Happy New Year to you all! I’ve had a bit of a break – both from the blog and from matched betting. It’s left me refreshed and ready to tell you as much as possible about this great thing called matched betting once again. I’m back with an update to my regular diary series.
Towards the end of last year I started my regular series of posts about how much money I’m making from matched betting. As I took most of December off, I’m a little bit behind. But, better late than never, here’s my update showing profits for November 2016.
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, my aim is to try and make as close to £500 per month as regularly as possible.
MATCHED BETTING EARNINGS
November 2016 – £458.95
- The total amount I made matched betting in November 2016 was £458.95.
When I started matched betting my aim was to make roughly £500 per month. I’ve beaten this every month until now. But I’m still very happy with what I’ve been able to make.
It is tougher to earn money when completing the reload offers alone (these are the ongoing bookmaker offers) so I do expect my earnings to dip a little from now on. That said, there tend to be more offers when there are major sporting events which is likely to boost my earnings some months. So I still think £500 per month is achievable, surpassing it some months but falling under it in others.
My earnings were also impacted by a shift in my 15-month-old son’s sleeping pattern. Many people have asked me how I fit in matched betting around the children. I’ll be honest, it’s tough. But given my son was still sleeping 3 hours per day, shared between a morning and lunchtime nap, I’ve been considerably lucky. This gave me dedicated time to check out the daily offers listed by Profit Accumulator and place some bets.
But it was time to drop the morning nap. So, with my time effectively halved, I’m lucky to squeeze in an odd hour or so for matched betting these days. Initially, I was frustrated having my earnings potential limited by a lack of time. But now that we’ve adjusted, I’m really enjoying throwing myself into the baby and toddler things with Olly. We shan’t be having any more children so I want to make the most of the next couple of years with him. The fact that I can do this whilst continuing to make decent money in an odd hour or two I have free a few times a week is amazing!
Matched Betting Earnings To Date – £4257.35
So, in the six months I’ve now been doing matched betting I have made an impressive £4257.35. 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? Here’s a breakdown of the different types of offers I got involved in through November:
BET X, AND GET A FREE BET: £209.65
- These are the bread and butter matched betting offers where you bet a certain amount and get a free bet.
CASINO OFFERS: -£20.88
- As highlighted in my introductory guide, casino offers are not risk free. And as you can tell from my negative winnings, I proved that this month! This has put me off completing riskier offers and I certainly won’t be risking more than £10 on these just yet. But don’t be put off. On the whole, I’ve still made a few hundred pounds on these offers so they are definitely worth attempting.
HORSE RACING REFUNDS: £58.57
- This is less than the previous month but I only attempted a few and was successful in every one. These are definitely worth starting if you want to top up your matched betting income.
ACCUMULATOR REFUNDS: £69.45
- These are offers where you get a free bet if one leg of an accumulator – where you bet on a few different results – loses. This is an increase in last month’s earnings but, for the effort involved in keeping track of accumulator bets, I’d like to have made a little more money from these. If you’re a little confused by these types of offers, I’ll be completing an introductory guide to accumulator bets soon.
PRICE BOOSTS: £131.78
- 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.
- These are bets you can place to guarantee a return from an otherwise risky offer. By risky, I mean that you risk a qualifying loss on the chance that a certain result might give you a free bet. For example, you might get a free bet if the result is 0-0. So you place a bet on the match hoping for this result.
- It is possible to lock in the profit on some of these offers, meaning you can guarantee a profit whatever the outcome. Your earnings will be less than you would have received if the free bet comes in. But if there is only a small chance of that occurring, this is a surefire way of ensuring you still make money. It is complicated working out when a lock in is available and how much to bet. So this is another example of where I rely on Profit Accumulator’s forum for advice. I rarely place these types of bets but they are handy for extra money on occasion.
MUG BETS: -£22.12
- I increased the number of mug bets I made this month. As I am now reliant on reload offers I am looking to place more more mug bets so this will increase further from now.
Mistakes Which Cost Me Money
Once again I made a few mistakes this month. Mistakes are common although I am now getting better at managing these. I’d recommend you read my post about how to avoid making mistakes when matched betting.
Firstly, I accepted a reload offer sent to me via email without first checking the Profit Accumulator forum for advice. I read the terms and conditions attached to the offer and knew there was a high amount of wagering involved should my bets win at the bookmakers. But I decided to take the risk. However, as both my bets won at the bookmakers at high odds, this meant I was bound to lose money completing the lengthy rollover requirements. So I decided to cut my losses, which resulted in me losing around £30.
Had I consulted the forum, I would have seen there was some discussion of this offer. Some people, like me, were willing to give it a go. However, the official advice was that this was a very risky offer. If I’d read this, I probably wouldn’t have attempted the offer. The moral of this story is to always check the Profit Accumulator forum if you’re ever unsure of anything.
I also lost out on a very profitable offer by placing a lay bet on a different outcome to that which I had backed. This is quite a common and I realised my mistake immediately. However, by the time I got round to correcting this a little later in the game the odds had changed quite considerably. This meant the £40 I was due to make from this offer was cancelled out correcting the mistake. So, although I didn’t lose any money, I didn’t make any either!
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 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 to see if matched betting is for you.