• Matched Betting Us

Mаtched bеtting (also known as back bet matching, lay bet matching or double bеtting) is a bеtting technique used by individuals to profit from the free bets and incentives offered by bookmakers. It is considered^{[weasel words]} risk-free in theory as it is based on the use of a set of mathematical equations rather than left to chance.^[1]

• With matched betting, you eliminate the risk associated with every bet for a particular outcome (back bet) by placing an equivalent bet against the same outcome (lay bet), so that you win no matter what the.
• Your losing the lay bet side, but the match is still playing. If the other team pulls 2 goals back and the game finishes in a draw or maybe the other team wins, you win the lay bet. This is very profitable as.
• A qualifying loss is the small amount of money you lose when matched betting in order to unlock a free bet. It is a very small investment for a much larger financial reward. So, you lost 89p, but guess what? You now have a £25 free bet to use. We repeat the same process again, using the oddsmatcher to find us a bet.
• In case of Risk-Free Bet Offers, you will receive the free bet ONLY IF your qualifying bet at bookmaker loses. BTW, many people imagine matched betting is for only UK & Ireland, wrong, this approach.

Concept[edit]

The concept of matched betting requires an account with two or more bookmakers or betting exchanges where at least one offers the user a free bet. When the free bet is placed the other bookmakers or betting exchanges are used to hedge all the possible outcomes so that no matter what happens the value of the free bet is retained. At its simplest, a matched bet involves placing a back bet using the free bet at a bookmaker while placing the opposing lay bet at a betting exchange. More advanced versions involve placing the bets on multiple bookmakers (dutching) to avoid the commission charged for using an exchange. Generally, bookmakers incorporate terms by which bettors must first place a bet using their own money in order to qualify for the free bet. For this, a bet is placed on particular results occurring with the bookmaker and a second bet placed on the same result not occurring at the betting exchange. The latter is required to offset any loss in the event that the result does not occur; for instance, if a team loses. Once the free bet has been qualified, the same process is followed with the exception that a free bet is being used. No matter which result occurs, there will always be a guaranteed profit because the bet was made free of charge. Online betting outlets, betting exchanges, have become popular in recent years for they allow betters to bet without official odds-makers. In essence, the person placing the lay bet acts as a bookmaker.^[2]

Approaches[edit]

There are several common strategies for matched betting including assisted and manual betting. Assisted matched betting refers to websites or software packages which provide comparison tables of markets for individuals to bet on. These are commonly known as 'auto-matchers'.^[3][4]

Industry reactions[edit]

Matched betting is legal and a spokesperson for William Hill has indicated that the betting industry does not have a problem with this use of free bets.^[5]

Matched betting services[edit]

The Bookies guarantee they will lay the advertised price (even on stake limited and bonus banned accounts). Previously, some bookies had a minimum bet guarantee of £100. Now, you are more likely to see £500 being advertised. The lay to lose guarantee is seen as making the betting.

The growth of matched betting has led to the formation of matched betting services - usually subscription-based businesses established to make the process easier with step-by-step instructions and bespoke software, such as oddsmatching.^[4]

Taxation[edit]

Matched betting, along with all other betting, is tax-free in the UK ^[6] and in Italy. ^[7]

See also[edit]

References[edit]

1. ^Burek, Owen. 'Is Matched Betting the Answer to Student Prayers?'. Huffington Post. Retrieved 6 June 2014.
2. ^Thrust, Richard (2010). Free Sports Bets. ISBN9781445725710.
3. ^'Free World Cup bets offer chance to beat the bookies'. The Guardian. 5 June 2010.
4. ^ ^ab'Free bets mean you can clean up as bookies meet their match'. The Guardian. 24 July 2010.
5. ^'Is this a bet you can't lose?'. Daily Telegraph. 6 December 2010.
6. ^'BIM22015 - Trade: Exceptions & alternatives: Betting and gambling - introduction'. HM Revenue & Customs. Retrieved 4 December 2013.
7. ^'Gazzetta Ufficiale art. 30 DPR 600/1973'. Gazzetta Ufficiale.

It doesn’t matter if you are a sports fan, or just someone looking for an easy buck – being able to make a regular income through gambling is a dream for a lot of people.

Unfortunately, it’s not that easy.

Only a small percentage of sports bettors can consistently beat the market and make a profit.

Casino games are even worse, the odds are always stacked against you.

For most people, gambling is just an expensive hobby.

There is a way that you can change that though. It is possible to flip the odds in your favour and guarantee that you always come out ahead.

Matched Betting

Since Betfair launched in the UK in 2000, people have been using it to exploit bookmaker signup offers. This is known as matched betting.

Here’s a really simple explanation of how it works:

If i sign up to Tab they will give me a $100 bonus bet. I can use that bonus to back Australia against New Zealand at odds of $2.00.

I then go to Betfair and place a lay bet on Australia, also at $2.00. A lay bet is a bet that something won’t happen. It’s the kind of bet that a bookie makes when they take our money.

By placing a back bet and a lay bet, it’s like i am both the punter and the bookie. The two bets will cancel each other out, but the key is that I only used my own money for one of them. The other was the bonus bet.

If Australia win i will lose my $100 at Betfair, but i will get paid out $200 at Tab = $100 profit.

If they don’t win i will get $100 profit at Betfair. I’ll lose the bonus bet at Tab, but that didn’t cost me anything anyway = $100 profit.

By betting both sides you can turn the bonus bet into guaranteed cash. It really is a bet that you can’t lose.

Is it really that easy??

Almost. That was a simplified example to explain the basics.

In reality, matched betting is a little trickier – but that is where bonusbank comes in.

Using more than 15 years of combined matched betting experience, we have developed tutorials, calculators and software that make it easy for anyone in Australia to make money from matched betting.

And it’s not just the signup bonuses. You can also make a regular income from the weekly cash back or bonus bet promos that bookies offer.

How much can you make?

On average, it is possible to make around $70 profit from every $100 bonus bet.

If you check out this list you will see that there are currently over $4000 worth of signup bonuses available. That means that you could make a profit of $2800+ from the signups alone.

To get an idea of how much our members actually make, we send them all a survey two months after they join. You can read more about it here, but the headlines are that 80% of members make at least $1000 in their first 60 days. Almost 20% make an amazing $5000+.

How to start matched betting in Australia

Getting started is easy. You can sign up for a free bonusbank account today and start reading through the beginner tutorials. The free account also includes access to a Lite version of our oddsmatcher software, plus a basic matched betting calculator.

Matched Betting Us

Using these tools, you can complete your first signup bonus and see for yourself that matched betting really is the best way to make money online in Australia.