What is a matched betting strategy?
A matched betting strategy is where you bet on two conflicting outcomes of the same sporting event. The reason being that the bets would cancel out and you’d be left with some kind of bonus credit at the end of it. You can try matched betting for pretty much any sport ranging from US sports like football and basketball through to soccer, tennis and much more.
It’s a strategic kind of sports bet as you are having to juggle the different variables such as the odds and your betting stakes to balance up so as to take all of the risk out of the equation. As such, it’s clear that matched betting isn’t actually gambling at all.
Instead you are simply using your strategic knowhow to understand what odds to include in the matched betting strategy to get them to give you a guaranteed return. Still confused? Then let’s have a look at a concrete example of a matched betting strategy.
An example of a matched betting strategy
The first thing that you need to do is to find an online sportsbook that has some kind of free bet bonus. This should be a welcome bonus that you’ll get for signing up to the sportsbook for the first time and putting down either a qualifying bet or a qualifying deposit.
Now it’s a matter of putting down your first bet. We’ve already said that you can try matched betting for any sport with odds, but for now let’s imagine that there was an NBA game between the Chicago Bulls and the Brooklyn Nets. So here, you could put down a bet that the Bulls would win - sorry Nets fans! This will trigger the welcome bonus and you should see the bonus bet tokens in your account.
Next, you would go to a betting exchange and look for a bet that the Bulls would win the game and then lay that bet. A lay bet is where you bet that something doesn’t happen and you can only do this at betting exchanges. The bet that you lay will need to have odds that are the same as your original bet, or you could adjust your betting stake accordingly.
If you’ve done all of the above correctly, you should find that your bets will match. This means that the Bulls could win or the Nets could win and this bet would be covered. As such, you would still be left with the bonus bet credit without having lost any money. From here, you can use the bonus credit however you please.
The unavoidable flaw in any US matched betting strategy
The above example shows that a good matched betting strategy offers you a strong way to beat the sportsbooks. However, this example is missing an important detail. This is because there are no betting exchanges in the US just yet.
The current US gambling laws prohibit betting across state lines meaning that a betting exchange would only be able to rely on a single state’s population to provide the bets. This is because the odds at betting exchanges are put on by other bettors rather than the sportsbook itself.
With the population of each individual US state being relatively small, it means that there’s not too much point in a betting exchange launching with such a limited number of potential bettors. All of which points to the fact that matched betting isn’t going to be a reality in the US for quite some time.
Alternatives to a matched betting strategy
While you can’t use a matched betting strategy in the US, there are several other ways in which you can get more strategic with your sports bets. One of these is expected value (EV) betting. Here you are trying to spot where a sportsbook has got its odds wrong. You can do this by using your own betting expertise and an EV betting calculator to use something called implied probability to help you rack up some improved wins over the long-term.
This shows that EV betting isn’t a quick fix like matched betting, but it’s something that is more suitable to those people who enjoy looking through a sportsbook’s odds to see where the oddsmakers might have got things wrong.
Plus we should note that EV betting is also fully legal in the US. After all, you are merely outguessing the sportsbooks in terms of the odds that they are putting on. This means that you are using your knowledge to make more accurate predictions and so the sportsbooks won’t ban you if you win - more than can be said if you get caught trying matched betting.
Obviously, you’ll still have to have a decent working knowledge of math to try EV betting and this is equally true of matched betting. But when you see the answer to the question of ‘Is value betting profitable?’ you’ll understand that this offers you a great way to get something extra back from the sportsbooks. So for a good alternative to matched betting, expected value betting is an excellent option.
Conclusion - Return for a matched betting strategy you can trust
We have to admit that there’s a whole lot of misinformation about matched betting strategies on the internet. After all, lots of people see these strategies as being some kind of get-rich-quick scheme without highlighting the challenges. However, our guide has shown you that matched betting is a betting strategy that you can’t do in the US just yet.
Thankfully we have found plenty of alternative betting strategies that you can try to increase your wins at online sportsbooks. Things like expected value betting might take some understanding, but they can be tried in the US right now. So keep it here for seeing the best strategies for betting on sport while matched betting is still impossible in the US.
Matched betting strategy FAQ
Read our guide to get great tips to use in your matched betting strategy. We’ll reveal what kinds of bets you have to put down to make this strategy work and show you some key reasons why matched betting in the US might be tricky. All of which will give you the best tips for trying matched betting today, tomorrow or at any time!
Make sure that you read our guide that’ll give you the best matched betting strategy that you’re likely to see. After all, our guide gives you a fully balanced picture of what matched betting is all about so that you are fully aware of the matched betting risks that you might be exposed to. All of which should mean that you know the best way to approach matched betting.
Check out our guide to using a matched betting strategy where we will also highlight what kinds of sites you want to try this kind of bet at. After all, it’s not enough to simply know the answer to the question, ‘What is matched betting?’ without knowing what you should do next. Thankfully our guide will give you the full picture of what this betting strategy is all about.
We couldn’t reveal a matched betting strategy without thinking about your online safety. After all, you will be playing with real money and also submitting some personal information when you sign up to these betting sites. So read our guide to see what risks you’ll be up against and whether you will be safe enough to pick up that matched betting calculator.
If you know what a matched betting strategy involves, you’ll understand why many people will want to use a calculator for this bet. So we have made sure that we’ve got some examples in our guide to matched betting football fans can use to see how a calculator could help them achieve their objectives. Perfect for balancing the odds and stakes in your matched bets.