One of the best things about Matched Betting is that the income that you make is tax free. Because Matched Betting is considered to be ‘gambling’ income then you don’t have to pay tax on any of your profits. Don’t worry though, Matched Betting is not gambling.
What is Matched Betting?
Matched Betting is taking advantage of Bookmaker and casino offers to make a profit. Bookmakers give incentives for signing up to their sites in the form of bonuses. An offer may take the form of ‘bet a certain amount and get a free bet’. We can make a profit on this by using a betting exchange, such as Betfair, to lay the bet after we have backed at the Bookmaker.
How Much Can You Make?
There is some serious money to be made with Matched Betting. If you don’t have any Bookmaker accounts there will be a lot of sign up offers you can take advantage of. A couple of hundred to a thousand pounds can be achieved per month.
How To Make Money After The Sign-Up Offers
Some people make the mistake of thinking that Matched Betting is over after they have completed the sign-up offers. But there are reload offers that we can do after this. Reload offers are given to existing customers to entice them to keep betting. Some of these offers may be like the sign-up offers or they may be things like price boosts, casino offers, extra places. They may not be as quick and easy as the initial offers but there’s still money to be made.
What’s The Catch?
Matched Betting does sound too good to be true, doesn’t it? But it’s a legitimate way of earning a decent amount of extra cash. The thing is the Bookmakers don’t like people taking advantage of their offers so you may end up getting ‘gubbed’. Getting gubbed means that you will no longer be eligible to take part in their offers anymore. In some situations, they may stake restrict or even close your accounts. All is not lost though as there are still ways you can take advantage of gubbed accounts, such as extra places and, as a last resort, arbing. It’s always a good idea to diversify your income and have lots of ways of making money so that when one avenue dries up you still have other income streams.
How Do You Get Started with Matched Betting?
It can feel like there’s a lot to get your head around at first. The best way to get started with Matched Betting is to join a service such as Profit Accumulator. They have clear instructions and videos to help you step-by-step. And don’t forget to sign up to cashback sites like Topcashback and Quidco as they offer extra incentives for going through their links.
