What is matched betting?
Matched betting can simply be explained as where you bet on something with all risk of losing your money removed. It is done by bettors in a way that will help them earn bonus credit that they can then use to get some returns of real value.
Let’s have a look at how matched betting works. You will have to bet on a particular event to occur in a sporting encounter at one betting site, and then bet that this event doesn’t happen at another betting site. These bets are effectively canceling each other out.
However, successful matched betting doesn’t leave you with no returns. This is because the process of putting down your qualifying bets will mean that you pick up some kind of bonus credit.
So after your matched betting has concluded, you will end up with bonus credit despite it not having cost you anything in terms of risking your bets. This means that you can simply use this bet credit however you choose.
Matched betting explained with an example
Still asking ‘What is matched betting?’ Then let’s have a look at an example of how matched betting works. Let’s imagine that there was a big NFL game between the New Orleans Saints and the Baltimore Ravens.
Here, you could sign up to a new online sportsbook who had some kind of welcome offer that gave you bet credit in return for either making a qualifying deposit or qualifying bet. Next, it’s a matter of making a deposit and then putting down a bet. It doesn’t matter what you bet on, but for this example, let’s say that you put down a money line bet on the Saints to win.
Now, you will have to go to a betting exchange and then bet that the Saints won’t win. You would do this in a way that balances out the odds and stakes so that anything could happen in the football game and you wouldn’t lose any money overall.
This means that at the end of the NFL game, the Saints could have won, the Ravens could have won, or the game could even have been tied and you’ll end up with the bet credit that you can use for further matched betting or put down a regular sports bet instead.
Why matched betting won’t work in the US just yet
While matched betting makes some kind of sense, it’s worth noting that this isn’t something that you can actually do in the US. This is because matched betting involves betting exchanges and there are currently no betting exchanges in the US.
Betting exchanges are places where you bet against other punters, rather than the betting site itself. You’ll get the choice to either back a bettor’s odds which means betting that the event will happen, or lay the bettor’s odds which means that the event won’t happen.
This shows that matched betting will only work with a betting exchange where there is a bettor with the right kinds of odds for you to lay. Unfortunately, a betting exchange requires a fairly large customer base and this isn’t something that you’re going to see in US states where the populations are fairly small.
Plus it’s highly unlikely that the federal gambling laws will change anytime soon for you to bet over state lines. All of which shows that matched betting isn’t going to become a reality in the US for many years.
More issues to consider with matched betting
Matched betting in the US isn’t possible just yet and it’s also a betting strategy that may have a few negatives for a handful of bettors. Here are some further issues that you should consider before trying matched betting.
Complex math: Some people might enjoy juggling odds and betting stakes, but we’ve found that matched betting can sometimes turn into a headache if you’re not a big fan of math. After all, you will also have to factor in the betting exchange’s commission fees.
Potential bans: Online sportsbooks hate matched betting and for good reason. After all, it’s a bet that takes all of the risk out of the equation which means that you’ve kind of got an unfair advantage over the sportsbook. So the chances are that you could get banned if a sportsbook catches you out.
Interesting alternatives to matched betting
The good news is that matched betting isn’t the only way that you can use a little math to get one over the sportsbooks. Many bettors have found that expected value betting can also be an effective way to take their bets up a level. We’ve got this special guide to EV betting here, but it’s basically a strategy where you try and spot when the sportbook’s odds are either overvalued or undervalued.
This means that you can take advantage of any odds discrepancies and use them to get some decent returns from your bets over the long-term. It’s a betting strategy that requires a fair amount of mathematical knowledge in how to do things like recognize positive EV betting, but it’s a good one for those serious about their sports bets.
Conclusion - Your resource for having matched betting explained
Now that we’ve had matched betting explained, you’ll know that this is a betting strategy that simply won’t work in the US just yet. While this might be disappointing, it at least means that you can get back to enjoying regular sports betting!
Plus we’ve shown you how there are some excellent strategies like expected value that do a great job of beating the sportsbooks over the long-term. All of which means that you won’t have to have matched betting explained any further and simply get on with enjoying sports betting in the usual way!
Matched betting explained FAQ
You might have heard of matched betting being described as no risk matched betting. However, this isn’t to say that this betting strategy doesn’t require you to submit some potentially sensitive personal information when you sign up to an online sportsbook. Plus you’ll have to make real money deposits for your bets. Read our guide to have matched betting explained in a way that’ll keep you safe.
We couldn’t have matched betting explained without walking you through some examples of this betting strategy. So read our guide to see what matched betting is, how you can use a matched betting calculator, and what you’ll hope to get at the end. Plus we’ll even give you some cautionary notes about why matched betting might not be right for US sports betting fans.
Check out our guide that has matched betting explained with a simple. This will instantly reveal how matched betting would work for an NFL game so that you can quickly see whether this kind of strategy could work for you. Plus we will even highlight some of the matched betting risks so that you can understand whether you want to give this strategy a try.
Not only will our guide have matched betting explained in simple terms, but we’ll also give you some pointers towards the types of sites who you should use to try this bet. After all, not every sportsbook will work well with matched betting. Thankfully our guide will help you understand which betting sites you should use with your matched betting strategy.
Read our guide that has matched betting explained in simple terms. We’ll show you how matched betting works at its most fundamental level, and you’ll also get some concrete examples of how you can try this kind of bet. Plus we’ll examine what matched betting means for US players so that you can quickly see whether you can actually try this betting strategy.