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Main » Betting Strategies » Matched Betting Strategy
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Matched Betting Strategy

Publish Date:26/05/2020
Fact checked by: Noah Ezra

Matched Betting Explained for Beginners

If you were to ask many sports fans what was the best betting strategy for Australia, then they’d probably recommend a matched betting strategy. Australians have been able to successfully use this to win decent money from the best betting sites in Australia and we are going to show you how they do this.

This means having matched betting explained in simple terms, and we’ll even provide you with some simple examples of a matched betting system in Australia. By reading this, you’ll be able to implement this system into anything from the best horse racing strategy Australia has at the moment to the best tennis betting strategy.

We can’t have matched betting explained without giving you our verdict on whether it’s worth your time. This should help you see whether you’ll want to try a matched betting system in Australia or just stick to using the latest betting tips for Australia instead.

Matched Betting: Pros & Cons
  • Time flexible
  • Is completely legal
  • Has the potential of big winnings
  • Can be hard to understand if unfamiliar with the concept

Matched betting explained

Matched betting is a system that uses bookmaker “free bet” or welcome promotions to place two bets that oppose each other. With the theory that no matter the outcome, you can reduce or even eliminate the risk and convert these free bets into money.

Bookmakers online use a variety of offers to entice new customers. These best sports betting deals often come in the form of betting a certain amount and gaining the same amount back in free bets for people who sign up for their site for the first time. In a traditional betting style, a customer can use the free bet to place a single wager on an outcome, but this has no guarantee the outcome will happen and that the free bet will return a win.

Matched betting however employs a technique that utilizes the free bets to the gambler’s advantage. By placing two bets instead of one on the same event the strategy is to cover any outcome using free bet wagers from different bookmakers. Whenever a back bet is placed, a secondary lay bet (Betting against the back bet outcome) is also made. You can then go on to repeat this process with different bookmakers’ free bet bonuses to make sure that you keep turning your bonuses into real cash without you having to put any more of your own money down.

By using a matched betting system in Australia, the strategy aims to guarantee a profit on your sports bets. This is because you’ll be using putting two bets against each other to give yourself a 100% chance of returning a win however it is worth remembering that while the theory of matched betting aims to remove the risk of losing it is not guaranteed. Mistakes made by human error can happen and real money could be lost.

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Understanding the Back Bet

A back bet is a term used for a conventional bet placed. The act of placing a back bet is to wager a set amount of your own money on something to win at an event. Examples of this could be a sports team, a horse, a dog, or an individual person. The hope of the back bet is to win more money back from the bookmaker if your chosen champion/s wins.

An example of a back bet would be staking $10 on a sports team to win with match odds at 10/1. The potential return from the bookmaker would be $100 if the team wins. This means the risk for the customer in this scenario would be $10 whereas the bookmaker’s risk is $90.

The Lay Bet

A lay bet is the opposite of a back bet. It also is the act of staking a set amount of your money at an event but a lay bet is a wager for something NOT to win. Examples of this again would include a sports team, animal, or individual. A lay bet would also return in the event of a draw result. The important thing to note however is should the alternative outcome happen where your stated champion/s wins then you will have to pay a liability amount.

As an example of a lay bet: You can stake $10 for a sports team not to win at 10/1 odds, if the team draws or loses the return would be $10 however if the team wins you would have to pay the liability amount which in this example would be $90 as you are perfectly taking on the role of the bookmaker.

 

The mechanics behind matched betting

Bookmakers

These are the companies that allow traditional bets including back bets. You sign up with a bookmaker and wager on an outcome of an event. If the bet loses the stake wagered is lost and the bookmaker keeps the stake amount. If your bet wins you will see a return of your stake plus any additional winnings which is your stake multiplied by the odds given from the bookmaker at the time of the bet.

The bookmaker’s profit is made through the lost stakes from customers, bookmakers often lower the odds to achieve increased profits.

Exchanges

Exchanges allow you to place lay bets and because of this are essentially the opposite of bookmakers. The way they generate profit also differs from bookmakers. They charge a commission on the net winnings. Whereas a bookmaker will lower odds to drive profit, an exchange does not – this usually means the odds at exchanges are closer to reality.

Because exchanges allow you to bet against an outcome if the lay bet wins then you get back your stake however if your lay bet loses you will lose your stake and liability. A lay bet is lost when the outcome that is bet against occurs, for example, a horse that is bet against wins at a derby.

An exchange allows you to act as a bookmaker and take a back bet from bettors which is why you will need to pay liability (their stake plus the odds multiplied by the stake amount) should their bet win.

 

Matched betting is using both bookmakers and exchanges together

Matched betting requires you to use both bookmakers and exchanges to place opposing bets. You would need to use a bookmaker to make a back bet for a specific outcome at an event and an exchange to make a lay bet against the same outcome. This is how matched betting helps significantly reduce the risk of losing money.

 

Matched betting quick terms

Term Meaning
Back Bet A traditional bet where you are wagering for something to win
Lay Bet A bet where you wager for something NOT to win, you assume the role of the bookmaker and pay the liability in the event it wins
Deposit The money you transfer into your account with the bookmaker.
Liability If your lay bet loses, this is the amount of money you would lose
Stake The money you wager on the outcome in a back bet
Bookmaker The company you can use to place a back bet
Exchange The company where you can place a lay bet

 

 

An example of a matched betting system in Australia

In order to have matched betting explained a little better, we thought that it would be handy to use an example that could easily be applied to the best Australian rules football betting strategy or even the best cricket betting strategy Australia has to offer.

It’s a matched betting strategy Australians could put into action for an A-League soccer match between Perth Glory and Melbourne City. Here’s what you’d need to do to try what could be the best football betting strategy Australia has right now:

Claim a bonus

The first thing you’ll need to do is to sign up to a bookmaker’s site who has one of best betting offers Australia has to offer. This could be something like a matched deposit deal that gives you $10 in bonus funds for making a simple $10 deposit.

Put down your first bet

Once you’ve made your deposit, you can then put down a $10 bet on Perth Glory to win their A-League soccer match.

Lay down an opposing bet

The next phase of having matched betting explained sees you going to a betting exchange. Be sure to check out our collection of the most accurate bookmaker reviews Australia has ever witnessed to see our picks for betting exchanges. Once you’ve signed up to this site, you will need to bet $10 against Perth Glory winning this match. This would need to be on the same odds that you’d originally bet on at the first site.

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Get your bonus funds

Once the A-League game had concluded you should have won the same amount of money regardless which team had won. But by having matched betting explained, you’d see that you’d also claimed the extra betting funds that became unlocked after putting down your qualifying bets.

Repeat the process

With this matched betting strategy, Australians can repeat the process at other bookmaker’s sites with their bonuses. This means that you can also try it as part of the best greyhound betting strategy or even the best golf betting strategy Australia has to offer.

Advantages of using a matched betting strategy – Australia’s best bets

Having matched betting explained illustrates the basic fact that this barely counts as gambling as you’re pretty much guaranteed a profit regardless of what happens in the sporting event. As a result, with a good matched betting strategy, Australians can guarantee themselves some decent profits just by playing bookmakers off against each other.

It almost goes without saying that this could be hugely valuable for anybody with a vague interest in sport. No more having to put in lots of time into researching your favourite sports teams and athletes, as now you can just pick up some decent winnings for very little effort.

Why a matched betting system in Australia might not be so great

With a matched betting strategy, Australians might think that this system is too good to be true, and the sad fact is that it is. This is because all bookmakers are aware of matched betting, and they will put restrictions on your account if it has been felt that you’ve been using their bonuses in an unfair manner. This process is known as ‘gubbing’ and it will mean that you’ll be stopped from using any of a bookmaker’s bonus deals.

It’s also true that it can take a lot of skill in finding the betting sites that are offering odds suitable for some matched betting. You might find sites that can try and help you with organising your matched bets, but with little in the way of official licensing, there’s no reason to trust these match betting helper sites.

Finally we have to mention the basic fact that matched betting definitely takes the fun out of sports betting. There’s something endlessly exciting about going against the best bookmaker in Australia for your favourite sport, and it’s definitely more fun than endlessly going back and forth between different sites trying to match your odds.

Other strategies to try apart from a matched betting system in Australia

Now that we’ve had matched betting explained, it’s clear that this system might not be for everyone. Just as some of the best in play betting strategies Australia has to offer might not be good for punters in our nation, it seems that there are plenty of drawbacks to using a matched betting strategy.

As a result, it can be a good idea to go back to the drawing board and research perhaps the best 1×2 betting strategy Australia has at the moment. If you can’t bear the thought of going back to risky betting, then the most risk-free 1.01 betting strategy Australia has to offer could help you out. Plus we can’t ignore the fact that a good value bet strategy is a great way to really take advantage of a bookmaker’s odds.

So, when it comes down to it, matched betting could be seen as being like the best in play tennis betting strategy Australia has at the moment. On paper, it looks great, but when it comes up against real-life bookmakers and current online gambling legislation, then things aren’t quite so simple.

Matched Betting Strategy Australia FAQ

❓Does matched betting actually work

Matched betting is a strategy that has frequently been used by many sports fans in a bid to make better wins from online bookmaker sites. While the theory behind matched betting makes sense, the reality is much less straightforward. As a result, you will need to be careful with this strategy. If you take a look at perhaps the best matched betting strategy Australia has to offer, you’ll see a great way to make this betting technique work for you. 

✅ Can matched betting go wrong?

Matched betting is a strategy that aims to give you a way to guarantee a winning result from online bookmaker sites. However, it is a technique that requires plenty of skill. Plus bookmakers aren’t keen about you trying matched betting at their sites. This is why you should take a look at the top matched betting strategy Australia has to offer. This strategy will give you everything you need to know about this advanced betting technique and how to put your sign up offer to good use.

✨Which matched betting site is best?

There are currently many different websites that aim to give you a helping hand with your matched bets. The quality of these matched betting sites can vary significantly. Some will give you an easy way to match your bets, while other sites leave much to be desired. This means that you should check out perhaps the best matched betting strategy Australia has to offer to see how you can take your matched bets to the next level.

☝What is matched betting?

Matched betting is a strategy that aims to give you a guaranteed winning result from online bookmaker sites. You will have to put down bets on certain odds and take advantage of some of the bookmaker bonuses on offer. By doing so, you should be able to get a win regardless of what happens in the sporting encounter. Take a look at the best matched betting strategy Australia has to offer to find out more about this popular betting technique.

Australia currently has very complex laws and legislation regarding all aspects of sports betting. As a result, you might find that it’s hard to get accurate information about matched betting. Similarly, you might find it difficult to access online bookmakers where you can put your matched bets into action. So take a look at the best matched betting strategy Australia has to offer to see how you can get this advanced betting technique to work for you.

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