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Are you a bit of a skeptic when it comes to making money online? Are you someone who spends time gathering all the info before you jump in? And do you find the idea of matched betting a bit too good to be true?
In a world filled with scams and get-rich-quick schemes, it's only natural to approach new side hustle opportunities with caution.
However, the facts don't lie: Matched betting is a legitimate and risk-free betting strategy that has recently gained significant traction in the United States.
In this blog, we'll show you how matched betting is a legit source of top up income.
Contents
- Matched Betting: Success in the US
- Is Matched Betting Legit?
- The Risk-Free Nature of Matched Betting
- Earning Potential of Matched Betting
- Kickstart your Matched Betting Side Hustle
1. Matched Betting: Success in the US
Since the Supreme Court decided to lift the federal ban on sports betting in May 2018, the US sports betting industry has been on a rapid rise. In 2022, the industry is reported to have generated a revenue of $7.56 billion. Experts predict that sports betting will be legal in 80% of U.S. states by 2025.
The Rise of Online Sportsbooks
This growth has paved the way for online sportsbooks to begin operating in several states. At the time of writing, online sports betting has expanded from 0 to 26 states (and counting!).
Advancements in technology and changing consumer preferences mean that online sportsbooks are gaining popularity year on year. 77.5% of respondents to a July 2023 study said that they preferred online/mobile sports betting over in-person betting because of how convenient it is.
In an attempt to attract new customers, online sportsbooks give out generous free bet promotions and introductory offers. These promos can be turned into real money using the matched betting, or free bet conversion, process.
For example, at the time of writing, New Jersey has 15 sportsbooks offering sign-up bonuses which can be converted into $11,000+ of risk-free cash*. These promos offer a golden opportunity for absolutely anyone with an internet connection and a few hours spare a week to make guaranteed profits from online sportsbooks.
Just a quick note here to say that while matched betting is done using online sportsbooks, it is not sports betting or gambling. The legislation changes around online sportsbooks have kind of paved the way for the explosion in the popularity of matched betting. However, due to the simplicity and risk-free nature of matched betting, it has quickly become the side hustle of choice for thousands of non-bettors.
*Matched betting earnings will vary depending on factors such as odds, offers, bankroll and location.
2. Is Matched Betting Legit?
One of the primary concerns for anyone considering matched betting is its legality. And that makes complete sense. Usually, if something sounds too good to be true, it is…However, the Supreme Court's decision has opened the doors for legal sports betting in numerous states and matched betting falls within the legal boundaries.
And not only is matched betting legal, but it’s also a totally legit and profitable way of earning money for everyday Americans.
Matched betting isn’t a new concept. The popular side hustle has helped over 450,000 people across the US and Europe top up their income by $1,000s every single month. Global publications including HuffPost, The Telegraph and The Guardian have also highlighted the power of one of the fastest-growing side hustles in the US right now.
3. The Risk-Free Nature of Matched Betting
One of the best things about matched betting is its risk-free nature when done correctly. The process involves covering all outcomes of a game or event - the win and the loss.
To do this, you need to place two bets on the opposing outcomes, rather than a single bet on a single outcome. One bet (the ‘qualifying bet’) is placed at one sportsbook and the opposing bet (the 'hedge bet') is placed at a secondary sportsbook.
This strategic approach ensures that, regardless of the event's outcome, you unlock a sportsbook promo offer (such as a free bet), which can then be converted into a guaranteed profit when the process is repeated.
The risk-free nature of matched betting sets it apart from traditional gambling. Matched betting is not about luck, hope or predicting the outcome of an event. Instead, you use math to find the best opportunities to convert sportsbooks’ welcome promotions and bonuses into actual cash.
Potential Risks (and How to Avoid Them)
As we said earlier in this blog, matched betting is risk-free, as long as the process is followed properly. If it’s not, then there can be some potential risks. Here are some examples and how to avoid them!
- Human error is probably one of the biggest potential risks when matched betting. So take your time! Don’t rush through any part of the process and always check your bets before you confirm them.
- State legislation is changing all the time, as more states see the financial possibilities of sports betting. Remember: the legality of online sports betting varies from state to state, so always make sure you’re operating within the rules of your state.
- Matched betting works because it is not gambling. There is no risk when the strategy is correctly followed. Don’t be tempted to gamble and always make sure you’re covering all potential outcomes of an event by only placing matched bets.
4. Earning Potential of Matched Betting
The numbers speak for themselves when it comes to the earning potential of matched betting, with the average matched bettor in the US making between $300 to $2,000 a month.
In terms of an hourly wage, you could earn $33 if you dedicate just one hour a day to matched betting and hit somewhere around the middle of the monthly average at $1,000. That’s equivalent to a $68,000 annual salary which is amazing for a side hustle that requires zero knowledge or previous experience!
Matched betting is particularly lucrative for beginners as it doesn't take long to learn and online sportsbooks are falling over themselves to offer you free bet bonuses and welcome promotions. You just need to learn how to turn these promo offers into guaranteed profit.
And that’s only the beginning. With matched betting, there isn’t really a maximum to the amount of profit you can achieve. Especially when you pair your monthly matched betting activity with becoming an affiliate and spreading the word!
5. Kickstart your matched betting side hustle
In the landscape of online side hustles, matched betting stands out as a legitimate and lucrative opportunity. The evidence, including legal clarity, industry growth, and substantial revenue figures, supports the legitimacy of matched betting in the United States.
As with any side hustle venture, it's essential to approach matched betting with proper research and understanding to maximize your success and earnings. But you don't have to do this alone.
Introducing ProfitDuel
ProfitDuel is a matched betting platform designed to help you make consistent profits online sportsbook promo offers. As well as a list of the welcome offers and sign up bonuses currently available in your state, we also have step-by-step instructions to show you how to turn each offer into real money.
On top of that, our software and tools find the best odds and calculate the necessary stakes you need to place your matched bets and make money. We’re here to guide you through the entire matched betting process, eliminating any confusion, guesswork or risk.
Give matched betting a try today with a 14-day FREE TRIAL of ProfitDuel. Click below to get started and earn your first $100 converting our welcome offer, on us. Want to know exactly how you’ll earn your first $100? Download our free 5-step walkthrough guide here. It couldn’t be easier.
So, if you're looking for a genuine way to boost your income, matched betting with ProfitDuel might just be the side hustle you've been searching for.
