Another potential online revenue stream that I’m going to be checking out of the next few months is Matched Betting. Over the next few months I’m going to be writing a series of articles explaining how you can become a matched betting expert.
At this point of time I know pretty much nothing about matched betting, in fact, I’ve just looked on Wikipedia for the definition, which is listed as:
“Matched betting (also known as back or lay bet matching, or doublebetting) is a betting technique used by individuals to profit from the freebets and incentives offered by bookmakers. It is generally considered risk-free as it is based on the application of a mathematical equation rather than chance.”
There are lots of blogs and websites out there making grand claims of making £500 to £1000 a month profit with little or no work involved, so I’m going to dive deep into this subject and give you a blow by blow account of my experiences.
At the end of each month I’ll give you a report of:
- The details of my earnings to date
- A list of offers that I have undertaken
- Links to free bets
- Matched betting tips and advice
From what I know, this is not related to gambling, but is focused on pure mathematics, by comparing odds at different bookmakers, which then enable you to extract money from the free bets that are given out.
To be clear, I have no interest in wasting my time gambling, but if the potential profits from matched betting are as good as claimed then this will go a long way to meeting my total goal of £2000 of a month online income stream.