What Is Matched Betting and How Safe Is It?

If you’re new to online betting then you might be wondering what is matched betting and how safe is it? Matched betting is a type of betting where you stake one amount of money on one team winning and then you stake another amount of money on the other team losing. The betting exchange platforms used for matched betting allow for multiple people to bet on one action, which means fewer individual bets and higher odds of winning.

What Is Matched Betting?

Matched betting is a form of parimutuel wagering, which is all about putting multiple bets on one event. Matched betting allows you to take advantage of statistical anomalies in sports by placing multiple wagers on the outcome of a game, which is more likely to occur due to an unbalance in odds. It is most common in online betting because there are more people willing to play, but it also exists in sports betting where there are multiple bookmakers. In general, odds are not even across the board, and this is where parimutuel wagering comes in.

If you’re looking to get into matched betting then take some time to study the odds before putting down any money. Also, make sure you’re actually getting the best odds possible because there are some pretty sick conspiracies in place when it comes to sports wagering. For example, one of the bookmakers might have an agreement with a rival bookmaker that when the first bookmaker gets a certain team over a certain amount of wins, the second bookmaker will pay the first bookmaker a certain amount of money to take the game.

How Does It Work?

The first step to understanding matched betting is to break it down into two parts: the first part is the stake where you put down one amount of money (the lesser of the two amounts) to win one amount of money (the bigger of the two amounts) and the second part is what is commonly known as the lay bet where you lay one amount of money (the lesser of the two amounts) to win or lose one amount of money (the bigger of the two amounts).

In layman’s terms, you’re essentially betting on the outcome of a game while also betting on whether the game will end in a win or loss. Let’s take a closer look at how these two parts come together.

Explanation Of Parts:

Depending on how smart you want to get, you can either roll the dice or click the button to reveal the answers. It’s your decision which method you want to use, but either way, you’re going to need someone (ahem…or maybe yourself) to fill in the answers for you.

For example, if you’re using the button method and you’ve staked $100 on the Chicago Cubs to win the World Series with $200 to win, you would click the button to reveal the answer and the correct answer would be: The Chicago Cubs will win the World Series.

If you’re into smarts then you can click here to reveal all the answers without having to scroll through a bunch of questions all by yourself. Don’t worry, the answers are still correct but you’ll have to get the solution yourself.

The Stake Part:

The stake part is an amount of money you’re willing to lose on a winning bet. It differs from the lay bet in that you’re not choosing whether the game ends in a win or loss but rather what the final result is. The only stake part you’re really affecting is the amount you win if your team wins. The more you risk on one bet, the greater the potential for winning. If you’re worried about missing out on winning opportunities because you aren’t willing to risk it all then go with the stake part of matching betting. If you’re feeling lucky then the toss part might be the right fit for you.

To make things simple, let’s use an example where you put down $100 on the New York Yankees to beat the Chicago Cubs in the World Series with the stakes being won: The New York Yankees will beat the Chicago Cubs in the World Series with a final score of 5-4.

If you’re reading this article then you’re either already a fan of the New York Yankees or you’re just getting into sports wagering and want to learn more. In either case, take a look at how your 100 bucks would break down:

  • $100 on the New York Yankees to beat the Chicago Cubs in the World Series: You’re going to win $100
  • $100 on the Chicago Cubs to win the World Series: You’re going to lose $100

Even though you lost money on the first bet, you’re still ahead because you also made a profit on the New York Yankees – Chicago Cubs game. You profited $100 when the game ended as a draw (no-score game). So, your profit on that game is $100 plus the initial stake of $100, for a total of $200 in profit. In the case of winning the game, you’ll win the initial stake plus 100 more dollars. In the example above, if the World Series ends in a 5-4 victory for the New York Yankees then you’ll win a total of $150, plus the initial stake of $100, for a total of $250.

The Lay Bet Part:

The lay bet is an amount of money you’re willing to lay on an outcome of a game. It differs from the stake part in that you’re not putting down one amount of money to win another but rather you’re betting on the outcome. So, if you bet $100 that the Pittsburgh Pirates will win the World Series, your lay bet is that the Pittsburgh Pirates will not win the World Series. You’ll lose your $100 bet if the Pirates win the World Series. When deciding what amount to lay, you need to think about how much you want to win if your bet succeeds. You can’t win more than what you’re willing to lay. So, if you’re going to lose $100 then you might as well have some fun and win $150. If you’re feeling extra adventurous then you can always bet $200 and win $400. Of course, you’re going to lose that $400 but it’s still a lot of money to win in one bet!

To make things simple, let’s use an example where you put down $100 on the Chicago Cubs to beat the New York Yankees in the World Series with the stakes being won: The Chicago Cubs will beat the New York Yankees in the World Series with a final score of 6-2.

If you’re reading this article then you’re either already a fan of the Chicago Cubs or you’re just getting into sports wagering and want to learn more. In either case, take a look at how your 100 bucks would break down:

  • $100 on the Chicago Cubs to beat the New York Yankees in the World Series: You’re going to win $100
  • $100 on the New York Yankees to beat the Chicago Cubs in the World Series: You’re going to lose $100

Even though you lost money on the first bet, you’re still ahead because you also made a profit on the New York Yankees – Chicago Cubs game. You profited $100 when the game ended as a victory for the New York Yankees. So, your profit on that game is $100 plus the initial stake of $100, for a total of $200 in profit. In the case of winning the game, you’ll win the initial stake plus 100 more dollars. In the example above, if the World Series ends in a 6-2 victory for the Chicago Cubs then you’ll win a total of $150, plus the initial stake of $100, for a total of $250.