Why isn’t everyone matched betting?
December 27, 2018
Anyone who has done matched betting knows that it can be an extremely effective way of making significant profits on a monthly basis.
So why isn’t everyone doing it?
There are a number of reasons some people choose not to get involved in matched betting which is unfortunate given the potential it has to change peoples lives for the better.
It’s too good to be true
Most people hear about matched betting from friends or family who have done it before and are letting others know about how successful they have been with it. After all, if you’re making money from home in your spare time, why wouldn’t you want to brag about it? However, to those who don’t yet understand how matched betting works, it can all seem too good to be true. Many will write matched betting off as a scam or consider it gambling before taking the time to look into it further and unfortunately, don’t get as far as joining a matched betting site such as MatchedBets to learn how it works and how it is possible to make money from bookmaker free bets and promotions.
It’s understandable that many are initially sceptical about matched betting. It’s one of the most effective ways of making money online with little effort and when you hear how easy it is, it’s not surprising many find it too good to be true. The truth is that there are a countless number of free bets and promotions available from bookmakers such as Sport Pesa, Coral, William Hill and more which you are able to make a profit on using matched betting.
If this is your opinion on matched betting, please take an hour or two to read some of the many articles across the internet on how matched betting actually works. I’m confident that once you have done so and understand it, you will change your opinion.
Matched Betting is too much effort
Matched betting is a learning curve for everyone initially. It helps if you have placed bets online before as you’ll have a better understanding of how bookmakers work and things like odds, returns and free bets. If you’re a complete newbie to matched betting, it may seem overwhelming which is understandable. However, if you take the time to read up on it and learn the methods and strategies, it’s 100% worth it!
Matched betting sites such as MatchedBets.com cater for beginners as well as more experienced matched bettors. You’ll find step-by-step guides on how to make a profit from bookmaker offers and tutorials for getting to grips with everything from the start. All the tutorials and guides we provide on MatchedBets.com are available to members and with an initial membership costing just £1 for 14 days, it’s worth taking a look.
As with most things, if you put in the time, you’ll get the rewards. Take the time to understand matched betting and once you do, making a profit from the offers will become second nature and not much effort at all.
Too much money is needed
It’s true that you need money to make money from matched betting. You’ll need funds available to place bets with both the bookmakers and on the betting exchange but you’re able to start with as little as £50 – £100. The aim is to make a profit from each bookmaker offer you complete. There are over 60 sign up offers listed on MatchedBets.com which should make you around £15 – £20 each on average with some making you considerably more. Starting with a small bank isn’t a problem at all as with each offer you complete, your bank will grow, allowing you to complete more offers at the same time and increase your profits even faster.
The risk factor
If you don’t understand matched betting then you may be worried about losing money when in fact, matched betting involves covering all outcomes to ensure that you make a profit. Matched betting is a mathematically proven method and the only risk is human error which is why it is important that you learn and understand matched betting before starting. That is where matched betting sites such as MatchedBets help by providing training guides, videos, step-by-step tutorials and customer support 7 days a week.
Worried about the legalities
Matched betting involves making money from bookmaker free bets and promotions whether your bets win OR lose. As you aim to make a profit regardless of the result, some people don’t understand how matched betting can be legal and is relatable the point above regarding it being ‘too good to be true’. However, if betting is legal in your country or state of residence, then matched betting is also. Bookmakers give out free bets as a way of attracting customers. It’s a necessity for them as there is so much competition in the industry that each one has to offer something to entice punters to bet with them rather than a competitor. Matched bettors simply take advantage of these offers in the best way possible. If you’re a resident of the UK, matched betting is 100% legal.
Declaring income to the tax man
If you’re a resident of the UK then any winnings from betting sites are tax-free. This includes profits made from matched betting. Some people are put off matched betting due to the thought of filing tax returns but there is no need to do this. Any profit you make, whether it be £200 a month or £2,000 a month, is 100% tax-free in the UK. Simply withdraw your profits to your bank account and use it as you wish.
Credit rating implications
This is a common worry for anyone starting or currently matched betting who may be looking to apply for a mortgage or a loan. Matched betting shouldn’t have an effect on your credit rating but with things like mortgages where you need to provide copies of your bank statements, it may not look too good if there are several deposits and withdrawals to and from your account to betting sites.
If you are planning on applying for a mortgage within the next 3-6 months, it is advised that you stop or hold off on starting matched betting. If you have money in your bookmaker accounts then you can continue to matched bet without the need to deposit or withdraw.
If you have any issues with gambling at all then you should not get into matched betting. Although you’re covering all outcomes of your bets to ensure you make a profit, you are still using betting sites to place your bets. This isn’t a problem for the majority of matched bettors as the thrill comes from making a profit on every bet and not relying on your bets winning. There are profitable betting offers available every day which is enough of an incentive for most people to avoid gambling.
It can’t last forever
You’ll hear from many people who have done matched betting that eventually the bookmakers will ‘gub’ you and you won’t be eligible to receive any free bets or participate in promotions. Although it is virtually inevitable that you will experience a gubbing at some point in your matched betting journey, there are ways you can preserve your accounts. There are many articles available which go into detail about how to avoid being ‘gubbed’ which include things such as ‘mug betting’, not taking every offer available, sticking to major leagues and events such as the Premier League or La Liga etc.
Even if matched betting doesn’t last forever, it should be worth your while to take advantage of it while you can. The initial sign up offers should make you around £1,000 profit and it’s unlikely you’ll be gubbed immediately after joining. You’ll then be able to take advantage of the countless number of reload offers available which can bring in significant profits. Reload offers are available from almost all bookmakers with some such as Fun88 offering them on a daily basis.
Many people have been matched betting for several years and earning four-figure profits on a monthly basis which goes to show that matched betting can be sustainable. Of course, no one can predict how long you will be able to claim the bookmaker offers for or how long they will offer them but considering the levels of profit that are achievable and available right now, there’s no reason not to take advantage of them while you can.
If you’re ready to start matched betting then take advantage of the 14 day trial at MatchedBets.com. It costs just £1 and you’ll have access to a full training suite consisting of informative guides and videos to help you understand matched betting. When you’re ready to start, you can work your way through the long list of bookmaker offers we list in the members area. Each offer contains step-by-step instructions on how to lock in a profit whether your bets win or lose. If you need help at any time, our dedicated customer support team are available 7 days a week. Simply drop us an email and we will be happy to help.