Need extra 200 GBP per month

Hoenir

Why online? 

DontBringBertie

I started matched betting in around 2017. My thoughts:

Sign up offers 

The sign up offers were very good but they’ve been trimmed down a bit since then. 

For example Bet365 used to give you £200 bet credits which you could make £150 profit off at the very minimum. Now their sign up offer is bet £10 get £30 free bets which you’d expect £24 profit from. 

The sign up offers are still worth doing though as they’re fairly easy to get through. There’s enough bookies out there to make decent money from the sign ups.

Ongoing offers

Almost all of my accounts are restricted now but I occasionally look for the ‘ongoing offers’ out of pure interest. 

Around 5 years ago these used to be along the lines of “bet £10 get £5 free bet” and it was relatively easy to make good profit from them. 

As mentioned above, bookies seem to have got wiser to matched betting since it’s become a huge thing and now offers are along the lines of “place a £10 bet builder and get £5 free bet” for the bigger bookies. These are annoying to lay and the profit is almost non existent if you do manage to lay it.

The smaller bookies have moved on to things like “bet £20 and get a £5 free bet if Man Utd win” which is probably below EV.

Overall

There’s still some money to be made but the time and effort once you’ve done the sign up offers almost makes it not worth it these days.

Back in 2018 you could feasibly earn £200 a month just from reload offers. Unfortunately those days are long gone.

Canuckaroo

mikep22 said:

I did MBing and agree that for a time it dwarfed anything else I was doing. But then the gubbing (being restricted on accounts) started and while I have no doubt there is value in doing it, for a while, you probably need more time then I have).
It is certainly worthwhile for a month where there are some easy starter offers out there, and it is worth signing up for a dedicated site as they literally walk you through the process and you should make your money back quickly.
I used to be of the opinion you do not need a big starter fund, and you probably still don't, but I think to maximise it you need to be able to move quickly on some offers and therefore it certainly helps to have a fair sized bank in order to maximise your lay bets.

So in your humble opinion would it be better to wait till next EPL season? and is there a site that is good for helping beginners?

mikep22

Canuckaroo said:

mikep22 said:

I did MBing and agree that for a time it dwarfed anything else I was doing. But then the gubbing (being restricted on accounts) started and while I have no doubt there is value in doing it, for a while, you probably need more time then I have).
It is certainly worthwhile for a month where there are some easy starter offers out there, and it is worth signing up for a dedicated site as they literally walk you through the process and you should make your money back quickly.
I used to be of the opinion you do not need a big starter fund, and you probably still don't, but I think to maximise it you need to be able to move quickly on some offers and therefore it certainly helps to have a fair sized bank in order to maximise your lay bets.

So in your humble opinion would it be better to wait till next EPL season? and is there a site that is good for helping beginners?

Not necessarily - theres offers on all the time, there will be a load on for Wimbledon and the Euros I imagine; and then theres horse racing, The Open is in a couple of weeks....always something to keep the punters coming back

But the sites are quite quick to restrict your accounts these days, so its not the money maker it once was.

BUT I am sure if you have more time then I do, there is still moolah to be made. I used a site called Profit Accumulator, which is a good site.

Exodi

As with others on this thread, I also did matched betting a few years ago.

I made over £10k personally from matched betting and I tutored around 10-15 people in real life to begin matched betting, with most making £1k-£2k, but a handful making ~£5k.

To be honest though, this was a thankless task and took a considerable amount of time in talking people through it. In hindsight, I should have insisted on a cut. But I was told by many people I'd effectively paid for their Christmas's so it helped me sleep at night.

One of the biggest frustrations was that the second you say matched betting people assume you are a gambler, and when you talk about 'no risk' they usually think you're trying to justify a gambling problem.

To bring it back to this thread, I had my wife speed-run the welcome offers (since these are by far the most lucrative - and to be honest, I can see why most people give up when they're done).

Personally I would recommend signing up to either Outplayed or Oddsmonkey, paying for the premium membership (you'll only have it for a month or two, it provides guides on the welcome offers and the Oddsmatcher pays for itself very quickly - plus some give you commission free trades on exchanges).

In any case, my wife made about £1k in two months and then quit (and this was about half hour of work a few times a week). This was only about 6 months ago so matched betting isn't dead (though the welcome offers definitely used to be more generous).

Casino offers are also lucrative but also require a high level of restraint as these games are designed to be addictive. I deliberately would switch the sound off, set games to autoplay and tab out - or bet on the same number continuously, to minimize my involvement in the games. It is very easy to be slightly up (or down) and think you'll play just a little bit longer (famous last words) and one of the people I taught made £2k over a couple of months matched betting then blew it all in one night on blackjack because they were chasing a loss... Hence I didn't mention this possibility to many people.

I made about £5k from casino offers, which was a roller coaster of emotions. Unlike matched betting, it was common to end a day down £50 or £100. The upside is that you can get some incredible up days. I made £1.5k on one offer (my friend won £800 on the same offer and incredibly my wife also won £400 - sorry 888casino!)

Exodi

CliveOfIndia said:

The usual route of doing surveys can be an easy way of making a bit of pocket money, but unless you're a member of dozens of panels and treat it as a full-time job, you're not going to get anywhere near £200 a month

Glad you're being upfront here. All too often I see surveys championed as a second income stream.

My stepfather did surveys and we'd laugh about the fact he'd spend 10 minutes filling one out to proudly announce 'another 10p in the bag'.

I eventually taught him to matched bet where he'd make £10 in 10 minutes instead.

Exodi

mikep22 said:

I used to be of the opinion you do not need a big starter fund, and you probably still don't, but I think to maximise it you need to be able to move quickly on some offers and therefore it certainly helps to have a fair sized bank in order to maximise your lay bets.

I think it's common for these matched betting companies that generate revenue through referral links to act like you don't need a big starter fund (as it might scare people off suggesting they need £500 to step into this unknown gambling-related thing instead of £50).

But I don't think having a decent sized bank is to move quickly. We all know that welcome offers are significantly more valuable than reload offers.

And the higher odds you can bet at, the more value you retain.

What I mean (sorry this bit is for spectators not you, as I don't mean to teach grandmother to suck eggs) is that if you have a £25 free bet (and assuming a 10% difference in back/lay odds for both to be fair):

Back odds of 3, lay odds of 3.3 - liability of £34.85 (money temporarily tied up). End result will be you've turned a £25 free bet into £15.15 (about 60%).

Back odds of 10, lay odds of 11 - liability of £204.50 (money temporarily tied up). End result will be you've turned a £25 free bet into £20.50 (about 80%).

I generally kept by a rule that you should try and retain 80% of the value of a free bet, though I appreciate that if you can't find very close odds, it can be frustrating to tie up hundreds of pounds (but you always get it back, so it's not a deal breaker).

Plus, the higher the odds, the more likely you are to receive the money back in the exchange, where you want it.

The point is, after you've spent a month or two exhausting the welcome offers, once you realise how bad the reload offers are (e.g. bet £10 get £5 accumulator), you'll absolutely kick yourself that the £1000 (or whatever) of free bets from welcome offers that were dropped in your lap were turned into £600 when they could have instead been turned into £800 with exactly the same effort.

I cringe when I see videos recommending people lay free bets at odds around 2-4 and retaining 50% of the value... what a terrible waste which will be regretted when they understand the process (but by then it's too late as the welcome offers can't be re-done).

mikep22

Exodi said:

mikep22 said:

I used to be of the opinion you do not need a big starter fund, and you probably still don't, but I think to maximise it you need to be able to move quickly on some offers and therefore it certainly helps to have a fair sized bank in order to maximise your lay bets.

I think it's common for these matched betting companies that generate revenue through referral links to act like you don't need a big starter fund (as it might scare people off suggesting they need £500 to step into this unknown gambling-related thing instead of £50).

But I don't think having a decent sized bank is to move quickly. We all know that welcome offers are significantly more valuable than reload offers.

And the higher odds you can bet at, the more value you retain.

What I mean (sorry this bit is for spectators not you, as I don't mean to teach grandmother to suck eggs) is that if you have a £25 free bet (and assuming a 10% difference in back/lay odds for both to be fair):

Back odds of 3, lay odds of 3.3 - liability of £34.85 (money temporarily tied up). End result will be you've turned a £25 free bet into £15.15 (about 60%).

Back odds of 10, lay odds of 11 - liability of £204.50 (money temporarily tied up). End result will be you've turned a £25 free bet into £20.50 (about 80%).

I generally kept by a rule that you should try and retain 80% of the value of a free bet, though I appreciate that if you can't find very close odds, it can be frustrating to tie up hundreds of pounds (but you always get it back, so it's not a deal breaker).

Plus, the higher the odds, the more likely you are to receive the money back in the exchange, where you want it.

The point is, after you've spent a month or two exhausting the welcome offers, once you realise how bad the reload offers are (e.g. bet £10 get £5 accumulator), you'll absolutely kick yourself that the £1000 (or whatever) of free bets from welcome offers that were dropped in your lap were turned into £600 when they could have instead been turned into £800 with exactly the same effort.

I cringe when I see videos recommending people lay free bets at odds around 2-4 and retaining 50% of the value... what a terrible waste which will be regretted when they understand the process (but by then it's too late as the welcome offers can't be re-done).

The problem of course you have is the betting companies know all the data with regard to this, and there is an argument that if you consistently go for 80% (or whatever) then you are on a fast track for being restricted. I tended to settle for around 70% and only go for bigger events, so not some obscure football match in outer mongolia. But you are right that 50% is on the low side.

Scott_Weiland79

It is possible to get an extra 200pm but do all this lot 

Declutter first 

Facebook market place
Ebay
Vinted for clothes
Music Magpie books/cds/old phones tablets etc
Ziffit is a good one for books




Then I would sign up to top cashback anything you buy online see if you can get cashback, I use topcashback, quid co is junk imo. But i get cashback regular from ebay/boots and holland and barrett purchases among others.

Next get a bank account that pays cashback Chase do one and that can be an extra 15quid pm for just using your debit card.

Next lol try the following survey sites

Qmee (google play or app store)
Prolific Academic
Curious Cat (google play or app store)
Opinium research
Prime Opinions (gp app store)
Swagbucks  (gp app store)

Matched betting i have never used so cant comment and working for a financial institution seeing the downsides of gambling I would avoid it. You would be better spending your time on qmee or curious cat imo.

Survey sites are your best bet i used to click about 100-150 on survey sites but its patients time and your demographic.

Good luck