All you need to know about: Matched Betting
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How does matched betting work?
Once you've used a free bet, a betting platform might hedge outcomes to retain the free stake, no matter the result. Matched betting involves placing an opposing bet with another provider to avoid losses, irrespective of what occurs.
Placing bets with multiple bookies helps bettors bypass commission charges by offsetting losses with wins from another bookie. Online betting sites allow bettors to wager with the person betting acting as the odds-maker.
It's a relatively straightforward process. Matched betting involves both back and lay bets.
Back bet
Betting on an outcome to happen is a back bet. If a bettor wagers on a specific team to win, it's called a back bet. If the team wins, the bettor wins their money. If the team loses, the bettor loses the money staked on the bet.
Lay bet
Betting against an outcome is called a lay bet. For example, betting that a team will lose is a lay wager. If the team loses, the bettor wins on a lay bet. By using free bets to cancel out risk through an opposing bet at comparable odds, a gambler is effectively matching their bet. This strategy aims to generate profit without risk when using the free bet to match the initial wager.
There are different types of matched bets, including manual and assisted. With assisted betting, websites offer comparison tables to guide bettors in selecting the best wagering options. These auto-matchers can potentially improve a bettor's chances of winning.
In recent times, some online subscription services offer instructions or software which helps bettors to choose winners based on the mathematical data analysis of betting odds.
With matched betting, you're guaranteed to win regardless of the outcome because you're placing bets on both results. Whether a team wins or loses, you've bet on both scenarios. These common matched betting strategies allow experienced gamblers in Kenya to avoid losses by wagering across multiple online bookie sites.
How can Kenyan players make money from matched betting?
After a successful matched bet, a gambler can potentially make up to 95% profit. Betting sites might charge a small commission, typically around five percent, on any gambling winnings. Differences in betting odds between online bookmakers can sometimes lead to a slight reduction in profit. With matched betting, small losses are anticipated and are offset by the value of free bet offers.
There is minimal risk involved in matched betting because you cover all outcomes by placing opposing bets on different online betting sites. For instance, using a KSh 500 free bet offer, you can follow the steps to win risk-free with hundreds of online betting sites available.
Matched betting risks only arise if a person makes a mistake during the wagering process or misunderstands the terms of a free bet incentive. It's crucial for gamblers to carefully review their bets to ensure they fully understand the process, terms, and conditions of any free bet offer.
After successfully implementing matched betting, a bettor can simply continue to repeat the process to keep winning risk-free.
Matched betting example for Kenyan players
A gambler registers to wager at online betting site A. The player makes a deposit $100, which the betting site matches up to 50 percent. Betting site A deposits $50 in funds into the gambler's account, allowing him to use the funds risk-free as an incentive to wager.
The bettor wagers $50 on football team A to win the match. He then visits online betting site B to register and place the opposite wager on team A to lose the game. Whether team A wins or loses, the gambler has matched the bet and will win money regardless of the game's outcome.
A gambler may also place variations on the matched game bet by wagering 10 points over a specific game point total and under a game point total at two different betting establishments. Gamblers may wager on sports-specific bets also.
Is matched betting legal?
Yes, matched betting is legal. It is simply a smart way to intelligently use free bets offered by online betting sites. Most gamblers are not aware of matched betting and will likely lose the free bet before spending personal funds to wager.
Online betting sites make money by offering incentives. There's nothing wrong with a gambler likewise using the incentive provided by an online betting site to make money.
However, if an online betting site catches an account holder matched betting, the sportsbook may restrict or close the account. Still, there is nothing illegal about betting on two different websites.
Bookmakers are interested in making money. After finding out that the site may not make money from an account holder, the online betting site may close the account. It's a common practice, however, unfair. Fortunately, with hundreds of online bookmakers offering free bet incentives, a gambler may simply choose a different sportsbook.
What is a Fraud in betting?
New bettors may wonder if matched betting is a scam. It isn't. Hedging a bet by betting the opposite wager at a different site is wise. It makes the bet virtually risk-free, allowing a gambler to win no matter what the match's outcome.
A gambler is wagering money to profit. By integrating matched betting into the gambling process, a bettor is likely to make a substantial profit by replicating matched betting across multiple online betting sites.
Free bets came about as incentives to attract more gamblers. Online betting establishments are making substantial money from gamblers who wager daily. This virtually risk-free gambling technique is not a scam but an intelligent way to avoid gambling losses.
Major online betting sites will offer similar odds and free incentives to wager. So, a seasoned gambler who is familiar with matched betting may win by accepting free bet incentives to reduce risk while gambling.
Matched betting tips and tricks
Avoid Risk
Online bettors must avoid risk at all costs. Although bettors wager on online gambling websites, matched betting is not considered gambling. With matched betting, gamblers may cover any personal funds wagered from losses by utilizing free bet incentives to ensure that the bettor wins regardless of the outcome.
Ways to avoid risk include reading the terms and conditions carefully, practicing matched betting to understand the process, and ensuring that every bet is covered by an opposite wager using a free bet incentive.
Research the Market
It takes time and research to fully understand the complexities associated with matched betting. For new gamblers, it's essential to read about the process and what is involved in placing a matched betting wager before risking or not risking money. There are several online guides about matched betting, as well as YouTube videos available to help a new bettor understand how to navigate matched betting on multiple online betting sites.
From understanding the odds to acquiring new betting incentives, a bettor may open hundreds of online betting accounts to take full advantage of the matched betting opportunities available online.
Temper Expectations
Matched betting is not a get-rich-quick scheme. It is a legal way to avoid losses while gambling online. Understanding the process takes time and consistency. People may watch earnings grow by continuing to participate in matched betting over time. Slow and steady wins the race.
Attempting to wager large sums of money quickly without thoroughly researching the process is a recipe for disaster. Bet small and win small is an excellent concept to follow before incrementally increasing wagers consistently over time.
Always Begin with Small Wagers
While betting is risk-free when using the matched betting strategy, it's a good idea for new gamblers to start small while learning the process. Even wagering $20 using the matched betting technique may help a gambler to fully understand the process.
Continuing to replicate the process with insignificant amounts will allow a gambler to learn how to win risk-free before betting with more significant amounts of money. Even trying matched betting with small wagers at multiple online betting sites may help the new matched bettor to make incremental money to grow over time.
Steadiness is the Key
Wagering daily for 30 minutes to an hour may earn a matched bettor up to $1000 a month in revenue. However, consistency is the key to continuous income from using the matched betting technique. It's possible to win higher sums of money by wagering larger sums.
However, a person using the matched betting technique must ensure that he fully understands the process before wagering more considerable sums of money. Every cent of personal funds spent on a wager must have the amount covered by free bet incentives wagered on the opposite bet.
Budget Accordingly
Just because a person is covering bets doesn't mean that he can't lose. Although, losing is unlikely in the matched betting process. It's essential to have enough money to cover debts in the event the bettor makes an unintentional error or misunderstands a website's terms and conditions. As with all wagering activities, it's vital to only wager money that a gambler can afford to lose.
Join an Online Community
Getting to know seasoned bettors who understand the matched betting process will assist those new to matched betting. Learn from experts via video training, tools, software, and online guidance to ensure a bettor has an in-depth understanding of the process to win consistently.
Working with others will help a bettor to gain confidence in using popular strategies and understanding the pitfalls associated with the matched betting practice.
