Matched betting is a growing phenomenon within the world of online sports gambling. Unlike many other systems that claim to be guaranteed and risk-free ways of achieving a profit from placing bets, matched betting actually brings success, as long as it is done properly. Achieving this involves understanding how it works, what to watch for, and – just as importantly – when to stop.
It also involves knowing where to look for the help and support you need to understand and perfect your money earning opportunity. If any of these elements are missing, then there is a definite risk involved. That is precisely where a guide or online tutorial and betting software are very useful.
Bet For And Against To Win With Matched Betting
Traditionally, when placing a bet on a sportsperson or team, you choose the side you think will win, or which has the best odds and place your money with the bookmaker. If you are right, then you win. Similarly, if you are wrong and the team beat the odds, then you lose your money. People making these type of traditional bets work to a number of different methods in order to decide how and when to place their bets. These may include studying the previous form, looking into the team stats, or simply working to a gut feeling. While individuals may believe that their method is fool-proof, the truth is that there is a high level of risk involved in sports betting, and in the long run the only winner is the bookmaker.
When you learn matched betting, you swing the odds in your favour by betting both for and against the team you are betting on. In general terms there are three possible outcomes to a sports match; win, lose or draw. If each outcome is taken as a separate bet, then there is still a risk of losing. If the team win, then both the loss and draw bets will lose. This means that your losses will potentially be greater than any amount you win. In matched betting, this is overcome by the lay bet being worded as the team you are betting on to not win. By doing this with matched betting sites, you are covering both the possibilities of them losing and drawing the game.
Support Your Skills With A Matched Betting Tutorial
Understanding the fundamentals of this form of betting is essential if you want to eliminate the risk and make money. While it is possible to learn by simply trying the system for yourself, you increase your chances of making mistakes by taking this approach. By stepping back and sourcing a quality matched betting guide, you minimise this risk. This in turn also maximises your money-making opportunities.
The best guides will do more than just walk you through the basics of the betting system. They will provide you with a matched betting tutorial that breaks down the whole process into simple steps. Such a site will also provide information on how to find the right free bet offers from bookmakers and may even guide you in the direction of the best offers that are available. It should also take you through the more complex elements of the system, such as understanding the need to find close odds on your win and lay bets. If you are a betting novice or just want to have as little actual input as possible, there are partially or fully automated systems that you can take advantage of.
Another benefit offered by some sites is an accumulator. By working with other site members, you can increase the amount you win without increasing the amount you spend or your level of risk. As with any investment, it is important to remember to read through the small print carefully before taking advice from or signing up to any site.
Why Free Bets Are Essential To Matched Betting
When taking part in online matched betting you need at least two online accounts: one with a bookmaker and one with a betting exchange. If you want to take advantage of more than one matched free bet offer, you will need to open several bookmakers’ accounts. One of the reasons for this is that some bonuses are only open to new customers. Once you have your two initial accounts, you can get started. To access a bookmaker’s free matched bet or bonus, you may have to make an initial deposit. You will also have to place an amount in your betting exchange account. Once you place your first back and lay bets, you know that one will come good.
This will automatically put that account into profit. For example, if your lay bet comes in, you will have your initial stake plus your winnings (minus any commission). While you will lose your stake on the bookmaker’s site, carrying through the back bet means that you will unlock the free betting money, so you haven’t really lost anything. If it happens the other way around, then on the bookmaker’s site you will have your initial stake, your winnings and your free betting amount. The overall amount should more than cover the initial stake lost on the betting exchange. To take full advantage of a matched bet, you need to keep track of your spending and source the best available bonuses.
Getting The Best Matched Betting Free Bets
To make the best possible profit from online matched betting, you need access to the best offers. However, if you are new to betting, then understanding them may be your first stumbling block. Sourcing the best matched betting free bets requires a little work on your part. When looking for these offers, the first thing you need to check is whether they are for new or returning customers. If you already have an account with a specific bookmaker, then you won’t be able to access their new customer bonuses.
However, if they have a newsletter or email alert to sign up for, do so. This will give you the heads up about returning customer offers. Once you have this sorted out, you need to look carefully at the offers themselves. Do they require you to make a deposit in order to access the offer? This is not uncommon. The thing to watch here is the amount of the deposit you make and what you have to do with it. Firstly, the bonus needs to be bigger than your initial deposit; secondly, look at how you have to spend both.
Are there any strings attached? You need to look for similar terms and conditions when it comes to withdrawing your profit as well. Some sites will insist on you placing a certain number of bets or depositing further funds before you can withdraw any winnings from your free betting amount.