Matched betting is a term which is increasingly being heard these days. It is even being referred to as ‘intelligent betting’ in betting circles. The entire concept of matched betting involves placing a bet both as a punter and also laying a bet as a bookmaker. This has become possible thanks to the advent of the numerous betting exchanges these days. If properly used, matched betting is known to eliminate the element of luck to quite some extent and can get no-risk returns.
The entire concept of matched betting works like this. You place a bet at bookies and back your chosen outcome at particular odds. For example, you could be backing Chelsea to beat Man United in a soccer match. If Chelsea were to win, you would win back your stake and if you lose, you lose your stake to the bookie. What if at the same time, you were to lay a bet, simultaneously as a bookmaker and offered the same odds to someone for Chelsea beating Man United?
This is what matched betting is all about. It works on the principle that whatever you win or loose is always cancelled out by whatever you win or lose, both as a punter and as a bookmaker. Although all this sounds good you should always keep in mind certain things when dealing with matched betting. For one you will need to use betting exchanges, which never offer lay odds which are the same as those offered by bookmakers. The second thing that you should remember is that you will also need to shell out a significant commission to the betting exchange. You need to be clear on all these aspects of matched betting before you place, as well as lay a bet on a particular outcome.