The concept of matched betting
In the world of offshore sportsbooks, losing money is the worst outcome someone can have. So many people want to win money, or at the very least not lose any money, so they will try to do anything possible to have this outcome. One of the concepts created and what some people today use in the betting industry is the concept of matched betting. This concept has gained traction amongst people in the betting industry, and it is thought by some to be a foolproof way of not losing money when placing a bet on a game. While there is no 100% guarantee in anything, for many people, this is a safe way to ensure they win money or money does not leave their wallet. But what exactly is matched betting, and how accurate are these assumptions? Is it a sure way of not losing money?
Below, we will look at the concept of matched betting and how factual these assertions of not losing money are.
What is matched betting?
At its most basic level, matched betting involves using two betting mechanisms. Many betting websites or bookmakers allow a free bet for someone to place. So the concept of matched betting is using one free bet to bet one thing and then using another site or bookmaker to bet on the opposing side of what the person bet on using the free bet.
For example, there could be a game between the Houston Rockets and the LA Lakers in the NBA. How a matched bet would work is to use the free bet option to bet on the Houston Rockets winning but then go to a different site or bookmaker to place a bet on the Houston Rockets not winning. Depending on how the player chooses to go about it, they could win because they bet on all possible options. One of the teams has to win, and one team has to lose; if you bet on both outcomes for one team, you will inevitably make money. So this idea is not to lose any money and ensure you will win.
This concept can get a little more complex as some people choose not to use one free bet site and one bookmaker simply. The more advanced concept is to use multiple free bets and multiple bookmakers, so you have many moving pieces and more chances of winning money in the long run.
From a legal standpoint, this is perfectly legal, as there is no rule saying a person cannot place multiple bets on a game. Many sites offer free bets, and utilizing them is not illegal; using a bookmaker is not illegal either. Of course, the betting industry does not stand to make much money if this concept were to become widespread, but it’s not illegal for players to take this approach.
Is there a dollar amount that makes this concept worth it?
Typically, if someone uses the matched betting concept just like in standard betting, the best thing to do is to go into it with a large amount of money. This concept can take place with a small amount of money, but it would be better to use a high total as it would not be worth it if the reward were only a couple of dollars. A higher total, if everything works out, will result in a higher earning, and with the advanced concept requiring using multiple bookmakers and free bets, the money needs to get dispersed across various platforms, so the more capital, the better.
Is matched betting indeed a safe option to not lose money?
As mentioned in this article, matched betting has a good chance of a 100% guaranteed return. But, like anything in the world, nothing is guaranteed. Most of the time, the people who lose in matched betting do not fully understand the concept, let alone the betting market they are venturing into. There still needs to be a high degree of knowledge of the teams involved and the odds to ensure the desired outcome of the bet, or the person risks losing money.
It’s also best to open up as many markets or games as possible to find the odds that work for you, so remember you can gamble overseas with these offshore sportsbooks and that opens up new bonus opportunities and options for you.
Conclusion
Matched betting has been gaining popularity because it is an excellent way to earn money. As mentioned before, someone has to win and lose a game, and in matched betting, you are betting on both outcomes, so you will win some cash. The other scenario will offset whatever money you lost in one scenario. Spending more money on the bet would be advisable to maximize profit, but a matched bet could take place with a small amount.
While popular and not illegal, some betting exchanges want to crack down on this process. But inherently, it will remain a viable option for many. In its nature, betting is a risky business, so whatever options a player can take not to lose money is always a welcomed outcome for the player. While there’s a chance to lose money, the chances are small. Matched betting requires research and understanding to ensure no losses, but this is the same for standard betting. People want to win money; no one ever wants to lose, and this way gives players the best option of winning money.
