No risk matched betting
If you are looking to add some more depth to your betting endeavors, it may be a good idea to start with a no risk matched betting strategy. As the name suggests, this is a betting strategy that largely gives players control over the outcome. Is this a strategy that players can use all the time? Well, that depends on the sportsbooks you sign up for.
The basics
Have you asked yourself, what is matched betting? Well, the premise of no risk matched betting is actually quite straightforward. The idea is that you cover both outcomes of a match. Meaning, you would bet on a team to win and then place a bet on that same team to lose
But if standard sportsbooks don’t allow you to bet on a loser, how can you make this strategy work? You make it work by placing one back bet (betting on a team to win) with a standard online sportsbook while placing another lay bet (betting on the same team to lose) with a betting exchange sportsbook.
Before you can do this though, you need to find an online sportsbook that is either running a free bet offer for existing players or at the very least, one that is offering a new player offer that gives you a free bet bonus. You will then need to place a qualifying bet that will lose in order to get your hands on the free bet bonus. Once your qualifying bet settles and your account is credited with your free bet offer, you then wager your free bet bonus on odds of your choosing (as a back bet).
On the betting exchange you have found, you will place a bet of the same size but on the same team to lose. This way, you have covered both outcomes and will therefore walk away with some kind of profit. It’s fair to say that most online sportsbooks are not overly fond of this no risk matched betting but it is legal. A matched betting strategy can be a great way to make the most of any free bet promotions you come across.
The pros and cons of no risk matched betting
A matched betting strategy can be super useful and can give you an edge over the sportsbooks you use. However, like any betting strategy, it comes with its own pros and cons. Here are a few things to consider before using a no risk matched betting:
Pros:
Making the most of your promotions: most sports bettors would use their free bet offer on a wild bet that would more than likely fail. With a matched betting strategy, there is more attention to detail and a much higher chance for profit.
Time vs reward: as far as the actual effort vs regards goes, a matched betting football strategy is one of the best. You can put in fairly minimal effort with a strategy for a rise in your betting profits.
Essentially risk free: a no risk matched betting strategy comes with little to no risk. You are covering both outcomes. One is with your own capital while the other is with a free bet offer you received.
Cons:
You may have your account restricted: as we mentioned earlier, online sportsbooks have not been known to receive this kind of betting strategy very well. It is legal, but they are within their rights to restrict your account if they suspect you of using this betting strategy.
Requires attention to detail: a no risk matched betting strategy will require focus. You need to take a closer look at the odds, make sure you have placed your bets correctly, and make sure that the odds are worthwhile.
Alternative betting strategies
Unfortunately, you won’t actually be able to use a strategy for matched betting in the US right now. That is due to the fact that there simply are no betting exchanges to place your lay bets with. So, until that (hopefully) changes in the future, you will need another betting strategy to use in the meantime and we think we have just the one. Ever wondered “is value betting profitable?” Well, here is the answer.
An expected value betting strategy is a great way to go if you are someone who is frequently placing bets on sporting events. Expected value is essentially the difference in probability expectation between the bettor and sportsbook. A sportsbook will set up their initial odds on a fixture. The trick is to make sure you are analyzing these odds as early as possible. We cover an expected value betting strategy in detail on our site, where you can also find out how to use our EV betting calculator in more detail as well.
Conclusion to our guide
A no risk matched betting strategy can be a fantastic strategy to use, and you can always use it should you find yourself outside of the US. For now, though, you will need to look elsewhere for a reliable betting strategy which is why we recommend checking out our guide on EV betting.
