Is Matched Betting Worth Doing In 2020?

If you’d like to make money from home in 2020 from the comfort of your sofa, matched betting can be a smart way of doing just that.

Matched betting has long been a profitable way to make money online, but many people assume it’s too good to be true. After all, if matched betting really is so good, why doesn’t everyone do it?

When people do believe the hype, they often assume it’s just a matter of time before matched betting is banned by bookmakers. So what’s the truth? Is matched betting worth it in 2020? Has that ship sailed? Can you still make money from matched betting or is it not worth doing anymore?

You might also like: 7 Days Of Matched Betting: One Big Scam Or A Clever Side Hustle?

Is matched betting still worth it in 2020?

It’s true that matched betting isn’t quite as profitable as it once was, but there’s still decent money to be made. If you ask me, matched betting is definitely still worth it in 2020.

There once was a time when people were making £2,000 to £3,000 a month from it. I’m seeing fewer people reporting such figures and it seems like £800-£1,500 is much more common now. However, these certainly aren’t figures to turn your nose up at - especially considering matched betting income is tax-free so all that money is yours to keep.

Matched betting will be more profitable for those with a bit of money to start with. If you only have £20 in your bank account right now, it’ll take you a lot longer than someone who can set £250 of their income aside for matched betting. This is because you’ll need to put your own money into your betting accounts to begin with. Once you’ve had a few wins and have been able to withdraw this money, you can start betting your matched betting profits instead of cash you’ve earned in your day job, for example.

Eager to get started with matched betting? Create your free Profit Accumulator account and you could make up to £45 from your first two free bets. If you enjoy the process and you’re happy with your winnings, upgrade to a paid account to continue making money.

Why are some people making less money matched betting than they used to?

Sign up offers aren’t as common as they used to be

The main reason matched betting profits aren’t necessarily as good as they used to be is that high value sign up offers and large free bets are less readily available.

A few years ago, £50 free bets and £100 sign-up offers were very common. But now, free bets and sign-up offers are usually in the region of £10-£30.

Not only are these offers worth less than they used to be, there aren’t as many available either.

However, I don’t think these betting companies can go much lower when it comes to offering free bets to entice new customers. After all, I can’t see a £1 free bet attracting many new customers.

Your account may get ‘gubbed’ if companies suspect you’re matched betting

While many gambling companies turn the other way and invest little time in identifying matched betters, others are cracking down on accounts they suspect have only been created to make the most of free bets.

If a gambling company has reason to suspect you’re a matched bettor (if you’re only placing bets to either qualify for a free bet or place a free bet) they may ‘gub’ you. If you get ‘gubbed’ this means your account is blocked and you can no longer place bets with this particular company.

Thankfully, there are ways to prevent your account getting gubbed. One of the most popular is to place the occasional mug bet. A mug bet is a bet you place at a bookmaker that’s sole purpose is to make you look like an ordinary gambler. This means the bet is neither a free bet or a bet that’ll earn you a free bet.

How long will matched betting last?

If you’re wondering how long will matched bettors be able to make a ‘good level’ of income via the bookies, I’m afraid it’s difficult to say.

Many matched betting experts believe that the only way matched betting will ever end is if free bets and other promotions were made illegal or if all bookmakers stopped offering them.

It’s extremely unlikely that bookies will stop free bets themselves because free bets often lure new customers in. However, I’m not ruling out the idea that free bets might one day become illegal.

How easy is matched betting?

I found matched betting much easier than I thought I would. I say this as someone who’s never really been interested in betting before and never really understood how it worked. Before I started matched betting in 2017, I’d only ever betted once. That was back in 2010 (I think) when I placed an accumulator just because my housemates were doing the same and I wanted to be oNe oF tHe lAdS. Cringe.

When I first started matched betting, I kept track of everything I did and shared it in the post 7 Days Of Matched Betting: One Big Scam Or A Clever Side Hustle?

How do I start matched betting?

Personally, I’d recommend creating a Profit Accumulator account. I wouldn’t have made any money matched betting if it wasn’t for Profit Accumulator because I wouldn’t have had the first idea what to do. PA has a selection of really helpful tutorial videos that show you step-by-step exactly how to follow the matched betting process and make the most of this clever side hustle. Here’s the CEO of Profit Accumulator quickly explaining how it works.

Please note that this post contains affiliate links. This means that if you make a purchase after clicking one of the links in this post, I might make a small commission at no extra cost to you.