How to earn money in the UK and Europe with Matchbetting

I intend to write a far more detailed guide to match betting without using an odds matching tool like P.A. over the next couple of weeks, this guide will be better suited to those who have zero knowledge of match betting

What is Match Betting?

Match betting is a LEGAL, RISK FREE & TAX FREE way of earning Money. You earn by taking advantage of the various sign up and "reload" offers that bookies provide new and existing customers. For example, when you sign up to William Hill they have an offer of "Deposit £10, get a £20 free bet" You can use this bet and then lay against it at a betting exchange

For example:

Bookie: Bet Chelsea to WIN

Exchange: Bet Chelsea to NOT WIN (It should be noted than when you make a lay at a betting exchange you're covering all other options, so by saying you think Chelsea will NOT win you're saying they will either lose or draw, anything except win)

So now that you've placed them, these two bets will cancel each other out, resulting in you breaking even (or losing a little bit of cash) after this initial bet you will be credited with your free bet. Now, repeat this process again - except this time it's not your own money being used to place the bet! So you get to keep the profits.

How to get started

The best way (I believe) to get started is to sign up for the free trial on Profit Accumulator and follow their step by step instructions. Using their site you can claim two of the offers and earn £45. During the trial you will have the basics of match betting explained to you and once you have earned from your free trial you can use the profit to upgrade to a Platinum account(£22.99/month or £150/year). If you become a platinum member you will have access to hundreds of offers and dozens of extra guides to help you on your journey. When I started doing this a few years back I only used £50 (That I earned doing surveys) as my starting float, however a bigger pot of £100 is advised to help you work through offers quicker.

If you're going to get started with match betting, I recommend you take a photo of the following: Passport or Driving License, bank card used to deposit money, and a recent utility bill - As the bookies fraud prevention teams occasionally ask for these (I've only had it happen once, but it does happen)

Being gubbed & mug bets

Mug bets - Ok, so match betting is completely legal, however, Most bookies aren't too keen on you only using them for offers.
So it's highly recommended to place occasional "mug bets" - What's a mug bet? It's basically a normal (small) bet which is nothing to do with your match betting. A mug bet is simply a small bet to make you look like a regular customer, once again Profit Accumulator has got you covered on the best ways to place mug bets. They advise following a cycle: Qualifying bet, free bet, mug bet, withdraw profits.

Being gubbed - This is when a bookie has figured out that you're only match betting and using their offers, the bookie can limit your account to only making small bets, or not getting any offers. You can get back in good stead with them by placing non-offer bets but this could take time and still never amount to anything.

Slot Offers

These offers aren't required to make a healthy profit, but they can be a good earner for you. Slot offers come in many different flavours, and you have to take each one for its merits, some are simply a few free spins and sometimes you have large wagers involved for your free spins. People are often put off by slots because a lot of the time they’re not completely risk-free. It is up to you to weigh up the value of doing them as you have the chance to win big from doing these, you have the potential to make upwards of £100 from a single offer, but like I said... not for everyone. Profit Accumulator will advise you about the risk factor for each slot offer. It will either be no risk (so for examples and offers where the bookies will give you your money back – wager £5 and be credited £5 if you lose it all) or a low risk offer (which is what most slot offers are) where you have to wager a larger amount but the potential earnings are a lot higher. They will also tell you which slots you are best using, unless the offer is for a selected slot only

Jargon Buster

When you start your Match betting journey you'll notice lots of terms thrown around, if you're unsure of them ask me and I’ll try to explain. Here are some of the common terms:

Lay Bet: This is the bet you lay in the exchange against your bookie bet. This bet covers you for all options that are not what the bet is backing – e.g. Bet is to WIN; the lay bet will cover LOSS and DRAW.

Qualifying Bet: This is when you place a bet to qualify for an offer, for example if the offer was "bet £10 get a £20 free bet" then £10 is your qualifying bet.

Mug Bet: This is a small bet placed to convince the bookie you're a regular punter

Gubbed: When a bookie bans or limits your account, this usually happens due to a lack of mug bets.

Frequently Asked Questions

Q: Is Matched Betting a scam?

A: NO! Everything is tried & tested, supported by various forums all over the internet and has been features on the BBC, The Guardian and various other news outlets... it's legit!

Q: Is Matched Betting Gambling

A: NO! With Gambling you have a risk, Match betting has no risks because you cover every outcome - the only risk is human error.

Q: Is Matched Betting really risk free?

A: Yes and No, If you just follow the instructions for the offers then you will face no risk. However if you decide to use slot offers then there is a slight risk associated with it, but that's your choice you aren't required to do the slot offers.

Q: How is Matched Betting tax-free?

A: As it's considered gambling you don't pay any tax on your winnings.

Q: Will Matched Betting affect my credit rating?

A: NO! But bookies will leave an imprint on your credit file. This is just an identity check to make sure that you are genuine.

Q: Do I need a separate bank account for Matched Betting?

A: NO, But it is recommended, simply because seeing lots of deposits and withdrawals to casinos can look unappealing on your bank account. Most mortgage companies want to see 3 months worth of bank statements - but if you have 10 bookmakers on them every week it might look like you have a problem.

TLDR: Use the free trial from Profit Accumulator to make your first £45 from the bookies (Risk Free).

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