Why Matched Betting is not for everyone

At this point, you’ve probably heard about matched betting and read a lot of its concepts and how to play it. You’ve also probably tried out the trial offered at Oddsmonkey to see whether it is really telling the truth and that it is not a “too good to be true” offer. You’ve probably realized at this point that even though matched betting is such a good way to earn some income on the side, knowing that there is no risk in betting at all, you’d wonder why not everyone is into it.

Here are some reasons why.

It smells of scam.

One of the biggest setbacks of matched betting is that the offer is too good to be true that it is behaving in the same way that scammers do.

But there are some characteristics of matched betting, especially with Oddsmonkey that makes them better compared to scams. The latter promises a lot of things that are too excessive and it forces you do to it. Matched betting may have the first characteristic, but it is not on a scale that it is excessive. One thing that gave way to matched betting and gained a lot of bettors is it doesn’t promise a life filled with riches when signing up under them. Not even one of them asks their bettors to make payment right away. All they need to do is serve the bettors with their account and it will be up to the bettors where they are going to place their bets. The service provides an online tutorial on how to get started and several other info on how matched betting works.

It makes you lose a lot of money.

Matched betting is indeed a gamble, but not on a scale that you lose a lot of money, unless you do it that way. There is a reason why you need to understand the basics of matched betting first because through there you get to create a strategy on how you are going to make your next move – whether you are going to use the free bet offered to you by the bookmaker or you bet your own money and bet on both outcomes. Bettors are expected to place a bet on both outcomes, but it will be up to the bettor to place how much. Whatever the results are going to be, you will still earn money. This is why many people talk about how much they have earned well with matched betting because they are guaranteed to win.

It is illegal.

Matched betting does sound illegal if you do not know a thing about it. The money is tax free wherein it utilizes the offers of the bookmaker. However, you will be surprised that matched betting has been around for many years and it is a legal transaction. This is because the bets made in here are based on the outcomes of sports events. This means both minor and major sports events are made bets in matched betting.

Can Students Earn Profit with Matched Betting?

College students that have loans to pay off after graduating is like a death sentence for some of them. This is because they know they aren’t guaranteed with a job right after they graduate. And even if they do get secured for a job just before finishing college, it can be quite a challenge to maintain a budget to live for yourself and at the same time paying for the money you owe from college. So when college students hear about a risk free gambling that can make them earn big, of course they would be talking about matched betting.

What is matched betting?

Matched betting is a kind of gambling that is free from risks and it usually bets on sporting events. Many of those who have made bets in this refer to it as ‘bonus hunting’. Those who want to join in this kind of betting are expected to open an account with the bookmakers like Oddsmonkey before they place their bets. However, most matched betting start off with a free bet you can take advantage of. This is especially true when you use their free trial if you aren’t sure if matched betting is really for you.

The idea here is that you get to extract the free bets just by betting both on against and for on a certain event. There are online betting sites that offer matched betting. This is why there is no risk to matched betting because you have an option of placing two bets and it cancels each. Depending on how much you bet, you get to win some and lose some at the same time.

The key feature in extracted profit guaranteed for you is to repeat the ‘matching’ process on a particular bet again, but it will be using the free bet offered by the bookmaker rather than using your own money. Whatever the results may be, the bettor is guaranteed with a profit or a win. By applying the same technique in extracting free bet provided by the bookmakers, this can result to a very big haul of money.

Students and the risk of joining matched betting

There is still the risk of anyone joining matched betting, not just the students. While in theory matched betting doesn’t have any risks, the sole risk of this method is that most people who have a lack of understanding on how matched betting works is what really makes them lose a lot of money. There is a reason why services like Oddsmonkey offer a video tutorial and an overview of matched betting when bettors open an account with them. The problem with these people is that they get too excited that they just dive in without understanding how the whole thing works.

If students were to join in matched betting, it is important that they read up more information regarding the technique and record all the activity they have made with the service, like Oddsmonkey, in a spreadsheet.

Why Isn’t Everyone Into Matched Betting?

Many people have testified about matched betting with Oddsmonkey and how it has made them earn huge rewards from it. It is a method wherein the risks are non-existent even though you are gambling. Where in the world are you going to find gambling with no risks involved at all? The answer for that is matched betting. What’s more, the first time you engage in this, you are given a free bet. So if this is such an amazing thing to earn extra income on the side, why isn’t everyone into it?

The reasons are not surprising and they are easily refuted with evidences.

It is a Scam

This is the most common reason that many people think about matched betting. Even Oddsmonkey get a lot of feedback like that from some of their players before they became their patrons. Since such a risk free gambling exist, when according to conventional gambling such an option doesn’t exist, it sounds too good to be true and it is a scam. A risk free gambling is already a red flag for most people and it is one of the factors on how they identify a scammer.

But what people found out about matched betting with Oddsmonkey is different. First, not even one of the bookmakers has asked the bettors to pay first before they can get started. Matched betting always starts with a free bet. It doesn’t even provide an assurance that whoever bets with the bookmaker, they are guaranteed with riches in the long run. Most bettors use the free trial account in order to take a look at what this matched betting thing is really about.

It’s too hard or it’s too much effort

This reason is commonly heard amongst those who aren’t into sports and betting in events associated with it. Matched betting is usually betting on sports events. There are still people that have learned to understand how sporting events work and how bets are placed in such games, but they admitted that it took them a lot of time to understand fully what sports betting were all about. They had to read countless articles online for it. Some took to the visuals because it is easier for them to learn that way.

These days, there are training videos that will guide bettors on how to place bets with matched betting. Oddsmonkey has a training video on how to do the first steps with matched betting so that it will be easier for new bettors to understand the whole process in betting.

Nowhere to start

Even if you are a new comer and is not prepared to pay for the monthly service Oddsmonkey is providing, all you need to do is start out with their free trial first. Once you have successfully signed up, you will get access to tutorial videos and other visuals on how matched betting works. From there you get to decide whether or not you are going to go on matched betting further.

Is Matched Betting really a No Risk Betting?

You’ve probably heard or read a lot about matched betting at Oddsmonkey, but how sure is this form of betting that guarantees you will have the money whether or not you lose the betting? This is all about how you place your bets.

Why is it risk free?

This matched betting in Oddsmonkey works differently with the conventional betting people do when gambling. This is why matched betting can never be considered as a form of gambling, because players are guaranteed to win no matter the outcome. You still lose some money depending on which one you placed your bets on, but you’ll never lose all of them. This is a method perfect for those who are looking for the extra profit online. The bets you place on in this method is mostly on sporting events. This is commonly referred by many as the ‘bonus hunting’.

Using the free bets, the matched bettors are guaranteed with profits by having every outcomes of the event or match covered.

Many people think that the free bets are only provided in limited numbers, but with no risk gambling you are ensured that they just keep on coming daily. This is a kind of betting technique widely used by individuals solely for profit from the free bets and many other incentives provided by the bookmakers. This is why it is considered risk free since it is entirely based on an application through mathematical equation rather purely on chance, which is what pure gambling, is.

Rising demand of matched betting

Contrary to what people say, matched betting is not really something that just popped out a few months ago. This has long been offered online, but only got high in demand when it was proven to be profitable and legal to engage with. This is why it has gotten really popular among those who aren’t really into gambling but want extra profit for whatever reason they want with the money they win with matched betting.

Some are still not convinced that matched betting has gotten really popular. There’s a graph presented by the most popular search engine online, providing you a chart on how high the demand is for matched betting.

You might be thinking about how the companies or services like Oddsmonkey behind the matched betting are losing money since they usually provide free bets in the first place. This isn’t the case – bookmakers, the ones that offer the matched betting, uses this technique to entice the players to bet with them. This is like a marketing idea for new players to become true gamblers, if they knew what really entails in matched betting.

Also, if you are worried about the bookmakers’ profit with their free bets offered, they have staffs looking after bettors that are putting on too much value, so they place restrictions on accounts that may be taking too much of an advantage most of the time. This is to prevent the bettors to place very huge bets.

 

What is Matched Betting?

First time hearing about matched betting? If you want to make money or profit online, then this is one of your choices. You’d also want to check out Oddsmonkey if you decide to be in this game as well.

Many people are wondering whether or not matched betting is legal. Although the meaning of the words suggests that it is gambling, this isn’t gambling at all. Learning more will make you realize how easy it will be to make some added cash with matched betting, but do keep note that you are not going to become a millionaire out of it in one night.

Matched betting is a method of getting some of the free bets that are provided by the bookmakers. All these bookmakers promote their offers in order to invite new gamblers to place some bets with them. You will see something online that says you have to bet x pounds with them and they will give you x pounds free bet.

How it works

Here are some terminologies that you need to learn first before you engage with matched betting. The same terminologies are used in Oddsmonkey, too.

  • Back bet – this means that you are betting for a particular outcome to be true. A sample of a backing bet is something like this “I bet Spain will win”. If this is true, you have won the bet and you’ll get the winnings. If Spin loses or you got a draw, you will lose the stake you placed in. You can choose any bookmaker to put on your back bet.
  • Lay bet – this is a move where you bet against something that will come true. Just make an opposite prediction like the one above: I bet Spain will not win. This is still an example of the lay bet. If they either draw or lose, you still win. The lay bet can only be placed in a betting exchange, like the Betfair.

At this point, you already have an idea how matched betting works – this is by means of cancelling the risk with the ‘back’ bet at any online bookies through betting against yourself with the same odds, which is referred to as ‘laying’ a bet. And this is only done at a betting exchange. To put all of these in a few words, the player is ‘matching’ with their own bet.

After the first or the ‘qualifying’ bet you got, you will get an award with a free bet which will be provided by the bookmaker. This is the profit that you’ve heard most about matched betting. All you need to do is just repeat the process. You start with utilizing the free bet then lay up the bet. Whichever the result is with the placement, players are guaranteed with profit.

How much can you make with Oddsmonkey?

For every matched betting, you will be left up to 95 percent free bet amount as your profit. The reason for this is that the betting exchanges mostly charge with a commission of 5 percent on the winnings. You also get to make a small loss with the qualifying bet because of a minor difference in the odds on every website.

Oddsmonkey Review

Should you buy Oddsmonkey’s premium service?

I’m a student who was looking to make an extra bit of money online when I found oddsmonkey, I didn’t know what matched betting was at first until I read up on it and watched the video tutorials at Oddmonkey’s website, they were really well done and really helped me learn to know what matched betting was and how to do it, I didn’t even have to use maths(which I’m really bad at) because it was all done for me on their website!

After signing up for a few offers from their website, I earned my first money, all thanks to Oddsmonkey! If you’ve got some free time and money to spare to bet with, I highly recommend purchasing their premium matched betting service because they do all the heavy lifting for you, all you have to do is sit back and watch the money roll in!