Matched betting is a popular method of making money online that involves taking advantage of bookmaker promotions and free bets. But just how much money can you make from matched betting? The answer depends on several factors, including your level of experience, the amount of time you're willing to invest, and the number of bookmaker promotions available. However, it is possible to make a significant amount of money from matched betting if you do it correctly.
To start, it's important to note that matched betting is a low-risk strategy that involves placing both back and lay bets on an event. This guarantees a profit regardless of the outcome of the event, although the amount of profit may be small. For example, if you were to use a $50 bonus bet and the odds of the back bet were 2.0, and the lay odds were 2.02, you could make a profit of around $1.
While individual bets may not make you a lot of money, the key to matched betting is to do it consistently over a long period of time. This means taking advantage of as many bookmaker promotions as possible and repeating the process of placing both back and lay bets. With enough practice and experience, you can become more efficient at finding and placing bets, which will increase your overall profits.
According to a survey conducted by BonusBank, one of Australia's leading matched betting websites, their users earn an average of $2,500 per month. This figure varies depending on how much time and effort they are willing to put in, but many users report earning between $500 and $5,000 per month.
It's also important to note that matched betting is not a get-rich-quick scheme. It requires discipline, patience and a willingness to learn. While the profits can be significant, they are not guaranteed, and there is always a risk involved when betting. It's also important to bet responsibly and only use money that you can afford to lose.
In conclusion, matched betting is a legitimate way to make money online, and the amount you can earn depends on your level of experience and commitment. While it's not a guaranteed way to get rich, it can be a great way to earn a significant amount of money in your spare time. With the right tools and resources, you can start earning money through matched betting and turn it into a profitable side hustle or even a full-time job.