Matched Betting – Is It A Win?
Have you ever had a flutter at your local bookies? The excitement of choosing what to place your bets on. The suspense, waiting to see if you’ve won. The exhilaration when your luck is in.
Or the disappointment, when you realise your hard-earnt cash has gone down the drain.
But what if there was a way to guarantee a win, every single time?
Matched betting, described as risk free legal gambling. But does it sound too good to be true?
How Does Matched Betting Work?
Matched betting uses a technique to quite literally cover all bases. When you place a bet, for example, that England will win their next match, you win your bet if England win. With Matched betting, you place a second free bet, but against your first – so you would bet that England will not win their next match. This way, whatever the outcome – you will have won.
How Can I Find Out What To Bet On?
With matched betting gaining more popularity, there are more sites, pages and groups dedicated to it, giving you more learning resources to see if it is for you. Profit Accumulator is one of many sites, where they guide you where to look for your free bets, what to bet on, and even how much to put down. Most of these sites have a free membership, as well as a paid one, with more opportunities available to you on the paid memberships.
Is It Truly Risk Free?
The short answer is no. No element of betting is ever 100% risk free. Although if you take every precaution and double check every step along the way, you should be fine, but always remember there will be an element of risk – albeit much lower – in matched betting.
Can I Make A Full Time Wage From Matched Betting?
Yes, and no. Matched betting, when done to the letter, can bring in a nice sum of money every month. It is not uncommon for people to make between £1,000 – £2,000 every month, and chances are you could probably bring in even more. Because gambling is currently tax free in the UK – and matched betting classes as gambling, any earnings you make are tax free too. But, it would not be able to be classed as an income – so if you were thinking of applying for credit, such as a mortgage, any earnings made from this would not be counted. Also, as much as it is technically legal, betting companies don’t like it and they can close your account, putting a stop to your money train.
Ultimately, if you have some spare cash, and spare time, then it is definitely worth taking a closer look. It could be a great way to bring in some spare money, and if done properly, is fairly low risk. As long as you start small and build on the money you have, you should be able to start on around £30. Anything you make or lose from there on out was never yours to begin with, so as long as you’re not relying on it, could be a nice little bonus.
