If you’ve heard of Matched Betting, but aren’t entirely sure what it is or how it works, you’re in the best place. Matched Betting (also referred to as back or lay bet matching) is definitely an activity that’s become increasingly popular in recent years. It involves using offers from bookmakers, such as free bets, to produce a guaranteed profit for yourself. Here we shall explain what Matched betting is, how it works and why people use it.
What is Matched Betting?
Matched Betting is the method of using free bets and other bonuses made available from online bookmakers. It involves placing two separate bets; one with a bookmaker (known as a straight back bet), and one with a betting exchange (known as a lay bet). The trunk bet involves placing a wager on an outcome of an event to win (e.g. Team A to win) while the lay bet involves placing a wager against an outcome happening (e.g. Team B to not win). As a result, you can guarantee yourself a profit regardless of the outcome of the big event because you are ‘matching’your bets against each other – hence the definition of ‘Matched Betting ‘!
How Does Matched Betting Work?
To be able to make the most of Matched Betting, you need to keep yourself informed of two kinds of offers; risk-free bets and bonus promotions. Risk-free bets involve placing a number of wagers without having to risk any money from your own personal pocket – these are usually offered in the proper execution of free bets where you need to place one wager with your personal money and then receive another free bet token which will then be utilized on another event/wager with out any extra cost connected with it. Bonus promotions involve receiving bonus money when creating deposits or placing certain forms of wagers that meet certain criteria – they’re usually offered in the form of reload bonuses or loyalty rewards where you have to meet specific requirements before to be able to withdraw any bonus funds won from them.
When you have identified a present that meets your criteria for Matched Betting, all that is left for you yourself to do is complete the necessary steps for every single offer – this usually involves registering for an account having an online bookmaker, making a deposit into your account and then placing one or more wagers in line with the terms & conditions connected with that specific offer. Once all steps have now been completed successfully, any bonus funds or free bet tokens awarded will undoubtedly be credited into your account and then can be used on other events/wagers yet again ensuring yourself a guaranteed profit regardless of the outcome!
In summary, we’ve discussed what Matched Betting is and how it works at length so hopefully so you have all the info needed to begin with! Remember though that there are risks related to gambling so please ensure that you realize everything before getting involved – if done right though, Matched Betting can be incredibly lucrative! Best of luck!