If you’ve heard 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’s become increasingly popular in recent years. It involves using offers from bookmakers, such as for instance free bets, to make 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 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 right 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) 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 whatever the outcome of the event because you are ‘matching’your bets against one another – hence the definition of ‘Matched Betting ‘!
How Does Matched Betting Work?
In order to make the most of Matched Betting, you will need to be aware of two forms of offers; risk-free bets and bonus promotions. Risk-free bets involve placing more than one wagers without having to risk hardly any money from your own personal pocket – they’re usually offered in the shape of free bets where you need to place one wager with your own money and then receive another free bet token which will then be utilized on another event/wager with out any extra cost associated with it. Bonus promotions involve receiving bonus money when making deposits or placing certain forms of wagers that meet certain criteria – these are usually offered in the proper execution of reload bonuses or loyalty rewards where you need to meet specific requirements before being able to withdraw any bonus funds won from them.
After you have identified a present that meets your criteria for Matched Betting, all that’s left for you really to do is complete the required steps for each offer – this usually involves signing up for an account with an online bookmaker, making a deposit into your account and then placing a number of wagers according to the terms & conditions related to 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 can be used on other events/wagers once again ensuring yourself a guaranteed profit regardless of outcome!
In conclusion, we have discussed what Matched Betting is and how it works in detail so hopefully now you have all the information needed to begin with! Remember though there are risks associated with gambling so please make sure that you recognize everything before getting involved – if done right though, Matched Betting can be incredibly lucrative! Best of luck!