Is matched betting a scam or not? 7 big questions answered

Perhaps the question I get asked most often is: ‘Is matched betting a scam or not?’

It’s understandable, really. For a start, anything with the word ‘betting’ in it bound to raise some suspicion among some people.

Also, the promise of earning tax-free cash in your own time, from home sounds a bit too good to be true.

So, I thought I’d take the chance to answer ‘is matched betting a scam or not?’ and some of the other questions I commonly face.

Is matched betting a scam or not?

One of the hardest things about promoting matched betting is convincing people it that it’s legitimate.

It is 100 per cent legal, sustainable and proven way to make a profit.

This is probably because it involves betting and there is a widespread lack of understanding about how it works.

This is the reason Profit Accumulator offers a free trial to start with, showing users how to make a profit from two simple bookie offers.

Matched betting might be mysterious but it has featured in the mainstream media and Profit Accumulator is a legit business that has been nominated for awards.

Do you have to know a lot about gambling?

In short, not at all.

No sporting knowledge is needed – you don’t have to be an expert on horse racing or football.

You don’t even need any betting experience. Profit Accumulator walks users through every step of the system, with written and video instructions and examples.

There is also customer support number and an active forum, where members share advice.

Is it complicated?

Matched betting can seem a little daunting at first but it’s really just about following instructions and double-checking the numbers.

New members at Profit Accumulator are shown the basics and taken through the simplest profit-making methods before moving on to more advance techniques.

Members have access to several tools, such as an odds calculator and oddsmatching software, to keep the process simple.

Is it a get-rich-quick scheme?

Unfortunately, this is not true either.

You won’t become a millionaire overnight but matched betting is an ideal way of supplementing your income or earning a good amount in your own time.

Users on the Profit Accumulator forum discussed how much they had earned in 2016, with one member saying he had earned close to £28,000.

It really depends on how much time you can spare.

Is matched sustainable?

Matched betting involves exploiting the bonuses bookmakers offer to incentivise customers.

What happens when you have worked your way through the sign-up offers?

Well, most gambling firms continue to offer incentives in the form of reload offers and it is using these that keeps the profit flowing.

Do bookies like matched betting?

Most bookmakers don’t like matched betting because they don’t like losing money.

It is true that they close or restrict accounts of winning players but there are legitimate methods to keep your account open.

Profit Accumulator shares advice and tips on this very matter to help members keep their accounts thriving.

How long does matched betting take?

This one very much depends on the individual and what you’re looking to get out of it. As a rule, the more time you spend, the more money you can make. There are other factors that will also affect your earnings, such as how many bookie accounts you have and the size of your bankroll.

Plenty of people do it for just a few hours a week – maybe an hour each night and a couple of hours at the weekend – and still make a few hundred quid each month.

And then there are others who matched bet full-time. It really is up to you but you can be sure it is one of the most profitable ways to spend your spare time.