How To Avoid Common Pitfalls In Matched Betting
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 for example free bets, to create 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 using free bets and other bonuses offered 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) while the lay bet involves placing a wager against an outcome happening (e.g. Team B not to win). By doing this, you are able to guarantee yourself a gain regardless of outcome of the event because you are ‘matching’your bets against each other – hence the definition of ‘Matched Betting ‘!
How Does Matched Betting Work?
To be able to take advantage of Matched Betting, you will need to be aware of two kinds of offers; risk-free bets and bonus promotions. Risk-free bets involve placing a number of wagers without having to risk anything from your own pocket – they are usually offered in the form of free bets where you have to place one wager with your personal money and then receive another free bet token which can then be applied to 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 form of reload bonuses or loyalty rewards where you need to meet specific requirements before to be 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 single offer – this usually involves registering for an account having an online bookmaker, building a deposit into your account and then placing a number of wagers according to the terms & conditions related to that particular offer. Once all steps have been completed successfully, any bonus funds or free bet tokens awarded will soon be credited into your account and then can be utilized on other events/wagers once more ensuring yourself a guaranteed profit regardless of outcome!
To conclude, we’ve discussed what Matched Betting is and how it works in more detail so hopefully so you have all the data needed to get started! Remember though that there are risks related to gambling so please be sure that you understand everything before getting involved – if done correctly though, Matched Betting may be incredibly lucrative! All the best!