What is a Matched Bet? A Simple Explanation to How it Works
If you are unfamiliar with matched betting and what it entails, you’ll find our article more than useful. We have provided a matched betting explanation in extensive detail. So keep on reading if you want to know how to matched bet or you are looking for info on the matched bet calculator.
- What is Matched Bet? How Does it Differ from Other Betting Types?
- How to Calculate Winnings
- What are the Advantages of Placing a Matched Bet?
- Are There Any Risks and Disadvantages When it Comes to Matched Bets?
- What is a Matched Bet Calculator and How to Make the Most of It?
- Frequently Asked Questions Related to Matched Betting Answered Here
What is Matched Bet? How Does it Differ from Other Betting Types?
We’ll get straight to point and give you a matched betting explanation. Matched betting is essentially betting on both outcomes of an event to ensure a win. This is often done with different incentives such as free bets to ensure profits.
Take this example. Place a £5 bet on Team A to score more than 1.5 goals in a football match and place a second £5 free bet on Team A to score fewer than 1.5 goals in that same match. However many goals they score, you’ll have a winning bet.
Another alternative is to make the second a lay bet on a betting exchange. Bet as normal and then place a lay bet on the betting exchange. The main reason for placing a lay bet is to match your back bet that you have placed. That way you are covering both potential outcomes.
Placing a matched bet is very easy. All you need to do is open an account with a new brand and make your required deposit. After that, back your selection, and place a lay bet on the betting exchange.
While talking about the matched betting explanation, there is one more thing we have to stress. If you need help calculating your potential returns, you can use a matched bet calculator. Make sure to keep on reading as we give more details about these matched bet calculators later on in the article.
How to Calculate Winnings
Work out your winnings with our Matched Bet Calculator.
What are the Advantages of Placing a Matched Bet?
Matched betting eliminates risk as much as is possible. If you’re backing both outcomes of a bet then there’s no way of losing.
Another benefit is that you can participate in betting on the most popular events in the world. Whenever high-profile events such as the Grand National or Royal Ascot take place, there are lots of welcome offers to choose from offered by a variety of online operators. The majority of them feature matched bets. This is an excellent opportunity to redeem them.
To know on which odds you could place a bet, come check out our selection of betting sites.
Are There Any Risks and Disadvantages When it Comes to Matched Bets?
As you can see from our matched betting explanation, this type of betting is fairly simple to understand. Many bettors refrain from taking part in matched betting. But, once you get the hang of it, you can see that it’s pretty easy to grasp.
The biggest issue or risk is betting with an unreliable sportsbook. It’s vital that you find a reliable and secure online operator when making a match bet. When you do, you know that you can count on them to provide a secure betting environment. This also means that you can reach out to their trustworthy customer support in case you need assistance with placing your bets.
What is a Matched Bet Calculator and How to Make the Most of It?
A matched bet calculator makes the whole process easier. Many people are intimidated by or hesitant to use betting structures like this. A matched betting calculator should make the whole process easier.
First, you need to select the bet type you want to place – a qualifying bet, a free bet, or a risk-free bet. Then you enter your back stake, back odds, and the back commission. You also enter the lay bet odds and commission, and you can see your potential profit.
Frequently Asked Questions Related to Matched Betting Answered Here
We’ll finish our article featuring a matched betting explanation with a few commonly asked questions.
What is a Matched Bet?
This is a betting technique that you can use to make the most from free bets, for example. You can find a matched betting explanation in our article. Basically, you place a back bet when you open an account, redeem your free bets, and then place a lay bet on the betting exchange. This way, you cover all potential outcomes and maximise your chance of winning.
Is Matched Betting Legal?
Yes, it’s legal to do matched betting in the UK. Just be sure to do it with a licenced operator.
On Which Sports Can I Place a Matched Bet?
You can place your matched bet on a variety of sports. However, the most popular sport for this betting type is horse racing.
Is Matched Betting Easy to Understand?
Matched betting is fairly easy to understand once you get your head around it. The simple explanation on this page should be enough even if you aren’t a sports betting regular.
Which Bookmakers Offer this Type of Bet?
Lots of reputable bookmakers offer this bet type. You can find our reviews of some of these bookies right here on our website, so make sure you have a look.