Matched betting is a good method of making money from home by utilizing free bets and promotional incentives provided by internet bookmakers.
Rather than relying on chance, matched betting covers all possible outcomes of a sporting event by placing multiple bets. All you need is a bookmaker account, good odds, and some funds to spend.
If this sounds interesting to you, take a closer look at our matched betting guide and learn how to make a profit in just a few easy steps. That’s only the beginning. Every single day, new money-making chances emerge.
What is Matched Betting?
Matched betting is a low-risk method of gambling that is often utilized to gain guaranteed profits on sporting events. It is also known as ‘bonus hunting’ or ‘no-risk betting.’
Using free bets and other sports betting welcome offers, matched bettors ensure earnings by covering all outcomes of a match or event for a guaranteed win.
People believe that free bets are scarce, yet they are not. And, using so-called ‘no-risk’ matched betting, you can assure that free bets continue to arrive on a daily basis.
You may earn an instant profit from free bets by employing a simple calculator in conjunction with free bets and other promos. You can also utilize a relatively simple software to accomplish all of the work – no sporting experience is required.
How to Place Matched Bets
To cover all possible outcomes of a sporting event, place two opposing bets: one on ‘win’ and one on ‘loss.’ Even though you can bet on football, you should avoid the standard match bets as they will have three possible outcomes; home win, tie or away win. Over/under bets or other bets with two possible outcomes are advised.
This ‘back and lay’ betting strategy eliminates risk and the need to rely on luck. It enables you to convert free bets into real money without jeopardizing your own.
Online bookmakers are always looking for new consumers. They want as many as they can get. And they’re eager to go to any length to get your attention. Many bookmakers provide free bet promos to entice consumers to sign up in order to attract new customers. A popular promotion will be something along the lines of “bet ₹500, get ₹500 in free bets.”
You can always sign up for a traditional free betting website, place a wager, and receive your free bet. However, there is no assurance that any of your bets will win, and you may lose everything. Or even with less money than when you started.
By using matched betting, you can unlock the free bet while protecting whatever money you use to put a wager. By putting two bets instead of one, you can eliminate the danger involved with traditional betting.
When you place a back bet (for anything), you also place a lay bet (an opposing bet against the same outcome).
This backing and laying betting strategy allows you to profit from free bets. Typically, you will receive roughly 80% of the free bet value, so a ₹300 free bet results in a ₹240 profit.
What is Backing & Laying Bets?
These are two critical concepts to grasp in order to generate truly big, sustained, long-term profits — but the most basic concept to grasp in order to engage in matched betting is the distinction between back bets and lay bets:
- Backing bets - The back bet is the most classic type of wager
- you’re basically saying, “I think this will win.” If the option on which you bet wins, you will win your bet as well as the profit.
- Laying bets - This is the inverse of a back bet, in which you are now declaring, “I don’t think this will win.” You win your lay bet if the team you bet on does not win the game. And, sure, if the result is a draw, your lay bet wins as well (because they did not win the match).
Take Matched Betting to the Next Level
With matched betting, you’ll discover strategies to consistently earn the free bets that will become your main source of income.
Lay commission and liability are two additional concepts that may help you get to the next level. They may sound far more complicated than they are. Don’t worry if you become a little puzzled; you’ll get on quickly.
Lay commission
When you lay bets, you must pay a small percentage of your gains as commission. This is how betting exchanges generate money, unlike traditional bookies, who make money by giving you misleading odds.
Even after commission, exchanges almost always return a higher profit on your bets.
Liability
The amount of money you stand to ‘lose’ on a lay bet is referred to as your liability. For example, if you bet ₹250 with a bookmaker at odds of 3.0 (2/1), you may profit ₹500. In this case, the bookmaker’s liability is, therefore, ₹500. You become the bookmaker when you lay bets.
Remember that you will not truly lose this money when you use the back and lay approach.
Matched Betting Online FAQs
Is matched betting legal in India?
Matched betting is totally legal in India. It makes use of a flaw in betting exchanges and bookies, yet neither loses because not backing or laying elsewhere does not affect the outcome of your matched bet.
Some believe that matched betting is prohibited since it appears too good to be true. But it’s legal (provided you’re over the age of 18)!
Can I set up several accounts on the same bookmaker?
Do not do it. Nowadays, bookmakers are highly stringent about this and will ban you if they suspect you of doing so.
At the absolute least, they will examine your IP address, cookies, name, address, and payment information. Check their website for the most up-to-date terms.
Is matched betting still profitable?
Absolutely! Given that you use the strategy correct, you are guaranteed a profit.
Is matched betting risk-free?
Nothing that revolves around betting is risk-free, and this is also the case for matched betting. However, matched betting has the lowest risk possible if you use the strategy correctly and take precautions.
Are no deposit bonuses good for matched betting?
Even though no deposit bonuses might give you some extra funds, they are rarely good options for matched betting. They normally have tougher terms and conditions that make it challenging to get much real money profit. Before you look for which betting site gives bonus on registration without deposit, you should look for deposit bonuses that are way more likely to yield a good profit.
Tips and Advice to Succeed
The best matched betting tips will assist you in increasing your winnings. When it comes to matched betting, take it gently, get help when needed, and never place a wager without knowing what you’re doing. Furthermore, choosing sites for sports betting fast withdrawal can be a good idea so you can get your winnings faster.
Some key advice to increase your profits are:
✅ Avoid Mistakes
The most common reason why matched betting is risky is that mistakes are easy to make. In reality, even those who maintain that matched betting is risk-free admit human mistakes as a source of risk.
Matched betting errors can be costly and put your entire winnings at risk. Furthermore, the psychological consequences can be severe, leading you to abandon matched betting entirely. It signifies that all of your time and effort will be in vain.
Matched betting mistakes are common, especially among beginners. The notion can be difficult to grasp, and even if you do, it is easy to lay the incorrect quantity or match.
✅ Use Multiple Matched Betting Sites
Most matched bettors who do not study matched betting advice begin their trip with the Betfair exchange since it is simpler and easier to use. However, Betfair is not the ideal exchange to use because of its high commission cost, and their odds are not always the greatest.
Having accounts with several Indian betting websites assists you in identifying close matches more frequently because you have a larger selection of lay odds at your disposal. As a result, you can place more bets, resulting in more profit. Furthermore, you may always acquire the closest match, raising your profits even more.
✅ Check it Twice
Our matched betting experts cannot emphasize enough the need to double-check everything. It’s far too easy to make a minor error in matched betting, which may cost you hundreds of Rupees. If you place significant bets, such as 2ups, you might lose thousands.
Yes, it is critical to put your bets as soon as possible before the odds change. However, speed is unimportant when you are losing money due to a careless error. You should always double-check the following:
- The terms and conditions of the offer (even for regular reload bonuses, bookmakers do occasionally change things)
- You are betting on the correct event (horses may have similar names)
- That bookmaker’s back odds match those indicated in the exchange’s liquidity, so your lay bet meets the lay odds, and your stake is accurate
Arjun Jindal | Last Modified: August 8, 2022
