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 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 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 is Matched Betting?
Matched Betting is the procedure of benefiting from free bets and other bonuses provided by online bookmakers. It involves placing two separate bets; one with a bookmaker (known as a 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) as the lay bet involves placing a wager against an outcome happening (e.g. Team B to not win). Using this method, you are able to 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 take advantage of Matched Betting, you’ll 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 any money from your own pocket – these are usually offered in the form of free bets where you need to place one wager with your own personal money and then receive another free bet token which will then be used on another event/wager with out any additional cost connected with it. Bonus promotions involve receiving bonus money when coming up with deposits or placing certain types of wagers that meet certain criteria – they’re usually offered in the proper execution of reload bonuses or loyalty rewards where you have to meet specific requirements before being able to withdraw any bonus funds won from them.
Once you’ve identified an offer that meets your criteria for Matched Betting, all that is left for you yourself to do is complete the required steps for every offer – this usually involves registering for an account having an online bookmaker, building a deposit into your account and then placing more than one wagers according to the terms & conditions associated with that specific offer. Once all steps have been completed successfully, any bonus funds or free bet tokens awarded will be credited into your account and then may be used on other events/wagers yet again ensuring yourself a guaranteed profit regardless of outcome!
In conclusion, we have discussed what Matched Betting is and how it works at length so hopefully now you have all the info needed to get started! Remember though that there are risks related to gambling so please make sure that you understand everything before getting involved – if done correctly though, Matched Betting can be incredibly lucrative! All the best!