Is Gambling Tax Free In The UK, and Do You Have To Declare Winnings?

A question I get asked a lot, is whether Betfair trading profits, or gambling winnings are really tax free in the UK; and it is a very good question, because we are all usually aware of what needs to be declared to the Inland Revenue, but is gambling really tax free? There has been quite a few shifts in law from the UK Inland Revenue over recent years on whether punters actually pay tax from any winnings from bookmakers, trading activities, (Forex) or from Betfair. I suspect...

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Free Compound Interest Betting Calculator – The Power Of Compounded Interest

If you are looking for a free compounded interest betting calculator, then I quickly created one over the weekend due to the confusion of a few website visitors who were struggling to see the true potential of compounded interest when gambling. Now if you have never used such a calculator before, then I think you will be very surprised at just how much compounded interest really grows, and can add to your betting bank. Most people are very surprised by this, and I think you...

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Profit Accumulator Review Matched Betting Website

Profit Accumulator has been around for 12 months or so, started by Sam Stoffel and is basically a matched betting service. But, is it the best option for you? Does it really work, and is it worth joining? These are some of the questions I have been getting asked recently about profitaccumulator.co.uk. Now, if you have never heard of matched betting, then you really need to read this page, because although Profit Accumulator is a fairly popular service, the actual process of...

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Profit Genie Review, is it worth joining over other services?

Profit Genie is a website that started earlier this year in 2015, by a lady called Sally Brealey, that has started on the back of the matched betting phenomenon. The website is: www.profitgenie.co.uk, and it actually has a very familiar outlay, with first impressions being that it is almost a carbon copy of Profit Accumulator. The reason I say the website looks similar, is because it does; and I suspect, like many others now entering the matched betting arena, the business...

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