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What is no risk matched betting? Is it genuine?
Find out if some punters are really using bookmaker free bonuses and offers to make money. Are matched bets genuinely risk-free bets?
Published on 21 November 2018
Updated on 21 November 2018
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Have you ever wanted to earn money when someone else takes the risk?
If you’re anything like me, you’ll want to ensure you can secure a no risk matched betting method that makes you money time and time again.
We all want the easy life and we all want to sit back and relax while money rolls into our bank account. That’s why matched betting and arbitrage betting is so popular and why finding a way to profit using the no risk version of matched betting is also a tempting past time.
What is no risk matched betting?
A detailed description of matched betting is here, but at a high-level; matched betting is an approach to sports betting, usually soccer, which involves using a combination of football mathematics, incentives and promotions from betting exchanges and bookmakers to secure a profit.
Due to the use of mathematics and promotions, many sources will claim this approach is without risk, but I disagree.
Why is matched betting so popular?
Some people equate matched betting to investing, but in my opinion that goes a little too far. I would call matched betting a method, which involves a lot of diligence to secure your profits.
That’s why you need to review a few different sources to provide a balanced opinion and a real perspective on how you could make a profit over the long-term. Unfortunately, we’re dealing with an uncertain activity and gambling is never 100% certain.
As you know, anything can happen...
Another point before we go any further
It’s important that you do not to confuse matched betting with arbitrage betting.
You should also consider following a structured matched betting guide to increase your returns and reduce the risk of leaving your profits with the bookmaker.
Now let’s get to it!
How does no risk matched betting really work?
There are plenty of descriptions of matched betting, so for this post, we’re going to focus on how you can reduce (or potentially remove) the risk from your betting.
It’s really separated into 3 different areas; bookmaker or betting exchange free bet incentives and promotions, backing and laying selections, discovering and (hopefully) profiting from the result.
Bookmaker or betting exchange free bet promotions
The well-known betting platforms are all (very profitable) businesses and their business model is to find players willing to risk their money with the hope of winning more than they’ve risked on games of chance and probability. The betting platforms are selling hope, uncertainty and enjoyment at the same time. It’s a great business model and one that we all enjoy!
A great way to help people to lose money, is to give them free money and that’s where the free bet promotions come in to play. We’re offered free bets and incentives to risk bookmaker and betting exchange money on games of chance and probability.
Under normal circumstances that would be the end of the story, but you’re more intelligent than that, so you want to use the free bonuses and scalp a profit at the same time.
This brings us on to the next step...
Backing and laying selections
You must use multiple betting accounts to make the ‘no risk’ portion of the matched betting work.
Under normal circumstances, you place a bet with an online bookmaker, as it’s easy to track using online accounts and you ensure that you bet on a selection, which will trigger the bookmaker free bet promotion or other incentive.
As your money is now at risk, you must do something to ensure you’re not leaving your free bet to chance. That’s when you head over to your preferred betting exchange and you basically lay the same bet, so you’re choosing the opposite of what you backed with the traditional bookmaker.
So, if you had backed a team to win, you would back the same team to draw or lose their match.
Therefore, covering all eventualities and locking in a profit...no matter the result.
Discovering and (hopefully) profiting from the result
When the final whistle blows, you should have broken even from the back bet and the lay bet, but there should be free bookmaker money within your betting account. This means that you will profit from either your back bet or your lay bet and the bookmaker has paid for the privilege.
The main issues with no risk matched betting
It’s not no risk.
There are numerous conditions against bookmaker free bets and incentives that also apply. It would be very unlikely for you to withdraw the winnings instantly, as you will need to turn the money over (i.e. place several additional qualifying bets) before you can withdraw the winnings.
Therefore, you must repeat the process with your money now. It’s not the bookmaker money and you need to be 100% committed to the plan, so there should not be random betting on anything just because you have money within your betting account. That would destroy the plan, and some might say, reduce the fun, but that’s a matter of opinion.
You must create numerous betting accounts with different bookmakers to take advantage of welcome bonuses and spread your matched betting around.
This means that you must carry balances within all your betting accounts to make sure you can take advantage of the offers, as you will need to place a qualifying bet on something, but you will also need cash within the betting exchange accounts to make sure that you can lay the bets.
Furthermore, remember you’re laying selections and the betting exchanges charge a commission, which also eats into your risk-free returns.
It is possible to take advantage of the offers and make money, but you need to calculate the potential returns and the entire process carefully to make sure that you’re getting the best returns and not slowly losing money over the long-term.
Now, if you continue going through this process, you will eventually run out bookmaker’s willing to offer you, new customer signup offers or sports, so you must go on to casino offers and other areas that are inherently more profitable for the bookmaker.
This is by means a show stopper, but it just means you must tread very carefully and understand what is involved in the entire process.
As ever, if you’re having responsible fun soccer betting, then go ahead, but if you’re trying to be a little more coordinated and increase your bankroll then it’s probably better to track your matched bets carefully to make sure you’re truly returning a profit.
As with anything meaningful in life, slow and steady work usually always wins the race in the end...
P.S. We’re planning to add matched betting calculators and other services into iwinsoccerbets, as it’s something that our users are asking to see. If you would like us to include a betting feature or betting statistics, please give us your feedback.
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