For the past few months I’ve been adding a significant chunk to my monthly bottom line by doing Matched Betting. I simply spend 30-60 minutes every morning on it before I turn my attention to poker. It’s probably the best discovery I have made since I discovered online poker. To coincide the daily swings of online poker with the easy, stress-free money coming in from matched betting has been a blessing for me ever since I started investing my time and money into it.
What is Matched betting, you ask?
Matched betting is betting on any particular outcome with a “back bet” on a Bookmaker and then betting against that exact bet with a “lay bet” on a betting exchange. Most bookmakers require you to place a qualifying bet to unlock a free bet on offer. So in order to guarantee a profit, you need to “back and lay” a specific outcome, for which you will make a very small “qualifying loss.” Once the bet has settled, you will receive the free bet and then simply repeat that process to ensure that you make money from the offer. If you sign up to profitaccumulator.co.uk you will have access to video tutorials explaining this in greater detail as well as showing you how you can extract the maximum amount possible from each free bet you receive. There’s also a friendly and extremely helpful forum where moderators and other matched betters will happily help any queries you may have.
How to make £1000 a month!
“How to make £1000 a month!” is one of the most popular threads on the profitaccumulator.co.uk forums. The moderators update it every morning with all of the risk-free offers up for grabs that day. I would strongly suggest pinning that thread to your bookmark bar and checking it everyday. It’s what I do and it’s a nice daily reminder about what an achievable monthly goal is.
Other things to note:
The great thing about matched betting is that you can start with very little money. You could invest £50 and just keep withdrawing it to move onto the next offer, however it would be ideal to start with over £1000 as then you would be able to do many offers at the same time and therefor extract the money faster.
Although it is perfectly legal, bookmakers do not like matched betters and will restrict your account if they are confident you’re just extracting their promotions for guaranteed profit instead of using their website for recreational gambling. They will notify you via email if your account has been restricted. And don’t worry, your funds in your account are still safe to withdraw once you can no longer take advantage of that bookmaker.
Because you’ll be signing up to dozens and dozens of online sportsbooks, I would strongly suggest creating a separate e-mail address just for matched betting. Those account validation e-mails will really get in the way of more importing things in your life otherwise. I would still recommend checking your matched betting e-mail address daily as occasionally bookmakers send free bets and other offers to you in e-mail that PA won’t know about.
Here’s a screenshot from my PA account of my progress with matched betting so far:
This month I definitely could have put more time into making money and self improvement, but, the unmissable fixtures in run up to The World Cup climax and Scotland getting some genuinely nice, warm weather didn’t make it easy for me to grind out the poker volume and do those consistent workouts that I know I’m capable of. Thankfully, despite not giving 100% effort or employing my free time as wisely as I could, monetary results were far from poor.
My results by stakes
Graph of all stakes
To all those wondering about why there’s so much more hands played on USD tables than Euro tables it’s because there’s so much more games being played in USD than Euros or GBP on the pokersite that I play on. But, as I plan on soon putting more money on sites with more of a Euro market, that seemingly ridiculous ratio may drift closer in future updates.
There is also roughly $70 extra that I made from poker in rewards and bonuses this month. But, I am happy to just call the poker bottom line $5000 or £3811.40. (August 1st 2018 exchange rates)
Here’s the bottom line from my current side hustle, which I spend 60-90 minutes on each morning before I turn my attention to poker:
I will go into further detail about this little gold mine in a future post, but it’s certainly a much less stressful grind than poker. And it’s just great to have some easy, risk-free money coming in to mitigate the emotional pain that comes hand in hand with the inevitable downswings in poker.
They were also kind enough to pay me £40 for referring two friend in June which I received through my PayPal in early July
I don’t plan on tracking expenses on here as I don’t think that will be nearly as interesting as my profits, but I used most of that PayPal income I received on a new German sentence structure course to help me improve my German grammar!
View post on imgur.com
Ignoring the horrible exchange rate, I think this a great deal. I’m trying to improve my German on my own everyday, and sentence structure is always such a big hurdle for myself and probably every other native English speaker learning German. I’m also a big fan of investing in products and courses that will help improve your skills. And I like doing it because I know that it works. I would not have made $5000 this month playing online poker if I had not previously spent money buying poker content that would help me improve my poker skills. I’m sure once I’ve completed this course the value I get from having an easier time conversing with German friends, as well as strangers will be well worth the £36.
Until next time, guys!
Total Profit for July 2018
At the end of 2017 I told myself I was going to start this blog in January, and yet here I am with my opening post in late July. It’s easy and often convenient to put things on your to do list on hold and then justify it to yourself because there will be time to do it in future. Well, there may be time in the future, but there is also the old saying of “start now and your future self will be extremely thankful for it.” So here I am in the now! I’m brand new to everything with regards to blogging, but I’m going to own this. All things are hard when you first start them, and I may very well be the worst blogger in the world right now, but that just means I can only get better.
I’m a professional poker player from Scotland. I’m Poker Grinder Craig , or just “Craig” to those unaware of this blog’s existence. I’m passionate about poker, learning the German language and creating income outside of poker. The main purpose of this blog will be to hold myself to account so that I’m consistently improving at those three pillars of purpose in my life, as well as every other miscellaneous thing that I vaguely care about.
It’s not about the fear of being average, (I’m way below “average” at many things I do everyday) for me, it’s now all about becoming better. I want to become better at poker, at the exercises that I do, at investing my money more wisely, at waking up in the morning and not sleeping in until the afternoon just because I can. I’d also love to be able to help others get better at poker, learning what they want to learn and making more money. I’ve often found that in so many areas in life the more value you give, the more value you’ll get back. Whenever I have isolated myself from others, my results at poker have always been stagnant at best, which often caused my willingness to learn, diet/sleep patterns and mood to all crash. Whereas my biggest winning months I’ve had in poker have been during times when I’ve engaged in many poker discussions with other poker players whilst keeping my mind as open as possible. I definitely don’t think that’s all been a coincidence.
That’s it. My first blog post! Wasn’t nearly as draining as I’ve been telling myself it would be for the last seven months. And I’m now excited because I know that things are only going to get easier from here.