Matched Betting Explained in 2021
If you are an experienced sports bettor, you may be looking to develop your knowledge and awareness of different types of betting strategies, with one of the betting strategies that is more for advanced bettors is called matched betting. This is a process where you have a free bet and you use a ‘back and laying’ approach to turn the free bet funds into real cash in an almost risk-free way. This guide looks at all aspects of the no-risk matched betting approach.
How does Matched Betting work?
The matched betting strategy sees you making money out of your free bets and the promotions that you get from the bookmaker. You do not have to rely on any form of luck, you simply cover the possible outcomes of a given event through the use of four bets.
You need to get your hands on a free bet offer and then place a lay bet on a different sportsbook or sports betting exchange. A so called “no risk” matched betting calculator can be used to determine exactly how much you need to place on your corresponding lay bet. You then back your selection by using the free bet offer and do another lay bet to cover your bases.
How do I place & win Matched Betting?
While the idea of matched betting can be a bit complex initially, once you break it down into a few different steps, it can be a lot more manageable. This allows you to set yourself up for success as much as possible and to ultimately improve your chance of being profitable in the long run. Here are some of those key steps:
- Step 1: Find a well-matched betting offer from a sportsbook. You may need to sign up for a new platform to get your hands on this deal. You then need to decide on what sporting event you are going to deploy this strategy on. Ideally, the two competitors need to have odds that are closely matched.
- Step 2: Your next step will see you placing the qualifying bet to get your matched bet. You then need to go to another sports betting site or exchange and play a lay bet on the opposite result. A matched betting calculator will help you determine what stake you need to place.
- Step 3: You can then place your second matched bet by utilizing the free bet. It is important that the odds are close together and pretty high for it to be successful.
What sports offer Matched Betting?
A lot of different sports cater to matched betting. Usually, there need to be only two competitors who are battling against each other for supremacy. This provides you with plenty of chances along the way to use this bet type. Here are some of the leading sports to keep in mind:
Most sports: You can use matched betting for most games with two competitors, once you get your hands on a matched bet offer. There are about four bets in total that you will need to make in order for this cricket strategy to be successful. To get an exact idea of what sorts of bets you need to be making, have a look at the example that is outlined below.
Example for Matched Betting
Matched betting is a complex idea, so an example is needed in order to make it clearer. Assume that you are betting on a rugby match between South Africa and New Zealand. You need to find an offer where you can get your hands on a free bet. For example, an operator may offer free bets worth R300 when you stake R100. You can get a no-risk matched bet by making just two different matched bets.
First matched bet
Unlock the free bet by making the qualifying bet on South Africa to win a 2.0 odds, so you now have a free bet worth R300. Then go to a sports betting exchange and place a lay bet against South Africa at odds of 2.1, with there being a 5% commission charged.
Utilize a calculator for matched betting to determine what stake you need to place. For this particular case, you will need to place a bet of R97.60 to match the initial back bet. No matter what the result is in the game, you will have a net loss, either being R7.40 down if South Africa win or R7.30 down if they lose.
Second matched bet
You then have your R300 free bet that you can use to back Horse A to win at 6.0 odds. On the betting exchange, the lay odds for this horse are 6.1 and there is a 5% commission.
Through using the matched betting calculator, you find that the stake size for your lay bet has to be R247.90. No matter what the result of this race is, you will be making a profit. If the horse is victorious, you make a profit of R235.70 and if it loses, your profit will be R235.50.
Is Matched Betting a Good Bet?
The use of matched betting is certainly a good thing for bettors. This is because you can effectively guarantee a return from a free bet offer that you are using. There are of course some risks involved with this strategy, which is why practice is needed.
5 Tips for your next bets
If you like the look of matched betting and you are interested in getting started with this strategy, there are a few things to keep in mind. Here are a few simple tips:
- Tip 1: Don’t overcomplicate matters: While initially, the concept of matched betting can appear to be confusing, in reality, it is all very simple and can be made easier through using online calculators.
- Tip 2: Know the bonus terms: Every bonus offer is going to have different rules about how you can use a free bet. Make sure that there is no hidden rule that will cause you issues when matched betting.
- Tip 3: Try out slowly: If you are matched betting for the first time, you should start out with relatively small stakes in case you make a mistake. While the process is simple, you may need to go through a trial run before you get the hang of it.
- Tip 4: Pick the right events: Make sure that you are dealing with the right markets for your matched bets. The first bet usually is best for lower odds that are evenly split, while the second bet is ideal for odds that are a bit higher so you can get a better return.
- Tip 5: Use occasionally: Matched betting is not something that can be done every day for months and months there are only so many relevant free bets that you can get your hands on. Therefore, use it as an occasional part of your strategy.
Which Matched Betting site is the best to bet on?
Thanks to our guide, you have everything about matched betting in one place. It is the time to start applying these tips and tricks into real-money matched betting. Navigate to bet.co.za and create an online account. Don’t forget to load it with some money, and you can go straight into the offer. Keep in mind all the advice, and make your selections wisely. It will pay off, and you’ll start being profitable in the long term!
There are now laws or rules against matched betting. While operators do not really like this approach as they are looking to make as much money as possible off you, there is nothing illegal about what you are doing, particularly if you are only using matched betting occasionally.
Some people may have concerns about the ethics associated with matched betting. This is nothing more than a smart approach to making the most of the bonus offers that are being offered by bookmakers. The aim of these promotions is to attract players to a platform, so the bettors deserve a reward in return for their business.
As there does not seem to be much risk attached to partaking in matched betting, some people may say that it is more a form of mathematics rather than being a form of gambling. This is up to you to decide, but the bottom line is that you will have more funds to place on the sports bets that you pick out.
In principle, matched betting is completely safe and legal to do, particularly because if done right and without any hitches you are guaranteed to profit. However, there is the possibility that you will make a mistake along the process and cause you to not guarantee a return. This is why you should double-check every step along the way.