If you’ve been aware of Matched Betting, but aren’t entirely sure what it is or how it works, you’re in the right place. Matched Betting (also referred to as back or lay bet matching) can be 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 What is matched betting is, how it works and why people use it.
What’s Matched Betting?
Matched Betting is the process of taking advantage of free bets and other bonuses provided by 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 not to win). Using this method, you can guarantee yourself a gain regardless of the outcome of the event because you’re ‘matching’your bets against each other – hence the word ‘Matched Betting ‘!
How Does Matched Betting Work?
To be able to make the most of Matched Betting, you will need to be aware of two kinds of offers; risk-free bets and bonus promotions. Risk-free bets involve placing one or more wagers and never having to risk hardly any money from your own personal pocket – they are usually offered in the form of free bets where you have to place one wager with your own money and then receive another free bet token which will then be applied to another event/wager with no any additional cost associated with it. Bonus promotions involve receiving bonus money when making deposits or placing certain kinds of wagers that meet certain criteria – these are usually offered in the shape of reload bonuses or loyalty rewards where you need to meet specific requirements before to be able to withdraw any bonus funds won from them.
Once you have identified a supply that fits your criteria for Matched Betting, all that is left for you yourself to do is complete the required steps for each offer – this usually involves registering for an account with an online bookmaker, building a deposit into your account and then placing more than one wagers based on the terms & conditions connected with that one offer. Once all steps have already been completed successfully, any bonus funds or free bet tokens awarded is likely to be credited into your account and then may be used on other events/wagers yet again ensuring yourself a guaranteed profit whatever the outcome!
To conclude, we have discussed what Matched Betting is and how it works at length so hopefully so you have all the information needed to get going! Remember though there are risks associated with gambling so please make sure that you recognize everything before getting involved – if done right though, Matched Betting could be incredibly lucrative! All the best!