This post may contain affiliate links, which means if you click through to a website from a link found here on my blog and register or purchase something, I may get a commission at no extra cost to you.
I’ve been matched betting on and off for a couple of years now.
I first came across it back in 2018 when I was scouring the internet looking for a get rich quick scheme – or, at least, a way to make some extra cash fast, whilst trying to save for a house deposit and fund my travels.
It wasn’t long until I discovered matching betting – and I haven’t looked back since!
Matched betting has helped me side hustle my way to 26 countries (and counting!), pay off my credit card debt quicker than if I had to rely on my 9-5 salary alone, and invest in my Amazon private label business.
It’s a side hustle that can be done from home, is completely tax-free, and can work around your other commitments – which for me, is Funding Her Freedom, my Amazon business, and binge watching Real Housewives…
So, what is matched betting?
First up, it’s a totally legal way to make a little extra tax-free cash each week.
Almost every gambling website uses offers and promotions for both new and existing customers. We use these promotions by betting on both outcomes using a bookmaker (e.g. Coral, Paddy Power), and a betting exchange (think Betfair or Smarkets, for example) – so we always win, because they cancel each other out.
We then qualify for a free bet – which is where we make the money.
I know it sounds complicated – especially for those who may never have placed bets before – but the best thing about matched betting is that there are companies out there whose sole purpose is to hold your hand throughout every single offer and promotion, telling you exactly what to do (and when), so that you don’t lose a penny.
I personally swear by Profit Accumulator, who provide guidance through each offer to maximise profits and minimise risk. They also have an incredibly active forum so that if you have any urgent questions or really just want to double check anything, you’re bound to find an immediate answer.
I’ve used them for every single one of my offers, and haven’t had any issues yet – providing you follow their exact steps for each promotion, you really can’t go wrong.
I’d always recommend signing up to their free trial before committing to the long-term, which typically will see you make £40 in tax-free cash. You can then either reinvest this into more matched betting offers, or walk away with the cash, if it’s just not a side hustle for you.
Clicking the banner below will take you straight to your free trial sign-up page.
Disclaimer: I’m a Profit Accumulator affiliate, meaning if you sign up to their software, I’ll receive a small commission. However, my thoughts are completely unbiased, and I’d never recommend a product or company I don’t use regularly myself.
Why I recommend matched betting to anyone who will listen
2020 was a strange and testing year for us all. There were many challenges and lessons for us all to overcome and learn from – including realising we can no longer rely on one source of income!
Instead, it’s become increasingly clear that we need to have a couple of streams to ensure that, if we are made redundant, or job uncertainty is on the horizon, we are protected.
Matched betting is a perfect side hustle to start in that it’s legal, tax-free, software exists to take you through every single step, and your income potential per hour is considerably more than other positions.
Oh, and you can do it in your PJs from your sofa. Now that’s my kind of side hustle!
How much did I make from matched betting in 2020?
It had actually been about nine months since I last did any matched betting, before I started up again in April – which is when I, like many across the UK, found myself furloughed from work.
With all this extra time on my hands, I figured now was as good a time as any to get stuck back in – and I haven’t looked back since.
You’ll notice that my below figures are quite sporadic and vary greatly from month to month, but on the side of my 9-5, I also juggle this blog, my Amazon FBA private label business, and other smaller side hustles (think surveys, mystery shopping and eBay), hence why I’m not always able to dedicate a lot of time to matched betting.
I started the year leaving my old job, which included many a handover along with prepping myself for the life change, so no matched betting took place this month.
Started a new job which required a commute of up to two hours each way, every day. No side hustle work got done this month as I adapted to my new way of life!
Still nada, still adapting. Oh, and a lockdown was thrown into the mix (but no more commuting!)
Found myself furloughed for three weeks, which is when I thought I’d get back to matched betting. I only spent a couple of hours on this, as it was during the heatwave, and I had a tan to work on in the garden.
Back to work full time, and extremely busy! I only placed three bets in May, but was still able to make £22 from collectively about an hour’s work.
Royal Ascot always brings with it big bookie promotions (I’ve heard of people who take the week of Royal Ascot and the Cheltenham Festival off from their 9-5 so they can maximise their profits). The Premier League also returned, so this was a great month for matched betting!
Another great month for matched betting, with bookmakers’ still riding high on the return of the Premier League
This month I was admittedly a little slack in terms of recording profits (hence the ‘ish’). Still, give or take a fiver, this was a great return – especially as I had a few days off work so could concentrate a little more time on it.
Funding Her Freedom’s first full month of existence meant I spent considerably less time matched betting – which shows in the total.
My first Amazon FBA private label product arrived, which meant I was investing more time on that business as opposed to matched betting.
Being put back on flexi-furlough (and therefore working part time hours) meant I had more time for matched betting, alongside my other side hustles.
After a busy end to the year, what with the blog, the Amazon business, my 9-5, getting everything prepared for Christmas and my other smaller side hustles, I wanted to slow things down throughout December – as reflected in my total.
My total matched betting income for 2020: £1,734.68
£1,734.68 outside of my 9-5.
Completely. Tax. Free.
Across the year, I’ve put in minimal amounts of time, from the comfort of my own sofa – and with figures like that, it’s something I’ll be continuing well into 2021 as I look to fund the growth of my Amazon private label business.
If you’re looking for ways to make a little extra money in 2021, why not give Profit Accumulator’s free trial a shot this weekend and see how you get on? You should make in the region of £40 – at which point you can walk away with your winnings, or reinvest and watch your funds grow.
For more ideas on side hustles you might want to start in 2021, download my free eBook below, or search ‘Year of the Side Hustle’ on the blog.
Here’s to multiple streams of income!