What is a Matched Bet? A Simple Explanation to How They Work
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, whether you want to know how to matched bet or you are looking for info on the matched bet calculator, make sure to keep on reading.
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. Perhaps you have come across this term and wondered what it entailed. If you’ve been looking into how to matched bet, make sure to read up.
A matched bet is one of the many available betting techniques. You use it to attempt to make a profit from various offers given by online operators. These usually assume the form of different incentives such as free bets, for example. Basically, you can turn the free bets that you are going to receive into cash that you can use for placing bets.
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 a Few Principle Advantages of Placing a Matched Bet?
Now that you’ve seen the matched betting explanation let’s move on to why you might want to consider placing this bet. The first thing is very straightforward, and it deals with how to matched bet.
Here’s how matched betting works. When you sign up for a new account with an online bookmaker, you receive a number of free bets as a reward. For example, “Bet £50, Get £100 in Free Bets.” What you need to do is place the required minimum deposit when you open your account.
After that, you need to place £50 on one selection to win to get your free bets. Then, you 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, and you are also unlocking your free bets.
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.
Once you’ve figured out how to matched bet, you can start making the most of it. 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. However, some people fear that it is too complicated for them to figure out. For this reason, they refrain from partaking in matched betting. But, once you get the hang of it, you can see that it’s pretty easy to grasp.
The most important thing about matched betting or any other is that you find a reliable and secure online operator. 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?
Players can be intimated with all betting types that are considered to be somewhat more complicated. However, there is no reason for this, as you can see from our matched betting explanation. Such bets usually have a dedicated calculator to help you work out your potential winnings. As matched betting is no different, you can find a matched bet calculator, of course.
Now we’ll explain how a matched bet calculator works. 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 maximize your chance of winning.
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.
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.