How can you make a full-time salary via Matched Betting?

As you already know, our aim is to give you, the everyday user,  the opportunity for making a second income online through matched betting. However, many of our users are going a level higher and asking the “ultimate” questions: How can you make a full-time salary via matched betting? Is it possible living only from matched betting? Is matched betting full time possible in 2020?

Well, to answer this question is a really tricky task and is really subjective because first you need to understand how much income you need to sustain your lifestyle and how much time are you willing to put in. However, we are going to share our experience with you and see if we can nail this question.

First, matched betting can be seen as a lifestyle choice because most of us are becoming matched bettors in their spare time instead of seeking a job to pay off their entire life expenses. Also, matched betting is increasingly popular with stay-at-home mothers and fathers who need a way to make money online easily whilst managing the difficult task of parenthood.

Now, what all these people have in common when they choose to make a living with matched betting: It’s incredibly easy and can be done by anyone. The income can be great and can be achieve in direct proportion with the time you put in.

“From 3 December 2019 until 10 February 2020, all new and existing customers will have the chance to earn a £10 risk-free bonus each week. All you have to do is place 5 bets of £10, or more, on Premier League matches (outright markets excluded) to receive £10 risk free the following week..T&Cs apply.”

[If you’re looking for ways to make money online easy and relatively fast but you don’t yet know what matched betting is, then we absolutely recommend you check out our Matched Betting Basics section.]

If you want to carry on reading this guide, we are going to make the assumption that you are familiar with the concept of matched betting and that you understand it’s entirely possible to make a living online with betting.

What are the “Salary” Expectations?

To answer this question, we need to ask ourselves, How much are you planning to earn from matched betting? You need to be realistic in the figures that you establish as your goal and needs to be based on the hours you put in. From our experience, we can estimated that an average of £1,000 profit (tax-free) each month is achievable for full-time matched bettors, with £1,500 – £2,000 average profit on good months.

DISCLAIMER: We’re legally required to state that there is no guarantee of specific results each month. The amount of money that you earn can vary dependant on the time and effort that you commit each month.

For example, you put in couple of hours each day and you get a healthy £1,500 monthly profit. This result is actually equivalent to a taxed salary of over £20,000/year. Not too bad for a couple of hours at a computer from home each day, right?

Moving to a higher level of profit, if you’re able to break that £2,000 profit margin each month, you’d earn a minimum of £24,000 in a year – which is the same as having a salary of over £30,000 in a regular job! So, depends only on you what are your financial goals from matched betting and how you can achieve them.

Is a Matched Betting Bankroll necessary?

One important thing that is essential for matched betting as a full-time income is your definitely your bankroll. A bankroll is the money that you will solely invest in matched betting, not all of the money that is in your bank. In fact, we’d recommend you actually use a separate bank account for matched betting; this will really help you become more organised and makes your life easier in terms of tracking your profits. However it isn’t essential. Please read our beginner guide for matched bettors and find out other tricks and tips in matched betting.

Ensuring you have more than enough money set aside to pay your bills is of course a fundamental part of ‘becoming a pro’. If you’re looking to earn a full-time income, you’re going to need an absolute minimum of around £4,500-£5,500 in your bankroll. Ideally, you’ll need to be on higher limit than that. We would suggest steadily building your matched betting profit over the course of a few months, before going full-time. With the profit you will gain the experience also, which is vital in becoming a pro.

NOTE: In most cases, a beginner will need only a £100 or so to start matched betting in the first place. You should easily turn this into thousands of pounds within just a few months if you put the adequate work in.

If you’re fortunate enough, probably you already have a few £1000’s spare then you will be able to make the bigger money instantly, as long as you put the work in and follow instructions carefully, although we’d still advise getting in slowly rather than diving in head first. It’s important to note that you will rarely need to use all of your bankroll in one go.

However, is important to have a big enough bankroll because in the eventuality of that you ‘win’ all your money out of your betting exchange into bookmaker’s accounts or vice versa, you’re going to need to be able to deposit extra funds when necessary whilst you wait for withdrawals to process. The withdrawal process typically takes 2-5 days with most bookmakers, just as it would for any refund from any shop.

Do you need a Schedule in Matched Betting?

Another important thing in order to make the most amount of money from matched betting, you’ll need to have a pretty good discipline in terms of schedule and time management. Let’s see how a everyday schedule looks like for a full time matched bettor:

NOTE: Trying to replicate someone else’s exact schedule will never work for you, so you’ll need to find a balance of what works for you and what’s not working .

Everyone has a different lifestyle, different commitments, different goals, so figuring out what works for you through trial and error is the essence of you going full-time. However, a common routine will sound something like this:

“From 3 December 2019 until 10 February 2020, all new and existing customers will have the chance to earn a £10 risk-free bonus each week. All you have to do is place 5 bets of £10, or more, on Premier League matches (outright markets excluded) to receive £10 risk free the following week..T&Cs apply.”

Mornings: look at any new offers for the day ahead . We would strongly recommend to exercise also in the morning so you can compensate for the future hours in front of a screen.

Afternoons: bet on the horses trying to earn refunds or free bets from these. Look into accumulators to place. Tennis is also a good sport that can often be matched bet on during the day. Take advantage of some casino offers and always try to use your free spin offers, no matter how tedious they can be (wagering 20x 30x). On quieter days, you can explore other betting strategies or even more ways “safer” ways to place your mug bets: a more calculated decision in picking your teams to be backed up as a mug bet.

Evenings: bet on the football, trying to earn refunds or free bets from these, lay off accumulator matches for the next day. Horse racing and greyhounds are also possibilities on some evenings, along with sports such as darts and snooker. Again, casino is always a possibility, there are also opportunities into bingo, poker tickets & trading.

Looking into a Weekend day: these will be your busiest days by far due to the most bookmakers are running their promotions during the high profile games on the weekends. This is where it becomes important to map out your day ahead: On Saturday and Sunday mornings, map out the best horse races for hitting refunds, also, plan the football promotions that you’ll definitely want to be betting on.

The more bets you can actually place earlier on in the day, the easier it will become later on. However, it’s not always possible to find profitable matches between the back and lay bets until closer to the event. That’s why, the more organised and disciplined you are, the more efficient you’ll be with finding, placing and tracking bets.

How to keep Account Restriction away?

Another important aspect of matched betting is to keep your accounts from not being closed or restricted. This is where the technique known as mug betting comes in place. Mug betting is what makes you look like a regular punter in the eyes of any bookmaker. Bookies are relatively happy for you to do matched betting, as long as you don’t take too much value from them by winning too often to much.

We’ve covered in more details what mug betting means in here. Also, if you want to receive our planned article for more advanced technique on how not to be gubbed use our contact page to subscribe on Everyday Betting Newsletter.

What Tools you’ll need for going full time bettor?

As you already know, matched betting can’t be done without a betting exchange tool, such as Betfair or Smarkets. You can signup for free using one of the buttons below.

It is definitely advisable to consider adding another tool or two to your arsenal, to make your everyday life easier. Profit Accumulator is a good tool and we recommend using it, but are other alternative tools also, such as Odds Monkey. Both tools are having their pros and cons and we really believe that is a matter of preference, but if you want to read more about them, click here. Another tool that we recommend is Profit Maximiser, and this is because they cover such an alternative area to Oddsmonkey. Profit Maximiser specialise in casino offers, meaning they’ll list a significantly higher list of offers in this area and they can be incredibly lucrative (although higher risk).

For finding other potentially valuable tools, you can check out the Featured Reviews section of our site. Also, here you can find reviews about all the tools we recommended above and what are the differences between them.

If you have any questions, suggestions about earning a full-time living online with matched betting, please don’t hesitate to drop us a comment below or using our contact page.

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