Make a living from home with matched betting

How to Use Matched Betting to Make a Living Online

A number of people are looking to matched betting for extra income, but many are also looking to it as their sole source of income.

These people include those that have already started matched betting profitably, but also those that are looking for ways to make money online with just a couple of hours work each day.

This lifestyle is particularly popular at the moment.

Many students are becoming matched bettors in their spare time instead of seeking a job to pay off their entire tuition fees in just a year.

It’s also increasingly popular with stay-at-home mothers and fathers who need a way to make money online easily whilst managing the difficult task of parenthood.

The reason you want to make a living with matched betting is simple:

It’s incredibly easy and can be done by anyone.

The income can be SO great.

In this post, we’re going to tell you everything you need to know about making a living with matched betting – just like we do.

 

Before We Get Started…

If you’re looking for ways to make money online fast but you don’t yet know what matched betting is, then we absolutely recommend you check out our definitive guide: What is Matched Betting?

If you want to carry on reading this guide, we are going to make the assumption that you are familiar with the concept of matched betting and that you understand it’s entirely possible to make a living online with betting.

Let’s get started!

 

Salary Expectations

How much are you planning to earn from matched betting?

You need to be realistic in the figures that you think you can achieve, based on the hours you put in.

We’d suggest that an average of £1,500 profit each month is achievable for most full-time matched bettors, with £2,000 profit capable on good months.

Our best month since turning full-time is well over £3,000 – that’s one person, with one set of accounts.

What do we mean by ‘full-time’ anyway?

In matched betting, we’d say full-time is 2-3 hours a day.

And remember:

Matched betting is 100% tax-free, meaning that a £1,500 monthly profit is actually equivalent to a taxed salary of over £20,000.

Not too shabby for a couple of hours at a computer from home each day.

If you’re able to break that £2,000 profit margin each month, you’d earn a minimum of £24,000 in a year – which is the same as having a salary of over £30,000 in a regular job!

This is all achievable with just one account with each bookmaker.

 

Matched Betting Bankroll

One thing that will be essential for matched betting to earn a full-time income is your bankroll.

Your bankroll is the money that you will solely invest in matched betting, not all of the money that is in your bank.

In fact, we’d recommend you actually use a separate bank account for matched betting; this will really help you become more organised, but it isn’t essential.

A separate bank account will also be useful if you have a few, or many, outgoing payments each month such as rent or mortgage payments, along with direct debits.

Ensuring you have more than enough money set aside to pay your bills is of course a fundamental part of ‘turning pro’.

If you’re looking to earn a full-time income, you’re going to need an absolute minimum of around £4,000-£5,000 in your bankroll.

This can of course be earned by steadily building your matched betting profit over the course of a few months, before going full-time.

REMEMBER:

You only need £100 or so to start matched betting in the first place.

You will easily turn this into thousands of pounds within just a few short months. It’s risk-free.

If you’re lucky enough to already have a few grand spare then you will be able to make the big money instantly, although we’d still advise getting in slowly rather than diving in head first.

It’s important to note that you will rarely need to use all of your bankroll in one go.

However, in the event that you ‘win’ all of your money out of your betting exchange into bookmaker’s accounts or vice versa, you’re going to need to be able to deposit extra funds when necessary whilst you wait for withdrawals to process.

The withdrawal process typically takes 2-5 days with most bookmakers, just as it would for any refund from any shop.

Your bankroll is more of a safety net than anything.

 

Matched Betting Schedule

In order to make the most amount of money from matched betting, you’ll need to have a pretty good schedule in place.

Following someone else’s exact schedule will never be for you, so you’ll need to find a good balance.

However, you’ll always be able to follow a similar pattern to something like:

Mornings: look at any new offers for the day ahead (after your lie in, of course!).

Afternoons: bet on the horses trying to earn refunds or free bets from these. Tennis is another event that can often be matched bet on during the day.

Evenings: bet on the football, trying to earn refunds or free bets from these, lay off accumulator matches for the next day. Horse racing and greyhounds are also possibilities on some evenings, along with sports such as darts and snooker.

Weekends: these will be your busiest days by far.

For most matched bettors, it’s not unrealistic to hit 50% or more of your weekly profits from the weekend alone.

Because most football takes place in the day on weekends, and there are usually an increased number of other offers available too, it can be a bit of a frenzy.

This is where it becomes important to map out your day ahead.

On Saturday and Sunday mornings, map out the best horse races for hitting refunds.

Also, plan the football promotions that you’ll definitely want to be betting on.

The more bets you can actually place earlier on in the day, the easier it will become later on.

However, it’s not always possible to find good matches between the back and lay bets until closer to the event.

The more organised you are and the more you stick to a schedule, the more efficient you’ll be with finding, placing and tracking bets.

 

Keeping Accounts Healthy

An extremely important part of matched betting is a technique known as mug betting.

Mug betting is what makes you look like a regular punter in the eyes of bookies.

Remember:

Bookies are happy for you to do matched betting, as long as you don’t take too much value.

Mug betting is the way you give a little back to them, without actually giving anything (or much) back.

The process of mug betting involves betting on races or matches that won’t qualify you for offers.

To the bookie, this stops you looking like a ‘bonus hunter’ as you clearly want to bet on all events and not just ones that might qualify you for a free bet.

Mug betting is a little more complex than in this short summary, but it’s extremely easy to keep on top of.

A simple rule of thumb to get started with is this:

For every offer you do, you should do three mug bets.

This is especially true for accounts you’re newly signed up to.

We’ve covered advanced mug betting elsewhere if you want to learn more about the intricacies of keeping your bookmaker accounts healthy.

 

If you have any questions about earning a full-time living online with matched betting, please don’t hesitate to drop us a comment below and we’ll be sure to answer any queries you may have.

28 thoughts on “How to Use Matched Betting to Make a Living Online

      1. is their an online bank account that I can use just for matched betting and is there a limit in how much can be made from matched betting per month?
        I use profit accumulator.

        1. Yeah there is, things like Cashplus will charge you a monthly fee of around £5.99 I think though and have a limit on how much you can store in them. Or PayPal/ffrees and other things too. Is there a limit? All depends on the offers available.

          Ouch, I used to use PA too! Unfortunately they’re robbing you with their subscription these days – would advise checking out my Profit Accumulator review ;)

  1. Hi, I am looking to start doing matched betting, but I am just wondering who you would recommend to go with for a second bank account. I am with nationwide, would it be okay to set up a second account with them for matched betting. If not, I was considering using frees (ubank) but I have 2 concerns with them, one, is that they offer no funds protection if they fail and two, they only seem to offer a pre-paid debit card, do I not need a real debit card for the bookmakers? many thanks and great website.

    1. Blimey, bank accounts? No idea on that one to be honest, that’s not my specialist subject! I would say go with one that you can trust and will give you best interest rates or perks etc.

  2. Hi Luke, when you refer to full time being 2-3 hours per day, do you mean 5 or seven days per week? Just trying to work out how viable this is for me and my circumstances.
    Thanks so much.

    1. Donna, it depends really. It’s the 7th of the month, I didn’t work the weekend (although did have 2-3 bets placed for the weekend on Friday) so only the 5th working day, and I’ve already made 2/3 of my old wage in profit. I could keep going for another 2-3 hours a day for the next week and then take the rest of the month off if I wanted to!

      I won’t do that, but when you’re not chained down to anything, you can pretty much work whenever you want.

      There will be months where you need to work harder for the money, but March is a great time due to Cheltenham. I should be able to earn 2-3 months wages if I graft hard this month!

  3. Hey there,

    do you use anything for the sake of security to prevent bookies from spying on you and following
    your footsteps around the net (like from one account to another) like ghostery ?
    Or do you just have manually blocked stuff like iesnare,mpsnare to stop it from sending data back to them ?

    Would be very interesting to know as you do that extensively and I would assume without certain security measures you would quickly lose accounts despite all the mug betting.I mean if they see you move from bookmaker to bookmaker and using various sources it´s becoming obvious that you could be matched betting and thereby quickly see your accounts restricted.

    thx in advance

    patrick

    1. I personally don’t do anything to hide what I’m doing and have kept the majority of my accounts in good shape through a bit of hard work and not being too greedy :)

    1. Simple answer: Yep. If you’re wanting to make more than a couple of hundred quid a month then they are essential.

  4. Hi there,

    I have about £50 in smarkets, £470 in betfair and will have about 2500 in my separate account. I need to turn this into a main income for the 1st July. (My son goes to school and I will be quitting my day job in order to study)
    I am trying to get my head round it all as much as possible!
    Do you think that it is possible?

    Thanks so much

    1. Hi Cassie,

      So you have approximately £3,000 to play with? That sounds great, but it depends how much you need to make to live off as a main income. This can depend on a range of factors including where you live and what your current outgoings are. I’d say that with your current bankroll, you’d be looking to make £800 – £1,000 profit a month on average.

      Let us know if you get stuck and we’ll be on hand to assist.

      Cheers

      1. Hi Luke, apologies for the delayed response!

        Busy moving house etc! I would say my outgoing would be between 650-750 per month. So if I made £1000 that would be great. I have a partner who will be working full time (while I study) but this would certainly help.
        Thank you so much !

  5. Hi,
    My name is Louis and am new to mached betting. I’d like to know: What’s a horse betting refunds? Thanks.
    By the way your info is very good and helpful.

    Cheers,

    Louis

    1. Hi Louis,

      Thanks for your kind words. Horse betting refunds are just free bets generated via betting on horse races. This is something you’ll pick up once you make it past the sign-up offer stage.

      Cheers

  6. hi, i know you wouldnt advise on gnoming but out of curosity, is it safe or okay to use a vpn like pure vpn for it and will the bookmakers know am using it, i wanna know if i can run my girlfriends account with my from the same pc at my own risk… and if pure vpn is not the right one , advise me on the right vpn or to go along with the gnoming my girlfriends account

    1. Plenty of bookies can track that you’re using a VPN and won’t allow access to the site. I wouldn’t advise running multiple accounts through the same device.

    1. Hi Karan,

      Glad to hear it. There are some great cricket offers flying around at the moment – if your account has the profile of a cricket bettor then I don’t see a problem with them! You do just have to be slightly careful with the T20 rules around super overs.

      Cheers

  7. I have £50 and I want to earn at least £500 in my first week and I can put in as much as 6 – 9 hours a day into it. Any advice please and how much do you think I can make in my first week with a lot of time put into this

    1. You’ll struggle to make that in your first week because you’ll need to wait for matches to settle, especially with such a small starting bankroll. We recommend a starting balance of £100 minimum and with that you’d likely make £500+, but within a 3-4 week period rather than 1 week.

  8. Hi Luke
    I have a bankroll of about £150 but due to work commitments I’m only free evenings and Sunday with 1 day off through the week will it be possible to do my bets the evening before?

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