Matched betting is a form of gambling that is almost risk-free. The best part is you won’t be risking your money to stake because you will be using the bonuses offered to you by bookmakers and betting exchange platforms. Signup bonuses are what you will often use. Therefore, you won’t need to spend much time on these platforms to be able to take advantage of their platform bonus. You can check TheTrader to get more information.
How Matched Betting Works?
To do this, you need a bookie and betting exchange. Register on these platforms and use your signup reward to stake on games. The basic idea behind this type of betting is that you will offset a potential loss that could happen from your bet on a platform by staking the opposite on the second platform. You can use a calculator on TheTrader to know the exact amount you should wager to avoid losses.
Here is an instance that will shed more light on the situation. For example, Let’s say you used your bonus on a bookmaker to stake in a football match between Portugal and Wales. Let’s assume that your bet is for Portugal to win this match. Then, you will place a” lay” bet on an exchange platform that Portugal will lose the game. To place the lay bet, you can use a calculator to carefully calculate the lay bet to place on the exchange platform. Therefore, whatever the outcome of the match is, you won’t lose any money. You will only gain because you are using a free bet.
The Rewards of Matched Betting
This type of matched betting comes with a lot of rewards. Below are some of the rewards of matched betting:
- Adaptable Schedule
- Taking Advantage of Free Bets
- Low-risk Tactic
- Minimal Initial Capital
- Profit Assured
Adaptable Schedule
Matched betting is not time-consuming; it does not require deep analysis of the market to make the right decision. This fact makes it a flexible activity to perform. Taking part in matched betting will not require you to invest a considerable amount of time.
Taking Advantage of Free Bets
One of the significant benefits of this type of betting that makes it worth it is the fact that you are using the bonuses offered by bookmakers/ exchange platforms to stake. This provides extra funds to take more risks without using your money.
Low-risk Tactic
What you are doing is simply placing bets against yourself. Therefore, regardless of the outcome of the event, you will win. This makes it a low-risk strategy to win big from bookmakers.
Minimal Initial Capital
Matched betting doesn’t require a considerable amount to get started. All you need is the minimum amount required by the bookmaker to win the signup bonus they offer. Here is a tip: always go for bookmakers that require a low amount for their signup deposit bonus.
Profit Assured
By staking on all the possible outcomes of the game, you are definitely going to make a profit regardless of the direction the game took. Also, this is one of the primary benefits of this type of betting.
The Risks of Matched Betting
As I mentioned in the first article, this type of betting is almost risk-free, with emphasis on nearly. Below are some risks you should expect:Â Â
- Human Error
- High Reliance on Free Bets
- Bans or Account limitations
Human Error can occur mostly when placing the bet and when calculating the amount needed to counter the opposite chance. However, the second risk is usually determined by bookmakers; therefore, there is not much you can do about it. Though matched betting isn’t illegal, bookmakers don’t like it, and it often results in account bans.
Conclusion
The rewards of matched betting outweigh its risks. Therefore, you can partake in it and try as much as possible to avoid the risk. If you can do that, you will enjoy all the benefits of matched betting. Also, keep in mind that it is not illegal, but bookies frown on it.
