Matched betting is the process of taking advantage of free offers by online casinos to earn real money. Many online casinos will offer free money or matched deposits when you first sign up. You can then take that money and structure your bets to reduce the risk of losing.
Matched betting is an inexpensive and accessible way to make extra money. You don’t need special software or impressive math skills to get started, and since you hedge your bets, you’re actually very unlikely to lose any money at all.
Keep reading for a complete overview!
How Does Matched Betting Work?
Matched betting works by finding ways to first get free money. You should check out several different casinos to see what the best offers are – you can check out some key online gambling Bonuses and promotions here. You’ll want to sign up for several different casinos.
Then, you need to structure your bets to hedge against the risk of losing. You’ll break down your bets into back bets and lay bets.
Back bets are you betting that something will happen – like a football team winning their game. A lay bet is you betting that something won’t happen – namely, that the same football team will not win.
Since you’ve covered all the possible outcomes, you’ll be able to collect some sort of winnings no matter what happens. You’re looking for binary bets – betting on a win and a loss – instead of prop bets, which are betting on specific things happening, like seven touchdowns in a game.
But Won’t You Lose Money Too?
Sort of! Sometimes, it’s actually a good idea for you to put in bets that will make you lose a few cents here and there.
That’s because placing a bet may qualify you for a free bet or free funds. Many casinos and online bookmakers will send out revolving offers to keep you engaged so long as you put in enough of your own money.
The way matched betting works is that you look at different casinos or bookmakers to find odds that are the same. Making use of an oddsmatcher software can streamline this process. You want to bet on the same game, using money or free bets that you got from your initial sign up or on the revolving offers that they send you.
Since you’re not actually risking your money some of the time, and you’re able to collect the winnings, matched betting is a low-risk way to gamble on sports games and turn a consistent profit.
Matched Betting is a Way to Earn Extra Cash
Matched betting can be quite a profitable side-hustle, and you don’t even have to know about what you are betting on. You’re just matching odds together and taking advantage of promotional offers. While it’s unlikely to replace your day job, it is a good, low-risk way to save up for something special.
Want more information about gambling and making some extra cash? Check out the rest of our blog!
