Matched betting is an interesting way to take advantage of bookies’ promotions, promising ‘risk-free’ profits. At first glance, it might seem complicated, and it’s understandable why some people question if it’s worth the effort.
Over the years, matched betting has become less profitable as more people have caught on, making it harder to exploit. However, even though it may not be as lucrative as before, it can still bring in hundreds or even thousands of pounds, completely tax-free!
So, is matched betting worth it in 2023? Absolutely! Despite the challenges and changes in the landscape, it remains one of the best side hustles for those willing to put in the effort.
Let’s explore why matched betting is still a good idea in 2023.
Is matched betting a waste of time? Not really. Average hourly earnings from matched betting range from £10 to £30 per hour (tax-free), which isn’t bad at all. Sure, if you’re new to sports or betting, it can seem a bit daunting at first. But you don’t need to be a sports expert to succeed.
When I started, I knew nothing about betting or sports. I signed up with Outplayed (formerly Profit Accumulator) and followed their step-by-step video tutorials. Everything made sense after that, and I made around £12 for about half an hour’s work on my first bet. The money was in my bank account, so it was hard to argue with the results!
Outplayed offers a guarantee of up to £250 in earnings with a paid membership, and you can earn up to £40 with a free trial. Since matched betting is tax-free, £200 from matched betting is equivalent to £250 in your paycheck before tax. This makes it worthwhile for me.
Matched betting is also great if you want a side hustle without the hassle of registering with HMRC and filing a tax return. The money counts as gambling wins, so you don’t have to declare it or pay tax.
Is matched betting still worth it in 2023? Yes, definitely! While it’s true that the offers aren’t as lucrative as they used to be, you can still make money. Bookmakers have become savvier, and the offers have evolved, making it harder to earn as much as before. But matched betting still works.
It offers flexibility and the ability to work from home or anywhere with an internet connection. It’s a great way to generate extra funds for savings, paying off debt, or treating yourself. Just treat it as a side hustle, not your main income source.
So, how much can you make in 2023? If you can spare 30 to 60 minutes most days, you could reasonably aim for around £200 per month. If you delve into advanced techniques like Extra Places, Price Boosts, and 2-Ups, you could potentially earn £400 to £500 or more per month. It requires extra learning and practice, but the payoff can be worth it.
Remember, these figures are just rough guides, and there’s no guaranteed income in matched betting.
Has matched betting got harder? Unfortunately, yes. Since 2016, bookmakers have become quicker to restrict accounts, and the offers aren’t as generous. It used to be common to see £20 or £50 free bet offers, but now £5 offers are more typical. You’ll also find it harder over time as you get restricted by multiple bookies and need to learn advanced strategies.
But don’t lose hope! Profit is still there to be made. It’s about adjusting your expectations and adapting to changes. Even if you don’t want to learn advanced techniques, you could still make an easy £600ish tax-free from sign-ups over a month or two.
So, is matched betting worth it? In conclusion, yes, it is still worth it in 2023, but with some caveats. While it has become harder to make money, it can still bring in extra cash. You can expect to earn around £10 to £30 per hour, tax-free. By adjusting your expectations and learning advanced strategies, you can still make a profit.
If you’re looking for a legitimate way to earn money from home, matched betting is worth a shot. Just treat it as a part-time gig and not your main income. With the right mindset and dedication, you can still enjoy the benefits of matched betting in 2023. If you haven’t started yet, Outplayed.com offers a 30-day money-back guarantee and a 7-day free trial to test their service.