Matched betting is a form of gambling that involves profiting from the free bets and other incentives that are currently offered by the bookie. The reason that it’s considered to be risk-free is that it is based on actual mathematical odds rather than random chance. The bets also don’t come with liabilities. This is very advantageous as the player knows exactly how much profit he or she will be making. This is becoming a major trend due to the growing gambling market.
The two main types of approaches to matched betting are manual and assisted. The latter refers to using software or websites, such as The Cash Kings Matched Betting, that provide the comparison tables for the players. They also provide calculators which can be used for comparison to the tables. They are best used by those who are experienced and have a deeper understanding of matched betting. However, it is the most preferred one. The manual matched betting, on the contrary, involves the player finding the odds and figuring out the odds him- or herself. This can be quite time-consuming and often requires a high knowledge of probability.
Let’s say that a player decides to deposit $400 for a certain bonus bet. $400 is exactly what the player will get back. However, the player will not be able to withdraw it until all of the turnover requirements are fulfilled. If the bonus bet wins, the bookie takes the stakes (or money risked) back and the player gets only the amount won back. Another difference with matched betting is that players can get away with doing things like supporting the champions while simultaneously placing a bonus for the underdog. Both add up to the same total which makes an equivalent of the same profit for both.
Players who really know what they’re doing can also make the sports psychology work for them if they know the track record of both or all players. This is something that even the bookies rarely consider. For example, if Larry Villie is No. 1 and James Luther is No. 90, on the surface, the odds naturally favor Villie. However, if Luther has always or almost always beaten Villie, this means that Luther has the upper hand.
How the mathematics of matched betting works is that it exploits the free bets being made on free betting sites to make its own profit. It is legal in some areas, if it is done right. A few types include the back bet, the lay bet, and the liability. The back bet is when you put your money betting on a certain outcome. The lay bet is just the opposite. The liability is placing a losing bet with a traditional bookie, although in matched betting, the losing odd is cancelled out by the one who wins. Matched betting may look like a win-win situation on the surface, but players need to be careful that they know their sporting competitors and make their bets accordingly.