bookmakers are well aware of the value of their promotions and the competition they face from rival companies, resulting in a lower limit for free bet values, which reduces the risk that matched betting will massively reduce profitability.
For bookmakers to successfully entice new customers, they need to offer competitive rewards. So with no end to free bets, there should be no end to matched betting!
For life after welcome offers, bet clubs also try to keep customers active, so it’s still in bookmakers’ minds to incentivise betting!
So, is matched betting dead in 2022? Although, yes, matched betting may be becoming slightly less profitable, and bookmakers are well aware more alive to matched betting, and you may even be more likely to be gubbed, new bookmakers start up all the time!
They consistently help you identify the promotions and matched betting opportunities you need to take in profit over and over, both for welcome offers, reloads and daily offers. They are also essential for risk-free promotions (such as Beaten by a Length, and the Bet365 4/1 offer) and more advanced strategies such as Early Payout 2ups and Extra Places.
Matched betting is not dying, or there are no real signs of that happening any time soon.
Matched betting is certainly not dead in 2022, and there is a lot of money to be made!