This is one of the most prominent questions on punting forums. The best way to explain it is that the facts will speak for themselves. Know the meaning of matched betting and does it reall work
‘Is Matched Punting a hoax ‘is one of the most prominent questions on punting forums. This is telling you that the subject matter is currently under heavy fire by some punters in the industry. In any case, it’s a bit tricky to state a position in this case.
Introduction
Is Matched Betting No Risk Or Scam, Does It Really Work, Meaning Explained
Most bettors on the forums must have concluded that the practice mentioned earlier is a hoax for two reasons. First, they had little or no idea of what matched wagering is. Finally, they probably transacted with the wrong bookie to think that they had to nurse this unfounded fact.
Our goal is to walk you through some important things you need to know about matched wagering. Once you know all you need to know, we trust that you will be able to tell whether it’s a scam or not.
What Matched Punting is
First things first, the practice is not as complicated as you think it is. Plus, it’s a common practice among gamesters, especially the greenhorns. It’s the practice of setting up a wagering account with the intent of profiting from the registration bonus. It’s similar to purchasing a sim card merely to utilize the free data packages you receive on your first recharge. After that, you stop using the sim card actively.
In this case, you also need to deposit a few pennies into the punting account. Then you wager on them to secure the offer.
In other words, the trick is to stake your deposit and remit enough funds to get it back. In this case, you will neither lose your funds nor gain from it. However, you will receive a free wager with the sportsbook which you can convert into cash.
In any case, you can also wager on your free wager. In this way, you stand a winning chance whether you win or lose.
An Excellent Example of Matched Wagering
For instance, if you sign up with a sportsbook that offers hundred dollars in free punts upon remittance and wagers a hundred dollars. All you need to do is to stake your hundred-dollar deposit. In this case, you could win a hundred dollars plus another hundred dollar rebate. In total, you will receive two hundred dollars. This means that you earned a profit of hundred dollars.
However, you should keep it in the back of your mind that you might need to pay a few charges for any winnings. It will only cut down your return by five percent.
Why do Sportsbooks Provide Matched Punting?
Sportsbooks offer matched punting as a reward to attract new players to set up an account with them. Most punters engage in this practice out of good faith. It’s not designed to facilitate fraudulent activities as most bookies encourage it.
So if you like to make small moves with little cash, then matched wagering is for you.
What Bookies Provide Matched Wagering?
Most of the prominent and credible bookies globally offer matched wagering. As an aside, these sportsbooks are certified by reputable gambling regulating authorities. They offer it for the single reason mentioned earlier. Some of these bookies are:
- William.
- BetVictor.
- Betfair.
- Sky.
- Fred and many others.
Can the Practice Cause You To Be Evicted From Bookies?
Most bookies are always investigating punters who exhaust more than enough value. The matched punters happen to be under this category.
However, some stakeholders in the industry do not care about matched wagering per se. They are simply aware that some gamesters bite more than they can chew in terms of utilizing the bonus-matched offers. But they consider that converting these so-called bettors to their clients is much more important than banning them.
Read more about matched punting from TheTraider’s Guide.
Conclusion
Matched punting is a no-risk way to earn some decent pennies online. But it’s not a reliable means to make ends meet.
Contrary to public opinion, the practice is not a hoax for a single reason. Legitimate bookies offer it as a registration freebie to newcomers.