Matched betting and remortgaging can be great ways to make some extra money. You may save a lot of money by utilizing bookmaker and mortgage lenders’ incentives.
What is Matched Betting?
Matched betting is a technique that allows you to turn free bets into guaranteed profits. All you need to do is place a bet on the opposite outcome to the one offered by the bookmaker. This cancels out the free bet, and you pocket the profit.
What is Remortgaging?
Remortgaging can also be a great way to save money. If you can get a better interest rate on your mortgage, you could save yourself thousands of pounds over the lifetime of the loan. Always compare rates from different lenders to find the best deal.
There are several things to consider when remortgaging, such as the cost of the new mortgage, the fees charged by the lender, and the current state of the property market. It’s also important to make sure that you will still be able to afford the mortgage repayments if interest rates rise.
What’s the discussion at MSE Matched Betting?
Both of these techniques can be great ways to make some extra money. By taking advantage of the offers from bookmakers and mortgage lenders, you can make some serious savings.
However, are there any considerations when dealing with both at the same time?
User savvymum1 asks:
“Hi,
My husband is thinking of doing matched betting. We have a mortgage fixed but will soon be looking for a new deal with the same lender. If he does it will matched betting affect this? If he set it up through a different account could we just not show the matched betting account? What have your experiences been of matched betting?”
User ObserverOfLife had a good response saying:
“However, I would strongly advise your husband to set up a separate bank account/bank purely for match-betting only, it will make it a lot easier to track transactions because if you are going to commit to it, you’ll be looking at 50 different companies as part of it. I would also create a spreadsheet tracking all of the bets, profit and accounts set up.”
Check out the whole conversation here.
