Matched betting, sometimes called match betting or double betting, is a method to profit from bookmakers free bets and promotions. This method is used by 1000s of people around the country to make money online. But is matched betting gambling and is there any risk involved? Read on to find out the answer.
Is there any Risk Involved with Matched Betting?
In short, no, there aren’t any risks involved with matched betting. Although the term betting might lead you to think it, this method is one of the only ways to make money online in which there really are no risks.
We know the exact outcome of our bets before an event has even started. We use a method called back and lay betting which cancels out any risk involved with normal gambling. In simple terms, we place two bets, one on each outcome of the same event. So, we place a bet on an outcome to happen and we also place a bet on that same outcome not happening.
So whatever the outcome of the event, our two bets cancel each other out and we end up where we started. What’s the point in this you’re probably thinking.
Well, we call this is a qualifying bet. We make our money in matched betting when a bookmaker gives us a free bet to use. Obviously, the bookies don’t just give out free bets to everyone. We first have to qualify for them. Once we’ve qualified for our free bet, we repeat the same process and make a guaranteed profit using the same technique.
Is Matched Betting Too Good to Be True?
The old saying goes, that if something seems to good to be true, it probably is.
I read a crazy fact the other day that there are over 150,000 new websites created each day. I was amazed at this figure but more to the point, how many of these sites are actually worthwhile visiting? With such a large number of sites, there are guaranteed to be some dodgy ones out there.
Nowadays especially with the ever changing digital media world, you need to be ultra careful about what you sign up for. There are hundreds of sites out there claiming you can become a millionaire overnight with the next best ‘get rich quick scheme’ as long as you sign up to their platform.
I know how tempting these scams can be, I was dragged into them like a lot of others. Unfortunately these sites don’t work. They sadly never allow you to buy a Ferrari the next day like they promised…
However, not accepting defeat, I continued my search and I came across matched betting. It was advertised as a way to make a risk free, guaranteed profit from the bookmakers. The matched betting site said I could make up to £1000 every month with this method. I was obviously drawn in…
Now, I didn’t know much about gambling at the time, but I thought this sounded impossible. How can anything to do with betting be risk free and allow you to make a guaranteed profit?
So, I started asking questions like: Is matched betting legal? Is this another get rick quick scheme?
You get the idea.
Anyway, so I could say I’d tried it, I gave matched betting a go. I found a website online that taught people how to make money online from this method and I followed the tutorials exactly.
The results spoke for themselves. I made around £200 in the first week using this awesome method. From there I’ve never looked back and I’m still using matched betting to make a second income online today.
So, what I’m trying to say is, I was very sceptical about matched betting until I actually started this betting technique. You may feel the same way but, matched betting truly is the real deal.
Is Matched Betting Gambling?
‘Is matched betting gambling‘ is one of our most frequently asked questions.
To answer your question quickly, no, matched betting is not gambling.
With gambling there is always a risk that you will lose money. You stake money on an outcome happening. If it does happen you win, if it doesn’t you lose money. Gambling is a speculative industry. That’s why the returns can sometimes be very large, depending on the likelihood of an outcome.
For some people, gambling doesn’t sit comfortably. It’s considered an irresponsible method which can result in throwing away money on chance. If you have this mind set, it may put you off matched betting. Why wouldn’t it? We are placing bets just like normal bettors do.
But, there’s one main difference…
We are not gambling. Granted, we don’t have the potential of winning large sums of money if our chosen team wins, but I’d rather make a guaranteed profit. As we all know, the house always wins in the long run. Match betting involves working out the best method to maximise our profit from bookmakers free bets and offers.
The best way to look at it is:
Matched betting is a way to make money and gambling is not.
We hope that you enjoyed reading our ‘is matched betting gambling’ article and now feel more informed. We would love to hear your comments below.