Every month I provide a breakdown of the amount of money I’ve made matched betting. The purpose is to show how easy it is to make this extra cash. I’ve now been matched betting for 10 months. When I started out, my initial aim was to make about £500 per month from matched betting. Looking after two young children full-time means I don’t have much spare time. So I did wonder whether it was feasible to make this amount of money in the odd hour or so I can spare each day.
I’ve fallen short of this target only once. And the amount of money I’ve made in other months has more than made up for this! I rely heavily on using a matched betting service called Profit Accumulator to help me make this money. They tell me which offers are available and how much to bet in order to make the most amount of money. This saves me so much time!
I rely heavily on using a matched betting service called Profit Accumulator
The latest update to my diary covers the month of April 2017. I’ll summarise it as my lucky month. With the Easter holidays in full swing for the first couple of weeks, we had lots of trips out and time away planned. So I didn’t really do any matched betting. I made an exception during the Grand National, as I wanted to try out a new matched betting method. I was very lucky that this made me more than £300 that day alone! Combined with a reasonably big casino win, this meant I could relax and have a break for the rest of the month.
My earnings were therefore largely down to luck this month. This is very rare for me, though, and I’m confident that if I had been taking advantage of all the offers available then I could have easily made more than £1000 this month.
MATCHED BETTING EARNINGS
aPRIL 2017 – £748.43
- The total amount I made matched betting in March 2017 was £748.43.
MATCHED BETTING EARNINGS TO DATE – £6716.03
So, in the ten months I’ve now been doing matched betting I have made £6716.03. This beats my £6000 annual target two months early! If you want to learn more about how and when I made this money take a look at my previous earnings reports:
WHICH MATCHED BETTING OFFERS DID I COMPLETE?
So how did I make that money? My experience shows that it’s possible to keep making money from matched betting long after completing all of the initial sign up offers. My guide to reload offers sets out the main type of offers that are available. Most of the money I make comes from checking the offers listed on Profit Accumulator’s website every day.
Here’s a breakdown of the different types of offers I got involved in this month:
BET X, AND GET A FREE BET: £163.21
- These are the standard matched betting offers where you bet a certain amount and get a free bet.
- This is lower than normal simply because I didn’t get involved in as many offers as I normally would this month.
CASINO OFFERS: £133.45
- If you’ve not yet completed any casino offers, my introductory guide is worth a read.
- Not all casino offers are risk-free. I tend to tackle the riskier offers when I’m confident of making my £500 monthly matched betting target. And I’ll only ever tend to risk a maximum of £25 at any time.
- It’s helpful that Profit Accumulator crunch the numbers and offer advice about the amount of money you are likely to make and how to approach the offers.
- I got lucky this month, making more than £100 on a low-risk slot offer sent to me via email. It was an offer which offered me a refund up to £10 on any losses. Working my way through this, I got lucky and hit a large win.
- You shouldn’t rely on casino offers for making money. However, I use them to top up my earnings and am prepared to get involved in the riskier offers if I’m having a good month. As my previous diary entries will show, I have on occasions ended up down as a result of participating in these offers.
- My advice is to think carefully about the amount of money you are prepared to risk and have a go. But always follow Profit Accumulator’s advice and never ever be tempted to try and win back any money you lose by having another go!
PRICE BOOSTS: £57.63
- I like completing price boosts because they are a quick way to make money instantly. The amount of money you can make from enhanced prices can seem very small (only a few pounds at a time, if you are lucky). But as it’s so quick to place the bets this is a very efficient way of making money. And the amount of money you can make adds up very quickly.
FOOTBALL REFUND OFFERS: £75.01
- There are lots of different offers linked to the outcomes of different football games. This includes: when the team you back scores a goal; hitting the crossbar; and losing your bet in the last few minutes of a game.
- There have been two very profitable offers recently where you can get extra earnings if your bet wins and there are more than 4 goals in the game, or where the team you back goes ahead by more than 2 goals.
- To maximise the amount of money you can make from these offers, you need a large amount of money in your bank to place high value back and lay bets. I’ve been weary of doing this as my normal betting stakes are quite low. I don’t want to stand out to the bookmakers, who could then limit my accounts very quickly. However, I have been gradually upping my stakes to take advantage of these offers.
HORSE REFUND OFFERS: £3.09
- These are offers where you can get a free bet depending on the outcome of the race and the place where your horse finishes.
- These are riskier offers in that there is no guarantee of a free bet, so you will suffer some qualifying losses.
- Although I didn’t get any refunds this month, I limited my losses by using a technique called underlaying. This meant I bet less than I should have on the exchange. If the horse had won and I received a refund, then I would have made less from the free bet, but this limited my inital outlay. Underlaying is an advanced technique and I would recommend following the advice given by Profit Accumulator before trying this.
EACH-WAY OFFERS: £335.72
- This was a new type of offer I got involved in this month to try and make money from the Grand National.
- Regular readers will know I normally have a flutter on the Grand National. We normally spend around £50 in total. This year, we decided to use that money as part of my matched betting pot for the day.
- Normally, when you place an each-way bet you are betting on your horse finishing in the top 3. Occasionally, bookmakers will also pay out on an extra place, so the top 4 places instead of the top 3. You can make money from these offers if your horse finishes in that 4th place because the betting exchanges will only cover the first 3 places. Therefore, if the horse finishes in 4th, your bet will win at both the bookmakers and the betting exchange.
- I’d been keen to try out this type of offer for a while. But normally there are large qualifying losses, so it’s not worth taking part. As it’s such a prestigious event, the Grand National is an exception.
- I planned to try and cover all of the horses running in the race to ensure I would make money. With a field of 40 horses, this was quite a task and involved me glued to the computer screen for much of the day. In the end, I didn’t cover 3 horses and I preyed that none of them would finish in that extra place. This was a gamble and would have involved me losing around £50. As highlighted above, though, I had planned for this by using the money I would have otherwise bet on the race. Still, after a day’s work, I felt sick as the race started because I didn’t want all that hard work to go to waste.
- Luckily, an outsider horse finished in that extra place, making me £335 instantly.
- It was great to make this money. On reflection, though, I wouldn’t recommend my approach and I won’t be repeating this again. Instead, I would rather minimise my initial qualifying losses and take the chance on the odd one or two horses I select finishing in that extra place.
- Although matched betting is risk-free, I have highlighted before that it is easy to make mistakes.
- Recently, I’ve avoided any mistakes. But, this month, I made a minor error forgetting to lay the second part of an accumulator price boost. This meant I was £20 down instead of an extra few pounds up.
- I kicked myself and am getting better at using my phone to set reminders to place different bets.
- This post should help you understand the most common types of mistakes you are likely to make and how to avoid them!
IS MATCHED BETTING FOR YOU?
If reading my diaries has inspired you to start matched betting, read my guide explaining what matched betting is.
Then I’d recommend signing up for a free trial at Profit Accumulator. They walk you through the matched betting process step by step. With only a few hours spare each week to do matched betting, I find the service Profit Accumulator offers invaluable. They tell me which offers to complete and help me find the bets. This saves me hours searching for offers alone. Instead, my time is focused on making money! Read more about the service Profit Accumulator offers in my full review.
Profit Accumulator’s free trial allows you to make £35-£40 simply by trying a couple of the different introductory offers available. It’s the perfect way to see if matched betting is for you.