Matched Betting Explained

Sports betting is one of the easiest and most proven ways of making good money in a quick and sustainable way. And this where matched betting comes in handy as a sweet tool to be exploited by both new and season sports bettors. Unlike normal gambling, where the gambler often ends up with losses, matched bettors can always be winners. The trick in matched betting is that any given better can take advantage of free bets and bonuses made available by bookmakers on any given day or time.

How To Make Money With Matched Sports betting

Among the benefits of taking part in matched betting is that you can make what would amount to a very good salary while working fewer hours. Also, the profit you make does not depend on the match results, as money is guaranteed no matter which team wins. And the best part is that you can start with as little as $50 and turn it into $500 within a few weeks. Simply put, matched bets come with few risks, but with the possibilities of immense returns.

Before you can start making your matched bets, here are a few very important issues you need to know or understand in order to make the most of your matched betting endeavors:

If you’re new to sports wagering, it’s worth first learning the basics of choosing an online sportsbook, since matched betting relies heavily on understanding how sportsbooks structure promotions, bonuses, and betting markets.

Free Bets

Free bets are an additional amount that a bookmaker gives a bettor as a means of promotion. For instance, if a bettor invests $30, the bookmaker can give $30 free on top. A bettor cannot withdraw this amount, but must invest it. Some free bets and bonuses depend on the currency a bettor uses when investing.

Betting Exchanges

Without Betting Exchanges, probably there would be no way of extracting bookmakers’ free bets and bonuses. If you’re unfamiliar with this peer-to-peer betting model, learn how exchange betting works and why it plays such an important role in matched betting strategies.

Traditional bookmakers only allow bettors to place bets on selections for them to win. If a bettor wins, they only pay the winning. Betting exchange comes in to allow bettors to also place lay bets. These are bets against a selection that wins, incase the first selection does not win.

Free Bets vs. Bonuses

These two terms are at times used interchangeably, but they are different in a number of ways, as is explained below:

Free bets

Also known as stake not returned free bets. They do not include their stakes in potential returns. For instance a $25 free bet, placed at odds of 2.0 can only return $25 since its stakes are not included in the winning.

Bonuses

Also known as stake returned, cash bonuses or deposit bonuses. They include their stakes in potential winnings. These have minimal wagering (rollover) before a bettor can withdraw them. Although bonuses may seem to bring more returns, it is advisable to begin with the free bets, especially in case where a bettor has small bankrolls.

Although bonuses may seem to bring more returns, it is advisable to begin with the free bets, especially in case where a bettor has small bankrolls. Understanding concepts such as reduced juice wagering can also help bettors evaluate long-term value when comparing promotions and betting opportunities.

How to extract an SNR Free Bet

If, for instance, a bettor place a bet and his account is credited with $10, the bettor must find a selection that has similar odds, on for instance on MyBookie.ag. For instance, if a match between Chelsea and Liverpool has the odds of 4.0 on both MyBookie.ag for the game to end in a draw, the bettor places his $10 free bet. If the draw occurs, the bet brings $30 and the stake is not included. If either team wins, the bettor loses nothing since he is not betting with his own money, so it’s still a worthy risk.

How to extract an SR Bonus

In this case, the bettor also needs to find a selection with similar odds on different sites. But he must consider that these require minimum rollovers before they can be withdrawn. Mostly, they are three to six times the amount of bonuses, but there are cases with exceptions. It is important to know what the rollover amount is before signing up. Just like free bets, bonuses are cashed by placing back bets with a bookmaker, while placing lay bets on your parent betting site on the same selection.

Matched betting strategies also depend on how sportsbooks manage player activity behind the scenes. Understanding sportsbook limits, payout speed, and risk controls can help bettors set realistic expectations when taking advantage of promotions, bonuses, and recurring matched betting opportunities.

The Perfect Odds

If for example the back odds on a selection on the bookmaker are lower than lay odds on your parent betting site, yet the selection is the same, the back and lay bets will lead to a loss. Using a betting odds calculator can help you quickly compare prices and identify whether a matched betting opportunity offers positive value.

On the other hand, matched betting with back odds that have greater values than lay odds will ensure profits, even with no free bets or bonuses. In short, it all a matter of assessing odds and values and judging which betting opportunities offer you a chance for profits through matched betting.

On a first-read, it may sound tedious, but with time, practice and more reading, it can be an invaluable betting strategy to help you rack up good money. Successful matched bettors often spend time learning what to look for in a sportsbook, since promotions, odds quality, and betting markets can significantly affect long-term results.

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About the Author

Henry Watkins

Henry Watkins is a Sports Writer at MyBookie. Originally from Scotland and currently residing in Metro Atlanta with his wife Penny, Henry covers a range of topics, including competitive and professional sports as well as sports business. In addition to his sports writing, he is also an author of horror fiction, with works such as Karaoke Night, Crueller, and Off The Grid.

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