How does matched betting work?
Can’t wrap your head around matched betting? Then we’re here to help! In this guide, we’ll share our tips and advice when it comes to this popular betting strategy.
Here’s a little taster: Matched betting works on the basis that you bet and lay the same bet: for example, if Madrid were playing Barcelona in a football match, you would bet on Madrid to win, using a bookmaker. At the same time, you would lay that bet, using a betting exchange to bet on Madrid NOT winning against Barcelona. Curious to find out more? Keep reading!
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An example of how match betting strategies for Canada bookmakers might work
What happens in practice is that if the back bet comes in, the customer has winnings – real cash. If the back bet isn’t realised, the customer will realise their lay bet (the betting exchange bet on the event not happening. This will result in the approximate price of the stake returned, provided both back and lay bet were placed at more or less equal odds. The final figure is slightly reduced to betting exchange commission, but this usually makes only a negligible difference. This matched betting strategy: backing and laying the same event in order to cover all potential outcomes, enables customers to potentially end up with free cash, regardless of the outcome of the event.
This scenario depends on a $25 free bet and finding approximately equal odds at both the bookmakers and the betting exchange. So, using the Madrid v Barcelona match, a customer might place a back bet, using the free stake, for Madrid to win at odds of 4/1 (5.0). Simultaneously, they will lay bet with a betting exchange for Madrid not to win (i.e. for Barcelona to win or for a draw) at roughly the same odds.
If the back bet wins, they will receive $125. This will mean the lay bet isn’t won, so, provided the odds were approximately the same, the betting exchange will want about $100 liability. Alternatively, if the back bet loses, the betting exchange will refund approximately $25. Although allowances need to be made for betting exchange commission and non-identical odds, a matched betting strategy has the potential to deliver “free cash” through bookmakers’ promotional free bet offers.
The match betting tips Canada customers need to succeed
The internet is awash with match betting stories from Canada customers who have struck it big through completing a series of matched betting transactions correctly. We intend to offer one of the best matched betting strategy guides Canada customers can find, providing information on
the best betting strategies that actually work for Canada people. If you are new to match betting, here are some quick match betting tips Canada customers can use to generate a little extra cash. For seasoned betting enthusiasts that could do with some advanced
online sports betting strategies and betting strategies for sports in Canada
or horse racing, we’ve got the tips and tricks you need.
- Check that you completely understand the concept of match betting. If necessary, do a number of “dry runs” where you don’t bet actual cash in order to check your understanding.
- Always read and re-read the conditions of the free bet. If there are play-through or odds requirements, make sure you are familiar with them.
- Keep records of the bets you place and the outcome. This prevents you from attempting to sign up for the same promotion twice, which can happen as you become more experienced.
- Go slowly with a matched betting strategy! Despite the sensational match betting stories Canada forums are awash with, the reality is that when it comes to matched betting, slow but sure really does win the race.
Did you know?
There are several advantages to in-play betting. These include:
- A larger variety of in-play bets to select from.
- The chances of rapidly fluctuating odds, which can work well for matched betting strategies.
- You can watch the game, acquiring additional knowledge to inform your betting tactics.
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Match betting stories Canada customers tell: how truthful are they?
As stated previously, a quick Google search is all that’s needed to unearth amazing match betting stories Canada people have told. From unmissable betting strategies through to tales of people who have given up their day job and now just “find the best matched betting offers in Canada” and only work two hours a day! It is certainly true that with some effort, most people can make cash from a good matched betting strategy. But what can customers do to boost their betting income from mediocre to magnificent? See our top match betting tips for Canada customers, helping you to maximise your matched betting income.
- Take the betting exchange’s commission into account when recording your winnings. Although in most cases the commission is minimal, over a number of bets it can add up. Accurate recording ensures you don’t over-estimate the amount you’ve won.
- Keep a matched betting diary of your use of a matched betting strategy. One of the most effective match betting strategies Canada customers can adopt is to keep a diary of key sporting events. These often provide an opportunity to take advantage of time-limited free bets which the bookies make available just for that specific event.
- Keep an eye on social media! As well as giving you advanced warnings of free bets and promotions which are coming on stream, bookmakers often provide additional offers and exclusives. These might include the chance to win tickets, days out and similar great prizes. Why not add value to your matched betting strategy?
What is the 1×2 Match betting strategy for Canada customers?
Here is where you can find the 1×2 betting strategy explained in our detailed guide for Canada customers. 1×2 match betting is a great way of taking advantage of some of the best matched betting offers Canada residents can access. It involves betting on an event where there are three possible outcomes: typically a win, draw or loss. To match bet successfully using a 1×2 strategy, you need to find a suitable free bet. Most people will then use the free bet to back a win, then use a betting exchange to act as the bookmaker, placing money on the possibility that the win will not take place, i.e. that the result will be a draw or a loss. This is where the “1×2” name comes from: 1=a win; x=a draw; and 2=a loss.
Generally, a matched betting strategy is easiest to complete successfully when the events chosen have a 3-way outcome. Most team sports fall within this definition, including football, rugby, basketball, baseball, cricket and softball. It can also be used for tennis and similar 1v1 sports. Match betting can be completed on horse racing events, but often it can be difficult to find similar odds for the back and lay bets (an important part of ensuring that income from the promotional bet is optimised). This is because the chances of a horse winning are significantly smaller than the chances of them not winning in a race.
1.01 betting strategy – find out more here
The 1.01 betting strategy Canada 2024 – how does it work? is a common question from punters: read on to find out the answer. Frequently found in the best matched betting strategy guides Canada residents can take advantage of, the 1.01 betting strategy is simple but also often highly effective. The principle behind the 1.01 betting strategy is that it’s possible to end up “making a profit” simply by taking advantage of a slight change in odds. To make the strategy work effectively, a punter needs to place a lay bet (a bet for a loss or draw) of odds at 1.01. So a “dead cert”. The next step is to place a back bet at slightly lower odds 1.02. This means that in the event the back bet wins, a small profit is generated; in the unlikely event of a loss or draw, you lose nothing.
Used correctly, the 1.01 betting strategy can deliver exceptional results. That said, it is a bold strategy that requires considerable confidence and an excellent understanding of the matched betting strategy. Such large odds of an event happening are normally only found in the closing minutes of an event: fast action is needed to lay at those odds, then back at only slightly lower ones. If done correctly, the tactic can be carried out several times during a match, potentially yielding a generous profit. This is an advanced technique which is best undertaken by customers who already have significant betting experience.
Fact Check
- If successful, football accumulator bets can generate significant winnings.
- One of the biggest wins ever recorded was a £500,000 win, based on a 30p bet at odds of 1,666,666/1.
- Another punter once won £92,000 by placing a £2 accumulator bet at odds of 46,000/1.
How to find the best matched betting sites in Canada
Obviously, when it comes to finding free bets to use for matched betting, there are all sorts of sporting events that are suitable. One of these is derby matches which can be great with a good matched betting strategy. These are matches which are played between teams who are located relatively near each other. Often fiercely competitive and well supported by a local audience, they can make an ideal event on which to practise a matched betting strategy. Using our tips and tricks, you can devise your own
Derby betting strategy 2024: using the best strategies for Derby bets in Canada. For further inspiration for suitable matches, take a look at some of the best matched betting sites Canada has to offer.
Some of the best match betting stories Canada residents tell are based on their success in using the “pick 3” strategy for horse racing. Take a look here to find the horse racing pick 3 strategy explained for Canada customers. A “pick 3” strategy is designed to optimise the chances of profitable betting through placing bets on the winners of three races. The bet is only paid if all your choices come in first. Through betting on more than one horse in each race, using the free bets for some or all of the choices, then laying each bet so that worst-case scenario is a small loss due to betting exchange commission, it’s possible to increase the chances of winning a “pick 3” bet.
The best matched betting offers in Canada: use them on the over 1.5 goals strategy
Use the
strategy for accumulator bets Canada
residents may turn a profit on. We offer one of the best matched betting strategy guides Canada residents can use to inform their betting choices. The “over 1.5” goals strategy requires a good knowledge of football and a strong nerve! Using live betting, punters wait until as late as possible in the game: the odds of a 1.5 outcome rise (the event becomes less likely). At this point, a back bet needs to be placed. Once the goal is scored, the odds will almost invariably fall: then place a lay bet to limit liability should the second goal not be scored.
Our goal is to provide customers with everything they need to know in order to take advantage of one of the best matched betting sites for Canada punters. Our guide to matched betting in Canada includes information on everything from winning tips and tricks through to step-by-step tutorials on advanced techniques such as our 2-3 goals betting strategy guide that Canada people can use.
Suitable for everyone from new matched betters through to old hands, we give you the tools you need to take advantage of some of the best matched betting sites Canada has to offer so that you can put your matched betting strategy to good use. Even if you’re not keen on traditional betting sports such as football or racing, there are still plenty more to choose from. Why not take a look at some of the best tennis in-play betting strategies: tips and predictions for Canada customers?
Create the matched betting stories Canada people love
No matter how seriously or otherwise you take your betting, almost every punter likes the idea of turning a profit using matched betting. The concept of simultaneously backing and laying a bet can also be used to generate a profit by placing the back bet at longer odds than the lay bet. This limits liability at the same time as optimising the chances of a profit. Used correctly, a matched betting strategy may increase your chances of a win, providing plenty of entertainment as well as the chance to potentially enjoy some welcome additional cash from your winnings.
- If successful, football accumulator bets can generate significant winnings.
- One of the biggest wins ever recorded was a £500,000 win, based on a 30p bet at odds of 1,666,666/1.
- Another punter once won £92,000 by placing a £2 accumulator bet at odds of 46,000/1.
Matched Betting Strategies – Conclusion
Matched betting (betting on an event both happening and not happening, so being both punter and bookmaker via a betting exchange), can be a great way of increasing the chances of profiting from your betting. A good matched betting strategy can also be a way to take advantage of promotional bets, turning them into ready cash with a relatively low level of risk.
Wetten.com provides everything you need to hone your matched betting strategies. From recommendations of bookmakers with great odds through to detailed strategy guides and plenty of information about forthcoming sporting fixtures, there’s everything needed to plan your betting in detail. Why not take advantage of live streaming to work out when best to place your in-play bets? Offering a transparent, helpful service, all of our recommended bookmakers will provide an excellent customer experience as well as some great odds. Register at one of these sites and put your matched betting strategy into action.
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