Sports betting is becoming more and more popular in the United States as more states are allowing its local operation. Currently, there are already 23 states with legal sports betting and 18 of these have already launched the local operations. Some of these states with regulated sports betting include New York, Rhode Island, New Jersey, and Delaware.It’s just really undeniable that betting is becoming more widespread in the US and it remains the favorite gambling activity of many people in Australia, the UK, and parts of Europe. There are so many ways that people place their bets, and whether it’s online or on apps like the Bovada Mobile App, matched betting is something that you should give a try if you’re after making profits.
Matched betting is a strategy or a type of bet that can make you turn free bets that online bookies offer into real cash. You can do this by covering the potential outcomes of a sports event. This means that you will have to place multiple bets to be able to profit from betting no matter what happens on the match that you’re watching or you have wagered on.
Let’s say you want to wager on football. You’re hoping to place a matched bet because you got a free bet from the online sportsbook you signed up with recently. The match is between Manchester United and Liverpool. To place a matched bet, you need to place a bet on Manchester United winning and another on Liverpool winning. Both bets are called ‘back’ bets. A back bet is betting on an outcome to come true or for a team or athlete to win.
Meanwhile, you can also place bets on Manchester United losing and another on Liverpool losing. Both bets are called ‘lay’ bets. Lay bets are placed by betting against the outcome to come true. For lay bets, if the teams end up with the same score or a draw, then you still win.
Basically, matched betting is placing bets on all the outcomes of a game so that no matter what happens, you get to win. When you bet, you usually wager with back bets. Since you’re matched betting, you will need to use the free bets that you got for lay bets. That’s how you make the profit.
The amount that you can earn from this will really depend on the amount you’ve wagered with and the amount of time you’ll spend on doing this.
However, thinking about the amount of time you’ll spend on matched betting to be able to make profits shouldn’t be something that’s off-putting. You can always place matched bets at your own pace or in your own time. Surely, the more time you spend on it, the more profits that you can get. Some people in the UK would earn around 300 pounds a month by spending 5 hours a week on matched betting. That’s basically 15 pounds at an hourly rate.
Welcome bonuses or promos like free bets can be very profitable if you use them the right way. If you’re after match betting, you should go after bookies that offer free bets as a bonus or promo. This way, you’ll earn and don’t feel like you lose instead.
What’s great about matched betting is that anybody can do this. Even people who are not fans of any sports can do this too. Since you’re betting on all possible outcomes, decision-making isn’t necessary anymore. You don’t need to have great knowledge of the sport you’ll wager on. You just really need to know how matched betting works. The outcome of the match isn’t something that you have to worry about since either way, you’ll win.
Matched betting sounds easy to do because it is. You just really need to know how it works and to find bookies that offer free bets. Know that free bets are not only offered as a sign-up or welcome bonus by online bookies. There are times that you get rewarded free bets for being a loyal customer or for making another deposit to your account. There are many online bookies that would do both or either and research is important.
Since matched betting is so easy and is something that you can really make profits from, you may think that this is too good to be true and that maybe this is something that bookies will prohibit punters from doing. Know that matched betting is completely legal and bookies don’t prohibit this because they will always earn money from your bets.