What is matched betting?
Want your betting portfolio to grow without increasing your risk and budget? Then make sure you get started with matched betting.
Here’s how it works.
Matched betting with solid betting system and a good betting bank can make you some real good profit.
Tips And Tools To make money with matched betting
We will explain how you can make money with matched betting that keep both your betting bank and portfolio happy.
Below we have listed the most important things you should know regarding matched betting, that make profit in the long run and at the same time is useful for your development.
1. What is Matched Betting?
Matched betting can be complicated, and it may take some time to make it work effectively.
Basically, matched betting is about converting “free bets” offered by bookies – into real money.
The reason why many people like matched betting are because the risk is low.
You do not need any experience in betting or knowledge of sports in order to make money sports betting when you have the matched betting approach.
Since it uses a mathematical method to make a profit from the free offers that comes from bookies out there.
So with that in mind, let’s take a look at how matched betting works.
2. How Does Matched Betting Work?
Before you start with matched betting, there are some betting terms that you must familiarize yourself with before you begin.
We will refer to these terms throughout the article.
2.1 Backing bet
It means, to bet on a result to be true.
For example, betting on United to beat City is a back bet. If it becomes true, you win the game but if the match ends a draw or if City loses the match, you lose the bet.
All regular bookies will let you add a backed game.
2.2 Lay Bet
A lay bet is to bet against a result to be true.
In the example above, betting on United not winning is a lay bet. If United loses or plays a draw, you will win the game.
You can place a bet on a betting exchange and these are not as common as the regular betting companies, but there are a few good ones available.
Using the above terms, matched betting works by using a free offer to make a profit.
For example, if a bookie offers a free bet of, lets say £100.
Then you place that free bet on, lets say a football game.
You will then place a bet on the same match at a betting exchange but this time you will place a lay bet to cover the opposite result.
Once the two games are settled, regardless of the outcome, you will make a profit.
You covered all match results with a back bet and a lay bet.
Now you have to repeat the same process as above, but this time with the help of the free bets the bookies offer and put a bet on the opposite result at the game exchange.
3. Detailed Example
By now, you may be a little confused about some of the specific details, but we will cover this now by using a detailed example.
You must create an account with an exchange. Just search online for exchanges and you will find the most popular ones.
Create an account with a bookmaker. Look for those who have good deals with free games for new customers as this is crucial in matched betting, as discussed above.
3.3 Decimal Odds
If you usually use British or American odds when you play, now is the time to switch to decimal odds.
Decimal odds are easy to use and it makes it easy to understand matched betting.
3.4 Find a Game
You want to find a game that has the best odds regarding both the bookmaker (back bet) and the betting exchange (lay bet).
Click to see if there are any restrictions on the free bet offered by the bookie, such as betting for specific odds.
Try to pick a game with low odds at this point, anything between 1.6 and 3.5 is good.
So you can back any team to win at the bookie at odds of 2.30 and make a lay bet with the same bet at the betting exchange by using odds 2.35. You will suffer a small loss with this, but it will be minimal and not something to worry about.
3.5 Free play
It does not matter which of the two bets that wins, you have now qualified for the free bet.
You can use the free bet to do the same process as above, through a backed and a lay bet.
But this time, look for higher odds that are more closely matched between the bookies and the exchange.
Once you’ve become accustomed to the technical aspects of putting in a bet, you can add more each day to build up a guaranteed profit.
4. Matched betting without risk
Matched betting without risk follows the same principles as in the example above.
There is no risk involved because you have used the offer for free bets and made a sound judgment about which bets you should place.
The odds of back bets and lay bets must be closely matched as this is what removes the risk from matched bets.
You will not lose money if you place these bets correctly.
However, you must be aware that you should never spend more than you can afford when betting and that also applies to matched betting.
6. do you make profit with Matched Betting?
Now you know how to place matched bets, the next thing to think about is how much you can win on matched betting.
The amount you can win from matched betting depends on your own circumstances. How much money can you afford to bet on matched betting? How much time do you have for matched betting?
Some people can earn up to £ 1,000 a month on matched betting while others earn a lot less per month on matched betting.
Those who earn more spend more time and make more effort in their matched betting than those who earn less. Therefore, the amount you earn on matched betting will be determined by how much time you spend doing it and you should not use it as a guaranteed source of income.
In addition, you will need money to start with matched betting to add your qualifying bets and even if you will get them back, you should never bet money you cannot afford to lose.
7. Is Matched Betting Legal?
Because matched betting results in guaranteed profits when done correctly, many people question whether it is really legal.
The good news is that matched betting is legal and anyone who qualifies to open a betting account with a bookie and at betting exchanges can participate in matched betting.
Some bookies close accounts if they suspect the user is using matched betting. However, you should not use the same bookie all the time when using matched betting as free bets are usually restricted.
8. Skills In Sports Betting?
As shown above, you do not need to be an expert on sports betting to make money from matched betting.
If you can follow the instructions, use a regular calculator and are comfortable with maths, you can start adding matched games.
If you have experience betting, you will get a grip on matched betting faster than someone who has no experience of betting on sports.
However, you should use at least one of the matched betting tipsters listed below, if you are new to matched betting and want to make profit.
If you want to test a free alternative, we can recommend you to try Tipstrr’s Free Daily Tips. They are currently ranked #1 over best horse racing tipsters. Furthermore, they smash their competitors, even though the service is completely free. Claim your free racing tips today!
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