In this guide, the experts of Betting Trends now will explain in a simple but detailed way what Matched Betting is, how it works, how much you earn and what are the secrets of this betting strategy. Once we have read the whole page, we will be able to apply matched betting and get a guaranteed profit. Let's go!

What is matched betting?

Matched betting is a form of betting defined as low-risk, typically on sporting events such as soccer bets, which is used to obtain guaranteed profits . In Canadiano it is also called as the matched bets strategy.

By using no deposit bonus and free bets (or freebet), bettors can have greater chances of profit by covering all possible outcomes of a match or sports event. As stated on Wikipedia, “… it is generally considered a risk-free bet as it is based on the application of a mathematical equation rather than chance”.

With the help of a simple matched betting calculator and betting bonuses, we can generate instant profits from our bets. All without needing to know everything about online sports betting.

Practical example of matched betting

Let's take, for example, the promotion of a certain bookmaker who offers all its new members 10CAD for free if a bet of 10CAD is placed on any event. For simplicity, the event we will use in this example is the tossing of a coin. There are two possible outcomes, heads or tails, with the same probability of both occurring.

If we place a bet of 10CAD on heads and 10CAD on tails, we will not win anything in the end, but at the same time we will not lose anything. The two bets, in fact, will cancel each other out, but we will have satisfied the bonus wagering requirements of 10CAD.

As seen, whether it's heads or tails, you will win or lose 10CAD. In both cases, the overall profit will be zero because we satisfied the bonus conditions and thus collected 10CAD. Sporting events can have more than two outcomes (like a soccer match) and each result has a different probability of occurring. Even so, the basic principle of matched betting remains the same, but the amount we will bet on each outcome will vary.

The profit from matched betting comes from bookmakers' bonus offers generated to stimulate customer engagement. In this sense, let's now take a look at the best welcome bonuses from AGCO bookmakers for matched betting:

Since most sporting events have more than two possible outcomes, we will use betting exchange. Here, unlike traditional bookmakers, betting exchange sites like Betfair allow us to also bet against something happening.

For example, we could bet that the home team will not win, which will cover both the draw and the away win. This way, we will only have to place two bets to cover all possible outcomes.

Betting Exchange, the Back and Lay

Back and Lay in betting exchange correspond to Back and Lay and are two very important things to understand the functioning of matched betting. Betting exchange sites are very similar to regular bookmakers, with one fundamental difference. Instead of betting against a bookmaker, we bet against other bettors.

That's why it's also called exchange betting. Exchange betting allows a user to propose a bet they want to place. If another user is happy to accept that bet, the bet becomes "matched". The second user here effectively plays the role of a bookmaker.

At this point, we may be wondering how betting exchange sites make money if it is only the users who bet against each other. These bookmakers take a small commission from the user who wins the bet, usually 0-5% of the winnings. That said, we are now ready to see how matched betting works.

How Matched Betting works

If we haven't done it yet, we need to open a betting account with an online bookmaker where we'll receive a welcome bonus, which cannot be withdrawn but is intended for the first bet (or qualifying bet for matched betting). In our example, we'll do it on Bodog, which offers a 20CAD welcome bonus on the first bet:

If we were to use the bonus in a traditional manner, we risk losing the bet and therefore not earning anything. Instead, by using matched betting, we will place a first qualifying bet on the bookmaker Bodog's website (i.e. make a Back or Punt bet) and a second bet on a betting exchange (called Banca), covering all possible outcomes of a game. In our case, we have chosen the best bookmaker for the betting exchange, Betfair:

This way, one bet will be a winner and the other a loser, but we will have unlocked the bonus, always guaranteeing ourselves a profit which we will reinvest, this time ensuring a real profit. The sum of several bets over the course of a month will allow us to achieve a constant profit over the period.

Earning with Matched Betting

Matched Betting is essentially a strategy for circumventing the system, while remaining completely legal. It is tolerated by bookmakers for two reasons: the first is that the percentage of bettors who use this approach is very low and difficult to recognize, and the second is that betting bonuses represent an indispensable system for attracting new customers.

Obviously, there are limits on the collection and amount of bonuses granted by various betting sites, which can involve a maximum cap or disbursement timeframes, and to make substantial profits one must delve into the workings of matched betting, acquiring a certain level of speed.

Step by step guide to matched betting

Here is a step-by-step example of how matched betting works.

Whatever the final result may be, we will have unlocked a free bet bonus of CAD30. Now we can repeat this process, but this time using the free bet bonus.

To recap, by simply placing four bets (playing matched betting twice), we will have made a net profit of about CAD23. It's easy to imagine how, with higher amounts and higher odds, the final profit will only increase.

Alternatives to matched betting

The world of AGCO bookmakers also offers other opportunities for easy earning besides matched betting. Below we will see some of the best alternatives to this methodology. There is no truly safe way to win with betting; however, these systems offer an excellent profit margin if used correctly.

Surebets

The sure bet, as the name suggests (safe bets), are another safe way to generate profits using traditional bookmakers. However, bonuses and promotions are not involved in this case. Also known as betting arbitrage, a term borrowed from the world of finance, surebets or safe bets exploit the difference in odds for the same event from two different operators.

To put this strategy into practice, it is necessary to have accounts open with two or more bookmakers (preferably more), in order to take advantage of discrepancies between the odds. The initial stake (let's say it's 100) should be divided between two opposing outcomes: on site number 1, we will bet on Under, while on site number 2, we will play Over. The goal is to take advantage of the difference in odds to create a small, but safe gain, regardless of the outcome of the match: by repeating this technique over time, it is possible to build a small capital to reinvest, perhaps in matched betting.

Betting systems

With this method, we are already entering the realm of gambling. As we have seen in our guide on betting systems, however, it is a very effective way to minimize risk and maximize profits when placing traditional bets. Instead of placing a simple multiple bet, for example with 5 events, which would not lead to any profit if one event is incorrect, with systems all possible combinations are played and the money return is assured even in the case of one or more errors. Systems vary according to the number of events included and combinations to be played, and each has its own characteristics and peculiarities.

All the bonuses useful for Matched Betting

To fully take advantage of the matched betting method, we need to also fully utilize all of the betting bonuses. That's why it's important to be aware of all the promotions and offers currently available on the best betting sites. Our experts have analyzed dozens and dozens of bonuses, offering only the best ones available.

In the following list, we have summarized only the betting bonuses offered to new customers by betting sites, with details on the amount, requirements, and various characteristics. Of course, all the figures and numbers reported below are up to date and tested (i.e. valid) by our experts.

Matched Betting Frequently Asked Questions – FAQ

Is matched betting legal?

Matched betting is completely legal and authorized in Canada. In fact, a spokesperson for a well-known betting site has even stated in the past that the gambling industry is happy for people to do it.

Why do bookmakers allow it?

Firstly, there is an increase in competition among bookmakers. The best betting sites offer promotions and bonuses to try and attract both new and old users. These promotions prove profitable for them, so they are consistently adding more to their sites each month. Promotions are easily exploitable for profit through matched betting, as shown before. The more promotions there are, the more profitable matched bets become. Bookmakers simply do not ban it because they cannot stop you from doing it.

How much can you earn with Matched Betting in Canada?

First of all, thanks to the over 30 welcome bonuses selected by Betting Trends now, you can take advantage of many promotions for your bets and make your matched betting strategy profitable. Just one hour a day and you can earn from a few hundred euros up to CAD1,000 per month with this method of betting.