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How much can you make with matched betting? Based on my tracked data from the past two years in Germany, I made about €400 a month on average from recurring offers, and more than €1,000 in months when the bookmakers are generous. That is one person's result, not a typical one and not a guarantee: what you make depends on your country, your bookmakers, your time and how the bookmakers treat your accounts. This post shows where my numbers come from, what a euro of reward is worth on average, and how to get a rough idea for yourself.
New to matched betting? Start with the beginner's guide to matched betting, then come back here.
How much I make with matched betting#
Every bet behind these numbers is logged in MB-Tracker. Two things stand out:
- It is mostly reloads. The monthly average comes from recurring offers at bookmakers where I already have an account, not from one-off sign-up offers.
- The spread is about the bookmakers, not about effort. The months above €1,000 are the ones where bookmakers hand out more: more Freebets, bigger Refunds, more promotions at the same time. Other months come out below the average. You can't control that, so neither number is something to count on.
One more thing about how these numbers were made: I use Back-Lay Back-Lay, where the covering bet is a lay bet at a betting exchange instead of a back bet at a second bookmaker. Back-Lay is slightly more profitable, because the odds at an exchange are usually better than at regular bookmakers. The offers are the same, so with Back-Back Back-Back your factor will likely come out a little lower than mine.
The 0.68 factor: what a euro of reward is worth on average#
The most useful number from my tracker is this one: averaged over a large number of rewards of every type, each €1 of reward turned into about €0.68 of profit, qualifying losses included.
"Reward" here means the headline size of the offer, whatever form it takes. All of these count as €10 of reward, here with a rough estimate of what a typical one makes:
| Offer (€10 of reward) | Estimated profit |
|---|---|
| Freebet Bet €10, get a €10 Freebet | +€7.20 |
| Jokerbet A Jokerbet: bet €10, get €10 back if the bet loses | +€4.30 |
| Rollover A €10 Bonus with a rollover you have to wager before you can withdraw | +€8.10 |
| Average | +€6.53 |
These three alone average €6.53, so €0.65 per €1. Over all my tracked rewards, in the mix of offer types I actually did, it was €0.68.
You never keep the full €10, for different reasons per offer type. A stake-not-returned Freebet only pays the winnings, not the stake. A Refund only arrives if your bet loses, and often comes back as a Freebet. A Bonus with rollover costs a little with every bet you place to clear it. And the qualifying bets cost a few cents too.
How to estimate your own profit#
With the factor you can get a rough idea of a month without calculating every offer:
Make a list of the offers you can realistically do in a month and add up their rewards. For example (this is an illustration, not a real month):
- one sign-up offer with a €50 Freebet,
- one sign-up offer with a €20 Refund,
- twelve reload offers of €10 each, mixed Freebets, Refunds and Bonuses.
That is €190 of rewards, so roughly €190 × 0.68 ≈ €129 of profit, if those rewards behave like my average. In a real month, the result can be well above or below that.
It also works the other way round: €400 in a month corresponds to about €590 of rewards, around two €10 offers a day. That is why the generous months make such a difference: the work per offer stays the same, there are just more offers.
Your own factor may be higher or lower than mine. It depends on which offer types you do most, the odds you find and how carefully you pick your bets. After a few weeks of tracking, use your own number instead of 0.68.
Why your number will be different from mine#
Two people doing matched betting in the same country can end up with very different monthly numbers. These are the reasons, and they play out differently for everyone:
- The number of bookmakers available to you. Every bookmaker is one sign-up offer and, after that, a source of reloads. Which ones you can use depends on the country you live in. My numbers are from Germany; elsewhere the choice of bookmakers and offers is different, and so is what you can make.
- How generous the bookmakers are. This is the biggest factor and the one you control least. It changes from month to month, and reload offers are often not the same for every customer.
- Time. Every offer takes a few minutes: reading the terms, finding the odds, placing both bets. More offers done means more profit.
- Your bankroll. The money spread over your bookmaker accounts limits how many offers you can run at once. Too little, and you have to wait for bets to settle before taking the next offer.
- Account restrictions. A restricted account stops giving you promotions, and with it that bookmaker's share of your profit. When and how quickly that happens is different for every person.
Why your profit goes down over time#
Over time, the number slowly goes down, and my tracked data shows that too. Sign-up offers can be used only once per bookmaker, and bookmakers can limit your stakes or exclude you from promotions, so every restricted account is one source of rewards less. New bookmakers entering your market make up for some of it, since each one brings a new sign-up offer and new reloads. Whatever you do, follow the bookmakers' terms: one account per person, no exceptions.
Track it to know your real number#
I only know my factor and my monthly average because every bet is logged. Without tracking, matched betting profit is a feeling: you remember the good offers and forget the qualifying losses and the Refund that never came.
MB-Tracker MB-Tracker logs both bets straight from the matched betting calculator and adds up what each offer made. Reward The rewards section shows which Freebets and Bonuses are still open, so none expire unused. After a month you see your real profit; after a few months, which bookmakers still give you offers and how your monthly profit develops.
So, how much can you make?#
There is no fixed answer. For me it has been a few hundred euros a month, with some much better months, and yours can look quite different. For a rough idea, add up the rewards you can get in a month and multiply by 0.68, then track your results until you know your own factor. The bookmakers decide how generous they are, so nobody doing matched betting should expect a certain amount of money: treat it as a side income that varies, not a salary.
Bet responsibly#
You must be 18 or older (older in some countries), and whether matched betting is allowed and how winnings are taxed depends on where you live, so check the rules in your country. Only use money you can afford to lose, and never chase a target with riskier bets. If betting stops feeling under your control, take a break and contact a gambling support service in your country.
