What is No-Risk Matched Betting?

04 Dec, 2019

Although matched betting itself is almost entirely risk-free, the term “no-risk matched betting” might have caught your attention. If so, keep on reading because we’re now going to explain everything about it!

Recommended to Read Next: What are the Risks of Matched Betting?

Top 3 Key Takeaways:

Matched betting itself is a no-risk method.
Using Oddshero, you can reduce the risks even more.
Oddshero lets you do 2-bookmaker Matched Betting for free.

No-Risk Matched Betting Explained

To understand what no-risk matched betting is, first, you need to understand how regular matched betting works. In short, it helps you make profits by taking advantage of bonuses that online bookmakers give away.

What you do is stake the bonus funds on one bet, while betting against it at a betting exchange. Whatever happens, you win. And considering that you only bet your own money at the exchange, no matter what happens, you will make a profit.

Of course, you need to pick the right stakes in order to ensure that you’re actually going to get a profit. This is where Oddshero can help you. Our matched betting tool will find the best bets for you, as well as help you calculate how much money to bet at the bookmaker and how much to stake on the lay bet at the exchange.

Sure, you could try to do this on your own, but in that case, it’s no longer no-risk matched betting we’re talking about. If you decide to do it on your own, you’re risking to make mistakes that could cost you a lot.

The thing is that odds change all the time and they can sometimes change rapidly. This is why time is of the essence with matched betting. But, when there’s a hurry, mistakes happen.

Was it Gent or Genk that you were supposed to lay a bet on? One tiny mistake like that can ruin everything you achieved with matched betting by then.

The good news is that such scenarios won’t happen if you’re using Oddshero. Our tool will serve the best to you. Your job is only to confirm them!

Eliminating the need to look for suitable bets on your own is just one of many advantages of using a Matched Betting tool such as Oddshero. Another reason is that Oddshero only works with the most reliable bookmakers. In other words, using Oddshero-approved bookmakers means that you won’t get scammed.

It’s because we work only with licensed bookmakers with a good record when it comes to user-friendliness. There are more than 65 bookmakers you can use with our tool and all of them are famous for being pretty soft on the players doing matched betting. The chances that you’re gonna get gubbed with these bookmakers are very low.

By using Oddshero, your matched betting adventure turns into no-risk matched betting!

How No-Risk Matched Betting Works in Real-Life

If you still don’t believe matched betting can be done without any risks, we’re now going to show you how it works in practice. Here’s a short guide on how to do no-risk matched betting, which should make the things clear for you.

Step 1 – Sign Up to Oddshero

The Oddshero Matched Betting Tool is your best ally. This software will take care of all the hard work for you. All you got to do is pick the bookmakers and exchanges you wish to use.

You can choose from more than 65 bookmakers that our tool covers, as well as from several leading betting exchanges, including Betfair and Matchbook.

Step 2 – Find a Good Bonus Deal

Now it’s time to find the bonus you’re going to take advantage of. A great thing about Oddshero is that it can help you with this as well!

Our tool will present you with the best bonus offers currently available and it’s up to you to simply choose one. The next step is to register an account at the bonus-giving sportsbook.

In most cases, in order to get the welcome bonus, it’s not enough just to sign up. You also need to make a deposit. In fact, most bookmakers have such deals – they give bonuses only when deposits are made.

And you will probably have to wager the money you’ve deposited before being able to withdraw anything. But, don’t worry – Oddshero can help you with this as well.

Our tool will provide you with bet pairings that will ensure that even if you lose, your overall profit loss won’t be big. It’s a necessary step on the way to clearing the bonus.

Step 3 – Make Guaranteed Profits

When you finally get the chance to bet with the bonus funds, it’s time to use Oddshero once again. The software will find the best possible bets that you can make.

And once it does, you will then have to bet the bonus funds at the bookmaker, while laying the same bet at the betting exchange. This way, no matter what happens, you’re going to win money.

No-Risk Matched Betting With Two Bookmakers

As you can see from the example above, matched betting does require you to invest a little bit of your own money. The risk that you would lose that money is minimal.

But, if you would like to reduce the risk even further, doing matched betting with two bonus-giving bookmakers could be the right choice.

How it works is that you bet on one outcome at one bookmaker, while betting against it at another bookmaker. If both bookmakers are giving away bonuses, you can use bonus funds for both outcomes. This way, you’re literally risking no money of your own. However, there’s a catch – this way, you’re basically throwing away one bonus.

It’s a real shame to waste a good bonus deal, which is why our advice is to go with a sportsbook where you’ve already used your bonus. A much better solution is to bet the bonus funds at one bookmaker and place a little bit of money at a cover bookie.

The Cover Bookmaker you pick should be a sharp sportsbook or betting exchange. What ‘sharp’ means in sports betting lingo is that they are tough for players to beat because they are much more accurate in setting their odds than regular sportsbooks, which are commonly referred to as soft bookmakers. Because of their superior accuracy, they are able to take a much lower margin on the games, typically 2% versus 5% which is common amongst the soft bookies.

For you as a player, this means that you get a lot higher odds on average with a sharp bookie. Making them ideal for matched betting because we want to match or bonus bet with as high odds as possible at the Cover Bookmaker.

Another thing that makes the 2-bookmaker matched betting a budget option is that you don’t have to pay a subscription for Oddshero to get started. Our matched betting tool is free to use with Bet365.

If you want to get access to matched betting that involves exchanges as well, you will have to opt for the premium version. But, why would you want to do that if you can use the free version? It’s because there’s more money to be made when betting exchanges are added to the equation.

The thing about betting exchanges is that the players don’t bet against them, which is the case with bookmakers. Therefore, exchanges don’t care about the odds; they only care about the commission.

In betting exchanges you’re the one who can propose the odds and if there’s a player ready to match them, you’re in for a really great value.

There’s another reason why doing matched betting the old way (Bonus Bookmaker + betting exchange) is the right way. It’s because exchanges are okay with you doing matched betting. They won’t gub your account for that, while some cover sportsbooks might do it.

3 Key Takeaways

You can think of Matched Betting as a mathematical formula for winning at sports betting.
On paper, it’s 100% bulletproof. But, in real life, some risks might be involved. Luckily, you can reduce those risks by doing matched betting carefully.
Another way to decrease the risks is to get help from a Matched Betting tool such as Oddshero.