Here’s the next installment in our side hustle case study series, where real people share how they make extra money in their spare time!
This week Morgan from Morgan M Woods is telling us all about how she makes money online with matched betting. I am a big fan of matched betting too and Morgan is smashing it, so I really enjoyed reading her story!
How to make money from matched betting with Morgan
Please tell us a little about yourself and your side hustle.
I’m Morgan and I blog at morganmwoods.com. I started matched betting back in 2016 and it’s been a nice big boost to my monthly income ever since.
How long have you been doing your side hustle? How did you get into it?
I’ve been matched betting since November 2016 when my family and I had just moved house. It was almost Christmas, we were in debt and we had no money to buy the kids any Christmas presents. I found out about matched betting, took a chance and it turned out to be the best thing I’ve ever done!
What does the work actually involve? What does a typical day/work session look like for you?
Matched betting is basically where you take advantage of the free bets offered by the bookmakers. It can sound a bit complicated at first but when you start placing your first few bets it becomes clearer.
I usually spend around 2-3 hours each week going through the offers and placing my bets. The weekends tend to be the best days as well as big events such as Cheltenham or the World Cup.
How much can you make doing matched betting?
I last calculated back in August 2018 that I had made over £10,000 since getting started with matched betting. I would have a guess that it looks more like £15,000 now. I tend to make around £500-£750 each month which isn’t bad for the time I put in.
Are there any start-up costs and/or ongoing expenses with this side hustle?
You do need at least £60 to get started with matched betting for your initial bets. And a membership to a matched betting website such as Profit Accumulator is very useful too. Although your profits do add up fairly quickly once you’ve got started.
What advice would you give to somebody who wants to get started?
Take your time with your first few bets but try not to overthink it too much. It will feel tricky and confusing at first but using a matched betting tool will really help.
Any recommended websites or resources?
I would really recommend signing up to a website like Profit Accumulator for one of their free trials. Matched betting can be really confusing but their step by step videos really help you get started.
I also have a matched betting guide on my website – https://morganmwoods.com/matched-betting/matched-betting-guide/
Where can we find you?
Thanks Morgan! I’m a big fan of matched betting too.
For more information on making money with matched betting, take a look at these posts:
- How to Make Money Betting Online (WITHOUT Gambling)
- My First Month of Matched Betting
- Side Hustle Milestone: My First £1,000 From Matched Betting
- Thinking of Starting Matched Betting? Here’s What You Need to Know
- 4 Real People Making Great Money With Matched Betting
- Matched Betting Glossary
You can check out the other posts in the side hustle case studies series here.