No-risk matched betting is one of the most popular ways for individuals to make some extra cash online.
However, there are a number of sceptics out there who aren’t 100% sure about this method.
In this article, we’ll clear up any myths surrounding matched betting and give you the required knowledge so you can start making money online and living life on your own terms.
Ready? Let’s dive in.
For those of you that are new to matched betting, you can find out more by checking out this article.
7 matched betting myths
Below are 7 matched betting myths that beginners often believe to be true in 2018. In each section, we clear up any misconceptions and replace them with actual facts.
- Matched betting is illegal
- No-risk matched betting is complicated
- Matched betting’s not worthwhile in 2018
- Bookmakers hate matched betting
- Matched betting takes a long time
- Matched betting is gambling
- There are better ways to make money online
1. Matched betting is illegal
The first of our matched betting myths is matched betting is illegal.
When people first start out they think this process must be illegal. How can anything related to betting be risk-free is usually a common thought process.
And it’s a logical reaction. I had this very feeling when I first started with no risk matched betting.
However, despite what many people think (myself included), this is far from the truth!
Matched betting is 100% legal and the bookies agree with this statement.
Here’s what a spokesman from William Hill said about matched betting ‘There’s no illegal element. It’s a free bet and you can do what you like.’
There you have it…
All matched bettors do is place two bets at different betting companies and make a guaranteed profit in the process.
There is nothing illegal about this.
No more worrying about whether this is a legitimate way to make money online.
For more explanation on the legality of matched betting, check out this article.
2. Matched betting is complicated
Before some individuals get started with matched betting, they’re skeptical about how complicated the process will be.
People are often worried about how much time it will take to learn etc.
Furthermore, in my view, there are a number of matched betting companies out there which make this process seem more complicated than it is. They alienate people before they’ve even given it a go.
As you can imagine, this puts a lot of people off the concept and they look for other less profitable ways to make money online.
And that shouldn’t be the case.
I’m here to tell you matched betting is not complicated, as long as you follow a proven strategy carefully.
Granted, mistakes in matched betting can be costly and the process behind the technique involves a lot of maths.
However, with help from sites like The Sure Bettor, where you can follow our walk-through tutorials and have access to our matched betting calculator (which does all the maths for you) you’ll be a pro in no time.
3. Matched betting is not worthwhile in 2018
So, apparently matched betting is not worth it in 2018…
I’ve heard this mentioned a few times and I’m not really sure why people think matched betting isn’t worthwhile anymore.
In my mind, there’s no better time to get into matched betting.
Here are my reasons why:
- There are more online bookmakers than ever offering free bets and bonuses
- There’s a range of different matched betting sites out there all offering expert help and guidance to beginners and pros alike.
- Plenty of support in the matched betting community making it easy for beginners to get started.
4. Bookmakers hate matched betting
Next up on our list of matched betting myths is that bookmakers don’t like matched bettors.
Let’s get straight into this one, the bookies don’t hate matched betting and in some cases, they even endorse the concept.
There’s no denying that bookmakers know that matched betting is a thing. However, in most cases, they’re happy with this.
At the end of the day, they want more customers betting at their company. As long as their bottom line is healthy they don’t care who bets on their platform.
As we mentioned above, William Hill is happy for their customers to use their free bets as they wish.
On the other hand, the bookmakers aren’t fans of anyone who continually wins. This hurts their bottom line and they’re in business to maximise their profit.
If the bookies think you’re winning too often, your account will likely be gubbed (a matched betting term meaning restricted or banned.)
5. Matched betting takes a long time
Match betting takes too long…
Once again, this is a complete matched betting myth that too many people believe to be true.
From experience, I know it takes most matched bettors no more than 5 minutes to place each offer. It certainly doesn’t take ages as some people think.
Granted, matched betting may take you a little longer when you’re first starting out, but isn’t that the same with anything new?
If you follow our advice and use the correct tools and software, you’ll soon be able to complete the latest offers in a matter of minutes.
What’s more, when you’re fully up to speed, you’ll be able to complete the days offers’ in less than an hour.
When you consider the potential profit you can make from those offers, you realise why matched betting is so popular.
6. Matched betting is gambling
This matched betting myth sort of ties into our first one; matched betting is illegal.
As we mentioned above, some people are sceptical about matched betting and how it can be risk-free. They don’t believe that anything betting related can involve zero risks.
But matched betting does…
Matched betting is 100% risk-free as it’s technically not gambling. Yes, we place bets but not in the true sense of the meaning.
We place two bets on opposite outcomes to ensure there’s no chance involved.
All in all matched betting is not gambling.
Check out this article for more information on how matched betting works.
7. There are better ways to make money online
Last but not least, our final matched betting myth says that there are better ways to make money online.
I’m going to be completely biased towards matched betting and say there isn’t a better way for individuals to make some extra cash online.
On average our members make roughly £500 each month with more experienced matched bettors earning up to £1000 each month.
What’s more all of this cash is completely tax-free – nothing goes to the taxman.
If you know of a better way to make money online, then please leave a comment below – I’d love to know.
Matched betting is hands down the most profitable way to make money online.
PERIOD!
Ok, biased hat off now.
Matched betting myths conclusion
I hope this article has given you some insight into why these matched betting myths are misleading.
I know it may take some of you a while to get your head around the concept and how it can be risk-free etc. (it did for me) but I find it’s always best to give it a go and find out by trying.
Over to you, what matched betting myths did you find most interesting? Let me know by leaving a comment below right now.