matched betting

Matched Betting: Get a Risk-Free Bet or Guaranteed Profit with Football Index

Matched Betting: Get a Risk-Free Bet or Guaranteed Profit with Football Index

I’ve talked about matched betting a few times on this blog. To recap, it’s a way of making risk-free (and tax-free) cash by taking advantage of bookmaker special offers and promotions.

Matched betting is perfectly legal and (done properly) it’s not gambling. You can read my introduction to matched betting here, and why I believe it is such a great money-making sideline for over-sixties in particular here.

Today I want to talk about a method you can use to make either a guaranteed profit of around £33, or have a risk-free bet that could potentially return £500 or more in profit. I haven’t seen this method being discussed on matched betting sites generally.

The website you need to use to take advantage of this opportunity is Football Index (not an affiliate link). This is effectively a stock market for footballers. Traders can buy and sell ‘futures’ in top players. The value of these goes up and down according to how the players perform, and as with any stock market traders aim to buy low and sell high to make a profit. Dividends are also paid to the holders of futures in the best-performing footballers and those generating the most media buzz.

I don’t intend to go into detail about trading on Football Index, though, as that is basically gambling. In this post instead I want to highlight a matched-betting-type opportunity to make a guaranteed profit or have a risk-free bet with the potential to generate a much bigger return.

There is no need for any football knowledge or trading expertise to profit from this opportunity. It simply involves taking advantage of the £73.50 cashback offer from the Top Cashback website and (under certain circumstances) the £500 risk-free trading offer from Football Index. The latter stipulates that if you lose money in your first 7 days of trading, you can claim back your losses in full. The only ‘catch’ to this is that if you claim a refund under the 7-day guarantee, you will no longer be eligible for the cashback.



Joining Via Top Cashback

The first step in this method is to sign up as a new member of Football Index using Top Cashback.

I wrote about cashback sites a while ago in this blog post. Essentially, once you are signed up with one of these sites, if you click through to a merchant via a link on the site, you receive cashback for any purchases you make with the merchant in question.

Top Cashback are currently paying the the highest rates for Football Index. If you sign up via Top Cashback, then deposit £10 and wager £9 (minimum), TCB will give you £31.50 cashback (yes, that’s more than you paid, I know). And if you deposit at least £40 and wager at least £39, you will get a whacking £73.50 in cashback. I therefore highly recommend the latter option if you can afford it.

Here is a link to the sign up page for Football Index on Top Cashback. And yes, it’s an affiliate link, so if you are new to TCB and join up with them I will get a small (£7.50) commission. That is actually a lot less than I could make if I used affiliate links to Football Index directly, but then the method described in this post wouldn’t work. You have to join Football Index via the link on Top Cashback to get the cashback offer.

Before you deposit any money at Football Index, you have a choice to make. I’ll talk about the two main options now.

The Guaranteed Profit Option

If you want to make a guaranteed £33.50 profit (at least), deposit £40 at Football Index and wager at least £39. It doesn’t matter whom you buy futures in, so if you aren’t knowledgeable about football just pick any players you’ve heard about or like the sound of!

This means you will qualify for the £73.50 cashback. You can check that your purchase has tracked on the Top Cashback website, and if it hasn’t raise a query with them. According to stats on the TCB site over 99% of all purchases for Football Index do track correctly, though. You will have to wait about 5 weeks for the £73.50 to be credited to your TCB account, from which you can then withdraw it.

Meanwhile, keep an eye on how the price of your ‘portfolio’ of players (or single player) is changing. In the worst possible case (which is highly improbable) you may lose your entire £40. In this case, DON’T claim under the Football Index 7 day money-back guarantee. If you do, it will invalidate your cashback claim. Even if you have to write off your £40, when you take into account your £73.50 cashback you will be £33.50 in profit overall.

Far more likely is that you will be in profit at Football Index or showing a small loss. In that case you can simply sell your futures and withdraw your money, and add this to the minimum £33.50 profit mentioned above.

Alternatively, you might choose to let your investment run. At this point you will be gambling rather than matched betting. But in the worst possible case – if all your futures become worthless – you will still be £33.50 in profit, while potentially you could double your money or more if their value rises.



The Risk-Free Bet Option

This is the other way you can play this offer. Join Football Index through Top Cashback as before, then deposit the full £500 and wager it. In this case you are looking to make a large, quick profit, or else claim under the Football Index 7-day guarantee and get any losses refunded. A risk-free bet, in other words.

You could either put the entire £500 on one player, or spread the money across a number. The former approach has the potential for the biggest returns, but could also lead to the biggest losses. That won’t matter if you take advantage of the refund offer, of course.

Then watch how your investments perform as before. If the value of your portfolio goes up, you are quids in. Not only will you have the £73.50 cashback from TCB to look forward to, you will have your profits from Football Index to take as well. Good call!

If you are down by over £73.50, then before the seven days are up contact Football Index and ask to claim under their 7-day guarantee. You will need to liquidate your portfolio and Football Index will then top this back up to your original £500, which you can withdraw. You won’t then qualify for the TCB cashback, so you will simply break even.

If your losses with Football Index are less than £73.50, you have a decision to make. You could still claim under the 7-day guarantee as before and accept the break-even. However, you might prefer not to claim, in order to remain eligible for the £73.50 cashback. In this case you could liquidate your portfolio and withdraw the remaining money, taking a small loss there, but enjoying an overall profit once you receive your cashback.

You could even choose to stay invested for longer to see if the value of your portfolio rises. At this point you will be gambling, though, and potentially could lose more than you put in (even allowing for the cashback) – so think carefully before taking this course.

Good luck, and I hope you make lots of money from the Football Index opportunity. If you have any queries or comments, as always, please do post them below.

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Matched Betting: Prepare for the New Season!

Matched Betting: Prepare for the New Season!

I’ve talked about matched betting a few times on this blog. To recap, it’s a way of making risk-free (and tax-free) cash by taking advantage of bookmaker special offers and promotions.

Matched betting is perfectly legal and (done properly) it’s not gambling. You can read my introduction to matched betting here, and why I believe it is such a great money-making sideline for over-sixties in particular here.

The summer is typically a quiet time for matched betting, but come next month (August) all that is going to change. I am, of course, talking about the start of the new UK domestic football season!

To be clear, you don’t have to be a big football fan to look forward to this (I’m certainly not). No, the reason to anticipate the new season so keenly is the host of money-making opportunities it will present for matched bettors.

For one thing, the bookies will be pulling out all the stops to attract new clients and get current and former clients back onside. I expect to see a torrent of offers on the football especially in the next few weeks, giving the potential for some tasty risk-free profits by applying matched betting principles.

Also, once the football starts again, there will be many more opportunities to profit from one of my favourite matched betting techniques, Acca Insurance. This involves taking advantage of the offer by several bookies to refund a football accumulator in the form of a free bet if you have one losing leg. By judicious staking you can guarantee yourself a set profit on many such bets.

Finding accas that will work with this method and calculating the required stakes isn’t easy if you are working alone. I therefore recommend using my favourite matched betting advisory service, Profit Accumulator. They recently added a tool called Acca Catcher to the range of resources on offer to Platinum members.

Acca Catcher will find accas with insurance for you, show you how much profit they can generate, and reveal exactly what you need to stake on them and when. My recent blog post on How to Profit from Acca Insurance with Acca Catcher explains how this works in some detail. I have made hundreds of risk-free pounds using this technique and looking forward to making much more once the new season starts.

More About Profit Accumulator

Profit Accumulator is the marched betting advisory service I use myself and recommend to others. It is suitable both for those brand new to matched betting and for experienced matched bettors.

You can join PA free initially and they will provide details of two bookmaker offers you can take advantage of straight away. These should make you around £45 in net profit. If you wish to proceed further, you can then pay to become a Platinum member and get access to the full range of offers and services. As well as Acca Catcher (mentioned above), these include an oddsmatching tool and calculator for finding profitable bets to use with bookmaker offers and maximizing your returns from them.

A further advantage of joining Profit Accumulator is that you get access to the members-only forum, where you can get any questions you may have answered by more experienced members and/or the team behind PA.

If you think matched betting may be for you, I therefore highly recommend that you click through to the Profit Accumulator website to see what they offer and sign up for the free trial. By joining today you will be perfectly placed to take advantage of the flood of bookmaker offers likely to appear in the next few weeks.

As ever, if you have any questions or comments about matched betting or Profit Accumulator, please do post them below.

Disclosure: As well as being a member of Profit Accumulator I am also an affiliate for them. If you join and become a paying member after following any of the links in this post, I will receive a commission for introducing you. This does not affect in any way the cost of the service to you or the benefits you receive.

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Matched Betting: How to Profit from Acca Insurance

Matched Betting: How to Profit from Acca Insurance

I’ve mentioned matched betting a few times on Pounds and Sense. It’s one of my favourite income-generating sidelines.

To recap, matched betting is a risk-free money-making method that involves (legally) taking advantage of bookmaker special offers. By this means you can generate a guaranteed profit for no risk, regardless of how the event/s you are betting on pan out. You can read my post about how matched betting works here, and my post about why I believe matched betting is particularly suitable for over-sixties here.

In my post today I want to talk about a matched betting technique I’ve been using with considerable success recently. This is profiting from acca insurance. Obviously, for the benefit of those new to betting, I need to start by explaining what an acca is.

What Are Accas?

The term acca is short for accumulator. It is a set of bets (usually four or more) where every bet has to win in order for the acca to succeed and generate a profit. That means accumulators are typically quite risky bets. When one succeeds the returns can be substantial, however, as your winnings are calculated by multiplying all the odds together.

Normally if one leg of an accumulator fails, the whole bet is lost. However, a number of bookmakers offer something called acca insurance with football bets. In this case, if one leg of your acca lets you down, your stake is refunded, generally as a free bet to the same value as the original. By laying off some (or all) of the bets in your acca – and staking carefully – you may be able to take advantage of the ‘added value’ from the insurance to guarantee yourself a profit.

As we shall see there are various approaches you can use, but my clear favourite is the Lock In method. This guarantees a set profit however many legs of your bet fail, from none to all five.

Of course, this profit is less than you would get from a winning accumulator that you didn’t lay off, but as I said earlier accas are risky bets. Using the Lock In method all but removes the risk of losing money (in theory you could still lose if the lay odds on later legs move massively against you, but that is highly unlikely – and much more often the odds actually move in your favour).

Finding accas that will work with this method and calculating the required stakes is not easy if you are working alone. I therefore recommend that you use my favourite matched betting advisory service, Profit Accumulator. They have recently added an online tool called Acca Catcher to the range of resources on offer to Platinum members.

Acca Catcher is an amazing tool that will find accas with insurance for you, show you how much profit they can generate, and reveal exactly what you need to stake on them and when.



About Profit Accumulator

As I have mentioned on Pounds and Sense before, Profit Accumulator is a membership website that provides in-depth tutorials on how to apply matched betting strategies to make money. They also provide special ‘oddsmatching’ software to find suitable bets and calculators to work out the necessary stakes (which is of course crucial).

In recent months Profit Accumulator have added a number of new tools to their Platinum Membership. These include Match Catcher (a tool for those doing horse-racing refunds) and Dutching (a tool for finding arbitrage opportunities among two or more bookmakers). I’ll talk about these in future posts.

As mentioned above, however, the tool that I want to focus on today is Acca Catcher. I will reveal how this works below, though to get full details I highly recommend signing up with Profit Accumulator and watching the training videos they provide.

 

Using PA’s Acca Catcher

Here is a screen capture of the page that opens when you log in to your Profit Accumulator Platinum account and click on Acca Catcher in the Oddsmatching menu. Obviously, by the time you read this, the accas shown will have changed.

Acca Catcher opening screen

Acca Catcher shows a number of accas you can use with this method. By default they are arranged in order of EV, which stands for expected value. This is a measure of how profitable they should be, so the larger the better is the rule here. As you can see, the top one listed here (with the highest EV) Is with William Hill. This is often the case, as William Hill have the most generous terms and conditions and allow you to stake up to £50 per acca (some other bookies limit you to £25 or less).

The QLoss figure stands for qualifying loss. This only applies if you use what they call the Normal method. In this case you stake in such a way that if you end up with exactly one losing leg in your acca you get a free bet (from which you should be able to generate an 80% profit) and with any other outcome a modest qualifying loss. Using this method, on average you should make a profit equivalent to the EV shown. This is typically slightly higher than the profit available using the Lock In method, but of course it is only an average, and some of the time you will lose money.

Personally I prefer the certainty of the Lock In method even if it might be marginally less profitable overall. You may see this differently, of course.

The other things shown on the opening screen are the actual games in the acca, the total back and lay odds, and the start and end dates of the acca.

One other thing you will notice to the left of each acca is a small calculator icon. This is very important, as if you click on it, it will show you everything you need to know in order to extract a profit from the acca in question. So let;s see what happens when we click on the first of the accas shown…

Acca Catcher - calculator page

Note that by default the ‘Normal’ button is selected at the bottom left. As I prefer the Lock In method, however, I have switched it to that.

The calculator now shows you the acca bet you have to make and the first lay. Note that while you place all the back bets together in your accumulator, using the Lock In method you place the lay bets sequentially. This is necessary as the required stake can change depending on whether each leg wins or loses (and after two losing legs with the lock-in method you stop laying).

If we were doing this bet, then, our first step would be to place a £50 acca bet at William Hill containing the five bets shown. We would then lay off the first leg using a lay stake of £47.67, exactly as shown in the calculator.

Once the match has been played and the result is known, we then return to the calculator and click on the green tick on the right if the result was as forecast (in this case a win for Manchester United) or the red tick if it wasn’t (a draw or away win). The calculator then shows us the lay stake we need to place in the next leg (see below).

Acca Catcher - after first leg played

So we now place a lay bet of £73.26 on Manchester City. This process continues until we reach the end of the acca or there are two losing legs, whichever comes first.

Let’s say for the sake of argument the middle leg of the acca loses but all the others win. The final calculator screen will look like this:

Acca Catcher - final outcome

As you can see, because one leg lost, the acca doesn’t pay out and you have made a net loss on it. However, you qualify for a £50 free bet on the acca insurance. By backing and laying the free bet using standard matched betting technique (and the free calculator on Profit Accumulator) you should be able to extract around £40 profit from the free bet. In the example above, as the calculator says, you would therefore end up with a net profit of £9.12. Give or take a few pence, your net profit would be just the same if all five legs won or none of them.



More Acca Insurance Tips

I have set out above the basics of how matched betting with acca insurance works. As I said earlier, I highly recommend watching the training videos on Profit Accumulator to see exactly how it works step by step. Assuming you are a PA Platinum member you can also play about with the software to your heart’s content without spending any money until you are confident with it. Here though are a few more tips to help you on your way…

  • Bear in mind that if you can get better odds than those shown in the calculator, the net profit will be boosted. I find that often as a match gets closer the lay odds will go down, making your bet more profitable. You can enter the new lay odds manually and the lay stakes and profit figures will be automatically adjusted.
  • Sometimes Acca Catcher shows lay odds from Betfair, other times from Smarkets. I use the latter as much as possible, as their fees are lower and it simplifies matters to lay all your bets in one exchange. In any event, it is often worth checking the other exchange, as you may be able to get a better price there than the one shown on the calculator. Exchange prices change constantly, and if there is plenty of time before the next leg you may want to try entering a lay bet lower than the current offer price in the hope that it will be matched subsequently.
  • As mentioned above, an alternative to the Lock In method is the Normal method. With this you aim to have exactly one losing leg in your acca in order to qualify for the refund. With any other outcome (no losing legs or two or more) you suffer a small qualifying loss. With the Normal method, as soon as you have one losing leg in your acca, you stop laying. With the Lock In method, by contrast, you don’t stop laying until you have two losing legs.
  • Another option on the calculator is ‘Lay All’. This is where you lay all your selections at the same time (obviously before the first leg starts). This method only works when all the selections are available at extremely short odds (generally no higher than 1.20). The profits vary according to how many legs win – typically you will make a decent profit if all legs win, but if one loses you will make a very small profit or break even. With two or more losing legs the winnings increase again, but at such short odds this is obviously rare. I haven’t bothered with the ‘lay all’ method myself, but the option is there if you want it. It does have the obvious attraction that you can do all your backing and laying at once.
  • One thing to watch with accas is that you don’t have more than one ending on the same day. In the case of William Hill (and some others) they will only give you one refund per day – so if you have two accas ending the same day, each with one losing leg, you will only get one refund. That would leave you with a net loss on the other acca, of course.
  • As you may gather, I’m a big fan of William Hill, not least as they allow you to stake a generous £50 per acca and have this refunded as a free bet if one leg loses. Using the Lock In matched betting method, I would generally expect to make a minimum of £10 per William Hill acca. I therefore highly recommend using William Hill with this method, but would also advise placing other ‘mug’ bets with them to try to reduce the risk of having your account restricted (or gubbed, as matched bettors say). You can lay off your mug bets to minimize your losses from them.
  • Different bookies have different rules about accas, e.g. Ladbrokes only allow insurance up to a maximum stake of £25 and a smaller range of national leagues is eligible. Other bookies specify minimum odds for each leg of your acca, e.g. with Paddy Power the minimum is 1/5 (1.20 in decimal format). Acca Catcher from Profit Accumulator should incorporate any such restrictions into its recommendations, but it never hurts to check if you are uncertain.
  • When entering results in the calculator, remember that the outcome that counts is the one at full time (90 minutes). Some cup and international matches have extra time if the teams are drawing after 90 minutes, but the result after extra time isn’t relevant for acca betting purposes.

Good luck with your acca insurance bets. If you have any comments or questions, as ever, please do post them below.

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Two More REasons for Matched Betrtors to Sign Up with Profit Accumulator

Two More Reasons for Matched Bettors to Sign Up With Profit Accumulator

I’ve talked about matched betting a few times on Pounds and Sense. It’s one of my favourite methods for making a sideline income.

For those who may not know, matched betting is a risk-free money-making method that involves (legally) taking advantage of bookmaker special offers. By this means you can generate a guaranteed profit for no risk, regardless of how the event/s you are betting on pan out. You can read my post about how matched betting works here, and my post about why I believe matched betting is particularly suitable for over-sixties here.

Although it’s not essential to subscribe to a matched betting advisory service, if you are new to betting in particular it is highly advisable. The service I recommend is Profit Accumulator.

About Profit Accumulator

Profit Accumulator is a membership website that provides in-depth tutorials on how to apply matched betting strategies to make money. They also provide special “oddsmatching” software to find suitable bets and calculators to work out the necessary stakes (which is of course crucial).

Profit Accumulator have also just added two new services to their Platinum Membership. Previously these were only available to people playing an extra fee of around £15 a month for Platinum Plus membership (in addition to the normal Platinum members’ fee). The services in question are Acca Catcher and Match Catcher.

These two services are both aimed predominantly at people who have completed at least some of the introductory offers and are now looking to diversify their matched betting income.

Acca Catcher is designed to help members profit from refund offers on accumulators. In these you select four or more events to bet on and all must result as predicted for the bets to succeed. Some bookmakers have an offer where if one leg of your accumulator fails they refund your stakes. By carefully calculating your stakes you may be able to guarantee a set profit however your bet turns out. Acca Catcher takes you step by step through finding and exploiting such opportunities, showing you exactly how much to stake and when.

Match Catcher is software that helps users capitalize on horse racing refunds. Again, some bookies offer refunds if a horse you bet on comes second (sometimes third as well). If you can get a close match between the back price and the lay price of such a horse, you can stake in such a way that you only make a very small loss whatever the outcome, and in addition get the refund when your chosen horse comes second or third. With racing refunds you won’t win every time, but overall you will make a steady profit.

At the time of writing Profit Accumulator Platinum Membership costs £17.99 a month, including these two additional services. You can also take out an initial free trial membership which includes two offers that should make you up to £45 in tax-free profits.

In my view if you are looking for a tax-free way to supplement your income, matched betting via Profit Accumulator is well worth considering. You can make over £1000 quite easily by doing the bookmaker welcome offers. After that there are so-called reload offers made by bookmakers to existing clients, and you can now also use Match Catcher and Acca Catcher to help you take advantage of racing refunds and accumulator offers.

If you have any questions about matched betting or Profit Accumulator, please do post them below and I will do my best to answer them.

Note: As per my disclosure statement, I should like to make clear that as well as being a member of Profit Accumulator I am also an affiliate for them. If you join and become a paying member after following any of the links in this post, I will receive a commission for introducing you. This does not affect in any way the cost of the service to you or what you receive for your money.

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12 reasons Matched Betting is a Great Sideline for Over Sixties!

12 Reasons Matched Betting is a Great Sideline for Over Sixties!

Pounds and Sense aims to cover financial matters from an over 60s perspective. So today I thought I’d talk about one of my favourite moneymaking sidelines (or side hustles in the modern parlance) matched betting, and why I believe it is ideally suited to people in our age group.

I spoke about matched betting in this post a few weeks ago. To recap, it is a way of making risk-free cash by taking advantage of bookmaker special offers and promotions.

I have been matched betting on and off since last September and my total earnings to date stand at around £2000. I know for a fact that there are people making this amount every month using this method!

Here then are 12 reasons why I believe matched betting is something anyone in our age group should at least look into…

1. Older people typically have some time available during the day (as well as evenings and weekends). This is ideal for matched betting, as to take advantage of some opportunities you need to be around during the daytime.

2. Matched betting is tax-free, as it is regarded as a form of gambling (although done properly it isn’t). It won’t therefore generate any additional tax liability for you, or affect your eligibility for means-tested benefits.

3. Matched betting income cannot be taken into account by banks or building societies if you are applying for a mortgage. That can be a problem for younger people, but it won’t typically worry older folk.

4. Most older people are careful with their money and avoid taking needless risks with it. Other things being equal, they are less likely to be tempted from matched betting into gambling. Of course, if you have ever had a gambling problem in the past, it is probably best to avoid this particular activity.

5. Most older people have at least some savings. That is important, as you do need a small amount of capital to start matched betting. This money is not actually at risk, but it is needed to do the offers, and you can withdraw it at any time. If you have no savings at all, however, matched betting will be difficult for you.

6. Online bookmakers typically perform credit checks before allowing you to open an account. As an older person you are likely to have a long credit record, which will reassure them. Younger people sometimes find themselves being asked to jump through various additional hoops before they can open an account.

7. Also, my experience is that bookmakers tend to be less suspicious of older punters. If you are over 60 you will probably not fit the normal profile for someone doing this. That means you are less likely to have your account restricted (or gubbed, as we say) if they suspect you are matched betting. Matched betting is not illegal, incidentally, but bookmakers don’t really like it. They much prefer ‘mug punters’ who bet recreationally and lose money steadily to them!

8. Hopefully as an older person you will have a degree of financial security. That means you won’t be totally stressed out over potentially losing a pound or two if you make a mistake. That’s important, as you need to be focused and relaxed when matched betting. It’s not rocket science, but it does require care and concentration.

9. And likewise, if you will excuse a further generalization, as an older person you will likely be punctilious about following the instructions from matched betting services (if you belong to one). And neither are you likely to be tempted to go ‘off piste’, at least until you have gained more experience.

10. As an older person, you will probably be accustomed to keeping financial records. This again is essential for a matched bettor, to keep track of your profits and where they currently are.

11. You don’t have to do matched betting every day. If you have family commitments, part-time or temporary jobs, holidays, medical procedures or just want to take a break from it for a while, it’s very easy to put it on hold and come back later.

12. And finally,  matched betting is a great (and enjoyable) way of keeping your brain active, with the bonus that you are making money as well 🙂

Getting Started

So how do you get started as a matched bettor? Unless you are already an experienced punter with a good understanding of the mathematics involved, I highly recommend joining a matched betting advisory service. They set out everything you need to know with step-by-step instructions, and also provide software tools with advice on how to use them. You can sign up and use these services even if you have never placed a bet in your life before.

The service I use myself and recommend for beginners is Profit Accumulator. This is a dedicated matched betting advisory service. You can join free initially and they will provide details of two offers you can take advantage of straight away. These should make you around £45 in net profit. If you wish to proceed further, you can then pay to become a Platinum member and get access to their full range of offers and services.

A further advantage of joining Profit Accumulator is that you get access to the members-only forum, where you can get any questions you may have answered by more experienced members and/or the team behind PA.

I will be covering other aspects of matched betting in future posts, so please do sign up in the right-hand column to be notified when the blog is updated (you can also follow PAS on social media and Bloglovin). And if you think matched betting may be for you, do click through to the Profit Accumulator website to see what they offer and sign up for the free trial.

As ever, if you have any questions or comments about matched betting or Profit Accumulator, please do post them below.

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Can You Make Money From Matched Betting

Can You Make Money from Matched Betting?

Some of you may know that in my earlier career I wrote quite a lot about gambling, principally for subscription-based newsletters such as Risk Free Betting News and The Winning Report (both now closed). Matched betting is a concept I hadn’t really come across till earlier earlier this year, however, and initially I dismissed it as having limited money-making potential.

It just shows how wrong you can be.

What changed my mind initially was that my blogging colleague Emma Drew was promoting matched betting heavily on her blog. She said it was her favourite side-hustle, and the figures she shared (around £12,000 profit in a year) were certainly compelling. I decided I needed to find out more, so I did some research on it. I’ve set out what I found below.

What is Matched Betting?

Matched betting is a method for making risk-free profits by cleverly taking advantage of offers made by online bookmakers.

The best offers are those made to attract new clients. Here’s an example. Coral offer a £20 free bet for new online customers. To get this, you have to open an account with them and deposit and bet £5. Once you have done this, Coral will immediately credit you with £20 worth of free bets.

So how do you turn this into a guaranteed profit? Ah, that’s the clever bit. You make use of a website called an exchange (Smarkets and Betfair are two of the better known). These sites allow anyone to lay a bet (i.e. bet that the outcome in question won’t happen). By backing with a bookmaker and laying the same bet at an exchange you can ensure that however the event pans out, you will only make a small loss or occasionally a tiny profit (depending on the odds available).

So far, so underwhelming. With a normal bet this is obviously of limited value, but when your first bet qualifies you for a second (and in Coral’s case much larger) free bet, it suddenly becomes a lot more interesting. Here’s an example…

At the time of writing, Hull City are about to play Everton in the Premiership. You can back Hull to win with Coral at 4.75 (15/4 in the more traditional but less useful fractional style) and lay them with Smarkets at 4.70. If you put £5 on Hull with Coral and at the same time lay Hull to the appropriate stakes (something I’ll come to shortly) you can ensure that whether Hull do or do not win, your net loss will be just 2p.

But now, because you are a new member, Coral will give you £20 worth of free bets. You can back and lay these again to generate a guaranteed profit. For the sake of simplicity let’s say you use the same market, Everton v Hull, although you certainly don’t have to. At the odds mentioned, and backing to the correct stakes, you can guarantee yourself a net profit of £15.70 either way. Subtract the 2p loss from your qualifying bet, and once the dust has settled you will have made a risk-free (and tax-free) £15.68. If your bet loses with the bookie, your profit will be in the exchange (remember, this is a free bet so it hasn’t cost you anything). If the bet wins at the bookie, you will lose money at the exchange, but your winnings with the bookie will exceed this, giving you the same net profit either way.

Those are the bare bones of matched betting. Of course, there’s more to it than that, but most matched betting opportunities boil down to this. You place an initial qualifying bet and lay it to ensure (at worst) a small net loss, and then back and lay the free bet you receive to make yourself a guaranteed profit.

So How Do You Find Matches and Calculate Stakes?

You can of course do all this yourself in theory, but that would be very time-consuming and involve a lot of mathematics. Fortunately there are online services that will do all this for you and provide step-by-step instructions. You can apply these even if you have never placed a bet in your life before.

Here’s the service I use and recommend for beginners to matched betting…

Profit Accumulator

Profit Accumulator is a dedicated matched betting site. You can join free initially and they will provide details of two offers you can take advantage of straight away. These should make you around £45 in net profit. If you wish to proceed further, you can then pay to become a Platinum member and get access to their full range of offers and services.

As well as detailed instructions on offers you can profit from, Profit Accumulator also provide online software you can use. Their Oddsmatching tool helps you find markets where the back and lay odds are as close as possible, so you can minimize your qualifying losses and maximize the value of your free bets.

And they also have calculators, where you enter the back and lay odds and how much you want to bet at the bookmaker. The calculator then reveals how much you need to lay at the exchange to guarantee a set profit.

A further advantage of joining Profit Accumulator is that you get access to the members-only forum, where you can get any questions you may have answered by more experienced members and/or the team behind PA.

What Happens When You’ve Exhausted All the Opening Offers?

This was the first thing I wondered, and I know other people do as well. First of all, it will take you quite a long time to work through all the offers on the PA website. In total, they currently list 64. Not all of these are as simple and straightforward as the Coral offer, but nonetheless if you follow the step-by-step instructions they can all generate a healthy profit for you.

After that, you can move on to reload offers. These are offers made by bookmakers for existing members to encourage them to keep coming back and using their service. Reload offers work in a wide range of ways. Some provide a guaranteed profit if you apply them correctly, while others sometimes make a small qualifying loss but other times produce a much larger profit, generating a good net profit overall. Reload offers are also listed on the PA website and updated every day.

My Own Experience

I joined Profit Accumulator in September 2016, initially as a free member. Once I had completed the opening offers and was convinced of the potential of this money-making approach, I upgraded to Platinum membership.

I paid for a year’s membership straight off as this is more economical, but if you are more cautious you can also pay monthly. At the time of writing this costs £22.99 a month. Your first month will, of course, be more than covered by the profits from the initial (free) offers.

Three months on, my total profits stand at just over £1000. Other people do better, but I have had a busy few months (including launching this blog!) so have only been matched betting now and then. It has already become one of my favourite side hustles, though, and the fact that it is tax-free in the UK (as it is regarded as gambling) is another bonus.

Is Matched Betting for Everyone?

In principle anyone can do matched betting, but it is probably more suitable for some people than others. In particular, it will help if you have a small amount of capital to get started – at least £50, preferably £100 or more.

If you have less you can still do it, but it will take longer to build up your earnings. Remember that you will need money to fund your qualifying bets at the bookmaker sites and also your exchange account. You don’t lose this money – it simply moves between bookie and exchange according to how events pan out – and you can always withdraw it if required. But to operate as a matched bettor you do need to have some ‘working capital’.

The other requirement to make a success of matched betting is that you need to be reasonably well organized and methodical. Matched betting is not difficult once you grasp the basic concept, but if you make a mistake it is possible to lose money doing it. Initially at least it’s important to take it slowly and steadily and follow the instructions on Profit Accumulator (if you have signed up with them) to the letter. It helps to be numerate as well, although the actual calculations are done for you by the Oddsmatching tool and calculators.

I plan to cover other aspects of matched betting in future posts, so please do sign up in the right-hand column to be notified when the blog is updated (you can also follow PAS on social media and Bloglovin). And if you think matched betting may be for you, do click through to the Profit Accumulator website to see what they offer and sign up for the free trial.

As ever, if you have any questions or comments about matched betting or Profit Accumulator, please do post them below.

 

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