Matched betting in Canada – No risk matched betting is one of the most popular ways to make money online but can you start match betting if you live in Canada?
Let’s find out!
What is matched betting?
This may be a new concept to some of you so here’s a short introduction. Matched betting is a method of making a guaranteed profit from bookmakers’ free bets, promotions and other bonuses.
Betting companies spend a lot of money on acquiring new customers and a lot of this budget ends up in free bets that matched bettors can profit from on a regular basis.
How does matched betting work?
Matched betting is based on a betting strategy called back and lay betting. This method involves placing two opposite bets each at different betting companies.
Bet 1 – You place the first bet at a bookmaker. This is called a back bet and it’s used to qualify for your free bet or bonus.
Bet 2 – The second bet you place is called a lay bet. You place this bet at a betting exchange like Smarkets or Betfair and it’s used to remove any chance.
These two bets cancel each other out meaning you end up where you started. One of your bets wins and one loses. Overall, you won’t win or lose any money in this process but you’ve now qualified for a free bet from the bookmaker.
As simple as that.
There’s obviously a bit more to it but that’s the basic principle behind matched betting.
Is matched betting possible in Canada?
So now you know a little more about what matched betting is and how it works, let’s find out if matched betting is actually possible in Canada?
We often get asked where people can take part in matched betting and specifically whether matched betting in Canada is a viable option to make money online.
The gambling rules in Canada are quite confusing and they differ between provinces. However, you can still use these European bookmakers:
- Bet365
- Ladbrokes
- William Hill
Furthermore, there are a number of Canadian bookmakers that you can use to make money with matched betting.
Get started with matched betting
Matched betting is certainly one of the best methods to make a great second income online and there are already hundreds of people that take part.
Why not join in the fun and give it a go today?