#44 Matched Betting

About 3 months ago I came across a thing called 'Matched Betting'.

It's effectively an organised way to may money out of bookmakers by only using their promotions.

It's sold as "earn £1,500 a month tax free"... and so I suspect is ignored by a lot of people.

The reality...

Working in the industry I find it very easy to understand and actually quite enjoyable. Although it can be time-consuming.

Talking to friends I can see that the idea can be quite hard to grasp and not very fun.

How have I got on...

I started in October 2016. Had Nov, Dec and Jan as full months where I spent significant time on it.

In that period I have made a profit of £1,178.55.

Quite frankly it's brilliant.

At first their are sign-up offers and the money is easy.

Then once these have been completed it gets far more complicated. I estimate about £1000 can be made from the sign-ups alone.

Next steps...

My wife is going to go through the sign ups, with my help and I will track the earnings in my monthly update, which I will now include all earnings as well as spending.

To continue to earn money post the sign-up deals I believe I'll need about £1,500 as my float.

Everything else is going to go to investments. On top of this I'm going to start a £50 per month standing order into a new, separate global index tracker fund.

If anyone else is interested in this here's an affiliate link to the company I use 'Odds Monkey': https://www.oddsmonkey.com/affiliates/affiliate.php?id=55068