How Does Matched Betting Work? Matched Betting Explained
Matched betting is a strategy based on getting free bets from various online sportsbooks. You can play these free bets against each other to make sure that whatever game you bet on you win some money. It’s as simple as using one bookmaker to make a free bet on one team winning. Then go to another bookmaker and bet on the other team winning. One team will win and then you collect the amount you’ve won.
It turns gambling into investing and allows you to profit even if you know next to nothing about sports or gambling. There’s nothing illegal about it and it allows you to win a decent amount of money each week. Keep reading to see how you can make matched betting work for you.
- Matched betting allows you to win on every game you bet on
- It’s an easy to follow strategy that allows you take advantage of sports book offers
- You will need to sign up for at least two book makers to take advantage of matched betting
- Matched betting will take you some time but can be very rewarding
- You must follow all of our steps carefully to make the most of matched betting
Matched Betting Strategies
Matched betting depends on being able to find free bets from various online bookmakers. That shouldn’t be too hard as there are a ton of online sportsbooks to choose from. Most of them offer a free bet of some kind to welcome you to the site. You can then use those free bets to set up your strategy. Doing so should cost you no money at all and make sure that you win some money.
If gambling is completely new to you, you’ll want to try out our Betting for Beginners guide which can take you through the basic strategies of gambling. It will explain how to make a bet, what are good bets to make, and just walk you through the entire experience of getting started in gambling.
The Basics of Matched Betting
The basics are pretty simple; Most online bookmakers offer free bets to get you to sign up. In some cases, you have to deposit some money first but that’s not a big deal. For example, if you get $10 in a free bet for depositing $10 simply make the $10 deposit. Then collect your free bet and place it, and withdraw the $10 you put in. It’s that simple.
Once you’ve placed your free bet on one team then go to another sportsbook site. Claim their $10 free bet, and place their $10 free bet on the other team to win. One of the teams will win. Then collect the value of the win and withdraw that. You have now won money without betting any of your own money at all.
If you’ve gambled before but always in person and never online then you might be interested in our online betting guide. This walks you through the different promotions the casinos have to offer, how they differ from online sportsbooks, and explains the ins and outs of online gambling – which is somewhat different from gambling in actual casinos or sportsbooks.
How Does Matched Betting Work?
With the exception of soccer, when a sport is played, one of the teams is going to win. Therefore, as long as you bet on both teams you can’t lose. Of course, it’s better if the team with the highest odds wins, but you don’t care. You are trying to make money without placing any of your own money on the line. Matched betting allows that to happen. You should be careful, however. Some games allow for a tie. That’s not a result you want to have to worry about so try to avoid games that have a chance of ending up in a tie as if that happens, you’ll lose both bets and have wasted your time.
If you want to move from matched betting to something a little bit more challenging, we can take the time to explain how cash out betting works. This is a system that minimizes your losses when they happen and is only slightly more complicated than matched betting. It’s good for people who want to take some risks but also want to be able to walk away if they start losing.
Always Use Two Different Bookies
Sometimes a bookmaker will give you multiple free bets for signing up. You may be tempted to make your matched bets with those multiple free bets. But don’t do it. If you dig into the terms of service of most online sportsbook operations, they will tell you that matched bets are against their terms of service. Even if they don’t, they reserve the right to refuse to honor any bet. If they notice you are placing free matched bets they might not payout. So always use two online bookmakers when using this strategy. That way neither will find out and you’ll be able to keep all your money.
Depending on what part of Canada you are in you may be wondering if betting on online sportsbooks is legal. To find out you can simply go to our guide to legal gambling in Canada. It will walk you through what’s legal and what’s not depending on where you live. That way you’ll never have to worry about breaking the law.
Yes, Matched Betting Is Legal
This is a question that comes up all the time, and we’re here to tell you that there is no law against placing any type of bet on as many online bookmaking sites as you like. You have the legal right to go to two bookmakers and make opposite bets. This is just common sense. The fact that you are making free bets and guaranteeing that you will win is just you being smart. It’s not taking advantage of any online bookmaker. It’s just playing the gambling game smart and taking the proceeds home with you. Nobody needs to know what you are doing. And you will make money. So, don’t be afraid of doing anything illegal. You are just being smart.
Be Careful Of Play Through Requirements
This is one thing that can trip you up. Most online sportsbooks set up their free bets so that if you win you win the value of your win minus the value of the free bet. So, if you bet $10 on two to one odd and you won, you’d get to withdraw $10.
Some sportsbooks though have playthrough requirements. For example, if they have a four-times play through requirement that means on your $10 free bet you’d have to win $40 and then bet that through again. This defeats the point of this particular strategy. So, always look closely at the terms of service before you make your bet. Otherwise, you could end up just wasting your time.
How To Make The Most Money Off Of Matched Betting
The key to making as much as you can with this method is to figure out how to leverage the most cash out of a free bet. This becomes easier when you realize just how many online sportsbooks there are. Therefore, you can afford to have some bets not pay off that well because long term you will make big scores. Therefore, you want to find the games with the biggest odds for the unfavored team. That way on the occasions when they win, you’ll clean up the big money. Remember you are not betting with your own money. It’s the house’s money. So, make the big bets and then clean up when they come in. Even if the favored teams win, you’ll get some money so it’s not exactly a loss.
Stay Away From Online Bookies That Make You Bet Your Own Money
There is one thing that could get in the way of your strategy. Some online bookmakers make you bet your own money first before they give you your free bet sportsbook bonus. These are guys you want to stay away from. Remember, the entire point of matched betting is to make sure you don’t put any of your cash at risk. Therefore, read their terms of service carefully and make sure that you get your free bet as soon as you make a deposit. Then make your free bet, go to a different sportsbook, make your opposite free bet there and when you win, collect your winnings and also withdraw the money you had to put into the account to get the free bet.
Make Sure The Two Sports Books Are Not Owned By The Same Company
This is one thing that has tripped up people who use these strategies. There are large companies that own multiple sportsbooks under different names. If the two sportsbooks you use are owned by the same company, they might notice when you use this strategy. Then they will refuse to honor the best. So, before you try this, make sure that you select two sportsbooks that are not owned and operated by the same entity, or you risk wasting your time on a bet that will never be honored. Even though it’s perfectly legal, sportsbooks don’t like it when you do it. So be careful. All sportsbooks must say who owns them in their terms of service, so check that out.
Make Sure You Have The Time To Do Matched Betting
We’ll be honest; the matched betting strategy takes time. You will have to register at least two sportsbooks before you can get started, and it will take you at least 20 minutes to register for a sportsbook. So, before you get started, set aside enough time to get set up. And remember, to make money off of matched betting you are going to have to register for a lot of sportsbooks. So, setting up the time to get it done is very important. It will pay off down the line so consider your time your investment in matched betting.
What Other Betting Guides & Strategies Are Available?
We have all sorts of guides that can help you play to win on online casinos and sportsbooks. We can walk you step by step through a blackjack strategy that will keep your losses low or non-existent. We can help you learn how to play poker online. We’ll start out explaining the basics of five-card draw – what you play on poker machines – and then once you are used to that start explaining the best strategies for playing Texas Hold ‘Em against other players. This knowledge will increase your odds when you are on the table.
Matched Betting Conclusion
Matched betting is a simple, easy to use a strategy that will help you win money from the best bookmaker providers without putting your cash at risk. It doesn’t even require you to know anything about the sport at all. You simply need to be able to read the odds table. You use free bets and bet on both possible outcomes. Therefore, no matter who wins you win – and you haven’t put any of your own money at risk. Matched betting is completely legal, but you do want to do it at two different sportsbooks. When you do so you’ll end up with more cash than you started with and feel good about making money off the sportsbooks welcome offers.
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