Matched Betting: How and why this can be a profitable way of betting

Sports betting is a great way for many sports fans to enjoy their favourite sports more. For some, it is also a great way for them to earn some extra cash or money. There are even people who consider sports betting as their professional work. This just shows how betting can be a great way to make money when taken seriously and done right.

If you really want to profit from sports betting, you should have enough knowledge about the sports you’re following and be able to develop techniques and strategies when it comes to placing your bets.

There are a few great ways to better your chances of winning when betting on sports and this includes visiting sites like lines.com. However, there is also a technique that many punters swear by and this is called matched betting. 

Matched betting is a completely legal technique that requires to place a bet on all the possible outcome of a match. In doing this, no matter what happens, you still get to win or earn profits.

Now, you may think that this shouldn’t be the case as you will still be spending money on all the odds. Well, not really because in matched betting, you will need to make use of free bets.

How do you get free bets?

This depends from one bookie to another. Free bets can be given as part of a sign-up or welcome bonus. It could also be a form of a reload bonus if you’re not new to the casino or the sportsbook. Sometimes, bookies would offer this as a way for them to promote a match or a big event.

There are also bookies that would give out a matched bonus. This means that if you deposit 50 dollars to your account, you get the same amount from the bookie as a bonus. In total, you can get 100 dollars and the matched bonus that you got can then be used on matched betting. 

How does matched betting work?

To understand how this works better, you’ll need to know the two types of bets that are involved in the process. First is the back bet. Placing a back bet means that you are betting for an outcome to come true. This means that you’ll be backing a specific team or athlete to win the next match. If the team or athlete wins, then you also win.

The other type of bet involved in matched betting is called a lay bet. This is pretty much the opposite of a back bet as this means that you’re betting for an outcome to not happen. Basically, you’re betting on the odds of a team losing or ending with a draw match. If the team loses or ends up with a draw result, then that’s when you win the bet.

In matched betting, you are required to place both a back and a lay bet. For one of these bets, you can use your own money. For the other bet, you can use the free bet or bonus that you got from the bookie. And so, whatever the outcome is, you either break even or win more money. This is definitely a risk-free way of betting on sports and ensuring that you make profits instead of losing some money. 

When it comes to how much you can make from matched betting, this depends on the odds that you’ll be betting on. It’s best that you get two odds that are closely valued. Either way, you will always be left with up to 95 per cent of the free bet as your profit. This is because bookies would, of course, get their commission from the bet that you placed.

Always expect that as in the first place, this is the reason why sportsbooks like William Hill are completely fine with matched betting. Sportsbooks don’t really prohibit this activity because whether you win or lose, they will still make money from the bets that you make. 

It is surely a risk-free way of betting on sports and ensuring that you gain profits. However, you still need to know what exactly you’re doing and avoid making mistakes. It’s not just about placing two or more bets at the same time. You need to understand the odds you are wagering on to be sure that you will gain profits.

It’s also important that whenever you’re after getting the free bets that bookies would give to their customers, you should always read the fine print. Check when the free bet will be credited and whether you are actually eligible to get the bonus.

Leave a comment