If you're an American looking for a flexible way to make money online that can put thousands in your pocket every month without any prior experience, you need to check out free bet conversion, aka matched betting.
Platforms like ProfitDuel have hooked up over 400,000 folks in the US and Europe with a sweet way to make monthly profits without taking any risks.
Never heard of it? No biggie! In this blog, we'll break it all down for you - how it works, what's great about it, any downsides, and how you can use it to pump up your income.
What is matched betting?
Matched betting is a method used by individuals to make money online by taking advantage of bookmakers' free bets and promotions. It's a risk-free strategy that leverages mathematics to ensure a profit regardless of the outcome of a sporting event.
Matched betting has long been well established in Europe, with over 250,000 people using the technique to make money in the UK alone.
However, because matched betting is in its early stages here in the US compared to Europe, users in the States can unlock considerably more generous profits than our friends across the pond can.
How does matched betting work?
Matched betting involves placing two opposite bets: one to back an outcome and one to lay (bet against) the same outcome. By doing this, you offset any potential losses and secure a profit by utilizing free bets or bonuses offered by bookmakers.
To illustrate how it works, let's consider an example. A bookmaker offers a $50 free bet when you sign up and deposit $50. In matched betting:
- You place a $50 bet on a specific outcome (back bet). For instance, you bet that Team A will win a football match.
- You then place a lay bet against the same outcome (Team A not winning) on a betting exchange. This ensures that no matter the match outcome, you won't lose money.
- After the match, you'll receive the $50 free bet from the bookmaker, which you can convert into cash by repeating the process.
- By repeating this process with various bookmakers' offers, you accumulate guaranteed profits.
Benefits of matched betting as a method to make money online
Some of the most common benefits of matched betting as a way to make money online include:
- High earning potential: Matched betting online can earn you serious profits, with some active participants raking in as much as $5,000 per month through platforms like ProfitDuel. Even better? Some platforms even offer free trial periods for users.
- Risk-free strategy: Unlike traditional gambling, matched betting's mathematical approach guarantees profits from free bets, regardless of the ultimate outcome.
- Total flexibility: Matched betting allows users to adapt their activities to their own schedules, offering complete flexibility in terms of time and location (within eligible states).
- Welcome bonuses: Certain websites provide members the opportunity to earn extra income by referring new members. For example, at ProfitDuel, this referral program can lead to an additional $50 per referred member.
- Passive income potential: Some providers offer a share of their revenue to members who become affiliates. At ProfitDuel, affiliates receive a 50% share of profits each time a referred member makes a payment, offering a chance to generate a substantial passive income without any additional costs.
- No experience needed: Proven online matched betting platforms like ProfitDuel handle the otherwise time-consuming tasks of finding offers, matching bets, and calculating profits on behalf of users. This means the only work left for you to be on the pathway to profit is to follow free step-by-step guides. Piece of cake, right?
Drawbacks of matched betting as a way to make money online
Though matched betting can be attractive method for making money online, it's important to consider some potential drawbacks:
- Time investment: While matched betting can make considerable extra income, it does require time. However, this can be from as little as a few hours every week.
- Starting pot needed: To get started with matched betting, you need some money upfront. to get the ball rolling You could start with as little as $50, but if you want to maximise your profits, starting with around $300 is optimal.
- Limited to certain states: Right now 34 states in the US allow online sports betting, with more states expected to follow in the future. This means not every person can get into matched betting at this point in time.
How much can I earn with matched betting?
Exact earnings with matched betting will vary from person-to-person, but it's possible to make anywhere from $500 to $5,000 or more per month. How much you earn depends on a number of factors including:
- Number of bookmakers: The more bookmakers you use, the more offers you can take advantage of, increasing your potential earnings.
- Time invested: The time you dedicate to matched betting directly impacts your income. Those who invest more time typically earn more.
- Bankroll size: A larger bankroll allows you to participate in more offers at any one time, increasing your earning potential.
At ProfitDuel members with a significant bankroll earn an average of $2,819 using their welcome offers, which take an average of 7 hours to complete. That works out at a cool $402/hour.
Getting started with matched betting
Getting started with matched betting without a reliable platform might seem a bit overwhelming.
Hunting down good offers, doing tricky calculations, and comparing bookies can eat up your time. But here's where ProfitDuel steps in to make it all easier.
You can dive into matched betting, even if you're a total newbie, by following these five simple steps:
- Sign up for ProfitDuel's 14-day free trial
- Grab your welcome offer and make more than $100 in under an hour
- If you like it, subscribe to ProfitDuel Premium for just $29.99 a month.
- Explore our collection of offers and follow our step-by-step guides to earn thousands more in your first month.
- (Optional) Join our affiliates program and pocket $50 for every person you refer, plus a 50% cut of their subscription fees moving forward.
It's seriously that straightforward! Give our 14-day free trial a shot and see for yourself. Got any questions? Book a chat with one of the ProfitDuel team members here – we're here to help you boost your income.