If you are looking for a way of generating a second income which is both risk and tax free then you may have heard of ‘matched betting’ which has experienced a surge of popularity over the last year and is on the increase.
There are currently hundreds of thousands of people in the UK who are earning money from home by matched betting, some full time and some part time, fitting it in between their other commitments.
Here’s a more detailed explanation of matched betting along with the key benefits. Have a read and see how easy it could be for you to be making money by matched betting.
‘Matched betting (also known as back or lay bet matching, or double betting) is a betting technique used by individuals to profit from the free bets and incentives offered by bookmakers. It is considered risk-free as it is based on the application of a mathematical equation rather than chance.’
So that’s the official Wikipedia jargon, but that probably still leaves you with plenty of question which we will aim to cover here:
It sounds technical and complicated, is it?
Actually, no it isn’t. Once you realise the concept of generating cash with this risk free strategy, it is very simple to use. Matchedbet help you out here by making it extremely simple and providing you with guides and videos for each offer. They also have all of the calculators and tools that you need. Matched bettors use an oddsmatcher or automatcher which trawls the internet for you, doing all of the leg work and finding all of the best odds. This enables you to save time and make more money completing more offers.
Is it legal?
How much money can I expect to earn?
It depends on the amount of time you have and that is what makes it so appealing – you can fit in 10 minutes per day or a few hours, it’s up to you. If you spent, say 1 hour per day matched betting, then you’d be earning around £600 per month and don’t forget that it is risk and tax free. Other members are earning up to £1500 per month.
Do I need any special equipment?
You only need an internet connection, laptop or smartphone. The great thing is that you can literally earn money anywhere with matched betting; whether you are a stay at home parent wanting to work from home, a student or just wanting a second income and so are fitting it in in the evenings. Because you can also access it via your mobile, you can even be earning money whilst you are down the pub!
I’m not sure that I have enough time to dedicate to it.
Well, you’ll be pleased to know that each offer only takes minutes to complete so you can do as few or as many as you like.
But it’s ‘betting’, I’m going to lose money aren’t I if I’m gambling?
It’s not gambling or betting in the traditional sense because we never lose any money. It’s risk free betting - we only ever make money – always. Because you ‘back’ and ‘lay’ the same qualifying bet, you are then in a break even situation. Now though, the bookmaker will give you your free welcome bet which you then use to generate free cash – simple and nothing lost.
I’ve never been into a bookmaker or placed a bet.
Don’t worry, you don’t have to have any previous experience or even have to know anything about sport, you are just interested in the profits that you are going to make. It doesn’t matter in the slightest which horse/ team is going to win or lose – as a matched bettor, this isn’t our concern, we are only interested in the figures/ odds.
Can you give me a little more detail of how it works?
Yes, basically you earn your money with matched betting by taking advantage of all the free bet and bonus offers that the bookmakers give out. You harness guaranteed tax free profit from these. You can imagine, that this equates to huge earning potential due to the sheer number of bookmakers and offers that are out there.
The reason that we never lose any money is that we always ‘lay’ our bets at the ‘exchange’. So with our qualifying bet (the bet that we have to place in order to get the free bet) we bet for the event to win at the bookmakers and for it to lose at the exchange – we are break even at this point.
Now, we follow the same procedure again with our free bet. Whether it wins or loses is of no consequence because our profits will either be in the bookies or in the exchange and of course we have made a profit this time because it was the bookies cash that we were using and not our own.
You then continue onto the next deal etc, building and building on your funds.
The below 3 steps should set you on your path to earning some major money working from home with matched betting.
1). Sign up and register with the best matched betting company in the UK; Matchedbet are a dedicated website for matched bettors. They offer all of the guides, advice and offers that you will need along with the technical calculators and software to make your matched betting quick and easy.
2). Let’s look at one of their welcome offers to see how easy matched betting can be. Their guides to the offers really do make it matched betting for dummies.
Coral Bookmakers are offering all new customers a free £20 bet if they place a £5 bet.
- Sign up with Coral and deposit £5.
- Sign up with Betfair (the exchange) and deposit £5.
- Use the Matchedbet oddsmatcher (automatcher) to find a suitable bet.
- Place the ‘back’ bet at Coral and the ‘lay’ bet at Betfair.
- Once the event has finished, your free bet will be waiting for you at Coral.
- Repeat the steps again for you free bet and enjoy your winnings.
3). That was quick and simple and will have netted you between £15-£20 clear profit. Now just follow the same process for all of the other offers.
So what are you waiting for, start earning a second income with matched betting and head on over to Matchedbet where you will find two amazing welcome offers.
These alone will generate you an easy £40 in around an hour and then after that, the profits are limitless.