16 FAQs About Making Money With Matched Betting In 2021

I’ve been doing matched betting for a couple of years now, and it’s safe to say that it’s one of my all-time favourite ways to make money online.

It’s not a get rich quick scheme, but it’s definitely one of the quickest and easiest ways to supplement your income each month.

If you’re over 18 and you live in the UK, you could get started as soon as today.

If you’re anything like I was though, you’ve got a lot of questions about how it all works, and what you need to know to get off to the best possible start.

Here, I’m answering some of the biggest questions about making money with matched betting in 2021…

1. What exactly is matched betting?

Online bookies want to attract more punters to use their services, and one way in which they do that is by offering free bets.

Matched betting is all about exploiting those offers to create a guaranteed, risk-free profit.

An example here would be that a bookies is offering a free £20 bet when you place a £20 bet.

First of all, you need to complete what’s known as a ‘qualifying bet’, so you can unlock that free cash.

You’d place one bet with the bookies, and another bet with a betting exchange, and the overall aim is that these bets cancel each other out.

You’ll lose up to £2, but that’s all part of the process.

You’ve now unlocked your free bet. and you repeat the process by placing another bet at the bookies, and at the exchange.

Once you’ve completed both steps, you’ll have made around £16 in profit.

There are tons of different offers to make your way through, and you can start making money almost instantly.

Profit Accumulator tells you what to bet on to guarantee your earnings, and it also tells you how much to bet.

2. Is this not too good to be true?

That’s exactly what I thought when I first discovered matched betting.

There are plenty of scams out there when it comes to making money online, and when I first read about the earning potential in gambling sites, I was pretty bloody sceptical to say the least.

I quickly discovered though that’s it’s legit, and it’s definitely not a scam.

Like any online income stream, you need to invest some time into learning the ropes, but it’s by far the quickest and easiest way that I know to earn at least a couple of hundred pounds a month.

3. Is matched betting legal?

It’s completely legal.

Essentially, all you’re doing is placing bets with online bookies.

It just so happens that you have a strategy behind you so you can create profits.

4. Is it gambling?

As long as you follow the system, matched betting is NOT gambling in the traditional sense.

When you gamble, you can win or lose and there’s an element of risk involved.

With matched betting, you can lock in profits without risking your own money.

By covering all possible outcomes of an event, we’re able to make a profit regardless of the result.

Of course though, there is always the possibility of human error, which is why you should take this seriously and always take extra care with your bets.

It’s also worth noting here that the matched betting process does involve signing up for and using online gambling sites.

For this reason, if you’ve ever had problems with gambling in the past, or you suspect that you might be tempted to start gambling instead of following the matched betting strategy, then I strongly recommend that you avoid matched betting altogether.

Though I’m a big fan of this way to make money online and I believe that it’s a great opportunity for many people, it’s not for everyone for this exact reason.

5. How much can I earn each month from matched betting in 2021?

It all depends how much time you have available, and how serious you are about going after the profits.

In my first month of matched betting, I made over £400, and that involved dedicating just a few hours per week.

These are general timescales and earning expectations that Profit Accumulator suggest:

• 15-30 minutes per day = £500 per month
• 30-60 minutes per day = £1,000 per month
• 1-2 hours per day = £2,000 per month

Maybe you’re wondering if it’s possible to earn a full-time living from matched betting.

The straightforward answer to this is yes.

I’ve come across quite a lot of people over the past few years who have quit their jobs to do matched betting full time, and have successfully replaced their previous income.

Of course though, these are people who have put a lot of time and energy into studying the more advanced matched betting tactics, and they’re the exception rather than the norm.

6. Is it complicated to do?

I’ll be totally honest here…

The first time I watched a tutorial video on Profit Accumulator, my head was battered.

The whole process seemed massively complicated, and I wasn’t sure that I’d ever be able to work it out.

But I was eager to give this a really good bash, so I persevered.

I watched a few more times, I made some notes, I had a go at doing the calculations. And slowly but surely, things clicked into place.

Within a week or so, I completely understood how it worked, what I should be doing, and I was confident going ahead and placing my bets.

Once it clicks, it really is simple and straightforward.

At the end of the day, matched betting is all about stakes and odds, so if you’re great at maths, you’ll likely pick things up much quicker.

But you definitely don’t need to be a mathematical genius – I know I’m certainly not!

The tutorials on Profit Accumulator are brilliant, and it’s just a case of following the steps and using their calculators to determine exactly what you need to do.

7. How much time does it take?

One of my favourite things about matched betting is that you can do as much or as little as you like.

The more time you have available, the higher your earning potential.

It fits in great around my various other online ventures, and I love that there’s no pressure.

You’re only answering to yourself, and you can dip in and out depending on what else is going on in your life.

What I will say in terms of how much time it takes is that it really pays to be consistent.

If you only have 20 minutes a day available then that’s fine. But building matched betting into your daily routine will serve you really well in the longer term.

Consistency means that you learn the ropes faster, you move through the offers faster, and ultimately, you make money faster.

8. How much does matched betting cost?

You can sign up for Profit Accumulator for free, and that will give you access to your first two money-making offers, including full instructions so you know exactly what to do.

By completing these, you’ll make up to £45.

You will need to use your own money to complete these offers – £60 is a good start – but do remember that it’s never at risk.

It’s simply tied up for a day or two, and whatever the outcome is of the bet you’ve placed, you’ll make your profit.

Having more money in your matched betting pot will allow you to move through the offers more quickly, but if cash is tight or you want to take your time, that’s fine.

You’ll just sometimes find yourself having to wait a few days for your bets to settle before you move on to the next offer.

If you then want to progress and make more money, you’ll have to upgrade your Profit Accumulator account, and you can choose to pay monthly at £17.99, or annually at £150.

Better still, I’ve negotiated a Profit Accumulator discount code for my readers, which can save you £76 on annual membership.

If you decide that you’re not happy with the service and you haven’t make any money, you can get a full refund within 30 days. I chose the annual option, and I made that money back within less than a few weeks.

9. What happens when I’ve completed all the sign-up offers?

The sign-up offers will definitely keep you busy for a good while.

Once you’ve completed them though, there are plenty of other ways to continue matched betting and maintain your earnings.

The bookies want to keep you coming back to their site and placing bets, so they’ll often run what are known as ‘reload offers’.

You’ll learn about these once you’ve completed all your sign-up offers, but the premise is often very similar… You’ll place a bet, and the bookie will credit you with a free bet, that you can then turn into profit.

My advice on this one is to concentrate on the offers that are available, and don’t try to run before you can walk.

I’ve also created a guide to making money with matched betting long term.

10. Do I need to have a good knowledge of sports?

No.

I’ve got no interest at all in sports, and I had pretty much zero knowledge when I started matched betting.

It’s not about knowing the intricacies of the games that you’re betting on… It’s about knowing the calculations that you need to do so you can create a profit from a particular match, regardless of what the outcome is.

Ultimately, your interest and knowledge of sports is fairly irrelevant.

11. What if I’ve never placed a bet before?

Aside from an annual flutter on the Grand National, I’d never betted before I started matched betting, and that didn’t put me at a big disadvantage.

As long as you know how to use the internet, you quickly pick up everything you need to know.

In fact, I’d even go as far as to say that in the long term, starting with no betting experience probably puts you at an advantage.

12. Will I need a separate bank account?

You don’t NEED one, but it makes things so much easier when it comes to staying organised and keeping track of your profits.

I’d definitely recommend opening an account that you’ll use solely for matched betting.

I simply applied for a new account online with a high street bank, and I received my debit card in the post about four days later.

This way, you can easily keep track of the payments that are coming in and out of your account, and take a quick look at your profits at any given time.

13. What if I already have accounts with all the online bookmakers?

You almost definitely don’t!

There are dozens and dozens of online bookies out there that you’ve probably never even heard of, so even if you’ve signed up with a few of the big names in the past, there’s still plenty of other offers that you’ll be able to do.

14. Do I have to pay tax on my matched betting earnings?

No, which is yet another reason why I love matched betting!

Bookmaker and casino winnings are not taxable under UK legislation, so you don’t have to worry about coughing up a chunk of your earnings to the tax man.

All of your profits from matched betting are yours to keep, and you won’t have to complete a tax return (unless, of course, you have self-employed earnings from other sources).

15. Does matched betting still work in 2021?

Absolutely, yes.

As is the case with practically any way to make money online, there are always going to be the naysayers.

In particular, I’ve often seen it being said that the bookies will catch on to what matched betting is all about, and make efforts to stamp it out completely.

The reality is that lots of people think about giving it a try, but they never get off the starting blocks.

Then there are the people who do get started, but struggle to stay consistent and ultimately their efforts fizzle out. And let’s be honest – it’s so easy to fall into that trap. There’s no boss breathing down your neck expecting you to get things done, and day to day life can very easily get in the way.

But I believe that there’s still so much potential with matched betting, and that isn’t going to change in 2020.

Bookies will continue to issue offers and free bets, and a relatively small number of people will continue to use matched betting strategies to create profits.

Bookies already know all about matched betting – of course they do! – but the reality is that matched bettors are just a tiny, tiny percentage of their punters.

If you are disciplined and you are consistent, matched betting in 2021 could be extremely profitable for you.

16. How do I get started?

You can get started with matched betting today by signing up for a free trial at Profit Accumulator.

You’ll watch the beginner-friendly tutorial videos, then follow the step-by-step guide to complete your first two offers.

You’ll make up to £45, and that’s a great way to put some cash in your pocket and decide whether you want to continue with your matched betting journey.

Next steps…

Matched betting is one of those things that seems like it could be a minefield when you’re first dipping your toes in the waters, but the reality is that it’s simple, straightforward, and a serious earning opportunity for anyone who’s looking to bring in some extra cash each month.

Have you got any extra questions? Pop them in the comments below and I’ll do my best to help.

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