If you’ve been aware of 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 Matched betting is, how it works and why people use it.
What is Matched Betting?
Matched Betting is the method 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 trunk 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 to not win). Using this method, you can guarantee yourself a profit 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?
In order to make the most of Matched Betting, you’ll 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 and never having to risk anything from your personal pocket – these are usually offered in the proper execution of free bets where you need to place one wager with your own money and then receive another free bet token which can then be used on another event/wager with out any extra cost related to it. Bonus promotions involve receiving bonus money when coming up with deposits or placing certain forms of wagers that meet certain criteria – these are usually offered in the shape of reload bonuses or loyalty rewards where you must meet specific requirements before to be able to withdraw any bonus funds won from them.
When you have identified a supply that fits your criteria for Matched Betting, all that is left for you really to do is complete the necessary steps for each offer – this usually involves signing up for an account by having an online bookmaker, making a deposit into your account and then placing one or more wagers according to the terms & conditions related to that particular offer. Once all steps have now been completed successfully, any bonus funds or free bet tokens awarded will undoubtedly be credited into your account and then can be utilized on other events/wagers yet again ensuring yourself a guaranteed profit whatever the outcome!
In conclusion, we have discussed what Matched Betting is and how it works at length so hopefully now you have all the information needed to get started! Remember though that there are risks related to gambling so please ensure that you recognize everything before getting involved – if done right though, Matched Betting could be incredibly lucrative! Best of luck!