What Is Matched Betting? Discover How to Make Money Online
What is matched betting? You may have heard it’s an easy way to make money online.
First of all, you must know matched betting is completely legal. It’s a tried-and-tested method allowing you to take advantage of bookmakers’ free bet offers.
People made thousands of pounds of profit from matched betting. If you’re careful and avoid mistakes, you won’t even lose money. Keep reading to learn more about matched betting and how it works:
What Is Matched Betting?
Matched betting is a form of low-risk gambling. It’s usually on sporting events, allowing you to earn guaranteed tax-free profits. It’s also called “bonus hunting” or “no-risk betting”.
Matched betting uses free bets and other promotions from bookmakers. It then involves betting on all outcomes, thus eliminating the element of chance. Since you cover all outcomes, it means you’ll win no matter what happens.
It’s called “matched” because you’re matching a bookmaker bet with an opposite bet. It’s not a new technique. Matched betting has been around since the launch of the first betting exchange in 1999.
How Does Matched Betting Work?
Matched betting uses the back and lay betting techniques. These matched betting strategies convert free betting credit into real money.
Most online bookmakers offer free bets. These are part of their welcome offer to encourage people to sign up on their site.
There’s no guarantee of winning with standard betting. Using matched betting allows you to remove the risk of the back bet. You can do it by placing another bet against the same outcome.
It allows you to win no matter the results.
Through back and lay betting, you can make a profit off of free bets. You’ll usually end up with about 80% of the free bet amount. For example, a £30 free bet can turn into around a £24 profit.
Back and Lay Betting
To understand matched betting, you must understand the two matched betting strategies. The back bet and the lay bet are the two techniques making up a matched bet.
A back bet is the traditional form of betting. It’s a wager on an outcome you think will come true.
If the position you bet on wins, you win the bet and earn the profit coming with it. For example, if you select a horse in the Grand National, you’re “backing” that horse to win.
Meanwhile, the lay bet is the opposite of a back bet. You’re betting something isn’t going to happen. It’s what bookmakers actually do when they accept back bets.
With a lay bet, if the position you bet on doesn’t win, you win the bet. If it’s a draw, your lay bet still wins since the position still didn’t win the match. Lay bets have become popular with the rise of online betting exchanges.
When you match a bet, you place a lay bet along with your back bet. It cancels your back bet so you win no matter the results.
How to Make a Matched Bet
To place a matched bet, find a matched betting to take advantage of. Try looking through the best sports bets today.
Find a position to back and lay. Keep the odds low and close together to cut the initial loss.
Next, sign up to the bookmaker site and put your qualifying bet. Then, sign up on a betting exchange and place the lay bet there.
Using the free betting credit for the back bet, place your second matched bet. This time, the back odds and lay odds must be high and close together. It helps maximize your profits.
Frequently Asked Questions
We now answered your query about matched betting. Here are other frequently asked questions to consider. They’re great if you want to profit from matched betting.
How Much Money Do I Need to Start?
Most people often start with a small budget of £100 to £200. The smallest amount to start with is £80. However, we recommend starting with at least £100.
With this budget, you can complete one or two offers at any given time. You can turn it into a £10,000 bankroll within a few months.
Matched betting works best when you invest in completing many offers at the same time. It will come once you build your bankroll.
Do I Need Experience in Betting or Sports Knowledge?
No, you don’t need any betting experience or sports knowledge for matched betting. As long as you understand the mechanics and follow the formula, you can make money. The events’ outcomes are irrelevant, meaning any knowledge of sports is superfluous.
How Long Does Matched Betting Take?
First, remember to take matched betting at your own pace. Don’t try to rush into it without completely understanding how it works.
Most people usually spend 15 to 60 minutes on matched betting each day. There’s no pressure to put in a definite amount of time. However, the more time you put in, the more money you’ll earn.
Why Do Bookmakers Allow It?
There’s currently an increase in competition between bookmakers. Because of this bookmaker boom, they’re all scrambling for clients.
Bookmakers allow matched betting through their promotions. They aim to attract both new and regular clients.
Promotions are profitable for bookmakers. It’s why they add more to their platforms every month.
It’s easy to exploit promotions using matched betting tactics. The more promotions available, the more profitable it becomes.
Take note, bookmakers don’t actually “allow” matched betting. However, they can’t stop you from doing it. It’s up to them to decide not to take your bets.
Matched Betting Is Easy Money Online
You now know what is matched betting. It’s a technique exploiting bookmakers’ free bets and promotions. With a matched bet, you bet on all outcomes, ensuring you win no matter the result.
Matched betting is also completely legal. Follow the mechanics explained in this guide and you’re good to go.
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