My First Week Matched Betting

This post contains an affiliate link. This means if you buy something after clicking one of my links, I may receive a commission - at no extra cost to you. Thankyou for supporting The Skint Millennial.

Matched Betting. A term used a lot in the budgeting/debt free communities here on the internet. I'd never heard of it before until I heard someone discuss it in a video. At first I was skeptical, and even at the end of my first week - I'm still getting used to it.

Matched Betting is a way of making a profit off your bets, by making use of the free sign up offers and reload offers set by the bookies. For every event you bet on, you place one bet for the outcome to be a win. The other bet is against (the 'lay bet') the outcome (draw/lose).

For example, if Manchester United and Chelsea were playing. You could bet that M.United would win the game, and then place a lay bet on another website for them to draw or lose. This way you're going to make a profit whatever the outcome.

Despite the name, Matched Betting isn't gambling. It isn't risk free, but it is low risk if you follow the correct steps.

So how have I found my first week matched betting?

I was confused. Very confused. So much confusion. So many questions. Will this work? Will I lose money? Have I done this right?

At the time of writing this post, I have placed 3 bets. Two being my starter bets, the third being a bet using my free bets from BetFred.

I've used Profit Accumulator to help me whilst I'm starting up with matched betting. When you sign up, they will walk you through placing your first two bets. And if you follow these steps correctly, you're guaranteed to make money.

Be warned - You will need to cough up a little money up front. So far I've spent £50 on matched betting. But once I'm established and have all of my sign up offers - I should make this money back easily.

So when it was time to place my first bets on Coral - I made a mistake. I watched the walk through on Profit Accumulator, but didn't realize you cannot deposit your first bit of cash onto Coral using Paypal. I did, and I missed out on £30's worth of free bets.

This didn't cost me financially, as I'd covered both outcomes of the football match. But it did mean I've missed out on making any profit, as I cannot use the free bets Coral were offering me.

Lesson learnt - DO NOT DEPOSIT CASH WITH PAYPAL!!!!!!!

Now I'd learnt my lesson, I moved on to BedFred. This time I was very cautious not to lose another £30's worth of free bets, so I made sure I deposited my money with my debit card.

My sign up offer was bet £10, get £30's worth of free bets. So I placed £10 on Japan to win against Paraguay. I then placed my lay bet on Betfair, £15.76.

The outcome of the match meant I won on Bet Fred, so I won my initial stake back and a bit more (£15), and my free bets.
On Betfair I lost, so I technically "lost" £15.76. But I broke even due to winning £15 on Bet Fred.

Now I was able to use my free £30 to make a bit of profit, and placed a further bet. All of the winnings from this bet would be 'profit'.

It's recommended whilst you're still new to matched betting and getting started that you join a website made for matched betting. A site with information explaining everything you could need, calculators, oddsmatchers and more.

For this I carried on using Profit Accumulator. The great thing about Profit Accumulator is when you join, the first three days are only £1, so  you can check it's the right website for you. Even after then if you're not so sure - after 30 days you can get a full refund.

Profit Accumulator is £17.99 p/month or £150 for a year. With either of these deals, you can make your money back pretty quickly.

And that's been my first week Matched Betting! Tonight I plan on placing a few more bets, to help bump up my profits.

In a few weeks time I'll be doing a Matched Betting income report post to see how much money I've managed to make!

This post contains an affiliate link. This means if you buy something after clicking one of my links, I may receive a commission - at no extra cost to you. Thankyou for supporting The Skint Millennial.

Matched Betting. A term used a lot in the budgeting/debt free communities here on the internet. I'd never heard of it before until I heard someone discuss it in a video. At first I was skeptical, and even at the end of my first week - I'm still getting used to it.

Matched Betting is a way of making a profit off your bets, by making use of the free sign up offers and reload offers set by the bookies. For every event you bet on, you place one bet for the outcome to be a win. The other bet is against (the 'lay bet') the outcome (draw/lose).

For example, if Manchester United and Chelsea were playing. You could bet that M.United would win the game, and then place a lay bet on another website for them to draw or lose. This way you're going to make a profit whatever the outcome.

Despite the name, Matched Betting isn't gambling. It isn't risk free, but it is low risk if you follow the correct steps.

So how have I found my first week matched betting?

I was confused. Very confused. So much confusion. So many questions. Will this work? Will I lose money? Have I done this right?

At the time of writing this post, I have placed 3 bets. Two being my starter bets, the third being a bet using my free bets from BetFred.

I've used Profit Accumulator to help me whilst I'm starting up with matched betting. When you sign up, they will walk you through placing your first two bets. And if you follow these steps correctly, you're guaranteed to make money.

Be warned - You will need to cough up a little money up front. So far I've spent £50 on matched betting. But once I'm established and have all of my sign up offers - I should make this money back easily.

So when it was time to place my first bets on Coral - I made a mistake. I watched the walk through on Profit Accumulator, but didn't realize you cannot deposit your first bit of cash onto Coral using Paypal. I did, and I missed out on £30's worth of free bets.

This didn't cost me financially, as I'd covered both outcomes of the football match. But it did mean I've missed out on making any profit, as I cannot use the free bets Coral were offering me.

Lesson learnt - DO NOT DEPOSIT CASH WITH PAYPAL!!!!!!!

Now I'd learnt my lesson, I moved on to BedFred. This time I was very cautious not to lose another £30's worth of free bets, so I made sure I deposited my money with my debit card.

My sign up offer was bet £10, get £30's worth of free bets. So I placed £10 on Japan to win against Paraguay. I then placed my lay bet on Betfair, £15.76.

The outcome of the match meant I won on Bet Fred, so I won my initial stake back and a bit more (£15), and my free bets.
On Betfair I lost, so I technically "lost" £15.76. But I broke even due to winning £15 on Bet Fred.

Now I was able to use my free £30 to make a bit of profit, and placed a further bet. All of the winnings from this bet would be 'profit'.

It's recommended whilst you're still new to matched betting and getting started that you join a website made for matched betting. A site with information explaining everything you could need, calculators, oddsmatchers and more.

For this I carried on using Profit Accumulator. The great thing about Profit Accumulator is when you join, the first three days are only £1, so  you can check it's the right website for you. Even after then if you're not so sure - after 30 days you can get a full refund.

Profit Accumulator is £17.99 p/month or £150 for a year. With either of these deals, you can make your money back pretty quickly.

And that's been my first week Matched Betting! Tonight I plan on placing a few more bets, to help bump up my profits.

In a few weeks time I'll be doing a Matched Betting income report post to see how much money I've managed to make!