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Finding legitimate ways to earn money from home can feel like hunting for fish in a forest.
But every now and then, the dense forest thins out into a wide, open space.
A beautiful, lake shimmers before you, brimming with opportunity. There’s only one problem; you’re going to have to find a way to navigate that lake, catch your fish and fry them up for supper.
Genuine earning opportunities are much the same. You’ve got to learn to swim. You’ve got to learn to bait – and catch – your reward, especially if you want a decent reward.
There’s no such thing as a Get Rich Quick Scheme. You’re going to have to put the work in, learn the ropes, and adopt good work habits.
- Love watching your money grow? ✅
- Love working with numbers? ✅
- Work methodically? ✅
- Have a thing for spreadsheets? ✅
If yes, read on. There is a true, tried, and tested way of earning money that anyone can access. It’s not a scam. It’s done by stay-at-home mums and dads, full-time workers, part-time workers, students, and work-at-home parents. And once those people started, they wondered why they hadn’t discovered it sooner.
No Experience Necessary
(Please note that this is NOT employment, it is a legitimate way to make money on your own terms).
When it comes to job hunting or pitching, making even a little bit of progress (such as receiving an acknowledgment of your application) is a bit like asking your kids to tidy their toys away when there’s ice-cream on the table.
The ice cream is so much more attractive.
Not dissimilar to the appeal of the other applicants to a prospective employer.
You know, the other applicants who have higher qualifications than you, more experience than you, or just write a better application.
Occasionally, you’ll come across an opening that offers NO EXPERIENCE NECESSARY, only to discover it’s a telesales role selling sex toys.
Or, your heart sinks at yet another MLM opportunity, promising you a lavish and envious lifestyle, simply by posting to social media while you lounge by the pool.
So what else is there?
No Sex Toys, No Cold-Calling, No MLM
So, if it’s not one of the unattractive options mentioned above, what is it?
You’ve probably heard about Matched Betting, but what you perhaps haven’t heard is that it isn’t gambling, despite what it sounds like.
It’s actually just maths, and the right provider will hold your hand through the whole process to show you what you need to do. You don’t even need to know how to place a bet to start it, or having set foot in a betting shop.
(The only time I ever went into a betting shop was when I was 15 and job-hunting. My delight at finding a ‘Bookmaker’ where I could potentially spend my Saturdays earning money by selling books was swiftly replaced by confusion at seeing only TV screens and a few men drinking beer).
Disclaimer: Please note I am not advocating this as a way to replace your usual source of income, or as your main source of income. Whether you choose to do that or not is entirely up to you.
Earn Money From Home. It’s Legal, and it’s Safe.
Matched Betting is perfectly legal. It’s also perfectly safe, as long as:
a.) You have no history of gambling. While Matched Betting itself isn’t gambling, it does open up access to betting shops, slots, and other casino games. So if you do have a tendency for a little addictive flutter on the scratch cards, steer clear.
b.) You follow the training TO THE LETTER to avoid any mistakes. It’s the same as every other job or profession you’ve ever had to learn or train for. Skip anything, and you risk making mistakes. Learn the ropes as they show you, and you’ll do just fine.
What IS Matched Betting?
Quite simply, bookmakers give away free bets as a bonus to new customers.
You need to place a qualifying bet with a bookmaker (such as Coral).
As an example, you’d place a bet for Man U to WIN against Liverpool.
Then, to counteract your risk of loss (which is 50% likely!), you must place a lay bet with a betting exchange (such as Betfair).
Here is the difference. A LAY bet is a bet for Man U to NOT WIN against Liverpool. That can mean a draw or a win for Liverpool.
Once your qualifying bet has settled, you will receive your FREE bet, which is where you make your profit.
Again, you place your FREE bet with the bookmaker, and a lay bet with the exchange.
Your free bet will either win into the bookies, or into the exchange.
Deduct your minimal qualifying loss from your free bet, and that is your profit. If your free bet offer is £10, you can expect to make £7-£8 profit.
What Are the Benefits of Matched Betting?
Decent Earning Potential
Forget doing ten-minute surveys for 40p (which is only £2.40 per hour, IF you actually had 6 more surveys within the same hour).
After your free bet has settled, you’ll be looking at making a profit of about 70-80% of the value of your free bet. Once you get more confident and have a procedure in place, it will take you just a few minutes to place your bets.
It’s simple enough to earn £7.00-£8.00 from completing just one offer a day. You can make more profit, depending on the value of the free bet, and how many offers you complete on that day.
You can earn an average of £300 a month part-time, with the opportunity to earn up to £1,000.
Some matched bettors do this as a full-time job and make a pretty comfortable income from it. It is actually possible to earn money from home.
As any winnings earned from gambling are not taxable, profit earned from matched betting is therefore tax-free, which means you don’t need to declare it as an extra income.
You Can Choose Your Own Hours
Yes, you can choose your own hours, although regular matched bettors will recommend completing offers daily to maximise your earnings.
I used to do an hour a day, three times a week. I earned £200 one month just by following a process and being consistent with it.
The only problem I found with doing it just three days a week is that I would sometimes forget to place a free bet. It’s not the case all the time, but sometimes free bets expire. This means you don’t make back your money on your qualifying loss. It’s not a massive amount, but it’s annoying.
So I’d recommend a minimum of an hour a day. You can do as many hours as you want and complete as many offers as you are able, depending on the amount you have available in your matched betting ‘pot’.
Are There Any Disadvantages?
Yes, you need to have at least £60 to start, which you use to place your bets. The bigger the amount you have to begin with, the more offers that will be available to you. You make that money back (plus profit) once your bets have settled.
Also, as a betting account is a financial account, the bookmakers will carry out soft searches on your credit file when you open your account. In addition to this, you can’t class it as an income for a mortgage application. One to bear in mind if you’re looking to move house soon.
It is actually like having a job. You need to follow processes, update spreadsheets, and keep tabs on your progress.
But the buzz you get from extracting profit is the best. When I began, matched betting was one of my favourite ways to earn money. Now it’s writing, which takes up most of my time these days.
Do You Really Need to Be Good at Maths?
Not necessarily, but it helps. Even just for keeping track of your money, which you’ll be good at doing anyway if you practice budgeting regularly.
But, a good matched betting provider (like the one mentioned below) has an onboard profit tracker where you can keep track of your profit and loss.
Personally, I prefer to keep a spreadsheet as well for my own peace of mind, and to ensure I’ve not missed anything.
Try it For Free
If you love a numbers game and want to know more, you can sign up to Profit Accumulator and earn over £40 for free, by completing their trial offers.
The best part? There’s nothing to pay upfront, no need to enter any debit card details for the first payment, and they’ll tell you exactly what you need to do.
Full Training Provided
That’s right, you’ll have access to their top-quality training videos and guides, and you can watch and read them as many times as you like until you feel confident enough to place your first bet.
There’s no time limit on the free trial either. Then when you’ve completed your trial offers, you can decide whether to proceed with a full membership, which is £17.99 per month. Alternatively, you can pay for a year’s membership at £150 and save £60.88 compared to paying monthly.
You can more than make that money back in a month, so it’s worth it just for that.
And the profit tracker and odds-matching software to help you find favourable odds to place your bets.
Not to mention full access to the forum and all the hints and tips and support you get from the platinum access membership.
(This is an affiliate link which means that when you sign up and proceed with a paid membership, I will receive a small commission at no cost to you.
If you decide to sign up, I’d be massively grateful to you for using my affiliate link).