Make £1000 Online with Two Simple Steps: Risk, Tax and Investment Free.
Over the last couple of years, I have been searching the internet for a simple and effective way to make money online in the UK. I have read books, researched the internet and attempted small businesses. But I have never had any success making money online. Below are two simple exploits that will allow you to quickly make £1000 online in the UK.
Everybody wishes to make a passive income online. There are a plethora of ideas out there to make easy money online, but it is often difficult, inaccessible or a scam. The following tricks can allow you to make money online with no upfront costs. It is completely flexible and works by exploiting certain offers accessible on the internet.
I have managed come up with an effective and foolproof way to make £1000 online in a month. Anyone can do it (18+ in the UK) and it does not involve purchasing a course or investing any money. The method is limited to the UK but by exploiting legitimate offers and discounts you can make money online in a short period of time.
There are two steps to this method, the first step takes us from £0 to £100/£200 and then the second step takes us to £1000 and above.
Step 1 – £0 to £100 in one hour – Switch bank accounts and gain an bonus.
Switching bank accounts is a simple and effective method to make up to £200. Depending on when you are reading this and what offer you are eligible for you can make up to £200 in less than one hour.
Simply search ‘Bank switching offers UK’ on google or go to https://www.moneysavingexpert.com/banking/compare-best-bank-accounts. Here you can find a deal that you are eligible for and comfortable with and this will allow you to make up to £200.
I understand that some people may have a current deal with their bank. If you don’t want to leave you can simply create an account with a separate bank, not the bank that is offering a switch deal. Then set up a direct debit with two charities of your choice. Give it a few weeks and then perform a switch. This is a fast and effective way to make money online quickly in the UK.
I was lucky as I had an old bank account that I didn’t use. I set up two direct debits with this account and then completed a switch to first direct for £125.
What is the risk?
There is no real risk to switching bank accounts. The only possible issue is you do not meet the requirements for the higher switch. You may not also not want to switch bank accounts as you are happy. The alternative to this is set up a separate account as discussed earlier and then switch.
Step 2 – £100 to £1000 in a month – Exploit free bet offers with matched betting.
The second step is where the real money is. The purpose of Step 1 was to generate a bank roll to invest in Step 2. If you have a small some of money you can skip the first phase and invest in this phase. However, the more money you start with, the more flexible you can be and the faster you make money.
I made just under £1000 online in just over 1 month of matched betting. I had no prior knowledge of gambling and I thought match betting was for mathematicians and needed to be studied, but with OddsMonkey that is simply not the case.
OddsMonkey is a website that contains tools such as the Oddsmatcher. This works out the odds across multiple betting sites and exchanges. It will then highlight which bets to back and which bets to lay. This basically means you place a bet on one site and then bet agains that bet on a betting exchange on another site such as BetFair.
What is Matched Betting?
As mentioned above, you are betting against your own bets with Matched Betting. Usually on your initial bet you lose around £1 per £10 but this is what you call a qualifying bet. This bet allows you to qualify for a free promotional bet, e.g bet £10 and get a £30 free bet.
You lose up to £1 on your initial £10 qualifying bet but then once you bet and lay with your £30 free bet you can make up to £26 on each promotion.
Once you visit OddsMonkey and sign up they will provide you with a step by step guide on how to do this. But over a month I repeated this process, alongside more advance techniques, and this allowed me to make £1000 online.
Matched betting is incredibly simple, it is also 100% legal and also tax free. If you sign up to OddsMonkey via this link https://www.oddsmonkey.com you can create a free account. This will allow you to test the software and complete the process with two bookmakers making you around £35 before signing up.
OddsMonkey have video tutorials alongside a community of matched betters on their forums. They make it really simple to follow the process and you can always ask questions. The first two offers on the site usually make you around £35 profit. After this you can pay £15 a month (technically free as you are now £15 up). Once you have signed up you gain access to the community, the tutorials and the software that will allow you to exploit free bets with multiple bookmakers.
You can find a step by step guide to matched betting and how to make money from free bets here.
The more you money you start with the more you can make.
The reason I had to start by generating a large bank roll is that when you are laying bets (betting against the bookmaker) you need a larger amount of money. Most people start with £100-£150 but as this is risk free you can start with £500-£1000. This will allow you to exploit multiple offers at the same time and take home a larger percentage of the free bet.
Initially I didn’t know how I felt about the matched betting. As mentioned, it seemed very technical and gambling also seems risky.
Matched Betting is perfect for students or if you are unemployed but I have managed to make £1000 online with this process whilst maintaining a full-time job.
How long does matched betting take?
I usually wake up 30 minutes early for work, set and lay a few bets. Then I spend 20 minutes over lunch to back a few late afternoon bets. I always back some activity for the early evening too. If there are main matches in the evening I will also back them and I spend 20 minutes before bed to back international games whilst I sleep.
I spend on average 1 hour a day but I can easily make between £60-80 depending on promotional offers.
What is the risk with matched betting?
Matched betting is sometimes called risk free gambling as it is both risk and tax free. It is completely legal but understandably the bookmakers are not supporters of the method. The only thing you have to worry about whilst matched betting is being ‘gubbed’. This is the process of bookmakers figuring out you are exploiting their promotions. If you are ‘gubbed’, bookmakers do not cancel your account they just stop your account being eligible for promotions.
There are ways to avoid being ‘gubbed’ and this is called mug betting. You simply place a few bets between every other promotion to make yourself look like the average punter.
Matched betting has been featured multiple times over the years and has been reported on by The Guardian.
The results and my plan to make money going forward
Using these two methods I managed to make £1000 online in a month. The matched betting has provided me with a second stream of income that I can now invest in new projects. This is definitely the most effective way to make money fast.
My plan going forward is to keep matched betting until I can save up enough money to invest in a strategy that will take me from £1000 to £10,000 in 6 months time. Once I have built up a couple of thousand, I am going to try alternative methods to make money online and I will share the journey on this blog.
I wish I knew about matched betting when I was a student because the more time you have to work on matched betting the more money you can make. I have heard of people consistently making over £1000 a month. It is the most effective and accessible way to make money online in the UK.
Summary – Show me how can I make £1000 online?
We have highlighted two simple processes to make money online in the UK. You can switch bank accounts with ease if you meet their terms and conditions and this can make you at least £100.
It is also possible to trial matched betting with OddsMonkey on this link: https://www.oddsmonkey.com/ allowing you to make £35 before deciding whether or not to sign up for £15 a month.
If you have any questions, feel free to let me know in the comments. You can also find me on the Facebook and Twitter.