When I started my smart betting journey, my first profitable betting strategy was matched betting. In this article, I would like to answer most of your questions about how much can you make with matched betting.
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How much can you make from matched betting?
If you are doing matched betting as a full-time job you can make about 800-1200 euros in a month with your own accounts. Matched betting as a secondary income can make you about 300-500 euros in a month with less time spent. Your profits from is are influenced by many factors. As time goes on and you complete the starting bonuses, the amount of money you can make will decrease.
What is matched betting?
Matched betting is a smart betting strategy to make guaranteed profits from all kinds of promotions offered by bookmakers. With matched betting, you can place a sequence of bets that are converting these bonuses into withdrawable real money.
These companies like bookmakers, poker sites, casinos, and even exchange bookmakers too are offering these bonuses to attract new and existing customers.
Their main goal is to encourage you to deposit more money and wager it as much as possible. With matched betting, you can cover every outcome on sports events and complete the requirements on these bonuses.
Can you make a living from matched betting?
It depends on:
Matched betting for a living if you are from the right country
It is known that the UK is the home of bookmakers and matched betting too. The more bookmakers you have available in your country, the more quality bonuses you can have access to.
Some bettors are not so fortunate, because in a lot of countries the gambling regulations are strict and only a few bookmakers have licenses to operate. In this situation matched betting is not a viable option.
Arbitrage betting and value betting can offer you more possibilities in betting for a side income. If we accept that the average bettor with matched betting can make 800-1200 euros a month as a full-time bettor, we can make some calculations.
Maintaining this level of profit is not easy, but if you succeed, you have to check the other influencing factor in your country.
Every country and even cities have different costs of living.
The same amount of income from matched betting can be more than enough for living a financially comfortable life in a not-so-developed country, while for example, 1000 euros in Oslo or London is hardly enough.
I brought four examples to show that answering the question is not so easy.
In my first example, you can see that by statistics a single person’s estimated average monthly cost is about 750 euros in Liverpool. This cost does not include rent.
In this example, this income source could cover your monthly cost. You can live from it only if the average you can make is at least 800-900 euros monthly.
On the other hand, in London without rent, you should make at least 1000 euros in a month to cover your monthly costs.
I took a similar city too, outside of the UK. Melbourne from Australia where the cost of living is around 850 euros in a month, but the rent, in general, is not so high as in the UK cities mentioned above. Matched betting for a living here is more possible if you have access to enough bookmakers.
For the fourth example, I took again a European city. Lisbon from Portugal has an estimated monthly cost for a single person of around 670 euros (without rent). This could seem fair for matched betting but in Portugal, only eleven licensed bookmakers are available for smart bettors.
So the amount you can make from these bookmakers with matched betting legally is hard to cover your monthly expenses.
It is important to mention that we can see a decrease in the number of bonuses offered. Matched betting for a living is getting harder and harder for beginners.
It does not mean that you can’t make good money anymore. But in the industry of smart betting, you always have to find new ways of making money to maintain profitability.
How much money do you need to start matched betting?
For matched betting, you need money to make more money. You can find bookmakers with bonus offers without deposit, but starting your betting career this way will take a long time to actually grow big.
Based on experience, the minimum capital you need to start matched betting should be around 200-300 euros at least. With this amount, you can start with smaller deposit bonuses like 30-50 euros or free-bets like 10-20 euros.
Depositing only 20-30 euros from that starting capital probably won’t get you stuck for a long time at a bookmaker.
With a bigger starting capital for matched betting, like 500-700 euros, you can start bigger bonuses like 60-80 euros unless you are not using too many bookmakers.
Please bear in mind that the bigger starting capital you have for matched betting, the more bonuses you can use at the same time.
Your income from matched betting can grow significantly as you are using more bookmakers and more bonuses.
If you click on the following links, you can read my review about two cheap/accessible Matched betting services.
With their guides and software you can have access to a lot of bonuses without searching.
They offer the best tools for making a lot of money with minimal effort!
What can I do when I finished with all the bookmaker bonuses?
I think every beginner bettor already asked the same question in the beginning. But how can you make a living from matched betting if you have completed every bonus offer?
A very simple answer is that if you are from a country with a lot of bookmakers, this process will take a lot of time.
The process is the following:
- You deposit money to a bookmaker
- Complete the requirements for the bonus
- Place some other bets to avoid being flagged as a bonus hunter
- Withdraw money
- Start again with another bookmaker
If you are not using a bookmaker, not depositing money, or not wagering, they will notice it. The goal of the bookmakers is to keep you active for as long as possible.
For this, they will offer you new bonuses. Reloaded bonuses and free bets are the most common ones to motivate you to deposit money.
Besides these reload bonuses you have other opportunities too for matched betting. A lot of bookmakers are constantly offering bonuses, almost on a weekly basis.
Most of the time these bonuses are free bets for a small amount if you complete some requirements. They are easy to complete with arbitrage bets of around 0%.
Another possible way of continuing matched betting can be in the gray area. Friends and family can help you in continuing your betting activity.
Using the accounts of friends and family is a dangerous tactic because as soon as a bookmaker finds out, they will block your account. The money you had at that bookmaker will be locked and most probably you will never see it again.
Is it possible to lose money while matched betting?
If you are planning to turn matched betting into a living, you might have some concerns about how safe is this betting technique.
The general answer is that the chance of losing money from matched betting is very small. The chance of losing your whole capital is 0 if you are following the basic rules.
What are the risks of losing money with matched betting?
Matched betting is a guaranteed way of converting bookmaker bonuses into withdrawable money. The process itself does not hold any risk of losing your money if you are doing it right. Only human mistakes can lower your income in the long run.
Mistakes that can happen while matched betting:
- At free bets: you place the bet at the bookmaker with the bonus and at the other bookmaker you are covering it on the wrong market. Example: 1st bookmaker Team1 to win, 2nd bookmaker you should cover the bet on Team 2 handicap +0.5 but instead you place your bet on -0.5.
- Covering bet placed with a wrong stake: too big or too small because you are making a wrong calculation
- Becoming greedy and placing arbitrage bets on very wrong odds, so the bookmaker is limiting you. In this situation, your chances of completing the roll-over requirements might become impossible. You will have to cancel the bonus.
Why is not everyone choosing matched betting for making money?
It’s a fair question that why not everyone is betting for a living if it gives you so much guaranteed money.
It has several good reasons. Let’s see some, why not everybody is matched betting:
- Sports betting, in general, is not accepted by everyone. A lot of people think that even smart bettors are gamblers and they will lose all of their money
- You need to have a basic knowledge about sports and odds
- Not everybody can understand the betting technique of matched betting • The information about smart betting strategies is not arriving to everyone
- Lacking the capital to start matched betting
- Matched betting is not a stable income source like 8 to 17 jobs and not everybody can handle insecurity
- If you are not working alongside betting, there are good chances that you do not have any kind of health insurance
- Betting itself can have a negative effect on your finances. If you are planning to apply for a bank loan to buy a home, you should avoid betting for at least 3-6 months. Banks are checking your transactions. A payment to a bookmaker can decrease your credibility of being able to pay back your debt
- If you are from a country with high taxes on betting winnings, you may check whether matched betting worth a try
Making a living from only matched betting is not an easy way, but as a side income is the easiest way of making money from home.
As a full-time job you can make about 800-1200 euros in a month with your own accounts.
Matched betting is a smart betting strategy to make guaranteed profits from all kinds of promotions offered by bookmakers.
If you have access to a lot of bookmakers and your cost of living is not too high, it is possible to live off of these profits.
The chance of losing money from matched betting is very small.
You can understand how betting works and you need to have access to a lot of bookmakers.