Too Risky? Get to Know the No Risk Matched Betting Canada 2024

Key Takeaways

• No risk matched betting promises profit from bets every time
• Utilises bookmaker bonuses, and particularly free bets, to secure profit
• While considered no risk if done correctly, matched betting remains fiendishly complicated
• Poses a potential risk to the health of bookmaker accounts

4 Crucial Things You Need to Know About No Risk Matched Betting

Even with no risk matched betting explained in the simplest terms, there’s a lot to learn. A heap of information to process, new techniques to master, and — alas — some pretty deep downsides to contend with, but there’s also a genuine potential for profit too. To realise that profit, you’ll need to start from scratch, go back to basics, and ensure you know everything there is to know about no risk matched betting.

A lot has been said online about the potential no risk matched betting can offer users, so let’s look beyond the noise and instead focus on the essential, key facts that anyone contemplating trying no risk matched betting online needs to know.

#1 – No risk matched betting is not beginner friendly

Let’s say right now that if you are completely new to betting, you’ll find matched betting is complicated and you should read our ‘Betting for Beginners‘ guide as well. However, here’s a very basic overview of the practice in its purest form to give you an idea:

• User receives a free bet from a bookmaker.
• User places that free bet on at a sportsbook.
• User performs a calculation to determine their lay stake.
• User lays the same bet as placed at the sportsbook at an exchange
• The calculation ensures profit is secured regardless of the outcome of the event.

There’s some terminology connected with no risk matched betting that will give most punters pause, namely what it means to lay, and how exchanges function. As a basic explanation, laying means to bet against an event happening; a standard bookmaker bet is a “back” bet, betting that an event will happen. A lay is the opposite. So if you back a team to win, you can also lay the same team to win at a betting exchange — which means your bet wins if the team does not win.

Given the above explanation is about as simple as can be and still manages to be plenty complicated, it’s clear that the fundamentals of no risk matched betting aren’t really suitable for those seeking bookmakers for beginners or looking to bet online for the first time. That’s not to say it’s not an option one day, but if you’re a beginner, then it might be best to spend more time familiarising yourself with online betting as a whole before giving matched betting a try.

#2 – It’s not punting

When the average user partakes in activities such as moneyline betting, they’re taking a chance. How big a risk that chance is is reflected in the odds: betting with high odds means their bet is less likely to succeed (but will create a higher profit if it does), while low odds suggests a winning bet is more likely — but still far from guaranteed. There’s always that element of risk in standard betting, or “punting” as it is more commonly known.

The moment a user decides to place a matched bet, they’re no longer punting.

The key to the difference is the expectation in outcome. A punter will place a bet hoping to win and secure a profit; a matched bettor will place a bet (or two bets, as we’ll soon discuss in more detail) and know they will win. This knowledge is at the heart of why no risk matched betting online carries the “no risk” descriptor: whatever happens in the event is irrelevant to a matched bettor, as they’re going to “win” either the way. The same isn’t true of punting, where there’s always an element of chance, and a risk that the bet might lose.

It’s therefore fair to say that matched betting requires a very different mindset to punting. Where punting should be influenced by research, knowledge of a particular sport, insights into team histories, study of betting tips, and making use of bookmaker features such as knowing how to cash out a bet at a sportsbook at the right time, matched betting is something else entirely, and abandons all of the aforementioned elements in favour of a focus on cold, hard math. The two practices — punting and matched betting — are as different from one another as draughts and chess; they may sort-of resemble each other in some ways, but ultimately, their differences are chasmic and fundamental.

The risk to account health

Finally, it would be remiss of us not to highlight one of the most critical ways in which no risk matched betting differs from punting: how bookmakers see the practice. Punting is how bookmakers prefer people to use their websites; it’s the standard, the way they are designed to be used — and matched betting flouts pretty much all of those standards in favour of its data-driven, outcome-is-irrelevant approach. As a result, bookmakers often restrict or ban accounts that they suspect to be matched betting, which is nigh-on unavoidable. So if you want to keep all of your bookmaker accounts, it might be best to stick to punting.

#3 – Matched betting requires constantly-split attention

If you’re betting online at a legal bookmaker, then the process is pretty straightforward: you select the market you want to bet on, you select your bet, fill out your bet slip, and click confirm. Sure, you might want to compare bookmaker prices — and you should in order to get the best price! – but nevertheless, there’s not a lot of fuss needed to get your bet placed.

In contrast, matched betting is the king of generating fuss. To complete a matched bet, users have to go through a laborious process. First, you have to secure your free bet from a bookmaker, which usually involves a qualifying bet of some sort. Matched bettors will back and lay this bet, usually resulting in a small loss, but resulting in a free bet to use on a second fixture.

The process of generating a profit from your hard-won free bet

You’ve now got to find a “good match”; a bet where the back and lay odds are close together in order to generate the best possible profit. Scouring thousands of different bets is nigh-on impossible without technology, which is why you’re then going to need to head to one of the best no risk matched betting apps or sites to help you out. You’ll probably need a subscription for such a service; yet another element you’ll have to take care of.

So you finally login and you find your match. Now you have to place a back bet at a bookmaker, then lay that same bet at an exchange — so you’re logging into at least two different accounts. The best no risk matched betting websites will make this easier for you, often by allowing you to place your lay directly through the site, but it’s still more steps than standard punting. Finally, you’ll have to check your bet when it’s placed, just to ensure the math adds up, the bet is placed correctly, and your profit is secured. After all, no risk matched betting still carries the risk of making a mistake and actually losing money rather than winning it, so verifying every step is absolutely essential.

And you’ll have to do the above, over and over again, every time you partake in matched betting. Sure, it will generate a profit, but you’re going to have to work a little for that profit too.

#4 – It works

Given everything we’ve said about no risk matched betting Canada, including the fact that there is always the possibility of user error to negate the “no risk” element, you may be wondering… why does anyone bother? It takes a lot of time, you’re risking your bookmaker accounts thus rendering no risk matched betting somewhat unsustainable, you have to continually qualify for free bets… is it even worth it?

Here’s the rub: no risk matched betting, if done correctly and with solid research and the use of one of the best no risk matched betting websites to assist you in finding matches, works. It’s simple maths, taking advantage of close odds and the fact you can bet both for and against the same account. There’s no scam to be found here, no majestic moment where we pull back the curtain and denounce the entire practice of no risk matched betting — it is what it says on the tin, and while there’s always the potential for issues, the basic principle is completely sound.

What other betting/casino guides & strategies are available?

Thankfully, the world of betting strategies is a large one. If you decide that the best no risk matched betting sites aren’t for you, or you want to experiment with different ideas, then there’s still plenty of options to choose from — and we at Betastic are by far your best resource in this regard. Keep checking back here to learn more about the range of strategies that are available across all areas of gambling, from sports to casino to poker; we’ll cover it all.

Conclusion

If there’s one thing that should quickly become clear to anyone seeking to have matched betting explained, it’s that the practice is far from simple. While it may be known as no risk matched betting, matched betting does have the potential for costly errors, and can be time-consuming and challenging to say the least.

Nevertheless, done correctly, no risk matched betting in Canada really can deliver on its underlying promise. There’s a lot of research required, and you might not be able to hang on to your favourite bookmaker accounts for very long, but get it right and you can secure a profit just through the process of placing back and lay bets. Easy? No. Potentially successful? Absolutely.

No Risk Matched Betting FAQ