After reading her blog posts I too have signed up. I'm excited to try it and I'll be sure to let you all know how I get on!
Over to The Matched Betting Mum to explain....
Itâs great to be here, thanks to Money Saving Megan for having me!
February. Itâs not really up there as the best month of the year. So far, itâs been cold, dark, damp and miserable. What with the credit card bills from Christmas also being due, itâs all a bit depressing. However, how does the prospect of making some extra cash from the comfort and warmth of your own home sound?
A few months ago I discovered something very simple called matched betting which allows me to make extra money from home, working around my kids. Itâs perfect for anyone who has a little spare time. So now Iâm on a mission through my blog Matched Betting Mum to tell everyone about it. Since I started six months ago, Iâve made more than Â£4000. Donât tell me that extra money wouldnât give you a welcome mid-winter boost? In fact, it could go a long way towards paying for a warm and sunny holiday this summer.
Sounds far too good to be true doesnât it? I can assure you itâs not a scam. Itâs been tried and tested by journalists at The Telegraph and Huffington Post. And hereâs what The Guardian has to say about it:
âWith bookmakers offering âfree betsâ to tempt new customers, you can play the system and pocket hundreds of pounds â with little risk to your own cashâ (The Guardian, June 2010)
Despite its name, matched betting doesnât involve you betting or gambling in the traditional sense. Instead, you can take advantage of the free bets bookmakers give out as incentives for you to sign up with them. Instead of leaving it to chance, by following a set process you can make at least 70% of the value of those free bets every time.
How does it work?
It is actually very simple to play the system and make money from free bet offers. But it does take time to get your head around how and why it works.
Â· Sign up to an online bookmaker which is offering a free bet for new customers.
Â· Sign up to a betting exchange website. These sites let you bet against the outcome of a particular game or match.
Â· Place a qualifying bet. You donât just choose a random bet which could win or lose. Instead, you need to place 2 bets â 1 for and 1 against the same outcome. This means backing a bet with a bookmaker and also laying against that outcome with a betting exchange. By doing this, all the outcomes are covered. This means that when the match or game finishes you will get your money back.
Â· You will then be awarded a free bet from the bookmaker.
Â· You repeat the same process with the free bet. You need to place 2 bets both for and against the same outcome. Once again, youâll get your money back. But as this was free money given to you by the bookmaker in the first place you actually make the value of the free bet so will be in profit.
As you always back and lay against the same outcome thereâs never a chance for your money to be lost. This makes it a RISK FREE way of making extra money. Whatâs more, itâs all TAX FREE. To learn more about how it works this video tutorial explains more about matched betting.
By following this simple method, you can always make at least 70% of the value of the free bets offered by bookmakers. There are more than 50 bookmakers in the UK with introductory offers worth well over Â£2000. This means thereâs at least Â£1500 to be made simply by signing up to them.
The great thing about matched betting is that the bookmakers want you to continue betting with them once youâve signed up so there are ongoing offers all the time. If you want, you can carry on making between Â£500-Â£1000 a month if you can spare 1-2 hours a day.
How do I get started?
Itâs completely possible for you to research all of the offers that are available, analyse their terms and conditions, and look manually for bets where the back and lay odds are the same or very close. But this takes an awful lot of time!
If youâre anything like me, the whole matched betting world can also seem very complicated and a little daunting. Before I started matched betting, my experience of bookmakers was very limited, apart from an annual visit to place a bet on the National (which other customers or the cashier helped me work out how to do). Not to mention that as a mum of a 1 and 4-year-old, I really donât have much spare time to do all this on my own.
Instead, I found ProfitAccumlator. This site spoon feeds me all of the information I need. It tells me what offers are available, helps me find suitable bets, and talks me through placing the back and lay bets. They offer a free trial where you get access to the training and tutorials for 2 offers, from which you will easily make Â£35-Â£40. Iâve done a full review of the service they provide on my website.
If you do decide to take the plunge and give it a go then do check out my website for some top tips and advice. I feel a great deal of responsibility if people start matched betting as a result of what Iâve written so I want this to be a useful resource for people. There are some top tips for getting started, frequently asked questions and a guide to the terminology of this strange land.
Thanks once again to Money Saving Megan for having me. If she decides to try it out herself, Iâd love to hear more about how she gets on.
Biography â Jodie the Matched Betting Mum
A former career civil servant, Jodie took a break from Whitehall when her eldest daughter Lily was born nearly 5 years ago. Since then, sheâs had another baby â Oliver - and moved to the sticks. As a stay at home mum, her day to day life is very much dictated by the school run, toddler groups, clubs, feeding and the bed and bath routine.
Missing the freedom of earning her own money, she randomly stumbled across something called matched betting a few months ago. It offered an easy way to make money from home but it also seemed a bit too good to be true. Backed up by reviews in The Guardian, Telegraph and Huffington Post, though, she decided to give it a go. Six months later, sheâs made over Â£4000 in her spare time, simply fitting it in when the kids allow.
Now sheâs on a mission to tell other people all about it.
âWhen I started, it was really difficult to find information which told me how matched betting worked. Itâs actually very simple but just takes a little time to get your head around it. Iâm sure there are other people out there who are interested in giving it a go but are overwhelmed by the betting world and its technical jargon! My aim is to explain how it all works as simply as possible and give people the confidence to try it out.â
By sharing the experience of how she got started and manages to fit it in around her children, Jodie aims to help others who might be worried or nervous in taking that first step. Along the way, her blog also offers wider money saving tips and random musings about life with her two kiddies.
You can follow Jodieâs journey via the following links:
If you decide to try matched betting, let me know how you get on!
Until next time....
Hi I'm Megan, a girl from West Yorkshire who loves shopping and saving money! When I'm not at work or shopping, you can usually find me watching a good movie or in the kitchen baking.
This site uses affiliate links, for more details see the disclaimer section.