Furnished with a deep interest in betting, tennis, golf, and soccer, Mark Lewis is a valued member of the Wetten.com team with extensive experience with writing and sharing his insights with online readers. Mark originally embarked on a career as a teacher, but after finding an audience through his own blog and popular Twitter account, started to write professionally in 2018. He joined Wetten a year later and is now a dedicated Contributing Editor to the site, focusing on his favourite sports and bookmaker-related content. Away from his laptop, Mark lives with his wife and their two sons, and loves to go hiking and mountain climbing when his schedule permits.
How does matched betting work?
Among all the betting strategies used by punters online, Matched Betting Strategy India is perhaps one of the most profitable ways to ensure a profit while betting online. The Matched Betting system in India is a no-risk betting technique. If you dive deep into matched betting explained, you will understand how the free bets and incentives offered by an online sportsbook can be turned into profit by placing multiple bets, covering all the possible outcomes of a sporting event. In this way, you make a profit irrespective of the result of a match.
Step-by-step guide on how matched betting strategy works
Terminologies to be acquainted with while using matched betting
Ways to maximise your profit using such strategies
Pitfalls of using matched betting strategy
Back bets and lay bets
In order to make substantial, long-term, and sustainable profits from Matched Betting Strategy India, you have to understand the difference between two very important terms – Back Bet and Lay bet.
Back bet– A ‘back bet’ or ‘backing’ is the most traditional form of bet. It means that you are placing a bet on, or backing a particular outcome to happen, say, backing on a football team to win a match. If the selection you back bet on wins, you will get your stake returned along with the winnings, based on the odds taken. But if your back bet selection loses, you will end up losing your stake.
Lay bet – In exact contrast to a back bet, a ‘lay bet’ or ‘laying’ is betting against a specific outcome. Lay bets are offered by few betting exchanges like Betfair. The aim is to achieve a close match between the odds of a lay bet to that of a back bet is to neutralize the risk posed by either. Since all outcomes are covered, you cannot lose a bet.
If you are new to online gambling, the first step is to open an account with a best bookmaker and betting exchange.
Find a match for your qualifying bet – the first bet that doesn’t earn you profits but qualifies you to obtain a free bet.
Place your qualifying bet –place a back bet with the bookmaker on, say, Team A to win a particular match.
Next, place a lay bet on a betting exchange against Team A winning the match, thus balancing your lay bet and back bet odds.
Either your back bet will win after the match, or your lay bet will be successful. You win the amount you had staked as well as bag the free bets with the bookmaker.
Applying the back and lay method, repeat the process using your free bets. In the end, your profits may stand to almost 80% of the free bet.
Once you have earned a free bet from a bookmaker, the profits come to you regardless of the outcome of the sporting event you have bet on. What’s more, all risks are removed since you are now playing with free bets.
Important Matched betting terminologies
To get a better hold on Matched Betting Strategy India make sure you understand the following terminologies:
When placing bets, you will have to put a small amount of your winnings as commission. This is how betting exchanges earn their money versus the usual bookmakers who make a profit by offering you unfair odds.
It is the amount of money you are liable to ‘lose’ on a lay bet. For instance, if you place a Rs.100 bet with a bookmaker at odds of 2/1, your profit should be Rs.200. That’s because when laying bets, you become the bookmaker, your liability stands at Rs.200. But using the back and lay method, you won’t lose this money.
A minimal amount of money you lose when you unlock a free bet.
It means that your betting account is banned from free bets because you have been exploiting the bookmakers’ promotional offers.
In such bets, ‘back’ odds are always preferred over ‘lay’ odds under any selection. Profit is guaranteed even without a free bet and hence runs the risk of your account being blocked.
Placing bets when no bonus is involved to avoid account restrictions by your bookmaker.
Advantages and Disadvantages of Matched Betting
Pro and Con
Your earnings are tax-free, and all the profit is yours.
A low time/reward ratio, that is, you can earn massive profits by investing minimum time on matched betting.
Free bet offers ensure opportunities to make guaranteed profits
As long as you understand the format and follow the steps carefully, your money is risk-free.
The flexibility of the system ensures that you can fit it in despite a busy schedule.
Potential for unrestricted earnings in proportion to the effort you put in.
Some find the concept overwhelming and difficult to understand.
Bookmakers can block your account for misusing free bets.
Declining and less profitable offers with more users
Need for a sizeable bankroll to quickly build up money
Top 9 Tips to maximise your profit
The following are top 9 hand-picked betting tips you can employ to maximise profit from Matched Betting Strategy India:
Choose a betting exchange that offers favourable commission rates as this directly affects the profit you make.
Solicit the help of a matched betting expert, mostly available with specialist matched betting bookmakers.
To avoid errors and excessive losses, make sure you double-check your bookmakers’ terms and conditions as well the bets, before and after placing them.
Since matched betting is about finding close matches between the bookie and the betting exchange, pick markets with similar odds.
Use multiple bookmakers that offer an ample amount of incentives and promotions. You will make more profit by completing more offers.
Too obvious betting patterns can impose account restrictions, or your account may be blocked. To avoid this, engage in mug betting regularly.
Do not turn to gambling because it involves risks, whereas matched betting is practically risk-free.
If you are new to matched betting, opt for sign-up offers since these are easiest to complete and most profitable to build up your bank balance.
With all the criticism surrounding matched betting, be persistent and go ahead only if you are 100% confident.
What other betting/casino guides & strategies are available?
While a matched betting strategy does come with its own unique set of advantages it is not without its fair share of pitfalls. Apart from the matched betting system in India, there are numerous betting strategies that you can explore, to help formulate your own personal betting strategy. Wetten.com offers you extensive resources on gambling online, including guides and strategies on topics such as 1×2 betting strategy india, Best cricket Betting Strategy india and Best Football Betting Strategy India.
Despite criticisms, the matched betting system in India is indeed worth it if you look at the unique advantages it offers when compared to other available betting strategies. Most important of all, this strategy is risk-free since you play half the bets with the bonus money. Another appealing feature is that profits are guaranteed, irrespective of the outcome of the game.
All you need to do is skillfully apply the free bets and sign-up offers. Matched betting can also be sustainable in the long run as once you are a regular customer, it’s possible to earn a living by using matched betting with your earnings being entirely free of tax. However, be careful, since, if your bookmaker finds out about your matched betting schemes, they can terminate your account.