What is Matched Betting?
Do you Use Your Own Money Matched Betting?
Technically No. You just make use of the free bets and welcome bonuses that are offered up by the websites. You may have to place an initial bet deposit to get the deposit offer, but you still don't have to spend your own money online betting.
Is Matched Betting Risk-Free? Can You Lose Money?
Matched betting has been designed to be risk-free. You make money with a risk-free bet by betting the free bets that online bookmakers offer you. Your own money need not ever enter be staked or used when you start matched betting. Can you lose money? If you are not careful, then yes, maybe. Especially if you do not pay attention to the betting odds or the minimum odds and maximum odds for every bet. Then you can lose money. But if you do not place bets using your own money, then you don't lose money when match betting.
Do Online Bookmakers Have an Issue With Matched Betting?
It appears that they don't. Most do not have an issue with their new customers using their free bets to make money. Bookmakers like William Hill have stated that they do not have any issues with bet matching or with their customers using their free bet offers to make money.
Can You Make a Living on Matched Betting Profits?
If the success of some other matched bettors and experienced matched bettors out there is to be considered, then the answer is Yes. You may be able to make a profit from the free bets offered and make a living match betting. Of course, it will take time and a bit of math but as long as you keep a careful eye on your matched betting activity, you could start making more profit than if you held down a regular job. How much profit you can make from match betting will depend on how much time you spend with it and how careful you are with the odds.
How Can Bookmakers Make a Profit With Match Betting?
Does matched betting affect the profit margins of the casinos? Likely not dramatically. The bookmaker account will still make money with every bet you make. They especially make money when you lose. In a betting exchange, the bookmaker makes money because they charge a small commission for every bet made. This is likely why matched betting is legal in the betting industry. Bookmakers will still make money with your first matched bet that you made with the bookmaker sign-up offers or free bet offers.