What is No Risk Matched Betting?

Register with PromoGuy today - the best alternative to  no risk matched betting

No risk matched betting is where you use sportsbook bonuses and betting odds to guarantee yourself a return from a sports bet regardless of what happens in the sporting encounter. Sounds like a win-win solution and it's explained all here at PromoGuy. Here's what you need to do:

• Back a team to win a sporting event
• Get a bonus as a result of putting that bet down
• Lay the same bet that the team won’t win the sporting event
• See that the two opposing bets cancel each other out
• Use the bonus earned as stakes for your next sports bet

A look at a no risk matched betting example

Matched betting might sound a little complicated at first, so we thought we’d use the following example of an NFL game between the Jets and Colts to clarify things:

• First you’d sign up to a sportsbook who had some kind of deposit bonus that promised you bonus bets for making a qualifying bet or deposit.
• Now you’d put down a bet on either the Jets or Colts to win.
• This bet would cause you to activate the welcome bonus and you’d get the bet credit in your account.
• Next you’d go to a betting exchange and bet the opposite of what you’d wagered at the sportsbook. So if you’d bet that the Colts would win, you’d ‘lay’ the bet meaning that you’re betting that the Colts won’t win.
• These two contrasting bets should be balanced in terms of the stakes and odds so that you don’t lose any money regardless of what happens in the game. If you do this correctly, you’ll be able to use the bonus bet credit that you earned without actually having put down any money.

Why no risk matched betting won’t work in the US

While sports betting is gradually being legalized across much of the US, you won’t be able to enjoy any kind of matched betting in the country. This is because matched betting is entirely dependent upon being able to lay bets at a betting exchange and there are no betting exchanges in the US.

The lack of betting exchanges is largely down to the fact that all of the US states where sports betting is legal have populations that are too small to support a betting exchange. After all, it’s illegal to bet across state lines and a betting exchange requires enough punters to ensure that there are enough bets to actually back and lay. All of which means that matched betting isn’t going to be an option in the US for many years to come.

Other things to consider about no risk matched betting 

So if matched betting is so good, why isn’t everyone doing it? Well, there are a number of reasons that we’ve summarized for you below:

Mathematical knowhow: You will need to have a pretty good understanding of math to take all risk out of match betting. This is because you’ll have to balance the odds at different sportsbooks and know how much of a stake to put down to remove risk while maximizing your returns. Plus we should note that all betting exchanges charge commission which can be challenging to work out.

Risk of being banned: It’s not going too far to say that matched betting is basically when bettors are having an unfair advantage over sportsbooks. After all, you’re essentially cheating these betting sites out of the bonus bet credit that they are serving up. This means that you’ll probably get banned by any online sportsbook who catches you in the act of matched betting.

A quick word about expected value betting

While you can’t do matched betting in the US, there are some other ways in which you can remove some of the risk from your sports bets. Our favorite is expected value betting. This is where you try to spot whenever a sportsbook has got the odds wrong.

So if you see a sportsbook who gives the Saints seriously long odds to win the Super Bowl and you think that the team is much more likely to win, this is where you’d swoop in with your expected value betting calculator and put your bets down.

After all, expected value betting is where you are trying to get the slightest of edges on your bets to try and maximize whatever returns you make over the long run. It doesn’t remove all risk as there is always some element of probability involved, but it is a good strategy to try if you are in it for the long haul. Don’t forget to check out our guide that asks, ‘Is value betting profitable?’ for more about this.

Conclusion - All you need to know about no risk matched betting

Matched betting is one of the more recent innovations in the sports betting world and we’re pretty certain that it won’t be the last. This is why we will keep this page updated to reflect all of the changes that could affect the spread of matched betting in the future.

After all, while no risk matched betting isn’t something that you’ll be able to try in the US, there is no shortage of other cool innovations like expected value betting on offer. This means that you shouldn’t ever have to rely on just luck to help you win your bets. Just make sure that you bookmark this page to see how you can always take some of the risk out of your sports bets!

1.877

Pick

898

Wins

21.5%

ROI

No risk matched betting FAQ