An option is to temporarily ease off your matched betting or have a hiatus from it when you are about to make any significant financial changes or applications such as major loans and mortgages. In that case, you may want to stay clear of recurring betting transactions on your bank account. Suppose you are applying for a loan or mortgage sometime soon. It should have little-to-no impact on your eligibility or creditworthiness, but this is by no means guaranteed. Since they cannot differentiate between gambling and matched betting on your bank statements, this activity can affect your ability to qualify for a mortgage.ĭoes matched betting affect mortgage applications? The number of transactions and amount of money you spend is likely to be considered low risk by mortgage lenders. When a bank or lender considers applications for a home loan, spending habits will be a part of this. Always try to use a debit card wherever possible or consider other options (see below). If you miss payments on your credit cards, you will see your credit score plummet. Like any expenditure not specific to matched betting, credit rating can be affected if you misuse your credit card (especially when borrowed money is not immediately paid back).Īs ever with a credit card, if you eat up the amount of money you have available, you will see your credit score plummet. Using a credit card to fund your matched betting can impact credit scores regarding managing your credit card as part of your finances. Most soft checks on your credit report should disappear within a year. Lenders won’t be able to see them, nor should they have any impact on your credit score.

If you regularly check your credit report, you will see these checks.

Whenever you register for a new bookmaker or online casino, there may be a soft mark on your credit report this is because they may carry out a credit check to double-check your ID age and to guard against money laundering. As with all things financial, if you are uncertain about anything that affects you, please seek professional financial advice. You don’t need to overly worry about it (see our tips at the bottom of the post), but it never hurts to look into things a little further for assurance.ĭisclaimer – all advice and guidance is researched and agreed upon in the matched betting community however, please do not consider this official financial advice. In most cases, matched betting will not impact your credit score. If you want a short answer, then it is no.

Is matched betting addictive