Matched betting isn't just for seasoned gamblers who have experience with betting. In fact, it attracts individuals from all walks of life with different occupations, ages and backgrounds and one group of people matched betting is particularly popular with is students.
why matched betting is popular with students
Anyone can be successful with matched betting. All it takes is a little free time, a bit of learning and the desire to make money and students are especially interested in matched betting because they usually tick all of these boxes.
Going to university isn't exactly cheap. Course fees, books, student accommodation and of course, sociable nights out, can add up to a small fortune over the year and relying on student loans can see you left with huge amounts of debt by the time you graduate.
Many students find part time jobs but as they haven't achieved their qualifications yet and are limited to what hours they can work, these jobs are generally low-paid and not very desirable.
In steps matched betting for students.
Matched betting can be seen as the perfect income stream for many students as it fits around their lifestyle and can often return more profit per hour than a regular student job could.
There are any benefits to matched betting as a student. Some being:
how much money can you make matched betting?
This is one of the most commonly asked questions but unfortunately, there is no definitive answer. How much money you will make matched betting depends on a number of factors such as:
Let's take a look at these points individually.
How much time you dedicate to matched betting
The more time you dedicate to matched betting, the more profit you will make. It's that simple. With matched betting, we're able to lock in a profit using betting offers regardless of the result. Therefore, the more of these offers we do, the more profit we make.
How much money you have to start
As mentioned above, this isn't hugely important as you can start matched betting with as little as £50. You'll make a profit from each bookmaker offer that you do which will build your bank bigger and bigger. Starting with a larger bank just means that you are able to do more betting offers at once, thus making more profit faster. However, don't let this put you off. If you're serious about matched betting then you'll be doing it for many years to come and so taking things slow at the start shouldn't be an issue.
How willing you are to learn
This point is a big one. Matched betting is a learning curve for everyone. If you've never bet on sports before then you're going to need to learn how bookmakers and betting exchanges work. Many give up before they've even made their first profit which is very frustrating as the benefits of matched betting far outweigh the time and effort needed to learn how it works.
Even once you're on your way matched betting and making hundreds of pounds a week or month, there are new strategies to learn. It's a huge advantage if you take the time to learn these strategies as they can bring in more profit. There are numerous matched betting methods for different betting offer types and it's worth learning as many as you can to maximise your profits.
Reinvesting your profits
When you first start matched betting, it's likely that you'll start with a relatively small bankroll. You'll make a good profit from every new customer offer you complete and it's a good idea to reinvest these profits into matched betting so that you can complete more offers and make more profit faster.
The batch of new customer offers can return around £1,000 of profit and depending on how much free time you have, you may be able to work your way through these in around a month. It's tempting to spend these profits but it's a good idea to keep them aside in the early stages. Once you have built your bank up to £2k-£3k, then you can start dipping into your pot as by this time, you should be making enough money to take some out for spending and still be able to grown your bank.
student matched betting getting started guide
If you think matched betting may be something for you but you don't know where to go to get started then don't worry, there are many helpful guides and resources out there.
Sites such as this one contain a lot of useful guides on matched betting to help you understand how it works and what you need to get started. However, one thing that you will need to do is to join a matched betting service. These are sites which help members make money through matched betting and provide everything you need.
Some benefits of joining a matched betting site are:
There are many matched betting sites out there and so it can be hard to know which one is best to join. It's a good idea to stick with the more established matched betting sites which have been around for years and who have helped thousands of students make money from matched betting. Some of these sites include:
Best Matched Betting Sites for Students
ProfitSquad - Our most recommended matched betting site. ProfitSquad have the most profitable offers listed and have an excellent community of dedicated and experienced matched bettors. Membership costs just £1 for 14 days and you get access to hundreds of offers along with guides on how to make a profit from each one. To learn more, read our ProfitSquad review.
MatchedBets - MatchedBets.com are one of the best matched betting sites for beginners. They provide excellent offer guides and have a dedicated support team who are extremely knowledgeable. Members also have access to a real-time chat application where they can chat with other members, ask questions and learn from others. MatchedBets review.
OddsMonkey - OddsMonkey are a popular choice as they are a good all-round matched betting site and have been online, as a matched betting service, since 2016. They're a good choice for beginners and more advanced users and have an excellent range of tools and a huge community of members. Read our OddsMonkey review for more info.