No Risk Matched Betting Usa
No risk matched betting USA Matched betting or double betting as it’s sometimes called is one of the most popular and profitable methods of making risk free cash online. A quick Google search for ‘best way to make money online’ reveals matched betting as one of the most popular results. Matched betting is a no-risk technique that guarantees profit from bookmaker free bet promotions. It is not a magical way of ripping bookmakers of their money, rather a low-risk betting strategy that utilizes simple calculations to turn the odds of bookmakers against them.
Mаtched bеtting (also known as back bet matching, lay bet matching or double bеtting) is a bеtting technique used by individuals to profit from the free bets and incentives offered by bookmakers. It is considered[weasel words] risk-free in theory as it is based on the use of a set of mathematical equations rather than left to chance.[1]
Concept[edit]
The concept of matched betting requires an account with two or more bookmakers or betting exchanges where at least one offers the user a free bet. When the free bet is placed the other bookmakers or betting exchanges are used to hedge all the possible outcomes so that no matter what happens the value of the free bet is retained. At its simplest, a matched bet involves placing a back bet using the free bet at a bookmaker while placing the opposing lay bet at a betting exchange. More advanced versions involve placing the bets on multiple bookmakers (dutching) to avoid the commission charged for using an exchange. Generally, bookmakers incorporate terms by which bettors must first place a bet using their own money in order to qualify for the free bet. For this, a bet is placed on particular results occurring with the bookmaker and a second bet placed on the same result not occurring at the betting exchange. The latter is required to offset any loss in the event that the result does not occur; for instance, if a team loses. Once the free bet has been qualified, the same process is followed with the exception that a free bet is being used. No matter which result occurs, there will always be a guaranteed profit because the bet was made free of charge. Online betting outlets, betting exchanges, have become popular in recent years for they allow betters to bet without official odds-makers. In essence, the person placing the lay bet acts as a bookmaker.[2]
Approaches[edit]
There are several common strategies for matched betting including assisted and manual betting. Assisted matched betting refers to websites or software packages which provide comparison tables of markets for individuals to bet on. These are commonly known as 'auto-matchers'.[3][4]
Industry reactions[edit]
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.[5]
Matched betting services[edit]
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 step-by-step instructions and bespoke software, such as oddsmatching.[4]
Taxation[edit]
Matched betting, along with all other betting, is tax-free in the UK [6] and in Italy. [7]
See also[edit]
Matched Betting Blog
References[edit]
- ^Burek, Owen. 'Is Matched Betting the Answer to Student Prayers?'. Huffington Post. Retrieved 6 June 2014.
- ^Thrust, Richard (2010). Free Sports Bets. ISBN9781445725710.
- ^'Free World Cup bets offer chance to beat the bookies'. The Guardian. 5 June 2010.
- ^ ab'Free bets mean you can clean up as bookies meet their match'. The Guardian. 24 July 2010.
- ^'Is this a bet you can't lose?'. Daily Telegraph. 6 December 2010.
- ^'BIM22015 - Trade: Exceptions & alternatives: Betting and gambling - introduction'. HM Revenue & Customs. Retrieved 4 December 2013.
- ^'Gazzetta Ufficiale art. 30 DPR 600/1973'. Gazzetta Ufficiale.
Not every state offers sports betting YET. However, don’t fret, the way things are now, odds are it will be legal in your state soon too. Even if it’s not, next time you find yourself in one of the states where it is legal, there’s nothing to stop you from placing a quick matched bet, and making some cash.
This is in order from best for matched betting to worst for matched betting, only including states where books are currently operating.
New Jersey: My home state, and arguably the best place in America for matched betting as of right now.
Iowa (still brand new, not too many options yet)
Mississippi(similar to Iowa)
Matched Betting Offers
New Hampshire: only Draftkings is available for now, but this is changing