There is a lot of scepticism when it comes to matched betting. Whether it's people thinking it's a scam; it's illegal; the system doesn't work; you can't earn money from it or just that it's too good to be true. We've heard it all before.
To attempt to dispel some myths and misconceptions we have collected comments from various Facebook posts - which should hopefully make you feel a bit more comfortable with the idea of matched betting.
All of the comments below are from real customers, and if you click the comments themselves you will be taken to the Facebook post itself.
Is matched betting a scam?
The question we get asked the most and thankfully it's the easiest to dispel. Matched betting is a 100% legal and legitimate way to make money online. It is not a scam. Thousands of people have used our service successfully and we've been featured in multiple newspapers and blogs (1, 2, 3). If it were a scam we would have been shut down years ago and we wouldn't have had over 100,000 paying customers since 2014.
Surely you can't win gambling. The bookie always wins don't they?
With normal gambling yes, with matched betting no. The definition of gambling is 'the wagering of money or something of value on an event with an uncertain outcome'. With matched betting, the outcome of the event is irrelevant because you are placing a back bet at the bookmaker and then a lay bet on the opposite outcome of the same event at the betting exchange. That's where the 'matched' part of matched betting comes from. You match each bet with an opposite bet (Team A to win and Team A not to win), so regardless of the outcome you unlock the value of the free bet.
It sounds too good to be true. What's the catch?
The only downside we can see is that it is quite a tricky concept to get your head around at first, you need to put the time in to learn (as with anything in life, you get out what you put in) and also you need to have some money set aside to use as a bank/float to start with. This is to cover your liability at the betting exchange and also to be able to deposit at the bookmakers in order to get the free bets. Most members start off with a small matched betting bank of around £50. More info can be found here.
Can you make money long-term?
It is true that the easy money is from the initial sign up offers and these can only be done once, but bookmakers also give out offers to existing customers (reload offers), and we have instructions on how you can make money from these as well.
I've already got accounts with some bookmakers, is it still worth it?
Yes, absolutely. There are over 60 registered bookmakers in the UK and they all give out free bets. It's important to note as well that it's not just the signup offers you can profit from. Bookmakers give out free bets to existing customers as well.
How much can I earn matched betting?
Due to the fact that the potential earning amount is dependant on how much time you put in, we can't make any specific claims about how much you will earn from matched betting. However, what we can do is point you in the direction of this picture we posted on Facebook recently, where many of our members have posted how much they have won using our service. Click through and read some of the comments from our members.
These are just a few comments that we have picked from Facebook in order to try and dispel some common myths about matched betting. If you like what you hear, go ahead and sign-up to the free trial and do the first two sign-up offers - it's the best way to get your head around it and you can earn up to £45.
If you have already signed up to the free trial, then you can click here to login and complete the first two offers. Or you can click here to upgrade to the full service and get access to hundreds more offers.
If you have any questions, don't forget you can always call or email our customer service team. We're open 7-days-a-week. Click here for details on how to contact us.