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 known as 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 free bets, to produce 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 process of using 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 back 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 never to win). As a result, you can guarantee yourself a gain regardless of outcome of the function because you are ‘matching’your bets against one another – hence the term ‘Matched Betting ‘!
How Does Matched Betting Work?
In order to take advantage of Matched Betting, you will need to be aware of two types of offers; risk-free bets and bonus promotions. Risk-free bets involve placing one or more wagers without having to risk hardly any money from your own pocket – they are usually offered in the form of free bets where you have to place one wager with your own money and then receive another free bet token which will then be used on another event/wager with out any additional cost connected with it. Bonus promotions involve receiving bonus money when creating deposits or placing certain kinds of wagers that meet certain criteria – they’re usually offered in the shape of reload bonuses or loyalty rewards where you have to meet specific requirements before to be able to withdraw any bonus funds won from them.
Once you’ve identified a supply that fits your criteria for Matched Betting, all that is left for you yourself to do is complete the mandatory steps for each offer – this usually involves registering for an account with an online bookmaker, creating 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 already been completed successfully, any bonus funds or free bet tokens awarded will be credited into your account and then can be utilized on other events/wagers once again ensuring yourself a guaranteed profit regardless of outcome!
In summary, we have discussed what Matched Betting is and how it works in more detail so hopefully so you have all the data needed to get going! Remember though there are risks associated with gambling so please make sure that you realize everything before getting involved – if done right though, Matched Betting may be incredibly lucrative! Best of luck!