No Risk Matched Betting Guide UK (for Complete Beginners)

No Risk Matched Betting Guide UK (for Complete Beginners)

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.

The result? 

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?

Coral example - no risk matched betting guide

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. 

  1. So first you open an account with Coral
  2. 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. 
  3. 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. 

Profit Accumulator

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?

  1. 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.
  2. 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?

Below is the deal that I used to make my first £45 for free. You can too! 

No Risk Matched Betting Guide UK [Pin it for later…]

No Risk Matched Betting guide

This Post Has 12 Comments

  1. Stephanie

    So sad to see that it only applies to UK reaidents. Though, it’s really good to get insiders and obtain more knowledge on things that we are not part of our every day research. As I’ve seen, it worked out for you, but it’s it a reliable, quit-your-job stable income?

    1. Chloe

      Hi Stephanie, 

      Thanks for leaving the comments even though it may not apply directly to you. I believe you can do matched betting in the US as well, but it’s fairly new and the law varies from state to state. It might be worth to do some research. 

      Is this type of of quit-your-job type of income, I think the decision is up to individual. I know some have, but I am only use this as a way to boost my main income stream. The more time you put in, the more money can be made. 

      All the best,

      Chloe 

  2. Ryan

    Great blog post about matching betting. I had no idea something like this existed! I’m definitely going to share this information with my friends. That’s great they offer $10 cash for signing up. You have explained things very well here and I’m excited to know that this business is legitimate. Thanks for doing all the work and checking to make sure this is legal.

    Thanks again!

    – Ryan

    1. Chloe

      Thanks for stopping by Ryan. 

      I’ve never heard about this, until I was searching for making money online fast (in the UK), and it works! It almost sounds too good to be true, but since it’s legal and tax free. I gave a shot and yep, it works! 

      Chloe 

  3. Rodarrick

    Seeing that betting could actually be riskfree is actually amazing and the same time very aesome to see here. I really like the fact that I can just get involved with it immediately and have the potential to make money without having to go through the pains of searching for games by myself. This is really cool to know. Thank you so much for this. I will check them all out

    1. Chloe

      I know right? I was skeptical whenever there’s a bet involved, but after doing this for a few weeks, I got more confidence in the way how it works. The fact that I could make my investment back in a short period of time, the rest if free money up for grabs! Just want to spread the word out =) 

  4. Alicia

    Oh, how I wish I stayed in the UK. This sounds like a perfect way to make money, and it is tax free! Wow! I have never heard of matched betting and I’m not the gambling type, but I’m intrigued! What is the possibility for this opportunity to be available in other countries? 

    1. Chloe

      Hi Alicia, 

      Thanks for stopping by and leave comments even though this article is most towards UK and Ireland residents. I believe you can matched betting in the US as well. It very new and the law varies from state to state. It might be worth look into it. 

      All the best, 

      Chloe

  5. Donny

    Wow congratulations on making your 1000£ i was just about to try it out when you then mentioned it is only for those in Ireland and those in UK I felt real disappointed. Anyways it is good to know that there are still some ways to make some real quick money online put there, this is really one of the few chances you can get to do that, it is rare to find a legit quick money schemes. I hope one day this will also be available in other countries so I can try it out.

    1. Chloe

      I’m sorry Donny that my experience is only for the UK and Ireland, but thanks for still stopping by and leave a kind comment. I believe there’s a way to do matched betting in the US (if that’s where you live?). It’s very new, and law varies from state to state, so potentially good opportunity to make profit, if you do some research on it? 

      All the best,

      Chloe

  6. Tammy

    Interesting concept of making a little money on the side.  Makes perfect sense I guess if you bet on both choices you have to win one.  Then the bonus becomes your profit.   
    I live in the US across the pond.   I don’t think I am familiar with any such market here.   

    Thanks for the informative article.   

    1. Chloe

      Hi Tammy, 

      Thanks for stopping by. I believe you can matched betting in the US as well, but it’s fairly new. If you are interested, I recommend you to do your research to find out. 

      All the best,

      Chloe 

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