Is Matched Betting Still Profitable in 2018 – Complete Guide
Welcome to my matched betting review!
You have probably heard of people making consistently online £500, £1,000 or even £1,500/month online with matched betting. But the big question goes, "Is Matched Betting Still Profitable in 2018?"
I decided to write this article to answer your question in a comprehensive manner and show a way how you can start making money with matched betting. You can probably make your first profits already today just in 30 minutes if you want.
Without further ado, let's have a look.
Matched Betting Review - Quick Overview
Basic Idea: A 100% risk-free and guaranteed way to make money online by taking advantage of bonuses and incentives of betting sites, online casinos and bookmakers
Price: You can get started for free. However, the bigger your initial investment is, the faster and bigger profits you'll make.
Best for: People who want to make an extra £500-1,000/month online.
Summary: Matched betting is still a profitable in 2018. It's relatively easy and 100% risk-free way to make money online. I think many people would like to learn how to do it. That's why this guide will be helpful for them.
Note: If you think that matched betting isn't for you, I recommend taking a look at my #1 recommendation for making money online.
What Is Matched Betting?
Shortly, matched betting is a technique where you make money by taking advantage of bonuses and free offers provided by online casinos and betting sites. It's generally a risk-free strategy to make some easy money.
I have seen some people reporting to make even £5,000 during their best months but the typical earnings seem to be around £500-900 ($700-1200) per month.
If you invest more time and you have more time for matched betting, you can make more money with it. However, I always say for those of you that want to make £10,000/month online, matched betting isn't fully recommended. If you want to make +£10,000/month online, I recommend following this step-by-step training.
How Does Matched Betting Work?
Unlike regular betting, matched betting is a risk-free strategy to make money online. You are taking all possibilities into account so you don't take any risks. The only possibility is that you win money.
How is that possible? Let me explain.
Bookmakers, betting sites and online casinos provide all kinds of bonuses for their users and new members. They are able to do it because they believe that members will spend more money on their site than they receive from the offers. However, with matched betting you only take the bonuses and don't spend more money on the site.
One of the most typical bonus is a welcome bonus.
Almost all online betting sites and casinos provide a welcome bonus for new members. They say, or example, "Get free $100 when you sign up!" or "Get 20 free bets when signing up to our website."
Often they have some requirements that you need to fulfill to claim the bonuses. That can be, for example, to make 5 bets before claiming your bonus.
With matched betting you take all possibilities into account. You bet for all sides that you can't lose. For example, in a tennis match you bet for both sides. In this case you would just make 5 bets, and claim your bonus.
Even though you would lose $5 per each bet, you will still make a $75 profit because of the initial $100 welcome bonus.
Now you may think that it takes lots of time to look for such offers and calculate the profits. That's why there are tools that calculate your profits automatically and show you the most profitable bets. Let me introduce the best tools for you quickly.
How to Make Money Faster with Matched Betting?
https://youronlinerevenue.com/my-honest-wealthy-affiliate-review/There are several companies that provide step-by-step trainings and tools to help you to get started with matched betting easily and make more money with it.
My #1 recommended tool is called OddsMonkey. They provide you more than 100 step-by-step tutorials to help you to make more money faster with matched betting.
They have also a comprehensive set of tools that show you the most profitable bets for each day automatically. They show you how large or small amount you much bet. In the other words, that tool saves tons of your time because you don't need to make those calculations manually with your calculator.
Of course, you can check out OddsMonkey's calculations but you'll quickly realize that they are always correct because the bot makes them automatically. You just need to take action and place the bets to make profits.
There are also other tools that work in a similar way like OddsMonkey but in my opinion they aren't as comprehensive and as high quality as it is. Anyway, if you want to check out another great tool for matched betting, it's called Profit Squirrel.
How Much Can You Earn with Matched Betting?
This really depends on how you look at things. If your goal is to earn +5,000£/month, matched betting most likely isn't worth it. You can make comfortably something like 500£/month but the reality is that you can't make a fortune.
That being said, I know that many people are quite satisfied with an extra 500£. If that's also your case, I recommend following the training on OddsMonkey so you will make that income as well.
A challenge with matched betting is that you are not earning passive income. It means that you earn money with matched betting only if you do the work. When you stop working the income stops flowing in.
My personal goal is always to build passive income streams because they will accumulate over the time course into much bigger income. If you want to learn how to make passive income online like I do, I suggest having a look at my #1 recommendation.
In the long run, you will earn much more income with that compared to the matched betting. One option is of course to get started with both. You can earn some money with matched betting each month and some money with other betters that build you passive income streams.
How Long Does Matched Betting Take?
Getting started with Matched betting doesn't take a long time. Basically, you just need to sign up to 2 betting sites that offer you a bonus, place the bets and wait until it's finished. In the other words, you can get your first income right away.
The more money you want to make, the more time you need to spend. However, if you have a larger amount of money to invest right away, you can make a bigger income faster.
Matched Betting for a Living?
I noticed that many people on the Internet were asking whether it's possible to make a living online with matched betting. Maybe you were also asking that question as well.
The short answer: Yes, at least in theory.
The long answer: As mentioned in the last chapter, you can make comfortably an extra 500£/month. If you are living in the UK, that most likely won't cover your living. In the other words, you need to look for more offers to increase your income.
That's probably possible but quite time-consuming.
If you are living in a cheap country, you may think, "500£/month for a living is great! In my country people live with much less." However, there's a little challenge.
Many offers on the matched betting sites are only available in the UK or some other specific countries. If you are living in a third-world country, unfortunately many offers aren't available for you in the same way.
Still you could probably find some offers to make some money just to get by. Check out OddsMonkey and what they have to offer for you.
That being said, I personally recommend that you don't solely depend on matched betting. What if betting sites change their rules? What if you don't get bonuses anymore? What if you get banned from most sites? Therefore, I highly recommend that you also start building a reliable online income and don't solely depend on matched betting.
There are still people who make consistently +£1,500/month with matched betting.
That's possible when you can use more time for it and you have a bigger amount of money to get started. For example, Gavin makes £1,400/month on his free time with OddsMonkey.
£1,500/month from matched betting equals to more than £30,000 annual gross income. That's because the earnings that you make with matched betting are completely tax-free in the UK and in most other countries. as well.
And I think we can call £30,000/year making a living.
Is Matched Betting Safe?
As I mentioned in the chapter above, there aren't really risks with matched betting. The biggest risk is just to get banned from a certain betting site.
Then you just move on to the next site. There are hundreds of betting sites on the Internet so getting banned from one site isn't a big deal.
Can you lose money with matched betting? No.
You can't really lose money if matched betting if you follow the steps provided by OddsMonkey or other training.
Matched betting is a risk-free way to make money online because you are taking all possible scenarios into account.
Is Matched Betting Legal?
Yes, matched betting is legal. The worst thing that can happen is that you get banned from an individual betting site because you are "taking too much value" on their site.
The spokesperson of William Hill, which is by the way one of the biggest betting sites in the world, has said that the industry doesn't have a problem with matched betting.
You are just following the rules that they have laid out for you so you are not doing anything illegal there.
It's up to betting sites if they want to provide bonuses or not. And 99% of the betting sites provide bonuses because they have noticed that most members end up wasting more money than they have earned from the bonuses.
However, with matched betting you take more money than you lose because you follow the proven formula and calculate (or the bot calculates) your all the probabilities.
Is Matched Betting Taxable?
Matched betting is probably most popular in the UK where it's completely tax-free. The legal rules may differ in other countries. As far as I know, it's tax free in most countries.
That's of course a huge benefit because in many countries you normally need to pay high taxes. Let's say that you earn a gross income of 1,000£. Then you need to pay 300£ in taxes and the rest 700£ stays in your pocket.
You immediately lose 30% of the profit in this example. If you are a high-earner, taxes are even higher in many countries.
On OddsMonkey forum, members usually report £900/month earnings. That equals to around £20,000 annual gross income. In UK or other countries the taxes are so high that you get a nice bonus when you don't need to pay taxes legally for matched betting.
Is Matched Betting Ethically Right?
I heard of the matched betting for the first time more than 5 years ago. I was seacching online for good ways to make money online and somebody explained matched betting. (Since then I have researched more than 400 make money online opportunities and published reviews on this website YourOnlineRevenue.com).
I quickly figured out that matched betting is a proven strategy to some money. You can't lose but you will win for sure. However, the next question that appeared in my head, "Is this ethically right?"
I enjoy making money online but as a Christian I always want to make sure that the things that I am using are ethically correct. So I started thinking. I explained how matched betting works to another man and after thinking a while he replied, "That is stealing. You would be stealing from online casinos."
Therefore, I decided to leave it for then.
After a few years after that I got to know one entrepreneur who actually became one of my closest friends. He explained that his friend had earned thousands of dollars with matched betting and he is himself also doing it occasionally.
I must still say that he wasn't very proud of making money with matched betting. He saw it more as a temporary way to make some quick money online before his businesses take off.
I figured out that it's possible to make easy money with matched betting meanwhile there are some more profitable ways to make money online.
However, now I have changed my mind.
I don't like betting or gambling. In my opinion, that's not good. With matched betting you and I can eat the profit from online casinos and betting sites. Let's say that you make £1,000/month profit with matched betting. That's right away ££1,000/month away from the betting sites.
If we get 10 people to make this, we get £12,000/month away from the betting sites. Eventually, their profit will become smaller and they are pushed to the corner.
Therefore, matched betting is actually a good way to make money if you don't like online casinos or betting sites like me.
Best Matched Betting Websites in 2018
I think the easiest way to get started with Matched Betting is just following a step-by-step training where somebody shows you what to do. There are several websites and services that have a training for matched betting and show you potential bets any time.
Next I am going to present you a few great matched betting sites. All of them are good and legitimate websites. My #1 recommendation is OddsMonkey but of course some people may prefer Profit Squirrel or other websites.
As I have mentioned already a few times in this article, the biggest and the most famous matched betting website is called OddsMonkey. Thousands of people have already used their site for making a nice income online with matched betting.
OddsMonkey has probably the most comprehensive set of tools in the whole industry. They provide:
- +100 training tutorials
- OddsMatcher tool
- Dutch Matcher
- Daily Offer Calendar
- Much more!
OddsMonkey members have also reported a bit bigger earnings than the users of other competitors based on my researches. That's probably because OddsMonkey makes it easier to make money with matched betting. They have so many tools that will help you.
Actually, some websites use the software that OddsMonkey has created. I was in touch with the OddsMonkey support and they said that, for example, Profit Squirrel is leasing their OddsMatcher tool.
Let me explain you more about Profit Squirrel next.
Profit Squirrel Review
Profit Squirrel was the first matched betting step-by-step training/resource that I heard of.
I saw my British friend recommending it on his website and he showed his income proof how this site had helped him to make money online.
I know that he is a trusted guy so I decided to sign up on Profit Squirrel as well. I quickly realized that Profit Squirrel teaches you a guaranteed way to make money with matched betting.
They are using a similar OddsMatcher tool like OddsMonkey so it's guaranteed to work. With Profit Squirrel you can make your first profit even in 20 minutes.
They have tons of step-by-step tutorials showing you the most profitable betting opportunities. Most of them are only 5 minutes long so they are easy for you to consume and make profits.
Other Matched Betting Sites
I will add new matched betting sites and provide you more tips in the future. Therefore, you can visit my website YourOnlineRevenue.com in the future or you can (recommended option) give your email below to subscribe to my newsletter.
I send regularly more tips and resources for my subscribers on making money online. My full-time job is to provide you and other people the best ways to make money online. I have also hired other people to help you in the best way in this task.
Conclusion - Is Matched Betting Worth It?
The answer to this question depends on what kind of goals do you have. If your goal is to earn an extra £500/month, then matched betting is completely worth it.
I know that many people are satisfied with earning an extra £500-900/month. That's why OddsMonkey is recommended by 97% of their users. Tools like OddsMonkey make it much easier for you to make money with matched betting. I know that some people try to make money with matched betting themselves without using any tools but it can be extremely time-consuming.
On the other hand, if your goal is to make +£10,000/month, matched betting isn't probably worth it. Then you should start following this step-by-step training.
I know a British guy called Dom Wells who started affiliate marketing online without any former experience with the help of Wealthy Affiliate training. Nowadays after 5-6 years he is running a 7-figure online business. Many things have happened over the years.
The bottom line is that he couldn't have achieved such results with matched betting. Of course, some people don't even want to build a 7-figure online business. For them just an extra £500/month is fine. For them matched betting is completely okay.
Have you already started making money with matched betting?
Which are your favorite tools/sites for matched betting?
Have you used OddsMonkey or Profit Squirrel?
Let me know in the comments below!
Also, if you have any questions, don't hesitate to ask me below and I will be more than happy to help you out.