Great question! Yes it is definitely is legal. We are not sure why so many people think it is dodgy. I guess when it’s this easy to make money online people assume there is something dodgy involved. Not here though. Matched betting is completely safe and legit way to make money online.
In order to profit from matched betting all we are doing is placing bets with various bookmakers. They then reward us with free bets and we bet those as well. Of course we are laying the bets off to make them risk free but that is just another bet at another bookie. Sure bookies don’t like you doing this as it takes away their edge but there’s certainly no rules being broken. We are free to use our bets however we want.
So why don’t the bookies like it.
Simply because they want mug bettors. People who bet on stupid bets and lose their money. They aren’t interested in savvy customers who win bets. Even if you aren’t a matched bettor you will get your account restricted if you win too much with a bookie. They don’t want your business if you are costing them money. Shocking that they can do it but they can. So we need to make sure we look like the average dumb punter and bet on stupid bets as well, but of course we are going to lay them off so we don’t lose money. The bookie doesn’t know that though. That way the bookies will be happy to have you as a customer and keep rewarding you with free bets which means more risk free money for us!
Can anyone get involved?
Yes. If you are over 18 and in the UK you can start making money today. Best thing to do is sign up to a matched betting website like OddsMonkey (full review here). This will teach you exactly what you need to do and how to profit every single day. As I understand you can get into matched betting in other countries however the offers may vary with your bookies and you may not be able to sign up to the lucrative UK bookies depending on your location.