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Read our step-by-step guide to matching bets and learn how to make a profit with free bets and bonuses offered by online betting sites in India.
A comprehensive guide to matched betting from India
Imagine if there were a way to bet on sports with guarantees that you would never lose. It sounds like it’s way too good to be true, doesn’t it? But that’s what matched betting is.
For many people, matched betting offers a way to earn a regular income that they can rely on each month. Some individuals have even been able to replace their jobs with the money they can earn as a result of matched bets.
But what exactly is matched betting, how does it work, and how much money can you make with matched betting?
Our comprehensive guide to match betting from India will answer all these questions and more, so read on for everything you need to know.
What is “matched betting”?
In its simplest definition, matched betting is a risk-free way to bet on sports. This is because all outcomes are hedged, which guarantees a positive return.
It may seem like this is impossible, as betting sites in India would surely lose a lot of money if it were possible to use matched bets to cover all possible outcomes. But matched betting uses free bets, promotions, and other bonuses to make it happen. It is not necessary to have specialist knowledge to thrive with matched betting. People have succeeded with matched bets even if they know nothing about sports. It is possible to make money on matched bets even if you have never placed a bet before in your life.
It can be an advantage to be familiar with both sports and betting. However, it is easy to gain all the knowledge and expertise you need for matching bets along the way.
So how does matched betting work, and how can you get started?
How does it work?
As we have already mentioned, matched betting works by covering all possible outcomes for a sporting event.
It is, of course, usually the case that this is not only possible on gambling sites. The prizes they set for a particular match include a house edge or betting margin that is used to ensure profits for the operators.
This means that matched bets use a betting exchange. An example of a popular betting exchange that is popular all over the world is Betfair, but there are others available, such as the Dafabet exchange for players from India.
When using a betting exchange, players use a bet called a “lay.” Essentially, this is betting against an outcome in a sporting event.
Matched betting in India: an example
Let’s take the example of a football match in the English Premier League. Chelsea take on Arsenal. A bet on the Blues to win would be known as “backing.” But if you didn’t think Chelsea would win, you could “lay” a Chelsea win. As long as the result was a draw or a win for Arsenal, laying Chelsea would be a winning bet.
In matched betting, you would support Chelsea to win on a betting site. Then, to cover the other outcomes, place them on the betting exchange. If Chelsea wins, the back bet wins. If they don’t, the lay bet wins.
This only works if you have access to free bets and promotions from gambling sites. The good news is that matched betting is very easy due to the large number of these offers. Bonuses and promotions are regularly offered by gambling sites in India to convince people to sign up for an account. With so much competition in the industry, these offers are necessary to try and make a gambling site stand out from the crowd.
By using a free bet to support an outcome and then placing it on the exchange, profits can be guaranteed. A matching bet calculator can be used to show you exactly how much money you should bet on each bet to get the most guaranteed profit.
What is important to note about matched betting is that, as long as the rules are followed correctly, it should always be possible to put guaranteed money in the bank. This makes matched betting completely different from regular sports betting, where you need your chosen outcome.
How much time does matched betting take?
This is a difficult question to answer. The more time you can spend on matched bets, the more money you are likely to make.
But it doesn’t have to be something that takes a lot of time. Some people do match betting for a few hours a week and are still able to make a decent amount of money.
Others get engrossed in using matched betting and find they can do it as a full-time job. This has advantages and disadvantages, but it is certainly possible to do it full-time.
When you start matching with betting, it will take more time as you get used to how it all works. However, after a while, the processes become second nature, and it is a lot faster to place the bets.
What do I need to bet matched?
You don’t have to be a sports expert for matched bets, as we said before. It is also not necessary that you know much about online betting, although this can be somewhat helpful.
A starting bankroll is needed to get started with matched bets. The more money you manage to make available for this, the greater the profit you can make immediately.
Even a small bankroll will be enough to get you started, but it will take more time to build that amount through matched bets.
It is also useful to be able to use the profits from matched betting to further fuel the practice. Eventually enough money will be made to withdraw money from matched gambling activities, but keeping it in the bankroll can be very beneficial at first.
Access to a matching bet calculator is also a must for anyone wanting to try it. The calculator can tell you how much to lean on each bet and wager for the maximum profit.
Accounts on gambling sites are also a must. The more betting site accounts a person has, the faster they can make money from matched bets.
It is only possible to have a single betting site account on each site, but there is nothing stopping people from signing up for as many different bookmaker websites as possible to proceed with matched bets.
Many different gambling site accounts are also a must. This is because, in order to make money on matched bets, you need to get the best possible odds available for a given bet.
How much money can you make with matched bets?
It is difficult to put an exact figure on how much money can be made from matched bets. But many who take up the practise find they can make the equivalent of a full-time income from it.
Using a spreadsheet can be a good way to track the winnings and losses of matched bets. The spreadsheet doesn’t have to be particularly complicated to be useful, as long as it shows what accounts you use and where your money is kept at any given time.
Setting a target of matched bets is also something that can come in handy. That way you have something tangible to work towards when placing your matching bets on bookmaker sites.
Betting exchanges often take a small commission from your winnings, so that should also be taken into account. It’s usually only a few percent, so it shouldn’t eat much of your money.
Is matched betting legal?
There are no laws that prohibit matched betting, so it is 100 percent legal.
Betting sites are also aware that people use matched betting, but there’s not much they can do about it. After all, if they make bonuses and promotions available, people will take advantage of them.
In addition to being legal, matched betting is often recommended as one of the best ways to earn tax-free money with minimal effort.
Publications such as the UK’s The Guardian newspaper have previously featured matched bets, encouraging even more people to try it out for themselves.
Advantages of matched bets
Without any knowledge about sports or betting, anyone can make money with matched bets.
This means it can be useful for people with busy lifestyles who need to make some extra money.
For example, someone who takes care of the children at home all day can make matching bets throughout the day to raise more money for the household.
Another advantage of matched betting is that it is not gambling. This is because it is risk-free, so there should be no way to lose cash or get addicted to betting.
There is also a friendly, welcoming community around match betting. Newcomers are likely to find gambling experts happy to share some of the best tricks and tips.
Disadvantages of matched bets
There are plenty of benefits to matched betting, but there are also some drawbacks that should be noted.
If you already have accounts on many betting sites in India, then you may find it more difficult to make money on matched bets. This is due to the fact that new bookie accounts are a must in matched betting.
It is also necessary to postpone the withdrawal of winnings from matched bets for a while. Therefore, it may not be suitable for those hoping to make a quick buck. The need for a decent bankroll to get started can also rule out people who don’t have any money to spare.
Simply put, the more money people can spend on matched bets, the more they can earn and the faster they can start withdrawing their winnings.
Tips and tricks for matched betting
Using a matching betting calculator is a top tip for anyone planning to place matching bets. While it is possible to bet-match without a calculator, it does get a lot easier.
While there are no laws against matched bets, bookmakers have been known to close accounts if they suspect people are using this tactic. Therefore, in order to generate income from matched bets in the long term, it is necessary to keep these betting accounts active.
Making a betting account look like it is being used by a normal customer is, therefore, a good tip. To do this, it is worth placing some normal bets through the account rather than just matched bets.
Many people who make matched bets find that a dedicated bank account is useful. This helps to make it easier to see how much money is being made as a result of matched bets.
