Including how matched betting works
Matched betting is a really great side hustle especially during The Cheltenham Festival. This is one of the best money-making events when you practice matched betting.
You can make over £500 over the 4-days with loads of free bets.
What is matched betting?
Matched betting allows you to profit from the hundreds of free bets and promotions offered by bookmakers. This isn’t illegal or under the table. All the bookies advertise these offers to entice new customers in.
Matched betting is a great tax-free way to make money from home by using the free bets that the bookmakers offer.
The amount that you can make from matched betting depends on loads of things like free bets, the odds or how much you are putting in.
Never tried matched betting before? Then read our matched betting for beginners guide here. It talks you through all the pros and cons of starting and how to make your first £40 with Outplayed.
When is The Cheltenham Festival?
The Cheltenham Festival is on from over 4 days, from Tuesday 12th March 2024 at 130 pm to Friday 15th March 2024. There are 28 races across the four days.
Why is The Cheltenham Festival a good time to make money?
For people that match bet or are interested in horse racing, The Cheltenham Festival is a big deal. It’s a great way to make money from home.
Matched betting is legal and great income source if you know how to play correctly. You can use these free bets to make some great extra income.
This is how to get ready for The Cheltenham Festival
Having a system in place can really help you to make money over the four days.
Outplayed* offers you free use in till you make £40. This gives you enough time to work out if matched betting is really for you.
We use Outplayed as they offer loads of handy guides and walkthroughs. The system is really easy to use.
Read our full guide here about how Outplayed works.
Try and use a Matched Betting spreadsheet: This will help you track what’ve bet on, what you’ve won and the odds. You can download our Free printable spreadsheet one here or make your own.
Start matched betting
It’s really easy to start matched betting.
Taking advantage of betting offers is how you make money while matched betting. Keep reading below for our betting tips.
Outplayed* offers you free use in till you make £40. So if you are new to then it helps you get the idea.
How to make money during The Cheltenham Festival
Regardless of if you know all the ins and outs about matched betting or never done it before, you can still make money.
Here are 11 top tricks to help you earn as much money as possible during The Cheltenham Festival.
Don’t set a money target – It’s impossible to know how much profit you will make. If you have an idea of how much you’d like to win then great but please don’t keep plowing money in. Enjoy anything you do make.
Have a good starting pot – Make sure you have some money behind you to put in. With so many races on you will need the pot to make sure you get the offers you need to make a good profit. The more offers you complete means the more money you could make.
You can only qualify for some offers with a certain pot size so make sure you read the terms and conditions so you aren’t missing out.
Read how to play correctly here before you get started.
Keep your qualifying losses as low as possible – Have a number you are happy with. Mine is up to £1.50 but the higher they are the more they eat into your profit. Keep a note of them so you know how much of your profit is going toward them.
Make yourself available – It’s important that you are making these bets over The Cheltenham Festival. A lot of the offers will only become available while the festival is on so keep checking back.
Stay on top of the offers – This isn’t always easy when there are so many races on. With 28 races happening it’s easy to forget what you’ve been offered. Grab a notepad and write it down for easy recall later.
Place bets as they run – There’s no point placing a bet on the last race when you haven’t on the first one. Check out the offers as they come and watch your exchange pot.
Set an alarm – It may sound crazy but use your phone and set an alarm for when the races are on. This way you can keep checking back without getting obsessive.
Check and double-check the offers – Every offer is different and offers different things. Make sure you are happy and read the terms twice before you commit to anything.
Keep on top of your free bets – Some offers expire so make sure you are using the ones with the closet date and time first. You don’t want to miss out on a good offer just because you forgot!
Check your emails – This includes your spam. You’ll be surprised how many offers you’ll be emailed to get you started. Take advantage of them.
Keep in simple – Matched betting doesn’t have to complicated. Keep it simple and if you feel like it’s getting out of control then stop. Just do what you can do.
If you aren’t using OutPlayed already then we suggest trying them out.
Outplayed* offers you free use in till you make £40 and talks you through exactly how to make money.
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- 15 Money Making Apps That Are Free To Use
- This is How to Make Money Dropshipping in the UK
- How To Become a Home Based Virtual Assistant
Making money online
If you are looking for ways to make money online either as an income or as extra money then have a look at:
27 Ways You Can Make Money Fast Today From Your Phone – These are money making ideas that you can do while on the move. They include survey sites, watching videos and giving your feedback.
101 Genuine Work From Home Jobs in the UK – These are work from home jobs that you could do with very little experience.
21 Online Work From Home Ideas – These are business ideas that you could start if you want to work from home. All of these have very little start up costs and could be started around your day job.
Laura x
If you enjoyed this post and would like some more money making ideas from home, including ways to freelance, start a blog or even earn from your phone, then head over to my making money section here on Savings 4 Savvy Mums where you’ll find over 30 money making posts dedicated to helping you earn more from home and become more financially stable as a family. There’s also tips in my Money Saving Mums Facebook group. You could also pop over and follow my money making Pinterest boards for lots more ways you can earn money from home; Money Making Mums and Working from Home Jobs for Mums.
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