Sports betting often requires extensive knowledge of teams’ and players’ history, the ability to analyze the situation and pay attention to details that may turn out to be game-changing. If you feel like this form of gambling is not for you, there is some news that will certainly cheer you up. Although you may not get to become an expert sports bettor, there is an approach that will let you enjoy winning some money at sportsbooks. It requires a minimum knowledge of the sport you are planning to bet on and some basic understanding of how wagers work. It’s not some false promise or a cheap trick; you’ll soon understand how this is possible and still efficient.
Introduction to No-Risk Matched Betting
The following method is considered risk-free, as it helps to balance out the risks sports betting has and receive a guaranteed reward. It is called matched betting, or you might also find it under the name of double betting. Whatever the name, the principle behind it remains the same.
For this approach to work, you will first need to look for sportsbooks that use free bets to attract new customers, who would have to sign up and fulfill certain requirements to redeem these bonuses. Usually, you will have to deposit some money to your newly-created account, but it won’t be much.
Don’t worry, it’s called risk-free betting for a reason, but there rarely are investment-free ways of getting a reliable source of income. However, this is a great find for bettors who managed to get their hands on some amount of cryptocurrency and would like to increase their assets. And if you’re a fan of soccer, football, baseball, or MMA, Bitcoin sports betting is basically the best way to do that.
Placing the Bets
Now, let’s see what one has to do to make this method work.
As indicated by its other name, double betting means you will have to make two bets that would balance each other out. The first one is called a back bet, and it secures the free bet that makes this whole technique possible. The lay bet is then placed on a different sportsbook or a betting exchange to secure your win in either case.
Going into a little more details, you first bet on your favorite team’s victory, for example, after which bet on its defeat. Once that match is over, you should be able to redeem your free bet and use it in the same manner, with the other bet placed on the opposite outcome once again. That’s how you will win in either scenario.
The idea is to find the site with odds that would cover your first bet in case you lose and vice versa. Usually, sports betting sites will offer lower odds than betting exchanges. The latter, in their turn, charge a small portion of your winnings, one to five percent on average, so keep that in mind when looking for the right site.
The Bottom Line
You may be wondering by now whether sports betting sites are aware of this method and why they have not done anything to prevent it. Or can it be some sort of scam? The answer is it’s a reliable technique, and sure, people behind the sportsbooks and betting exchanges know well about this and other methods bettors use. Although it’s not obvious, they do benefit from it as well. Matched betting is particularly attractive, and by offering free bets, the sites get new customers who may become interested in other options they offer.
So, don’t worry, and enjoy this opportunity to earn money by wagering even if you are not an avid sports fan who is good at predicting how the matches will go.