Today’s guest post is written by Jodi from Matched betting mum . if you would like to know more about Jodi, please scroll down to the bottom of this post where you can find her details.
Thanks to Epril and Amy for having me here on their blog. I run a blog sharing money saving and money making tips. As you can probably tell by the name, my specialist subject is matched betting.
Matched betting is something I’ve been doing for a year now. It’s a guaranteed way of making money from the comfort of your own home. Yet most people have never heard of it. Or, if they have, they’re a little bit too scared to try it.
But it’s actually very simple and easy to do. So I’m on a mission to spread the word.
Despite its name, matched betting doesn’t involve you betting or gambling in the traditional sense. Instead, it involves you following a process to make money from the bonuses given out by bookmakers when you open an account with them. Matched betting involves placing bets which cancel each other out. Therefore, instead of losing money, you simply get your money back. As you use free bets given to you by bookmakers, you end up being able to keep this money.
With more than £2000 worth of bonuses available for new customers, matched betting is a risk-free way to make a lot of money simply from opening different bookmaker accounts.
The fact that matched betting had been tried and tested by journalists in national newspapers convinced me to give it a go:
“With bookmakers offering ‘free bets’ to tempt new customers, you can play the system and pocket hundreds of pounds – with little risk to your own cash” (The Guardian, June 2010)
How does the process work?
The matched betting process is very simple. But it can take a while to get your head around it. My guide to matched betting breaks down all of the steps for you in lots of detail. But here’s a summary of how it works:
1. Open an account with an online bookmaker offering a free bet for new customers.
2. Join a betting exchange. These are websites which allow you to bet against the outcome of a particular game or match.
3. Place a qualifying bet. Instead of choosing a random bet, you place two bets both for and against the same outcome. This means backing a bet with a bookmaker and also laying against that outcome with the betting exchange. This means that when the match is finished, you will get your money back.
4. You will then be given a free bet from the bookmaker. Repeat the same process, placing two bets both for and against the same outcome. Once again, you’ll get your money back. But as you have used free money given to you by the bookmaker you actually make the value of the free bet so will be in profit.
As you always back and lay against the same outcome you will always get your money back. This means it is a risk free way of making extra money. And, as a bonus, anything you make is also tax free.
How much money can I make?
By following this set method, you can always make at least 70% of the value of the free bets offered by bookmakers.
With more than 50 bookmakers in the UK offering bonuses worth over £2000, there’s at least £1500 to be made simply by signing up.
Matched betting can also be an ongoing source of income for many people. With the competition between different bookmakers quite strong, they also give out lots of ongoing offers.
If you can spare two hours per day, most people tend to make £500-£1000 per month. I keep a matched betting diary on my blog showing how much I’ve made, the types of offers I’ve completed and how much time I’ve been able to spare. As a busy mum with two young children, I don’t have a lot of free time. I normally only ever spend a maximum of six hours per week matched betting if I’m lucky. In the year since I started matched betting, I’ve made more than £7500.
How do I get started?
If you have lots of time, the internet is awash with lots of useful advice to help you find different offers, understand their terms and conditions and calculate the different bets you need to place.
But if you’re anything like me, the whole matched betting world can seem very daunting and intimidating. Before I started, my experience of bookmakers was also very limited. I didn’t really understand how the odds worked or how to place a bet.
So I chose to use a matched betting service instead. There are lots of different companies to choose from but I chose to follow the masses and join Profit Accumulator. It’s the largest matched betting service in the UK. They spoon feed me all of the information I need to do matched betting. This includes telling me what offers are available, helping me find suitable bets, making the calculations for me and showing me how to place bets.
There’s a full Profit Accumulator review on my blog.
They offer a free trial where you can access their training and tools for two offers. This is a great way to see whether matched betting might be for you, whilst also making £35-£40.
If you do decide to take the plunge and give it a go then check out my website for help and advice. There are some top tips for getting started, frequently asked questions and a guide to the terminology of this strange land.
Jodie is former career civil servant, She took a break from Whitehall when her eldest daughter Lily was born nearly 5 years ago. Since then, she’s had another baby – Oliver – and moved to the sticks. As a stay at home mum, her day to day life is very much dictated by the school run, toddler groups, clubs, feeding and the bed and bath routine.
Now she’s on a mission to tell other people all about it.
By sharing the experience of how she got started and manages to fit it in around her children, Jodie aims to help others who might be worried or nervous in taking that first step. Along the way, her blog also offers wider money saving tips and random musings about life with her two kiddies.
You can follow Jodie’s journey via the following links: