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Victoria Sully Nov 2018 Circle Logo

 

Welcome to the Lylia Rose UK money and lifestyle blog.  My name is Victoria Sully.  I'm a busy mum of two, wife, full-time blogger and online money-maker who’s always trying to make and save more money.  I’m passionate about making money online, healthy living and blogging.  I’m a mama on a mission to be healthier and wealthier!  Please join me on my journey.


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Category: Matched Betting

  1. Does matched betting affect mortgage application?

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    One question I see raised time and again about matched betting is whether it affects a mortgage application.   In this blog post I am going to explore my own experience of applying for a mortgage whilst being a matched bettor.

    Our fixed deal was coming to an end and so we applied for a new mortgage at the end of last year to lock in a great new fixed rate.  It was the first time I had applied for a mortgage since starting matched betting two years ago and so I was slightly nervous to whether matched betting affected my credit score and if my mortgage application would be denied. 

    Does matched betting affect mortgage application_ (1)

    Will matched betting affect my credit score?

    I’d read plenty of online guides saying that matched betting won’t show up on your credit report.  Online bookies do a soft search on your credit file, but nothing that a mortgage lender can see.  Phew.

    Still, I wasn’t 100% sure how true everything I read online was, so I was still really nervous putting through our mortgage application.  What if it was all lies?! J

    One thing I did know about mortgage applications already, having previously been through the whole process, is that they want copies of around three months’ worth of banks statements.  I guess this is so they can see what’s coming in and out.  It proves your incoming income and also shows how you manage your money and where your expenditure goes.

    Should I stop matched betting if I want a mortgage?

    Some people suggest stopping matched betting before applying for a mortgage, but I followed a better idea which was to open a separate bank account.  Not only that, but I recommend opening a separate bank account with a different bank, just to be safe!

    I have a ‘matched betting’ bank account with a bank separate to where all my main current accounts are for incoming salaries and bills.  I kept totally shush about this bank account during the mortgage application and only shared statements of my main current account where all the normal household activity is, as well as my credit cards.

    make money online matched betting profit accumulator

    Keep a totally separate matched betting bank account

    I’d also not recommend transferring money from your main bank account to your matched betting one.  We transfer money to our savings account each month and also both our children’s savings accounts from our main account.  The mortgage lender wanted to see statements from all the different accounts that we had been transferring money to for the past three months!  Madness!  We were never asked this when we first applied for a mortgage around five years ago.  I just thought it was super nosey!

    Luckily I never transferred any money into my matched betting account or else I would have been rumbled!

    Do mortgage lenders even care if you are matched betting?

    I’m not sure whether lenders would accept matched betting as an excuse when they see an entire bank account only with transactions to and from online bookies, but I didn’t want to risk it.

    And to be honest, they might not even care.  It’s not up to them how you spend your own money; rather they are looking to judge whether you are capable of paying back their loan.  If they think you have a gambling addiction then I expect this could be a problem, but of course I’m not an expert.  

    I, myself, simply didn’t want to take any risks of having my mortgage application denied because I’m a matched bettor.

    I did panic when our application and all our copied of statements were sent off, that they’d somehow be able to see I had another current account at another bank and they’d demand to see it!

    My mortgage application was accepted even though I am a matched bettor

    As you can imagine, I was very relieved when I got the call to say everything had been accepted and our new mortgage was going through!  Phew!

    So, to roundup, here is what I did.  I have no idea if the banks really care or whether this helped hide my matched betting from the mortgage lender, but I’d still do it the same way in the future, just in case!

    • Keep a separate bank account for matched betting
    • Have that bank account with a different bank
    • Don’t transfer any money from your main bank account to or from your matched betting account
    • Don’t mention matched betting or the account when applying for the mortgage
    • Do not include matched betting earnings as part of your income on your application
    • Only use matched betting to make a profit and keep records of this (if they had seen the account then I had proof I used it as a money-making venture only)

    And finally, what is matched betting?

    Matched betting is a way of making a profit from the free bet offers that bookies regularly present.  In short, you cover all outcomes in order to extract a profit from the free bet. 

    It sounds complicated at first and I started without fully understanding it myself, but I simply followed all the instructions on Profit Accumulator to a T and was amazed I made profit.  Over time I figured out how it worked.

    Matched betting is a great way to make some extra income on the side in exchange for some of your time.  I made around £1500 in the first couple of months as the sign up offers are really profitable.  You can then continue to make money with reload offers, but they’re not quite as lucrative.  In two years I made over £5000 doing it on the side, sometimes for only half hour a week depending on the availability of offers.  Not sure it’s legit?  It was featured in The Guardian here.

    This is the company I use and recommend if you want to try matched betting:

    make money online matched betting profit accumulator

     

    Read more about matched betting here:
    One Year Review: How I earn up to £50 per hour matched betting from home 
    I’ve made £300 tax free cash from home in 2 weeks and you can too!
    £753.62 Matched Betting Profit Month One (and silly mistakes)
    Not sure about matched betting?  Make £40ish now to see if it’s for you!
    Matched Betting Profit 2 Months: £1341.81
    Matched betting profit after 3 months: £1706.81

    Click here for all my matched betting blog posts

    Save time and money with Look After My Bills

    Does matched betting affect mortgage application_

     

  2. Matched betting milestones 18 months and £5000

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    18 months of matched betting

    I have now been a matched bettor for over 18 months, which is amazing as I had no idea if it was possible to make an income long term, but it is totally doable.  For me it’s just a very part time income, but this year I’ve managed to make from £125 to £413 per month, whilst usually making around the £200 mark.  This month I’m up to £230 so far.

    It’s amazing as when I started I was advised the sign up offers offer the most reward and many people who had tried it said that was the only way to make money.  But there are plenty of reload offers and though they aren’t as amazing as the sign up ones, they still offer great value and a way to make an ongoing regular income.

    I’ve always only ever taken part in the offers and haven’t ever tried mug betting which is pretending to be a regular punter to keeps accounts in good order.  There’s often debate in the matched betting forums to whether this tactic even really works, but many swear it does.  As I haven’t done mug betting, or whether it’s just random, I have been ‘gubbed’ from 13 bookies.  This means I can still place bets, but my account is restricted and I can’t take part in the offers.  This means I can’t matched bet with these bookies as I need to take part in the offers to be able to make a profit using matched betting methods.

    My point being that even being gubbed from 13 bookies, I can still make a nice part time income every month for very little time and effort.  Just imagine if I still had those 13 to utilise too, I could probably easily double or triple my income as many of them were top bookies with great ongoing offers.

    Other matched bettors and bloggers I see writing about it make far more money than me, some even a full time wage!  I’d say this would be quite difficult to guarantee and very time consuming, but if others are doing it then anything is possible.

    If you’re concerned whether matched betting is moral.  Here are my thoughts:

    Is matched betting a gateway to gambling and is it dirty money?

    matched betting banner

    Over £5000 profit so far

    I also reached another milestone of over £5000 profit.  This is incredible and it’s also tax free!  It’s classed as gambling winnings (even though by following matched betting methods you’ll make a profit, so long as there’s no human error) so it’s all money in my pocket!

    I do leave a bank roll of around £800-£1000 at all times in my matched betting accounts and matched betting bank account (it’s best to have a separate account as it’s all bookies and exchanges and not great to use your main account in case you want a mortgage, etc…).

    So I know I always have that money there if desperately needed, but it’s best to leave it as a matched betting pot so I can take part in as many offers as possible each week.  Some people have higher bank rolls and some less.  I built mine up from matched betting.

    I started with around a £100 investment of my own cash and then took my time to grow my profits and bank roll with my winnings as time went on.  I quickly made £1500 in my first 6 weeks or so.  I made £300 in the first two weeks!  It’s very quick to make the money with all the amazing sign up offers.

    Conclusion

    Matched betting has been an amazing way for me to make some money as a side hustle from home and online.  It’s a great way to top up my self-employed earnings.  Earnings can vary, but this year I’ve been able to average around £200 per month.  My aim will continue to be £100 and that way anything over is a bonus.  I’d definitely recommend it as a way to make a little extra cash (quite a lot to start) if you have a bit of spare time to invest.

    I also highly recommend Profit Accumulator who are the company I learnt it through and who find me the offers every month.  I pay a £14.99 fee per month and it’s totally worth it.

     

    Click here to try Profit Accumulator today!

    matched betting banner

     

    Read more about matched betting here:
    One Year Review: How I earn up to £50 per hour matched betting from home
    I’ve made £300 tax free cash from home in 2 weeks and you can too!
    £753.62 Matched Betting Profit Month One (and silly mistakes)
    Not sure about matched betting?  Make £40ish now to see if it’s for you!
    Matched Betting Profit 2 Months: £1341.81
    Matched betting profit after 3 months: £1706.81

    Matched betting milestones 18 months and £5000 (2)

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  3. One Year Review: How I earn up to £50 per hour matched betting from home

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    I can’t believe it, but I’ve already been matched betting over one year.  I was planning on writing a one year update, but time has gone so quickly and I’m now into my 14th month of matched betting already.  I’m only matched betting for around 1-2 hours per week at the moment and I’m making £100-200 per month thanks to matched betting company Profit Accumulator guiding me through each offer and finding them all for me which saves hours of time every week.

    This month I don’t feel like I’ve spent more than one hour per week matched betting as I’ve just taken part in some of the easiest and quickest offers available to me, but I’ve made £200 which is great.  I luckily won £40 on a risk-free slot offer which really boosted my winnings.  I usually never win much on slots, so it was a massive surprise.  The slot offer was simply some free spins, so I didn’t have to pay anything upfront and made 100% of whatever I won.  I love the simple offers like that, though they aren’t massively regular.

    For me the beginner’s offers were definitely the most lucrative and where I made the quickest and easiest income.  You can catch up on these blog posts here:

    I’ve made £300 tax free cash from home in 2 weeks and you can too!
    £753.62 Matched Betting Profit Month One (and silly mistakes)
    Not sure about matched betting?  Make £40ish now to see if it’s for you!
    Matched Betting Profit 2 Months: £1341.81
    Matched betting profit after 3 months: £1706.81

    One Year Review How I earn up to £50 per hour matched betting from home

    Even if you only take part in matched betting for the beginner offers, it’s worth it.  You could make £1000-£1500 easily within a few weeks, for a small amount of time.  Why not try doing it whilst sat on the sofa watching TV each evening?  Just make sure you concentrate when you need to though and don’t get distracted at the important parts of placing the right bets!

    One brilliant tip to make even more money, which I stupidly didn’t realise when I began, is to sign up to each bookie through Top Cashback.  That way you’ll also get cashback for every bookie once you’ve placed enough bets, which is more than likely if you continue matched betting.  Many of the cashback offers are very high, around £30-£50 per bookie.  It’s a great deal and I wish I’d realised when I started.  I cottoned on a bit too late and only managed to get cashback for one of the bingo sites.

    If you’re concerned whether matched betting is moral.  Here are my thoughts:

    Is matched betting a gateway to gambling and is it dirty money?

    As a way to make extra cash from home, it’s one of the best ways.  There are some bloggers who have even made £100,000 from home in one year by hitting some great jackpots on the slots, for example.  Others make a full time income by learning all the various tactics and taking part in much more than I do.

    For me it’s continued as a side hustle and is a great boost to my other at-home earnings.  I didn’t follow all the recommended strategies such as ‘mug betting’ which is placing a few pretend real bets (they’re pretend as you back and lay your bets so only make a small loss of say 20p each time) to look like a real punter.  This has led me to be ‘gubbed’ (restricted from certain offers, mainly free bet offers) on 11 of my bookie accounts.  Frustrating!  But I expected it as I was only taking part in the offers on all the accounts.  I continue to do this so I won’t be surprised if I lose more, but my plan is to just keep going until that happens.  Even with losing 11 accounts I can still make a nice profit of £100-£200 per month for 4-8 hours work per month.  That’s up to £50 per hour.  I can’t complain

    Another thing to note now I’ve been matched betting for over one year is my monthly Profit Accumulator fee has reduced!  It was £17.99 but it’s now £14.99 a month as a loyalty bonus.  So that’s an extra £3 in my pocket from now on.  If you use PA then make sure you email them after your one year anniversary to request your loyalty bonus.

    Matched betting continues to provide me with a part time source of income even after one year.  If you are a bit savvier than me or even have more spare time to commit to it, you can make a lot more per month than I do.  Even if you’re not looking to be a long term matched bettor, you can easily make over £1000 in a matter of weeks from the sign up offers.  PA, the company  I use, walk you through two offers for free, so you can see just how easy it is.  It seems complicated at first and my first bet took me one hour to place as I constantly re-read the information, but now those sorts of bets take me a few minutes to place!

    Good luck if you decide to try it.  I can’t wait to hear how much you make.


    Click here to try Profit Accumulator today!

    One Year Review_ How I earn up to £50 per hour matched betting from home

     

  4. I made over £3000 matched betting in 2017

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    I can’t quite believe I’ve almost been matched betting for a whole year!  I started at the end of January 2017.  I also can’t believe I’ve made over £3000 from matched betting already!

    Some people make a lot more.  Many claim it’s possible to make a full time wage from matched betting.  I’m only making one hundred pounds or so per month now, but I don’t take part in everything that’s possible.  I just don’t have the time.  It’s a side hustle for me when I have the time.

    Many people question, is matched betting legal?

    Yes it is.  Plus the winnings are tax free as it’s technically classed as gambling proceeds, even though it’s not gambling.

    For more clarification and my views on that see: Is matched betting a gateway to gambling and is it dirty money?

    Matched betting is maths.  It’s not gambling, even though people time and time again, who don’t even do it, think it is.

    There are a few articles in The Guardian telling you all about it.  Just Google and you'll see.

    My grand total of profit to date is £3206.04.  That’s since the end of January this year, so 10 months in total.

    I made over £3000 matched betting in 2017

    I’m pretty chuffed with that.  In the beginning there were loads of sign up offers so I spent one hour or more doing them every day.  I made around £1700 after just 3 months.  After this I’ve spent 0-30 minutes a day matched betting.  Sometimes I don’t matched bet at all for days as there are no offers for me or I’m too busy.  Last month I still made £167 for no more than 30 mins work 3-4 times a week.  That’s around £20 per hour.

    My profit also takes into account my monthly membership fee at Profit Accumulator of £17.99 per month.  This goes down to £14.99 after one year.

    I couldn’t do it without them!  They find and collate all the offers into one place and talk me through each one.  I can quickly check this website every day to see if there are any for me.  You could scout the bookies and net for the offers, but for me it’s worth paying the fee for some hand holding and them doing the legwork for me.  I highly doubt I’d have made as much if I was trying to work it all out by myself.  Plus they offer tools to find the best bets and a calculator to tell me exactly what to bet where and it even tells me the exact profit I’ll make on each bet.

    Matched betting is a great way to make extra tax-free cash from home if you can spend a little time most days checking the offers and completing some.  You’ll need to be organised too and keep a record of all the offers you’re completing and your profits.

    I highly recommend using Profit Accumulator for matched betting as a beginner.  They have so many guides and walk you through the whole process in the first few offers.  If you are stuck you can ask a question in the forum and someone will get back to you.  They also have a 30 day money back guarantee on their memberships, plus you can try the first couple of offers without even signing up to anything.

    Please note – As I’ve said before if you are worried about becoming addicted to gambling or have been addicted then it’s probably not for you.  Matched betting is a way to make money from bets, not lose it.  If you follow the process properly you’ll make profit and that’s what it’s all about.

    Click here to try Profit Accumulator today!

    Previous matched betting posts:

    I’ve made £300 tax free cash from home in 2 weeks and you can too!
    £753.62 Matched Betting Profit Month One (and silly mistakes)
    Not sure about matched betting?  Make £40ish now to see if it’s for you!
    Matched Betting Profit 2 Months: £1341.81
    Matched betting profit after 3 months: £1706.81

     I made over £3000 matched betting in 2017

  5. Is matched betting a gateway to gambling and is it dirty money?

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    Is matched betting a gateway to gambling and is it dirty money?

    I was recently questioned for my ethics on Twitter when promoting the matched betting company I use.  Matched betting has provided me with over £2700 in tax free cash this year.

    It's a great way to make extra cash on the side at home.  I also don't think it's wrong.  I hope adults are able to gamble responsibly and know their limits.  Here are two questions that were raised and my thoughts.

    1.     Is matched betting a gateway to gambling?

    Yes it may very well be for a very small minority, just like anything can be a gateway to something; alcohol a gateway to alcoholism, sugary foods a gateway to obesity, a store card a gateway to a shopping addiction, a bank loan a gateway to debt and so on.  But does that mean we should all stop doing these things because they can have a dark side?  Most people I know drink alcohol, for example, so I expect they’d say no, even though the availability of it can cause death to some people.  Everything has another side.

    The entire purpose of matched betting is to make money, not to lose it. The opportunity to gamble is always there.   It was there before I started matched betting, yet I never felt tempted by it.  The only reason I started matched betting was to make money, not lose it, so it won't be a gateway to gambling for me. 

    Important - If you think you'll gamble or you've had an addiction, then don't start matched betting! The same as if you don't know when to stop drinking or have been an alcoholic - don't start drinking again! If, like me, you had a shopping and debt addiction then stay away from the store cards!

    Not sure about Matched Betting Make cash from home now stay at home mum blo

    2.     Is it dirty money?

    I like to think its money that responsible adults have agreed to lose, just like myself. Calling it dirty gets complicated.   Yes some of it may be, but that’s not my fault or responsibility.

    Dirty money is everywhere if you really want to look and trace the source of every penny.

    Many banks have greatly been funded by wars and still continue to make money from weapons, etc.  Yet I borrow money from my bank for my mortgage and loans.  This must be dirty money too. 

    Should we all feel guilty about this or never use a bank again?

    If winning a bet gives you 'dirty' money, then playing the lottery has to be the same.  It’s gambling and I bet many people with an addiction take part in their games.  But also nearly everyone I know, without an addiction, plays the lottery and wants to win.  Many lotteries also give vast amounts to charity and good causes.

    Does this mean all these charities are funded with dirty money?

    Again, I’d like to think not and assume the vast majority of the money comes from responsible adults who can make their own decisions.

    Are you a gambler without realising?

    If someone asked me if I gambled, I'd probably immediately say no. But actually, I am. Not through matched betting, but in other ways. The word gamble conjures up something bad and an addiction, but many of us are gamblers. Here are a few ways I gamble, and you might too:

    • Raffles – yep charity raffles, school fete raffles, it’s a form of gambling – you might lose your money!
    • National lottery – I play every week and most people I know play regularly
    • Money pools – I’ve taken part in these at either work or with friends to guess a baby due date, for example
    • Owning shares – I have shares in the company I used to work for and there’s the risk they could lose their value and I could lose some money or all of it
    • Buying scratch cards – I rarely buy scratch cards, but every now and then, like twice a year, I get the urge and grab a couple for Ben and I for fun
    • Visiting the casinos in Las Vegas playing slots and roulette
    • Having a go on the 2p machines on the pier at Weston Super Mare

    Many people I know also enjoy going to the races, especially as I live by Cheltenham, and putting money on horses for fun once a year!

    Is matched betting for you?

    If you want to make money and DON'T want to gamble, then yes it's for you. If you have any doubt that it will turn into a gambling addiction for you personally, then no, it's not for you.

    If you think it is for you and you’d like to find out more, why not catch up on some of my previous blog posts about matched betting here:

    I’ve made £300 tax free cash from home in 2 weeks and you can too!
    £753.62 Matched Betting Profit Month One (and silly mistakes)
    Not sure about matched betting?  Make £40ish now to see if it’s for you!
    Matched Betting Profit 2 Months: £1341.81
    Matched betting profit after 3 months: £1706.81

    The matched betting company I use:
    Click here to try Profit Accumulator today!

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    Is matched betting a gateway to gambling and is it dirty money

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