This is it… the final and sixth month of my matched betting log! This month’s profit has been the best yet coming in at £705.
May’s breakdown is as follows –
- Sign up offers – £135
- Bonus offers or “reloads” – £273
- Accumulators – £42
- Horse Racing Each Way matches – £24
- Casino offers – £240
- Mug Bets – –£9
After six months my overall profit has increased to £3,673. That works out at an average of £408 per month for approximately 30 minutes each day.
So what are my final thoughts?
Advantages of matched betting –
- tax free
- low risk – just don’t mess up placing your bets!
- can be done anywhere – even from your smartphone, although I prefer to do it from my laptop
Lessons learned –
- it’s easy to do, even for a non-sports fan like myself
- learn to trust football accumulators
- the whole process can be slightly tedious, placing bets, tracking them etc… but the profits make up for it! 🙂
The downside? Well, for me I’m interested in maximising or “leveraging” my time for the most profit (and enjoyment). Matched betting is not passive income – it requires a reasonable amount of time investment. The positive is that profit is roughly related to the amount time spent matched betting. Based on my experience if you have a spare 30 minutes a day that’s plenty to provide a monthly income of £400-500+.
Personally, another way I think about this is as “opportunity cost”. Instead of spending my time on matched betting could I be spending it on other more profitable ventures? I’m going to continue matched betting as I still think there’s lots of profit to be had.
Many people find their own “style” of matched betting that they’re most comfortable with, be that focusing on horse racing, football accumulators etc. This month I’ve just started to exploit casino offers, strictly speaking this isn’t matched betting but this should be a worthwhile addition to my arsenal.
Even though this is my last monthly log I’ll continue to share my matched betting tips, tricks and general thoughts.
You can see my previous matched betting income reports below –
I’d highly recommend using one of the services mentioned above. Personally I use OddsMonkey and have found it easy to use even for someone such as myself who doesn’t have much experience in sports betting.
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