The Danger of Matched Betting

Matched betting whether using OddsMonkey or Profit Accumulator is a fantastic way to make money online in the UK. However I put this video together to just remind people the danger of matched betting. With this video featuring @Holstead

For help with getting started visit:

Use code PROFITBOSS50 for 50% off your first month
or code OM12FOR1 to get 12 days for £1

[gregprocter]

I used to be addicted to gambling and I use matched betting as a revenge for that.

[matchedbettingfaqs]

Good video Chris, it's an important point as a message to ensure people don't use matched betting a s a gateway to gambling. And I think it's important for anyone who has any concerns about gambling addiction to stay away from matched betting. I promote matched betting as I know its a great source of income for people, and I like to demystify and assure people you can earn money without risk, but the best advice for anyone with gambling addiction worries is to stay clear completely! as you are still in that world. The temptation to not lay can be there and you MUST avoid it. Excellent video to put up.

[davy]

This is the thing with matched betting for some people it lures you into gambling. I know someone who made 10k ten years ago then got hooked gambled it all away plus racked up 50k debt gambling with credit cards, I think he went bankrupt at the end. A very good video Chris to point out the potential danger that it can get you into gambling.

[Labgorilla]

I’m not a gambling addict having worked for years in a betting company. But you’re right. A certain personality type will get addicted. Get in via match betting and then get hooked. I’ve made about £3k and have been banned from over 20+ companies . Treat it as a side hustle. It can’t be used to make a living.

[Devrim]

Ur a Very honest person thank you. I hate gambling and football, but trying to learn matchbetting. I have no sympathy for any gambling company, ive seen the lives they have destroyed over the years.

[DCBEE]

I needed this! I made £1000 in 8 days, £200 from sports and £800 from Casinos (had 2 offers that gave £200 wins). It really does feel like free money and it's very easy to justify in your head "f**k it, it didn't cost me anything and there's a chance for more. The prospect of high gains for little work, especially after my 2 big wins, is very enticing! Luckily I've only wagered £10 here and there so didn't loose most of my winnings.

I want to get into reloads but I can't see how it's possible to make 2 figures a month. Each company had 1 offer per week like bet x5 £10 and get £5 free bet. Even doing 5 of these a week is only x5 £5 bets. I just cant work it out.

[BritishRail]

I see a trend here of some people seriously lack self control. If anyone wants to gamble, then do a structure system of set a limit for a wager and DO NOT exceed that limit. Same with the slots online at the casinos. They are fun but we should not let them consume us.

[kevinhunter]

Watched a few of videos now. Subscribed as you come across as a genuine, top bloke so happy to follow your content and advice.

[mrmadness]

I used to gamble but start match betting. Since then I never gamble. I usually making £1600-£2000 every month. best thing ever happened to my life.

[James-lqpo]

Gotta avoid the greed and FOMO. Trading isn’t gambling though, not if you do it properly with defined risk:reward and stick to a plan.

[xaar]

I gamble myself over 25 years of knowledge, matched betting is even better for me using this edge I know I’ll get slated for it because I feel every mb is anti gambling, but I find I do better than most because of my background, but I have seen a few articles online saying the bookies allow a lot of the mb to happen because they’ll get people addicted to gambling and it’s worth the loses, controversial ?

[watchnoface]

Excellent video!! Great warning for those with the wrong mindset and temptation to gamble and even to refocus and recalibrate those who do approach match betting the right way without gambling. EVERYBODY can learn something here!

[mrdoogle]

I went through exactly this about 6 years ago. I lost around 10k to gambling on online slots. The main thing to me was that it was just numbers on a screen, so it didn't mean much, even though obviously it did.

[paulmidsussex]

Matched betting is not risk free. I had a bookmaker go bust leaving me with high value exposure (£200-£300) of laid positions. The purchaser of the bookmaker refunded the stakes but did not honour the bets. Made me very cautious about betting in advance with smaller less well known brands. Ended up actually making money but it could have gone the other way. Then there was the bet I placed on best picture (Oscars) but laid best adapted screenplay, lack of concentration lost about £200 on that one.

[SEANPOL]

Matched betting needs to be something you enjoy because time spent in a regular job would probably pay better

[johncedricparry]

Honesty and S|implicity! I'll keep watching!

[fender]

@Profit boss you said you won 27k. How many bookmakers did you have to use to achieve this? Because I doubt any single bookmaker would allow you to do that..

[markjackson]

The two arnt connected at all, many people finish matched betting and think they know how to gamble or trade sports, havnt a clue, takes 5 years especially horse racing, in fact the technology has moved on again, any newbies stay away from horse racing theres software out there thats even quicker than the exchange, youll lose the lot in no time, always remember a lady who had a matched betting channel on here and openly said she was going to try her hand at scalping, quite bravely put videos up, I think she bought roughly £1000 worth of courses, to cut a long story short havnt seen any new videos in two years. If you are going to gamble choose a sport you know about, beats me why people throw money at horse racing and all they know is the past 5 races form in the daily mirror

[sitdownproductions]

Great video and excellent advice! Thank you

[jasonislv]

But would you agree that the strategy on extra place is essentially a gamble as well but more like a risk-controlled gamble? It is almost impossible to have extra place bets that are with 0 qualifying lost.