Matched betting
I want to start with this one because it’s possibly the only way to make money online that is exclusive to us in the UK!

If you haven’t heard of matched betting before, don’t panic – despite the name, it’s not gambling.

Matched betting is a legal and tax-free way to make extra cash from home by learning how to use the bookies’ free bets.

It sounds too good to be true, and to be honest it did take me a while to get my head around it, but it quickly became one of my favourite side hustles!

In a nutshell, matched betting works because you always place two bets: one for a specific result, and one against that result.

You use online calculators which tell you exactly how much to bet and where.

Since you’re placing these two calculated bets at the same time, they cancel each other out, so you don’t lose money.

Then, when you add free bets into the equation, you make profit every time.

It takes a while to learn, but once it clicks, it seriously feels like you’ve just turned on the free money tap!

I use the matched betting service Outplayed which lets me know about the new offers and has those handy online calculators I mentioned. You can make up to £40 with a free trial on their website.
The money I made matched betting has been life-changing for me, and I truly believe it’s one of the best ways to earn money online UK residents have available to us.

Oh, and because the money technically counts as ‘gambling wins’, you don’t have to declare it or pay tax on it in the UK! (Proof from HMRC.)

If you want to know more about matched betting, you can see my other posts here:

Matched Betting for Dummies: Your Questions Answered!
How to Make Money Betting Online – WITHOUT Gambling
My First Month of Matched Betting
Side Hustle Milestone: My First £1,000 From Matched Betting
Thinking of Starting Matched Betting? Here’s What You Need to Know
Matched Betting – The Best Work From Home Job for Busy Parents
How much can you make matched betting?
When I was matched betting regularly, I was easily making around £200-£300 a month in just a few hours each week matched betting.

In my best month, I made nearly £600. The more time you spend, the more you can earn.

(Full disclosure: I put my own matched betting on hold recently when I was preparing to apply for a mortgage because I didn’t want betting transactions on my bank statements. Something to keep in mind.)

There are always lots of offers available, and to some extent it is seasonal. For example, you can really cash in during the big horse racing festivals like Cheltenham!

On the Outplayed (previously Profit Accumulator) forums I have seen some serious matched betters who claim to make up to £2,000 each month, although I think these are exceptional cases.

However, it’s pretty achievable to make around £200 a month in a few hours here and there, even around a day job.

10 Days To An Extra £100: My FREE Money Making Challenge!
Subscribe to Boost My Budget and you’ll also get access to my exclusive 10 day money making course – you could make over £100 by the end of the challenge!

Outplayed is an invaluable resource for me and I would not try matched betting without it.

As well as step-by-step training and customer support, it gives you access to the calculators and software needed to show you exactly how much to bet in each place so you don’t lose money.

And it also has a match finder tool that saves you hours comparing the odds across different websites.

Free trial

Outplayed membership is only available to residents of the UK and Ireland, and you must be 18 or over.

Please note that although matched betting is not gambling, it does involve using betting websites so it is not recommended for anyone who has a history of gambling problems or addiction.

If you need support with gambling, please contact Gamcare for free.

 

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Posted on: December 21, 2023, by : Gordon McQue