The concept of sportsbooks handing out free bets and incentives to its users comes with a reason: to lure more players who will generate more revenues for their platforms.
Punters who want to profit from the free bets and incentives offered by bookmakers use a betting technique known as matched betting. This kind of betting will need more than luck to become successful, as this employs a mathematical equation to gauge a player’s chances of getting a bigger payroll.
Also known as back bet betting, lay bet matching or double betting, matched betting lures many new bettors because these are risk-free bets. Punters would still receive the amount offered in the free bet promotion no matter what the outcome of the event you wagered on shows.
COVER ALL POTENTIAL OUTCOMES THROUGH MATCHED BETTING
The concept of placing money on multiple bets can be emphasized ever clearly through matched betting, as multiple bets are key to cut the risks on every bettor.
Bettors will need to cover all outcomes in a sports event and go back and lay to ensure a win no matter what the match’s result would be. For starters, users must create an account through a betting exchange and one or multiple accounts with a bookmaker.
A qualifying wager must be placed by the bettor with the bookmakers to receive those free wagers. Punters will again use matched betting once the free bets are received. But players are reminded not to risk their funds since they will be playing with free bets.
'ODDSMATCHER,' 'LAY CALCULATOR' KEYS TO VICTORY
New bettors who have no background of sports betting should be on the lookout for an efficient “oddsmatcher,” especially if you haven’t subscribed to a matched betting service that often provides these features to their customers.
There is also a need to get hands on a “lay bet calculator” to help bettors determine how much they are needed to lay. It also helps that bettors can find a bookmaker with a secure platform that they can trust with their details and information.
Punters must also avoid taking on too many welcome offers from multiple sportsbooks at the same time. Patience is a virtue in learning from different welcome offers and bettors must exude more confidence before taking on more complicated bookie promotions
BACK, LAY BETS KEY TO MATCHED BETTING
When a punter wagers on, for example, Manchester United would win a particular match of the Premier League final, this is known as “backing” or a “back” bet. A bettor is wagering for the outcome to be correct at the end of the match, and if that team does win at the end of the match, he or she would profit and take the winnings related to their stake.
The rise of betting exchanges has led to the concept of the “lay” bet. “Laying” a wager, which is the opposite of a “back” bet, happens when a punter mostly wagers that, for example, a particular football team would lose the match.
Once the team a bettor wagered on loses the match or even if it ends in a draw, he or she would still profit from the wager. It is through betting exchange platforms where punters can place bets like this.
FOOTBALL, HORSE RACING, BOXING BETS MATCHED BETS
It is no surprise that European football, or soccer is one of the best sports for matched betting. Beginners of matched betting can try out their first few bets on football markets due to its steady odds, thus making placing your bets much easier.
Horse racing is another sport to start off a career in matched betting because there are many horse races that lures significant amounts of betting, like The Grand National and Royal Ascot. The liquidity in horse racing doesn’t increase until about 30 minutes before the off, meaning punters can place their bets with about 15 minutes to go for matched betting.
The excitement of a knockout punch in boxing also spells better opportunities to try out matched betting. Sportsbooks are usually high on big boxing matches like the Mayweather vs Pacquiao showdown or a Tyson vs Holyfield from way back, as these lure a huge amount of money while punters can get some huge back and lay odds.