I often suggest matched betting as one of the top ways to earn money online in the UK. With the Coronavirus pandemic, many of us are looking for extra cash more than ever. But with sports being canceled, you might think matched betting is not an option anymore. While it has slowed down, there are still ways to profit.
If you’re into matched betting or thinking about starting, here’s what you need to know during the Coronavirus period.
### What is Matched Betting?
If you’re new to matched betting, it’s not gambling. It’s based on calculations, so you won’t lose money if done correctly. Matched betting involves using the bookies’ free bet offers to make a profit. You use two different betting sites to cover all possible outcomes of a bet, allowing you to extract profit from the free bet offers. Plus, it’s tax-free because it’s considered gambling winnings, which aren’t taxable. You don’t need to register as self-employed or declare these earnings.
I use a matched betting site that gathers all the best deals and guides you through the process, which I highly recommend to save time and minimize mistakes.
### How to Do Matched Betting Without Sports?
With football and other sports off, matched betting options are limited but still available. Here are some ways to continue:
#### Casino Offers
The main way to profit now is through casino offers. Most bookies have casino sections with ongoing offers, and they might increase these with sports being off. While not technically matched betting, as you can’t apply the same calculations, there are still risk-free and low-risk offers like free spins on slots. These offers give you a good chance of winning big. I’ve personally enjoyed the slots and had wins between £200 and £700. There are also free bingo cards and chips for games like roulette, but check if they’re risk-free before signing up.
Outplayed.com, the matched betting site I use, lists all the casino sign-up offers and reload offers under their ‘diamond membership’. They categorize them into risk-free, low-risk, and medium-risk offers and provide training videos to help you. Remember, although many offers are risk-free, you can lose money if you don’t stop after using the free credit. Avoid matched betting or casino offers if you have a history of addiction or gambling issues.
#### Cashback Sites
For extra profit, sign up for new casino/bookmaker sites through cashback sites like TopCashback and Quidco. These sites offer free cash for signing up through their links. Be sure to read the terms and conditions, as some require you to wager a certain amount before qualifying for cashback.
#### International Sports
While UK sports and European football are off, some international sports like Irish and US horse racing, Turkish and Russian leagues, South American football, and Australian sports are still on. However, these could be canceled as the pandemic spreads. If you’re new to matched betting, avoid these as they can be tricky. Experienced bettors can continue as long as some sports are available and bookies are running offers.
#### E-sports
Some bookies offer e-sports and virtual sports with special offers. Although I haven’t tried e-sports, they remain unaffected, and bookmakers might increase offers to attract customers. Now might be a good time to explore making money with e-sports.
### Is Matched Betting Worth It Now?
Bookies still want to make money, so they’ll continue running offers. They might even increase special offers on e-sports and casinos to keep customers engaged. Things can change daily, so I’ll update this post if there are major changes.
#### If You’re Already Matched Betting:
If you’re an Outplayed member, they update their reloads section daily with the latest offers. Check the forums for tips and the latest situation. Keep an eye on the daily forum threads for available offers, try the casino sign-ups if you haven’t already, and see what you think.
#### If You’re New to Matched Betting:
Start with no-risk casino sign-up offers combined with cashback sites for quick profit. I recommend using Outplayed for guidance and reduced risk. They provide customer support and forums for additional help. If you go solo, be careful to read all the small print.
### Other Ways to Make Money Online
If matched betting isn’t working for you, there are other ways to make money online:
#### OhMyDosh!
OhMyDosh! pays you to take part in special offers online, with fast payouts, especially in the ‘lightning payouts’ section.
#### Cashback
Similar to OhMyDosh, but you must complete 15 offers before cashing out. It can take a few weeks, but you can make around £150.
#### Survey Sites
Paid online surveys are a quick and easy way to make money, though not as high-paying as matched betting. Here’s a roundup of the best paying survey sites.
#### More Ideas
Check out these posts for more ways to earn extra cash:
– How to Earn Extra Money in the UK: 75 Ways to Make Extra Cash
– How to Make Money Online: 50+ Money Making Ideas
– 13 Tried-and-Tested Ways to Make Money Online in the UK (Updated for 2020!)
– 12 Best Flexible Work From Home Jobs for Mums
– 38 Sure-Fire Ways to Make Money From Home
– How to Make Money Teaching English Online in the UK
Good luck, and feel free to share your experience with matched betting during this time.