How to Use Matched Betting to Your
You may have never
heard of matched betting. Get rich quick schemes and other money making
tutorials are all over the internet. There is no such thing as free money, but
this form of betting is a legitimate way to earn money. Read on to learn how it
– While matched
betting is a simple process, it is not a strategy that is profitable in the
– Matched betting is
only available in jurisdictions where betting exchanges exist.
a Matched Bet
Very simply, matched
betting involves placing bets at multiple sportsbooks in a way to ensure a win
no matter the result all while using free bet offers.
By hedging against
free bet offers at online sportsbooks at an online betting exchange, matched
bets are a risk-free betting strategy that enables you to profit. Since you can
predict the result with complete certainty and have eliminated chance from the
equation, it really isn’t even gambling.
Because you always
stake the same sum of money on all potential outcomes, matched betting doesn't
require any prior knowledge of sports or betting. The objective is to make sure
your free bet offer is successful rather than to "win" a bet in the
This is a form of
hedging as you are only placing a bet on one of the two possible outcomes. Betting NFL futures, for example, doesn’t
work here. You use a free bet from the sportsbook as insurance against your own
Here is a very
high-level summary of how to begin using this technique. You must stake your
own funds on a qualifying bet before you can use the free bets offered by the
majority of sportsbooks out there. Remember, books have a rollover requirement
before you can access any winnings.
You won't lose the
money you put down, so keep that in mind. Simply having the money on hand is
all that is required to unlock the free bet.
Find a free bet
promotion at an online sportsbook, then sign up there to
access the deal. Choose a wager that will allow you to unlock your free bet by
fulfilling the sportsbook's rollover requirements.
If the book demands
a $100 wager in order to activate a $100 free bet, place the $100 wager on any
line with just two possible outcomes. Avoid betting on horse racing, three-way
moneylines, and championship futures. NBA point spreads, for example, work
Find the same event
on a betting exchange and place your wager on the other side of the bet at the
same odds. In the end, one wager will be a winner and the other is a loser. You
end up with $100 minus any fees levied by the betting exchange. You will lose a
small portion on fees at an exchange, but you will effectively take a
Matched Bet for a Profit That Is Guaranteed
Bettors can repeat
this process by placing the free bet at a sportsbook and laying down real cash
at a betting exchange. You will win one side of the bet and can withdraw your
winnings regardless of the outcome of the sporting event.
Matching bets can be
an advantageous way to wager on long odds that would otherwise be too risky
because there is no chance of losing your money. Betting NHL underdogs, for example, would be good
bets to pursue.
Betting vs. Matched Betting
Similar to arbitrage
betting, matched bets involve making equal bets on all potential outcomes of an
event. The difference lies in your approach; arbitrage betting takes advantage
of sizable disparities in the odds offered by various sportsbooks. This
requires extensive line-scanning on the part of bettors in search of
Matched betting is
much easier, and you can use it to guarantee profit by placing bets on both
sides of any wager. The wager must be available at an online betting exchange
and is qualified for a free bet.
This betting method
is not a scam or some pyramid scheme. It has been heavily promoted on numerous
betting websites. Using this strategy is not considered fraud just as betting NBA parlays is not fraud either.
Any sportsbook that
permits online sports betting is legal for matched betting. The only
restriction is that in order to effectively benefit from this strategy, you
must have access to a betting exchange.
The most well-known
online exchange, Betfair, is only accessible in Delaware, New Jersey, and
Nevada. Despite being legal, matched bets are still out of reach for the
majority of American gamblers for the time being.
When compared to
traditional sports betting, matched betting is not the most effective or
entertaining way to increase your income. Using matched bets doesn't pay more
than minimum wage unless you are extremely productive.
Even if you used
every initial free bet, you would probably end up with a few thousand dollars
after hundreds of hours of work. Yes, it is risk-free, but that doesn’t mean
that it is free. It takes time and some effort.
There are many other
betting strategies that can bring in positive returns.
Working on matched bets should be viewed as more of a hobby or something to do
if you have the extra time. And don’t forget, this type of betting isn’t
available in all states.
Can Ban You for Matched Betting
Online and physical
sportsbooks are always on the lookout for bettors trying to “pull one over” on
them. Sportsbooks used shared security servers making it easy to identify high
rollers attempting to use strategies like matched betting.
Almost all online wagering
websites make it clear that they are only for "recreational
bettors," but taking advantage of a free offer to make sure of winning
money at a gambling website is hardly recreational.
Despite this, some
business leaders have asserted that online sportsbooks aren't particularly
interested in matched betting. The offers are ultimately too valuable in terms
of bringing in new customers. The books don’t really restrict them, though they
can put limitations on a bettor and even ban them for such activities.