Side Hustle Milestone: My First £1,000 From Matched Betting

A few days ago I hit a major milestone in my side hustle journey…

I made my first £1,000 from matched betting!

Matched betting is a risk-free way of making money from home using bookmakers’ special offers.

It took me just under 12 weeks from placing my very first bet to reaching the £1,000 mark.

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The power of extra income

This is just a phenomenal feeling for me. Before I started my side hustle journey and learned about matched betting – just three short months ago – I worried about money all the time.

I was always stressed, always moaning about being underpaid, and did not know of any other way to make money. I basically felt completely powerless when it came to money.

A few weeks after hearing about matched betting and here I am:

£1,000 is a serious amount of money to me and it literally feels like I pulled it out of thin air. It is the best feeling to know that I have taken control of my financial situation and that I now have a regular source of extra income each month, so long as I keep putting aside a few hours a week in my evenings and weekends for it.

Making money every day

The crazy part is…

£1,000 in 12 weeks is not a lot of money by matched betting standards.

Seriously.

Loads of people in the forums of the matched betting service I use (Profit Accumulator) are regularly making £1,000 – £2,000 every month. In fact, Profit Accumulator has a members-only forum thread where the staff post exactly which bets you need to place each day to make £1,000 each month.

The Profit Accumulator forum is my favourite matched betting forum by far, by the way. There are always experienced betters and staff on hand to talk you through any questions or confusion. It’s also a great way to stay up to date with special offers.

Anyway, the main reason I didn’t hit the £1,000 mark quicker is that I am only using PayPal for matched betting, to keep bookie transactions out of my bank statements until I get a mortgage.

A lot of bookies don’t accept PayPal, which means I have only actually been able to take part in about a third of the offers out there. I’m looking forward to getting the mortgage sorted so I can take advantage of the rest of the sign up offers!

Oh, and by the way – matched betting earnings are all tax free in the UK! 😉

Although matched betting is not gambling, the money technically counts as ‘winnings’, which you don’t have to declare.

Click here to start making money with matched betting

What is matched betting?

In case you haven’t heard of it before, matched betting is an amazing way to make money from home by taking advantage of the free bet offers that all the bookies do. You know – things like ‘Bet £10, get a £30 free bet’.

Matched betting is NOT gambling.

If done correctly, you will make money each time.

It’s completely legal, and what’s more, it’s tax free.

How to take advantage of free bets

The thing that makes matched betting different from gambling is that we balance out each bet we make by placing an opposite bet (this is called a ‘lay bet’) on a different website.

We use special software available from a service like Profit Accumulator (the one I use) to calculate exactly how much to bet and where.

This means that our two ‘matched’ bets balance each other out, so we don’t lose any of our own money. But we do make profit from the free bet.

Profit Accumulator offers a free trial which will talk you through exactly how to do your first two offers, which can make you up to £45 – no commitment required!

If you’re interested, I recommend heading over to their website and having a look at the free training videos.

You can also take a look at my post on my first month matched betting, and my matched betting glossary that I wrote for beginners.

Let me know how you get on, and I hope you see your first £1,000 soon too!

Bookmakers that accept PayPal

I have heard from a few people who want to keep betting transactions off their bank statements like me, whether that’s for a mortgage application or another reason.

It took me a long time and a lot of research in the beginning to work out which sites would let me bet using PayPal. So I decided to update this post with my list!

Note: I highly recommend you double check this yourself before you sign up for any betting sites in case they have changed since I made this list! Look for the PayPal logo at the bottom of the site’s homepage, or in their FAQs. Also check the T&Cs of each offer as sometimes PayPal will be excluded from individual special offers.

Betting sites that take PayPal

32Red
888 Casino
888 Sports
Angry Bingo
Bet Victor
Bet365
Betbright
Betdaq
Betfair
Betfred
Betstars
Betway
Bgo
Boylesports
Bwin
CasinoEuro
Casumo
ComeOn
Coral
Frozen Bingo
Gala Bingo
Ladbrokes
Ladbrokes Exchange
Lottoland
Magical Vegas
mFortune
Monkey Bingo
Paddy Power
PartyCasino
PocketWin
Real Deal Bet
Rio Bingo
Simba Games
Sing Bingo
Sky Bet
Sligo
Slot Crazy
Spinson
Spinzilla
Sporting Bet
Stan James
Titan Bet
Totesport
Video Slots
William Hill
Treasure Bingo
Virgin Games
Netbet
Wish Bingo

Betting sites that don’t take PayPal

Sun Bets
Betbright
188bet
Smarkets
Unibet
Genting
ComeOn
BetSafe
SeanieMac
Dafabet
21bet
Marathon bet
LeoVegas
Apollo Bet
TLC Bet
138 Bet
Fun 88
Bet At Home
Toals
Bet East
Jetbull
Tonybet
Bet On Brazil
Matchbook
Sporting Bet – accepts PayPal BUT if you use PayPal, you won’t qualify for the signup offer
Xtip
Tommy French

Hope this helps!

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I made £1000 online in less than 3 months with this new side hustle called matched betting! It's easy once you get used to it, and anyone can try it. Give it a go! Click through to find out how I got on...

Matched betting is an awesome side hustle than anyone can do from home to make anything up to £2000 per month. It’s a brilliant way of making extra income and it fits in well around a day job. If you’re looking to make money online, I cannot recommend it enough. I made my first £1000 in less than twelve weeks, but many people are making way more than me! Click through to read my blog post about my progress in those first few weeks.