One of the most popular subjects in the betting world right now is matched betting. The idea itself is clearly alluring: you put in two wagers and are then assured of winning.
There is always the proviso that you must prevent errors, but if everything goes according to plan, your profit should increase. But there’s a significant catch: matched betting isn’t currently well-liked in the States.
What you should know about risk-free matched betting
- By employing free bet offers from bookies, matched betting is accomplished.
- A matched bettor places a back bet (betting for an outcome) on an event at a bookmaker along with a lay bet (betting against an outcome).
- A matched betting calculator is used to determine the investment in order to guarantee a profit.
- No matter how the event turns out, a profit is certain if both bets are put correctly and the calculator is accurate.
- The negative? There is no risk-free matched betting currently available in the USA.
What exactly is risk-free matched betting?
No-risk matched betting is a strategy used by bettors, also known as “sharp” bettors, to guarantee a profit from any wager they make. A qualifying wager that earns a bonus bet typically results in a minor loss for the bettor, who then uses the bonus bet to lock in a profit by backing and laying the same event. Bettors will profit whether they win or lose if they use the proper calculation to establish the lay stake.
Matching bets have gained enormous popularity in Europe and is frequently regarded as a lucrative second source of income or side business. The drawback is that bookmakers dislike matched betting and will suspend accounts that engage in it since their profit on bets is negatively impacted. But, for many gamblers, the chance of losing their money is worth it in exchange for a second source of income that is (relatively) dependable and may frequently bring in thousands of dollars over the long run.
Why can’t Americans engage in no-risk matched betting?
There is a catch: law. No risk-matched betting might easily enjoy the same appeal here as it has abroad. With the historic Supreme Court ruling in 2018, individual states have been legalizing betting rather than having access to it on a nationwide level because in the US, betting over state lines is prohibited by the Federal Wire Act of 1961.
The limitation to betting just within one state poses an immediate issue for matched betting. In order for matched betting to be profitable, lay bets must be placed, and lay bets may only be placed through betting exchanges. Lay bets include betting against the outcome of an event.
Explanation of betting exchanges
A typical bookmaker will add an overround to the betting odds they provide in order to guarantee their profit on that specific wager. The agreement between the bettor and the bookmaker is made when a wager is placed.
Exchanges for betting operate differently. They just offer a platform for bettors to compete with one another, as opposed to accepting bets from bettors. All wagers on exchanges must be “matched,” which means that if one gambler places a back wager, another gambler must be willing to place a lay wager. If not, a wager will stay unmatched; nevertheless, if it is not matched by another bettor prior to the start of the event, it will be void. There is no need to wait for bets to “match” at a typical bookmaker because the bookmaker accepts the wager rather than another user.
So, rather than being traditional bookmakers, betting exchanges serve as a platform that makes peer-to-peer betting easier. Betting exchanges don’t currently exist in the States, despite being prevalent elsewhere in the world.
Why betting exchanges fail in the USA: The liquidity issue
In order to operate, betting exchanges require a sizable number of active bettors. After all, rather than the exchange itself, bets are taken by individuals in a peer-to-peer service. The platform can be said to have excellent “liquidity” if there are enough bettors utilizing it, meaning that there are enough persons ready to accept back and lay bets from other bettors for the platform to operate. The platform will have low liquidity if there aren’t enough bettors, which will prevent bettors from having their wagers matched. Unmatched bets eventually become canceled bets, as we already discussed. The exchange and bettors attempting to utilize it are both impacted by the issues low liquidity causes:
Low liquidity will cause bets to be mismatched and ultimately void for gamblers. Given that gamblers naturally want to be able to gamble, the possibility of canceled bets is undesirable.
Little liquidity for exchanges equals no profit. Exchanges make money by charging a commission on all winning wagers, unlike bookmakers who might apply an overround to bets. Because there is no fee if bets are canceled, their sole source of money is cut off.
Low liquidity, state boundaries, and the effect on no-risk matched betting
Finally, we may look to synthesize all of this knowledge and determine how it affects the future of no-risk matched betting in the States:
- Liquidity is required for exchanges to run properly.
- Exchanges require individuals in order to produce such liquidity.
- The liquidity increases with the number of users, making the exchange more profitable both as a betting platform and as a company.
- Nonetheless, betting in the USA is only permitted within particular states as a result of the Federal Wire Act.
- Due to this peculiarity in the law, any exchange that wished to run would immediately have a small user base, able to only permit wagers between users inside the same state.
- It makes sense to presume that there are very few bettors who desire to use an exchange in a single state because sports betting is still a relatively recent invention in the USA. This is especially true in light of the fact that exchanges are still less well-liked than traditional bookmakers, even in nations where they are well-established.
Without an exchange to accept lay bets, matched betting is not conceivable because there just isn’t enough of a user base for exchanges to offer a service within a single state.
The unique approach of matched betting has a successful track record abroad. Unfortunately, it is now illegal to carry out the activity in the USA due to a federal rule that affects the profitability of betting exchanges. No risk-matched betting is currently prohibited for US citizens, though this may change in the future.
FAQs about No Risk Matched Betting
1) Can you make money with no risk-matched betting?
A person can learn and employ a range of various betting tactics and bet kinds, from focused horse betting techniques to putting a double chance bet when necessary. Many bettors have thought about employing no-risk matched betting as part of their overall experience.
2) How does no risk matched betting work?
With no risk-matched betting, gamblers can cover every scenario in a wager.
3) Is it possible for me to use no-risk matched betting on all platforms?
You’ll discover that no-risk matched betting is available on a variety of platforms.
4) What are some matched betting alternatives?
However, there is currently no real substitute for no-risk matched betting available in the USA. Nothing “locks in” a profit in the same way that matched betting is supposed to, despite the fact that there are innumerable betting systems and tactics, many of which are worthwhile learning more about.