How Much Can You Make From Matched Betting In 2024?
5 Feb 2024
Updated: 12 Feb 2024
Earnings from Matched Betting can vary enormously depending on factors like your starting bankroll, the amount of time you have to put in, whether you’re using a brand-new set of accounts, and whether you’re also doing related offers like casino offers.
You can expect to make over £850 from the initial sportsbook signup free bets, and thereafter you can make £300 - £1000+ a month from reload offers for existing customers. You can also make over £1400 from casino welcome offers and a further £300 - £1000+ a month from casino reload offers.
In this article, we’ll explore some of the better offers that can contribute towards your monthly profit goal, and also delve into some case studies of how our members make up their monthly profits.
How Much Can You Make From Matched Betting Signup Offers?
Signup offers are the easiest offers to start with when you’re Matched Betting, so you should absolutely focus on these first. These are one-time promotions that each bookmaker offers as a way to attract new customers - and they tend to be very profitable.
Normally, signup offers involve you signing up to a bookmaker, placing a bet to qualify for their welcome promotion, and then using the rewarded free bet or bonus to lock in a guaranteed profit for yourself.
In the members area of Outplayed, there are more than 40 bookmaker signup offers to complete, and if you do them all, you should expect to make more than £850 in pure profit. You can access all of these for free using our free trial.
When you first start Matched Betting, each signup offer might take you quite a while to complete, and you may wonder if it’s worth all the time and effort (spoiler: it is!).
As you complete more and more offers though, you’ll become much faster at doing them, and eventually you’ll be able to whizz through an offer in a matter of minutes - which means your profit per hour starts to go way up.
The good news is that this is just the start!
The initial signup offers are actually very much just the warm-up in Matched Betting. The main event - and where you can make the most of your profits - are the reload offers. This is how our members make regular profits each month.
How Much Can You Make From Matched Betting Reload Offers?
Reload offers are free bet offers that are available to existing customers of a bookmaker - so you don’t need to open a new account to take part. Obviously, this makes reload offers a critical part of making long-term profits from Matched Betting.
Reload offers come in all different shapes and sizes, and there are literally dozens and dozens of them available every single day - you just have to know which ones are worth doing and which ones aren’t.
If you’re an Outplayed member, we figure that out for you, and every day we post detailed instructions in our “reload offers” section, telling you exactly how to turn each offer into profit.
Whilst you should generally be able to make £300 - £1000 on a healthy set of accounts, the amount of profit you can make from these offers will vary enormously from month to month, or even from person to person. As the age old adage goes, “The more you put in, the more you get out.”
To understand how much potential you could make from these offers by putting in the effort, you can look at the amount of value available.
We tracked how much value we posted during 2023.
It’s important to note that you will not be able to do every one of these offers mainly due to time or account restrictions but does show there is tons of value available each month.
If we only look at the value of the available “guaranteed profit” offers, these are offers where you can lock in a profit by following our instructions, the average amount for these alone each month was £1,401.20
It’s also worth keeping in mind this is only the offers where you can lock in profit. If you look at all the estimated value and potential profit offers the average amount total of monthly value posted in 2023 was £1,818.10
But wait, there’s more…
These value amounts do not include the more profitable potential profit offers with no value listed such as Horse Racing Refunds, Extra Places and 2up Early Payout offers that we’ll take a look at later.
Let’s take a pessimistic view and assume you can only do Matched Betting for half an hour or so a day on average. Let’s also assume you’re gubbed by some bookmakers and can only do half of the offers available. Even in this scenario, you’ll still make over £500 profit per month in total which is a fantastic side income.
How Much Can You Make From Price Boost Offers?
Price boosts, or enhanced odds offers, although one of the simplest, quickest and profitable reload offers to do in Matched Betting are often overlooked.
Any time you see a price boost offer where the new boosted back odds offered by the bookmaker are higher than the available lay odds for that same outcome on the exchange – you’ll make a profit using our Matched Betting calculator.
This involves placing a back and lay bet to lock in an instant profit from the price boost offer. This quick and easy process makes price boosts great if you’re short on time and these offers alone can generate you a healthy amount of profit each month.
We tracked all the value posted in our forum price boost thread in 2023.
The monthly average for 2023 was well over £400 of price boost value.
It’s unrealistic to bet on every price boost available but if you manage to place around half of the posted opportunities you could make over £200 each month just from these simple price boost offers.
How Can You Make Even More Money From Matched Betting?
As well as the different types of offers we’ve looked at above, there are other Matched Betting offers that give you the long term edge over the bookies but will not always result in an instant profit.
These offers require a long-term approach but can be the most profitable for you.
Once you become very efficient at the basic-intermediate level reloads (e.g. Horse Racing Money Back Offers, Price Boosts, Same Game Multi Bets and similar) and when you've built up a good to decent sized Matched Betting bankroll, you will be ready to move on to the more profitable advanced Matched Betting offers which include, Extra Place offers, 2up Early Payout offers and Casino Offers.
Extra Place offers
Extra Place offers are a popular horse racing offer available at many bookmakers.
An “Extra Place” is when the bookmaker says they will add one (or more) additional places to their standard place classification on a particular race.
So, for example, they may offer to “pay 4 places on a race” instead of the standard 3 places. The 4th position in this instance is then the “Extra Place”.
You can place a matched bet so if your horse finishes in that 4th position in a race (the “extra place”) – you make money – and usually pretty good money too!
2up Early Payout offers
2up Early Payout offers are a football promotion where a bookmaker offers to pay your bet out as a winner (in cash) if your team leads by 2 goals at any point in the match (unless a different payout trigger is stated).
Using Matched Betting, this can mean huge potential profits if your team leads by 2 goals but then fails to win the match. The key is finding the right value bets that are profitable long term and our revolutionary 2up Master software makes finding these 2up Early Payout opportunities a breeze.
When doing casino offers you will be using a completely different, but equally clever, strategy to make profits.
Unlike with Matched Betting sports offers, you will not be laying off bets when doing casino offers. You can’t lay off a spin on a slot machine. There is no ”casino betting exchange” when doing casino offers.
The key foundation of casino offers strategy is that you will only ever do offers that have a ‘positive expected value’, otherwise known as +EV.
You don’t need to worry about finding these +EV offers or how to do them as we will only list +EV casino offers with full instructions on how to complete them.
As a Matched Bettor, you will ONLY EVER do +EV casino offers and having the right mindset for these offers is essential.
Can I Do Matched Betting If I Have Existing Bookmaker Accounts?
If you have existing online betting accounts, all this will do is reduce the amount of money you can make from new signup offers. The good news is you can still utilise the far more profitable reload offers that will allow you to make money from Matched Betting month after month.
Take a look at a typical member’s earnings cycle who is new to Matched Betting, this shows where the first few month’s and beyond profits will come from:
Having previous accounts can also be beneficial as your account activity with individual bookmakers will likely have a history similar to that of a regular punter. This can help by the bookies identifying you as a typical gambler and mean you don't end up being gubbed or restricted too soon.
Being gubbed is when your account has been limited by a bookmaker and you will no longer be able to take advantage of the special offers or promotions with that particular bookmaker. When Matched Betting, we want to delay this as much as possible and you can follow our top tips to avoid being gubbed.
How Long Does It Take To Make A Profit From Matched Betting?
If you understand the basics of Matched Betting and are ready to place your first bets, you will be locking in your first profits the same day you start!
The time your actual cash profit will be available will depend on when the bets you place finish. With this in mind, it’s a good idea to place bets closer to the current time and you can find suitable bets using the timeframe filter on our Oddsmatching software.
From then on you can continue working your way through more offers to lock in more profits if your bankroll allows.
It's worth noting that you don’t have to spend ages looking for bookmaker bonuses or other extra offers. We provide this to you as part of your Outplayed membership and we find the most lucrative signup and reload offers daily.
The Key Ingredients That Will Determine How Much You Can Make From Matched Betting
You will now see that the more effort you put in, the more money you will make. With that said, there are four key ingredients that'll determine your overall results, these are:
What you’ll see, is that from the numerous ’milestone’ posts we approve to our Facebook group, is that some of our members, given the right amount of the four traits mentioned above, can clear up to £10,000 in the first 12 months.
We’re well aware that kind of figure sounds incredible to most new Matched Bettors; it can seem just too far-fetched for most. However, if you have plenty of time, create the space for dedicating yourself to learning all there is to know about the most common offers and some of the more advanced offers, there isn’t any reason why those sorts of figures aren’t in reach for you too.
You can read some great stories and learn how our members have managed to achieve such great results from Matched Betting.
How Much Money Can You Make with Matched Betting Per Hour?
You should be able to make between £10 and £30 per hour of Matched Betting. So, if your monthly earning goal is £200 per month, for example, you could look at dedicating about 5 hours per week at least, which really isn't too bad at all.
It’s important to remember that the number of offers are limited so you cannot always make that top high rate continuously at any time of the day. The best way is to work through the most valuable offers first in the time you have available.
The amount of money you start with as an initial investment is of course helpful, but it certainly isn't the be all and end of all of what you can make as a return from Matched Betting.
As a beginner, you should first focus on completing the bookmaker signup offers to build your experience and bankroll. Even if that is all you do, you should complete the signup offers that the gambling providers offer to help you lock in over £850 in profit.
Do keep in mind that we recommend using Matched Betting as a source of extra money, but if you consider this as a 'job' on top of your existing one, it's unlikely you'll enjoy it.
Try to stick with it and join our free betting community of thousands making good money every day. If you can look at the Matched Betting process as a money making hobby it will be much more rewarding. And what an amazing hobby too, where you put in just a few hours a week and end up with extra spending money each month!
How Much Do Outplayed Members Make From Matched Betting?
Ok, so by now you’ll have a clearer idea of how much you can make from Matched Betting but don’t just take our word for it!
You can check out the many ’milestone’ posts we approve to our Facebook group, here are a few recent posts from some very happy Outplayed members.
December 2023: Jonathan is averaging an incredible £1000 per month so far:
January 2024: Carl has made over £1,000 spending just 15 minutes a day on his phone and only focuses on the quick and easy offers:
December 2023: Alex has made £12,000 in just under one year of Matched Betting and enjoyed an unforgettable family trip to Lapland with the profits:
November 2023: Glynne smashed his target of topping up his pension by £40 a month by making over £5,000 in his first year of Matched Betting:
You can be one of the next people posting your milestone celebration and we’ll be happy to help you along the way. If you have any further questions or need support on your Matched Betting journey you can contact one of our Matched Betting experts 7 days a week.
You can contact us via email, live chat or even give us a call.
You’ll now see the amazing earning potential of Matched Betting. If you are new, your first focus should be to build £850 of profit from the initial sportsbook signup free bets, and thereafter use the reload offers to make £300 - £1000+ a month.
Once you are comfortably achieving this, you’ll be ready to take on the more advanced Matched Betting offers which can supercharge your profits by an extra £500 - £1000+ a month.
Whilst you progress on your Matched Betting journey, to increase your longevity and earning potential be sure to keep in mind our top tips to avoid being gubbed.
Interested In Getting Started Matched Betting?
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