Over the last few months I’ve been experimenting with various ways to build up my online income.
One of the best hustles I’ve discovered is matched betting.
I’ve casually made €500+ a month through this method with very little time invested. Some people are making in excess of €1,500 a month.
Today I’d like to share my knowledge so you too can make €€€.
What is Matched Betting?
Matched Betting is a legal risk-free tax free way to build up your online income by exploiting bonuses and odd differences by bookmakers.
Let’s use an example.
A bookmaker is offering a €30 free bet to sign up to their site.
However, there is catch. You have to risk €10 of your own money to unlock it.
Believe it or not, there is a way to unlock that free cash without even risking that €10.
By betting on both sides for similar odds.
I BACK a team to win at the bookmaker for €10, then LAY (bet against) the same team for €10 at a betting exchange (more of this later).
Win or lose, I get my money back, but now I’ve unlocked my free €30 bet!
Got the idea? There’s a little more to it than that, but that’s the general principal.
How to make your first €45/£45 in under an hour
- Sign up for a free account at Oddsmonkey. Oddsmonkey is the software that finds you the matched bets. They also also provided step-by-step tutorials on how to exploit each bonus. Oddsmonkey is “the hack”, and I couldn’t recommend it highly enough.
- Next you’ll need to set up at an account at a betting exchange. Unlike bookmakers, these are like peer-to-peer betting sites, whereby the the betting exchanges just takes a small commission. For the first bonuses you’ll be using Betfair.
- Follow the free tutorials provided by Oddsmonkey. They will show how to exploit bonuses from two bookmakers and give you exacts details on what to do.
There’s a bit of a learning curve initially, but once you do one you get the hang of it pretty quickly.
Now go make some money! Start here.
Unfortunately, US citizens will not qualify for most of these offers because of gambling laws.
For the first bonuses you’ll need a account at BetFair. However, long-term go for Smarkets are their commission is only 2% versus 5%.
Also, after exploiting multiple bookmakers, some of them will try blacklist you with an IP snare. To avoid that follow this guide.