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Responsible gaming. It is sometimes referred to as 'bonus arbing'. The use of bonuses and offers allow the individual to lock in a profit regardless of the betting markets outcome in most cases.
Because the value is in the bonus being offered, not the price. Profit comes from a couple of very simple maths calculations. If this is your first exposure to matched betting, this may be a little confusing right now.
Don't worry, I'll now show you exactly how the process works with a short example As you'll know, there are two types of bets on Betfair's Exchange.
Back bets and Lay bets. For a full lay betting explanation take a look here. This is known as a 'qualifier'. The aim of matched betting is make a profit, and so we don't want to lose any money.
That's up to you, personally, I'd advise taking it to the next stage. Guaranteed profit. You return to this hypothetical bookmaker, claim the free bet and find another sporting event that has similar or the same odds as Betfair's Exchange far from impossible.
This means that; If the bet wins or loses, you make a small profit. You just have to calculate the stakes used, depending on the betting prices offered.
You back Chelsea at [3. You lay Chelsea at [3. To make things easier you may want to use a matched betting calculator.
Remember: before doing this, always check the terms of any bonus as they may vary. There's no denying, matched betting is a useful way of making some extra change.
But the offers don't necessarily last forever, and the bonuses aren't exactly massive. So what next? Exchange trading is the most natural progression.
Because if you've already been matched betting, you'll already understand the basic concepts of backing, laying and cashing-out.
You may have even noticed some routine-behaviours within the market over time. The main differences between matched betting and Exchange trading being; everything is done on the Exchange , there are no bonuses but you can make a profit from the change in price.
Trading includes more risk depending on your level of self-control, but the potential rewards are huge in comparison to matched betting.
I wouldn't ever recommend taking unnecessary risks though. A commonly trodden path is for matched bettors to build up a risk-free trading balance before progressing into Betfair trading fully.
The earning potential isn't the only reason Exchange trading is next on the list for those matched betting though Exchange trading has several benefits that matched betting does not, mainly the lack of limitations.
Here are a just a few:. There is of course commission to pay on winnings, but unlike bookmakers they won't close your account for winning.
Trading doesn't rely on any , it's all about price. With Exchange trading, providing you have a winning edge, it's possible to increase the returns once you reach profitability.