‘How do you fund your travels?’
This is the golden question everyone wants an answer to!
Anthea and I have a few different fingers in various metaphorical pies that allow us to continue to earn as we travel, including ESL teaching and digital marketing.
For me personally though, it’s no exaggeration to say that Matched Betting changed my life. Like many people I had a serious case of wanderlust but no savings to make my dream a reality. Once I discovered Matched Betting I was able to save enough money to start my travels and I haven’t look back since.
It’s always a bit awkward to try and explain what Matched Betting is in just a few short sentences, especially as when people hear the word ‘betting’ they immediately assume I’m just gambling – which couldn’t be further from the truth.
If you’re wanting to skip ahead to the ‘how and why’ of Matched Betting itself, go to my website www.mastermatchedbetting.co.uk to get more information on how to get started and find the answers to some of the most frequently asked questions. I also run a free ‘Matched Betting Support’ Facebook closed group that you can join for added help in making extra money each month.
(Please note, you need to be resident in the UK to do Matched Betting)
So how did I get started with Matched Betting?
I returned to the UK from a Working Holiday year in Canada in late 2015 and I was broke. Not the kind of broke people claim when they are spending all their money on Starbucks, takeaway food and alcohol each month, but the actual broke in which I had less than £20 to my name when I touched down back on English soil.
I was moving back in with family and searching for a job at the age of 27, coming up to a Christmas knowing that I couldn’t afford to buy any presents for loved ones. I did what I had to do and found a Christmas temp job in a call centre, and after a couple of weeks there a friend mentioned Matched Betting to me. I was as dubious as most at the start, and couldn’t afford to lose money taking a risk, but during the next couple of days I spent some time researching about it on my lunch breaks at work and when at home in the evenings.
Once I got my first pay packet, I figured it was worth a try. I signed up for the free trial with Profit Accumulator and spent hours watching the training videos, studying the guides, and reading on the forum to see what other people were saying and recommending. I wanted to make sure I completely understood what I was doing before I started, as I didn’t know anyone else who was Matched Betting that I could ask for advice.
How much did I start with?
I started with about £40 to do my first sign up offer, but as the money came in from my Christmas temp job, I began investing more money into the offers. Within a couple of weeks, I was making more money sat in a café on my hour-long lunch break Matched Betting than I was making from 8 hours that day working on the phones in a customer service job. My problem at the time was that I was spending the money I made Matched Betting, so I never really managed to build my balance up! However, after a few months, I’d saved enough to go travelling again.
Fast forward to mid 2017 and I’d been Matched Betting on and off since starting, whenever I needed a cash injection, whilst doing online English teaching at the same time. Then when Anthea and I decided we were going to go travelling to Mexico in early 2018 I started again in earnest. I wanted to save a minimum of 5k before we left, so that I had that money there when we landed in Mexico.
I decided to really focus on the Matched Betting, as there were plenty of offers each day that I wasn’t taking advantage of, which was just potential profit going to waste. I cut down my online teaching hours so that my earnings from that covered my bills and essentials, and then put all my time and effort into Matched Betting. I learnt how to do the offers I hadn’t attempted yet, and I scheduled my days around the frequent, higher earning offers. In short, I treated it like a job and it paid me back in kind. I hit my target of £5k in just under 6 months.
So what is Matched Betting?
At its most simple, Matched Betting is a system using bookmaker incentives to bet on both outcomes of a wager. It’s a betting technique that enables you to guarantee a profit from the free bets and incentives that bookies offer when you sign up. It requires no previous knowledge of sports, or betting, and is essentially just matching numbers – using the tools and calculators provided once you have signed up. I use a company called Profit Accumulator, who for a small monthly subscription, provide the following assistance;
- Full training modules, with both written and video instructions explaining each concept of Matched Betting.
- Regularly updated offers page, with the offers broken down into specific categories such as ‘Sports book Sign-Ups’ and ‘Reloads’
- A large ‘Offers Team’ – members of staff dedicated to finding potential profit opportunities and teaching users how to do them.
- Step-by-step written, and occasional video, instructions on exactly how to complete each offer
- A large, very active forum where every offer is discussed and there is always support on hand when required.
- Multiple advanced calculators (including usage guides) and tools such as Odds-matcher and Acca-Catcher included in the subscription.
- Full Customer Support, 7 days a week, via phone, email, forum, and Facebook Messenger
Whenever I’ve had a problem with anything, Profit Accumulator (PA) have been excellent at getting me up and running again. There are other companies out there, but PA are definitely one of the most comprehensive and well-run in my experience.
No doubt you still have more questions! There are a few questions that come up time and time again, and I’ve answered the most frequently asked ones on my website, www.mastermatchedbetting.co.uk, but I’ll cover some of the top questions here too:
What is Matched Betting?
Matched Betting is a system using bookmaker incentives to bet on both outcomes of a wager. It is a betting technique that enables individuals to guarantee a profit from the free bets and incentives on offer. It requires no previous knowledge of sports, or betting, and is essentially just matching numbers – using the tools and calculators provided once you have signed up.
Is Matched Betting just gambling?
Due to the word ‘betting’ being in the title, people are often immediately put off. Matched Betting is basically just Maths, and at its most simple, we are covering every outcome on an event so that we are guaranteed profit using the money that bookmakers give us (the free bets). We aren’t interested in whether ‘Team A’ wins or loses, because whatever the outcome we can, and usually will, profit.
Is it really risk-free?
Yes, but this is not accounting for human error. The golden rule is not to rush. Always double check your work and ensure you’re typing in the correct numbers and clicking the correct boxes. Slow down, double check your numbers (just like at school), and then Matched Betting is as close to risk free as possible. If you’re not sure about something then ask! This is why I set up my Facebook group, to give people a safe place to learn and ask questions.
Are Matched Betting profits taxable?
Gambling in the UK is currently tax-free and because matched betting is classed as gambling winnings, there is no need to declare any extra income you make from matched betting. There are no annual self-assessments to complete and no tax to pay.
“The fact that a taxpayer has a system by which they place their bets, or that they are sufficiently successful to earn a living by gambling does not make their activities a trade.”
For more information, you can read here what HMRC themselves have to say about it all.
Is Matched Betting legal?
Yes, although I appreciate it does sound too good to be true! Matched Betting is rapidly growing, and has featured in major news outlets, such as the Telegraph; in the Telegraph article there is even a quote demonstrating how the bookies themselves are aware it’s happening. A spokesperson from William Hill, says the industry does not have a problem with matched betting. “There’s no illegal element,” he says. “It’s a free bet and you can do what you like.”
How do I start Matched Betting?
To get started you don’t need to know anything about betting, or sport for that matter! Anyone can learn how to do Matched Betting and make some money. If you’d like to give it a go, use this link to sign up to Profit Accumulator and receive FREE access to the first two offers – worth around £35. You’ll then have access to a wealth of information including training videos, detailed offer write-ups, and an active forum all designed to help you increase your profit.
Last of all, check out my website, www.matchedbetting.co.uk and you can also join my private Facebook group in which I provide advice, offer guides, and answer questions from members as well as making members aware of the best offers to take advantage of.
Whether you’re looking to make some extra money to be able to travel, like me, or just fancy a little side income, Matched Betting is a great way to generate cash. I hope I’ve inspired you to give it a go and if you have any questions just leave a comment below.
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