Understanding Probability and How It Affects Your Profits With Matched Betting
Introduction:
Matched betting is just a risk-free way of earning money by taking advantage of bookmaker promotions. It involves placing two bets, one on an outcome happening and the other on the opposite outcome not happening. Using this method, you can guarantee a profit regardless of what happens in the event. Sounds too good to be true? Let’s take a look at how Matched Betting works and why it’s not gambling.
What’s Matched Betting?
At its core, Matched Betting is approximately benefiting from bookmaker offers and free bets to create a guaranteed profit. It involves placing two bets, one with a bookmaker and one with a betting exchange. The bet placed with the bookmaker uses their free bet or promotional offer, while the bet placed with the exchange will lay off any potential losses incurred from the initial bet should it lose. This process ensures that you usually have some type of return on your investment – whether that be considered a small profit or simply breaking even – no real matter what happens in the event itself.
Matches betting is becoming increasingly popular in recent years because of its low risk nature and prospect of high returns without risking any real money. Actually, many people have made significant amounts of money through Matched Betting without ever being forced to gamble risks their particular bankrolls.
How Does Matched Betting Work?
Matched Betting works by exploiting bookmaker offers such as for example free bets or promotional offers which can be used to lock in profits regardless of what happens in an event or game. For instance, if you had been to put £20 on Arsenal winning against Manchester City at odds of 1/2 (1.5) with one bookmaker and then place £20 on Manchester City not losing at odds of 5/6 (1.83) with another bookmaker, you’d automatically guarantee yourself a gain aside from who won the match! The reason being if Arsenal win you then are certain to get your original £20 stake back plus £10 from winning your first bet and if Manchester City draw or win then you will get your original £20 stake back plus £16 from winning the second bet – providing you in either case!
Why Is Matched Betting Not Gambling?
Matched Betting isn’t considered gambling because it doesn’t involve any real risk – all profits are locked in before the function even starts! Which means that no matter what happens in an event or game, you’ll always emerge ahead – something which can’t be said for traditional kinds of gambling such as for instance sports betting or casino gaming where there is always some degree of uncertainty involved as it pertains to predicting outcomes and ultimately getting paid out for the wins! Additionally, unlike traditional kinds of gambling where there is usually some element skill involved when picking winners/losing teams etc., Matched Betting requires very little knowledge whatsoever – all that’s required is basic understanding of how odds work and how exactly to calculate potential returns based upon those odds (which most online calculators do for you nowadays). Which means anyone can take part without needing any type of prior experience or expertise – which makes it incredibly accessible for starters looking to make some extra cash!
Conclusion:
Matched Betting is now increasingly popular over recent years because of its low risk nature and prospect of high returns without having to risk any real money. By exploiting various bookmakers offers such as for example free bets or promotional offers, matched bettors are able to lock in profits regardless of what happens within an event or game – something cannot be finished with traditional kinds of gambling such as sports betting or casino games where there is always some element risk involved when predicting outcomes correctly! With its ease-of-use and accessibility for newbies alike, Matched Betting could offer an excellent opportunity for anyone looking to make some supplemental income without risking their particular bankrolls!