Let mt answer your question straight away. Is matched betting legit? YES!
If you aren’t sure what matched betting is then you can read about that here, if you have heard of it but aren’t sure whether it is a scam or worth the hassle, then read on.
I have personally made in excess of £25,000 over 2 years of matched betting. Matched betting is a real way to make money if you put in the time and effort to learn how to do it.
Anyone can learn it and anyone over the age of 18 can get involved. It isn’t as complicated as it appears and once you get the basics you can start to earn quite a bit of money every month.
If you are interested I highly recommend trying out a matched betting service like Oddsmonkey. It will teach you everything you need to know and walk you through it step by step. It really is excellent and you can get a free trial here.
So if it’s so good, why isn’t everyone doing it? Well it is rapidly becoming more and more popular and over the last 2 years it has exploded onto the mainstream. However there are reasons that people don’t get involved. I myself used some of the following excuses to not do it as I was scared it was a scam. Finally when I dived in, I regretted not having done it sooner.
It Sounds too good to be true…
People immediate think that anything that sounds this good is a scam. This is one of those times that it isn’t. You can’t lose money, it isn’t gambling and you are in full control at all times. You are simply placing bets at bookies and exchanges. Try the completely free trial at Oddsmonkey and learn how to make £45 profit.
It’s too complicated…
No! It really isn’t. I thought this too and I couldn’t have been more wrong. Once you start reading the tutorials and watching the video guides on Oddsmonkey you will be blown away how simple it is. Even if you have never placed a bet in your life you can do this.
There are some complicated offers as you get further into it but by the time you come to these you will understand them but you can always leave these and stick to the simple offers and still make plenty of money.
It takes too much time…
Again, not true. The more time you invest the more money you will make but you can still make £400 a month by investing 30-45 minutes a day. Probably less once you get used to the process and don’t have to refer to the guides. Once you get into it though you will want to spend more time doing it. If you want to make £1000 a month, which is more than achievable by the way, you will need to invest 1-2 hours a day.
I don’t know where to start…
Simple answer : Oddsmonkey. Sign up for the free trial and then upgrade to a premium account if you want to keep making money every single day.
I’m scared I will lose money…
Matched betting is completely risk free. Your cash is never at risk. Your money will get tied up when you place bets but it is never at risk of being lost. You cannot lose money doing this and it is not in any way shape or form gambling. You will only make money doing this.
Is it illegal?
No. It’s completely legal and has featured in many national newspapers and has also been mentioned by Martin Lewis on television. It’s not against the rules of the bookies either.
Here is a newspaper article from the Telegraph: http://www.telegraph.co.uk/finance/personalfinance/money-saving-tips/8185280/Is-this-a-bet-you-cant-lose.html
I have no money to get started…
You do need a small amount to get started but it’s really not much. You can start with as little as £60, even less if you want but this is the amount I would start with if you want to make the most of the first few offers.
I don’t know anything about sports or betting…
You don’t need to. Seriously. You don not need to understand betting and you don’t need to have any interest at all in sports. The results of the sporting events are irrelevant to matched bettors. We make money no matter the results. If you have never placed a bet before then sign up to Oddsmonkey and they will walk you through the entire process. It is really easy.
Does this affect my credit rating?
As far as I know it does not. It certainly never affected mine and I applied and successfully got a mortgage long after I started matched betting. However everyone’s financial situation is different so it may affect people differently. If you are planning on applying for a mortgage soon then you may want to get advice from your mortgage broker or simply wait until it is all sorted out.
Will it last…
No one knows that for sure but even if it doesn’t you can get involved now and start making £1000 per month. Online bookmakers are in high competition with each other and because of that they need to offer betting offers to keep people betting with them as opposed to going to their competitors. Because of this it is unlikely that matched betting is going anywhere any time soon.
This is a great hobby and a fantastic way to make money at home or even around a full time job like I do. You can invest as much or as little time in it as you like. If you want to learn to do it or want to get the most out of it then I highly recommend the matched betting service Oddsmonkey. They have great staff to support you all the way through the process.