How Much Can You Make From Matched Betting?
27 Sep 2022
Updated: 9 May 2023
At Outplayed, we often get asked 'how much can you make from matched betting'. It's a completely understandable question before undertaking anything that takes some time. Individuals looking for a way to make extra money online will want to know what type of returns to expect prior to spending time achieving it.
The amount of money you can make from Matched Betting is determined by a few important factors that we'll go over in this article. First, let's take a little look at what matched betting is and how it works.
What Is Matched Betting?
Matched Betting is a betting strategy that allows users to profit from bookmaker promotions such as free bets and incentives and then using a sports betting exchange service to lay the bets off. The Matched Betting strategy is more of a mathematical equation rather than pure gambling. When the stake is returned, a typical betting profit return for a matched bet is 85 percent or more of the free bet offer amount, and 70 percent or more when the stake is not returned. The majority of free bets are not returned.
How Does Matched Betting Work?
Matched Betting works by converting free betting credit into real money utilising a 'back and lay’ betting technique. Many online bookmakers provide offers and free bets as part of their welcome bonus offers to attract new customers. Existing customers can also obtain free bets called ‘reload offers’.
By placing a similar bet against the same outcome (lay bet), you can eliminate the loss associated with each bet for a losing outcome (back bet), ensuring that you win regardless of the outcome. You will win around 80% of the free bet value, so a £50 free bet will net you roughly £40 in profit.
Now we know what Matched Betting is and the theory behind it, let's take a look at the factors that affect how much you can make from it.
How Much Do You Need To Get Started With Matched Betting
As with anything, if you've got money, it's very easy to make more - the same can be said for Matched Betting. The larger your bankroll, the more betting offers you can do and the more you will get back in returns from betting sites.
The good news is, that even if you don't have much money you can get started with Matched Betting and Profit Accumulator. That's right, you can earn money via Outplayed today.
One of Outplayed's matched betting experts has this advice:
"If you start with a smaller bank then just do the smaller sign-ups and build your bank ready for the larger sign-ups. You will have to be patient and your progress will be slower but you will still get there. It may take a few weeks to turn that £100 into £150 and then another couple of weeks to turn it into £200 but you will have still doubled your original amount in a month."
With a higher starting amount, you'll be able to take advantage of the profitable offers quicker. Using Outplayed's simple step-by-step guide, instructional videos, forum and profit tracker, you can start making extra cash via our trusted matched betting process.
After the first month, or perhaps the first week, you'll wonder why you ever thought to yourself, "Can I really make money with matched betting?!"
Can I Do Matched Betting If I have Existing Betting Site Accounts
Another question we get a lot from new or prospective members is if they have previously signed up for betting accounts are they still able to make money? This question is perfectly logical.
Matched Betting guides reference 'signup offers' regularly as betting opportunities and it stands to reason that if you already have an account with many gambling websites, then surely the signup offers are not applicable to you.
Well, yes and no.
Ultimately, all having existing online betting accounts will do is reduce the amount of money you can make from new signups. You can still benefit and make extra cash from a matched betting service by utilising the far more profitable reload offers.
Having previous accounts can also be beneficial as your account activity with individual bookmakers will have a historical and more natural look, which will identify you to as a typical gambler and mean you don't end up on the gubbed accounts list.
Check out our related article: Top Tips To Avoid Being Gubbed?
How Long Does It Take To Make A Profit From Matched Betting?
Possibly the most common and excellent question arc we receive are the ones around time and how much effort you have to throw at your new favourite hobby.
Some of our members are full-time Matched Bettors and earn the equivalent of a full-time salary, but, obviously, that's not for everyone. (We only recommend Matched Betting as a way to attain an additional consistent profit in your spare time - not as an alternative to a full-time job).
It's worth noting that you yourself do not have to waste time looking for bookmaker bonuses or other extra offers. Outplayed provide this to you as part of membership and we find the most lucrative offers daily.
Like most things, the more hours per day you put in, the more you'll likely receive.
How Much Money Can You Make with Matched Betting?
The amount of money you have available 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.
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. Check out some of our member stories from this year for more information on what kind of return you can get with Matched Betting:
As a beginner, you should first focus on completing the bookmaker signup offers. These are special offers that the gambling providers offer to new customers as an incentive to sign up.
What we do know from the numerous ’milestone’ posts we approve to our Facebook Group is that some of our members can clear up to £10,000 in the first 12 months.
As advised above, Profit Accumulator recommends 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, stick with it and join a betting community of thousands making good money every day. This is not the way to look at the Matched Betting process. Putting in just a couple of hours a week and grabbing all the reload offers will provide a decent monthly profit for you.
Check out some other articles below based on some of the common questions we receive as well as our betting calculators, which help you make the most profitable bets and increase your betting earnings.
Start Earning Money Today With Matched Betting For FREE