Matched Betting Sites
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*Matched Betting Sites India
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In this article we’re going to look at the subject of matched betting with multiple accounts – and by that we mean having more than one account at the same bookmaker. This is done by holding accounts that you run in other people’s name (friends or family members), not just your own.
In the matched betting community, this has been nicknamed ‘gnoming’. It’s also known as ‘multi-accounting’.
Honestly, you’re not going to find this written about very openly on the internet as it’s a taboo subject, even among matched betters. But it’s clear there are people doing it. Plenty admit to it on internet forums. And, of course, it’s allowing them to make much more money than if they had just one set of accounts. So maybe it’s worth a look.
In this article we’ll take a look at some of the things that you should consider if you’re going down this route.
Matched betting is legal and a spokesperson for William Hill has indicated that the betting industry does not have a problem with this use of free bets. Matched betting services. The growth of matched betting has led to the formation of matched betting services - usually subscription-based businesses established to make the process easier with. Matched betting bonuses are extremely common bonuses that you can find on many online sports betting sites. Sometimes this type of betting offer requires a sportsbook promo code to redeem.
Just a word of caution, though: this does not constitute any legal or tax advice. The below has been put together as a collection of viewpoints based on what others have told us about doing it. What you choose to do with this information is entirely your responsibility. Is matched betting using multiple accounts legal?
In matched betting, you pose as a regular punter in order to harvest offers and freebies from the bookmakers – all the while you’re actually laying off your bets in a risk-free way so you’re guaranteed profits. Although it’s perfectly legal, some might view it as an inherently murky activity.
Doing matched betting on your own account is already not really in the spirit of what the bookmakers want you to do (and we know this, because they will close your accounts if they suspect you of being a matched better). But does the idea of running multiple accounts at a bookie – using the names of friends and family – cross an altogether different line? Might it even be illegal?
As we’ve said above, we’re absolutely not in a position to give you any legal advice on this. Whilst we haven’t seen anything definitive on the legality of operating bookmaker accounts on behalf of others – either saying it is or is not legal – if you choose to go ahead with this activity, you do so entirely at your risk. It’s extremely grey territory.
One thing, however, is clear. If you’re setting up accounts with bookmakers on behalf of other people then you must have their permission. To do so without that would be identity theft. And you won’t get far with it anyway, for the following reasons:
*You may be asked to provide identity documents, and background checks to open accounts.
*Bookies are likely to require you to fund those accounts using a bank account in the same name as the customer (and even if they don’t, making transfers from seemingly unrelated bank accounts is likely to arouse suspicion).
So, first things first, make sure that you have the permission of the other person, and tell them what you’re doing. If they’re not fully onboard with it, then leave it well alone. Getting the cooperation of friends and family
Having explained the concept to the friend or family member, if they’re still prepared to listen to you, you’re going to need to agree with them how this is going to work.
They’re unlikely to let you make money using accounts in their name if there isn’t something in it for them. Get ready to give them some cash.
It seems that people have tried two methods to compensate the other party:
*Offer them a percentage of your profits
*Offer them a fixed monthly payment
From the feedback of those doing it, the latter option is the clear favourite. Giving them a percentage of the profits makes the arrangement more complicated. You’ll constantly have to calculate the amount due, and they may have suspicions you’re not being entirely honest / accurate anyway.
With a monthly fee, things are clearer. Setting up and operating a multiple matched betting accounts
Keep in mind that the bookmakers are always on the lookout for irregular activity. So anything that doesn’t fit with the profile of a normal punter will raise suspicions. If the bookmaker realises what you’re doing, they will close your gnoming account, and may also gub your own one too!
The feedback, from those using multiple accounts, is that you’ll want to consider a number of important safeguards: 1. Use different addresses and bank accounts
Whilst there are plenty of stories of people having opened up accounts at bookmakers in the name of their wives, not all bookies are open to that sort of thing. Ideally, you don’t want to open up too many accounts under one address. If a bookie sees that you’ve opened 5 accounts at one address for you, your sister, your mum, dad, and gran – they’re probably going to look into that.
But don’t just make up addresses, they need to be where the person actually lives! You may be asked for proof of address.
You also need to use different email addresses.
Equally, you want to be using different bank accounts. There’s more on that below. 2. Use different IP addresses
An IP address shows a bookmaker where you’re accessing the internet from. Again, too much activity coming from one IP address may result in your accounts being flagged.
The chat amongst matched betters is that you want to use a different device and connection for each set of accounts. Many of them have got cheap phones (on a SIM only plan – do NOT connect it to WIFI or it will use the same IP address as anything else using that WiFi connection) to avoid it looking like there are multiple people using the same IP address and device
If that seems a bit much, you could always try getting a decent VPN, which will hide your real IP address when you use the internet. 3. Vary behavior between accounts
Here, the advice seems to be to try logging into accounts at different times and varying user behaviour slightly. If you’re doing identical bets across all accounts at much the same times then that could raise some questions. Laying bets at the exchange, for multiple bookmaker accounts
The betting exchanges, where you place your lay bets, don’t care if you’re matched betting. They’re also not the ones giving you any bonuses where you make your profits.
So, even if you’re running accounts at the bookies in a dozen different names, you can just use a single account at the exchanges. There’s no problem with that, but bear in mind that you might need to increase the size of your cash float in order to have enough capacity for your lay bets. Bank accounts for multiple matched betting accounts
Transferring into a betting account from a bank account that doesn’t match the user’s name is suspicious, and in many bookies might not even be possible. So you need to make those transfers in from account in that person’s name
The banking situation is, for us, the greyest area out there. Some people recommend that you set up a new account in the person’s name (obviously with their permission) and you have control over it, and the debit card is in your possession. Not a single bank out there would consent to, or recommend, this arrangement – but people clearly do it. This arrangement has clear risks for both the person whose name is being used, and the person setting up the account.
So many new bank cards that you’re going to need a new wallet
Having control of that account also makes it possible for you to get your profits out of it too. Otherwise, if you don’t control the account, you’re relying on the other person to constantly make transfers out to you and in to bookmakers. If that person is on board with the whole idea then that may not be a problem, but it’s going to slow the whole process down a little. It may also take quite a bit of explaining over why various payments need to be made.
Note that it might also take some explaining to them if you’re making very big profits in relation to the amount you’re paying them! Tax implications of matched betting on behalf of others
Whilst winnings from bookmakers are tax free, we’re not in any position to tell you what the tax situation is where you’re matched betting on behalf of other people. We’ve seen nothing authoritative that clears this up.
Is there an argument to say that you’re providing a taxable service on behalf of others? Do they need to pay tax on the money that you might be paying them for this arrangement? These are all things that you’re going to have to consider for yourself – and for full disclosure you may want to mention this risk to the person you’re doing it on behalf of. Conclusion: Matched Betting using other accounts – is it worth it?
We mentioned right at the start, this isn’t something we’ve got into ourselves. The whole thing is fraught with issues – which we’ve covered above.
Aside from the legal and tax uncertainties, a significant issue is having to explain the idea, and the risks involved to someone else. On top of that, you need their help – or permission – to manage the cash payments and receipts. Unless the person trusts you a lot, they’re likely to be a little suspicious of the whole idea. Most instances where we’ve heard of people operating multiple accounts is where they’re doing it on behalf of a spouse.
Trust between you both is paramount. These sort of arrangements can end in tears, with suspicion or jealousy causing a fall-out. If the other party becomes difficult and decides to complain to the bank or bookmaker then it is going to cause you a lot of trouble and your own accounts will most certainly get gubbed. At worst, you might even end up in court.
Whether you get involved in this is, ultimately, something for discussion between you and the other person. For many, like us, it’s not something we’ll be rushing into soon. But, plenty of people are – and perhaps it’s that which explains some of the seemingly unbelievable matched betting profits you hear people reporting.
Whatever you choose, good luck!Related
Matched betting is one of the best sports betting techniques or strategies going. It’s 100% legal and a great way to make money with online sports betting.
Bookmakers in the USA can be traced all the way back to the 1930s. Despite always being a high-risk investment, the popularity of gambling has continued to rise in the states ever since.
Matched betting is a low-risk betting system when compared to regular gambling. The internet quickly recognized risk-free matched betting as one of the quickest and safest ways to make money online. However, you can lose vast amounts of money if bet matching is done incorrectly.
This article will guide you through the ins and outs of low risk matched betting USA and how to make money off it in as little as 15 minutes. Yes, make sure to follow all of the steps in our guide to be making money off no risk matched betting USA in just 15 minutes.Best matched betting sites for US21 ratingsReviewGet Up To $500 In Bet Credits
*Easy and fast banking options
*Huge welcome free bet22 ratingsReview2 x Risk-Free Bets Up To $2,000
*Multiple bet types
*Huge range of sports & markets28 ratingsReviewUp To $1,000 Deposit Bonus
*The best sportsbook
*Amazing odds & offersMatched Betting Sites India21 ratingsReviewMatched Bonus Up To $250
*Regular promos & rewards
*Generous sign up bonus23 ratingsReview$500 Risk Free First Bet
*Super fast payouts
*Live streaming21 ratingsReview$10 Free No Deposit Bonus
*Casino & Sportsbook
*Amazing bonuses
The six biggest and most reliable sports betting sites that you can use when matched betting in the US are:What is Matched Betting USA?
Risk-free matched betting is a technique that guarantees a profit from bookmaker free bets and betting promotions. It is not a magical way of taking the sportsbook’s money, but rather a low-risk betting strategy that uses simple calculations to turn the odds of sportsbooks against them. While there are no specific matched betting free bets available, you can see a full list of offers on our free bets page.
The matched bets strategy is simple. Use offers given by sportsbooks such as free bets against them. In this dummies guide, we will run you through exactly how it works.
Over the past 25 years, we have witnessed the emergence of betting and gambling sites due to the sheer amount of money these sportsbooks make off bettors. Due to high levels of competition among sportsbooks, gaining and maintaining new customers is a pressing challenge faced by all sportsbooks.
In a bid to permanently make a bettor a customer, sportsbooks offer many incentives, usually in the form of either free bets or matched deposit bonuses. Luckily for us, a few savvy bettors found a way to guarantee a small, consistent profit from these promotions.
Some sportsbooks in the US offer bonuses as generous as a 200% matched bonus of the first two deposits made by new players in an attempt to entice customers. They do this because they are sure to gain the money back in the long run. While you’re here, you may also want to check out our guide to Arbitrage Betting in the US.How Easy Is It To Make Money With Matched Betting?
Just one-in-a-million people win large amounts of money from online betting, most bettors lose sizable amounts of money when betting, making the bookies extremely rich, that is why they have enough money to offer those fantastic incentives mentioned earlier.
No-risk matched betting was created by a bettor who had lost a large amount of money to bookmakers and explored ways to regain his lost money. Thankfully, the founder was generous enough to share their breakthrough with people for free.
Lots of UK bettors who match bet have profited from this method, and so many more are still to benefit from it, especially in the USA where matched sports betting is quickly gaining momentum.
Matched betting USA is currently gaining a lot of traction thanks to the abolishment of the Professional and Amateur Sports Protection Act, otherwise referred to as PASPA, and I think every bettor should seize this opportunity of making money off these bookmakers.How No Risk Matched Betting USA Works
The following paragraphs are a complete guide on how you can make money from matched betting. You need to understand that matched betting is not gambling in the conventional sense. There is no risk involved with risk-free matched betting, as it is all based on a number of easy calculations.#1. Find a Bookmaker Offer
The first step in no risk matched betting is to find a fitting offer from online bookmakers. Like I stated earlier, some sportsbooks offer massive welcome bonuses to get your custom; the plan is to play along with the sportsbook. You will need to find such bookies and sign up with them; luckily, we have a free guide on the best welcome offers available in the states you can follow. Unibet sportsbook and bet365 are a great place to start for players new to matched betting.
For instance, if you have followed our guide and registered with bet365 USA offering a free bet up to $100 if you deposit $100Get Up To $500 In Bet Credits
New customers only. Make a qualifying deposit (min $10), place bets to deposit value, once they are settled, matched amount in Bet Credits available to use. Bet Credits risk excluded from returns. T&Cs apply.
Most sportsbooks will give conditions for their bonuses, such as winning a certain amount of money before players can request a withdrawal or placing bets on odds no less than 1.5. It would help if you always used decimal odds when matched betting. You can easily change the format your odds are shown at any bookmaker if they are not currently showing as a decimal, or use an online odds converter to do the work for you.
After checking over the terms and conditions of the welcome bonus and you are confident that there is no hidden gimmick by the sportsbook, you can proceed to the next step.#2. Qualifying Bet
The second step to make money with no risk matched betting is to qualify for the welcome bonus the bookmakers are offering, which is $100 in our example with bet365 US.
When placing our qualifying bet, we would lose a small amount of money, called the qualifying loss.
Start by looking for a game to place your back bet on. This back bet should have odds higher than the minimum threshold of 1.5, as specified on the terms and conditions in the example given above.
I advise you to use the Moneyline market in the NBA or any other sports where you are sure that the outcome will be either win or lose, no draws.
Assuming you place your back bet on a game with 1.9 odds, you now need to find the same game on a different sportsbook and check the odds for the opposing team; this will be called your lay bet. For the purposes of our example, let us say our odds for our lay bet are 2.0.
Next, you need to use a dutching calculator to find out what your stake on the second bookmaker site will need to be.
You will find that no matter the outcome of the game, you will only lose a small amount, around 50 cents at most. This loss, however, does release the free bet offered by the sportsbook.#3. Free Bet
After placing your qualifying bet at a sportsbook, you should qualify for your bonus as a free bet. Some sportsbooks will credit you instantly, while some will credit your bonus up to 48 hours after the end of your qualifying bet.
We repeat the same method but on an even with higher odds to ensure our profit is as big as possible. Ideally, you need a game with an outcome of odds at 5.00 to maximize the profit from your free bet.
Assuming we place our back bet on a team with 5.0 odds, and the second team that we are laying on the second bookmaker — has 1.18 odds.
We now need to adjust our dutching calculator because we are betting with our own money now on the second sportsbook site. The idea of a dutching calculator is to help you make calculations to make sure you get the same returns from the two bookmakers regardless of the outcome of the event.
Applying the dutching calculator to our example, it means we are going to bet our bonus of $100 from bet365 on the game with 5.0 odds and $423.72 on the second sports betting site with 1.18 odds. This generates a guaranteed profit of $76.26 regardless of the outcome of the event.
When we consider our qualifying loss of 50 cents, it means we still have $75.76 as the net profit in this real-life example at bet365.
Also, be informed that you do not necessarily need to place a free bet
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*Matched Betting Sites India
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In this article we’re going to look at the subject of matched betting with multiple accounts – and by that we mean having more than one account at the same bookmaker. This is done by holding accounts that you run in other people’s name (friends or family members), not just your own.
In the matched betting community, this has been nicknamed ‘gnoming’. It’s also known as ‘multi-accounting’.
Honestly, you’re not going to find this written about very openly on the internet as it’s a taboo subject, even among matched betters. But it’s clear there are people doing it. Plenty admit to it on internet forums. And, of course, it’s allowing them to make much more money than if they had just one set of accounts. So maybe it’s worth a look.
In this article we’ll take a look at some of the things that you should consider if you’re going down this route.
Matched betting is legal and a spokesperson for William Hill has indicated that the betting industry does not have a problem with this use of free bets. Matched betting services. The growth of matched betting has led to the formation of matched betting services - usually subscription-based businesses established to make the process easier with. Matched betting bonuses are extremely common bonuses that you can find on many online sports betting sites. Sometimes this type of betting offer requires a sportsbook promo code to redeem.
Just a word of caution, though: this does not constitute any legal or tax advice. The below has been put together as a collection of viewpoints based on what others have told us about doing it. What you choose to do with this information is entirely your responsibility. Is matched betting using multiple accounts legal?
In matched betting, you pose as a regular punter in order to harvest offers and freebies from the bookmakers – all the while you’re actually laying off your bets in a risk-free way so you’re guaranteed profits. Although it’s perfectly legal, some might view it as an inherently murky activity.
Doing matched betting on your own account is already not really in the spirit of what the bookmakers want you to do (and we know this, because they will close your accounts if they suspect you of being a matched better). But does the idea of running multiple accounts at a bookie – using the names of friends and family – cross an altogether different line? Might it even be illegal?
As we’ve said above, we’re absolutely not in a position to give you any legal advice on this. Whilst we haven’t seen anything definitive on the legality of operating bookmaker accounts on behalf of others – either saying it is or is not legal – if you choose to go ahead with this activity, you do so entirely at your risk. It’s extremely grey territory.
One thing, however, is clear. If you’re setting up accounts with bookmakers on behalf of other people then you must have their permission. To do so without that would be identity theft. And you won’t get far with it anyway, for the following reasons:
*You may be asked to provide identity documents, and background checks to open accounts.
*Bookies are likely to require you to fund those accounts using a bank account in the same name as the customer (and even if they don’t, making transfers from seemingly unrelated bank accounts is likely to arouse suspicion).
So, first things first, make sure that you have the permission of the other person, and tell them what you’re doing. If they’re not fully onboard with it, then leave it well alone. Getting the cooperation of friends and family
Having explained the concept to the friend or family member, if they’re still prepared to listen to you, you’re going to need to agree with them how this is going to work.
They’re unlikely to let you make money using accounts in their name if there isn’t something in it for them. Get ready to give them some cash.
It seems that people have tried two methods to compensate the other party:
*Offer them a percentage of your profits
*Offer them a fixed monthly payment
From the feedback of those doing it, the latter option is the clear favourite. Giving them a percentage of the profits makes the arrangement more complicated. You’ll constantly have to calculate the amount due, and they may have suspicions you’re not being entirely honest / accurate anyway.
With a monthly fee, things are clearer. Setting up and operating a multiple matched betting accounts
Keep in mind that the bookmakers are always on the lookout for irregular activity. So anything that doesn’t fit with the profile of a normal punter will raise suspicions. If the bookmaker realises what you’re doing, they will close your gnoming account, and may also gub your own one too!
The feedback, from those using multiple accounts, is that you’ll want to consider a number of important safeguards: 1. Use different addresses and bank accounts
Whilst there are plenty of stories of people having opened up accounts at bookmakers in the name of their wives, not all bookies are open to that sort of thing. Ideally, you don’t want to open up too many accounts under one address. If a bookie sees that you’ve opened 5 accounts at one address for you, your sister, your mum, dad, and gran – they’re probably going to look into that.
But don’t just make up addresses, they need to be where the person actually lives! You may be asked for proof of address.
You also need to use different email addresses.
Equally, you want to be using different bank accounts. There’s more on that below. 2. Use different IP addresses
An IP address shows a bookmaker where you’re accessing the internet from. Again, too much activity coming from one IP address may result in your accounts being flagged.
The chat amongst matched betters is that you want to use a different device and connection for each set of accounts. Many of them have got cheap phones (on a SIM only plan – do NOT connect it to WIFI or it will use the same IP address as anything else using that WiFi connection) to avoid it looking like there are multiple people using the same IP address and device
If that seems a bit much, you could always try getting a decent VPN, which will hide your real IP address when you use the internet. 3. Vary behavior between accounts
Here, the advice seems to be to try logging into accounts at different times and varying user behaviour slightly. If you’re doing identical bets across all accounts at much the same times then that could raise some questions. Laying bets at the exchange, for multiple bookmaker accounts
The betting exchanges, where you place your lay bets, don’t care if you’re matched betting. They’re also not the ones giving you any bonuses where you make your profits.
So, even if you’re running accounts at the bookies in a dozen different names, you can just use a single account at the exchanges. There’s no problem with that, but bear in mind that you might need to increase the size of your cash float in order to have enough capacity for your lay bets. Bank accounts for multiple matched betting accounts
Transferring into a betting account from a bank account that doesn’t match the user’s name is suspicious, and in many bookies might not even be possible. So you need to make those transfers in from account in that person’s name
The banking situation is, for us, the greyest area out there. Some people recommend that you set up a new account in the person’s name (obviously with their permission) and you have control over it, and the debit card is in your possession. Not a single bank out there would consent to, or recommend, this arrangement – but people clearly do it. This arrangement has clear risks for both the person whose name is being used, and the person setting up the account.
So many new bank cards that you’re going to need a new wallet
Having control of that account also makes it possible for you to get your profits out of it too. Otherwise, if you don’t control the account, you’re relying on the other person to constantly make transfers out to you and in to bookmakers. If that person is on board with the whole idea then that may not be a problem, but it’s going to slow the whole process down a little. It may also take quite a bit of explaining over why various payments need to be made.
Note that it might also take some explaining to them if you’re making very big profits in relation to the amount you’re paying them! Tax implications of matched betting on behalf of others
Whilst winnings from bookmakers are tax free, we’re not in any position to tell you what the tax situation is where you’re matched betting on behalf of other people. We’ve seen nothing authoritative that clears this up.
Is there an argument to say that you’re providing a taxable service on behalf of others? Do they need to pay tax on the money that you might be paying them for this arrangement? These are all things that you’re going to have to consider for yourself – and for full disclosure you may want to mention this risk to the person you’re doing it on behalf of. Conclusion: Matched Betting using other accounts – is it worth it?
We mentioned right at the start, this isn’t something we’ve got into ourselves. The whole thing is fraught with issues – which we’ve covered above.
Aside from the legal and tax uncertainties, a significant issue is having to explain the idea, and the risks involved to someone else. On top of that, you need their help – or permission – to manage the cash payments and receipts. Unless the person trusts you a lot, they’re likely to be a little suspicious of the whole idea. Most instances where we’ve heard of people operating multiple accounts is where they’re doing it on behalf of a spouse.
Trust between you both is paramount. These sort of arrangements can end in tears, with suspicion or jealousy causing a fall-out. If the other party becomes difficult and decides to complain to the bank or bookmaker then it is going to cause you a lot of trouble and your own accounts will most certainly get gubbed. At worst, you might even end up in court.
Whether you get involved in this is, ultimately, something for discussion between you and the other person. For many, like us, it’s not something we’ll be rushing into soon. But, plenty of people are – and perhaps it’s that which explains some of the seemingly unbelievable matched betting profits you hear people reporting.
Whatever you choose, good luck!Related
Matched betting is one of the best sports betting techniques or strategies going. It’s 100% legal and a great way to make money with online sports betting.
Bookmakers in the USA can be traced all the way back to the 1930s. Despite always being a high-risk investment, the popularity of gambling has continued to rise in the states ever since.
Matched betting is a low-risk betting system when compared to regular gambling. The internet quickly recognized risk-free matched betting as one of the quickest and safest ways to make money online. However, you can lose vast amounts of money if bet matching is done incorrectly.
This article will guide you through the ins and outs of low risk matched betting USA and how to make money off it in as little as 15 minutes. Yes, make sure to follow all of the steps in our guide to be making money off no risk matched betting USA in just 15 minutes.Best matched betting sites for US21 ratingsReviewGet Up To $500 In Bet Credits
*Easy and fast banking options
*Huge welcome free bet22 ratingsReview2 x Risk-Free Bets Up To $2,000
*Multiple bet types
*Huge range of sports & markets28 ratingsReviewUp To $1,000 Deposit Bonus
*The best sportsbook
*Amazing odds & offersMatched Betting Sites India21 ratingsReviewMatched Bonus Up To $250
*Regular promos & rewards
*Generous sign up bonus23 ratingsReview$500 Risk Free First Bet
*Super fast payouts
*Live streaming21 ratingsReview$10 Free No Deposit Bonus
*Casino & Sportsbook
*Amazing bonuses
The six biggest and most reliable sports betting sites that you can use when matched betting in the US are:What is Matched Betting USA?
Risk-free matched betting is a technique that guarantees a profit from bookmaker free bets and betting promotions. It is not a magical way of taking the sportsbook’s money, but rather a low-risk betting strategy that uses simple calculations to turn the odds of sportsbooks against them. While there are no specific matched betting free bets available, you can see a full list of offers on our free bets page.
The matched bets strategy is simple. Use offers given by sportsbooks such as free bets against them. In this dummies guide, we will run you through exactly how it works.
Over the past 25 years, we have witnessed the emergence of betting and gambling sites due to the sheer amount of money these sportsbooks make off bettors. Due to high levels of competition among sportsbooks, gaining and maintaining new customers is a pressing challenge faced by all sportsbooks.
In a bid to permanently make a bettor a customer, sportsbooks offer many incentives, usually in the form of either free bets or matched deposit bonuses. Luckily for us, a few savvy bettors found a way to guarantee a small, consistent profit from these promotions.
Some sportsbooks in the US offer bonuses as generous as a 200% matched bonus of the first two deposits made by new players in an attempt to entice customers. They do this because they are sure to gain the money back in the long run. While you’re here, you may also want to check out our guide to Arbitrage Betting in the US.How Easy Is It To Make Money With Matched Betting?
Just one-in-a-million people win large amounts of money from online betting, most bettors lose sizable amounts of money when betting, making the bookies extremely rich, that is why they have enough money to offer those fantastic incentives mentioned earlier.
No-risk matched betting was created by a bettor who had lost a large amount of money to bookmakers and explored ways to regain his lost money. Thankfully, the founder was generous enough to share their breakthrough with people for free.
Lots of UK bettors who match bet have profited from this method, and so many more are still to benefit from it, especially in the USA where matched sports betting is quickly gaining momentum.
Matched betting USA is currently gaining a lot of traction thanks to the abolishment of the Professional and Amateur Sports Protection Act, otherwise referred to as PASPA, and I think every bettor should seize this opportunity of making money off these bookmakers.How No Risk Matched Betting USA Works
The following paragraphs are a complete guide on how you can make money from matched betting. You need to understand that matched betting is not gambling in the conventional sense. There is no risk involved with risk-free matched betting, as it is all based on a number of easy calculations.#1. Find a Bookmaker Offer
The first step in no risk matched betting is to find a fitting offer from online bookmakers. Like I stated earlier, some sportsbooks offer massive welcome bonuses to get your custom; the plan is to play along with the sportsbook. You will need to find such bookies and sign up with them; luckily, we have a free guide on the best welcome offers available in the states you can follow. Unibet sportsbook and bet365 are a great place to start for players new to matched betting.
For instance, if you have followed our guide and registered with bet365 USA offering a free bet up to $100 if you deposit $100Get Up To $500 In Bet Credits
New customers only. Make a qualifying deposit (min $10), place bets to deposit value, once they are settled, matched amount in Bet Credits available to use. Bet Credits risk excluded from returns. T&Cs apply.
Most sportsbooks will give conditions for their bonuses, such as winning a certain amount of money before players can request a withdrawal or placing bets on odds no less than 1.5. It would help if you always used decimal odds when matched betting. You can easily change the format your odds are shown at any bookmaker if they are not currently showing as a decimal, or use an online odds converter to do the work for you.
After checking over the terms and conditions of the welcome bonus and you are confident that there is no hidden gimmick by the sportsbook, you can proceed to the next step.#2. Qualifying Bet
The second step to make money with no risk matched betting is to qualify for the welcome bonus the bookmakers are offering, which is $100 in our example with bet365 US.
When placing our qualifying bet, we would lose a small amount of money, called the qualifying loss.
Start by looking for a game to place your back bet on. This back bet should have odds higher than the minimum threshold of 1.5, as specified on the terms and conditions in the example given above.
I advise you to use the Moneyline market in the NBA or any other sports where you are sure that the outcome will be either win or lose, no draws.
Assuming you place your back bet on a game with 1.9 odds, you now need to find the same game on a different sportsbook and check the odds for the opposing team; this will be called your lay bet. For the purposes of our example, let us say our odds for our lay bet are 2.0.
Next, you need to use a dutching calculator to find out what your stake on the second bookmaker site will need to be.
You will find that no matter the outcome of the game, you will only lose a small amount, around 50 cents at most. This loss, however, does release the free bet offered by the sportsbook.#3. Free Bet
After placing your qualifying bet at a sportsbook, you should qualify for your bonus as a free bet. Some sportsbooks will credit you instantly, while some will credit your bonus up to 48 hours after the end of your qualifying bet.
We repeat the same method but on an even with higher odds to ensure our profit is as big as possible. Ideally, you need a game with an outcome of odds at 5.00 to maximize the profit from your free bet.
Assuming we place our back bet on a team with 5.0 odds, and the second team that we are laying on the second bookmaker — has 1.18 odds.
We now need to adjust our dutching calculator because we are betting with our own money now on the second sportsbook site. The idea of a dutching calculator is to help you make calculations to make sure you get the same returns from the two bookmakers regardless of the outcome of the event.
Applying the dutching calculator to our example, it means we are going to bet our bonus of $100 from bet365 on the game with 5.0 odds and $423.72 on the second sports betting site with 1.18 odds. This generates a guaranteed profit of $76.26 regardless of the outcome of the event.
When we consider our qualifying loss of 50 cents, it means we still have $75.76 as the net profit in this real-life example at bet365.
Also, be informed that you do not necessarily need to place a free bet
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