It’s probably the second-most frequently asked question we get.
Up first – “is matched betting a scam?”
The answer to that one:
Of course it’s not. You don’t have to take our word for it, check out this post in The Telegraph.
To quote from that article:
Graham Sharpe, 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.”
After that debate is settled, the next question that always comes is “so how much profit have you made?” and then after that…
“How much money can I make matched betting?”
Once people realise how much money we’re making, their eyes start to see the pound signs.
…And why wouldn’t they? We were all there once.
How much you can earn from matched betting depends on a few things.
Like with virtually every money-making opportunity in the world, the more money you have, the more money you can make.
The rich get richer, eh?
That’s about right, yes.
However, with matched betting, even the poor are becoming the rich – that includes us!
We say the same thing for everyone asking us how much money you need to start matched betting: £100 minimum.
This is the money you’ll need to place a bet on one bookmaker and then lay it off on a betting exchange.
If you’re lucky, you’ll be able to do two bookmaker sign-ups at once with this investment.
This £100 should turn into £120 or more as soon as your first sign-up has finished.
The process normally takes a day or so – but only five or ten minutes actual work – until the matches or races that you’ve bet on have finished.
You can then take this £120 and move onto the next sign-up, and it will become £140 by the next day.
Soon you’ll have earned enough profit to be doing multiple sign-ups at once, and by the end of your first month you should easily have £500 in profit.
If you start with £100 in 2017, we’d estimate that your twelve month profit will be in the region of £8,000, if you put in at least an hour a day, five days a week.
It could be more!
But what if you already have more than £100 to start with?
If you’re able to start with £300 or £400 (I used my overdraft when I started, although I’m sure you’ll be more sensible!) then you can complete multiple sign-up offers at once from the start.
If this is the case, after you’ve spent a few days learning the process, you’ll easily be able to make £1,000 profit in your very first month, especially when using a service like Oddsmonkey.
In fact, it’s essential you get your choice of matched betting partner right – so why not read our Profit Accumulator honest review?
Here’s a spoiler for you:
The review is NOT good!
That’s why we recommend only the best, and you can get a free trial of their service if you go through this link.
Anywhere in the £1,000 – £1,500 region is more than achievable, with some making £2,000 plus in their very first months.
Personally, I made £1,113.51 in my first month, which is pretty average.
In my best month, once I’d built my bankroll slightly, I made over £3,000 profit.
After the first month is up, or even the first week, you’ll feel crazy that you ever sat and wondered “can I really make money with matched betting?!”
If you start with a £400 investment in 2017, we’d estimate you will have a minimum profit of £12,000 as long as you put in an hour a day.
Previous Betting History
Something that limited me from earning more in the first month was how many betting accounts I was already signed up to.
We hear this question all of the time:
Can I do matched betting if I’m signed up to all of the bookmakers already?
I was already signed up to a whopping seventeen online bookmakers before I discovered matched betting, and I still do pretty well out of it!
Why was this?
I made use of some introductory offers in the past for free bets, as I’m sure many of you have done too.
I also used to gamble a lot. I never thought it was an issue, but when I look back now I definitely have huge regrets.
Not big money, but it was small bets often:
A bet on the football here, a spin on roulette there…you catch my drift.
Those times seem crazy to me since becoming a matched bettor.
Since I started matched betting, I actually find gambling completely unnerving.
The thought that gambling isn’t risk-free (unlike matched betting) and the fact it’s never a good long-term decision puts me off completely.
Hearing people say “I’ve got a horse tip – it’s a cert!” makes me cringe.
I don’t mind the odd small-stakes football accumulator – at least they make neutral games a little more exciting to watch.
However, they’re never going to be reliable income. Ever.
With matched betting, every horse I bet on makes me a profit, even when they don’t win.
Now THAT’S what I like to call a cert.
If you’re already signed up to quite a few bookmakers, it will limit the amount you can earn from the sign-ups alone.
If anything, having a previous betting history can help with matched betting long-term, as you will look more like a typical ‘mug’ punter when you move onto the more exciting reload offers.
You can still earn more than £1,000 from sign-ups, even if you’re already a member of many online bookmakers.
Trust us: you are not signed up to all of the bookies already.
Like I said a little earlier on, I was signed up to seventeen before I got into matched betting – I thought that was all of them.
Now, I’m signed up to somewhere in the region of 60-70, most of which I’d never even heard of until I started this.
Time & Effort Commitments
How much time do you have to put into matched betting?
It doesn’t have to be a lot.
If you do it for half an hour a day, you could easily earn £500 profit in a month.
An hour every few days, and you’re looking at a nice monthly bonus still.
An hour a day or more, and you start to get into the really serious money:
£1,000 – £2,000, or even more on a good month, is easily achievable when you’re putting in at least an hour a day into matched betting.
You can even use it to earn a full-time living, especially due to the fact that it’s tax-free.
You don’t spend this hour trekking the internet for offers; OddsMonkey list them all in one place for you.
All you have to do is log in, look at the day’s offers and place the bets that they tell you to.
Like with most things, the more you put in, the more you’re going to get out.
Conclusion: How Much You Can Make from Matched Betting
How much money you can put in at the start helps, but it really isn’t the defining factor with matched betting.
Within just a couple of months, you can pull yourself up to similar betting bankrolls as most other matched bettors.
If you’ve already signed up to a load of bookmakers, this doesn’t matter at all!
This only hinders how much you can make from sign-up offers, but reload offers are where the real, long-term match betting profits lie.
How much time and effort you’re willing to put in is quite a big factor when it comes to separating the small earners to the huge earners.
However, matched betting is insanely fun.
This is a factor that many don’t consider before starting – they simply think of some additional work load on top of their typical day job.
This is absolutely not the way to think about things; matched betting is not a chore in any way.
If you like to earn serious money whilst having fun (and who wouldn’t?) then it’s definitely for you.