As the name suggests, this kind of betting minimises your risk. In a nutshell, this form of betting will require you to take advantage of bonus bets that operators offer. Doesn’t sound too bad, right?
You’ll find yourself being the bettor and the bookie, all at once. This is not illegal. Essentially, you are in a position to cover all possible outcomes, and profit regardless. No risk matched betting UK has become a popular method of betting. Don’t miss out on the ample opportunity to capitalise on profits.
Use bonus bets to ensure a successful return and guaranteed profits.
As is the case with winnings in the UK, it’s all tax free.
Due to the supply of bonuses, you’ll always have a possible opportunity to profit.
Back a bet on a betting site and simultaneously lay a bet on a betting exchange.
Be a student – watch videos and educate yourself with the process.
It is legal – you’re not liable for fines. However, bookmakers will restrict your account if they suspect you are using this technique.
What Is No Risk Matched Betting UK?
It is a form of betting that takes advantage of bonus bets offered by operators. You need to sign up and deposit an initial amount to be eligible for the bonus bet. You then need to place a bet with your bookie. This will allow you to access your bonus bet. Let’s take a look at the process from two ends of the stick:
Back bet
First off, you will need to place a ‘back’ bet. Essentially, this is a bet where you back a team or player to win. Thus, you are betting in favour of a certain outcome. Keep in mind that you will be required to place a back bet using a bookmaker site.
Lay bet
The second part of the process is to lay a bet on a betting exchange. Laying a bet means you’ll bet against the outcome. It allows you to cover your losses in case your bet isn’t successful on the bookmaker’s site.
Underlying process
The first bet you place will most likely see you making a small loss. This might seem like a pointless exercise.
However, you are now able to use your bonus bet.
You can repeat this again and will eventually be able to cash out your winnings.
There are many different systems that will make it easier for you to process all the information.
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Practical Matched Betting Example
We’re going to run through a simplified example of how no risk matched betting works. Keep in mind that it’s advisable to make use of the necessary software (outlined below) and a matched betting calculator. Let’s assume that we are going to make use of a £25 bet in order to qualify for a £25 bonus bet. Thus, we need to create an account and deposit the amount into our betting account. Once we have found the best possible odds to bet on the site, we’re ready to hit the ground running.
We decide to back Arsenal with odds of 2.0 and wager £25. There will be corresponding odds of 2.02 when we lay Arsenal (bet against them). But, what should the amount be for our lay bet? This is when it’s required to use a lay betting calculator. Considering our qualifying bet:
Initial stake - £25
Back odds - 2.0
Lay odds - 2.02
Commission on lay bet - 5%
Our calculator will tell us we need to lay £25.38 with a liability of £25.89 (amount needed in our betting exchange account. If Arsenal win, we’ll gain £25 but lose £25.89. If Arsenal draw or lose, we’ll lose £25 but win £24.11 (amount staked for lay bet - commission rate). Either way, we’ll lose 89p.
Remember, although we lost 89p with our qualifying bet, we now have a bonus bet worth £25. It’s time to repeat the process with higher odds. Assume we bet on Chelsea with odds of 5.0 and lay Chelsea with odds of 5.2. Once you use a calculator, you’ll find that we’ll win £100 if Chelsea win and lose £81.56. This gives us a profit of £18.44. If Chelsea lose, we’ll lose out on our free bet but will profit £19.34 from our lay bet. Once we minus the commission, it’s clear – no matter the outcome – the total profit will be £18.44.
Assisted Matched Betting
You’ll find that a number of people who engage in no risk matched betting prefer to use software which facilitates the process. Manually searching and comparing odds is tedious, to say the least. With the right software at your disposal, assessing and matching respective odds becomes a lot more streamlined.
The software which is adopted by all types of matched betting individuals – from newcomers to veterans – is known as an OddsMatcher. This is an automated matched betting software with the ability to search and sort odds across the board – from an array of bookmaker sites and betting exchanges. Ultimately, you’ll use the tool to find all the latest odds for you – streamlining the process to the nth degree. You’ll find that you can make use of free versions on the internet. However, if you are committed to the cause and wish to access a range of additional benefits, then it is also possible to upgrade to a premium version. Obviously, as one would expect, this version will be able to find, sort, compare, and display odds from dozens of online sites.
Top 5 Tips
Try your best to pick events that have similar odds. If the odds between what you’re backing and laying differ quite a bit, you might not cover your loss. On the other hand, if the odds are similar and you win, you can maximise your profit. No risk matched betting is all about the underlying odds! That brings us to your second tip.
You’re using an exchange to place bets. Keep in mind that exchanges charge a fee for these transactions – when you’re laying a bit in particular. If you can find a relatively low rate (1.5% – 2.5%), you can increase your potential winnings. You won’t need to calculate this separately though, as most matched betting calculators will allow you include the commission rate in the calculation.
Take your time. Matched betting is often described as “risk free”, but it is only risk free if you are able to avoid making mistakes – and one of the leading causes of mistakes is rushing. Always take your time and avoid placing bets if you are under pressure or in a rush.
Confirm everything. The terms and conditions of bookies, you might miss out. You must confirm you’re eligible for bonuses and that you know what to do in order to qualify for each offer you attempt.
As is the case with most things in life, it is vital to stay organised. If you’re all over the place, it’s impossible to stay in control. Keep note of all the various passwords and accounts. Organisational skills will ensure you don’t experience these oversights.
Do bookies tolerate no risk matched betting UK?
It would be a rational response wondering why it’s allowed. The reality is, the gambling market is flooded with operators. The lucrative nature of gambling, especially in the UK, means there are more and more providers of the service.
An oversupply means that competing operators need to be competitive. They cannot decry certain practices that others might allow. Although it is technically allowed, operators are not keen on matched betting.
Gamblers getting away with matched betting do cause operators to lose substantial amounts. It might not be illegal, but this doesn’t mean that bookies are necessarily going to turn a blind eye. As such, you should be aware that your account might face restrictions or even be banned. This is the unfortunate reality of matched betting; you
will
lose your bookmaker accounts eventually – and for that reason, it might be preferable to refrain from the practice altogether. Either way, be sure to approach with caution if you do attempt to make use of a no risk matched betting strategy!
What other guides & strategies are available?
We provide various guides and strategies for the discerning punter. If you want to find out how odds work, take a look at our thorough guide to . If you’re interested in team sport, check out our
Asian handicap betting guide. Newcomers can take a look at
how bookmakers make money. These guides and different strategy analyses will certainly help you master the aspects of betting. It’s always important to stay up-to-date with the current trends. If you’ve enjoyed this piece on no risk matched betting UK, take a gander at our
cash out betting guide; after all, adding to your expertise will lead to more fruitful returns in the long run. If it all is a bit overwhelming, take a look at our guide to
which bookmaker is best for beginners.
Conclusion
No risk matched betting UK has become popular in the gambling industry. Although you might feel like you’re engaging in an illicit transaction, this is not the case. After all, sites offer bonus bets all the time. There are opportunities to earn a profitable return. If you really want to be successful, keep a logbook and learn the inner-workings of matched betting.
Ultimately though, due to the nature of this kind of betting, it is inevitable that you’ll be gubbed. Operators will eventually be alerted to your activity and ban you from attaining future bonuses, or even cancel your account altogether.
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