Matched betting has become increasingly popular in recent years, which has made many people think about pursuing a full-time career. Some of the things that really catch an eye when it comes to full-time matched betting are that it’s risk-free, it requires fewer working hours than traditional jobs, and it can be done from the comfort of your own home. However, there are still some things that need to be considered especially if you’re new to matched betting before you dive into it full time. Here’s how to successfully do full-time matched betting, and all the information you’ll ever need. BetStarters Sportsbook can be integrated into an existing sports betting platform and software or can be offered as a standalone sportsbook product if you are an operator.
What is Matched Betting
Matched betting also goes by the name bet matching, lay bet matching, or double betting and it essentially is a betting technique that’s used to profit from the incentives and the free bets offered by bookmakers. It’s generally a risk-free technique because it is based on applying mathematical equations as opposed to chance. Matched betting turns free bets which online bookmakers offer into real money.
Matched betting should be done by covering all the potential outcomes of a sporting event simply by placing multiple bets. This ensures you can make a profit every time because it won’t matter which team won the sporting event, as you’ve bet on everyone. To put it in simple terms, you place bets on both outcomes so you are guaranteed a win.
Be Realistic about the Salary
As can be seen in many news stories from reputable sources such as this website, if you plan on doing full-time matched betting successfully, one of the first things you should get out of the way are your salary expectations. You should think long and hard about how much you are planning to earn. A profit of £1,000 each month (tax-free) is considered highly achievable for most full-time matched bettors.
In this instance, a monthly profit higher than £1,500 (also tax-free) is also achievable in good months. However, you should have in mind that these are just hypothetical examples and the salary can significantly vary especially if you’re just starting. As a rule of thumb, the more experience you have, the chances are your salary will be higher too.
Join a Matched Betting Community
When it comes down to full-time matched betting, you should consider some of the key things. Firstly, as we’ve mentioned early on, you should think about your salary amount, and right afterward you should join a matched betting community as well as your bankroll. This is extremely important, if not completely necessary if you want to become a full-time match better.
If you’re first starting out, or you’re looking for a monthly subscription service that offers detailed instructions, this Profit Accumulator review can guide you on how to pick a service which will help you make as much monthly profit as possible. Don’t take an easy way out by going after a free monthly service, as they don’t come with the proper instructions and support that can help you achieve the biggest monthly income possible.
Your Bankroll Is Essential
In addition to salary, another very important thing you should concern yourself with, if not essential, is your bankroll. The bankroll is the money that you plan on investing in matched betting, and is not to be mistaken with all of the money that’s in your bank as you’re the sole decision-maker when it comes down to how much you want to invest.
It’s often recommended that you should use a separate bank account for matched betting which will help you be more organized, but it’s not essential that you do this. An additional bank account can also be useful if you have many outgoing payments each month like direct debits, mortgage payments, or rent. If you’re after a full-time income, a sum of around £5,000 ballpark is an absolute minimum.
How Much Time is Required
Doing full-time matched betting might suggest you will have the same 9-5 working hours as many traditional jobs do. And as we all know, these eight hours of work don’t include the time spent commuting to work and back. However, this can’t be further from the truth as the average working hours of a full-time better is around three hours a day.
You should have in mind that this average of 3 hours only applies to the matched betters who have achieved a “comfortable” stride. If you’re starting, expect to spend more hours per day, but have in mind that this can quickly decrease to fewer working hours if you make quick progress. In addition to this, you should have in mind that most full-time matched betters also work on weekends.
What Are the Risks
In theory, there is no risk involved because you are covering yourself by betting both for and against the same event, and anyone can learn how to do full-time matched betting. However, there are still some risks that can come when you make mistakes which is why you need to make sure to double-check everything you do while you are betting.
On some rare occasions, free bets might not always come through at the very instant, which can be quite frustrating if you were going after a specific sum each month. However, these instances rarely occur, and they can’t be considered a risk in terms of losing money. The bottom line is you should double-check everything you do, and all the bets you make to ensure you don’t make any mistakes.
Full-time matched betting has plenty of benefits as opposed to a more traditional job. It has shorter working hours, it doesn’t require commuting to work, and it is almost entirely risk-free. If you take time to consider your salary, bankroll as well as the potential risks and the time it takes to perfect your craft, matched betting is a great choice but only if you use the right monthly subscription services. These will offer thorough inside and tips into how to earn the most money you possibly can on a monthly basis while working the least amount of hours.