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 called 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 for instance free bets, to produce a guaranteed profit for yourself. Here we will explain what Matched betting is, how it works and why people use it.
What’s Matched Betting?
Matched Betting is the process 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 rear bet involves placing a wager on an outcome of an event to win (e.g. Team A to win) whilst the lay bet involves placing a wager against an outcome happening (e.g. Team B never to win). Using this method, you can 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?
To be able to make the most of Matched Betting, you need to keep yourself informed of two forms of offers; risk-free bets and bonus promotions. Risk-free bets involve placing one or more wagers and never having to risk hardly any money from your personal 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 utilized on another event/wager with no 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 are usually offered in the shape of reload bonuses or loyalty rewards where you need to 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 really to do is complete the mandatory steps for every offer – this usually involves signing up for an account by having an online bookmaker, creating 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 already been completed successfully, any bonus funds or free bet tokens awarded is going to be credited into your account and then may be used on other events/wagers yet 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 info needed to get going! Remember though there are risks connected with gambling so please be sure that you realize everything before getting involved – if done properly though, Matched Betting may be incredibly lucrative! All the best!