If you’ve been aware of Matched Betting, but aren’t entirely sure what it’s or how it works, you’re in the best place. Matched Betting (also known as back or lay bet matching) is definitely 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 shall explain what Matched betting is, how it works and why people use it.
What’s Matched Betting?
Matched Betting is the method of using free bets and other bonuses offered 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 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 not to win). As a result, you are able to guarantee yourself a gain regardless of outcome of the event because you’re ‘matching’your bets against one another – hence the definition of ‘Matched Betting ‘!
How Does Matched Betting Work?
In order to take advantage of Matched Betting, you will need to keep yourself updated of two types of offers; risk-free bets and bonus promotions. Risk-free bets involve placing more than one wagers without having to risk any money from your personal pocket – they are usually offered in the shape of free bets where you should place one wager with your own personal money and then receive another free bet token which will then be utilized on another event/wager without having any additional cost related to it. Bonus promotions involve receiving bonus money when making deposits or placing certain types of wagers that meet certain criteria – they’re usually offered in the form of reload bonuses or loyalty rewards where you must meet specific requirements before to be able to withdraw any bonus funds won from them.
After 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 every 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 connected with that particular offer. Once all steps have been completed successfully, any bonus funds or free bet tokens awarded is likely to be credited into your account and then can be utilized on other events/wagers once more ensuring yourself a guaranteed profit regardless of the outcome!
To conclude, we’ve 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 there are risks associated with gambling so please ensure that you understand everything before getting involved – if done correctly though, Matched Betting could be incredibly lucrative! Good luck!