What is matched betting and how it is working?

Written by Denandin. Posted in Improve your Betting

Most of the people should not know any idea about what is matched betting. It is nothing but a low form of gambling that is typically on a sporting event and that is used to make guaranteed profits. Matched betting is commonly referred to as ‘no-risk betting’ or ‘bonus hunting’. Matched bettors guarantee profits by having outcomes of the match by using free bets and other promotions. In other words, matched betting is the betting technique used by the single person to get profit from the free bets and other promotion offered by the bookmakers. Generally, it is considered as the risk-free and it is based on the application of a mathematical equation.

Is matched betting gambling?

According to the people who are playing matched betting, is considered as the low form of gambling. You can generate an instant profit from the free bets by using a simple calculator along with free bets and other promotions.  

How it is working?

Before knowing the working process of matched betting you have to know about the lay bets and back bets.

• Lay bet: 

It is made popular with the rise of online betting exchange such as Betfair. This is differing from the back bet. For example, if the selected team you bet on them doesn’t win the match then you win your lay bet. This is about where you are saying “I don’t think this team will not win’

• Back bet:

This is the traditional form of a bet. For example, if your selected team is going to winning, then you will win your bet and the profit also comes along with it. This is about where you are saying “I think this team will win the match” Matched betting is works by lay bets to cancel out the risk that a back bet poses. You back and lay bet against the then specific result to cancel all the risk and you cannot lose your bet because you have each outcome covered. Make your profit from bookmakers free bet and other any promotions. The first bet is known as qualifying bet and it qualifies you to earn a free bet. In case you don’t make a profit on this then you are likely to lose a pence. If you received any free bet from the bookmaker then you can guarantee profits by using the lay and back method. This is because you are playing with others money for half of the bet and this removes risk and guarantee to make an easy profit.

Is matched betting legal?

Yes, matched betting is entirely legal because matched betting has been kept a secret when you consider the money that can be made doing it. There is no need for it to seem like a sort of shady underground operation. Finally, you have some detailed knowledge about the matched betting and you are now clear about the working process of the matched betting. Hope that it will be useful for you.

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