Matched Betting

Matched betting is a sports betting strategy that aims to guarantee a profit. This is done by betting on the same markets at two different betting sites. The user would do this to release any bonus bets put on as a sign up offer by one of the bookmakers. The bonus bets would then be used as stakes to make more profits with your matched bets.

This means that a matched betting strategy can be used to make a profit from bookmaker sites regardless of what happens in the sporting encounter.

An example of matched betting
1. Go to a bookmaker who has a ‘bonus bet’ bonus. For example, you could get £20 in bonus bets by betting £5. Put down a £5 qualifying bet at a sportsbook for Team A to beat Team B.

2. Now go to a betting exchange and put down another £5 on the same odds, but this time the odds will be for Team A NOT to beat Team B.

3. Once the bets have been settled it will mean that you’ll release your bonus bet token from the original bookmaker. Your qualifying bets will have cancelled each other out, and you’ll get to use your bonus bets as stakes for more matched betting.

Controversy
Bookmakers do not tolerate matched betting and will restrict or even ban accounts found to be participating in the practice.