Matched betting is a technique that can be used to profit from bookmaker offers, without taking any risk. It is sometimes referred to as ‘risk-free betting' or ‘bonus hunting'.
The key to successful matched betting is understanding how it works and then using that knowledge to find profitable opportunities. This guide will give you all the information you need to get started with matched betting.
Know What is Matched Betting
Matched betting is a technique that can be used to profit from free bets and other promotions offered by bookmakers. It involves placing bets on both sides of an event so that, no matter the outcome, you will always end up in profit.
The key to matched betting is understanding how bookmakers make their money. Bookmakers offer odds on events taking place, and they do this by calculating the probability of each outcome occurring. They then use this information to set their own odds, which are usually slightly different from the true odds. The difference between the true odds and the bookmaker's odds is known as the margin, and it is this margin that allows bookmakers to make a profit. The folks behind the oddsmonkey.com add that matched betting does not rely on luck but on covering all potential outcomes of an event by placing two bets so that you win no matter what happens. By placing bets on both sides of an event, you can cancel out the bookmaker's margin and guarantee yourself a profit.
Matched betting is a completely legal and above-board way to make money from bookmakers. It is not gambling, as you are not trying to guess the outcome of an event. Instead, you are simply taking advantage of the bookmakers' offers to guarantee yourself a profit.
Understand How Matched Betting Works
As mentioned earlier, matched betting is not gambling. It is a mathematical approach to betting that takes advantage of bookmakers' free bet offers and bonuses. By using matched betting, you can turn these offers into cash without taking any risks.
In order to take advantage of matched betting, you need to sign up for an account with a bookmaker and place a bet. You then need to find another bookmaker who is offering odds on the same event and place a second bet. These two bets will cancel each other out, meaning that you don't make any profit. However, the bookmakers will offer you a free bet of some kind as compensation for their loss.
With matched betting, instead of taking this free bet and placing it on the outcome, you want to win, you place it on a different event. By doing so, you are able to guarantee yourself a profit regardless of how the odds change or which team wins or loses. This is done by using software tools that take advantage of arbitrage opportunities – situations where there is potential money to be made from changing odds between two bookmakers.
Find Profitable Opportunities
In order to take advantage of matched betting, you first need to find an offer from a bookmaker. These offers are usually in the form of a free bet or a bonus. Once you've found an offer, you need to place a bet with the bookmaker that matches the amount of the free bet or bonus.
For example, if a bookmaker is offering a £50 free bet, you would need to place a £50 bet with them. If your bet wins, you'll receive your winnings as normal. If it loses, you'll get your stake back as a free bet.
You can then use that free bet to place another bet, this time with a different bookmaker. The aim is to place bets that cover all possible outcomes so that no matter what happens, you'll always come out ahead.
Take Advantage of Bonuses and Promotions
Matched betting is a simple process in which bettors place bets at two different bookmakers against each other. For example, if one bookmaker is offering a promotion where they will give you a bonus or discount if your team wins, and another bookmaker is offering a promotion where they will pay you out extra money if their rival loses, then the matched bettor can place a bet on each one that cancels out the other, allowing them to take advantage of both promotions without having to choose which team they want to win.
There are many different strategies and tactics that you can use when placing matched bets, depending on the types of offers available. Some bookmakers offer bonuses simply for signing up, while others offer ongoing discounts or cashback on certain wagers, as well as limited-time promotions with even higher rewards. By knowing what types of offers are typically available at various times throughout the year, you can use these offers to your advantage and earn some extra cash.
There are a number of excellent resources available to help you learn more about matched betting, and we have listed some of them at the end of this guide. With a little time and effort, you can quickly become an expert at matched betting and start earning consistent profits from bookmaker promotions.
