Welcome to my matched betting guide for beginners.
This complete matched betting beginners guide will walk you through, from start to end, how I make a second income that’s completely tax-free in the UK.
It’s simple and easy to do. It’s completely legit too. One thing it won’t do is make you rich. It does take a little time and effort but once you get the hang of it you can easily be making about £50 an hour tax-free.
Think of matched betting as the easiest money you will ever work for. A little side gig that tops up your main income.
No time to read this Matched Betting guide?
If you’re like me and you’d rather get your hands dirty rather than reading this long matched betting guide here’s a brief introduction.
Online bookmakers are constantly putting out new offers to attract new customers and lure back returning customers. Matched Betting is just the way of extracting the profit from these offers by creating two opposite bets, one at the online bookmaker and the inverse bet at a betting exchange. You do this process twice to unlock the offer at the online bookmaker and once all the bets are complete you’ll have made 90-95% of the value of the offer. So say the offer is worth £50, you will earn about £45 in your bank account, tax-free and basically risk-free.
This process can be long and tedious if you were to do matched betting manually. Luckily, there’s an easy-to-use online service that will guide you through, click by click, so you can make money online.
I use OddsMonkey and I recommend it for beginners.
You can get an OddsMonkey free trial where you can make up to £45.
Once you’re done with the OddsMonkey free trial you can sign up to OddsMonkey premium for just £19.99 a month or £150 for the year. I’d recommend using the money you make from the free trial to buy a couple of months of OddsMonkey premium. That means you can start earning a decent second income, tax-free in the UK without spending a penny.
If you want to know more about OddsMonkey then check out my full OddsMonkey review.
Introduction to Matched Betting
I will try to keep this matched betting guide as simple as possible and leave out as much jargon as I can. If you’re unsure of any of the terms used in this guide then check the jargon buster at the end.