July Profit: £1445.33
July was an extremely quiet month on the Matched Betting job and as a result gave my lowest profit for a long time. Football has ended and it seemed alot of the bookies were cutting back on offers in preparation for the start of the next season. Still, profit is profit and that’s still 100% tax free cash! I had a decent mix of casino and sports offers this month, remembering to check the Profit Accumulator daily offers list and taking advantage of any with reasonable wagering requirements.
In July I placed a total of £6,451.90 worth of bets giving a return on investment of 22.4%
Bets of specific note:
- £148 profit from a 150% casino bonus with only 2xWR
- ~£200 from a single Saturday’s C4 horses
- £50 profit from testing Each Way Sniper
- £49 profit from a ‘risk free £10’ casino offer
Again; another month of lots of little profits all added together. Even if an offer is only worth £4 profit, its still profit!
5 thoughts on “July Profit: £1445.33”
Hi Guy, I’ve been following you on your other blog and was very impressed with your matched betting income. So I’m here now too. I was adamant matched betting was not for me until I understood what it was. So thanks for that. I’m just starting out now. I’ve got a question. Is your current profit based only on accounts in your name or your fiancée is doing it as well? I was thinking if both my husband and I do it, it should double everything I make if we follow the same pattern?
Hello Nat, Congratulations on taking the first and most difficult step of even beginning matched betting.
My total profit is based upon helping my partner as well, minus the cost of the 3G dongle I need to use to keep our connections separate. In theory your profit should double however I’ve found that not to be the case as the workload also increases and you may begin to not bother with some of the more time-consuming offers. What it does do though is smooth out the variance. For instance with the horse 2nd place refunds you can back 2 different horses per race. This doubles your chances of hitting a refund but also doubles your qualifying bet losses. Overall this should make the same profit as if you both just backed the same horse every time but it helps provide a more consistent income rather than having large spikes, if that makes sense?
Make sure if you are helping anyone else out that you’re careful to use separate equipment and internet connections. You’ll also need to use a different registered address.. so we use my partner’s parent’s address for her accounts where she still has a bank card registered.
Thank you for such a detailed reply, Guy! That’s very helpful. I didn’t realise that it’s important to use different IP address, etc. Hope you continue to benefit from this for as long as you want. Looking forward to your future posts.
Many thanks,
Nat
Just signed up for PM and I must admit this is seeming WAAAAY more daunting than expected. I tried the PA trial and all was fine but the PM offers seem to have pretty limited upside and very strict requirements, especially wagering wise on casino offers. Do you have any advice for perhaps doing ‘less’ but just hitting the biggest offers? Maybe a better way to put it is, someone seeking ~£600 a month profit on a single account, would you have differing strategies?
PM is focused on experienced matched betters who have already completed the easy/medium signup offers and are looking to take more risk for higher potential reward.
If you’re looking to go fairly low risk; stick to the “bet x get y” offers that come up for large football matches, the “risk free” casino offers and the 2nd place refund + Bet365 C4 racing offer. All of these are very low risk and provide a good return.