Matched Betting FAQs
Here are the most commonly asked questions about Matched Betting. If you need more info, or would like to ask a different question then please don’t hesitate to get in touch on [email protected] 😊
It’s the process of placing two bets – one back bet, one lay bet – to unlock a free bet from the bookies.
The back bet and lay bet effectively cancel each other out (one will always win and the other will always lose) – but you’ll receive a free bet from the bookmaker and that’s where the profit comes from.
Everyone’s case is different and so we can’t say how much you are guaranteed to make, or not to make. But if you look at the sign up offers list, you could make anywhere from £800 to £1000. This usually takes 2 months or so to get through, although if you start with more money you’ll be able to do it quicker (as you won’t be waiting for withdrawals from bookmakers as much!).
After this, you’ll be able to complete existing customer offers. Some months these could be worth a few hundred pounds, and other months they could be in the thousands – so the amount of money you can make varies. Profit Pilgrims aims to help you make at least £500 extra a month.
You can start Matched Betting with as a little as £10, however we recommend starting with £25 to complete your first offer comfortably.
If you have more money (for example £100+) then you will be able to profit quicker. This is because you can complete multiple offers at once, instead of completing one and waiting 2-3 working days for the money to arrive in your bank.
Matched Betting can be done by anybody living in the UK or Ireland who are 18+ years old.
It doesn’t matter whether you work full time, part time, live life as a student, are a parent full time, or whatever else. You can fit Matched Betting around your schedule to suit you, and Profit Pilgrims helps you do exactly that!
A back bet is when you place a bet with a bookmaker for something to win. You are backing an outcome.
You have likely placed back bets before if you’ve ever had a bet in your life – perhaps on the Football, or the Grand National.
A Lay bet is when you bet against something happening. This is the opposite to a back bet – and you have probably never placed one of these.
An example would be on a horse race. If you thought the horse Red Rum wasn’t going to win the Grand National, then you could bet on every single horse in the race apart from that horse. But that just sounds silly – so you can place a lay bet against the horse instead which does the same thing!
Most people can learn the basics of matched betting within a few hours. Our video guides aim to cut this down to have you placing your first bet within 30 minutes to an hour.
However, it may take some time to become more comfortable with the process and gain confidence. This is why we recommend starting with a smaller amount of money until you really grasp the concept.
No! Matched Betting within the UK and Ireland is completely tax free, as the earnings are considered to be gambling winnings.
If you are Matched Betting outside of the UK, then we recommend checking the laws in your specific country as it may well be taxable there.
Matched betting does require some time and effort, especially in the beginning when you’re learning the ropes. However, it can be done at your own pace and can easily fit around other commitments.
Most people learn Matched Betting in around 1-2 hours initially. Thereafter, a typical offer should take no more than 15 to 20 minutes to complete and you’ll find yourself earning anywhere from £10 to £50!
Yes, matched betting is completely legal. You are simply taking advantage of offers that bookmakers themselves promote.
The sign up offers are just the tip of the iceberg. Once you have completed these, you will move on to what we call “reload offers”.
These are offers that bookmakers will promote in order to keep you betting with them. It’s these reload offers that will help you to continually profit from the bookmakers month after month. At Profit Pilgrims, we collect the best reload offers and show you how to profit from them, step by step.
The technique of Matched Betting, when done correctly, is considered a risk-free technique by many people. You are covering all possible outcomes and so your money will always end up in one of your betting accounts. However, there are risks involved when Matched Betting meaning that we cannot advertise it as risk free, and you should be aware of these risks.
We have written an article about the risks of Matched Betting that you can find here. We’d recommend giving it a thorough read if you are worried about losing money Matched Betting.
No, you don’t need to know anything about sports to start matched betting. In fact, lots of our members have never placed a bet before in their life!
All you need is a basic understanding of how it works, which you will learn through our tutorials and guides.
The bookmakers will occasionally restrict accounts from people that are using just promotions. In the Matched Betting world, this is what we call a “gubbing”.
To be gubbed is a badge of honour for Matched Bettors – it mean’s you’ve successfully bashed the bookmaker and taken money from them.
We employ strategies to try and prevent gubbing where possible (by placing random bets occasionally). This helps prolong your accounts and profit from them for longer periods. The main thing about a gubbing or restriction though, is that your money is always safe! A bookmaker will never steal your money, they will simply just not let you bet anymore with them or restrict you to very small stakes.
Many people earn a full-time income from Matched Betting and have done so for a number of years. This however is not something we’d recommend.
At Profit Pilgrims, we believe that Matched Betting should be treated as extra income, a bonus if you will. Earnings each month can vary massively and so it’s not good to rely on it solely as a full time income.
Matched Betting can be done from most countries, however the guides and websites used on Profit Pilgrims are all regulated by the UK Gambling Commission and so may be unavailable to people outside of the UK and Ireland.
We have some handy links on our International Matched Betting page for those of you that are based outside of the UK and Ireland. Before you begin, we’d also recommend you check the local laws on gambling in your own country, as well as the tax laws as some countries do require you to pay tax on gambling winnings.
Yes, in most countries you must be 18 or over to participate in Matched Betting.
There is no set limit to how much you can earn from matched betting. However, the amount you can earn will depend on the amount of time and effort you put in, as well as the amount of money you have to begin with.
Realistically, most offers will have a ceiling. For example, if an offer is Bet £10 get £10, then the most you can receive is a £10 free bet. Some reload offers however will not have a limit, and you can place as many bets as you like to potentialy earn an uncapped amount of money.
No, it’s not necessary to have a separate bank account for matched betting. However, some people find it helpful for organization purposes.
You can find out about what banks we recommend, as well as what else you should prepare before starting in our Matched Betting checklist.
The laws around Matched Betting for a friend or family member is what we call a “grey area”. The bookmakers themselves only allow 1 account per person, and so controlling somebody else’s account means you are breaking their terms and conditions. There is also the legal side of things. Impersonating somebody for financial gain could be seen as fraud.
It is possible however to help a friend or family member Matched Bet themselves. There are plenty of partner friendly bookmakers out there that allow more than one person from a household to have an account and take up their offers.
To be clear – we do not endorse multi accounting and simply using somebody else’s account. However if somebody wants information on partner friendly bookies for their spouse, friend, or family member they are helping, then we would be sure to help.
Profit Pilgrims has a list of all of the top bookmakers that you can profit from. Every website that we have a guide for will have been tried and tested (unless otherwise stated), and they are all regulated by the UK Gambling Commission.
If you have found a bookmaker that you have questions about, then you can always drop us a message on [email protected] and we’ll check them out for you!
Yes, it’s possible to use matched betting techniques for casino offers. However, these types of offers may carry more risk and require more advanced knowledge of matched betting. We do not recommend anyone to even think about casino offers until at least a few months into their Matched Betting journey.
Matched Betting FAQs
Here are the most commonly asked questions about Matched Betting. If you need more info, or would like to ask a different question then please don’t hesitate to get in touch on [email protected] 😊
It’s the process of placing two bets – one back bet, one lay bet – to unlock a free bet from the bookies.
The back bet and lay bet effectively cancel each other out (one will always win and the other will always lose) – but you’ll receive a free bet from the bookmaker and that’s where the profit comes from.
Everyone’s case is different and so we can’t say how much you are guaranteed to make, or not to make. But if you look at the sign up offers list, you could make anywhere from £800 to £1000. This usually takes 2 months or so to get through, although if you start with more money you’ll be able to do it quicker (as you won’t be waiting for withdrawals from bookmakers as much!).
After this, you’ll be able to complete existing customer offers. Some months these could be worth a few hundred pounds, and other months they could be in the thousands – so the amount of money you can make varies. Profit Pilgrims aims to help you make at least £500 extra a month.
You can start Matched Betting with as a little as £10, however we recommend starting with £25 to complete your first offer comfortably.
If you have more money (for example £100+) then you will be able to profit quicker. This is because you can complete multiple offers at once, instead of completing one and waiting 2-3 working days for the money to arrive in your bank.
Matched Betting can be done by anybody living in the UK or Ireland who are 18+ years old.
It doesn’t matter whether you work full time, part time, live life as a student, are a parent full time, or whatever else. You can fit Matched Betting around your schedule to suit you, and Profit Pilgrims helps you do exactly that!
A back bet is when you place a bet with a bookmaker for something to win. You are backing an outcome.
You have likely placed back bets before if you’ve ever had a bet in your life – perhaps on the Football, or the Grand National.
A Lay bet is when you bet against something happening. This is the opposite to a back bet – and you have probably never placed one of these.
An example would be on a horse race. If you thought the horse Red Rum wasn’t going to win the Grand National, then you could bet on every single horse in the race apart from that horse. But that just sounds silly – so you can place a lay bet against the horse instead which does the same thing!
Most people can learn the basics of matched betting within a few hours. Our video guides aim to cut this down to have you placing your first bet within 30 minutes to an hour.
However, it may take some time to become more comfortable with the process and gain confidence. This is why we recommend starting with a smaller amount of money until you really grasp the concept.
No! Matched Betting within the UK and Ireland is completely tax free, as the earnings are considered to be gambling winnings.
If you are Matched Betting outside of the UK, then we recommend checking the laws in your specific country as it may well be taxable there.
Matched betting does require some time and effort, especially in the beginning when you’re learning the ropes. However, it can be done at your own pace and can easily fit around other commitments.
Most people learn Matched Betting in around 1-2 hours initially. Thereafter, a typical offer should take no more than 15 to 20 minutes to complete and you’ll find yourself earning anywhere from £10 to £50!
Yes, matched betting is completely legal. You are simply taking advantage of offers that bookmakers themselves promote.
The sign up offers are just the tip of the iceberg. Once you have completed these, you will move on to what we call “reload offers”.
These are offers that bookmakers will promote in order to keep you betting with them. It’s these reload offers that will help you to continually profit from the bookmakers month after month. At Profit Pilgrims, we collect the best reload offers and show you how to profit from them, step by step.
The technique of Matched Betting, when done correctly, is considered a risk-free technique by many people. You are covering all possible outcomes and so your money will always end up in one of your betting accounts. However, there are risks involved when Matched Betting meaning that we cannot advertise it as risk free, and you should be aware of these risks.
We have written an article about the risks of Matched Betting that you can find here. We’d recommend giving it a thorough read if you are worried about losing money Matched Betting.
No, you don’t need to know anything about sports to start matched betting. In fact, lots of our members have never placed a bet before in their life!
All you need is a basic understanding of how it works, which you will learn through our tutorials and guides.
The bookmakers will occasionally restrict accounts from people that are using just promotions. In the Matched Betting world, this is what we call a “gubbing”.
To be gubbed is a badge of honour for Matched Bettors – it mean’s you’ve successfully bashed the bookmaker and taken money from them.
We employ strategies to try and prevent gubbing where possible (by placing random bets occasionally). This helps prolong your accounts and profit from them for longer periods. The main thing about a gubbing or restriction though, is that your money is always safe! A bookmaker will never steal your money, they will simply just not let you bet anymore with them or restrict you to very small stakes.
Many people earn a full-time income from Matched Betting and have done so for a number of years. This however is not something we’d recommend.
At Profit Pilgrims, we believe that Matched Betting should be treated as extra income, a bonus if you will. Earnings each month can vary massively and so it’s not good to rely on it solely as a full time income.
Matched Betting can be done from most countries, however the guides and websites used on Profit Pilgrims are all regulated by the UK Gambling Commission and so may be unavailable to people outside of the UK and Ireland.
We have some handy links on our International Matched Betting page for those of you that are based outside of the UK and Ireland. Before you begin, we’d also recommend you check the local laws on gambling in your own country, as well as the tax laws as some countries do require you to pay tax on gambling winnings.
Yes, in most countries you must be 18 or over to participate in Matched Betting.
There is no set limit to how much you can earn from matched betting. However, the amount you can earn will depend on the amount of time and effort you put in, as well as the amount of money you have to begin with.
Realistically, most offers will have a ceiling. For example, if an offer is Bet £10 get £10, then the most you can receive is a £10 free bet. Some reload offers however will not have a limit, and you can place as many bets as you like to potentialy earn an uncapped amount of money.
No, it’s not necessary to have a separate bank account for matched betting. However, some people find it helpful for organization purposes.
You can find out about what banks we recommend, as well as what else you should prepare before starting in our Matched Betting checklist.
The laws around Matched Betting for a friend or family member is what we call a “grey area”. The bookmakers themselves only allow 1 account per person, and so controlling somebody else’s account means you are breaking their terms and conditions. There is also the legal side of things. Impersonating somebody for financial gain could be seen as fraud.
It is possible however to help a friend or family member Matched Bet themselves. There are plenty of partner friendly bookmakers out there that allow more than one person from a household to have an account and take up their offers.
To be clear – we do not endorse multi accounting and simply using somebody else’s account. However if somebody wants information on partner friendly bookies for their spouse, friend, or family member they are helping, then we would be sure to help.
Profit Pilgrims has a list of all of the top bookmakers that you can profit from. Every website that we have a guide for will have been tried and tested (unless otherwise stated), and they are all regulated by the UK Gambling Commission.
If you have found a bookmaker that you have questions about, then you can always drop us a message on [email protected] and we’ll check them out for you!
Yes, it’s possible to use matched betting techniques for casino offers. However, these types of offers may carry more risk and require more advanced knowledge of matched betting. We do not recommend anyone to even think about casino offers until at least a few months into their Matched Betting journey.