Frequently asked questions.
ProfitHawk is supported by its audience. When you buy through links on our site, we may earn an affiliate commission. Learn more
What is matched betting?
Matched betting (also known as back bet matching, lay bet matching or double betting) is a betting technique used by individuals to profit from the free bets and incentives offered by bookmakers. It is generally considered risk-free as it is based on the application of a mathematical equation rather than chance.
Matched betting is a method of turning free bets offered by online bookmakers into real cash. Do this by covering all of the potential outcomes of a sporting event by placing multiple bets. By doing this, you can make a profit each time because it no longer matters which team won the sporting event.
If you prefer to learn by doing - sign up for your free trial and you'll earn over £40 from the first few offers. No card details needed and no obligation to purchase. This one's on us.
Can anyone start Matched Betting?
Not quite everybody! But if you live in the United Kingdom, have a UK bank account and are 18 or over, then you have met all the requirements needed to start Matched Betting. Doesn’t matter if you’ve lived here a day, a week or a year – as long as you are old enough and have a UK bank account there is nothing stopping you from making risk-free profit through Matched Betting.
It sounds too good to be true. Is it a scam or worse, illegal?
No. Matched betting is 100% legal and is recognised as the most effective way of making money online. It's been featured in many national publications (Guardian, Telegraph and Calvin Ayre). Better still, the money you earn is tax-free. The reality is that if you invest the time to learn, you will make money. It really does work.
Do I need to know about sports or betting?
No. You don't need any knowledge of sports or betting to do matched betting. ProfitAccumulator have step-by-step video instructions on all the offers which if you follow, you will make money. The outcome of the event is irrelevant, so any prior knowledge of sports is not needed.
Matched betting itself is one of the safest and easiest ways of making money online, the amount you can profit compared with the time spent doing it also means you can earn an average hourly wage much higher than the national minimum wage.
How much can I earn?
Earnings vary depending on how much time you put in. The signups offers are very profitable, and after that you move onto the reload offers. These are offers that bookmakers give out to retain customers. They have £300 and £1000 a month threads on their forum that are updated daily which you can follow.
How much money do I need to start Matched Betting?
That’s a very good question that is very hard to answer. It is true that if you start with a large ‘bank’ you will be able to take advantage of many more offers at the same time and therefore make more profit. At the same time, you can start with as little as £20. Starting with such a small balance will only mean that things start a little bit slower, and your profit might progressively be slightly less than somebody starting off with £200.
How long does it take?
One of the good things about matched betting is that you can do it in your own time. The more time you put in, the more offers you can do and the more money you will make. On average, for the £300 a month thread for example, members spend about 5 hours a week matched betting. That works out at £15 per hour. (Tax Free)
What if I'm already signed up to some bookmakers?
There are over 70 registered bookmakers in the UK, so you probably haven't signed up to all of them. Even so, after the signup offers bookmakers give out reload offers to retain customers, and they have step-by-step easy to understand video instructions for each offer.
What is the difference between backing and laying?
A back bet is placed with a bookmaker on something to happen. A lay bet is the opposing bet made on something not to happen and is placed with a betting exchange.
How can I make money from matched betting?
Bookmakers give money away in the form of bonuses and free bets. Basically, matched betting involves placing multiple bets to trigger these offers. One back bet is placed (e.g. for Team A to win) and then one lay bet is placed at a betting exchange, but for the opposite result (e.g. Team A not to win). Regardless of the outcome of the event, the value of the free bet is unlocked.
Matched betting (also known as back or lay bet matching, arb betting, or double betting) is a betting technique used by individuals to profit from the free bets and incentives offered by bookmakers. It is generally considered a risk-free bet as it is based on the application of a mathematical equation rather than chance. A typical return for a matched bet where the stake is returned is 85%+ of the free bet offer amount, and 70%+ where the stake is not returned. So for example, if you see an advert for a bookmaker and they are giving away a £10 free bet - on average, using the techniques that we can teach you (and with the help of our software, video guides and forum support), you will be able to 'unlock' £7 of that free bet as profit. That's real money that you can withdraw and spend on whatever you like.
Basically, matched betting involves placing multiple bets to trigger these offers. The reason multiple bets are needed is to reduce the risk on your part.
For example, let's say a bookmaker is giving away £10 if you bet £10 on tennis. If the odds are right, it would be possible to bet on Player A to win and bet against (or lay) Player A with a betting exchange.
This would mean your original £10 is returned and you get your £10 bonus from the first bookmaker. You then repeat the matching process (one bet at the bookmaker, and equivalent but opposite lay bet at the betting exchange) with your free bet amount.
Some of the bonuses offered by bookies are for new customers only. However, it is also possible to keep the profit coming in as bookmakers provide regular offers to incentivise existing customers. These are known as reload offers and are what makes matched betting viable, long-term.
If you have any more questions then contact us:
theprofithawk@gmail.com