The Benefits And Drawbacks Of Doing Matched Betting
If you’ve heard about Matched Betting, but aren’t entirely sure what it is or how it works, you’re in the right place. Matched Betting (also known as back or lay bet matching) is an activity that’s become increasingly popular in recent years. It involves using offers from bookmakers, such as for example free bets, to create a guaranteed profit for yourself. Here we will explain what Matched betting is, how it works and why people use it.
What’s Matched Betting?
Matched Betting is the procedure of benefiting from free bets and other bonuses made available from online bookmakers. It involves placing two separate bets; one with a bookmaker (known as a right back bet), and one with a betting exchange (known as a lay bet). The back bet involves placing a wager on an outcome of an event to win (e.g. Team A to win) whilst the lay bet involves placing a wager against an outcome happening (e.g. Team B to not win). Using this method, you can guarantee yourself a gain whatever the outcome of the event because you are ‘matching’your bets against one another – hence the term ‘Matched Betting ‘!
How Does Matched Betting Work?
To be able to make the most of Matched Betting, you need to keep yourself updated of two types of offers; risk-free bets and bonus promotions. Risk-free bets involve placing a number of wagers and never having to risk hardly any money from your own pocket – these are usually offered in the proper execution of free bets where you must place one wager with your own money and then receive another free bet token which will then be utilized on another event/wager with out any additional cost connected with it. Bonus promotions involve receiving bonus money when creating deposits or placing certain kinds of wagers that meet certain criteria – they’re usually offered in the shape of reload bonuses or loyalty rewards where you must meet specific requirements before being able to withdraw any bonus funds won from them.
When you have identified an offer that fits your criteria for Matched Betting, all that’s left for you to do is complete the mandatory steps for every single offer – this usually involves registering for an account by having an online bookmaker, building a deposit into your account and then placing a number of wagers based on the terms & conditions related to that one offer. Once all steps have been completed successfully, any bonus funds or free bet tokens awarded is going to be credited into your account and then can be used on other events/wagers once more ensuring yourself a guaranteed profit whatever the outcome!
To conclude, we have discussed what Matched Betting is and how it works in detail so hopefully now you have all the data needed to begin with! Remember though there are risks connected with gambling so please make sure that you recognize everything before getting involved – if done properly though, Matched Betting may be incredibly lucrative! All the best!