Matched betting is a process that can be used to make guaranteed profits from bookmakers. It is a technique that can be used by anyone, regardless of whether they have any prior experience of betting. In this article, you will read a basic overview of what matched betting is and how it works.
What Is Matched Betting?
Matched betting is the process of taking free bets given by online bookmakers and turning them into profit for you. The article at https://www.oddsmonkey.com/matched-betting/what-is-matched-betting/ explains how this method of betting works in more detail. Essentially, matched betting is a way of making money from the free bets and bonuses offered by online bookmakers. It can be used to make a guaranteed profit or to cover losses made on other bets.
Matched betting works because it takes advantage of discrepancies in the odds offered by different bookmakers. When you place a bet with one bookmaker, they will offer slightly better odds than those available with their competitors. This difference is known as the ‘bookmaker’s margin’.
The Terms You Should Know
There are certain terms that you have to know about in order to be successful at matched betting. The terms are the following:
- A free bet is a type of wager in which the bookie refunds your original stake if you lose.
- A qualifying bet is the first bet you place when taking advantage of a free bet offer.
- An arb (arbitrage) is when you find two bets that have different outcomes but the same expected value.
- Lay betting is simply betting against an outcome.
- Lay odds: The odds that are quoted when you bet against an outcome.
- Backing: To back a certain outcome in terms of matched betting means to place a normal wager on something happening as opposed to laying it and hoping for an opposite result.
- Odds Boosts/Enhanced Odds: Odd boosts are normally offered by bookmakers, especially around big events where they’ll offer enhanced prices.
- Price boosts: Price boosts are when bookmakers increase the odds on an event, making it more lucrative for you to bet on that outcome.
- In-play betting is simply placing bets on sporting events as they happen.
The Process Of Matched Betting
The process of matched betting is simple and easy to understand. The first step is to find a well-matched betting calculator, which can be found online. This calculator will help you to work out how much money to bet on each side of the bet in order to make a profit.
Once you have calculated your bets, the next step is to visit two different bookmakers and place your bets. Make sure that you use different bookmakers for each bet, as this will increase your chances of winning.
After placing your bets, sit back and wait for the results. If both of your bets win, then congratulations! You have just made a profit from matched betting.
How Long Does It Take?
The time it takes to complete a matched betting transaction can vary, depending on the time of day and how many offers are available. Generally speaking, it should not take more than an hour to complete all of your bets. Of course, this time frame may increase if there are fewer offers available or if you have difficulty finding suitable qualifying bets.
Under normal circumstances, most matched bettors will be able to finish their transactions within 60 minutes. However, please keep in mind that this is only an estimate, some people may take longer while others might be able to complete everything in less time.
How Much Can You Earn From This?
You can earn quite a lot of money from matched betting if you do it correctly. The amount that you can earn will depend on how much time and effort you put into it, as well as the offers that are available at the time. Generally, people who are experienced in matched betting can make around $500-$600 per month. However, there is no set figure as earning potential varies depending on the individual and the current market conditions.
How To Make Safe Bets?
In order to be sure that the bet you placed is a safe one, there are a few things you need to take into account. The first and most important factor is the selection of matches to bet on. Make sure that you only bet on games with two clear outcomes and avoid betting on draws.
Secondly, make sure that the odds for both teams are fairly balanced. If one team is significantly favored over the other, your chances of making a profit are reduced. Finally, always use trusted bookmakers who offer fair odds and have a good reputation in the industry. By following these simple tips, you can make safe bets and increase your chances of winning!
Matched betting is a great way to earn some money on the side and you should first know all the necessary terms, as well as the process in which this method works. There’s no exact time estimate, but what’s constant is the fact that you can earn quite a bit of money by playing matched bets. However, to be sure, you need to learn how to place safe bets all the time. Good luck!