Learn Matched Betting – The Concept Of Matched Betting
Learn matched betting and you can make thousands of pounds. You may think this sounds too good to be true; but in fact, matched betting is risk-free betting. The trouble is that not many people understand how it works. Below, we’ll provide you with the basics of matched betting so you can get to grips with how it works.
The concept of match betting involves an individual holding an account with two or more online bookmakers or betting exchange websites – usually one bookmaker and one betting exchange. For matched betting to be risk-free, the bookmaker needs to be offering you a free bet. This free bet will be placed on a certain football team to win. Then, the betting exchange will be utilised to hedge all possible outcomes, which means that no matter what, the free bet value is retained. Therefore, the simplest form of matched betting involves a back bet being placed on a bookmaker’s website, such as Bet365, and the opposing lay bet being placed on a betting exchange website, for instance, Betfair Exchange. However, there are more advanced methods, known as ‘dutching’, where an individual uses numerous bookmakers to place the bets so that they can avoid the commission that is charged by exchange betting websites. It is important to note that you’ll typically need to place a qualifying bet with a bookmaker to unlock the free bet. In this situation, you will place a back bet and a lay bet of the same amount, leading to no profit but allowing you to unlock the free bet. When you then repeat the process with the free bet, a profit is made.
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