Matched Betting – Complete Guide
Want to know more about matched betting?
Want to make money betting? Then you should be familiar with how to do matched betting!
Matched betting is a low-risk gambling strategy that promises amazing returns. Also called no-risk betting and bonus hunting, matched betting is a technique that capitalizes on free bets. It allows you to profit from free bets and promotions that bookmakers are offering.
Want to know more about matched betting? Interested in giving a try? Keep on reading and learn from the valuable insights we’ll be sharing in this short guide so that you can do it like a pro!
So, What is Matched Betting?
Simply put, matched betting is a method of turning free bets into instant cash. It is a risk-free method that requires the application of a mathematical equation rather than leaving things to chance. You will be placing bets in two opposing stakes to eliminate risks.
In this matched betting guide, we’ll also talk about how it works so that you can further understand the concept. First, it should be noted that matched betting is not gambling. In gambling, there is a risk of losing. Meanwhile, with a matched bet, you are guaranteed to win all the time.
Let us say that Bookmaker A is offering a $10 free bet if you bet $20. To get the free bet, you will first need to make an initial bet of $20, and this is what will be called the qualifying bet.
The qualifying bet, on the other hand, will be divided into two. This means that you will win regardless of the outcome because you have divided your $20 into two bets. The best thing is that you still have the $10 bonus. This is free money at this point, and this is what you will be using to make another bet.
Now that you know what it is and how it works, let us talk about the profits that you can win. For every matched bet, you will have up to 95% of the free bet as your profit. This is because in the case of most betting exchanges, they will place a commission of 5%. The profits can be different depending on the platform that you are using and the odds of the games where you will be betting.
Types of Matched Betting
In matched betting, you can place to main types of bets, which are briefly mentioned below:
- Back Bet: This is the most common form of a bet. This is a bet on what you think will win. For instance, you are backing England to win their next game. You will then place your bets in online bookmakers. If England wins, then you win your bet and the profit.
- Lay Bet: In contrast, a lay bet is a bet against an outcome, which means that you are betting that something will not happen. Going back to our previous example, a lay bet is betting that England will not win. If England loses or if the game ends in a draw, then you win.
How Do You Place Matched Bet?
If you want to get started in no risk matched betting, you need to know how to place bets. Luckily, this is an easy process. Below are some of the things you will need to do.
- Start by searching for a website that offers matched betting. After this, you need to create an account.
- Identify the outcomes of back and lay. At this point, you will need to analyze the odds.
- In your bookmaker account, place a qualifying bet.
- In your betting exchange account, place a lay bet. Used a matched betting calculator to determine the odds.
- Now, place the back bet using your free credit.
Is Matched Betting Safe and What are the Risks?
YES, matched betting is safe! In principle, it is risk-free. Mathematically, it guarantees profits. It is one of the safest ways of making money online. There are no risks because you are taking advantage of free offers and you will get a return from your matched bet. However, according to the Advertising Standards Authority, while it is theoretically-sound, the process can be prone to human error.
The risk is that there is a potential to commit a mistake, especially if you are not aware of how it works. There is a small risk that can confront you, but you can eliminate these risks if you know how to do things right.
Matched Betting FAQ
Before you start searching for the best matched betting offers currently available online, allow us to answer a few questions you might have.
- Is matched betting legal?
Yes, matched betting is 100% legal. It is a tried and tested method of winning money. You do not have to worry that you will be going against the law if you try this hack. Bookmakers, however, may be unhappy because it does not allow them to make money from their bettors.
- Is matched betting ethical?
We believe that there is nothing unethical or immoral about matched betting. It is a simple technique that even bookmakers are aware of. It is a free bet and you can do whatever you like. It may not favor the bookmakers, but this isn’t a form of cheating, so no need to worry about ethics.
- Is matched betting gambling?
Matched betting is not gambling. While you can make money out of the system, this is not gambling. In gambling, there is a risk that you will be losing money, which is one thing that will not happen in matched betting.
Now that you reached the end of this matched betting guide, we hope that you were able to learn a thing or two about how it works and how you can profit from it. It can sound complicated at first, but it is simple in practice. It is all about taking advantage of the free bets that bookmakers are offerings, then placing a bet on both sides.
What are you waiting for? Now is the time to try matched betting and see if it works.