How you can use matched betting to save for your next family getaway

Kids holiday

Once all of the Christmas decorations have been taken down, and we’ve all recovered from enjoying New Year’s Eve a little too much, many of us will combat the January blues by booking a summer holiday for the whole family. And, who could blame us? The post-Christmas sales, coupled with the miserable winter weather that’s on its way, can make it incredibly tempting.

However, once you’ve spoiled the kids, put on a festive feast, and made some fantastic Christmas memories, it’s likely your bank account will be a looking a bit worse for wear. Fortunately, there are ways to make some cash ahead of booking your next getaway, and matched betting is one of them. We spoke to Kevin Sung from the matched betting platform OddsMonkey to learn how you could top-up your holiday fund with this little known but effective method.

What is matched betting?

But, how exactly does matched betting work? The most straightforward example of matched betting is the following: betting sites frequently offer “Bet £X to get £X in free bets” promotions, to attract new customers. And, there is a way to unlock these with virtually no risk of putting your money on the line. It involves placing multiple bets on across different betting sites at the same time so, whatever the outcome, you can’t lose. Because it relies on maths, rather than chance, it’s considered very low-risk — in fact, the only way you can really lose is through human error. You can then use software, such as our platform at OddsMonkey, to turn your unlocked free bets into real cash that you can spend on your next family holiday.

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The amount you can earn depends on a variety of factors, including the number and type of free bet offers you take advantage of, as well as how much you have in your starting pot. To see a decent return, we would recommend starting with at least £100. But, if you’re patient and your goals aren’t too ambitious, you can begin to make money with as little as £10.

What are the benefits of matched betting?

There are a whole host of reasons why people use matched betting when they’re looking to make some extra cash. To begin with, you don’t need to have any previous gambling experience, which means it’s something anyone can do. You don’t even need to be able to name a bookmaker or also enjoy sports. You can start from scratch and will soon have learned everything you need to know.

You also don’t need to start with a massive pot of money to make a return from matched betting. Of course, the higher your bankroll to begin with, the more you’re going to make in a short period. For example, if you wanted to earn a full-time income from matched betting, we recommend starting with a much bigger pot of say £4,000. But, since you’re merely looking to make a bit of extra money to put towards your next holiday, if you start with £100, you could double or even triple that in a month or two. If you’re particularly patient and your goals aren’t too ambitious, you could also build your pot up from as little as £10. But, if you’re hoping to book your next trip at the beginning of next year, a slightly higher amount will help you to get the results you’re looking for.

Finally, a significant benefit of matched betting is that any money you make from it is going to be tax-free. So, all of your winnings will be yours to keep. This is why, when you’re looking to make some extra pocket money, it can be a more attractive option than setting up a side hustle or taking on a second job.

If you’re planning on booking a family holiday come January and are looking for ways to boost your budget before then, matched betting could be the perfect solution. It’s low-risk, tax-free, and easy to do once you get the hang of things. So, why not give it a go?

*Collaborative feature post*

Leyla Preston (590 Posts)

Leyla Preston is the owner and Editor of Motherhood Diaries global magazine for parents. Leyla is a busy mother of two even busier boys; Aron, 8, and Aidan, 7. When Leyla isn’t feeding, managing a gazillion tasks or cleaning the infinite mess at home, she is busy working on this magazine and a new cooking channel coming very soon – no rest for the wicked! You can follow Leyla on Twitter (@M_Diaries) or join the busy Motherhood Diaries Facebook group where all mums get together and share stories and solutions with one another: https://www.facebook.com//groups/motherhooddiaries/