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 referred to as back or lay bet matching) can be 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 shall explain what Matched betting is, how it works and why people use it.
What is Matched Betting?
Matched Betting is the method of taking advantage of 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 trunk 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). As a result, you can guarantee yourself a gain whatever the outcome of the event because you’re ‘matching’your bets against each other – 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 a number of wagers and never having to risk anything from your own personal pocket – they’re usually offered in the shape of free bets where you should place one wager with your personal money and then receive another free bet token which may then be applied to another event/wager without having any extra cost connected with it. Bonus promotions involve receiving bonus money when coming up with deposits or placing certain types 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.
Once you’ve identified a present that fits your criteria for Matched Betting, all that is left for you really to do is complete the mandatory 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 already been completed successfully, any bonus funds or free bet tokens awarded will be credited into your account and then may be used on other events/wagers yet again ensuring yourself a guaranteed profit whatever the outcome!
To conclude, we have discussed what Matched Betting is and how it works in detail so hopefully now you have all the information needed to get going! Remember though that there are risks associated with gambling so please make sure that you realize everything before getting involved – if done correctly though, Matched Betting may be incredibly lucrative! All the best!