Last month I started my regular series of posts about how much money I’m making from matched betting. The last month has flown by and I can’t quite believe it’s time for another update.
The reason for me posting these updates is to show just how much it’s possible to make matched betting. There are lots of people with more time and flexibility making more than me. But as a busy mum with little spare time, I’m happy with regularly achieving anything between £500 and £1000 a month.
- The total amount I made matched betting in October was £691.01.
Seeing as my monthly goal was £500 when I started out I should be very happy with this. It’s the second month of me working my way through reload offers alone. These are the ongoing offers from bookmakers to entice you to keep betting with them. There aren’t quite as many juicy and easy offers to take advantage of, so I was expecting it to be harder to make money. In reality, it wasn’t! Matched betting also took a bit of a back seat as it was half term this month and I’ve been getting more and more involved in this blog. It left an hour or so at most when I did get a chance to check out Profit Accumulator and get some offers completed.
But I am also slightly disappointed with myself. I made a couple of schoolgirl errors one day which cost me £100, wiping out the money I’d made in the past couple of days. I was a little bit gutted because I didn’t follow my own advice about the common mistakes you can make matched betting. But, mistakes can and will happen. You just need to learn from them and move on, otherwise you’ll go mad kicking yourself about them. And still, nearly £700 isn’t to be sniffed at!
what offers did you do?
So how did I make that money? Here’s a breakdown of the different types of offers I got involved in:
- BET X, AND GET A FREE BET: £291.75. These are the bread and butter offers where you bet a certain amount and get a free bet. There were lots of in-play offers available this month, where you bet on the event as it’s taking place. In return you get a free bet, often to be used on another live event. Also make sure you check your emails regularly, including your junk folder. I was sent a couple of very good invitation only offers from bookies I rarely use which helped with this month’s total.
- CASINO OFFERS: £139.34. This is the first month I’ve attempted some of the riskier casino offers. I’m still not prepared to risk more than £10 on these offers but, as you can see, they can be very profitable. If you’re a little bit unsure about attempting these my introductory guide will help you get started.
- HORSE RACING REFUNDS: £133.29. These are offers where you only get a free bet if your horse wins, is a runner up, or falls. I dabble in these occasionally when I think there might be a reasonable chance of me ‘winning’ a free bet.
- ACCUMULATOR REFUNDS: £24.73. These are offers where you get a free bet if one leg of an accumulator – where you bet on a few different results – loses. I made some silly mistakes with accumulator bets this month so I’m disappointed with this total. However, it’s taught me to be diligent in setting reminders when I need to place different lay bets.
- PRICE BOOSTS: £90.91. Price boosts are when bookmakers enhance their odds on certain events, pushing the odds higher than the lay odds available. This means you can make an instant profit simply by placing one bet. At first, I was reluctant to do these types of bets as the amounts you could make from them were often very small. However, they are so quick and easy. And obviously, those pounds really do add up!
- LOCK-INS: £9.97. These are offers where you can guarantee a profit by placing bets on certain eventualities occurring. As you can tell, I don’t often get involved in these types of offers. You can work these out for yourself with different calculators provided by Profit Accumulator. However, this is too much faff for me. Helpfully, the good people on the Profit Accumulator forum often share their findings which is when I would place these types of bets.
- BINGO OFFERS: £13.80. I love bingo so was more than a little bit disappointed by the automated online games when I tried these a while ago! However, I thought I should try a few more this month and am very happy to have made some money from them. Look out for a post from me about these when I get more experience.
- MUG BETS: -£12.78. These are the bets you place periodically to look like a ‘normal’ customer in the eyes of the bookmaker. This will always be deducted from your monthly total because you will make a small loss on each bet you place. As you can tell from the low amount I don’t place mug bets that often and I probably need to do more.
how much have you made since you started matched betting?
This is my 5th month of matched betting and the total to date now stands at an impressive £3798.40! You can see my previous earnings reports here.
how can i get involved?
It’s so easy for anyone to get involved in matched betting. As a first step, read my guide explaining what matched betting is to get your head around what you need to do. Then sign up for a free trial at Profit Accumulator. They will walk you through the matched betting process step by step. You can make £35-£40 simply by trying a couple of the different introductory offers available. It’s the perfect way of seeing if matched betting is for you.