In this week’s ‘meet the members’ post, we spoke to Adam. He told us about his matched betting story so far and why making a mistake isn’t the worst thing in the world.
Meet the members: Adam
What is your average weekly profit? Does this include a partner’s profits as well?
My average weekly profit varies wildly, almost totally dependent on how much time I can set aside for matched betting. But as an idea, last month I made £411.55 profit. My best month so far is £1,124.91!
This does include the little bit of matched betting my wife does, although she only has accounts with Sky and Coral. She did have a William Hill account, but they closed that for her when they gubbed me.
What do you do with your matched betting profits? Any exciting purchases or stories to share?
Generally speaking, I keep as much of it floating around my accounts as possible. I have taken some profits out a couple of times. I’ve paid for some home improvements to my son’s bedroom where we paid for a fitted wardrobe and internal wall to be taken out and moved so he has a decent-sized bedroom. I’ve also paid the deposit on the car I bought last year, and still have around £7,500 in my bankroll.
What is your bankroll? How much did you start with?
As I say, my current bankroll is around £7,500. I started in late 2019 with £25. Remember, I’ve already spent nearly £10,000 put of it too.
How long have you been matched betting?
I’ve been matched betting for just under 3 years now.
How much time/hours in an average week do you spend matched betting? Any particular days that you do more than others?
The time I can set aside for matched betting varies massively from week to week. My ‘day job’ is as a Training Instructor and Health and Safety Consultant, so depending on whether I’m training, on-site, or in the office, I can spend as little as 10 minutes a day, or I can have my phone on at the side of me virtually all day, watching and refreshing marches waiting for the right ones to appear.
Saturdays are usually my busiest day of the week, especially during football season.
What type of offers do you focus on and why?
I’ve usually focused on ‘bet and get’ offers and boosts. I did dabble with 2Ups for a little while. Also, I do like a good bore draw, as if you look in the right place you can make some pretty good, regular money doing that offer.
I have this year started doing far more EPs (extra places) too. So far I’ve found these to be a pretty good source of profits, and I’m wondering why I didn’t do it sooner.
Tell us more about your background and how you came across matched betting.
Like I say, I work as a Training Instructor and Health and Safety Consultant. It’s a far cry from where I’ve spent most of my working life. I grew up in agriculture, and after it became clear the farm wasn’t big enough to support both my parents and my family, I moved into another industry. I’ve spent most of my working life driving pretty much anything with wheels and tracks, and a few things without.
I found out about matched betting during my time working as a crane driver for a local timber company. It was whilst talking to a colleague, Stewart, and he mentioned he did it, that I looked into it and decided to give it a go. Stewart was kind enough to show me the ropes and get me started. Then I realised how much money could be made as a little side hustle, and I’ve never looked back. Casino offers are next on the agenda.
Can you give us a breakdown in % of where your profits come from?
It’s quite hard to tell now to be honest. I used to keep a spreadsheet of everything I did, listing the bookies and exchanges, the back and lay bet details, and what profit/loss each offer made. I would then use that to total up my profits each day, with a monthly total which I would compare to the actual amount in all my accounts to ensure I hadn’t made any obvious errors. However, I stopped this last year as I found it was taking up too much time as I went along, and would then sometimes take me half an hour at night to fill in all the details. Not I just keep a monthly record of the money in all my accounts so I can see a monthly profit and loss.
Do you do low-risk casino offers?
I don’t at the moment, other than the occasional offer like Sky’s daily spins, and Coral’s prize grabber.
Do you have any advice or tips to offer to other members?
My advice to newbies would be to take your time. Matched betting is definitely a marathon, not a sprint. Make sure you read/watch the tutorials at least 3 times and are sure you understand exactly what you’re doing before you do it. Hopefully, that’ll lessen any mistakes.
Speaking of mistakes, you will make them, so try not to be too disheartened when you do. I still make the odd error now. My worst cost me around £500 when I backed one horse and layed a different one. Obviously, the back bet lost, and the horse I’d layed won so I lost there too.
For more experienced guys, don’t be afraid to try something new. Have a look at offers like bore draws. I find them to be more aligned with what time I’m able to give, meaning I find them more profitable than I have 2Ups so far.
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