Cash in on Draws with Lay the Draw
How to Use Matched Betting Strategy on a Betting Exchange
Matched betting is a betting strategy that bettors use on sports when they do not want to risk their money. It is often used by those who want to profit from betting offers and promotions given by bookmakers.
Understanding how this strategy works can be a valuable tool for exchange betting.
What is Matched Betting?
Usually, sports betting is about guessing which team will win or what the outcome will be. Matched betting is not about that, it is mainly a way for bettors to take advantage of offers and promotions like free bets or sign-up bonuses, in order to bet without risking losing their money.
How Does it Work?
Bettors need to place two bets, a back and a lay bet. If a betting exchange offers a free bet, bettors can place both the back and the lay bet on the same platform. If the betting exchange does not offer any sort of offer or promotion, the player needs to find a free bet from a bookmaker to back the selection and a betting exchange to lay the same selection.
So, the first step is to place a back bet on the bookmaker or the betting exchange. In this bet, the bettor bets that a team or player or horse etc will win. In this bet, the player uses the free bet offer or the bonus and they do not risk their own money.
The second step is to place a lay bet on the betting exchange. In this bet, the bettor bets against the back bet. This means that they bet that the team, player, horse ect will not win.
This way, the two bets balance each other out. The lay bet ensures that no matter the outcome of the game, race etc, the bettor will not lose money. The key to matched betting is making sure that the amount the bettor risks on the lay bet covers the potential loss from the back bet. If this strategy is applied correctly, it guarantees a profit.
Useful Tools
It is very beneficial to use betting exchange for this strategy because it gives more control over the odds. In betting exchanges the odds can be modified by the bettor. This means that if a bettor does not find satisfactory odds on the exchange, they can offer the price they need for their strategy and wait for another bettor to match the bet.
Bettors usually find better odds than what a bookmaker would offer because in betting exchanges there is no margin in the odds. There is only a commission fee applied on winning bets. It is important to choose a betting exchange that offers low commission rates. This will help bettors keep more of their profits.
There are tools like software, apps and calculators that can help bettors automate and simplify the process of deciding how much to stake on the back bet and how much on the lay bet in order to have a balanced and guaranteed profit. Some software tools even alert bettors when a good offer is available. This helps them find the best opportunities for making a profit with this strategy.
Although the strategy is very low-risk, there is the risk of making an error when placing the bets. Placing the wrong lay bet or miscalculating the stakes can lead to significant loss of money. Bettors need always to follow the rules and stay within the guidelines of every strategy they want to use in order to avoid mistakes.
Can Matched Betting Be Applied Without Promotions?
It usually works best with offers like free bets or bonuses that usually bookmakers tend to provide. However, it is still possible to apply it without such offers. It will be harder to make a profit, though. Without promotions, bettors would need to use their own money for both bets, and this means they would have to take more risk. Therefore, while it is possible without offers, the use of them makes much easier to make money safely.
In a Nutshell
For bettors who are looking for a consistent and low-risk way to profit from sports betting, matched betting strategy is a good option. By using betting exchanges and taking advantage of bookmaker offers, and with careful planning and correct use of the strategy, they can make significant amount of money over time.