How Much Can I Make Matched Betting?

How much money can you make from anything? If you see a limit, there will be a limit. If you are the matched betting equivalent of Buzz Lightyear, you can go to infinity and beyond. You don’t have to be the Wolf of Wall Street, either. Matched betting is completely legal and, with tools like the Yesbets OddsMatcher and Matched Betting Calculator, it’s super easy to supplement your income and grow your matched betting enterprise. Tax free.

But like most enterprises - and matched betting is an enterprise, albeit an enterprise with plenty of help from Yesbets - the amount you can earn depends on how much time and money you are prepared or able to put in.

The Time Is Now

Have you ever made excuses for not having the time to do something? “I can’t exercise, I haven’t got the time;” “I haven’t had the time to work on that mind-bending screenplay that is sure to be Oscar-worthy;” “I didn’t have the time to pick the kids up from school so I left them to fend for themselves.”

Hopefully you’ve never said that last one. But what about work? You didn’t have the time to finish a report, or to apply for that job interview at another company because your boss is an arse?

We only ever have time if we make time. Realistically, how long would it take you to apply for that job interview? 20 minutes? 30 minutes? If you spend that kind of time every day completing one sign-up offer or reload you could realistically be looking at an additional weekly income of £150. And that’s just to begin with. The bigger your exchange balance becomes, the higher odds bets you can match and the more percentage profit you can take from each bet.

This sounds like a sales pitch, doesn’t it?

It isn’t. But there’s no need to take our word for it. Kevin Hawkins, on Facebook, said:

Just hit the £1000 profit mark. Not bad for 30 mins work a day since April! Having a bit of fun and a laugh along the way! Cheers Daryl and Mark what a great return on £150 start up.

And there are countless testimonials that shout the same. Some of them are on the Yesbets home page & Trustpilot site. There’s plenty more on the private Facebook group...but you’ll have to sign up if you want to read those and get the added tips and insight from matched betting veterans on the group.

Show You The Money

And so to the crucial question, how much does it cost? Well, it’s free to join Yesbets. You have access to two free sign-up offers, Coral and Ladbrokes. Let’s say you want to give it a go - for free - so you decide to start with these two offers.

Coral rewards new punters with a £20 free bet when we stake a £5 back bet on any sports market with odds of 1.5 or above. So you will need to invest £5 at Coral. But in order to match it up and cover both outcomes, and to take advantage of the free bet offer and cover both of those outcomes, too, we need to deposit and lay £40 or so in a betting exchange. Yesbets suggests using Betfair to begin with, though other exchanges are available.

(If all this talk of back bets and lay bets seems confusing, check out the Yesbets Matched Betting Guide for a full, frank and filling explanation of the matched betting process and all this industry terminology.)

So we have invested £45 so far but, by the end of this first offer, we have made a profit of around £15. So our overall balance is £61.

Wow! This was easy! So, your appetite whetted, you think you’ll do the same at Ladbrokes.The Ladbrokes sign-up promotion offers new bettors a £50 free bet if they place a £50 bet on any a sports market with odds of 1.5 or greater. (Actually, it says that Ladbrokes will match our bet up to £50. So if we bet £10 Ladbrokes will give us a £10 free bet. But, as we said earlier, extracting maximum profit means greater initial outlay. The more we put in, the more we get out.)

So we deposit and bet the £50 back bet at ladbrokes, and lay against that same outcome at Betfair. Crucially, if our first series of bets at Coral lost at the bookie but won at the exchange, we already have £61 in out Betfair account. So we don’t need to worry about depositing any more at Betfair.

Our Ladbrokes bet loses at Ladbrokes, but wins at Betfair because we have covered both outcomes. Maybe we lost 50p on this bet. Ladbrokes now gives us the £50 free bet they promised when we signed up, which we back and lay again and now have £40 or-so profit, whatever the outcome.

So, we have completed both of these offers for an initial outlay of £95. Our finishing profit is £56. In less than an hour. Not a bad hourly rate, eh?

And what if we had multiple accounts with each bookie? Actually, we can’t do this. Not only do bookies prohibit this in their terms and conditions, but they also actively monitor our Mac and IP addresses to make sure that we can’t.

So we’ve seen how the Yesbets free service gives us these offers, and we can continue to bag reloads from Coral and Ladbrokes, but as Yesbets says in its Matched Betting Guide, rinsing bookies for bonuses is sure to have us tagged as a bonus abuser. If we rinse these two bookies, they are going to restrict our accounts or “gub” us off. You could do it manually, find your own offers and enter them manually into the Yesbets free bet calculator. But go back to what we said right at the start of this post. Do you realistically have the time to do that, or would it be much easier if Yesbets does it for you?

If we want access to the rest of the offers, the highest possible odds and best returns from the Yesbets OddsMatcher, we have to sign-up to a Yesbets Premium account. This costs £14.99 per month or £149.99 per year. But if we complete two matched bet offers per month, this pays for itself and leaves us in profit. If we complete one offer per day - or more - we can create an enterprise to supplement our income with no set limits and boldly go where thousands of people have gone before.