What would you say if we told you that even if you know nothing about sports betting, we have a way to make a profit regardless of the outcome of a match?
Moreover, you can use this method even in big bookmakers like VulkanBet casino: It works everywhere and in any sport. Sounds too good to be true, right? Usually, there is always a trick with these types of offers, but this time you can be sure we are telling the truth. Match betting really allows you to do that. So, what is this sports betting technique, and how does it work? More importantly, is it allowed? We’ll answer all of these questions and more below.
Matched Betting Meaning
There are lots of terms in online betting, and sometimes it is hard to understand what they mean. However, matched betting is a pretty simple term. It means matching both outcomes to secure a profit. In order to explain this, we need to talk about two more terms: backing and laying.
- Back: This term means that you are betting on a particular outcome to happen. For example, if you say, “I think Team A will win this match” and place a bet in favor of this outcome, this means you are placing a “back bet” for Team A.
- Lay: This term means that you are betting on a particular outcome not to happen. For example, if you say, “I think Team B will lose this match” and place a bet in favor of this outcome, this means you are placing a “lay bet” for Team B.
So far, so good, right? Each and every bookmaker offers these options in thousands of sports events all around the world. You can back or lay any team.
What if you can do both at the same time?
There are only two outcomes in every game: One of the teams will win (back), and one of the teams will lose (lay). One of these outcomes will happen no matter what. And if you place two bets that cover both these outcomes, you can win some money no matter what the actual outcome is. Simply put, you place a back bet, and a lay bet at the same time and cover all possibilities – this is what matched betting means.
Matched Betting Example
Let’s say there is a football match between Manchester United and Arsenal.
- Bookmaker A offers 2.50 odds for the “Manchester wins” outcome. This means if you place a back bet (to win) here and deposit 10 EUR, the payout will be 25 EUR.
- Bookmaker B offers 3.00 odds for the “Manchester loses” outcome. This means if you place a lay bet (not to win) here and deposit 10 EUR, the payout will be 30 EUR.
- In total, you invested 20 EUR for the back and lay bets.
- No matter what the outcome is, you will be paid either 25 EUR or 30 EUR. Extract your investment, and you are looking at a net profit of 5 or 10 EUR.
This is, of course, a simple example, but it is enough to teach you about how match betting works. Basically, you find the right odds, place a bet online for both outcomes, and secure a payout no matter what the actual outcome is. You don’t need to know anything about these teams or watch a streaming broadcast of the match. In fact, you don’t need to know anything about football. You are betting on mathematics.
Is Matched Betting Legal and Allowed?
Matched betting is completely legal. However, traditional bookmakers don’t like bettors doing it. Just like casino security is watching you while you play online casino games, the security of bookies tracks you to find out if you practice matched betting or not. This can be a bannable offense. Therefore, if you play at traditional bookmakers, make sure to use different bookies for the back and lay bets.
Betting exchanges, on the other hand, are more liberal when it comes to matched betting. In fact, they freely offer this option, so you don’t need to use different bookmakers. At exchanges, you can place a back, and a lay bet at the same time. They even have statistics to help you! This is because betting exchanges are not the bookmakers: they just supervise. At exchanges, each and every member can make a bet offer for any event with special odds. In other words, the bookmaker is the members themselves. The exchange just cuts a small commission from every winning bet.
Is It Better Than Casino Games?
This really depends on the online casinos and the games you play. For example, slot machines (i.e. free online slots no download no registration) offer 95-96.00% RTP on average, this means you will lose 4-5 EUR in the long run for every 100 EUR you invest, which makes slot games worse than matched betting. So, the Kitty Glitter slot machine, for example, offers more fun, we can guarantee it, but you cannot secure a profit.
Card games (i.e. video poker), on the other hand, can offer up to 99.00% (and even more) RTP rates, which brings them very close to matched betting. If you play at top casinos and pick the right games, you can get a similar experience, but matched betting will always win in the long run. However, remember that players at casinos can win really big amounts if they are lucky enough. Matched betting, on the other hand, won’t pay that big.
You Can Still Use Online Gambling Bonuses
Casino sites have bonuses, but bookmakers have them too. Almost all of them offer a free bet bonus to new members. And just like a casino bonus, you can use this to your advantage. Use your free bet bonus to place a back bet, and pick another bookie to place your lay bet: You won’t spend any money for one of these bets. You still need to complete a wagering requirement to withdraw your winnings, but this is not a problem. You will continue to use that bookmaker for matched betting anyway.