Key takeaways
- What does matched betting means?
- Some important tips and tricks
- Example of matched betting
- How will you be able to do no risk matched betting India?
- Risks of using matched betting?.
There are many opinions that you will find all over the internet and even in the offline community about the legality of matched betting. Matched betting is completely legal and safe. If we are to talk about the Indian context, betting and online gambling, in general, operate in a grey area. As per the Indian laws, it is not illegal for Indians to place their bets on the operators that operate from overseas.
So, you will have to make use of this loophole in the law to enjoy gambling and online betting if you are living in the Indian subcontinent. However, while matched betting is not illegal, it is looked down upon by the operators. If they find out that you are engaged in matched betting, they can terminate your account.
Advantages and disadvantages of matched betting
- 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
What is matched betting?
Matched betting or No risk matched betting India has zero risks attached to it if done correctly. However, Matched betting can only take place when the bookmakers are offering free bets and promotional offers because matched betting is mostly done by making the use of these free bets and turning them into a nifty profit. Now, these free bets might come bundled as welcome bonuses that you will get when you create a new account.
Typically, Matched betting is done by placing two kinds of bet- one on the victory of the team and one on the loss of the same team. This process is also known as laying and backing a bet. Since Bookmakers will not allow you to do that, you will have to make use of a
betting exchange
to make a lay bet, therefore engaging in a proper matched bet.
What does laying or backing a bet means?
You might have questions about what does laying or backing bet means. You require both the types of bets to successfully place matched bets. Laying and backing means the process of placing a lay and back bet almost simultaneously.
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.
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.
Our Top5: The best Bookmakers for India 2024:
No risk matched betting India Tips & avoid losing money on Matched bets
A few tips that you can make use of with no risk matched betting India are:
- To ensure that you get success in a no risk matched betting India, one way to go about is waiting for the match to unfold. Most bookmakers offer live odds, which would help you to make an accurate guess.
- If a bookmaker receives too many bets on one side, then they would adjust the odds to entice people into betting for the other teams involved. Now, you can use these boosted odds to improve your winnings.
- Always place the bet on the side you think will receive the most number of bets. This is because the bookmaker would have to adjust the odds now to make their book fair. You will get better odds when you place your second bet. With this mindset, you will also get a boosted profit. This method is also known as line shopping
- Deciding on the type of matched bet is essential for your advantage. If your sole goal is to maximize your earnings, then you should look for the best odds. Best odds for the underdogs are usually offered in the Moneyline odds. Hence using Moneyline odds to maximize your earnings should be your strategy.
- Ensure that the bet you place as the lay bet is the same as the bet your place in the form of free bets to ensure a win. For example, in a matched betting for a game between City and Wolves. To successfully place a matched bet and earn a profit. Punters use the same amount of money for both lay and back bets. So, if you back City for INR 100, it would be best if you lay bet on City for INR 100.
Example of matched betting
So, let us say that there is a game between Manchester United and Manchester City. If you bet for Manchester United to win, that means you back United for the win. You have placed a back bet on Manchester United. Now, for matched betting, you have to bet against United to win then, you would be laying a chance. For this bet, you will have to go through an exchange. Bookies do not allow lay bets generally.
Now the way the match betting would work in this case would be:
- You need to lay the bet for Manchester United and for that you will need a betting exchange with the help of a betting exchange.
- You will now have to place a back bet. In this case, since you are backing Manchester United for the win. You will have to go back to United with a bookie. Just placing a normal bet with a bookie would classify as a back bet.
- Since you are placing both the lay and back bet, you are bound to win either one of them. That is how profit is guaranteed anyhow. No matter if United wins or lose the match. You will be able to turn a profit.
- You have to place the same amount of bet for both back and lay bet to make a profit since one of these bets will be that of free bets. You have to match the value of the bet that you lay with the one that you back. So, if you are getting free bets worth INR 100 from the promotional offers it would be ideal for you to place the lay bet worth the same amount. In this case, INR 100 should be the amount that you lay for also.
Step-by-step guide on how matched betting works
- 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.
What are the risks associated with matched betting
Let’s talk about certain risks that are associated with matched betting:
- It might get your account banned: Yes, there is a possibility that a certain bookmaker might ban your account if you do matched bets as some bookmakers might classify matched betting as misusing the use of promotional offers. You might get your account banned this way.
- You might get gubbed: Gubbing is just something you would typically associate with matched betting. Gubbing is where the bookmakers realise that you are doing matched betting. They would then flag your account as unprofitable. Which would mean that you will not be eligible for all the bonus and promotional offers that the bookmakers offer. If you get gubbed your Matched Betting career is all but over.
What other betting/casino guides & strategies are available?
Matched betting can be a profitable way to place your bets. No risk matched betting India will allow you to remove all the risk that comes with matched betting. You would still need a considerable amount of research and knowledge of more than just matched bets if you want to make it big as a punter. Wetten offers extensive resources,
betting guides
and strategies to help you improve your betting skills and all for free. Whether you want to learn about
value betting, cash-out betting or
1X2 betting
or
betting strategies
for specific sports such as
cricket,
tennis,
football
or
golf, Wetten has you covered.
Conclusion
Matched betting and no risk matched betting India have allowed many punters to start their betting career with almost zero risk. Earning a profit without the fear of losing any money is what entices the punters the most. You can always formulate your own strategy and use them in conjunction with your knowledge to turn all your bets into profits. However, be careful in the way you make the profit through matched betting, as if you get caught, you might end up getting your account banned or gubbed.
No Risk Matched Betting India
☝️Is no risk matched betting in India legal?
Matched betting has often been seen as a kind of secret that bookmakers don’t want you to know, however it is legal in India. Although bookmakers can sometimes frown upon this strategy, many sports fans see it as a way to reduce their risk when betting. Fortunately, our guide to no risk matched betting in India goes into plenty of detail as to how you can get in on the action!
❓What is no risk matched betting?
Matched betting is a process of placing two kinds of bet- one on the win of the team and one on the loss of the same team. It usually involves using a bonus or promotion to get the most out of the bet. Sports betting is hugely popular across the world and punters are always looking for that big win. Matched betting is a relatively simple idea that is seen by many as a good way for beginners to get started in sports betting without risking their money. Our guide to no risk matched betting in India explains exactly what the process involves and how you can give it a try for yourself.
🇮🇳Which betting sites allow matched betting in India?
As a general rule, most betting sites frown upon matched betting.That being said, there are plenty of ways you can legally engage in matched betting in India. You will have to make use of a betting exchange as well as a standard bookmaker. The full ins and outs are detailed in our guide to no risk matched betting in India – including how to get started and ways in which you can use the technique without falling foul of gambling laws or the rules of a particular platform.
📈Are there any ways to reduce betting risk?
Most sports fans will know that betting is all about risk and return. It’s natural to try and find the best odds, biggest jackpots or most generous offer, but any good strategy should also involve looking for ways to reduce risk. Matched betting is just one way you can try and offset risk. The concept is explained in detail in our no risk matched betting in India guide, which also looks at how to find suitable exchanges and what’s involved in actually making your first matched bets.
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