Matched Betting Explained
Traditional betting is a concept which relies on a bettor’s ability to successfully predict and outcome of a sporting event in order to make money on given odds from bookmakers.
A classic punter will use his knowledge, experience and ultimate his gut feeling to wager on a selection he feels has the best chance to win, while at the same time taking a look at the odds, making sure there is a value in his bet.
This way the bettor is taking a chance against the law of probability, ultimately taking an unnecessary risk which is being eliminated through the betting form called Matched Betting.
What is Matched Betting?
A betting practice which revolves around mathematical equations, matched betting is intended to guarantee profit by eliminating the angle of probability and chance by making it work in your favour.
Matched betting involves employing different offers – such as welcome bonus, promo offers and free bets – from various bookmakers and matching them on a betting exchange to cover all the angles and possible results but in a systematic fashion that will provide you with a guaranteed win.
Contrary to traditional betting forms, matched betting relies solely on numbers and does not involve any bias or emotional thinking which can significantly blur your vision when betting on sport in a universally accepted manner. The outcome of a game or an event you bet on does not interest a matched bettor as you will be covering all possible outcomes of the game to get you guaranteed money.
And here is how it works in practice:
Sign up with a bookmaker – preferably with bookies such as Bet365 or Coral – on a free bet for El Clasico in example. Coral will see you grab a £20 bonus on your £5 deposit which you can activate after the qualifying bet. You then back Barcelona to win with that same bookmaker. The reason we chose Barcelona is because bookmakers are not going to let you use your free bets on odds lower than 1.50 o 2.00 in general.
Now you move on to a betting exchange to remove the risk of your bet by laying Barcelona to either draw or lose the match. Do note that betting exchange – preferably Betfair’s – will take a commission, so we need to do a little match in order to select the stake for both bets to cover all angles.
Backing Barcelona with Coral at odds of 2.25, whereas you also lay the same bet on Betfair with the odds of 2.36 will give you only a 0.11 difference in odds, which means you will have an acceptable loss of 37p on the qualifying bet.
If Barcelona lose, your layer’s stake will end up at Betfair on a £4.87 profit - £4.63 after commission, whereas you will have lost that bet at Coral. Since you have placed the qualifying £5 bet to claim the free bet with Coral in the first place, you now have the £20 free bet there and that profit at the exchange you can further use on a different game in a similar fashion.
So what Matched Betting does is basically giving you a guaranteed profit between the two bets, minus the small loss you will have expected in the first place.
Best 10 New Bookmakers
 |
£30 | SIGN UP HERE |
|
18+ New customers only. Place a £10+ bet at min odds 1/1 (2.0) within 14 days of sign-up. Get £30 in Free Bets, valid for 7 days on selected bets only. Free stake not returned with winnings. T&Cs apply. BeGambleAware.org |
||
 |
£25 | SIGN UP HERE |
|
New customers only. Bets placed on sports at odds of 2.50 or more to qualify. Bets must be placed 25 hours within registration. £25 free bets must be wagered on sports. Full terms below. Gambling can be addictive, play responsibly 18+ |
||
 |
£30 | SIGN UP HERE |
|
18+. New Players Only. Min deposit £20. Offer is a £30 free bet when you bet £10 in one single transaction, on any sports at odds of 2.00 or higher. Free bet credited upon qualifying bet settlement. Free Bet can be redeemed on any sports market and used in one single transaction. Winnings credited as cash and immediately withdrawable. Free bet expires 7 days after being credited. Free Bets non withdrawable. Free Bet stakes not included in returns. Affordability checks apply. Terms apply. Please gamble responsibly. GambleAware.org. |
||
 |
£20 | SIGN UP HERE |
|
New verified customers only. Opt-in required. Deposit £20 and earn £1 of Free Bet value for every £1 staked on Bet Builders, with each qualifying stake counting towards a free bet builder reward, at combined odds of 2.0 (1/1) or greater. Min Reward: £1 Free Bet / Max Reward: £20 Free Bet. Cash in or claim within 48 hours of promo end. Free Bets expire 7 days after claim. 18+ GambleAware.org |
||
 |
£10 | SIGN UP HERE |
|
Welcome bonus for a new players only | Maximum bonus is 100% up to $/€/£ 123 | Min deposit is $/€/£ 10 | No max cash out | Wagering is 50x bonus | Maximum bet while playing with a bonus is $/€/£ 5 | |
||
 |
£20 | SIGN UP HERE |
|
New online customers only. Register and place a £/€5+ first bet at 1/1 (2.0)+ on sports or racing within 7 days. Get a £/€10 Tote Credit and £/€10 Free Sports Bet within 48 hours of settlement. Voided/non-runner bets don’t qualify. Rewards expire in 7 days. 18+. One per customer. Selected customers only. Full T&Cs apply. GambleAware.org. |
||
 |
£30 | SIGN UP HERE |
|
New customers place your first bet of £10 at minimum odds of 1/1 on any sports market within 7 days of registering. Get £20 in ACCA Free Bets (2x£10 Acca Free bet (2+ selections, pre-match or in-play/live, min odds per leg 2/5 (1.4), max payout £50) . Full terms apply. 18+ begambleaware. Please gamble responsibly. |
||
 |
£10 | SIGN UP HERE |
|
Place a minimum £10 single sports bet at odds of Evens (2.0) or greater. If your qualifying bet loses, you’ll receive a free bet within 24 hours. The free bet is valid for 24 hours and must be used on selections with minimum odds of 1/1 (2.0). Offer available to new customers only. Please gamble responsibly. |
||
 |
£30 | SIGN UP HERE |
|
*New members only. £10+ bet on sportsbook (ex. virtuals) at 1.5 min odds, settled within 14 days. Free Bets: accept in 7 days, valid 7 days on sportsbook only. 2x£5 Free Bets for Bet Builder only. Stake not returned. T&Cs + deposit exclusions apply. Bet Responsibly. GambleAware®. 18+ |
||
 |
£10 | SIGN UP HERE |
|
New customers can claim this sign up offer with code "BET20GET10". Deposit £20 or more and place a £20 bet at min odds 2.0. Get a £10 free bet. Free bets expire after 7 days. Full terms apply. 18+ BeGambleAware.org |
||
