I’ve done a fair bit of matched betting over the years - firstly, it is not gambling - prior to placing a bet you know exactly what the outcome will be. Secondly, there is risk, but, that risk is only your own human error - don’t underestimate that (I can speak from experience here!).
As Recchan says, you basically utilise the different offers bookies put on. You basically bet both ways (it will happen, or it won’t) on a particular event, but one of those bets will be your free bet and so you make a guaranteed amount of money. It takes a fair bit of effort to manually work out how much you need to bet each way, but luckily there’s websites that’ll do it all for you. This is a great website to get you started if you do decide to do it: https://matchedbettingblog.com/
In summary, it’s not gambling, but there are risks because one mistake can be costly. I accidentally bet the same way on something twice and lost a couple of hundred pounds because of that one mistake - takes quite a while to build that back up. Also, sometimes you need to bet over £100 to make £5, so it can be quite intensive for not a high reward (will also make it damn confusing keeping track of stuff in Emma ). The first £100-200 is fairly easy to make, and then it gets more difficult to find decent offers.
Like Mudlark says, it’s not gambling as long as you follow the logical process and won’t lose money as long as you avoid human error in execution of the maths.
But (stating a bit more strongly than Mudlark) after the first £100-£200 (which is fairly easy) it’s boring AF. I prefer to invest time that requires being switched on mentally in education/career progression.
As above, it’s definitely not gambling. You can make mistakes, but there’s definitely money to be made. Especially out of the initial sign up offers.
I’ve been doing it 2 months and have made over £1000. That’s spending about an hour a night for 4/5 nights a week. I’ve done most of the sign up offers now, but there’s still money to be made from regular offers and free bet clubs from some bookies.
I signed up to www.oddsmonkey.com and paid the monthly fee. It’s been well worth it as their calculators do a lot of the work for you.
Not had any physical mail from any of the bookies I’ve signed up to.
I wouldn’t advise shutting your account, as it’s not just the sign up offers that you can make money. Most bookies regularly email out offers to keep people betting, and some have weekly free bet clubs where you can make money each week.
I wouldn’t think so, but they might only want UK users. Unless they do address or ID check, I should be able to register. I have not looked into the articles Lilli mentioned, but I would assume I would need to get a UK bank account in order to withdraw money.