Here is my take on Is Matched Betting Worth Doing in 2023? and what I honestly believe about this side hustle that most people can do. Plus, I will provide you links to the best places where you can start.
As we enter a new month, many people are wondering whether matched betting is still a viable way to make money online.
With the rise of new betting platforms and the increasing popularity of traditional sports betting, it’s easy to see why some may be hesitant to continue with matched betting.
However, we believe that matched betting is still a great option for those looking to earn some extra cash online.
In this article, we’ll explore what matched betting is, how it works, and why it’s still worth doing in 2023.
Matched betting is a form of online betting where you use bookmaker promotions to your advantage.
By placing bets on all possible outcomes of an event, you can guarantee yourself a profit, regardless of the result.
This is achieved by placing a ‘back’ bet with a bookmaker and a ‘lay’ bet with a betting exchange, such as Betfair.
The aim of matched betting is to qualify for a free bet or bonus, which you can then use to make a guaranteed profit.
How Does Matched Betting Work?
The process of matched betting involves placing two bets: a ‘back’ bet and a ‘lay’ bet. A back bet is placed with a bookmaker, while a lay bet is placed with a betting exchange.
By placing these two bets on opposing outcomes of an event, you are effectively covering all possible outcomes.
For example, let’s say that there is a football match between Manchester United and Liverpool.
You place a back bet of £10 on Manchester United to win with a bookmaker at odds of 2.0.
You then place a lay bet of £10 on Manchester United not to win (i.e. to either lose or draw) with a betting exchange at odds of 2.0.
If Manchester United wins, you will win £10 with the bookmaker, but lose £10 with the betting exchange.
If Manchester United doesn’t win (i.e. they lose or draw), you will lose £10 with the bookmaker, but win £10 with the betting exchange.
The aim of matched betting is to qualify for a free bet or bonus. This is typically achieved by placing a qualifying bet with a bookmaker, which then gives you a free bet or bonus to use.
You can then use this free bet or bonus to place another matched bet, and guarantee yourself a profit.
Why Is Matched Betting Still Worth Doing in 2023?
Despite the rise of new betting platforms and the increasing popularity of traditional sports betting, we believe that matched betting is still a great way to make money online. Here are some reasons why:
1. Low Risk
Matched betting is a low-risk way to make money online.
As you are covering all possible outcomes, you are guaranteed to make a profit, regardless of the result.
This means that you don’t need to worry about losing money on bets.
2. Tax-Free
Matched betting is also tax-free in the UK.
This is because gambling winnings are not considered taxable income.
This means that you get to keep 100% of your profits, without having to worry about paying taxes on them.
3. Easy to Get Started
Matched betting is easy to get started with.
There are plenty of online resources available that can help you learn the basics and get started with your first matched bet.
You don’t need any special skills or knowledge to get started, and you can start making money right away.
4. Consistent Profits
Matched betting is a consistent way to make money online.
Unlike traditional sports betting, where you can lose money on bets, matched betting guarantees you a profit.
This means that you can make a steady income from matched betting, without having to worry about fluctuations in your profits.
5. Ongoing Promotions
Bookmakers are always offering new promotions and bonuses to their customers.
This means that there are always new opportunities to make money through matched betting.
By staying up to date with the latest promotions, you can continue to make money from matched betting over the long term.
6. Flexibility
Matched betting is a flexible way to make money online.
You can do it in your spare time, from anywhere with an internet connection.
This means that you can fit it around your other commitments, whether that’s a full-time job, studying, or looking after children.
7. Sustainable Income
Matched betting offers a sustainable way to make money online.
Unlike other online money-making schemes, matched betting is not a get-rich-quick scheme. Instead, it offers a steady, sustainable income over the long term.
Best Places To Start Earning With Matched Betting
Here is a list of 3 of the best Matched Betting providers out here on the web that can help train you to become a matched betting warrior but for me, there is just one clear winner.
1. OddsMonkey
OddsMonkey is a matched betting service that offers a range of tools and resources to help users make consistent profits.
The website offers a comprehensive beginner’s guide to matched betting, a matched betting calculator, and a range of offers from bookmakers.
Users can also access a community forum to discuss strategies and tips with other matched bettors.
2. OutPlayed.com (THE BEST BY MILES)
Outplayed.com is a matched betting platform that was established in 2014 to assist users in utilizing the matched betting method to benefit from bookmaker offers.
Up to October 2022, it was known as Profit Accumulator.
The Outplayed website has materials and tools that make matched betting simple.
The subscription service also provides continuous assistance and counsel, which is very helpful for newcomers.
Will I recommend Outplayed.com?
Definitely, yes! Anyone interested in matched betting should check out Outplayed, in my opinion.
The programme is really user-friendly, and it’s a fantastic way to earn extra money.
A specialized service, such as Outplayed, is essential if you’re serious about profiting from matched betting. It has enabled me (and many others) to earn between £300 and £500 each month tax-free, and it can.
Link: https://outplayed.com/
3. MatchedBets
A matched betting service called MatchedBets.com gives consumers access to a number of bookmaker offers as well as a matched betting calculator and other tools and information.
The website also provides continuous help and guidance for more seasoned matched bettors, as well as a matched betting school for newcomers.
Least favorite of mine due to its slow servers and terrible customer service.
Extra Learning Resource For Matched Betting Lovers
If you want to learn about Matched Betting in depth and want to find some great information about this awesome side hustle then I suggest YOU click on button below,
Final Thoughts On Is Matched Betting Worth Doing In 2023?
In conclusion, Is Matched Betting Worth Doing in 2023? we think that 2023 will still be a good year to engage in matched betting. It provides a low-risk, flexible, and tax-free means of making money online.
Matched betting provides a steady income stream that you may do in your free time with continual incentives and a reliable approach to generating money.
Hence, matched betting is unquestionably something to think about if you’re seeking a strategy to earn some extra money online.
FAQs (Frequently Asked Questions)
Q: Is matched betting legal? A: Yes, matched betting is legal. It is a legitimate way to make money by taking advantage of bookmaker promotions.
Q: Do I need to have any prior knowledge of betting to do matched betting? A: No, you don’t need to have any prior knowledge of betting to do matched betting. The process is simple and can be learned quickly.
Q: Do I need to have a lot of money to start matched betting? A: No, you don’t need to have a lot of money to start matched betting. You can start with a small amount and gradually build up your bankroll as you become more experienced.
Q: Is there a risk involved in matched betting? A: Matched betting is a low-risk strategy. However, there is still a risk involved, as there is with any form of gambling. It is important to follow the matched betting process carefully and never bet more than you can afford to lose.
Q: Do I need to pay tax on my matched betting profits? A: No, you don’t need to pay tax on your matched betting profits. Matched betting is classified as gambling, which is tax-free in most countries.
Q: How much can I make from matched betting? A: The amount you can make from matched betting depends on a number of factors, such as the amount of time you spend on it and the amount of money you have to invest. However, many people make several hundred pounds per month from matched betting.
Q: How long does it take to learn matched betting? A: Matched betting is a relatively simple process that can be learned in a few hours. However, it is important to take the time to understand the process fully before starting to place bets.
Q: Are there any downsides to matched betting? A: Matched betting does require some time and effort, and it is not a guaranteed way to make money. There is also the risk of making mistakes, which can lead to losses. However, overall, the benefits of matched betting outweigh the downsides.
Q: Do I need to use a specific website or tool for matched betting? A: There are many websites and tools available that can help with matched betting, but you don’t necessarily need to use them. However, using a matched betting service or software can make the process easier and more efficient.
Q: How much can you make matched betting in 2023? A: The amount of money you can make from matched betting in 2023 will depend on a number of factors, such as the amount of time and money you are willing to invest, the number of bookmakers and promotions available, and your level of experience. However, many people are able to make several hundred pounds per month from matched betting.
Q: Can you make a living from matched betting? A: While it is possible to make a living from matched betting, it is not recommended as a full-time job. Matched betting is a low-risk strategy that can provide a steady source of additional income, but it is not a guaranteed way to make a living.
Q: How long will matched betting last? A: Matched betting has been around for many years and is likely to remain a viable strategy for the foreseeable future. However, the availability and profitability of bookmaker promotions can fluctuate over time, so it is important to stay up-to-date with the latest offers and adapt your strategy accordingly.
Q: How much can I realistically make from matched betting? A: The amount of money you can realistically make from matched betting will depend on a number of factors, such as the amount of time and money you are willing to invest, the number of bookmakers and promotions available, and your level of experience. However, many people are able to make several hundred pounds per month from matched betting.
Q: Is matched betting worth it Reddit? A: The answer to this question will vary depending on who you ask. Some people believe that matched betting is a worthwhile strategy for making money, while others feel that the effort involved is not worth the potential rewards. Ultimately, whether or not matched betting is worth it for you will depend on your personal goals and circumstances.
Q: What is matched betting money-saving expert? A: Money Saving Expert is a website that offers advice and tips on saving money. The website has a section on matched betting, which provides information on how to get started and maximize your profits.
Q: What is matched betting Reddit? A: Reddit is a social media platform where users can share news, information, and opinions on a wide variety of topics. There are several subreddits dedicated to matched betting, where users can ask and answer questions, share tips and strategies, and discuss their experiences.
Welsh finance blogger who has been blogging since 2008 and finding the best ways to make money online and from blogs in almost every niche.