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The pandemic has impacted us all. One of the ways that it has impacted people is financially. Whether or not you have lost your job due to Covid-19, we are sure you can appreciate the need to diversify your income. Here are some ideas:
Start a side business
The first suggestion that we have for you is to start a side business. Entrepreneurs like Jozef Opdeweegh can be real inspiration when it comes to something like this.
A good place to start when it comes to starting a new business is with something you are passionate about. If the pandemic has taught us anything, it is that we should spend more time doing the things that we love.
Whether this is selling crafts or starting your own writing business, now is as good of a time as any to start chasing your dreams and what you are truly passionate about. Yu never know where it could end up taking you.
Matched betting
Matched betting is a way to make money through betting without any gambling involved. It is a risk-free approach, and it is completely legal. You will see matched betting featured in a number of trusted publications, from the Guardian to Save the Student, and this is because it is a tried-and-tested method that delivers real results. So, why isn’t everyone doing it? Well, there are two reasons. The first: they don’t know about. The second: they don’t understand it
Matched betting is a process that involves guaranteeing profit from the free bonuses and bets offered by bookmakers. This is something that all bookmakers offer nowadays, from welcome bonuses for new customers to loyalty bonuses for existing customers. They do this to entice people to spend their money, but you can use these deals to guarantee a profit. By this point, you may be thinking: “I know nothing about betting.” You don’t need to! Matched betting does not involve gambling; you don’t need to know anything about football nor do you need to read the racing cards before placing a bet.
Now you know what matched betting is, let’s take a look at the mechanics behind it. Matched betting involves two kinds of bets:
- Back bet
- Lay bet
A back bet is one that is placed for something to happen. A lay bet is placed at an exchange against something happening. If you place both of these bets, all outcomes are covered. Now, if you were to use your own money, you wouldn’t lose anything, nor would you make anything. Both bets would cancel one and another out.
This is where the free bets come into place. When you have a free bet from a bookmaker, and you use the free bet for the back bet, and your own money for the lay bet, you can guarantee a profit no matter the outcome. In most cases, you will end up with around 70 – 90 percent of the free bet amount as profit.
Of course, this seems like an awful lot to take in. It’s a lot easier than it sounds, as there are matched betting services available. These companies have software, which cleverly tells you exactly where to place your bets and how much money to place, as well as the profit you will make.
