If you’ve heard about Matched Betting, but aren’t entirely sure what it is or how it works, you’re in the best place. Matched Betting (also known as back or lay bet matching) can be an activity that has become increasingly popular in recent years. It involves using offers from bookmakers, such as for example free bets, to make a guaranteed profit for yourself. Here we shall explain what What is 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 offered by 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) as the lay bet involves placing a wager against an outcome happening (e.g. Team B to not win). As a result, you are able to guarantee yourself a profit whatever the outcome of the big event because you are ‘matching’your bets against each other – hence the term ‘Matched Betting ‘!
How Does Matched Betting Work?
To be able to take advantage of Matched Betting, you need to be aware of two types of offers; risk-free bets and bonus promotions. Risk-free bets involve placing a number of wagers without having to risk anything from your personal pocket – they are usually offered in the proper execution of free bets where you should place one wager with your own personal money and then receive another free bet token which can then be utilized on another event/wager without having any additional cost connected with it. Bonus promotions involve receiving bonus money when creating deposits or placing certain forms of wagers that meet certain criteria – they are usually offered in the shape of reload bonuses or loyalty rewards where you should meet specific requirements before being able to withdraw any bonus funds won from them.
Once you have identified a present that meets your criteria for Matched Betting, all that’s left for you yourself to do is complete the mandatory steps for each offer – this usually involves registering for an account with an online bookmaker, making a deposit into your account and then placing more than one wagers in line with the terms & conditions related to that specific offer. Once all steps have now been completed successfully, any bonus funds or free bet tokens awarded will soon be credited into your account and then can be used on other events/wagers once again ensuring yourself a guaranteed profit whatever the outcome!
To conclude, we’ve discussed what Matched Betting is and how it works in more detail so hopefully now you have all the data needed to get going! Remember though there are risks associated with gambling so please ensure that you realize everything before getting involved – if done properly though, Matched Betting can be incredibly lucrative! All the best!