Matched betting guide: The conceptUncategorized
Contrary to the name, matched betting is not gambling as you cover each possibility of bets you place. To explain what is matched betting, we will use a modified roulette wheel. The roulette wheel has had all zeros removed. You have a 50% chance of hitting either red or black and the same odds on each (1 to 1).
In our fantasy casino they are offering the following.
Bet £10 and qualify for a £10 free bet*
*Free bet cannot be cashed out until played
Firstly, we will place a qualifying bet in order to release our free bet. Now remember we are NOT gambling, we do not want to risk any of our money. So we will bet, both for and against.
We break-even regardless of the result
Free bet unlocked
As we have completed the qualifying bet we receive a £10 free bet. By repeating the same process as earlier when we broke even, but by using the free bet as one of our stakes we can guarantee a profit regardless of the result.
We earn £10 profit regardless of the result
In the above demonstrations we have shown you that whatever the outcome we were covered. At no point was there any risk to our money. Matched betting involves covering all possibilities of a bet, this removes the usual risk involved. For example, if you bet for a horse to win in the Grand National, you would then have to bet against the same horse winning. This means whatever horse wins you are covered. As long as you place the correct bets and they are accepted, your money will not be at risk and you will know exactly how much you will receive back, prior to the event happening. We hope you understand the concept and are eager to learn more.
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