No risk matched betting is one of the most guaranteed way to earn extra cash in the UK. However, there are some important things to know before dipping your toes into it.
When I was looking for ways to earn some extra cash on the side, matched betting consistently showed up as one of the most promising ways in the UK. So many busy mums are making good money just by doing a few hours online here and there matched betting.
As more and more people are discovering this little known profitable secret, matched betting was featured multiple times by major publishers like Telegraph.
I have never heard no risk matched betting before, but if it helps me to earn some extra cash online legitimately and risk free, I am willing to give a shot.
Excited and sceptical at the same time, once I was assured that Matched Betting UK is a completely legitimate and legal (more on this later), I signed up on a Free Trial (No credit card required) and gave this no risk matched betting a try.
I made over £1000 in the first 3 months with no prior knowledge of betting or sports. Once I got a hang of it, I got much quicker. I continued to make over £5000 over the next few months.
In this post, you will learn how I made over £5000 from matched betting. If you are like me who has no prior knowledge on betting or sports, this ultimate matched betting starter guide is perfect for you!
Disclosure: Some of the links in the article contains affiliate links, which means that if you make a purchase through one of the links, I will receive a small commission at no extra cost to you.
What is No Risk Matched Betting?
No Risk Matched betting is a way to make guaranteed profits by taking advantage of free bet offers or sign-up bonus offered by betting companies.
Almost all of the betting companies run this kind of promotions to attract new customers. You may have seen something like this.
It is risk free because you make a guaranteed net profit when complete an offer. More on this later.
Is Matched Betting Legal?
Matched betting is not gambling. It is absolutely legal and a legitimate way to generate income for people who are residents in the UK and Ireland and over age of 18.
The best part is, because the profit is classed as gambling winnings, the profit you make is tax-free. This means you don’t have to file any annual tax self-assessment. What you make is what you keep! If you want to read more about it, here’s the link to HMRC official site.
Is Matched Betting A Scam?
Absolutely not, as I have proved by making my first £1000 in 3 months, so did hundreds of thousands who are using it as a way of making extra income at a monthly basis.
All the major websites like The Telegraph, The Guardian, The Sun, Daily Mail, MoneySavingExpert all have sections to cover matched betting.
How Does No Risk Matched Betting Work?
One of the most effective ways for bookies to attract business is by offering Free bets and bonuses when signing up. Profits can be made by taking advantages of free bets and bonuses.
Let’s take the offer from Coral above as an example.
They offer a £30 Free bet when your register and bet £10 as a new customer.
Before you start the offer, you also need an Exchange account with a small amount deposit into it. The Exchange account is used to bet against the bookie, in this case – Coral.
- So first you open an account with Coral
- Then you need to make two £10 bets on the same game to cover all possible outcomes. Let’s say you pick a football game between England and Kosovo.
- You first make a £10 bet for England to win on Coral.
- Then you place another bet on England not to win (which includes both to lose and to draw) on your exchange account.
- Whatever the outcome of the game, it doesn’t really matter because you have bet on all possible outcomes. This also means that you didn’t win or lose any money form this game, but what you did gain is to qualify for the £30 free bet with Coral.
- You then use the £30 free bet to make a profit.
A reputable matched betting site like Profit Accumulator, provides all step-by-step instructions and calculations for you.
All you need to do is to follow steps, you are guaranteed to make a profit.
How Much Can You Make with No Risk Matched Betting?
I made my first £1000 in 3 months by doing a few hours in the evening and weekends. Here are my 3 months earning break down:
- July: £ 575.98
- Aug: £ 258.21 (on holiday)
- Sept: £ 200.67 (kids starting school)
- 3 months Total: £ 1,034.86
I guess there is potential to make more… Because August and Sept are during the kids school holiday which means I had much less time. My profit clearly took a hit on that in comparison to July.
Although I’m pretty happy with the extra £1000 I made, this is on the low side of the scale.
People on average make between £300-£1000 per month.
The more time you put in, the more you make. Most people do this as a side hustle, but there are also people who do this full time.
Don’t get me wrong, matched betting won’t make you rich. If you are searching for ways to make passive income with bigger earning potential, THIS is a better option. But if you are just looking for ways to earn extra cash fast to boost your main income stream, either for a special holiday, or paying for a house renovation etc. then matched betting is a guaranteed option.
Do You Need Any Knowledge About Sports and Betting?
Nope – I have proven that.
I have never made a single bet in my life before I started match betting. My knowledge of sports is pretty thin too. So the combination of the two couldn’t be farther from my comfort zone.
After doing some research on how other people like me who know nothing about sports matched betting made a healthy profit, I was ready to roll my sleeves up and give it a whirl.
To get you a jump start on the risk free matched betting, here are 20 must know matched betting terminologies for beginners.
However, you do need to be able to follow instructions and a good spreadsheet to keep track of all your accounts will be very helpful.
How Long Does Matched Betting Take?
This is entirely up to you.
I spent on average 30-60 minutes every day on my spare time completing offers. The more offers you complete, the more profit you make.
When I was learning at the beginning, it took me about 30min. to complete an offer to make a profit of £10, which translate to a £20/hr, tax-free.
As I got quicker, I managed to half my time to complete an offer, which increased my hourly earning to £40-45/hr, tax-free, which is pretty good.
How Did I Make My First £1000 in 3 Months?
There are thousands of offers out there that can be pretty confusing. Each offer may require a different strategy in order to ensure no money is lost.
A reputable risk free matched betting tool takes any guess work out and making it perfect for complete beginners.
With a 4.8 out of 5 star rating by Trustpilot, Profit Accumulator is hands down the most well-respected matched betting tool out on the market.
It provides a step-by-step guide for every available offer. Most of the offers have video tutorials, which was most beneficial to me at the beginning.
The oddsmatching calculator even finds the games that I need to bet on, tells me exactly how much I need to bet and how much I can make.
There is no guessing or gambling involved. If you can follow instructions (which I wasn’t the best at), you can make a profit here.
The best part is, I signed up for a free trial and made over £45 from the first two offers! From there, I was hooked. I opted in for the platinum membership, which is £150/year. Monthly payment is also available at £17.99/month, if you prefer. As you can see from my profit breakdown, I’ve made my £150 investment back in just over 1 week.
Once you join as a member, you can take advantage of the members’ forum. Any questions you have, you can either find answers from the previous history or ask the online support. I usually get my answers back within less than 2 minutes, sometimes instantly.
You can find my thorough review on Profit Accumulator HERE.
What Else Do You Need To Know Before You Start?
- A bank account with some money set aside to cover the bets for each game. I started with £50 for the first a few bets, because I was sceptical. Once the game finishes, you will get the money back because you don’t really lose money, remember? All sites prefer a debit card account, which is what I used to be simpler, but some sites accept PayPal or other forms of payments. Just ensure to read when you sign up with each site.
- Verification documents (proof of ID, and address) – Some sites require this information either when registering. This protects both you and the bookies against under-age gambling. I took a picture of my driver’s license and a recent 3 month’s bank statement on the phone. When the bookie requests this information via email, I already have them ready to go.
That’s it, you are all set!
Where To Start with No Risk Matched Betting?
Ready to give no risk matched betting a try?