I only recently heard about Matched Betting, it is a betting strategy that has been around for many years but in recent times it has become a lifeline for students looking to subsidise their income with relative ease and little risk. After hearing about Matched Betting, I was very dubious of the whole thing but still intrigued to see how it worked and drawn to give it a go. I signed up to Profit Accumulater Free version on the 22nd December 2015 to begin my Matched Betting journey. Profit Accumulator is an online Matched Betting service that includes basic and advanced training as well as a forum filled with useful resources and assistance.
After completing the initial beginner offers over a few days, I could now see how the process works and was keen to explore this further so I signed up to one month platinum membership at Profit Accumulator for £22.99 on the 31st December 2015.
Keeping the Luck Factor in mind, you’ve got to be in it to win it and the harder you work the luckier you get, I’m determined to make 2016 a prosperous year!!
- A very basic overview of matched betting is that you sign up to a bookmaker (such as Coral) and then sign up to an exchange (such as Betfair).
- You place an ordinary bet on something to win (eg bet Manchester United to win in a game of football) at the bookmaker (eg. Coral)
- Then you place another bet against them winning (bet Manchester United to lose) at the exchange, which in my case is Betfair.
The point of Matched Betting is that you are taking advantage of the free money offers that the bookmaker provides to its customers – for example, deposit £10, they will give you £20 to bet with for free.
The only downside is that you need money to deposit into your Betfair account to cover you for Liability of losses. How much this is depends on the odds of the bet you are placing. So far I have placed around £70 in Betfair and as setup costs at the first few bookmakers. You most certainly need around £60 to get started but having a starting pot of up to £200 is ideal.
You do not have to be a member of Profit Accumulator to learn about and start Matched Betting, but I have discovered that being a member streamlines the whole process. There is also a forum full of motivational posts, inspiring stories and people willing to help you at the click of a button if you are struggling with anything. Profit accumulator does not completely automate the entire Matched Betting process but it does take a lot of the manual slog out of the equation.
Profit Accumulator includes a calculator and easy odds matching table which is always up to date and makes it easy to decide which match, race or game to place your bets on.
The advice given is to complete all of the Beginner Sportsbook offers as quickly as possible. These are usually the easiest to complete and will build up your initial bank very quickly. This allows you to tackle larger offers. After this you will be feeling more comfortable and can prepare to branch out a bit. Focus mostly on the Advanced Sportsbook offers, but branch out from time to time and consider the Casino section, which contains many very quick and easy risk-free offers.
So far I am working my way through the beginner offers. I’ve signed up to Betfair, Coral, Betfred, Stan James and 32 Red Sport. I still have many more to get through but the events I have placed bets on will not take place for a couple of days so I’ll need to wait to find out how much I’ve made before continuing.
So when someone asks you, What Is Matched Betting? you can confidently reply, “Well, it isn’t gambling; because there’s no risk involved.”
By betting on both losing and winning, you cancel out the risk; but the reason you make a profit from it is that you are using ‘free money’ to gamble with in the first place, money that has been given to you for free by the Bookmakers as an incentive to retain you as a customer. Every year Bookmakers in the UK give away huge cash sums as a way to attract new customers and to keep them betting. Matched Betting is a completely legal strategy that allows you to raise tax free cash by strategically exploiting these free cash offers by placing the required bets and cashing out the bonuses with no risk.
Visit Profit Accumulator at http://www.profitaccumulator.co.uk to find out more and discover if this is a journey you wish to be a part of.