To think that matched betting is not an easy way to make a bit of extra cash?

[SummerGems]

Not here to criticise those who do it, and I’m aware that moneysavingexpert and the like recommend it as a way to earn a bit of extra cash.

However,having looked through the process, it is clearly both incredibly complicated and involves a huge amount of work for ultimately a bit of return. Much like the surveys etc of old which were often suggested as a way to earn extra money.

I’ve done normal betting,spread betting etc, and matched betting is far far more complicated than either of those.

So although people clearly do make a bit of extra cash doing it, it also seems clear to me that they must spend hours and hours doing it in order for the small returns they make every month.

And obviously if it was that lucrative then everyone would be doing it and they’re not.

And yes, I count myself in among those as am desperate to make some extra income and due to health problems this isn’t currently possible..

Vandrew did you have a background that relates to investment or the betting indoor similar? I have a brother who is extremely financially savvy, worked in banking forever and he decided to give it a try using small stakes. He walked away after a few months and says he wouldn’t recommend it to anyone who can’t afford to lose.

Which is true of all gambling.

‘Indoor similar’= industry .

It actually really is easy! I have made quite a lot this year from it. However you do need funds to be able to do it, so can be quite slow at start if you are only starting with £10 further upthread.

There is absolutely no way the poster who claims to have made £90k in 2.5 years did that with only a tenner investment. No way.

Thing is, if people can make money doing it then good on them, but why are people not just up front about it, yes, it costs, yes, it’s very time consuming, yes, once the offers run out it becomes more difficult, no, not everyone makes money doing it.

It’s like anything, it’s takes a while to learn the ropes. But once you know it’s really easy. I’m super small scale, just football and I make £60 a week reliably. I’m sure you wouldn’t turn your nose up at an extra £240 a month would you? It’s making the difference for my family.

And I know people who have made money through mlm for instance, but just because it is possible to make money doesn’t mean that an awful lot of people don’t make anything or make anyone wrong for pointing out the pitfalls.

This is no different.

There are an awful lot of people on mn who are in a financially difficult situation and who would love to make a bit of extra cash, and the truth is that matched betting will not work for all of them, it just won’t, and that’s not their fault. So while people can recommend it as a way to potentially make money, people shouldn’t be shouted down or told they’re wrong when pointing out that not everyone will make money doing it.

you CAN start with a tenner. You WILL make money but you will start off slower. After about 4 months or so you shouldn't be able to tell the difference between who started on a tenner and who started on £200.
I'm the one on nearly £90K and I've already said I started on £50.
It doesn';t "cost" anything, it's risk free. that's the whole point.
yes, if you want to make a lot of money you need to put in 2 - 3 hours a day. if you just want an extra £300 - 3500 quid a week then put in an hour a day.
no one's saying it's a license to print money.. The more effort you put in, the more you will earn. the whole point is you WILL earn money proportionate to your time and it IS risk free.
There is no initial investment other than your first bet.
I only made about £1K on the initial offers. all the rest has been from reloads.
Finding it a bit odd that you're determined not to believe those of us who do this when you obviously don't know what you're talking about.
Oh, and the reason not everyone does it ( thankfully) is becuase most people are like you; they seen the word betting and think it's gambling and that it's some sort of scam.

Summer it's nothing at all like MLM. You really really don't know what you're talking about.
Everybody would make money doing it. it's impossible not to. Would you like me to talk you through the basics so you have a grasp?

I don’t recommend MB to anyone, because it is too easy to become addicted to gambling. That is the main risk. Secondly, you do need to be able to follow the instructions (the site I use has video instructions and written) and be reasonably ok with navigating websites. If you can’t do all of those things I don’t think it’s for you. If you want to get rich with no effort it’s not for you. It’s certainly not for everyone. It works for me though.

sorry pp should say £300 - £500 a week!

DS started at the beginning of October and is £300 in profit. He's using it to pay for his hobby, which has a big trip abroad next year to save for.

I think when people say it takes initial investment, they mean time/effort, rather than money.

Looked into it, the numbers made sense to me (it’s basically just pro-rata hedging). I’ve got the time. But I didn’t want to give it the amount of headspace it would need to get started though.

I’d rather waste time online MNing and looking at kittens on YouTube.

another thing is that any profit is tax free

It is no way what so ever like a MLM.

Glad this thread is here actually as the more people turned against MB as possible leaves more offers for people who take it seriously. It's been around for bloody years.

youre right south it's gambling, pure and simple. you also need to invest at least £20K to start off and you have a very very high probability of losing ALL of that money.

Do you actually need to spend your own money to start the process off? I've seen mention that you look for free bet offers to make money, and just hopping from taking advantage of one free bet to another free bet, and its this that gives you the profit, but is this true? Seems to good and too simplistic to me. I don't know anything about MB until i read thread titles on here, but I've never really thought more of it tbh.

youre right south it's gambling, pure and simple. you also need to invest at least £20K to start off and you have a very very high probability of losing ALL of that money

I have given in trying to explain MB to people vandrew.

The ones that don't get it or don't agree can go away and leave me to enjoy my tax free earnings.

yep, that's about right dunk

Oh yes. It's really hard work. You need hours of time and oodles of cash to invest to start with. Awful

I'm ashamed to say that i am awful at maths. i still use my fingers most times. I don't know whats wrong with me lately but i took a level 1 ITskills course to try to improve myself generally, and i had to drop out as that was too hard and i bumbled it all up. God, i cried at myself for days for being so stupid i fluffed up a basic skill level one.
i don't think ill even try matched betting. I'll be the stupid idiot in the paper that's ended up homeless from rent arrears because attempts at MB made me lose all my money!

Does more people doing it not mean more money available at the exchange though van? So that grows the available pool for hedging?

no, the more people that do it, the pissed off the bookies get and the fewer decent offers they put up

What's about right? That you need your own money to start it off or that it is easy profit for the start up cost of absolutely £0.00?

@vandrew4 did you use one of those free websites to help - just wondering as I’ve read a few websites offer help?

you can't start with literally zero as you need money to put a bet on and lay it off . very minimum is a tenner but £50 will have you up and running in no time

Oh i see. Thanks Vandrew.