Does Matched Betting affect getting a Mortgage?
The last few years have witnessed an amazing surge in the popularity of matched betting. People from all walks of life have got involved in matched betting. It is a preferable side-hustle for many folks. Still, many of you have doubts related to it, especially about getting a mortgage. Continue reading to clear confusion, if any.
Getting a mortgage
A mortgage means you have taken a bank loan to buy a house. It is your basic need. There is an official process for applying for the loan. You need to be eligible for it.
Firstly, the answer to the question
Before diving deeper into the topic, the short answer to the question is – NO. Getting a mortgage from a bank or financial institution is not affected if you are involved in matched betting. There are no technical hurdles in the process of getting a mortgage.
Is earning from matched betting an ‘income’?
The earnings from matched betting definitely increase your spending capacity. But, on the technical front, such earnings don’t fall under the category of ‘income’. You can show matched betting earnings as parts of your salary. Whether you earn nothing or millions from matched betting doesn’t have any impact on mortgage processing.
The regular ways
You have to depend on conventional methods to get a mortgage. The salary details are mainly important. You have to show your salary proof at the bank. The concerned officials examine it. You get a mortgage when every document is flawless.
Repaying capacity
The mortgage lenders are particularly interested in the repaying ability or capacity you have. Hence, your salary plays a crucial role. Salary means consistent monthly income from regular employment. As said earlier, earnings from matched betting don’t have any significance in this case.
Keeping everything separate
It is very important to have a separate bank account to manage your matched betting operations. Do not mix the transactions with regular transactions of your salary or savings account. Talk to the concerned bank and open a separate account exclusively for matched betting activities. It removes the clutter.
Matched betting losses don’t affect mortgages
Keep in mind another crucial fact – even if you lose a huge amount of money in matched betting, it is not going to affect your mortgages. The lender is not influenced by such things. You can remain secure. There is no problem in getting a mortgage and processing the deal.
No impact on credit ratings
You would be glad to know another thing – your credit ratings are not impacted by your involvement in matched betting. The credit ratings of your account remain the same, whether you win or lose in playing bets. Hence, no issues crop up for mortgages.
Also Read: Does Matched Betting Affect Your Credit Score?
Knowing more about matched betting and mortgage
If you still have any doubts, then it is better to ask for expert help from Free Matched Betting Service Providers. You would gain more confidence on this matter. From a practical point of view, there is no strong linkage between matched betting and getting a mortgage.
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Back bet = betting on something to happen
Lay bet = betting on something to not happen
Betting Exchange = somewhere you can place lay bets
Profit Squirrel = the home of matched betting
Matched Betting = continue reading below 😁
Fractional odds = odds as a fraction (e.g. 4/1)
Decimal odds = odds as a decimal (e.g. 5.0)
What Is Matched Betting?
Matched betting is one of the best ways to make money online. It’s a simple technique that allows individuals to earn a guaranteed profit from bookmaker free bets and promotions.
How does matched betting work? It involves betting on all outcomes of an event, removing the element of chance, whilst at the same time receiving free bets and other amazing promotions from the bookmakers. These free bets can then be converted to cash profit. The reason it is called ‘matched’ betting is because you are matching your bookmaker bet with an opposite bet on a betting exchange.
Matched betting has been around since the first betting exchange in 1999. Previously this technique was reserved for betting traders only, but thanks to Profit Squirrel and our simple to follow, step-by-step guides, we have made it easy for absolutely anyone to make money. Over 70 per cent of our members had never placed a bet in their lives before starting matched betting. We guide you through and support you every step of the way, starting with as little as £10 and making up to £1,000 from the bookmakers sign-up / welcome offers alone!
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Do I need betting experience or sports knowledge?
Nope! You don't need any knowledge of sports or betting to make money from matched betting. We have step-by-step, written and video instructions on all of the offers – you’re guaranteed to make money. The outcome of the event is irrelevant, so any prior knowledge or experience with sports is not needed.
As previously mentioned, over 70 percent of our members had never placed a bet before starting with Profit Squirrel.
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Is Matched Betting Legal?
Sounds too good to be true, right? Matched betting is 100% legal. Profit Squirrel has been enjoyed by over 100,000 people in the UK and has national coverage in The Guardian & The Telegraph. We're simply taking advantage of bookmaker's generous free bet promotions.
So long as bookmakers offer sign-up bonuses and ongoing free bets you will always make guaranteed profits with matched betting.
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Does It Involve Gambling?
Matched betting is not gambling. Despite having the word 'betting' in the name, as well as using betting platforms in our execution of the technique, there’s no gambling involved.
Profit Squirrel teaches you exactly how to cover all outcomes so that no matter the result, you can profit from the free bets.
Start Profiting From Matched Betting Today
A Brief History..
Frequently Asked Questions
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Is Matched Betting available outside of the UK?
Profit Squirrel is the best matched betting site focused on both United Kingdom and Republic of Ireland residents. It could well be that bookmaker's offer profitable free bet promotions in your country of residence, but they will likely vary from those listed on Profit Squirrel. The same principles still apply wherever you are in the world, but you will need to find the offers yourself.
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Will it affect my credit rating and/or mortgage application?
Using bookmakers will not affect your credit rating. Bookmakers only carry out a 'soft search' in order to verify that your registration details are correct. This will never impact your credit rating. Which makes sense as you are not applying for any kind of credit.
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What if I already have some bookmaker accounts?
Even if you have a handful of bookmaker accounts already, we have over 70 welcome offers alone, so there will still be plenty of profit on the table.
We also show you how to make money from your existing accounts too. Sign up and start making money, today!
What is Profit Squirrel?
Profit Squirrel is the home of matched betting. We specialise in helping newbies learn & earn with matched betting, so that they can start profiting from Day 1.
We provide free video guides, software, and calculators. Making money online has never been easier. Profit Squirrel provide many support options, including, live chat (on the website), WhatsApp messenger, email support and a private Facebook community with over 30,000 fellow members.
Your Next Steps...
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Follow our Matched Betting Guides
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Make a start with your first welcome offer
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We have lots of support options!
If you don’t receive an email from us, check your spam filter. The email will be from no-reply@profitsquirrel.co.uk