Matched Betting Explained Risk-Free Strategy to Beat the Bookies

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The very notion of a truly risk-free bet sounds like a punters fantasy. After all, gambling is inherently risky, and its safe to say that theres no real way to beat the bookies. The house always wins, right?But what if we told you that matched betting is exactly that a statistically proven way to secure guaranteed wins with . Its not hoodoo, and once you read about it youll understand that it makes sense. In fact, this sports betting strategy has been around for decades. It just got a new coat of paint with the rise of online bookmakers.As one of the latest trends in online sports betting circles, theres certainly plenty of interest in how matched betting works. Well explain it in detail below, along with some tips and tricks for getting started.What Is Matched Betting?Matched betting is a sports betting strategy that guarantees profits by relying on free bets offered by online bookmakers and a bit of betting arbitrage.Its important to note that the term matched betting does not mean the same as arbitrage betting. Technically, it does arbitrage, however. It will help immensely if youre familiar with .It will make our guide a tad easier to understand.Anyway, how does matched betting work?The basic idea is to use free bet promotions that are offered by most top online sportsbooks. Using techniques such as arbitrage, we can negate all of the risks involved with betting and free bets by relying on sports betting exchanges.If that sounds confusing, dont worry. Well walk you through the full proce s step by step, which makes things a lot easier even to complete beginners. However, well need to clarify a few terms before we dive in.are sites that allow users to wager against each other. They use a system of backing and laying bets. This means that you can bet against other players that a certain result will happen, which is called backing. Laying, on the other hand, means that youre betting a certain outcome happen and predicting a backed bet will lose. If you need more info on exchanges and lay betting, check out Jaren Jackson Jr. Jersey .Free bets are fairly self-explanatory. They are promotions that you use to place bets online without risking real money. Although you can win real money using free bets, their use is often limited by deposit requirements, playthrough requirements, and other limitations. Matched betting is all about getting around those limitations and walking away with a profit.How to Make Matched Bets in 5 Simple StepsIf the information above seems daunting, well now take you through a step-by-step guide to matched betting. It will cover everything you need to know and offer links and details for additional info. Lets dive right in!Step 1: Find and Collect a Free Bet OfferThe first thing youll need is a traditional fixed odds bookmaker. In other words, a regular betting site. Most offer some sort of welcome deal these days, many of which offer free bets.If you need help finding online bookmakers to play with, check out our . Also, make sure to check out our if you want to try out matched betting right now.Picking a good bookie is important, but well leave that part to you. The important thing for our goals is to collect a promotion or bonus. Look for something like Bet 10, get 10 Free Bet.For example, lets go with . Its offering a prize of 30 in free bets after you wager your first 10. Its a great offer and you can .Step 2: Place a Qualifying Bet to Unlock Your Free BetsMost top bookies place some sort of requirement on their free bets. In our example, we have to bet 10 in a single bet before we can collect the promotion. Well need to do so for that to work.If youre rolling your eyes thinking we said there was no risk dont worry. Well get this money back for sure in the following step.The important part of this step is to find a good bet for matched betting. Some rely on third-party sites like Oddsmatcher, while others do it manually. E sentially, you want a good bet for arbitrage to minimize risks. If youre not sure what that means, proceed to the next step where well explain everything.Also, make sure youre qualifying bet fits the sites criteria. For instance, the William Hill offer requires Ja Morant Jersey a qualifying bet with odds of 2.0 of greater.Step 3: Lay an Opposing Bet via a Betting ExchangeNow we want to make sure were playing both sides, which guarantees a win. Youll need a betting exchange for that. The most popular option is , which you can register for .Find the same betting market that you used for your qualifying bet and lay it.This means that you win here if your original qualifying bet loses. In other words, youll win no matter what happens.The stake for this lay bet depends on your qualifying bet. You want to a wager that will cover the initial 10 stake if it wins. For instance, if your qualifying bet has odds of 2.0, youll want to lay a bet as close to 2.0 as po sible.However, covering both outcomes of a wager results in a net lo s because bookies use margins and exchanges have fees. Thats why were looking at two sites, and its why were using an exchange to wager against other punters instead of a bookmaker.The trick with this is to find a single market whose odds are high for both your qualifying bet and the wager you lay on an exchange. The higher these two are, the better your profits. If you find a good pick, youll be able to do this with negligible lo ses or no lo ses at all. If youre forced to take lose a few pennies to make it work, thats fine. Youll make more than enough to cover them.Step 4: Use Your Free BetIf youve done the above steps correctly, your free bets will now be available to you. Youre already ahead in our example, we secured 30 in free bets without ever risking any of our money. Neat, huh?Typically, your free bet tokens become available as soon as the original wager is settled. If not, you may wish to contact the betting sites customer support.However, you cant just withdraw your free bets and pocket them. They can only be used for other wagers, which means youll have to risk them to collect them. Theres still a chance you straight-up lose all of them if youre unlucky enough.Luckily for us, weve just described a way of eliminating any risk at all from betting. All we have to do is repeat the proce s.And so, you want to find another betting opportunity like in step 2 and use your free bets to place it.Step 5: Lay Against Yourself and Collect Your WinningsRepeat the proce s from step 3 and lay against your new free bet.Again, youll want to carefully calculate the stake youll have to use here. The gist is to win your stake back, or rather the same amount your free bets are worth. The longer the odds on your free bet, the bigger the stake youll need to lay to balance things out.Once both of these steps are done, you can sit back and wait for the results of the match. One of two things will happen:Your free bet wins and your lay bet loses If youve done things correctly, your winnings should be higher than your lo ses. At the very least youll cover the lo s and then just repeat the whole proce s.Your lay bet wins and your free bet loses In this case, you win for sure. You used your free bets on the losing wager, so you lose nothing while collecting pure profit from the exchange.ConclusionThere you have it! If you correctly sized up your stakes and picked the right bets youve now won without ever exposing yourself to risk. This will work with any sport you can lay and back wagers in. However Killian Tillie Jersey , we recommend football because of the abundance of offers and coverage.Its important to note that the matched betting strategy doesnt work without the free bets. They eliminate the risk from one of your two opposing bets, which is what makes the whole thing work in the first place.This means youll always need more free bets. Welcome offers, reload bonuses, weekly deals whatever it takes to get your hands on some. You can start by checking our for regular, updated offers.
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